VANCOUVER, June 25, 2019 /CNW/ - Goldplay Exploration
Ltd. (TSXV: GPLY, FRANKFURT: GPE,
OTCQB: GLYXF) ("Goldplay" or the "Company"), wishes to correct
an error in its press release entitled "Goldplay Closes
Over-Subscribed Private Placement" issued on June 24, 2019. The number of common shares
issued in connection with the completion of the Company's
over-subscribed financing was 11,010,000 common shares, rather than
10,010,000 common shares referred to in the Company's previous
press release. The Company raised gross proceeds of
$1,376,250. This correction
does not change any other amounts or information reported in the
June 24, 2019 press
release.
About Goldplay Exploration Ltd.
Goldplay owns a >250 sq. km exploration portfolio in the
historical Rosario Au-Ag Mining District, Sinaloa, Mexico. Goldplay's current focus
includes resource expansion and exploration at the San Marcial
Project, as well as a 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 in the Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive,
near-surface high-grade silver, gold, lead and zinc open pit
project for which a NI 43-101 resource estimate was completed by
Goldplay in early 2019 (See News Release dated February 7, 2019). It is a resource in expansion
and development stage project, fully permitted for all exploration
activities and with support and authorization by local communities
to carry out all necessary work on the project. San Marcial
exhibits significant exploration and resource expansion upside
supported by regional exploration programs recently completed by
Goldplay along 6 km mineralized trend with identification of 8 new
Au-Ag exploration targets. 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. A current NI
43-101 report on the San Marcial Project is filed on SEDAR.
The El Habal Project is a drilling stage project. The oxidized
gold mineralized zone outcrops along a series of rolling hills with
evidence of historical shallow underground mining along a 6 km long
prospective corridor. The El Habal Project is located near the
historical gold-silver Rosario Mine which reportedly operated for
over 250 years. Goldplay's team has over 30 years of experience
with senior roles in exploration, financing, and development in the
mining industry, including over ten years of extensive exploration
experience in the Rosario Mining District, leading to previous
successful discoveries. A current NI 43-101 report on the El Habal
Project is filed on SEDAR.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements and
information that are based on the beliefs of management and reflect
the Company's current expectations. When used in this press
release, the words "estimate", "project", "belief", "anticipate",
"intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and
information. Such statements and information reflect the current
view of the Company. Risks and uncertainties may cause actual
results to differ materially from those contemplated in those
forward-looking statements and information. By their nature,
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or other future events, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this press release.
Mr. Marcio Fonseca, P. Geo
President & CEO
Goldplay Exploration Ltd.
SOURCE Goldplay Exploration Ltd