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Abraplata Resource Corp
Symbol ABRA
Shares Issued 65,062,009
Close 2017-11-13 C$ 0.225
Market Cap C$ 14,638,952
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Abraplata drills 10.6 m of 16.7 g/t Au at Diablillos

2017-11-14 08:53 ET - News Release

Mr. Willem Fuchter reports

ABRAPLATA DEFINES GOLD-RICH ZONE WITH UP TO 16.7G/T AU OVER 10.6M IN THE BASEMENT AT ITS DIABLILLOS PROPERTY IN ARGENTINA

Following a comprehensive review of the geology and drill core, Abraplata Resource Corp. has defined a gold-rich zone located in the lower part of the Oculto silver-gold deposit in the southern half of the Diablillos property. This zone is centred on drill hole DDH-97-007A which intersected 2.7 grams per tonne gold and 15.6 g/t silver over 108 metres (from 197.2 m down the hole), including 16.7 g/t Au and 39.2 g/t Ag over 10.6 m (from 210 m to 220.6 m) in which a single sample returned 90.7 g/t Au over 1.1 m. The gold-rich zone measures approximately 300 m by 50 m, and lies both within the regolith breccia and below it in the basement, which has not been extensively drill tested. Furthermore, the zone is coincident with the recently identified structure that controls both the geometry and overall northeast-southwest trend of the Oculto deposit as a whole.

"The recent review of the drilling results by our consultant geologist has resulted in a new appreciation of the extent and grade of the gold-dominant mineralization in the basement rocks of the Oculto deposit," commented Abraplata's chairman, Hernan Zaballa, adding, "The higher grades and large width of this zone highlights the considerable potential for delineating additional gold-rich resources in Oculto and the company plans to drill new holes into this zone in the near future."

Metal zonation within the mineralized zones at Oculto ranges from Au (or gold-copper) in the feeder veins in the basement rocks to Au-Ag and then Ag-Au in the bulk of the disseminated body hosted by the overlying volcanics to Ag only higher up in the sequence. It is also clear from mapping outcrop and road cut and/or drill pad exposures that there is a strong structural control on mineralization and associated alteration, and that most of these control structures trend northeast-southwest and have near vertical dips. Both gold and silver mineralization appears to expand spatially where the steeply dipping structures intersect the basement/volcanic contact. In some cases, this expansion is also coextensive with a regolith conglomerate on the basement contact. However, this blanket appears to be dramatically thickened in a northeast-southwest trending trough, and is coincident with the dominant controlling structure and where this intersects the basement contact. It is possible that the regolith conglomerate is actually a misinterpretation of a hydrothermal breccia at the contact of the basement and steeply dipping control structures. In any case, this zone has a strong influence on the enhancement of mineralization both spatially and with respect to better gold grades.

A planned drill program aims to delineate the extent and grade of this gold-rich zone.

Qualified person

Willem Fuchter, PhD, PGeo, president and chief executive officer of Abraplata Resource, and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the information contained in this news release.

About Abraplata Resource Corp.

Abraplata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina. The company's experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on expanding and advancing its flagship Diablillos property, with an indicated resource of 81.3 million ounces Ag and 755,000 ounces Au, through the various stages of feasibility. In addition, Abraplata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized Cu-(molybdenum-Au) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the company's Samenta porphyry Cu-Mo property south of First Quantum's TacaTaca project as well as its Aguas Perdidas Au-Ag epithermal property.

We seek Safe Harbor.

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