AbraPlata is an Argentina-based company that provides massive leverage to silver and gold prices. The characteristics of the Oculto deposit provide optionality to mine via open pit or underground methods.
Most work at Diablillos has focused on the the Oculto deposit, a high sulphidation epithermal silver-gold deposit. Mineralization starts near surface and is completely oxidized to over 200m. Deeper mineralization is gold rich, transitioning to gold-silver.
Oculto is a high sulphidation epithermal silver-gold deposit ‐ mineralization often extends to depth vs. low sulphidation. Preliminary metallurgical test work indicates that excellent recoveries (e.g., 81% silver and 86% gold) can be achieved using a flowsheet comprising crushing, grinding and agitated vat leaching.
Oculto is a high sulphidation epithermal Ag-Au deposit – excellent potential at depth. There is evidence of several high grade gold zones at the bottom of the pit that have not been well drill tested.
PEA in QI 2018
The Oculto deposit at Diablillos will have a Preliminary Economic Assesment (PEA) that will demonstrate production size potential, preliminary economic estimates, and outline work program. Diablillos alone has an enormous organic growth potential from satellite deposits, high-grade gold zone at Oculto, and Northern Arc gold targets.
Q IV 2017
AbraPlata is an undervalued investment opportunity with an exceptional portfolio of Au, Au, and Cu projects in Argentina, including its principal Project, the Diablillos Ag-Au Deposi in the Salta Province of NW Argentina. The Company is solidly underpinned by a ~2m oz AuEq(70) Indicated Resource at Diablillos, and has excellent “Blue Sky” potential with organic growth at Diablillos as well as with 3 other exciting porphyry Cu-Mo-Au projects.
With the change of administration after the elections in late 2015, Argentina has undergone rapid economic and political change which is revitalizing the economic outlook. This was recently confirmed with the outcome of the PASO (primaries) which were held in August 2017.
AbraPlata Resource Corp is a mineral exploration and development company engaged in the acquisition, exploration and development of mineral resource properties in Argentina. The company is listed on the TSX Venture Exchange under the ticker symbol ABRA.