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News Update


Imminent for Explorer: Resource Update at One Project, Drill Program Launch at Second
News Update

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This gold-silver company continues to simultaneously advance two of its projects in Mexico.

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.


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.
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