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Goldplay Exploration Ltd. announced that the phase I drilling program has started on the El Habal Property in Sinaloa, Mexico.
Goldplay Exploration Ltd. (TSXV:GPLY), announced that the phase I drilling program has started on the El Habal Property in Sinaloa, Mexico. The phase I core drill program will include six drill holes in the Santos and La Reina targets totalling an estimated 1,500 meters.
As quoted in the press release:
The drill targets identified in the 2017 surface exploration program and recent ground geophysical survey (CSMAT) are located close to small historical shallow underground workings known as Santos, La Reina, and El Habal. These targets have been defined by positive wide trench results, representing areas with presence of low resistivity anomalies identified by the CSMAT. The ground geophysical survey revealed anomalies close to the surface and with evidence of intense hydrothermal alteration in andesites and rhyolites hosting gold mineralized quartz stockwork zones.
The historical shallow underground workings have been recently reopened with the completion of detailed geological mapping and sampling, revealing important information for 3D modelling of the mineralized corridor. The phase I drill program will focus initially on a 600 meters long mineralized corridor, open along strike and down dip within a highly prospective 6 kilometes long mineralized corridor. The company plans to complete a 2,500 meters phase II core drilling program drill program in 2018.
Marcio Fonseca, CEO, commented:
We are extremely excited with the start of drilling on an attractive exploration project located in the vicinity of historical high-grade historical gold-silver Rosario mine.
Click here to read the full Goldplay Exploration Ltd. (TSXV:GPLY) press release.
