Goldplay continues to intercept new silver-lead-zinc-gold mineralization from sampling of historical core at San Marcial; including 23 meters @ 160 gpt AgEq
VANCOUVER, Oct. 30, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) ("Goldplay" or the "Company") is pleased to announce positive results from sampling of the historical core drill holes completed in 2010 ("historical core"), from the Company's San Marcial Project in Mexico. The results support open pit potential for the initial 500-meter-long historical NI 43-101 resource area ("historic resource"). Results reveal a much wider mineralized zone along strike and down-dip than originally modelled in the historic resource with opportunities for expansion.
61.0 meters (true width 47.8 meters) @ 93 gpt AgEq
Including 23 meters (true width 17.3 meters) @ 160 gpt AgEq
56.0 meters (true width 42.0 meters) @ 61 gpt AgEq
Including 33.0 meters (true width 24.8 meters) @ 79 gpt AgEq
12.5 meters (true width 9.4 meters) @ 126 gpt AgEq
Goldplay President and CEO Marcio Fonseca commented, "Our systematic sampling of available core (not previously sampled) has confirmed much wider and continuous mineralization than previous geological modelling part of the historic resource. The width and shallow depth of intersections associated with attractive grades, hosted in wide hydrothermal breccias and favorable topography, continue to reinforce the open pit development potential at San Marcial. The results also reinforce opportunities for future open pit development and upside exploration potential, as sampling is revealing new, wider polymetallic mineralized zones, continuous along strike and down dip, doubling the footprint of the previously modelled mineralized zone. The sampling results together with an updated geological interpretation are being incorporated in a new 3D Geological Model in preparation for a scheduled new resource estimation."
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
