AbraPlata Resource Corp. provided an update on its Diablillos property in Salta Province, Argentina. Having recently completed a non-brokered private placement of $2 million, AbraPlata is in the process of finalizing a Preliminary Economic Assessment (PEA) of its Diablillos silver-gold project, the results of which are expected to be announced by the end of first quarter of 2018. In addition, the company is preparing plans for 2018 drill testing of newly identified exploration targets aimed at expanding the mineral resource base on the property. Preliminary Economic Assessment: The Diablillos PEA is being conducted under the guidance of lead consultant RPA Inc. of Toronto (RPA). RPA is being assisted by GR Engineering Services Ltd. of Perth, Western Australia (GRES), and Saxum Engineered Solutions of Argentina (Saxum). The PEA will cover all aspects of the Diabilillos project that would typically be addressed in a scoping study. RPA is preparing land and permit requirements, geology and resources (including a new resource estimate for the property), all mining aspects (including mine design and optimization, mining methods and equipment, and waste rock disposal procedures), and Life-of-Mine plan. GRES is providing inputs with respect to preliminary process design criteria, process flow diagrams, general arrangement drawings, mechanical equipment lists, material take-offs, leach pad and tailings storage facility, and supporting infrastructure (roads, power, water, buildings, extra). Saxum is responsible for cost estimation and identifying the local sources of plant and materials. The report will also include after-tax cash flow forecasts and cash flow sensitivity to key inputs. Drilling Campaign A recent technical review of the Diablillos property together with the detailed mapping of key outcrop and drill data analysis has defined three areas on the property that require further drilling with the objective of converting mineralization into resources. These areas are: The Oculto silver-gold deposit and its immediate environs; Satellite deposits surrounding Oculto that are prospective for silver mineralization; and The Northern arc of mineral occurrences located approximately 1,500 metres north of the main Oculto deposit. The drill campaign is expected to commence in the second quarter of 2018. Expansion of Oculto Silver and Gold Mineralization: The Oculto deposit contains all of the current Indicated Mineral Resources reported on the property to date. New geological interpretation by the Company indicates that Oculto has a much stronger structural control element than previously thought. Most of the structures that control mineralization trend NE with a steep southeast dip. A secondary set of control structures strike ESE with steep southerly dips. The secondary structures have been poorly tested because they are subparallel to historical drilling. Correlation of the control structures between surface mapping and drill intersections has identified numerous areas where high grade silver and gold mineralization has not been closed off by existing drill definition. This offers potential for a substantial increase in the Oculto resource via additional drilling. Satellite Deposits with Near-Surface Silver Mineralization Drilling at the satellite deposits of Fantasma, Alpaca, and Laderas is required to test recently identified mineralized NE- and ESE-trending mineralized structures which have been inadequately tested or not been tested at all in the past. The Company completed approximately 3,000 metres of drilling at Fantasma in the H2 2017, and this drilling indicted that mineralization was open to the east and could be linked to the Oculto deposit. Additional drilling in 2018 is planned to bring near-surface silver mineralization contained in the satellite deposits into mineral resources. Northern Arc Targets: Cerro Viejo Oeste, Cerro del Medio, Pedernales, and Corderos are geophysical/geochemical targets located in the Northern Arc, which is located to the north of Oculto on the Diablillos property, and form part of a structural array dominated by ENE and NW mineralized structures that dip 70-80 north. The ENE structures are invariably thicker with better breccia development. Mineralization in the wider area follows a NW-trending structure and individual prospects are generally ENE to ESE splays off the main NW trend. Drilling in 2018 is expected to test the extent of this structure and the potential for additional satellite deposits in this area.