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Goldplay hits grade at Faisanes target

Goldplay Exploration has intersected high-grade gold with its first core drill hole into the Faisanes target at San Marcial in Sinaloa, Mexico. The drilling returned 1m of 204.6 grams per tonne gold close to surface and adjacent to the western edge of a defined mineral resource at San Marcial.
Goldplay hits grade at Faisanes target Goldplay hits grade at Faisanes target Goldplay hits grade at Faisanes target Goldplay hits grade at Faisanes target Goldplay hits grade at Faisanes target

The Faisanes target in Sinaloa, Mexico

Staff Reporter

Drilling at Faisanes is testing the continuity and dip of a newly discovered mineralised system said to contain a wide, high-grade silver-lead-zinc-gold mineralised zone. Goldplay continues with surface exploration and drilling along the 600m-long zone.

"The high-grade gold-silver intercept is highly significant as it supports the company's goal of expanding the San Marcial resource.  It is the first time in about 10 years that any type of exploration work has been carried out on the project. One year ago, our data indicated high-grade silver, lead and zinc at San Marcial," said president and CEO Marcio Fonseca.

San Marcial hosts an indicated resource of 36 million ounces of silver-equivalent and 11Moz of inferred resources.

Shares in Goldplay Exploration (TSXV:GPLY) are trading at 18¢, valuing the company at $9 million. Its shareholders include Sandstorm Gold, JDS Energy & Mining and SSR Mining.