Drilling by Zappa Resources (VSE) has uncovered widespread, low-grade gold mineralization at the Ponce Enriquez project in southwestern Ecuador.
Work to date has focussed on two gold zones, the Guadalupe and Papa Grande, which are associated with a northwest-trending diorite intrusive 3,000 metres long and 100-500 metres wide.
Drilling within the defined Guadalupe zone, which measures 1,500 metres long and 300 metres wide, returned the following selected intervals: 54 metres of 1.47 grams gold per tonne for hole 2; 138 metres of 0.69 grams (including 0.93 grams over 28 metres) for hole 7; 110 metres of 0.68 grams (including an interval grading 0.97 grams over 48 metres) for hole 10; and 160 metres of 1.42 grams (including 7.88 grams over 18 metres) for hole 12. On the adjacent Papa Grande concession, ongoing trenching continues to confirm mineralization over the outlined zone, returning the following representative assay results: 18 metres of 0.32 grams; 24 metres of 1.23 grams; 9 metres of 7.15 grams; 36 metres of 0.94 grams; and 6 metres of 3.1 grams.
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