EXPLORATION & DEVELOPMENT

Adventus hits high grades in Ecuador

Shares in Adventus Zinc Corp (TSXV:ADZN) shot up almost 40% on Friday but were unchanged yesterday on the release of further high-grade results from the initial drilling programme at its Curipamba joint venture in Ecuador.

Staff reporter
 The Sesmo target south of El Domo

The Sesmo target south of El Domo

Highlights from drilling at the Sesmo target, south of the El Domo deposit, included 19.88m at 4.3g/t gold, 95.1g/t silver, 0.09% copper, 0.33% lead and 0.72% lead, from 10.12m.

Adventus said the Sesmo area was characterised by outcropping high-grade gold and silver mineralisation and was last explored in 2007.

El Domo's indicated resource was increased 44% in a January update, to 8.8 million tonnes grading 1.62% copper, 0.27% lead, 2.42% zinc, 2.34g/t gold and 48g/t silver.

Adventus is earning a 75% interest in the 22,000ha project near Las Naves from Salazar Resources (TSXV:SRL), by spending US$25 million on exploration over five years.

Adventus raised C$10 million (US$7.8 million) towards exploration in Ecuador in December.

Its shares had hit a 52-week low last Thursday of C51c, after releasing its annual results, then shot up more than 39% to 85c on Friday. It was unchanged yesterday at 85c, representing a rise of 11.84% year-to-date.

Salazar shares also rose on Friday, from 12.5c to 14c and were unchanged yesterday equating to a gain of 7.69% year-to-date.

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.