Vancouver, BC – Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce high-grade results from a historical underground tunnel that it has re-opened at the Company’s San Marcial Project in Mexico. The tunnel cuts the San Marcial Main Fault and associated silver-bearing wide breccia approximately 80 meters below the surface near the center of the 500-meter-long historical NI 43-101 resource area (“historic resource”). The exceptional silver-lead-zinc-gold grades over substantial widths reinforce the potential and continuity of mineralization from surface and provide targets for our upcoming drill program.
- 13.0 meters (true width 7.0 meters) @ 1,048 gpt AgEq (550 gpt Ag)
- Including 3.0 meters (true width 1.6 meters) @ 1,934 gpt AgEq (1,127 gpt Ag)
Goldplay President and CEO Marcio Fonseca commented, “We recently re-opened a historical underground tunnel that cuts through the foot wall sequence of the San Marcial deposit and through the silver-lead-zinc-gold bearing hydrothermal breccia. The high-grade results that we received over substantial widths, including 3 meters at over 1.9 kg/t AgEq, support the high-grade nature of the mineralization. Our understanding of the geological controls on the high-grade mineralization will assist in the planning of our upcoming drill program. The tunnel results support continuity of the polymetallic mineralization from surface and provide positive correlation with our current 3D modeling, which will lead into a new NI 43-101 resource estimate, expected in January 2019.”