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Adventus And Salazar Provide an Exploration Update on its Projects in Ecuador - Including Additional Curipamba Drill Results from the Agua Santa Target07.12.2021 | 12:45 Uhr | CNW
TORONTO, Dec. 7, 2021 - Adventus Mining Corp. ("Adventus") (TSXV: ADZN) (OTCQX: ADVZF) and Salazar Resources Ltd. ("Salazar") (TSXV: SRL) (OTCQB: SRLZF) (collectively the "Partners") are pleased to provide an update on exploration activities in Ecuador for the Curipamba, Pijili and Santiago projects. The Partners are currently finalizing drilling plans for 2022. Highlights
Curipamba Project Update CREG-011 was a step-out drill hole, collared from the same drilling platform as CREG-008 (see Figure 2) designed to undercut the massive sulphide mineralization on the same drill section. It intersected faulted, but fragmental looking massive sulphide mineralization from 40.35 to 43.70 metres grading, 0.76% copper, 1.39 g/t gold, 4.29% zinc, 12.5 g/t silver and 0.17% lead (Table 2). The intercept had a copper-rich top from 40.35 to 40.70 metres grading, 4.76% copper, 0.51 g/t gold, 0.91% zinc, 28.0 g/t silver, and 0.03% lead, and a zinc-rich base from 41.62 to 42.30 metres grading, 0.37% copper, 5.67 g/t gold, 19.92% zinc, 39.3 g/t silver and 0.77% lead (Table 2). Table 2: Drill results for CREG-011
An interesting feature of CREG-011 is a wide, low-grade, sulphidized section of the host strata in the hanging wall of the faulted massive sulphide mineralization from 29.75 to 40.35 metres grading, 0.10% copper, 0.68 g/t gold, 0.26% zinc, 2.2 g/t silver, and 0.04% lead. This low-grade intercept suggests the hydrothermal system continued to exhaust mineralized fluids after the deposition of the massive sulphide mineralization. Further review is being undertaken to assess possible vectoring using data from adjacent drill holes. CREG-009 was a step-out drill hole, collared 82 metres to the north-northeast of CREG-008 (see Figure 3) and although it intersected similar volcanic stratigraphy to CREG-008, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization (see August 9, 2021 news release), CREG-009 only intersected highly sulphidized, geochemically anomalous mafic volcaniclastic rocks. The best mineralization intersected in CREG-009 is related to a fault zone from 170.18 to 171.26 metres, grading 1.16% copper, 0.05 g/t gold, 0.01% zinc, and 1.14 g/t silver. CREG-010 was a step-out drill hole, collared 47 metres to the southwest of CREG-008 (see Figure 4) and although it intersected similar volcanic stratigraphy to CREG-008 and CREG-009, like CREG-009, it appears to have pierced the favourable VMS horizon hosting the massive sulphide mineralization (see August 9, 2021 news release) but only intersected wide, highly sulphidized, geochemically anomalous section of mafic volcaniclastic rocks. Mineralization was intersected from 41.00 to 52.04 metres, grading 0.09% copper, 0.20 g/t gold, 0.25% zinc, and 1.7 g/t silver. A narrow section of higher-grade material occurs from 44.50 to 45.12 metres, grading 0.88% copper, 1.32 g/t gold, 2.26% zinc, 14.8 g/t silver and 0.01% lead. The Partners continue to wait for analytical results to be completed and released from the laboratory for regional drill holes CREG-012 to CREG-018. It is understood that BV laboratory is experiencing a significant increase in through volume that is resulting in longer than expected delays for its clients to receive geochemical results. These delays are unfortunately hampering assessment and the interpretation of exploration programs including the relationship of any drill hole results to two prospecting showings of bedrock, fault-controlled VMS mineralization at Agua Santa. The laboratory delays are creating a major challenge for consistent exploration news flow. Once data from drilling and surficial geochemical sampling has been returned from the laboratory and passed the Partners' internal QAQC protocols, the results will be disclosed. Regional drill holes at El Panecillo, east of El Domo (CREG-003, CREG-005, and CREG-006), and at Selva Alegre (CREG-007) did not yield any significant results, although they intersected known strata in the volcanic edifice known to host the El Domo VMS deposit (Figure 1). Further assessment of the geochemistry is ongoing to determine if there are possible exploration vectors present that can be used for follow-up exploration work. Pijili Project Update On the Rosa de Oro and Carmen de Pijili concessions, the technical staff focused their work on the four high-priority targets called El Pato, Rosa de Oro, Naranjos and Papagayo discussed in the April 9, 2021 news release. Table 3 summaries total samples collected to date on Pijili project concessions supporting target generation and drill platform spotting. Copper and gold rock geochemistry is presented in Figures 5 and 6 respectively, and copper and gold soil geochemistry is presented in Figures 7 and 8, respectively. The technical team has concluded that El Pato is ready for final drill targeting, as it is the highest-ranking target on these two western concessions for Pijili project. The Partners have scouted drill platform locations for the El Pato target while planning and budgeting is being conducted for potential drilling in the first half of 2022. Work at the Mercy concession finished in June 2021 with the completion of sampling over the newly discovered Ensillada porphyry system (see April 20, 2021 news release). Sampling included a detailed review of a newly established section of gravel road constructed through the Ensillada porphyry system by a local artisanal miner to access their property. All work since the completion of drilling and the discovery of the Ensillada porphyry system has confirmed the presence of a large hydrothermal system that remains open to the north, northeast and east. Copper and gold rock geochemistry is presented in Figures 9 and 10 respectively, and copper and gold soil geochemistry is presented in Figures 11 and 12, respectively. The technical team continues to review results to plan a follow-up exploration budget for 2022. Table 3: Total sample summary for Pijili project
Santiago Project Update The principal target area at Santiago has coincident favourable geological and hydrothermal alteration suggesting a high-sulphidation porphyry system denoted by extensive quartz-alunite alteration, coincident historical geochemical anomalies for copper and gold over 2,200 metres by 600 metres, and a geophysical airborne MobileMT signature with both a low frequency apparent conductivity geophysical and resistivity anomaly of approximately 3,000 by 2,000 metres and TMI-RTP magnetic low of approximately 2,000 by 1,500 metres that is encircled by areas of higher magnetic response (see June 15, 2020 news release). The magnetic low is suggestive of magnetic mineral destruction from hydrothermal alteration. This principal target is also coincident with historical drilling by Prospection and Newmont; however, a 3D review indicates that due to the short drill hole lengths of that era, these two historical drilling programs do not provide an explanation for the large MobileMT geophysical anomaly, which suggests that additional, deeper drilling is warranted. The Partners plan on twinning FUD-001 (Newmont drill hole) in Q1 2022, as part of a 2,500-metre drilling program. This program was delayed to accommodate additional community relations and social work with stakeholders that includes but is not limited to the Ecuadorian government and Indigenous leadership. Twinning Newmont's FUD-001 drill hole is critical in not only validating their historical intersection of 323.09 metres, grading 0.23% copper and 0.40 g/t gold, but also examining the deeper MobileMT anomalies (see June 15, 2020 news release). Technical Information and QAQC 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. Table 1: Drill Collar Information (UTM Datum - Provisional South American 1956, Zone 17)
SOURCE Adventus Mining Corp. Contact from Adventus, please contact Christian Kargl-Simard, President and Chief Executive Officer, at +1-416-230-3440 or christian@adventusmining.com. Please also visit the Adventus website at www.adventusmining.com and LinkedIn page at https://www.linkedin.com/company/adventus-mining-corporation; For further information from Salazar, please contact ir@salazarresources.com. Dieser Artikel stammt von Rohstoff-Welt.de
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