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UNLOCKING VALUE IN ARGENTINA
TSX-V: ABRA OTCQB: ABBRF
Our principal project is Dihttps://www.abraplata.com/diablillosablillos which contains a Ag-Au epithermal deposit called the Oculto Deposit for which a mineral resource has been estimated. The current Indicated Resource for the Oculto Deposit, as estimated by RPA of Toronto in November 2016, amounts to 27.7m tonnes at 91.2g/t Ag and 0.85g/t Au containing 81.3m oz Ag and 755k oz Au (ie, 1.9m oz AuEq or 134m oz AgEq). The Oculto Deposit is one of nine mineral occurrences located on the Diablillos Property which covers an area of some 79km2. The Fantasma zone lies 800m to the west of Oculto, and has been identified by a number of trenches and four drill holes. A dacite porphyry at the Cerro Viejo Este occurrence, some 1200m north-northwest of Oculto, hosts Cu-Au mineralization that has been intersected in two drill holes in a dacite porphyry. At Pedernales to the north of Oculto, narrower but higher grade epithermal mineralization has been intersected in a number of drill holes. Altogether, some 85,000m of drilling in 448 holes have been undertaken on the Property, the majority of them, obviously, on Oculto. The ongoing exploration activities will have the potential to outline additional resources on the Diablillos Property.
The Samenta property hosts two porphyry intrusions some 50km southwest of TacaTaca. As is the case at TacaTaca, these intrusions are high level porphyries with potential to host porphyry-style mineralization from the surface to considerable depths. Some trenches and a few shallow, first-stage drill holes have intersected mineralization above typical cut-off grades and over minable widths although continuity has not yet been demonstrated.
AbraPlata’s Cerro Amarillo porphyry Cu-Mo-Au project is located in the mining friendly department of Malargüe in the Province of Mendoza. Cerro Amarillo lies on the southern end of the porphyry camp of “behemoth” Cu-Mo-Au porphyry deposits (El Teniente, Los Bronces, Los Pelambres, and Altar). In common with these behemoth deposits, Cerro Amarillo is a cluster of five distinct porphyry intrusions, four of which have mapped mineralization at surface. All have good geochemistry, and the company has conducted IP surveys over two of them with good indications of chargeable material lying below mapped mineralization at surface. Mendoza is currently reviewing its mining policies with a view to assisting those departments which support mining activities with respect to rapid implementation of the permitting process.
Aguas Perdidas is located in Chubut Province. It is an epithermal Au-Ag project on which some USD2m has been spent on exploration, and is a walk-up drill target. While not the most favored mining investment destination in Argentina at this time, the company believes that this may change in the foreseeable future, and is working with competent provincial authorities to further develop this project.
Willem Fuchter PhD PGeo, President & CEO
Willem Fuchter PhD PGeo, President & CEO has over 25 years experience working in mines and exploration projects in Africa, Asia, North and South America, Europe, and the Middle East for both junior and major mining companies including Riofinex, Falconbridge Gold, Kinross, and Ivanhoe Mines. A long-term permanent resident of Argentina, Willem has run junior companies in Argentina, Peru, Ecuador, and Venezuela being largely responsible for project generation, general exploration management, reserve and resource reporting, and fund raising activities. He has degrees from Rhodes University in South Africa and Queens University in Canada, and is a registered Professional Geoscientist in the Province of Ontario.