silver

Posts, updates and videos about silver – updated automatically.

Dog Days Of Summer

The junior exploration business in Canada follows a fairly predictable pattern: deploy drills as early in spring as the local climate allows, drill through the summer, begin reporting drill results in mid to late August and continue through until November.

Right now there are dozens of companies waiting for first results.

But this year is a little different.

With gold over $1500 USD and silver hitting $17.25 we look to be at the beginning of a significant precious metals rally. The first in nearly a decade. (We have already past the prices of the run-up in 2016.)

In a rally, good drill results will be multiplied as people look for a reason to buy exploration companies.

Typically the sequence in a rally is for the metals to increase in price, then the senior producers, then middle tier companies and, finally, after the rally has established itself, the junior explorers come into their own. But where the metal price is, at best, a 3x profit if you get the timing exactly right, junior explorer and developer shares can run 5-to 20x.

I’ve written a very short book on the performance of junior resource shares in a rally.

Gold $3000 | Silver $60 is available to pre-order at Amazon and will be delivered August 16th.

I wrote the book for my wife who wanted me to explain in simple terms why investing in junior exploration and development companies during a rally makes sense. After reading a couple of drafts, she’s convinced and she is a very tough sell.

So enjoy the last few days of summer and get ready for a wild ride in gold and silver juniors. Results are on their way. A few good “intervals” and we could be seeing the 5x and 10x moves which make the junior market the most exciting in the world.

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Goldplay’s Gold Mineralization Potential Continues to Grow at San Marcial

Goldplay Exploration Ltd. (TSXV: GPLYFRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce the continued growth in gold discovery potential at the Company’s San Marcial Project, Sinaloa, Mexico, with an update of the most recent surface results and newly discovered gold-silver exploration drill targets.

While the project is known for its silver NI 43-101 resource estimate (“Resource”) News Release dated 07 February, 2019, recent gold-focused exploration on targets peripheral to the Resource has yielded significant gold results from the Nava, Faisanes, Chachalaca and Guacamayo targets.

Goldplay’s highlights to date from targets peripheral to the Resource indicate a broad distribution of gold and silver over approximately 6 km of mineralized trend, from the Limoncillos target to the Micuines target (Figure 1). The following is a summary of recent results at these targets:

  • Nava – Sampling of artisanal tunnels identified visible gold from panning of low sulphidation quartz vein chip samples and channel sample results of up to 0.4 m* (0.4m) at 10.0 g/t Au1Trench channel sampling (SMtr-020) returned intervals up to 24 m (17.7 m) at 2.1 g/t Au, including 5.0 m (3.7m) at 4.0 g/t Au2. Both zones are currently being drilled to test continuity of the gold mineralization up to 150 meters beneath surface.
  • Chachalaca Micuines – Recent rock chip sample results identified on surface gold mineralization in a system similar to Nava with returns of up to 1.1 g/t Au. Historical rock chip samples at this target reported 1.0 m (0.9 m) at 13.3 g/t Au, 1.0 m (0.85m) at 7.9 g/t Au including six other samples rock chip samples averaging 1.0 m in length and grades ranging from 1.0 to 5.0 g/t Au. A trench/channel exploration program is currently underway to verify these encouraging gold results and obtain new sampling data, for the purpose of delineating new drill targets.
  • Guacamayo – a recent trench interval (SMtr-022) returned a wide zone of high-grade silver (Ag) as well as anomalous gold – 24 m at 219 g/t Ag and 0.25 g/t Au, including 1 m at 305 g/t Ag and 2.01 g/t Au3Approximately 100 m to the SW of SMtr-022, trench SMtr-019 intersected 5 m at 0.6 g/t Au. Goldplay is currently assessing the location of planned drill targets on this target.
  • Gold Discovery in the Resource Area – Recent assays of drill holes identified new gold mineralization outside of the Resource defining attractive new gold targets. Individual drill-core results included 1.5 m (1.0 m) at 2.5 g/t Au (SM-10-21), 12.3 m (8.4 mat 0.7 g/t Au (SM-20) and 47.0 m (12 m) at 0.2 g/t Au (SM-10-09)4 (Figure 2).
  • Faisanes – Drill hole SM-19-01 intersected 1 m (0.9 m) @ 204.6 g/t Au, immediately adjacent to the western edge of the Resource5. This represents a new gold mineralized zone outside of the Resource.

_____________________________

(*) – True Thickness

1 See News Release dated 16 April 2019

2 See News Release dated 10 July 2019

3 See News Release dated 22 May 2019

4 See News Release dated 18 September 2018

Goldplay President and CEO Marcio Fonseca commented“A year ago, our data indicated high-grade silver, lead and zinc at San Marcial. We have now added high-grade gold over multiple target areas covering approximately 6 km of trend prospective for gold and silver mineralization. Our current exploration program includes our Phase 1 drill program as well as continued surface exploration of new target areas with gold and silver potential. Drilling at Navais now underway with further holes planned for both Nava and Faisanes to expand on our recent successful gold discoveries. We continue to encounter new gold and silver mineralized zones, encouraging us to pursue additional exploration in the San Marcial Project. As of today, we have covered only half of the concession with a modern exploration program, opening up potential for additional discoveries”.

CURRENT DRILL PROGRAM

The Company is executing its San Marcial resource expansion strategy with its initial drill program at Faisanes and at Nava.

Phase I drilling at San Marcial brought immediate success with drill hole SM-19-01 intersecting a very high-grade gold interval of 1 m at 204.6 g/t Au at the Faisanes target on the western edge of the Resource (Figure 1). This high-grade gold intercept has been followed up with detailed geological and geochemical modelling. Findings from these newest studies strongly support further drilling along 600 meters of strike length at Faisanes in the Phase I drilling program. The discovery of a high-grade gold mineralized zone, associated with high grade silver and base metals (Pb-Zn), opens the exploration at San Marcial. The Company anticipates completing approximately 3 additional core drill holes at Faisanes during the current program to follow up on SM-19-01.

Drill hole SM-19-02 is currently underway testing the Nava gold target 150 meters beneath the broad gold interval in trench SMtr-020 that returned 24 m at 2.1 g/t Au (including 5 m @4.0 g/t Au). The Nava target is located 1.5 km west of the San Marcial resource area and approximately 1 km west of the Faisanes discovery. A 500 m-long gold mineralized zone has been defined at Nava. For further details, see News Release dated 10 July, 2019.

Additionally, the Company is actively focused on surface exploration along the 6 km long, NW-SE trending corridor between the Micuines and Limoncillo targets (Figure 1), including prospecting for discoveries of new high-grade Au-Ag zones. Any new gold and silver targets identified will be considered for drill testing during the current program.

GEOLOGY

Gold and silver mineralization are widespread at the GuacamayoResource and Faisanes targets (Figure 1) and is stratigraphically associated with a felsic volcanic sequence in the footwall below the San Marcial Fault. It is also associated with breccia-hosted silver mineralization of the NI 43-101 resource. The felsic volcanic sequence consists of dacitic (to rhyolitic) composition intercalated lapilli tuffs, flow banded and fine grained dacites (Figure 2). This association has been interpreted to be part of a dacitic dome structure.

Sulphides can be locally disseminated or massive within the volcanics, however narrow veins, that may incorporate quartz and/or carbonate, can also be sulphide rich. The veins may be discrete veins in places but may also appear form stockworks or breccias, locally. At Guacamayo, Resource and Faisanes, gold and silver appear to be closely associated with sulphide mineralization.

The recently discovered gold mineralization is typically defined by broad low-grade zones with locally higher-grade results, as shown by the recent exceptional drill result from SM-19-01 of 1 m at 204.6 g/t Au. To support this, the San Marcial drilling database contains 148 core assays above 0.2 g/t Au, however only nine of these are > 1.0 g/t Au. The majority (126) are in the range 0.2 to 0.5 g/t Au. Likewise, the Guacamayo surface sampling data base to date contains 35 samples > 0.2 g/t Au, however only two of these samples are > 1.0 g/t Au (maximum 2.0 g/t), with the majority (29) in the range 0.2 to 0.5 g/t Au. This represents evidence of a broad and continuous gold and silver mineralized system with opportunities for new discoveries with cost effective surface exploration and definition of drill targets to delineate high grade ore shoots.

Qualified Person

The scientific and technical data contained in this news release related to the San Marcial Project was reviewed and/or prepared under the supervision of Marcio Fonseca, P.Geo., a non-independent qualified person to Goldplay Exploration Ltd. who is responsible to ensure that the geological information contained in this news release is accurate and who acts as “qualified person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

Goldplay has implemented QA/QC procedures which include insertion of blank and standard samples in all sample lots sent to SGS de México, S.A. de C.V laboratory facilities in Durango, Mexico, for sample preparation and assaying. For every sample with results above Ag >100 ppm (over limits), these samples are submitted directly by SGS de Mexico to SGS Canada Inc in Burnaby, BC. The analytical methods are 4-acid Digest and Inductively Coupled Plasma Optical Emission Spectrometry with Lead Fusion Fire Assay with gravimetric finish for silver above over limits. For gold assays the analytical methods are Lead Fusion and Atomic Absorption Spectrometry Lead Fusion Fire Assay and gravimetric finish for gold above over limits.

The Company is pleased to announce that the Company has granted 710,000 stock options to directors, officers, and consultants of the company at an exercise price of $0.21 cents per option for a term of five years. Such options have been granted pursuant to the company’s 10-per-cent rolling stock option plan and are in accordance with policies within the TSX Venture Exchange.

The Company wishes to correct typographical errors contained in its July 30, 2019 news release. The correct disclosure should read as follows:

Drill Hole

From (m)

To (m)

Sample

Length (m)

True

Thickness

(m)

Grade Au

(g/t)

Grade Ag

 (g/t)

Grade

Pb

%

Grade

Zn

%

SM 19-01

47.4

51.4

4.0

Not sampled

SM 19-01

67.5

105.0

37.5

32.5

0.01

5

0.6

0.2

including

86.3

89.1

2.8

2.4

0.01

8

5.9

0.4

including

86.3

87.0

0.7

0.6

0.02

6

4.0

0.5

including

88.6

89.1

0.55

0.5

0.13

23

25

0.9

About Goldplay Exploration Ltd.

Goldplay has successfully consolidated a district-sized portfolio, owning >250 sq. km of mineral concessions in the historic Rosario gold-silver Mining District in the state of Sinaloa, Mexico. Its flagship project, San Marcial, consists of a 1,250 ha land package located south of the La Rastra and Plomosas historic mines. San Marcial is a near-surface, high-grade silver, lead, and zinc open pit amenable project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. Additionally, bonanza-grade gold was drilled in July 2019 at San Marcial, opening up the potential for further gold success. Goldplay’s 100% owned El Habal precious metals project is located 20 km west of the San Marcial Project. It comprises 3,700 hectares and is located 75 km southeast of the modern coastal port of Mazatlán, and 10 km on a paved road from the historic mining town of Rosario, Sinaloa, Mexico.

Goldplay’s current focus includes expanding its NI 43-101 resource estimate at the San Marcial project, which contains 36Moz Ag Eq (indicated) + 11Moz Ag Eq (Inferred), by defining new high-grade gold and silver targets along the project’s 6 km mineralized trend. Goldplay is the first company to perform exploration work at San Marcial in over 10 years. It is a low-risk development stage project, fully exploration permitted and supported by the local communities to carry out all proposed exploration activities. Only 500 m of the 6 km trend has been drilled to date, highlighting the significant potential for further discoveries. The Company has identified 8 high-priority targets along the 6 km trend and is currently drilling two high-priority targets at Faisanes and Nava. Some of these exploration targets consist of old shallow pits, caved shafts and historic shallow underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures in a felsic volcanic environment. Mapping and sampling by Goldplay have revealed evidence of dacite-rhyolite dome structures in a highly prospective geological environment for additional high-grade gold and silver discoveries.

The El Habal Project is a drill-stage project. Its oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historic shallow underground mining along a 6 km-long prospective corridor. The El Habal Project is located near the historic gold-silver Rosario Mine which operated for over 250 years.

Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries.

The NI 43-101 reports for each of the San Marcial and El Habal Projects are available on SEDAR.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. 

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

SOURCE Goldplay Exploration Ltd

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Bonanza Gold Grade all part of Goldplay’s San Marcial Story

Any exploration company CEO would be pleased to report a headline number of 204.6 grams per ton gold. For Goldplay (V.GPLY) CEO Marcio Fonseca, that is just the beginning. The drill result reported in the July 30 press release is part of a much larger story.

Fonseca is quoted in the press release as saying, “The high-grade gold-silver intercept is highly significant as it supports the Company’s goal of expanding the San Marcial resource.  It is the first time in approximately 10 years that any type of exploration work has been carried out on the project. One year ago, our data indicated high-grade silver, lead and zinc at San Marcial. Today, we have added high-grade gold.  We are committed to continue systematic exploration and drill programs at San Marcial.”

“What we found in this hole,” said Fonseca in a phone interview, “Is one meter of high-grade gold. That meter was part of a much wider interval. It is not a vein, it is part of a disseminated and massive sulfide hosted in volcanic rocks.”

In fact, Goldplay found the high-grade Au-Ag disseminated sulfide mineralization was surrounded by similar host rock within a  five meters wide zone. The drill hole itself was drilled under the discovery trench which was reported in February. This trench showed high silver values, up to 472 grams per ton silver, and the intention with the diamond drill hole was to look down-dip from that trench, but attractive geology drove management to continue drilling.

“This is an area a short distance away from our maiden resource,” said Fonseca. “There are older workings, some dating back to the 1800’s, along what we believe is an approximately 600 meter-long Faisanes target zone.”

V.GPLY, Goldplay Exploration, gold, silver, Mexico

“These old workings are very shallow. A ten-meter tunnel or a five-meter shaft,” said Fonseca. “Our concession has never been worked by a large gold-silver mining company.”

Goldplay is actively studying the geology of its target area. To do that this first hole only went down 75 meters below the surface, although it was 280 meters long. “As we were drilling,” said Fonseca. “We started seeing more and more sulphides.”

Fonseca, with his training as a professional geologist and his decades of experience in large mining companies and as an investment banker focussed on mining, is taking a very methodical, strategic approach to the exploration of the San Marcial Project aiming at more discoveries.

“Right now, we have the drill at our other target, the Nava, where we recently discovered 24 m @ 2.0 g/t, which is 1.5 km west of the San Marcial resource area and approximately 1 km west of the Faisanes discovery,” said Fonseca. “We are doing surface work in the Faisanes zone and we want to determine if the mineralization is continuous over the 600 meters.”

Working on these two targets while already having a 43-101 compliant high-grade silver resource  (47 Moz Ag Eq), with potential to be an open-pit project, is all part of Goldplay’s strategy of showing the market that it can extend the resources at the San Marcial project.

“Our concession is 6 kilometres long and we have only explored about half of it,” said Fonseca. “We have the silver and now we are discovering a lot of gold.”

The drilling in the Nava zone is expected to be completed soon and then the drill will be brought back to the Faisanes zone. There Goldplay will drill an additional three holes each some distance away from the initial discovery hole reported today.

“This is not a narrow vein story,” said Fonseca. “It is not a traditional story at all. What we are looking at is mineralization which is widespread, shallow, pitable and likely attractive as a low-cost development story.”

The market reacted to Goldplay’s announcement with V.GPLY up $0.045 to $0.22 on the discovery news. However, a bonanza grade discovery likely has another effect in the market. It draws attention to the company and the company’s strategy. Strategically, this means that Goldplay will have an eager and growing audience for what is anticipated to be a continuous news flow as the results from the drilling and trench programs are reported.

“Larger players might be taking a closer look at the San Marcial story,” said Fonseca.

Asked about the public market’s interest, Fonseca allowed, “I’m getting more calls.”

 

 

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Goldplay’s First Drill Hole Intersects 204.6 g/t Gold at San Marcial

Goldplay Exploration Ltd. (TSXV: GPLYFRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce a high-grade gold intersection from its first core drill hole at the San Marcial Project (“San Marcial”), Sinaloa, Mexico.

Drill highlights at the Faisanes target (“Faisanes”) include:

  • Drill hole SM 19-01 intersected 1 m @ 204.6 g/t Au, defining a new gold mineralized zone close to surface, immediately adjacent to the western edge of the San Marcial NI 43-101 resource* (“resource area”).
  • 32 m wide hydrothermal breccia hosting a series of high-grade Pb-Zn-Ag massive sulphide veins.
  • Discovery of high-grade Au-Ag shallow mineralization beneath old workings.
  • Drilling at Faisanes is following up a recent surface channel sample that returned 56 m @ 196 g/t Ag.

THE STRATEGY

Phase I drilling at Faisanes is currently testing the continuity and dip of a newly discovered mineralized system identified by recent surface channel sampling. This system contains a wide, high-grade Ag-Pb-Zn-Au mineralized zone, of which channel sample results returned up to 56 m @ 196g/t Ag including 15 m @ 472 g/t Ag (news release 21 February 2019). The Company is actively focused on surface and drilling exploration along the 600 m long Faisanes zone (Figure 01), including prospecting for discoveries of new high-grade Au-Ag zones.

Goldplay President and CEO Marcio Fonseca commented“The high-grade gold-silver intercept is highly significant as it supports the Company’s goal of expanding the San Marcial resource.  It is the first time in approximately 10 years that any type of exploration work has been carried out on the project. One year ago, our data indicated high-grade silver, lead and zinc at San Marcial. Today, we have added high-grade gold.  We are committed to continue systematic exploration and drill programs at San Marcial”.

DRILLING THE NAVA TARGET AS WELL

The Nava target (“Nava”) is located 1.5 km west of the San Marcial resource area and approximately 1 km west of the Faisanes discovery, where recent surface sampling reported continuous gold mineralization and visible gold, notably:

  • 24 m @ 2.1 g/t Au including 5 m @ 4.0 g/t Au

500 m long gold mineralized zone has been defined at Nava. For further details, see news release 10 July 2019.

The Company is executing its San Marcial resource expansion strategy with its drill programs at Faisanes and at Nava.

GEOLOGY

Faisanes comprises an extension along-strike of the silver-lead-zinc mineralization defined in the resource area. Gold-silver low sulphidation epithermal mineralization at Faisanes is hosted in hydrothermal breccia and lapilli tuff intercalated with flow-banded dacite. The first drill results have identified a 32 m wide hydrothermal breccia zone hosting multiple intersections of high-grade Pb-Zn-Ag mineralization. In addition to the breccia, a sulphide-rich lapilli tuff hosting a high-grade gold-silver zone has been defined in a 1m interval within a larger 4 m interval of the same rock type and sulphide dissemination that returned much lower grades in the 0.1 to 0.2 g/t range.

The first drill hole (SM 19-01) was drilled 75 meters below surface, confirming mineralization previously identified by trenching (Trench 01) and shallow old workings.

SM 19-01 discovered a new Ag-Pb-Zn breccia hosted mineralization close to the resource area as well as the new Au-Ag zones. The following table summarizes the most significant drill assay results (uncut, undiluted) from SM 19-01.

Table 1 Assay results from SM 19-01

Drill Hole

From (m)

To (m)

Sample 
Length (m)

True 
Thickness 
(m)

Grade Au 
(g/t)

Grade Ag

 (g/t)

Grade 
Pb

%

Grade 
Zn

%

SM 19-01

46.65

47.4

0.75

0.6

0.01

248

0.17

0.08

47.4

51.4

53.0

Not 
sampled

51.4

58.5

7.1

6.1

0.05

69.3

0.2

0.4

SM 19-01

67.5

105

37.5

32.5

0.01

5

0.6

0.2

including

86.3

89.1

2.8

2.4

0.01

8

59

4

New Discovery – High-Grade Au- Ag Disseminated Sulphide-Veinlets – Lapilli Tuff

SM 19-01

126

127

1.0

0.9

204.6

155

0.03

0.07

SM 19-01

136

138

2.0

1.7

0.03

18

0.3

0.6

165

177

12.0

10.4

0.01

8

0.2

0.4

All numbers are rounded. Mineralized zones are calculated allowing for maximum 2 m of internal waste, using cut-off grades of 0.1 g/t Au, 30 g/t Ag, 0.2% Pb and 0.2 % Zn to define the broad, mineralized zone.

The hydrothermal breccia hosts a series of massive sulphide (galena-sphalerite) intersections in veins/stockworks (Figure 02), trends NW to SE, and dips approximately 70 degrees. It hosts a high-grade, massive base metal mineralization, 2.8 m @ 59 % Pb and 4% Zn warrants testing of similar surface targets identified within the exploration concession.

The high-grade gold results (Figure 03), have been followed up with detailed geological and geochemical modelling. The sum of this work strongly supports Goldplay’s plans to conduct further drilling along strike on Faisanes.

The discovery of a high-grade precious (Au-Ag) and base metals (Pb-Zn) mineralized zone opens the exploration at San Marcial and confirms a highly prospective geological environment for additional gold and silver discoveries. The Company anticipates completing approximately 3 additional core drill holes at Faisanes in Q3/19 to follow up on SM 19-01.

Qualified Person

The scientific and technical data contained in this news release related to the San Marcial Project was reviewed and/or prepared under the supervision of Marcio Fonseca, P.Geo., a non-independent qualified person to Goldplay Exploration Ltd. who is responsible to ensure that the geological information contained in this news release is accurate and who acts as “qualified person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

Goldplay has implemented QA/QC procedures which include insertion of blank and standard samples in all sample lots sent to SGS de México, S.A. de C.V laboratory facilities in Durango, Mexico, for sample preparation and assaying. For every sample with results above Ag >100 ppm (over limits), these samples are submitted directly by SGS de Mexico to SGS Canada Inc at Burnaby, BC. The analytical methods are , 4-acid Digest and Inductively Coupled Plasma Optical Emission Spectrometry with Lead Fusion Fire Assay  with gravimetric finish for silver above over limits. For gold assays the analytical methods are Lead Fusion and Atomic Absorption Spectrometry Lead Fusion Fire Assay and gravimetric finish for gold above over limits.

About Goldplay Exploration Ltd.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay’s current focus includes resource expansion and exploration aiming new gold and silver discoveries at the San Marcial Project, as well as a follow up exploration program at the El Habal Project.

The San Marcial land package consists of 1,250 ha, located south of the La Rastra and Plomosas historical mines and 20 km from the Company’s 100% owned El Habal Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive, near-surface high-grade silver, lead and zinc open pit project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. The NI 43-101 has defined a high-grade potential open pittable Ag project, attractive for future development. It is a low risk resource development stage project, fully permitted for all exploration activities and with support and authorization by local communities to carry out all necessary work on the project.

San Marcial exhibits significant exploration upside supported by recent regional exploration program completed by Goldplay, increasing the knowledge of the extension of the mineralized system from 500 meters to 6 km by delineation of additional 8 targets for future drilling. Some of these exploration targets consist of old shallow pits, caved shafts and historical underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures in a felsic volcanic environment, with field and sampling evidence dacite-rhyolite dome structures in a highly prospective geological environment for gold and silver discoveries.

The El Habal Project is a drilling stage project. The oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historical shallow underground mining along a 6 km long prospective corridor. The El Habal Project is located near the historical gold-silver Rosario Mine which reportedly operated for over 250 years. Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries. A current NI 43-101 report on the El Habal Project is filed on SEDAR.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

*click here for a link to the report of the March 2019 NI 43-101 resource update

SOURCE Goldplay Exploration Ltd

For further information: +1 (604) 202 3155, Email: info@goldplayexploration.com

Related Links

http://www.goldplayexploration.com/

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Sprott on Silver

“Silver, in particular, has the potential to outperform gold significantly. For example, in the wake of the global financial crisis, the gold-to-silver ratio plummeted from 80:1 bottoming at 32:1, with the silver price topping out at ~$50/ounce. Recently the ratio hit a record 93:1, while the price is sitting at around $16/ounce. Yesterday, the ratio stood at 89:1 as shown in Figure 2.

This leaves significant room for silver to run. The annual silver market is only about $15 billion of value, and it does not take much to move silver’s price. Silver demand is already making a stealth comeback with the U.S. mint reporting a 43% increase in silver coin sales year-to-date as of June 30 and with ETFs gathering steam. If this investor interest continues, it will definitely push the silver price higher. (Sprott)

Sprott has always been bullish on precious metals and Eric Sprott himself has been instrumental in funding a wide variety of gold and silver plays. It is interesting that Sprott media sees silver as outperforming gold in the mid-term.

 

 

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Hi Ho Silver!

It is early days but the spot price of silver is flirting with USD 16.00.

Silver is an interesting, heartbreaking, commodity. For years at a time it putters along, gold’s dowdy sister; but once in a while, it takes off. And when it runs silver can easily double in a few weeks.

For silver explorers like Goldplay Exploration (V.GPLY) or near producers like Bayhorse Silver (V.BHS) a rise in the price of silver makes financing a lot easier to find. In Bayhorse’s case, the all in cash costs of mining, processing and refining its material are estimated to be less than USD $10.00 and ounce. Likely a lot less. $13 silver would make the mine generate free cash flow, $16 silver would mean the mine generated a lot of free cash flow; but if silver managed to range up to $20 or $25, the Oregon mine would be very profitable indeed. Trading at $0.085 Bayhorse could be an opportunity for investors to get into the silver world at an attractive entry point.

Goldplay is not as advanced as Bayhorse but it does have a 43-101 compliant resource estimate with an indicated resource of 36 million ounces and an inferred resource of 11 million ounces. CEO Marcio Fonseca is exploring the property methodically but the 43-101 resource could well be purchased by a senior silver miner.

In past Precious Metals rallies the metals themselves tend to go up first, then the senior and mid-tier companies producing, then junior producers and finally the explorers. However, the effect of the rise in senior and mid-tier producers share prices ripples through to the juniors in that in M&A situations the senior miners can use their shares to pay out the junior miners’ shareholders.

As I said, it is early days but precious metals, particularly silver, can explode literally overnight.

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The Gold in Goldplay Exploration

Just off the phone with Marcio Fonseca, CEO of Goldplay Exploration (V.GPLY). I am writing up our conversation now but the key takeaway is that today’s news release is the beginning of a significant news flow with drill results and trenching results on no less than eight target areas coming over the next few months.

Goldplay already has a 43-101 compliant resource estimate for its silver target which is well to the east (along strike) of the Nava gold target which was reported today.

With the firming precious metals markets, Goldplay’s expected news flow could be exactly what smart investors will be looking for here in the dog days of summer.

We’re hoping to have the interview up at motherlodetv.net later on tomorrow.

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Goldplay’s Nava Gold Discovery Continues to Grow as New Surface Continuous Channel Sampling Returns Wide Gold Intersection of 24 m at 2.1 g/t Au, Including 5 m @ 4.0 g/t Au

Goldplay Exploration Ltd. (TSXV: GPLYFRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce that a broad high grade gold (Au) zone has been encountered, on surface, at the Nava Target, 300 m along strike, west of the original gold bearing Nava trenches at the San Marcial Project, Sinaloa, Mexico, as recently announced (see News Release dated 16 April 2019).

High grade gold results of up to 10 g/t Au from previous channel sampling in shallow historical underground tunnels at the Nava discovery have been followed up by high grade gold in surface channel sampling along strike, up to 9 g/t Au, suggesting the possibility of a significant expansion to the size of the Nava Target and defining an immediate drilling target.

The Nava gold discovery is located approximately 1.5 kilometres to the west (Figure 1) of the San Marcial NI 43-101 resource (see News Release dated 7 February 2019), supporting an attractive gold-silver mineralized corridor for discoveries and potential resource expansion within the San Marcial Project. The Nava discovery is a wide zone with pervasive hydrothermal alteration (silicification + hematite), at least 500 meters long x 100 m wide (Figure 2), hosting banded quartz veining and stockwork mineralization.

A broad 42 m (31 m true thickness) wide gold mineralized zone was intersected in the latest surface channel sampling program at trench SMtr-020 – including 24 m at 2.1 g/t Au, 5 m at 4.0 g/t Au and an additional 5m zone at 3.5 g/t Au (Table 1). Figure 3 displays the continuity and consistency of gold grades, up to 9 g/t Au, within the main 24 m interval of the channel and a lower grade halo immediately on the footwall of the mineralize zone.

The discovery of this new gold mineralized channel opens up the possibility of connecting the mineralized zone previously discovered at SMtr-003 with SMtr-020 with still significant exploration potential for discovery of new gold mineralization along the strike in the Nava target.

Goldplay President and CEO Marcio Fonseca commented“A high grade gold zone containing 24 m at 2.11 g/t Au, has provided the Company with encouragement that the Nava target could host a significant body of gold mineralization in a low sulphidation epithermal system. Located west of the previous Nava trenches, it opens up a large unexplored area between the trenches and along strike for additional exploration potential for new discoveries in the San Marcial Project. The drilling program in progress will test below these two Nava target areas for depth continuity and additional understanding of the mineralized system.”

Table 1 Nava Zone – Gold results from Trench SMtr-020

Trench

From (m)

To (m)

Sample Length (m)

True Thickness (m)

Grade Au (g/t)

Cut-off grade Au (g/t)

SMtr-020

7.0

8.0

1.0

*

0.4

0.1

12.0

16.0

4.0

*

0.2

0.1

20.0

28.0

8.0

*

0.2

0.1

49.0

102.0

53.0

*

Not sampled

and

124.0

148.0

24.0

17.7

2.1

0.1

including

124.0

129.0

5.0

3.7

4.0

2.0

and

132.0

133.0

1.0

0.8

5.5

2.0

and

143.0

148.0

5.0

3.7

3.5

2.0

148.0

166.0

18.0

13.3

0.2

0.1

Channel lengths are measured along each trench commencing at the northern end. True thickness from 120m to end of trench estimated based on interpreted orientation of host geology. All numbers are rounded. Mineralized zones are calculated allowing for maximum 2 m of internal waste, using cut-off grades of 0.1 g/t to define the broad, mineralized zone and 0.5g/t for the wide gold intersection of 24 m @ 2.1 g/t Au

The Nava Zone consists of a set of NE trending gold mineralized epithermal quartz veins, as well as a zone of intense stockwork. The veins are interpreted to be in a low sulphidation regime and hosted within a porphyritic dacite and a lapilli tuff unit, in proximity to the contact between lapilli tuff and porphyritic dacite package (Figure 4). The most recent geological exploration in the San Marcial project are supporting the interpretation of possible dacitic dome-style mineralization in a typical low sulfidation epithermal system. The Nava Zone has no previous drilling.

As recently reported (see News Release dated 16 May 2019), Goldplay is progressing diamond drilling program at its San Marcial Project, including not only drilling in the vicinities of the resource area, aiming resource expansion, but also in the new discovered exploration targets. The company has planned two shallow diamond drill holes at Nava (Figure 2) to test, firstly below the high grade SMtr-020 trench and, secondly, to test depth extensions below the eastern zone which consists of mineralized trenches SMtr-002 and SMtr-003, and underground tunnels with grades previously reported up to 10 g/t Au.

Figure 4 shows a cross section of the first proposed drill hole at Nava and the interpreted extension of the mineralization below the SMtr-020 high grade gold trench, which Goldplay will drill test at a vertical depth of approximately 150 m.

The Company has placed a high priority on exploration activities at Nava following this gold discovery supported by 500 m strike length of gold mineralization associated with a pervasive alteration and intensive stockwork system. This defines a potential open pit target for future drilling and resource definition.

Geological mapping and additional surface channel sampling will be carried out to also test for extensions of the mineralization along strike to the ENE and WSW. The main objective is to define potential links with other targets to the north of Nava (3), such as Chachalaca (9) and Micuines (8) (Figure 5), which defines an exploration corridor of at least 2.5 km along the strike. The Company continues to advance surface exploration at other targets at the San Marcial Project as identified by soil and rock sampling in the exploration program completed in the first half of 2019.  

Qualified Person

The scientific and technical data contained in this news release related to the San Marcial Project was reviewed and/or prepared under the supervision of Marcio Fonseca, P.Geo., a non-independent qualified person to Goldplay Exploration Ltd. who is responsible to ensure that the geological information contained in this news release is accurate and who acts as “qualified person” under the National Instrument 43-101 Standards of Disclosure of Mineral Projects.

Quality Assurance Program and Quality Control Procedures (“QA/QC”)

Goldplay has implemented QA/QC procedures which include insertion of blank and standard samples in all sample lots sent to SGS de México, S.A. de C.V laboratory facilities in Durango, Mexico, a subsidiary of SGS Canada Inc, for sample preparation and assaying.

About Goldplay Exploration Ltd.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay’s current focus includes resource expansion and exploration aiming new gold and silver discoveries at the San Marcial Project, as well as a follow up exploration program at the El Habal Project.

The San Marcial land package consists of 1,250 ha, located south of the La Rastra and Plomosas historical mines and 20 km from the Company’s 100% owned El Habal Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive, near-surface high-grade silver, lead and zinc open pit project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. It is a low risk resource development stage project, fully permitted for all exploration activities and with support and authorization by local communities to carry out all necessary work on the project.

San Marcial exhibits significant exploration upside supported by regional exploration programs completed by previous operators who identified 14 exploration targets within its 100% Goldplay-owned concessions. Some of these exploration targets consist of old shallow pits, caved shafts and historical underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures, with field and sampling evidence of a highly prospective geological environment for gold and silver discoveries.

The El Habal Project is a drilling stage project. The oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historical shallow underground mining along a 6 km long prospective corridor. The El Habal Project is located near the historical gold-silver Rosario Mine which reportedly operated for over 250 years. Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries. A current NI 43-101 report on the El Habal Project is filed on SEDAR.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

SOURCE Goldplay Exploration Ltd

For further information: +1 (604) 202 3155, Email: info@goldplayexploration.com

Related Links

http://www.goldplayexploration.com/

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Goldplay Announces its 2019 Drilling Program at its San Marcial Project in Sinaloa, Mexico

Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce details of its 5,000 metre diamond core drilling program at the San Marcial Project (the “Project”) in the Rosario Mining District, Sinaloa, Mexico. The objective of the 2019 program will be three-fold: to expand the current NI 43-101 silver (“Ag”) resource by drilling the Faisanes target; to define a new gold (“Au”) resource at the Nava target;  and to investigate newly discovered zones along the Faisanes-Nava Corridor (Figure 1).

The drilling program will be comprised of two phases. During Phase I, approximately 5,000 metres of shallow drilling (250 m to 300 m) will be completed aiming to define shallow down dip and along strike continuity of mineralization already outlined by recently completed surface exploration and sampling programs. At the Faisanes target, the drilling will focus on wide intersections at surface located adjacent to the existing San Marcial resource area. It will investigate down dip and along strike extensions of high grade silver mineralization, including 56 m @ 196 g/t Ag (see News Release February 21, 2019), as well as mineralization recently identified in trenches along a strike length extending 600 m to the west of the San Marcial resource area (Figure 2). The 600 m long Faisanes target compares with the 500 m strike length of the San Marcial resource area, which represents an immediate opportunity for resource expansion.

At the Nava target, the recently discovered wide gold mineralization, 40 m @ 0.7 g/t Au (see News Release May 7, 2019), represents a low sulphidation epithermal system with a potential strike length of 500 m. The proposed shallow drilling program will investigate down dip and along strike continuity of the mineralization in the zone defined by Goldplay’s recent trenching (Figure 3), and later expand 400 m towards the western extension of the mineralized zone.

The Company anticipates drilling other highly prospective areas in the Faisanes-Nava Corridor where there is evidence of a favorable geological setting to host Au-Ag mineralized zones associated with old workings.

The Company is fully permitted to drill up to 69 drill holes and has obtained all land access and legal permits to carry out all exploration activities including drilling at the San Marcial Project. Subject to results of the Phase I drilling program described above, the company is anticipating further drilling in late 2019 and early 2020 with a Phase II drilling program. The Phase II will aim not only to expand the Au and Ag mineralization further down dip and along strike, but also to investigate eight exploration targets located along a 6 km trend outside of the 500 m long San Marcial resource area (Figure 4).

Goldplay President and CEO Marcio Fonseca commented, “Goldplay’s strategy for San Marcial is to achieve a material increase in the high-grade resources by drilling the new targets in the vicinity of the current resource over the next six months. The Company has built a robust and attractive high-grade silver, potentially open pit, project and the recent discovery of Au targets has transformed the San Marcial Project into a multi-commodity resource-development stage project. Our successful exploration program has enabled Goldplay to discover eight targets in a short period of time, making the San Marcial Project one of the most attractive projects in the Rosario Mining District. We look forward to moving forward with drilling and exploration with the goal of identifying significant tonnage of high-grade material which will continue to dramatically improve the attractiveness of the San Marcial Project.

The Company has engaged a drilling contractor to immediately commence drilling on the San Marcial property. This initial drilling program is expected to be for up to 5,000 meters at the newly discovered Faisanes and Nava targets. Subject to the approval of the TSX.V, the Company intends to issue common shares to the drilling contractor for the services provided in regard to this Phase I work program, with the number of shares and share price being determined at the market price at the time the work has been completed, in compliance with the policies of the TSX.V.

About Goldplay Exploration Ltd.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay’s current focus includes resource expansion at the San Marcial Project, as well as a follow up exploration program in the 100% owned exploration portfolio. Goldplay is one largest concession holders in one of the most prolific mining districts in Mexico, controlling strategic concessions next to large gold and silver producers in Mexico.

The San Marcial land package consists of 1,250 ha, located south of the La Rastra and Plomosas historical mines and 20 km from the Company’s 100% owned El Habal Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive, near-surface high-grade silver, lead and zinc open pit project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. It is a low risk resource development stage project, fully permitted for all exploration activities and with support and authorization by local communities to carry out all necessary work on the project.

San Marcial exhibits significant exploration upside supported by regional exploration programs completed by previous operators who identified 14 exploration targets similar to San Marcial within its 100% Goldplay-owned concessions. Some of these exploration targets consist of old shallow pits, caved shafts and historical underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures.

The El Habal Project is a drilling stage project. The oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historical shallow underground mining along a 6 km long prospective corridor. The El Habal Project is located near the historical gold-silver Rosario Mine which reportedly operated for over 250 years. Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries. A current NI 43-101 report on the El Habal Project is filed on SEDAR.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

SOURCE Goldplay Exploration Ltd

For further information: +1 (604) 202 3155, Email: info@goldplayexploration.com

http://www.goldplayexploration.com/

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Jonathan Rubenstein and Derek White Appointed to Advisory Board

Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”) is pleased to announce the appointment of two highly regarded mining executives, Jonathan Rubenstein and Derek White, to the Company’s Advisory Board. The Company’s Advisory Board was created to bring in members with experience in business development, equity markets and the natural resource sector to advise the Company’s management and Board of Directors.

Jonathan Rubenstein

Mr. Rubenstein is Chairman of the Board of MAG Silver Corp. (TSX: MAG, NYSE A: MAG) and a professional director, currently also serving on the Boards of Roxgold Inc. (TSX: ROXG). Mr. Rubenstein’s career in the mining sector has included a wide range of functions for both junior and major mining companies, including managing public and private corporate activities, securities matters, and negotiating financings in Merger and Acquisitions transactions, totaling several billions of dollars in value. He has been directly involved with asset acquisitions, joint venture agreements, and other deals involving governments, regulators, banks, and local populations. He has played key roles on Special Committees, dealing with corporate, commercial and strategic matters, corporate planning and structuring, contract negotiation and management, litigation and arbitration, and regulatory compliance management. Mr. Rubenstein holds a Bachelor of Arts degree from Oakland University and a LL.B. from the University of British Columbia. He practiced law until 1994 and was a senior officer in several mining companies until late 2005. Mr. Rubenstein obtained his Accredited Director designation in 2011 and has also been a member of the Institute of Corporate Directors since 2011.

Derek White

Derek White is President & CEO of Ascot Resources Ltd. (TSX-V: AOT) and has over 30 years of experience in the mining and metals industry. He holds a degree in Geological Engineering from the University of British Columbia and is also a Chartered Professional Accountant. Prior to joining Ascot Resources Ltd., Mr. White was the Principal of Traxys Capital Partners LLP, a private equity firm specializing in the mining and minerals sectors. Mr. White was President and CEO of KGHM International Ltd. from 2012 to 2015, and also held the positions of Executive Vice President, Business Development and Chief Financial Officer of Quadra FNX Mining Ltd. from 2004 to 2012. Mr. White has held executive positions with International Vision Direct Ltd., BHP-Billiton Plc, Billiton International Metals BV and Impala Platinum Ltd., in Vancouver, Toronto, London, The Hague, and Johannesburg. Mr. White is also an ICSA Accredited Director.

Both Mr. Rubenstein and Mr. White commented “We are very excited to become involved with Marcio and his team on Goldplay’s current projects in Mexico, and to further the Company’s vision to become a consolidator of the multi-million ounce historic Rosario Mining District in Mexico“.

Goldplay President and CEO Marcio Fonseca commented “Goldplay is thrilled to have Mr. Rubenstein and Mr. White join our Advisory Board. Both individuals are highly respected executives in the resource industry bringing invaluable experience in the sector, public markets and corporate development, to accelerate Goldplay’s growth”

About Goldplay Exploration Ltd.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay’s current focus includes resource expansion at the San Marcial Project, becoming an emerging consolidator in a multi-million ounce historic mining district in Mexico. Goldplay is one largest concession holders in one of the most prolific mining districts in Mexico, controlling strategic concessions next to large gold and silver producers in Mexico.

The San Marcial land package consists of 1,250 ha, located south of the La Rastra and Plomosas historical mines and 20 km from the Company’s 100% owned El Habal Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive, near-surface high-grade silver, lead and zinc open pit project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. It is a low risk resource development stage project, fully permitted for all exploration activities and with support and authorization by local communities to carry out all necessary  work on the project.

San Marcial exhibits significant exploration upside supported by regional exploration programs completed by previous operators who identified 14 exploration targets similar to San Marcial within its 100% Goldplay-owned concessions. Some of these exploration targets consist of old shallow pits, caved shafts and historical underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures.

The El Habal Project is a drilling stage project. The oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historical shallow underground mining along a 6 km long prospective corridor. The El Habal Project is located near the historical gold-silver Rosario Mine which reportedly operated for over 250 years. Goldplay’s team has over 30 years of experience with senior roles in exploration, financing, and development in the mining industry, including over ten years of extensive exploration experience in the Rosario Mining District, leading to previous successful discoveries. A current NI 43-101 report on the El Habal Project is filed on SEDAR.

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company’s current expectations. When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company. Risks and uncertainties may cause actual results to differ materially from those contemplated in those forward-looking statements and information. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Mr. Marcio Fonseca
P. Geo, President & CEO
Goldplay Exploration Ltd.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

SOURCE Goldplay Exploration Ltd

For further information: +1 (604) 202 3155, Email: info@goldplayexploration.com

http://www.goldplayexploration.com/

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