Adventus and Salazar Announce Initial 2018 Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 g/t Gold, 10.34% Zinc, 139 g/t Silver and 0.95% Lead
Adventus and Salazar Announce Initial 2018 Results at the Curipamba Project, Including 10.35 Metres of 3.85% Copper, 5.12 g/t Gold, 10.34% Zinc, 139 g/t Silver and 0.95% Lead |
[19-April-2018] |
TORONTO, April 19, 2018 /CNW/ - Adventus Zinc Corporation ("Adventus") (TSX-V: ADZN) and Salazar Resources Limited ("Salazar") (TSX-V: SRL, collectively the "Partners") are pleased to announce the first 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
El Domo Infill Drilling Results The infill drilling program commenced in early March 2018 with the objective of upgrading the confidence level of the Mineral Resource within the Whittle starter open-pit area by decreasing drill spacing, which will also generate material for a planned metallurgical program in the second half of 2018. One drill rig from the drilling contractor has been dedicated to this work program. To date, drilling within the Whittle starter open-pit has successfully completed approximately 2,100 metres from a planned 7,500 metre work program that is expected to be completed by the end of the second quarter of 2018. The current infill drill hole is being extended in order to more fully evaluate the favourable volcanic strata at depth below the El Domo VMS deposit. This drill hole will be the deepest at El Domo to date, and it is conceptualized to be used for downhole electromagnetic geophysical studies later in 2018. An additional nine infill drill holes have been successfully completed with four drill holes having passed quality assurance and quality control ("QAQC"), and five drill holes with assays outstanding. From the 2,100 metres successfully completed, seven drill holes have intersected either semi-massive or massive sulphide mineralization. The other two drill holes did not have any significant results because they were designed to refine the limits of VMS mineralization along the southern margin of the Whittle starter open-pit containing the 3D modelled massive sulphide zone. Overall, drilling results have confirmed the quality of the geological and structural modelling completed by RPA, notably the semi-massive to massive sulphide mineralization. Drill hole CURI-250 intersected VMS mineralization from 71.65 to 82.00 metres for an approximate true thickness of 9.32 metres grading 3.85% copper, 5.12 g/t gold, 10.34% zinc, 139.0 g/t silver, and 0.95% lead. A subset interval of the massive sulphide mineralization is of even higher grade from 72.41 to 76.08 metres, grading 6.47% copper, 12.30 g/t gold, 25.27% zinc, 335.4 g/t silver, and 2.37% lead. It should be noted that the lower 2.73 metres of the intercept is structurally modified by a fault and gradually transitions into both mineralized and hydrothermally altered dacite volcaniclastic rocks that underlie El Domo.
The intercept in CURI-252 has an approximate true thickness of 4.51 metres and intersected VMS mineralization from 59.75 to 64.76 metres grading 1.62% copper, 8.77 g/t gold, 11.47% zinc, 357.9 g/t silver, and 2.68% lead. The top contact of the VMS mineralization occurs across 1.29 metres of intercalated fine-grained volcaniclastic tuff-sized material and semi-massive sulphide mineralization that grades into massive sulphide mineralization. A subset interval of the massive sulphide mineralization is of even higher grade from 61.04 to 62.65 metres, grading 1.74% copper, 17.40 g/t gold, 22.05% zinc, 523.0 g/t silver, and 5.97% lead. The lower contact is faulted from 62.65 to 64.76 metres and gradually transitions into both mineralized and hydrothermally altered dacite volcaniclastic rocks.
CURI-253 was designed to test the thin southerly margin of the massive sulphide mineralization within the confines of the Whittle starter open-pit and it intersected an approximate true thickness of 0.61 metres from 59.52 to 60.20 metres grading 0.84% copper, 13.9 g/t gold, 26.48% zinc, 298.0 g/t silver, and 1.87% lead. In addition, it also intersected a low-grade stockwork within dacite volcaniclastic rocks from 68.58 to 75.29 metres. Stockwork mineralization is quite common below El Domo, forming horizontal units that appear to be spatially associated with key fault structures and associated with autobreccia in the dacite volcanic rocks.
Drill holes CURI-255 and CURI-256 were designed to test the southerly limits of the known massive sulphide mineralization and further assess the pit wall geology. These drill holes both intersected favourable strata including both the grainstone, which is a resedimented volcaniclastic unit containing pebbles and cobbles of massive sulphide mineralization, and a fine-grained felsic volcaniclastic tuff-sized material known to occur directly above the massive sulphide mineralization; however, no semi-massive to massive sulphide minerals were intersected. CURI-256 did, however, intersect a low-grade stockwork zone within dacite volcaniclastic rocks from 108.52 to 119.21 metres that corresponds to other similar low-grade stockwork zones stratigraphically below El Domo such as above in drill hole CURI-253. These drill holes have also confirmed modelling done by RPA along the southern margin of the deposit and provide excellent geological control for future modelling studies.
Technical Information Quality Control & Quality Assurance Qualified Person About Adventus About Salazar Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws. SOURCE Adventus Zinc Corporation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company Codes: TorontoVE:ADZN, TorontoVE:SRL |
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