Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) announced additional results from sampling of the historical core drill holes completed in 2010 on the San Marcial Project in Mexico, noting, "The core sampling program continues to successfully identify an attractive, wide, near surface high-grade mineralized zone hosted in hydrothermal breccias close to major geological structures."
A 0.5-meter intercept from hole SM-10-06 "returned an excellent result of 2,384 gpt AgEq, within a wider 46.0 meter silver mineralized zone," the company noted.
Goldplay President and CEO Marcio Fonseca commented, "Goldplay's systematic sampling of 22 existing core drill holes (previously only partially sampled) is confirming the upside potential for resource expansion, while delineating mineralized zones wide enough to support a high-grade bulk mineable open pit target at the San Marcial Project. The sampling program is progressing with pending results expected to lead to an updated resource estimation by the December quarter of 2018."
Sampling of holes SM-10-06 and SM-10-21 confirms continuity of high-grade silver mineralization with anomalous values for lead and zinc.
"The mineralization is not only close to major structures but also in a wide and continuous hydrothermal breccia unit," stated the company. "In anticipation of a new resource estimate in the December quarter 2018, the company is advancing the geological/geochemical and structural modelling of the mineralized zones with the objective of defining additional targets for down dip and along strike drilling upon receipt of drilling permits."
Read what other experts are saying about:
1) John McPhaul compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an employee. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Goldplay Exploration. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article, until one week after the publication of the interview or article. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldplay Exploration, a company mentioned in this article.