Expanding resources at Dona Loretta

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.

Print

Be the first to comment on "Expanding resources at Dona Loretta"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close