AbraPlata Resource (AbraPlata or the Company) (TSX-V: ABRA; OTCQB: ABBRF; Frankfurt: 1AH) is pleased to announce that it has engaged Roscoe Postle Associates (RPA) of Toronto, Canada and GR Engineering Services Limited (GRES) of Perth, Australia to undertake a Preliminary Economic Assessment (PEA) of the Diablillos Ag-Au project located in southern Salta Province in northwestern Argentina.
The Diablillos property covers an area of some 79km2 and hosts epithermal precious metal mineralization in nine mineral occurrences. One of these, the Oculto Deposit, contains all the Indicated Resources known from the property which, as recently estimated by RPA, amounts to 27.7m tonnes at a grade of 91.2g/t Ag and 0.85g/t Au and containing 81.3m oz Ag and 755k oz Au (ie, 135m oz AgEq or 1.9m oz AuEq).
n addition, the Company is currently drilling-off additional mineralization at the Fantasma Mineralized Zone some 800m west of Oculto with a view to further defining and expanding the existing resource base from the property. This will allow AbraPlata to establish the parameters necessary for undertaking a PEA which will be completed by RPA and GRES over the next three to four months.