Abraplata To Mobilize Drill Rig For Its Diablillos Ag-Au Project In Argentina

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[{"type":"text","content":"Abraplata To Mobilize Drill Rig For Its Diablillos Ag-Au Project In Argentina(via TheNewswire)\n\n \nBuenos Aires / TheNewswire / May 24, 2017, - AbraPlata Resource Corp. TSX.V:ABRA (\"AbraPlata\" or the \"Company\") is pleased to announce that it has awarded a 2,000m drilling contract to Foraco Argentina SA, the wholly owned Argentine subsidiary of Foraco International SA (\"Foraco\"). A truck-mounted Boart Longyear LF-90 drill rig is being mobilized to undertake a 15 hole program on AbraPlata's Diablillos Ag-Au project in the high plains desert of the \"Puna\" in southern Salta Province of northwestern Argentina, and drilling operations are to commence by the end of the week. The planned diamond drill program is expected to bring additional mineralization at the Fantasma Mineralized Zone into a resource category with a view to further defining and expanding, the existing resources outlined at the Oculto Deposit, some 8oom to the east of Fantasma. This will, in turn, allow the Company to establish the parameters necessary for updating a previously prepared, internal Preliminary Economic Assessment study.\n\n\n \nDiablillos\n\n\n \nThe Diablillos property lies at an elevation of 4100m above sea level, and covers an area of 79km2. It is located in a rapidly developing mineral province in northwestern Argentina that includes the TacaTaca (First Quantum), Lindero and Arizaro (Fortuna), Rio Grande (Regulus), and Samenta (AbraPlata) deposits. Access is good with all-weather gravel roads and a serviceable airstrip on a neighbouring property. \n\n\n \nThe property hosts the Ag-Au epithermal Oculto Deposit for which an indicated resource has been estimated consisting of 27.7m tonnes at 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k oz Au (135m oz AgEq or 1.9m oz AuEq). Oculto is only one of nine mineral occurrences located on the Diablillos property. The Fantasma zone lies immediately to the west of Oculto, and has been identified by a number of trenches and four drill holes. A dacite porphyry at the Cerro Viejo Este occurrence, some 1200m north-northwest of Oculto, hosts Cu-Au mineralization that has been intersected in two drill holes in a dacite porphyry. At Pedernales to the north of Oculto, narrower but higher grade epithermal mineralization has been intersected in a number of drill holes. Altogether, some 85,000m of...

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