Drilling has outlined four main, open-pit target zones at the Pachicutza gold property in Ecuador.
TVX Gold (TSE) has two rigs working its 92%-owned property where (to date) 23 holes, representing 5,650 metres, have been drilled. TVX projects its investment on the project will reach $4 million by the end of the year. The four target zones are known as Los Cuyes, San Jose I, Reina del Cisne-Luna and La Pangui.
Los Cuyes is on the western edge of a breccia pipe at least 500 metres in diameter and with branches over another 500 metres.
San Jose I is a medium-sized breccia pipe, at least 50 metres in diameter. Reina del Cisne-Luna contains several medium-sized breccia dykes and structures at an elevation 500 metres higher than Los Cuyes. La Pangui contains more than eight large, parallel veins mined by pick-and-shovel miners down to about 50 metres.
The company plans to drill at least 30,000 metres in 1995, filling in the known mineralized target zones and delineating new targets.
An exploration budget of $9 million is forecast for 1995, with commencement of feasibility studies targeted for late 1996.
Be the first to comment on "Two TVX rigs at Pachicutza"