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Adventus Zinc Corp.
Summary
| Project: | Curipamba | |
|---|---|---|
| Deposit: | El Domo | |
| Location: | Ecuador | |
| Commodities: | Copper-Zinc-Lead-Gold-Silver | |
| Date: | 5/29/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2018: Adventus Zinc Corp. announces an Exploration/Drilling Update report for its El Domo deposit at the Curipamba project. Drilling results incl. 7.08m @ 3.32g/t Au, 154.9g/t Ag, 3.92% Cu, 0.74% Pb, 5.90% Zn from 64.9m. Adventus Zinc Corporation (“A | |
| Resources: | (Resource, Ind.): 8.8Mt @ 1.62% Cu, 2.34g/t Au, 2.42% Zn, 48.0g/t Ag, 0.27% Pb | |
| CP/QP: | [Overall Report]: Jason Dunning (Internal) | |
| ABSTRACT: | Adventus Zinc Corporation (“Adventus”) (TSX-V: ADZN) 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. Infill drilling continues to yield intercepts of high-grade, gold-rich semi-massive to massive sulphide mineralization within the open-pit constrained Mineral Resource update for the El Domo VMS deposit completed by Roscoe Postle Associates Inc. (“RPA”). The Indicated Mineral Resource totals 8.8 million tonnes grading 1.62% copper, 2.34 g/t gold, 2.42% zinc, 48.0 g/t silver, and 0.27% lead. The Inferred Mineral Resource totals 2.6 million tonnes grading 1.29% copper, 1.09 g/t gold, 1.51% zinc, 29.0 g/t silver, and 0.14% lead (see January 31, 2018 news release). The National Instrument (“NI”) 43-101 Technical Report was authored by Independent Qualified Person Dr. Lars Weiershäuser, P.Geo., of RPA (based in Toronto, Ontario, Canada) who is a Qualified Person as defined by NI 43-101. The infill drilling program commenced in early March 2018 with the objective of upgrading the confidence level of the higher-grade portion of the open-pit constrained Mineral Resource 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 higher-grade portion of the open-pit constrained Mineral Resource has successfully completed approximately 3,500 metres from a planned 7,500 metre work program that is expected to be completed by the end of the second quarter of 2018. Seventeen infill drill holes have been successfully completed with eight drill holes having now passed quality assurance and quality control (“QAQC”). One drill hole is currently in the process of being drilled. From the 3,500 metres successfully completed, thirteen drill holes have intersected either semi-massive or massive sulphide mineralization. The other four drill holes did not have significant results because they were designed to refine the limits of VMS mineralization along the margins of the open-pit constrained Mineral Resource. Overall, drilling results have confirmed the quality of the geological and structural modelling completed by RPA, notably the semi-massive to massive sulphide mineralization. | |
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