The Prospector News

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 4.35% Copper Equivalent Over 67.0 Metres

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Adventus and Salazar Announce Drilling Results at the El Domo Deposit Highlighted by 4.35% Copper Equivalent Over 67.0 Metres

 

 

 

 

 

Adventus Mining Corporation (TSX-V: ADZN) (OTCQX: ADVZF) and Salazar Resources Limited (TSX-V: SRL) (OTCQB: SRLZF) are pleased to announce additional infill drilling results from the El Domo volcanogenic massive sulphide deposit located within the 21,537-hectare Curipamba project in central Ecuador.

 

Highlights – Drill Results from the El Domo Deposit at Curipamba:

  • CURI-373 intersected 67.00 metres of 3.38% copper, 1.11 g/t gold, 0.41% zinc, 15.8 g/t silver, and 0.06% lead for 4.35% copper equivalent (“CuEq”) – including 9.11 metres of 11.65% copper, 2.41 g/t gold, 0.16% zinc, 44.7 g/t silver, and 0.03% lead for 13.58% CuEq
  • CURI-374 intersected 5.56 metres of 2.32% copper, 15.37 g/t gold, 21.91% zinc, 403.0 g/t silver, and 3.09% lead for 22.58% CuEq – including 3.46 metres of 3.38% copper, 24.25 g/t gold, 34.44% zinc, 641.2 g/t silver, and 4.79% lead for 35.35% CuEq

 

Drill hole CURI-372 intersected semi-massive sulphide from 70.78 to 72.57 metres, grading 0.78% copper, 8.60 g/t gold, 7.84% zinc, 590.4 g/t silver, and 3.29% lead (14.45% CuEq). A section of mineralized footwall felsic autoclastic volcanic rocks was intersected from 72.57 to 78.78 metres, grading 0.13% copper, 1.41 g/t gold, 1.80% zinc, and 45.5 g/t silver and 0.33% lead (2.01% CuEq). Deeper in the mineralized footwall felsic volcanic rocks additional semi-massive to massive sulphide mineralization was intersected from 86.10 to 95.00 metres, grading 2.65% copper, 0.80 g/t gold, 1.46% zinc, 12.4 g/t silver and 0.04% lead (3.70% CuEq). A higher-grade subset was intersected from 87.75 to 89.81 metres, grading 6.71% copper, 0.44 g/t gold, 2.58% zinc, 17.9 g/t silver, and 0.01% lead (7.91% CuEq).

 

 

Drill Hole From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq (1)
(%)
Approx. True
Thickness (m)
CURI-372 70.78 72.57 1.79 0.78 8.60 7.84 590.4 3.29 14.45 1.52
72.57 78.78 6.21 0.13 1.41 1.80 45.5 0.33 2.01 5.28
86.10 95.00 8.90 2.65 0.80 1.46 12.4 0.04 3.70 7.57
Including 87.75 89.81 2.06 6.71 0.44 2.58 17.9 0.01 7.91 1.75
(1) Metal equivalency based on US$4.48/lb Cu, US$1,886.30/oz Au, US$1.33/lb Zn, US$27.81/oz Ag and US$0.98/lb Pb; noting that no adjustments were made in the metal equivalency calculation for metal recovery. Prices taken from 6-month contracts for precious metals and 3-month contracts for base metals from the London Metal Exchange, dated May 25, 2021.

 

CURI-373 intersected semi-massive to massive sulphide mineralization was intersected from 102.00 to 169.00 metres, grading 3.38% copper, 1.11 g/t gold, 0.41% zinc, 15.8 g/t silver and 0.06% lead (4.35% CuEq). Three higher-grade subsets occur in this intercept, from 103.08 to 108.13 metres, 123.80 to 153.12 metres, and then from 133.39 to 142.50 metres. The first intercept is semi-massive sulphide mineralization grading 6.01% copper, 1.59 g/t gold, 1.53% zinc, 26.1 g/t silver and 0.14% lead (7.70% CuEq). The second intercept is massive sulphide mineralization grading 6.21% copper, 1.70 g/t gold, 0.15% zinc, 22.4 g/t silver and 0.04% lead (7.51% CuEq) and the third intercept is also massive sulphide mineralization grading, 11.65% copper, 2.41 g/t gold, 0.16% zinc, 44.7 g/t silver, and 0.03% lead (13.58% CuEq). A section of mineralized footwall felsic autoclastic volcanic rocks was intersected from 169.00 to 176.40 metres, grading 0.06% copper, 0.27 g/t gold, 0.41% zinc, and 9.2 g/t silver and 0.07% lead (0.45% CuEq).

 

 

Drill Hole From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq (1)
(%)
Approx. True
Thickness (m)
CURI-373 102.00 169.00 67.00 3.38 1.11 0.41 15.8 0.06 4.35 50.25
including 103.08 108.13 5.05 6.01 1.59 1.53 26.1 0.14 7.70 3.79
including 123.80 153.12 29.32 6.21 1.70 0.15 22.4 0.04 7.51 21.99
including 133.39 142.50 9.11 11.65 2.41 0.16 44.7 0.03 13.58 6.83
169.00 176.40 7.40 0.06 0.27 0.41 9.2 0.07 0.45 5.55
(1) Metal equivalency based on US$4.48/lb Cu, US$1,886.30/oz Au, US$1.33/lb Zn, US$27.81/oz Ag and US$0.98/lb Pb; noting that no adjustments were made in the metal equivalency calculation for metal recovery. Prices taken from 6-month contracts for precious metals and 3-month contracts for base metals from the London Metal Exchange, dated May 25, 2021.

 

Drill hole CURI-374 intersected semi-massive sulphide from 92.54 to 98.10 metres, grading 2.32% copper, 15.37 g/t gold, 21.91% zinc, 403.0 g/t silver, and 3.09% lead (22.58% CuEq). A higher-grade subset was intersected from 92.54 to 96.00 metres, grading 3.38% copper, 24.25 g/t gold, 34.44% zinc, 641.2 g/t silver, and 4.79% lead (35.35% CuEq). A wide section of mineralized footwall felsic autoclastic volcanic rocks was intersected from 98.10 to 120.60 metres, grading 0.13% copper, 0.13 g/t gold, 1.19% zinc, and 4.6 g/t silver and 0.03% lead (0.61% CuEq).

 

 

Drill Hole From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq (1)
(%)
Approx. True
Thickness (m)
CURI-374 92.54 98.10 5.56 2.32 15.37 21.91 403.0 3.09 22.58 4.17
including 92.54 96.00 3.46 3.38 24.25 34.44 641.2 4.79 35.35 2.60
98.10 120.60 22.50 0.13 0.13 1.19 4.6 0.03 0.61 16.88
(1) Metal equivalency based on US$4.48/lb Cu, US$1,886.30/oz Au, US$1.33/lb Zn, US$27.81/oz Ag and US$0.98/lb Pb; noting that no adjustments were made in the metal equivalency calculation for metal recovery. Prices taken from 6-month contracts for precious metals and 3-month contracts for base metals from the London Metal Exchange, dated May 25, 2021.

 

CURI-381 intersected massive sulphide mineralization from 123.16 to 127.21 metres, grading 3.13% copper, 0.59 g/t gold, 0.33% zinc, 30.6 g/t silver and 0.05% lead (3.88% CuEq). A higher-grade subset occurs from 124.20 to 126.33 metres, grading 4.34% copper, 0.65 g/t gold, 0.05% zinc, 33.5 g/t silver and 0.02% lead (5.06% CuEq).

 

 

Drill Hole From
(m)
To
(m)
Thickness
(m)
Cu
(%)
Au
(g/t)
Zn
(%)
Ag
(g/t)
Pb
(%)
CuEq (1)
(%)
Approx. True
Thickness (m)
CURI-381 123.16 127.21 4.05 3.13 0.59 0.33 30.6 0.05 3.88 2.63
including 124.20 126.33 2.13 4.34 0.65 0.05 33.5 0.02 5.06 1.38
(1) Metal equivalency based on US$4.48/lb Cu, US$1,886.30/oz Au, US$1.33/lb Zn, US$27.81/oz Ag and US$0.98/lb Pb; noting that no adjustments were made in the metal equivalency calculation for metal recovery. Prices taken from 6-month contracts for precious metals and 3-month contracts for base metals from the London Metal Exchange, dated May 25, 2021.

 

All results from the completed infill definition drilling program are to be used in updating the Mineral Resource estimate for El Domo in 2021. The updated Mineral Resource estimate will be part of the ongoing feasibility study for the development of the El Domo (see December 2, 2020 news release). Figure 1 illustrates the drill locations for the results of the four drill holes outlined in this news release and the holes currently in the assay lab, or in progress. Drill collar location coordinates are summarized for the infill and geomechanical drilling programs in Table 1 at the end of this news release.

 

For reference, the last Mineral Resource estimate completed in accordance with NI 43-101 for El Domo was published as part of the preliminary economic assessment report titled: “Technical Report on the Preliminary Economic Assessment for the Curipamba Project – El Domo Deposit, Central Ecuador“, with an effective date of June 14, 2019 on SEDAR.

 

Technical Information and QAQC

 

The Curipamba project work program is being managed and reviewed by Vice President Exploration, Jason Dunning, M.Sc., P.Geo., a Qualified Person within the meaning of NI 43-101. Salazar staff collect and process samples that are securely sealed and shipped to Bureau Veritas in Quito for sample preparation that includes crushing and milling to prepare pulps that are then split for shipment to their facility in Lima, Peru or Vancouver, Canada for analysis. All assay data have undergone internal validation of QAQC; noting there is an established sampling control program with blind insertion of assay blanks, certified industry standards and sample duplicates for the Curipamba project. A QAQC program is also in place at BV and includes insertion of blanks, standards, and duplicate reanalysis of selected samples.  BV’s quality system complies with the requirements for the International Standards ISO 9001:2000 and ISO 17025: 1999. At BV, samples from the El Domo infill drilling have gold analyzed by classic fire assay techniques with an AAS finish, while silver and base metals are analyzed by a 44-element aqua regia technique with ICP-AES finish. For regional drilling, silver and base metals are analyzed by a 45-element 4 acid technique with ICP-MS finish. Overlimit protocols are in place for gold, silver, copper, lead, and zinc.

 

Qualified Person

The technical information of this news release has been reviewed and verified as accurate by Mr. Jason Dunning, M.Sc., P.Geo., Vice President Exploration for Adventus, a non-Independent Qualified Person, as defined by NI 43-101.

 

About Adventus

 

Adventus Mining Corporation is an Ecuador focused copper-gold exploration and development company. Its strategic shareholders include Altius Minerals Corporation, Greenstone Resources LP, Wheaton Precious Metals Corp., and the Nobis Group of Ecuador. Adventus is advancing the El Domo copper-gold project through a feasibility study, while exploring the broader Curipamba district. In addition, Adventus is engaged in a country-wide exploration alliance with its partners in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date. Adventus also controls an exploration project portfolio in Ireland with South32 Limited as funding partner as well as an investment portfolio of equities in several exploration companies. Adventus is based in Toronto, Canada, and is listed on the TSX Venture Exchange and trades on the OTCQX.

 

About Salazar

 

Salazar Resources Limited is focused on creating value and positive change through discovery, exploration, and development in Ecuador. The team has an unrivalled understanding of the geology in-country and has played an integral role in the discovery of many of the major projects in Ecuador, including the two newest operating gold and copper mines. Salazar Resources has a wholly owned pipeline of copper-gold exploration projects across Ecuador with a strategy to make another commercial discovery and farm-out non-core assets. The Company actively engages with Ecuadorian communities and together with the Salazar family it co-founded The Salazar Foundation, an independent non-profit organization dedicated to sustainable progress through economic development.  The Company already has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production.  At two copper-gold porphyry projects, Pijili and Santiago, the Company has a 20% stake fully carried through to a construction decision.

 


Adventus Mining Corporation (ADZN-tsxv) (ADVZF-otcqx) (AZC-Frankfurt) Drill hole (CURI-374) – 3.38% copper, 24.25 g/t gold, 34.44% zinc, 641.2 g/t silver, and 4.79% lead for 35.35% CuEq (see June 1, 2021 news release) (CNW Group/Adventus Mining Corporation)

 

 


Figure 1: Drill Collar Location Map for Drill El Domo (CNW Group/Adventus Mining Corporation)

 

Posted June 1, 2021

Share this news article

MORE or "UNCATEGORIZED"


Azimut Drills 24.0 g/t Au over 18 m, including 38.7 g/t Au over 9 m, in the expanding Patwon Gold Zone, Elmer Property, Quebec

Azimut Exploration Inc. (TSX-V: AZM) is pleased to report that i... READ MORE

June 22, 2021

Opus One Obtains 6.02 g/t Gold Over 2.5 m and Brings to Light Its Gold Discovery Near Matagami

Opus One Gold Corp. Inc. (TSX-V:OOR) a mining exploration compan... READ MORE

June 22, 2021

Western Sierra Resource Corporation Enters Talks to Acquire Majority Stake in a Gold Mining Operation With Enhanced Recovery Net Income Projected at $3.2 Billion

WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to a... READ MORE

June 22, 2021

Maritime Resources Traces Orion North Zone Over 550 Metres - Intersects 12.43 gpt Gold and 2.15 gpt Silver Over 1.20 Metres, Including 50.60 gpt Gold and 7.90 gpt Silver Over 0.20 Metres

Maritime Resources Corp. (TSX-V: MAE) is pleased to announce dril... READ MORE

June 22, 2021

Labrador Gold Intercepts 50.38 g/t Over 1.85 Metres Including 160.42 g/t Over 0.55 Metres at Big Vein, Kingsway Project, Newfoundland

Labrador Gold Corp. (TSX-V:LAB) (OTCQX:NKOSF) (FNR: 2N6) is pleas... READ MORE

June 22, 2021

Copyright 2021 The Prospector News