Adventus Mining, Salazar Resources drill 6.03% CuEq over 21 metres at Curipamba, Ecuador
Adventus Mining Corp. [ADZN-TSXV; ADVZF-OTCQX; AZC-FSE] and partner Salazar Resources Ltd. [SRL-TSXV; SRLZF-OTCQX; CCG-FSE] reported additional infill drilling results from the underground portion of the El Domo volcanogenic massive sulphide deposit located within the 21,537-hectare Curipamba project in central Ecuador.
Highlights of drill results from the El Domo deposit at Curipamba: CURI-408 intersected 21.00 metres 4.43% copper, 3.40 g/t gold, 2.28% zinc, 36.1 g/t silver, and 0.01% lead for 6.03% copper equivalent (CuEq), including 14.35 metres grading 5.74% copper, 4.24 g/t gold, 2.43% zinc, and 40.5 g/t silver and 0.01% lead for 7.54% CuEq.
CURI-409 intersected 5.27 metres of 3.99% copper, 0.80 g/t gold, 0.20% zinc, 10.2 g/t silver, and 0.01% lead for 4.70% CuEq.
CURI-411 intersected 6.18 metres of 3.40% copper, 2.35 g/t gold, 3.67% zinc, 133.6 g/t silver and 0.58% lead for 5.82% CuEq, including 1.85 metres of 8.20% copper, 2.68 g/t gold, 5.25% zinc, 260.8 g/t silver, and 0.99% lead for 11.35% CuEq.
Drill hole CURI-406 intersected a thick section of semi-massive to massive sulphide from 192.87 to 204.27 metres with an intercept from 192.87 to 202.74 metres, grading 1.25% copper, 0.86 g/t gold, 1.22% zinc, 20.4 g/t silver, and 0.09% lead. Two higher-grade subsets of the intercept were intersected from 192.87 to 194.14 metres, grading 3.39% copper, 2.05 g/t gold, 3.15% zinc, 116.6 g/t silver, and 0.58% lead, and from 199.47 to 201.68 metres, grading 1.90% copper, 0.81 g/t gold, 2.51% zinc, 11.8 g/t silver, and 0.04% lead.
CURI-408 intersected a wide section of low-grade, pyritic, semi-massive from 184.42 to 190.65 metres, but transitioned into a 21-metre intercept from 190.65 to 211.65 of semi-massive to massive sulphide, grading 4.43% copper, 3.40 g/t gold, 2.28% zinc, 36.1 g/t silver and 0.01% lead. A higher-grade subset was intersected from 196.34 to 210.69 metres, grading 5.74% copper, 4.24 g/t gold, 2.43% zinc, and 40.5 g/t silver and 0.01% lead.
Drill hole CURI-409 intersected massive sulphide mineralization from 206.80 to 212.07 metres, grading 3.99% copper, 0.80 g/t gold, 0.20% zinc, 10.2 g/t silver, and 0.01% lead. Low-grade mineralization does continue into the footwall alteration below the massive sulphide mineralization, but it is predominantly pyrite intercalated with gypsum alteration.
Drill hole CURI-410 intersected semi-massive sulphide mineralization from 227.55 to 232.73 metres with only a narrow intercept from 230.33 to 231.02 metres, grading 1.34% copper, 0.32 g/t gold, 0.04% zinc, 6.2 g/t silver, and 0.02% lead. Mineralization continued deeper into the footwall volcanic rocks and gypsum alteration zone from 240.74 to 244.16 metres, grading 1.18% copper, 0.08 g/t gold, 1.24% zinc, and 2.8 g/t silver.
Drill hole CURI-411 intersected semi-massive to massive sulphide mineralization from 122.02 to 128.20 metres, grading 3.40% copper, 2.35 g/t gold, 3.67% zinc, 133.6 g/t silver, and 0.58% lead. A higher-grade section occurs from 122.66 to 125.63 metres, grading 5.08% copper, 4.12 g/t gold, 6.58% zinc, 236.4 g/t silver, and 1.13% lead.
Drill hole CURI-407 was designed to test the outer margins of the Indicated category material along a fault and to further assess the underground development geology. This drill hole confirmed modelling previously done in this portion of the deposit and provides additional geological control for future modelling and engineering studies. CURI-407 did not yield any substantial results but did intersect wide mineralization in the footwall volcanic rocks and alteration zone.
All results from the infill drilling program are to be used in updating the underground portion of the Mineral Resource estimate for El Domo in 2023, which will be part of a future feasibility study that will integrate the development a potential underground operation in addition to the planned open pit.
Christian Kargl-Simard, President and CEO of Adventus, announces the resignation of Jason Dunning, P.Geo, Vice President of Exploration to be effective at the end of February 2023. Dunning will remain as a non-Executive Technical Advisor.
Adventus Mining is majority owner of the 215 km2 Curipamba copper-gold project, which has a completed feasibility study on the shallow and high-grade El Domo deposit. In addition, Adventus Mining is engaged in a country-wide exploration alliance in Ecuador, which has incorporated the Pijili and Santiago copper-gold porphyry projects to date.
Salazar Resources has carried interests in three projects. At its maiden discovery, Curipamba, Salazar Resources has a 25% stake fully carried through to production. At two copper-gold porphyry projects, Pijili and Santiago, the company has a 20% stake fully carried through to a construction decision.