AbraPlata Resource Corp (TSX.V:ABRA) is a silver, gold, and copper exploration company with projects in Argentina and Chile. The Company has projects at various stages of exploration, from drill-ready to PEA stage.
The company is focused on further advancing its 100%-owned Diablillos silver-gold project in the mining-friendly Salta province of Argentina, which contains a large resource base of 80.9 million ounces of silver and over 730,000 ounces of gold in the Indicated category.
The Diablillos project is well-advanced, with more than US$35 million spent historically on exploration with drilling currently ongoing targeting additional high grade gold and silver zones within the Oculto deposit. AbraPlata offers excellent exposure to increasing metals prices, especially silver, and is undervalued relative to many other gold and silver mining stocks.
Diablillos – Our principal project is Diablillos which contains a Ag-Au epithermal deposit called the Oculto Deposit for which a mineral resource has been estimated.
Arcas – Option agreement with Rio Tinto, whereby Rio Tinto can acquire up to a 75% stake in Arcas, by incurring up to US$25 million in exploration expenditures.
Aguas Perdidas – Epithermal Au-Ag project in Chubut Province, Argentina, approximately 137 km southwest of Pan American's large Navidad project.