BUENOS AIRES, Argentina, Nov. 16, 2017 (GLOBE NEWSWIRE) -- AbraPlata Resource Corp (TSX.V:ABRA) (OTCQB:ABBRF) (Frankfurt:1AH) ("AbraPlata" or the "Company") is pleased to announce that PhotoSat has completed satellite surveying of the Ag-Au Diablillos Project in the Salta Province and delivered all the data to the company. The surveying was carried out using stereo photos from the high-resolution DigitalGlobe WorldView-3 imaging satellite. The satellite survey consists of an elevation point every meter, contours with 1m elevation intervals, and the review and verification of the survey coordinates of 245 drill holes on the property.
A PDF accompanying this announcement is available at: http://www.globenewswire.com/NewsRoom/AttachmentNg/d1ba3d31-7e72-4044-b719-65c47f956860
“We are pleased to have had access to the world’s highest quality image satellites and Photosat’s cutting-edge satellite surveying technology to produce a high quality base map for the Diablillos property,” commented AbraPlata’s Chairman, Hernan Zaballa, adding that: “These data form the foundation for the ongoing Preliminary Economic Assessment and will greatly assist in the compilation and interpretation of all past and current exploration data.”
The PhotoSat survey was registered to the ground reference points collected by AbraPlata (Figure 1). The survey elevations were converted to heights above the EGM2008 Geoid (Figure 2). Stereo WorldView-3 satellite photos were then taken on September 12, 2017, and the data were processed by PhotoSat using their proprietary geophysical stereo satellite elevation system. PhotoSat produced surveyed elevation surfaces for the Diablillos property (Figure 3 and 4) to an accuracy of 20cm in elevation.
About PhotoSat
Vancouver-based PhotoSat, founded in 1993, has invented a new technology to produce highly accurate satellite survey data. PhotoSat specializes in elevation surveying for civil engineering infrastructure projects and the planning and design of resource development projects. Their clients are oil and gas, mining, oil sands, engineering, and environmental companies and government agencies. PhotoSat’s expertise in geophysical data processing methods combined with extensive experience has resulted in the world’s most accurate satellite surveying. They have delivered over 850 surveying projects, and produce data with better than 20cm elevation accuracy. For more information about PhotoSat, visit www.photosat.ca
About AbraPlata
AbraPlata is a junior mining exploration company focused on delivering shareholder returns by unlocking mineral value in Argentina. The Company's experienced management team has assembled an outstanding portfolio of gold, silver and copper exploration assets, and is focused on expanding and advancing its flagship Diablillos property, with an Indicated Resource of 81.3m oz Ag and 755k oz Au. In addition, AbraPlata owns the highly prospective Cerro Amarillo property with its cluster of five mineralized Cu-(Mo-Au) porphyry intrusions located in a mining camp hosting the behemoth El Teniente, Los Bronces, and Los Pelambres porphyry Cu-Mo deposits. Further exploration work is also planned for the Company’s Samenta porphyry Cu-Mo property south of First Quantum’s TacaTaca project as well as its Aguas Perdidas Au-Ag epithermal property.
Qualified Person
Willem Fuchter, PhD PGeo, President & CEO of AbraPlata Resource Corp. and a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the information contained in this news release.
ON BEHALF OF THE BOARD
ABRAPLATA RESOURCE CORP.
"Willem Fuchter"
Willem Fuchter
President & Chief Executive Officer
For further information concerning this news release, please contact:
Willem Fuchter
President &Chief Executive Officer
AbraPlata Resource Corp.
Tel: +54.11.5258.0920
E-mail: willem@abraplata.com
Rob Bruggeman
Investor Relations
AbraPlata Resource Corp.
Tel: +1.416.884.3556
Email: rob@abraplata.com
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur are forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information about AbraPlata and its projects, please visit the Company’s website at www.abraplata.com.
