RCKS talk

Tuesday, November 14, 2017 Derek Macpherson

AbraPlata Defines Gold-Rich Zone

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AbraPlata Resource Corp. (TSXV:ABRA) has defined a gold-rich zone in the lower part of the Oculto deposit in the southern area of the Diablillos property (Figure 1). The gold-rich zone (Figure 2), measuring approximately 300m by 50m, is centered around drill hole DDH-97-007A, which intersected 2.7 g/t Au over 108m from 197.2m down the hole. This interval includes 16.7 g/t Au and 39.2 g/t Ag over 10.6m from 210m to 220.6m. The company is going to continue to test this zone with further drilling. The newly identified targets indicates further potential to expand the resource base at Oculto which already includes 1.92 Moz AuEq. AbraPlata currently trades at a significant discount to peers at $5/oz (peers $29/oz). We continue to believe that the current valuation does not reflect the current value of the company’s resources at the Diablillos project nor does it reflect the exploration upside of the property. We expect continued exploration drilling, along with the pending PEA in November to be important catalysts for the stock.  read more


Thursday, November 02, 2017 Derek Macpherson

AbraPlata Identifies Additional Targets

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AbraPlata Resource Corp. (TSXV:ABRA) has identified additional mineralized targets at the Oculto Ag-Au deposit on its Diablillos property in Argentina. The company has identified seven new zones that will be targeted through some 8000m of additional drilling to test for extensions of the Oculto mineralization. The new targets add significant potential for resource expansion on the Diablillos property. The black eclipses (Figures 1 & 2) are open ended resource targets identified from previous drilling, whereas the red rectangles indicate recently identified structures that are expected to host Au-Ag mineralization. These targets will be tested through a drilling program of 7950m with mostly reverse circulation drilling to a depth of 250m and a few diamond drill holes to a depth of 350m. The Oculto deposit is one of nine previously identified mineral occurrences on the Diablillos property. The newly identified targets indicate further potential to expand the resource base at Oculto which already includes 1.92 Moz AuEq. AbraPlata currently trades at a significant discount to peers at $6/oz (peers $28/oz). We continue to believe that the current valuation does not reflect the current value of the company’s indicated resources at the Diablillos project nor does it reflect the exploration upside of the property. We expect continued exploration drilling, along with the pending PEA in November to be important catalysts for the stock.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Friday, October 20, 2017 Derek Macpherson

AbraPlata Reports Good Results at Fantasma

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AbraPlata Resource Corp. (TSXV:ABRA) has announced the latest drill results from the Fantasma mineralized zones at the Diablillos project in Argentina. Results were highlighted by 89.6 g/t Ag over 9 meters and 227.0 g/t Ag over 2 meters (DDH-17-152). Drilling at Fantasma has indicated mineralization and alteration over a 400-meter zone orientated along a west-north-west trend. The identified high-grade core of the mineralized zone appears to have a strike of 200 meters and a width of about 30 meters (Figure 1). This zone is open towards the Oculto deposit, which currently hosts an indicated resource of 27.7 Mt at 91.2 g/t Ag and 0.85 g/t Au. The Oculto deposit is one of nine mineral occurrences on the Diablillos property with the Fantasma zone located 800 meters to the west. These results from the shallower Fantasma zone are important, as we expect a maiden resource to be included in the pending PEA, likely providing lower pre-strip than the deeper Oculto deposit. read more


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