Santa Barbara Resources Ltd V.SBL

To remember

[tpaymans]

Todays infered total of 910000 OZ

That means 180 milion revenu when they managed to win 200 CAD per OZ that is 7 CAD per share!

Ecuador Gold announces Santa Barbara Drill Results Of 206 Meters @ 1.01 G/t Gold and 0.12% Copper Including 88 Meters @ 1.35 G/t Gold and 0.14% Copper

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

VANCOUVER, Feb. 26, 2013 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX), (the "Company" or "EGX") is pleased to announce assay results from drill holes DSB-20 and DSB-21 at its Santa Barbara gold-copper porphyry deposit. The Santa Barbara deposit is located within the Company's 8,300 hectare Condor Gold and Copper Project in the Zamora Gold and Copper Belt, Southeast Ecuador. Drill hole DSB-21 returned significant results including 206m averaging 1.01 g/t Au, 0.12% Cu and 1.14 g/t Ag within a continuously mineralized 350m interval that averaged 0.74 g/t Au starting at 68m. Best gold grades were encountered from 140m to 228m (88m) where grades ranged consistently over 1.00 g/t Au up to 2.8 g/t Au, averaging 1.35 g./t Au, 0.143% Cu and 0.89 g/t Ag. Full assay results are described in the table below.

Three drill holes were completed at Santa Barbara as part of the previously announced 10,000 meter Phase I drill program on the Company's extensive Condor Gold and Copper Project. DSB-19 showed 420 meters of 0.571 g/t Au including 101 meters grading 1.017 g/t (see Company News Release, October 17, 2012). In December, DSB-20 was collared 100m northwest of the mineralized zone on a roadside geochemical anomaly and failed to return significant results. DSB-21 intersected the main gold zone approximately 50m south of previous intercepts. The Santa Barbara South Zone currently hosts an NI 43-101 compliant inferred resource of 21.0 Mt of 1.00 g/t Au (675,000 oz) while the Santa Barbara North zone (500m to the northeast), contains a further inferred resource of 5.0 Mt of 0.90 g/t Au (145,000 oz). For further details see the Company's web site at www.ecuadorgoldandcopper.com or the June 14, 2012 Technical Report at www.sedar.com.

Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32239375&l=0&r=0&s=SBL&t=LIST#bWfjMFQjOp6pxXUB.99

[fleeinggrandich]

That's not our company.

[tpaymans]

Oh I am sorry i made a mistake and you are completly right. I read this on our board and was assuming it was our company.   Sorry to all

[tpaymans]

If you are still interested here is a link to there project: https://www.sbr-ltd.com/s/Peru_Sancos.asp

[bwk1]

Cant wait till the tsxv turns around.  Santa barbara will defently prosper having rio backing them.  Just a waiting game on the market.  I would bet that the tsxv will follow gold price if gold goes back up.  Once gold hits 1600 a ounce i wouldnt be surprised to see new investors entering the juniors.

[bwk1]

To add onto my last post: Interesting article, apparently Warren Buffett and George Soros thinks there is some big changes ahead in the market.. https://www.arabianmoney.net/us-stocks/2013/05/22/warren-buffett-ready-for-a-stock-market-crash-with-a-record-49bn-in-cash/

[tpaymans]

Someone just took out the entire ask of 69000 shares

[Presclubs]

Well, that's positive at least.  Stock generally just sits there with very few exchanges, but I expect that to continue until a reason not too.

[fleeinggrandich]

That amounts to one guy taking a $5000 position. No big deal.