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Ecuador Gold & Copper Corp. (TSXV:EGX) reported new exploration results at its El Hito copper porphyry deposit at its Condor gold and copper concessions. The project is located within the Zamora Gold and Copper belt in southeast Ecuador.
Ecuador Gold & Copper Corp. (TSXV:EGX) reported new exploration results at its El Hito copper porphyry deposit at its Condor gold and copper concessions. The project is located within the Zamora Gold and Copper belt in southeast Ecuador.
As quoted in the press release:
The Company drilled five new drill holes at El Hito in 2013, part of the previously announced drill program on the Company’s extensive Condor Gold property. Drilling resulted in the new resource calculation and confirmed the potential for a significant copper deposit at El Hito with higher grade zones within a larger porphyry copper deposit. EGX drilling intersected relatively continuous copper mineralization over lengths of 500m and up to 700m from near surface in every hole, and two holes (DEH-05 and DEH-07) encountered grades of 0.4% to 0.5% Cu over at least 200m with highest grade sections averaging up to 0.7% Cu. Porphyry copper mineralization is associated with a Late Jurassic dioritic intrusive complex hosted by Jurassic age plutonic rocks of the Zamora batholith. Two major structural orientations are exhibited by steeply dipping intrusive contacts, quartz veins, sulfide-mineral veinlets, and faults striking north and northwest. The majority of the diorite complex is moderately to strongly quartz-sericite-pyrite (phyllic) altered, overprinting potassic alteration at depth.
Click here to read the Ecuador Gold & Copper Corp. (TSXV:EGX) press release
