Globestar Mining (GMI-V) and Everton Resources (EVR-V) have intersected significant copper while drilling in the Bayaguana joint venture area, northeast of Santo Domingo in the Dominican Republic.
A hole drilled 300 metres south of previous drilling at the Dona Loretta deposit has intersected 93 metres grading 0.6% copper from a down-hole depth of 44 metres. This intercept includes 48.8 metres grading 0.7% copper in the upper part of the interval and 15 metres grading 1.1% copper at the bottom.
The target extends in a westerly direction toward the Dona Amanda copper deposit. The mineralization is in brecciated zones within a quartz-feldspar porphyry. The brecciation strikes north-northwest and both geochemical and geophysical anomalies are coincident with the zone.
Dona Amanda is 4.5 km west of Dona Loretta and has an inferred resource of 45.5 million tonnes grading 0.45% copper and 0.22 gram gold per tonne, based on a 0.3% copper cutoff. The area is underlain by limestone and evaporites, which overlie volcanic rock. Anomalies are locally masked by the evaporites.
Drilling is ongoing at Dona Loretta, where a 3.5-km-by-800-metre copper anomaly is coincident with a high-chargeability anomaly with dimensions of 1 km by 300 metres. A copper-gold zone is in this southern area. A separate chargeability anomaly (900 by 300 metres) is found in the northern region of this geochemically anomalous area.
Everton has an option to earn a half-interest in the Bayaguana project.
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