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Mittwoch, 16.01.2019 13:05 von | Aufrufe: 144

Adventus and Salazar Announce Additional 2018 Drill Results at the Curipamba Project, Including 12.55 Metres of 4.00% Copper, 2.04 g/t Gold, 0.96% Zinc, 25.8 g/t Silver and 0.07% Lead

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PR Newswire

TORONTO, Jan. 16, 2019 /PRNewswire/ - Adventus Zinc Corporation ("Adventus") (TSX-V: ADZN; OTCQX: ADVZF) and Salazar Resources Limited ("Salazar") (TSX-V: SRL) (collectively the "Partners") are pleased to announce additional drill holes from the 2018 infill drilling program on the El Domo volcanogenic massive sulphide ("VMS") deposit; which is part of the approximately 22,000-hectare Curipamba project located near Las Naves, Ecuador.

Highlights

  • CURI-311 intersected 8.74 metres of 2.78% copper, 1.93 g/t gold, 3.49% zinc, 54.9 g/t silver, and 0.42% lead for 6.18% CuEq;
  • CURI-312 intersected 12.55 metres of 4.00% copper, 2.04 g/t gold, 0.96% zinc, 25.8 g/t silver, and 0.07% lead for 6.04% CuEq; including 3.60 metres of 10.40% copper, 3.77 g/t gold, 2.97% zinc, 72.9 g/t silver and 0.20% lead for 14.95% CuEq, and;
  • CURI-320 intersected 10.86 metres of 1.50% copper, 2.95 g/t gold, 2.49% zinc, 79.2 g/t silver, and 0.30% lead for 5.40% CuEq; including 2.72 metres of 2.51% copper, 8.50 g/t gold, 8.16% zinc, 250.6 g/t silver and 0.93% lead for 14.40% CuEq.

Christian Kargl-Simard, CEO of Adventus commented: "The Partners are pleased to see continuing positive, high-grade drill results coming from our infill drilling work at Curipamba. The 2018 results speak to the quality of the development opportunity the Partners see at Curipamba and strengthen the foundation for work ahead in 2019. We look forward to discussing these new assay results, as well as the latest updates on our projects at the Vancouver Resource Investment Conference on January 20th and 21st, 2019 at booth 908.  In addition, we will be displaying drill core from El Domo VMS deposit in the AMEBC Roundup Core Shack at booth 723 on January 30th and 31st, 2019."

El Domo Infill Drilling Results

The optimized Phase 2 infill drilling program was completed in late December 2018 on the open-pit constrained Mineral Resource. A total of 12,608 metres of infill drilling was successfully completed at El Domo in 2018 between both phases of infill drilling on the open-pit constrained Mineral Resource. Additional drilling results will be released once assay results have passed through internal QAQC validation. The Partners will also provide an update to the market with regards to the 2019 Curipamba work plan in the near future.

Drill hole CURI-311 intersected two gold-rich zone of semi-massive to massive sulphide mineralization separated by a basalt intrusion. The first intercept of mineralization is from 131.26 to 140.00 metres for an approximate true thickness of 7.87 metres grading 2.78% copper, 1.93 g/t gold, 3.49% zinc, 54.9 g/t silver, and 0.42% lead.  The second intercept of mineralization was then intersected from 144.80 to 149.28 metres for an approximate true thickness of 4.03 metres grading 2.11% copper, 1.26 g/t gold, 0.64% zinc, 27.4 g/t silver, and 0.09% lead.

Drill Hole


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Salazar Resources Chart

From

(m)

To

(m)

Thickness

(m)

Cu
(%)

Au
(g/t)

Zn
(%)

Ag
(g/t)

Pb
(%)

CuEq(1)

(%)

Approx. True
Thickness (m)

CURI-311

131.26

140.00

8.74

2.78

1.93

3.49

54.9

0.42

6.18

7.87


144.80

149.28

4.48

2.11

1.26

0.64

27.4

0.09

3.53

4.03

(1)

Metal equivalency based on US$3.25/lb Cu, US$1,500/oz Au, US$1.30/lb Zn, US$23/oz Ag and US$1.10/lb Pb; noting that no adjustments were made in the metal equivalency calculation for metal recovery, as this is still an early stage project

 

Drill hole CURI-312 intersected a wide section of mineralized grainstone from 121.25 to 145.65 metres for an apparent true thickness of 22.80 metres grading 0.47% copper, 2.86 g/t gold, 1.14% zinc, 79.1 g/t silver and 0.26% lead. A subset interval of the grainstone was significantly higher grade from 130.83 to 133.45 metres grading 0.31% copper, 3.06 g/t gold, 3.46% zinc, 509.2 g/t silver, and 1.60% lead. Under the grainstone is copper-rich massive sulphide mineralization from 145.65 to 158.20 metres for a true thickness of 11.92 metres, grading 4.00% copper, 2.04 g/t gold, 0.96% zinc, 25.8 g/t silver, and 0.07% lead. A subset interval of massive sulphide mineralization possesses significantly higher-grade from 145.65 to 149.25 metres, grading 10.40% copper, 3.77 g/t gold, 2.97% zinc, 72.9 g/t silver, and 0.20% lead.

Drill Hole

From

(m)

To

(m)

Thickness

(m)

Cu
(%)

Au
(g/t)

Zn
(%)

Ag
(g/t)

Pb
(%)

CuEq(1)

(%)

Approx. True
Thickness (m)

CURI-312

121.25

145.65

24.40

0.47

2.86

1.14

79.10

0.26

3.76

22.80

including

130.83

138.30

7.47

0.49

2.06

2.70

200.2

0.71

5.26

7.10

including

130.83

133.45

2.62

0.31

3.06

3.46

509.2

1.60

9.55

2.49


145.65

158.20

12.55

4.00

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