Goldplay Exploration Ltd. (GPLY:TSX.V; GLYZF:OTCQB) provided an operational update on San Marcial and El Habal.
At San Marcial, the company's high-grade silver-lead-zinc project, the primary focus of work underway is to calculate and release an NI-43-101-compliant resource estimate before year-end 2018. The update will encompass results from the 2010 drill holes and reinterpretation of the 2008 drill holes. A three-dimensional model of the deposit will also be used in this process. Sampling of the drill core, still in progress, should be completed soon.
Also at San Marcial, Goldplay is preparing for "exploration over the coming months" of the 3 kilometers of unexplored mineralized trend there, noted the news release. It identified six discrete areas for drilling, and they encompass the 14 gold targets that geologists recently pinpointed, including mineralized breccia's strike extensions.
With respect to El Habal, Goldplay's gold-silver project, the company is working to identify, assess, confirm and prioritize additional drill targets, with the intent of subsequently conducting a drill program.
These efforts come following completion of an initial drilling campaign, at the Arenal, La Reina and Santos targets, and geophysical work, both of which indicated "an intrusive related gold system as a possible source of mineralization at El Habal," according to the release. Also, Goldplay subsequently took soil samples over three prospective areas, La Española, Octavia and Zona Sur, which included some newly identified targets.
The company will review results from those and historical soil samples for indicators of key mineralization and structural controls. Other related, planned work, according to the release, includes geological mapping and sampling to delineate the connection with known mineralization in the already drilled area, structural mapping of surface and underground exposures "to better understand the key structural controls on the distribution of gold mineralization," and completing the geophysical model.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her 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.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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.
