Iam not going to speculate how much gold the assays will show us. Inmyeyes the drilling of the first drill hole was a major success. Iamgoing to underline my thesis with some links and pointing out whythegeology of the core indicates gold intersections ( i am notageologist, but for everything in the world there is literature).
Results Ecometals:
https://www.ecometalslimited.com/projects/results.pdf
Technical Report Fruta Del Norte (Aurelian/Kinross)
https://www.pifinancialcorp.com/email/aru-apr23-07.pdf
1.
Ecometals report (imo the most important part):
Fruta Andesite is generally propyllitic altered (chlorite-epidote-carbonate), with
carbonate-quartz veining and hydrothermal brecciation, manganese minerals, and
trace disseminated and veinlet sulphides
Check out this link (Page 3)
https://www.geology.bas.bg/mineralogy/gmp_files/gmp43/Nadasan.pdf
Fig. 3. Core tray from hole RFSD051 (139.2-143.4 m), representative for hydrothermal breccia. The gold
grade of this section ranges from 2.26 to 12.36 g/t
It is easy to compare: hydrothermal brecciation is a indicator for high-grade gold (in this reference : 12,36g/t)
2.
Comparison of some geology with Aurelian's technical report:
Aru's report page 23 Picture K)
Ecometals: Page 3/5
"Ecometals" Fruta Andesite: Rhodochrosite (manganese carbonate)
veins with manganese (compare to point nr.3 ) oxides (pyrolusite/psilomelane)...
3.
Aru report page 26:
The manganese-rich stock work zone within the andesites dips to the north and to the
south merges with the andesite-conglomerate contact over a strike length of ~450m
Ecometals report:
Fruta Andesite is generally propyllitic altered (chlorite-epidote-carbonate), with
carbonate-quartz veining and hydrothermal brecciation, manganese minerals, and
trace disseminated and veinlet sulphides
Ihopei could give you some kind of input by this easy comparison. Justlikeit said, based on the facts by comparison and literature iconclude thatwe will see gold intersections in our first drill hole.This is thefirst real info we got. On page 1 of the Ecometals reportis a nicesummary which proves that our geology is similar to FDN.
Mythoughtsare that there is gold but only assays will show how much ( idon'texpect huge intersections but some nice smaller intersections).Drillingof hole number 2, yes there is where i expect much with aevery daypossible news release of visible gold (damn, i am starting tospeculateagain :-) This would create a big hype. Ok STOP Swissinvestor!
Don'texpectbig reactions on the share price this week because broker houseswillneed time to review and interprate the ec-report by theirgeologists. Sowatch the volume next week or 2 closely. I placed mybids for some lowvolume dips but i doubt that we will see some dips.But at least we cansleep well now, knowing that there is somethingbuilding.
I willrepost this a few times the next days because ithink the trash that thebasher are posting here every day "on mass"should get some fundamentalrepost. They are trying to get good, informative and fundamental ofevery poster off the first site of the bullbuard with spamming.
Afterreviewing this info iexpect assays at the end of the first week ofmarch or the 2nd week.And don't forget. News on drill hole 2 cansurprise you every day.
The last words (Ec-report: 2/5):
"Drill hole RZDDH10-05 is considered a technical success in meeting the planned objectives. The hole explained
the IP Chargeability response as magnetite and alteration in the Fruta Andesite, confirmed that the volcanosedimentary
stratigraphy of the structural pull-apart basin is present in the project area, and alteration and
mineralization indicative of hydrothermal processes are present and nearby."