Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Sampling at Historical Core at Mexican Asset Shows up to 1,285 g/t Silver Equivalent
News Update

Share on Stocktwits


Following this finding, the project owner continues sampling and exploring.

Goldplay Exploration Ltd. (GPLY:TSX-V;GLYZF:OTCQB) reported that initial results from sampling historical core holes drilled at its San Marcial project showed "significant silver values, supporting the high-grade nature" of this asset and "upside potential for resource expansion," according to a news release. These new data are from one of 22 holes drilled in 2010.

That hole, SM10-22, showed 19.5 meters at 157 grams per ton Ag eq, including 1.5 meters at 1,285 grams per ton Ag eq. "The high-grade interval from this hole represents the deepest intersection outside of the historical resource to date in the San Marcial project," the release noted.

Indeed, further upside could come from resource expansion because the 22 historical holes had been excluded from the 2008 NI 43-101 resource. Upside also could come from the continuity of the silver, lead, zinc and gold mineralization down dip, outside of the historical resource, and the existing geological features, all of which already have been identified via previous drilling, the company noted.

"The core reviewed to date reveals a structurally controlled mineralized system with silver mineralization associated with significant concentrations of lead, zinc and gold, hosted by hydrothermal breccias and fault zones," said President and CEO Marcio Fonseca in the release.

As for the other 21 historical core drill holes, Goldplay began sampling those as well. It plans to use all of the new data to develop a fresh three-dimensional, geological and silver mineralization model of San Marcial. The goals of these sampling efforts are to expand the resources and delineate mineralized zones such that they would support a high-grade, open-pit mine on the property.

Once the company receives new drill permits, expected in Q3/18, it will launch a drilling program at San Marcial to continue expanding the resource along strike and down dip in the area of the historical resource. Goldplay aims to release a new resource estimate in Q4/18, the company stated.


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 company mentioned in this article is a billboard sponsor 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 interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Goldplay Exploration, a company mentioned in this article.

Want to read more about Gold investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe