Business
AbraPlata Summarizes Successful 2020 Drilling Results and Provides Corporate Outlook for 2021
(TheNewswire) Toronto - TheNewswire - January 1...
About this update from Abrasilver Resource Corp.
[{"type":"text","content":"AbraPlata Summarizes Successful 2020 Drilling Results and Provides Corporate Outlook for 2021\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Toronto -\n \n \n \n \n TheNewswire\n \n \n \n \n - January 12, 2021: AbraPlata Resource Corp.\n(TSX.V:ABRA\n \n \n \n \n )\n \n \n \n \n (\n \n \n \n \n OTC:ABBRF)\n \n \n \n \n (\"AbraPlata\" or the “Company”)\n \n \n \n is pleased to provide a summary of its 2020\naccomplishments and  present its outlook for 2021. AbraPlata begins\nthe new year with a strong balance sheet of approximately C$18 million\nof cash with no debt, and is continuing to aggressively explore\nseveral high-priority drill targets at its wholly-owned Diablillos\nproject in Salta, Argentina.\n \n \n \n \n AbraPlata made substantial progress on multiple fronts\nin 2020, with the top three highlights being:\n \n \n \n \n \n \n - The successful completion of three equity financings\nfor aggregate gross proceeds of C$25 million, also resulting in Mr.\nEric Sprott becoming the Company’s largest shareholder;\n \n \n \n \n - Announcing multiple high-grade silver, gold and\ncopper exploration results at Oculto as part of the ongoing\n13,000-metre drill program.  Refer to Table 1 below for summary of\ntop drill intercepts;\n \n \n \n \n - Strong share price appreciation with increased\nshareholder value of 750% for the year, resulting in the Company being\namong the best performing mineral exploration companies listed on the\nTSX-Venture Exchange.\n \n \n \n \n \n \n John Miniotis, President & CEO, commented, “The\npast year has truly been transformational for the Company, and has\ngreatly positioned us to continue to add value going forward.  With\nan aggressive exploration program at Diablillos underway, a strong\nbalance sheet, and a highly supportive shareholder base, we’re\npleased to be rapidly emerging as one of the premier silver-gold\nfocused exploration stories. I would personally like to thank all of\nour team members for their hard work and shareholders for their\ncontinuing support, as we look forward to further exciting years ahead\nin 2021 and beyond.”\n \n \n \n \n “Finally, we are extremely pleased to be actively\nworking in the Salta province, which is ranked among one of the best\nmining jurisdictions, not only...