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Goldplay Exploration begins drilling operations on the El Habal Property, Mexico.

M2 EQUITYBITES-May 23, 2018-Goldplay Exploration begins drilling operations on the El Habal Property, Mexico

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Exploration company Goldplay Exploration Ltd (TSXV: GPLY) revealed on Tuesday the launch of its phase I drilling programme on the El Habal Property in Sinaloa, Mexico located in the vicinity of historical high-grade historical gold-silver Rosario mine.

Under the company's phase I core drill programme, the exploration will include six drill holes in the Santos and La Reina targets totaling an estimated 1,500 metres.

The company added the phase I drill programme will focus initially on a 600 m long mineralized corridor, open along strike and down dip within a highly prospective six km long mineralized corridor. It plans to complete a 2,500 metre phase II core drilling programme in 2018.

In addition, the drill targets identified in the surface exploration programme and ground geophysical survey are located close to small historical shallow underground workings: Santos, La Reina and El Habal. The ground geophysical survey revealed anomalies close to the surface, with evidence of intense hydrothermal alteration in andesites and rhyolites hosting Au mineralized quartz stockwork zones, concluded the company.

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Publication:M2 EquityBites (EQB)
Geographic Code:1MEX
Date:May 23, 2018
Words:205
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