conix
5 years ago
Goldplay Exploration Ltd. Announces Name Change to “GR Silver Mining Ltd.” and New Symbol “GRSL”
Vancouver, BC – Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE, OTCQB: GLYXF) (“Goldplay” or the “Company”), is pleased to announce that it will be changing its name to “GR SILVER MINING LTD.” effective Monday, January 13, 2020, to emphasize its focus on more advanced stage silver mining projects in the Rosario Mining District, Mexico.
The common shares of the Company will commence trading under the new name on the TSX Venture Exchange with the new trading symbol “GRSL” at the opening of trading on January 13, 2020.
There is no change in the share capital of the Company, and shareholders are not required to exchange their existing share certificates for new certificates. The Company’s new CUSIP number is 36258E102 and its new ISIN number is CA36258E1025.
Golden Cross
5 years ago
News - Goldplay Exploration Ltd. Announces $2.5M Brokered Private Placement
Canada NewsWire
VANCOUVER, Oct. 7, 2019
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./
VANCOUVER, Oct. 7, 2019 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, FRANKFURT: GPE, OTCQB: GLYXF) ("Goldplay" or the "Company") announces that it has engaged Pollitt & Co Inc. (the "Agent") to sell, by way of a private placement on a "best efforts" basis, up to 12,500,000 common shares of the Company (the "Shares") at a price of $0.20 per Share (the "Issue Price") for gross proceeds of up to $2,500,000 (the "Offering"), subject to receipt of all applicable regulatory approvals.
Goldplay Exploration Ltd (CNW Group/Goldplay Exploration Ltd)
In addition, the Company has granted the Agent an option to increase the size of the Offering by up to 20% of the number of Shares. This option will be exercisable at any time up to seventy-two (72) hours prior to the closing of the Offering, on the same terms and conditions under the Offering.
In connection with the Offering, the Agent will be entitled to a cash fee in an amount equal to up to 6% of the gross proceeds of the Offering. In addition, the Company will issue to the Agent non-transferable common shares purchase warrants (the "Agent's Warrants") which will entitle the holder thereof to acquire such aggregate number of common shares of the Company (the "Agent's Warrant Shares") as is equal to up to 6% of the number of Shares sold under the Offering. Each Agent's Warrant will be exercisable for one Agent's Warrant Share for three years at a price of $0.25/share.
The Company intends to use the net proceeds of the Offering for exploration work on the Company's San Marcial property in Mexico and for working capital and general corporate purposes. All securities issued in connection with the Offering will be subject to a four month hold period from the date of issue in accordance with applicable securities laws. The Offering is subject to approval of the TSX Venture Exchange.
The Offering is currently expected to close on or about October 30, 2019, or such other date or dates as the Company and the Agent may agree.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933 (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
About Goldplay Exploration Ltd.
Goldplay has successfully consolidated a district-sized portfolio, owning >250 sq. km of mineral concessions in the historic Rosario gold-silver Mining District in the state of Sinaloa, Mexico. Its flagship project, San Marcial, consists of a 1,250 ha land package located south of the La Rastra and Plomosas historic mines. San Marcial is a near-surface, high-grade silver, lead, and zinc open pit amenable project for which a NI 43-101 resource estimate was completed by Goldplay in early 2019. Additionally, high-grade gold was drilled in July 2019 at San Marcial, opening up the potential for further gold success. Goldplay's 100% owned El Habal precious metals project is located 20 km west of the San Marcial Project. It comprises 3,700 hectares and is located 75 km southeast of the modern coastal port of Mazatlán, and 10 km on a paved road from the historic mining town of Rosario, Sinaloa, Mexico.
Goldplay's current focus includes expanding its NI 43-101 resource estimate at the San Marcial project, which contains 36Moz Ag Eq (indicated) + 11Moz Ag Eq (Inferred), by defining new high-grade gold and silver targets along the project's 6 km mineralized trend. Goldplay is the first company to perform exploration work at San Marcial in over 10 years. It is a low-risk development stage project, fully exploration permitted and supported by the local communities to carry out all proposed exploration activities. Only 500 m of the 6 km trend has been drilled to date, highlighting the significant potential for further discoveries. The Company has identified 8 high-priority targets along the 6 km trend and is currently drilling two high-priority targets at Faisanes and Nava. Some of these exploration targets consist of old shallow pits, caved shafts and historic shallow underground workings in areas with extensive hydrothermal alteration, hosted by major regional structures in a felsic volcanic environment. Mapping and sampling by Goldplay have revealed evidence of dacite-rhyolite dome structures in a highly prospective geological environment for additional high-grade gold and silver discoveries.
The El Habal Project is a drill-stage project. Its oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historic shallow underground mining along a 6 km-long prospective corridor. The El Habal Project is located near the historic gold-silver Rosario Mine which 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.
conix
5 years ago
Goldplay Announces Over-Subscription of Private Placement Financing
VANCOUVER, June 20, 2019 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) ("Goldplay" or the "Company"), announces that further to its news release of June 17, 2019, it has received interest above the previously announced private placement of up to 8,800,000 common shares at a price of $0.125 per share for gross proceeds of up to $1,100,000, and accordingly intends to increase the amount to be raised under its non-brokered private placement offering to $1,376,250, subject to TSXV approval. All other terms of the offering remain as set out in the Company's June 17, 2019 news release.
Goldplay Exploration Ltd. (CNW Group/Goldplay Exploration Ltd)
Marcio Fonseca, President of the Company stated: "Under challenging market conditions facing the mining sector we are pleased with the investors demand in the private placement considering our financing had no warrants which indicates support from existing and new shareholders. Mr. Fonseca continued, Goldplay has enjoyed a successful 2019 exploration program with new gold discoveries and silver resource expansion and we look to grow the current indicated – inferred resources with a drilling program in progress and exploration at the San Marcial Project".
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 Ag – Au 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, 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 low risk resource 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 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.
conix
6 years ago
Goldplay continues to intercept new silver-lead-zinc-gold mineralization from sampling of historical core at San Marcial; including 23 meters @ 160 gpt AgEq
VANCOUVER, Oct. 30, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF) ("Goldplay" or the "Company") is pleased to announce positive results from sampling of the historical core drill holes completed in 2010 ("historical core"), from the Company's San Marcial Project in Mexico. The results support open pit potential for the initial 500-meter-long historical NI 43-101 resource area ("historic resource"). Results reveal a much wider mineralized zone along strike and down-dip than originally modelled in the historic resource with opportunities for expansion.
61.0 meters (true width 47.8 meters) @ 93 gpt AgEq
Including 23 meters (true width 17.3 meters) @ 160 gpt AgEq
56.0 meters (true width 42.0 meters) @ 61 gpt AgEq
Including 33.0 meters (true width 24.8 meters) @ 79 gpt AgEq
12.5 meters (true width 9.4 meters) @ 126 gpt AgEq
Goldplay President and CEO Marcio Fonseca commented, "Our systematic sampling of available core (not previously sampled) has confirmed much wider and continuous mineralization than previous geological modelling part of the historic resource. The width and shallow depth of intersections associated with attractive grades, hosted in wide hydrothermal breccias and favorable topography, continue to reinforce the open pit development potential at San Marcial. The results also reinforce opportunities for future open pit development and upside exploration potential, as sampling is revealing new, wider polymetallic mineralized zones, continuous along strike and down dip, doubling the footprint of the previously modelled mineralized zone. The sampling results together with an updated geological interpretation are being incorporated in a new 3D Geological Model in preparation for a scheduled new resource estimation."
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