AbraPlata Resource TSX.V:ABRA (AbraPlata or the Company) (ABRA) (frankfurt:1AH) (otcqb:ABBRF) is pleased to announce that it has reached an agreement to acquire certain third party mineral rights that, as a result of a long-standing border dispute between two neighbouring provinces in northwestern Argentina, overlap, and potentially conflict with, the Company’s mineral rights to its Diablillos Ag-Au project.
The acquisition of the potentially conflicting mineral rights will allow the Company to retain its title to the Diablillos Ag-Au project regardless of the ultimate outcome of the provincial border dispute.
Hernan Zaballa, Executive Chairman of AbraPlata, said:
We are extremely pleased to finally resolve the overlapping claims situation at Diablillos.
The uncertainty created by the provincial border dispute has confounded previous operators in the past and, by owning the overlapping rights on both sides of the dispute, we have effectively removed a key obstacle to the further development of the Diablillos project.
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