Goldplay Announces Further Sampling Results from San Marcial Historical Core; Confirms Open Pit Target Near Surface with 46.0 Meters @ 129 gpt AgEq
VANCOUVER, Aug. 28, 2018 /CNW/ – Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF – the “Company” or “Goldplay”) is pleased to announce additional results from sampling of the historical core drill holes completed in 2010, on the Company’s San Marcial Project in Mexico. 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 m intercept from SM-10-06 returned an excellent result of 2,384 gpt AgEq, within a wider 46.0 m silver mineralized zone. Other highlights of the sampling from drill holes SM-10-06 and SM-10-21 include:
- SM-10-06, 46.0 meters @ 129 gpt AgEq Including 7.5 meters @ 379 gpt AgEq
Including 1.5 meters @ 1,079 gpt AgEq
- SM-10-21, 17.5 meters @ 239 gpt AgEq
The following table summarizes the most significant drill results (uncut) from SM-10-06 and SM-10-21 for this news release.
Hole No. | From (m) | To (m) | Interval (m) | True Width (m) | Ag g/t | Pb % | Zn % | AgEq* g/t |
SM-10-06 | 148.7 | 194.7 | 46.0 | 46.0 | 89 | 0.3 | 0.5 | 129 |
Including | 154.5 | 162.0 | 7.5 | 7.5 | 334 | 0.4 | 0.6 | 379 |
Including | 158.5 | 161.0 | 1.5 | 1.5 | 989 | 1.2 | 0.9 | 1079 |
Including | 160.5 | 161.0 | 0.5 | 0.5 | 2,180 | 3.3 | 1.5 | 2,384 |
SM-10-21 | 24.6 | 42.5 | 17.5 | 17.5 | 89 | 0.3 | 0.5 | 239 |
Note: all numbers are rounded. |
AgEq (silver equivalent) is calculated from gpt data. AgEq g/t = Ag g/t + Au g/t x (Ag Price per oz/ Au price per oz) + (Pb grade x ((Pb price per lb./Ag price per oz) x 0.0685714 lbs. per Troy Ounce x 10000 g per %)) +(Zn grade x ((Zn price per lb./Ag price per oz) x 0.0685714 lbs. per Troy Ounce x 10000 g per %)). Ag price per oz (US$16.50), Au price per oz (US$1250/oz), Pb price per lb. (US$0.95) and Zn price per lb. (US$1.15) and 100% Metallurgical Recovery.