ECUADOR GOLD AND COPPER CORP V.EGX

What's going on at Chinapintza?

[TheMerlion]

Drilling in 2012 (the first since 1996) 
 

Guangshou Ecuador drilled a single exploration hole (DCH-176) in 2012 incurring direct drilling costs in the amount of US$103,577. DCH-176 was drilled most recently in 2012 as an exploration core hole designed to test for additional new veins to the west of the existing known mineralization. Unfortunately, the assay results for DCH-176 show no significant gold intercepts and has thus limited the discovery of any new mineralization in that immediate area.

Just to follow on from the negative results above which will be news to the PUMPERS here because, although the constant bang on about how good this JV is, they simply will be clueless of the facts.

10,000mtrs of drilling was planned in 2013 on Chinapintza but it never happened. See below for details of the planned exploration program:

• 10,000 meter drill campaign to expand NI 43-101 mineral resource planned for Q4 2013

https://www.cpamining.com/chinapintza-overview/

Even more concerning, other than the single negative drill result in November 2012 and the non event which was the proposed 10,000mtrs drill campaign, is the fact that it has been published that CPA has serious doubts going forward:

Chinapintza Mining Corp. Auditor Raises 'Going Concern' Doubt

May 30 13

Chinapintza Mining Corp. filed its Annual on May 30, 2013 for the period ending Dec 31, 2012. In this report its auditor, SF Partnership, LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

https://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CPA:CN