NR for GML - good news for ARUHere's the NR just out on the property 300 metres west of ARU: If confirmed by further exploration it means that ARU is open to the west right off the ARU claims and over to GML. That adds a lot of tonnage to ARU once it's proven up.
Goldmarca geological interpretation indicates gold prospective zones 300 metres west of Aurelian discovery
12:47 EDT Thursday, August 10, 2006
TSX-V: GML
PANAMA, Aug. 10 /CNW/ - Further to Goldmarca Limited's (TSX-V:GML) news release of July 12, 2006 announcing the acquisition of the Eccolmetals Property, Ecuador, the initial geological interpretation has been completed and the results indicate a highly prospective zone for gold mineralization. The Eccolmetals Property is 300 metres west of Aurelian's high-grade gold properties Fruta del Norte ("FDN") in the Condor Gold Belt, Ecuador. See Figures 1 and 2 https://files.newswire.ca/499/GoldMarca_MAPS_Aug10.doc 2006.
Preliminary geological interpretation by Goldmarca indicates the gold mineralization in the FDN discovery zone and adjacent properties is controlled by major faults and shear zones and preserved in graben structures where the sandstone cover the gold system from erosion. Notably, Goldmarca, in the Eccolmetals Property, has identified prospective zones that have some 10 kms (6 miles) of strike of favorable structural controls for gold mineralization and are immediate drill test targets. In the east border (limit) of the Eccolmetals Property there is a concentration of the majority of the Aurelian high-grade targets (FDN and Bonza-Pena zones) controlled by a convergence zone of two regional faults, north-south plane and northeast alignments (Rio Branco and Las Penas Fault) with two local faults planes northwest, connected directly with the intrusive batholith 2 kms to the west. All of these faults are inside the Eccolmetals Property (Machinaza fault northwest trend). This provides evidence that the eastern side of the Eccolmetals Property is a highly prospective gold target.
Utilizing exploration knowledge of the region several targets have been identified inside the Condor Gold Belt, both previously and currently evaluated, the gold mineralization settings are favored by the open traps in volcanic and volcanica-clastic piles in the proximity to the contact with the Zamora Intrusive Batholith. The structural framework generated during the intrusion and the contact zone in this geological situation is the control and provided avenues for the channeling fluids and strong alteration - interaction, leaching, transport and deposition traps of the gold mineralization.
Work Program
Surveying of 40km grid lines has commenced on the Eccolmetals Property in preparation for geological mapping and geophysical induced polarization survey to better define drill targets.
Dr Howard Lahti, Ph.D. Geology is acting as the Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.
Condor Drill Results
Goldmarca is waiting for receipt of assay results from six drill holes from the Condor gold Project. Drill results will be released on receipt of the assays and independent verification thereof.
On behalf of the Board of Directors,
Robin Slaughter
President and Chief Executive Officer