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Explorer Discovers High-Grade Silver in Target at Mexico Project
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These results suggest upside potential in expanding the resources there further.

Goldplay Exploration Ltd. (GPLY:TSX.V; GLYXF:OTCQB) announced in a news release that test results from one trench revealed a high-grade silver zone that extended mineralization from the resource area to the Faisanes target at the San Marcial silver-lead-zinc project in Mexico.

Channel sampling of the SMtr-001 trench, 113 meters (113m) long and located in the Faisanes target, showed a broad area of mineralization with a true thickness of about 56m and an average grade of 196 grams per ton silver (196 g/t Ag).

Two distinct high-grade zones exist in that broad area, suggesting they could be mined via open pit. One zone has an estimated true thickness of 15m at 472 g/t silver, and the other, 14.6m at 211 g/t silver.

"These excellent silver results from trench SMtr-001 are highly encouraging as Goldplay strives to expand the silver resource at the San Marcial Project," President and CEO Marcio Fonseca said in the release.

These results "suggest that mineralization from the resource area may be continuous into the adjacent Faisanes area, with definition of parallel zones," Fonseca stated. The significant widths of high-grade silver suggest there is upside potential in expanding the resources.

In fact, Goldplay plans additional trenching to further investigate the mineralization delineated at Faisanes, along strike to the west-northwest.


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.
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