TSXV:SBL - Post Discussion
Post by
tpaymans on May 23, 2013 8:22am
To remember
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.
Be the first to comment on this post