EXPLORATION & DEVELOPMENT

Infill drilling hits more high grades at Curipamba

Exploration partners Adventus Zinc (TSXV: ADZN) and Salazar Resources (TSXV: SRL) have hit 5.09m at 37.45% copper-equivalent in further high grade results from infill drilling at the El Domo VMS deposit in Ecuador.

Staff reporter
Exploration partners hit 5.09m at 37.45% CuEq

Exploration partners hit 5.09m at 37.45% CuEq

The project has drawn the attention of Wheaton Precious Metals, which was the largest participant in Adventus' C$9.2 million (US$7 million) equity raising that closed last week, giving it a 9.99% stake in the company.

The above-mentioned intercept comprised 2.67% copper, 21.59g/t gold, 38.46% zinc, 338.8g/t silver and 5.32% lead; and was part of a broader 9.98m at 23.06% CuEq.

Adventus and Salazar are about two-thirds of the way through the infill drilling programme within the higher-grade portion of the openpit constrained resource. 

Adventus is earning 75% of the 22,000ha Curipamba copper-gold-zinc project from Salazar.

A Wheaton subsidiary has also paid C$800,000 (US$607,000) cash to Adventus for certain first rights relating to new precious metals royalties or streams over its interests in Curipamba and its Ecuador exploration alliance, as well as future projects acquired by Adventus in Ecuador.

Adventus updated El Domo's resource in January to an indicated 8.8 million tonnes grading 1.62% copper, 0.27% lead, 2.42% zinc, 2.34g/t gold and 48g/t silver; and an inferred 2.6Mt at 1.29% copper, 0.14% lead,1.51% zinc, 1.09g/t gold and 29g/t silver.

Salazar shares were unchanged at C12c yesterday, while Adventus rose 12.5% to 90c.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.