Exploration by Peruvian Gold (PVO-V) is testing a gold prospect in northern Ecuador.
The latest results from the Encanto gold porphyry prospect include narrow, 1-metre intervals of mineralization ranging from 7.6 to 30 grams gold and 5.2 to 46.7 grams silver per tonne.
Holes 10 through 17 tested the extent of high-grade mineralization beneath trench 4A, which averaged 11.4 grams gold and 10.8 grams silver over 16.3 metres. Only four of the holes managed to intersect values greater than 2 grams gold over 1-metre sections.
Peruvian Gold drilled a total of 29 holes from seven sites in a program spanning 2,500 metres. The work was designed to test an area of a porphyry where trenching returned high-grade numbers from a zone of interest that extends 870 metres along strike and 500 metres vertically.
Assay results are pending for 12 holes that tested mineralization beneath trenches 5 (11.35 metres of 4.5 grams gold and 21.5 grams silver) and 7 (23.6 metres of 21 grams gold and 29.4 grams silver).
The Encanto prospect is contained in the Bonita concessions, which cover 20,326 ha of leases. Peruvian Gold holds the right to earn a 60% interest in the concessions.
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