Positive Sampling Results At The San Marcial Project

VANCOUVER - Goldplay Exploration Ltd. reported additional results from sampling of the historical core drill holes from the Company's San Marcial Project in Mexico, with confirmation of attractive mineralized intervals down dip from the historic resource area and also along the mineralized trend. 

Goldplay President and CEO Marcio Fonseca commented, "The sampling of historic core at San Marcial continues to deliver positive results at shallow depth. The width and high-grade results in the mineralized zone not only indicate attractive potential for future open pit project development, but also encourage the Company to pursue deeper drilling to support underground potential. High grade and wide intersections from historical holes - such as SM-04 (57 meters @ 270 gpt AgEq) - near the surface, combined with the latest released results from sampling of historic core - including SM-10-11 (11.5 meters @ 160 gpt AgEq) - together with a new 3D Geological Model, continue to enhance the attractiveness of San Marcial for future open pit project development."

These results support silver-lead-zinc mineralization along the main fault hosted between upper and lower epiclastic volcanic units, but also in hydrothermal breccias, indicating a multi-phase mineralized event. The Company is continuing the drill core sampling program, aiming to complete a resource estimation update during the December 2018 quarter. The continuous sampling from the historical core is providing valuable information to expand and connect mineralized zones previously modeled in the historic resource.

Goldplay owns a >250 sq. km exploration portfolio in the historical Rosario Mining District, Sinaloa, Mexico. Goldplay's current exploration focus includes surface exploration and drilling, with a resource update to follow at the advanced-stage San Marcial Project and follow up exploration program at the El Habal Project. The San Marcial land package consists of 1,250 ha, located south of the La Rastra and Plomosas historical mines and 20 km from the Company's 100% owned El Habal Project in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive, near-surface high-grade silver, lead and zinc project for which a historical resource estimate has been previously disclosed.

San Marcial exhibits significant exploration upside supported by regional exploration programs completed by previous operators who identified 14 exploration targets similar to San Marcial within its 100% Goldplay-owned concessions. Some of these exploration targets consist of old shallow pits, caved shafts and historical underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures.