AbraPlata is a mineral exploration company with a diversified portfolio of silver-gold and copper exploration projects in Argentina and Chile. The Company is focused on advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which is well-advanced, with more than US$35 million spent historically on exploration with drilling ongoing and an initial open pit PEA completed in 2018. The Company is led by an experienced management team and has long-term supportive shareholders including Altius Minerals and SSR Mining. In addition, AbraPlata owns the Arcas project in Chile where Rio Tinto has an option to earn up to a 75% interest by funding up to US$25 million in exploration. Current Company Projects:
-DIABLILLOS (Principal Property) project: AbraPlata's principal project is the Diablillos project, which contains a Ag-Au epithermal deposit called the Oculto Deposit for which a mineral resource has been estimated based on approximately 85,000 metres of drilling in 448 holes. The current Indicated resource for the Oculto Deposit, as estimated by RPA of Toronto in August 2017, is 26.85 million tonnes at 93.0 g/t silver and 0.85 g/t gold containing 80.3 million ounces Ag and 732,000 ounces gold (approximately 1.8 million gold-equivalent ounces or 135 million silver-equivalent ounces, based on a gold:silver ratio of 75:1). The Oculto Deposit is one of nine mineral occurrences located on the Diablillos Property which covers an area of 79km2. Mineralization at Oculto is open at depth and along strike. The other mineral occurrences also have the potential for adding gold, silver, and copper resources with additional testing. Diablillos lies in the Argentine “Puna” (Altiplano) at 4000m asl, and is located in a rapidly developing mineral district in northwestern Argentina that includes, TacaTaca (First Quantum), Lindero and Arizaro (Fortuna). The project lies in an established mining camp that includes FMC’s Hombre Muerto lithium operations, Orocobre's Sijes, Ratones, and Tincalayu borate mines and concentrating plants, and Ulex’s Sal de Mañana plant. The area is accessible by good, all-weather, gravel roads, and FMC maintains a serviceable airstrip at their Hombre Muerto operations. Sufficient subterranean water is available on and near the project, and a natural gas pipeline is located 34 km from project in anticipation of development at Diablillos. There is a railway station at the town of Pocitos on the currently abandoned line between Salta and the Chilean port of Antofagasta. The few local communities that reside in this part of the Puna have a long tradition of working in mining and provide a ready source of labor. The Salta authorities are supportive of mining and have provided a framework in which permitting applications are expeditiously vetted. Salta has a long tradition of mining particularly with respect to lithium and borax, and has many advanced metalliferous projects (eg, TacaTaca, Lindero, Rio Grande, and our own Diablillos).
-CERRO AMARILLO project: 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 project: Aguas Perdidas is located in Chubut Province. It is an epithermal Au-Ag project on which US$2M has been spent on exploration, and is a walk-up drill target. While not the most favoured 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.
AbraPlata Resource Corp. is a publicly traded company listed on the OTC under the ticker symbol ABBRF. This is not investment advice. Please view the disclaimer found on this website.