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The name “Argentina” comes from the Latin term “argentum”, which means silver. For AbraPlata (V.ABRA) the silver (and a good deal of gold) is found at the Diablillos property, which contains a Ag-Au epithermal deposit called Oculto, located in the far south of a province called Salta located in the northwestern part of the country.
AbraPlata Resource Corp. (TSX.V:ABRA) (OTC:ABBRF) (Frankfurt:1AH) (“AbraPlata” or the “Company”) is pleased to announce the completion of an independent Preliminary Economic Assessment (“PEA”) on the Company’s 100% owned Diablillos silver-gold project, located in Salta Province, Argentina. The results of the PEA demonstrate the potential technical and economic viability of establishing an open pit silver-gold mine with mill complex on the Diablillos property. Highlights of the PEA are provided in Table 1 and the forecast annual silver-equivalent (“AgEq”) production and head grades are shown in Figure 1.
AbraPlata Resource Corp. (“AbraPlata” or the “Company”) (TSX-V:ABRA) (OTC:ABBRF) (Frankfurt:1AH) is pleased to announce that the Preliminary Economic Assessment (“PEA”) of the Diablillos Ag-Au project is nearing completion and the Company expects to announce the results by the end of February 2018. The Company is also pleased to report that the contractual anti-dilution right (the “Anti-Dilution Right”) held by SSR Mining Inc. (formerly Silver Standard Resources Inc.) (“SSR Mining”) under the second amended and restated share purchase agreement dated March 21, 2017 (the “SSR Agreement”), which entitled SSR Mining to maintain a free carried 19.9% equity interest in the Company has now expired.