VANCOUVER, July 30, 2018 /CNW/ - Goldplay Exploration Ltd. (TSXV: GPLY, OTCQB: GLYXF - the "Company" or "Goldplay") is pleased to announce that the Company has secured eligibility by The Depository Trust Company ("DTC") for its shares on the OTCQB. DTC is a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly traded companies in the United States. DTC eligibility will simplify the process of trading and is expected to enhance liquidity of the Company's common shares on the OTC marketplace where Goldplay Exploration Ltd. now trades under the symbol "GLYXF".
About Goldplay Exploration Ltd.
Goldplay owns a +250 square km exploration portfolio in the Rosario Mining District, Sinaloa, Mexico. Goldplay is focused on exploration activities that include drilling, currently in progress at the El Habal Project, as well as a planned surface exploration program, drilling and resource expansion update at the recently acquired, advanced stage San Marcial Project.
The San Marcial Project consists of 1,250 hectares, located south of the La Rastra and Plomosas historical mines and 20 km from the Company's 100% owned El Habal Project in the historic (gold-silver) Rosario Mining District, Sinaloa, Mexico. San Marcial is an attractive near-surface high-grade silver, zinc and lead project with a historical National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") (1) resource with an immediate opportunity for resource expansion.
The El Habal Project is a drilling stage project with an ongoing core drilling program. The 1,000 m long oxidized gold mineralized zone outcrops along a series of rolling hills with evidence of historical shallow underground mining along an additional 5 km. The nearby historical Rosario Au-Ag Mine reportedly operated for 250 years. Goldplay's team has over 30 years' 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 that 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. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE GOLDPLAY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
Mr. Marcio Fonseca,
P. Geo, President & CEO
Goldplay Exploration Ltd.
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.
SOURCE Goldplay Exploration Ltd
For further information: +1 (604) 202 31 55, Email: [email protected], Website: www.goldplayexploration.com, 999 West Hastings Street, Suite 900, Vancouver, British Columbia V6C 2W2