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Message: Nothing Happening on Ecometal property (west of FDN) until mid-2008

Nothing Happening on Ecometal property (west of FDN) until mid-2008

posted on Nov 28, 2007 02:25AM

For those that might be interested.  I saw the following post from Ecometals (formerly Goldmarca) on their property, now called ‘Rio Zarza Project’ that is adjacent to FDN on the west side.  Basically says (Rob's paraphrasing of a junior news release) we walked the property but didn't find anything of immediate interest but we will drill it in mid-2008 if ARU takes off and we can drive up our share price by doing some DD.

Source: http://www.marketwire.com/mw/release.do?id=796492

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Rio Zarza Project

The Rio Zarza Gold Project is located in the same lithostructural domain as Condor, but is at a higher erosional level and is partly overlain by Cretaceous sediments. The Rio Zarza Project is located approximately 700 metres west of the Fruta del Norte discovery by Aurelian Resources Inc. Fruta del Norte is an epithermal type deposit with a reported world class inferred resource of 13.7 million ounces of gold and 22.4 million ounces of silver.

Preliminary exploration work on the Rio Zarza project included geological mapping, multi-element soil geochemistry and geophysics. Gold in soil anomalies are mostly transported reflecting the alluvial material in the fossil and present-day Rio Zarza and Machinaza river drainage. Although the alluvial gold is considered locally derived, other elements are more diagnostic for in situ epithermal type mineralization. Significant antimony and arsenic anomalies have been defined, which merit further investigation.

IP/Resistivity surveys have located several anomalies with a characteristic signature typical of epithermal type mineralization. The geophysical response suggests subvertical silicified zones with sulphide mineralization.

The process of environmental permitting of the exploration work is under way, with the field studies completed, community presentation and consultation in the impact area complete, and the Terms of Reference for the Environmental Impact Assessment (EIA) submitted to Direccion Nacional de Mineria (DINAMI) for approval. The next stage of the process is another round of public consultation and approval of the revised EIA, which addresses community concerns.

Diamond drilling significant geochemical and geophysical anomalies will start immediately on approval of the EIA study, which is anticipated in the second quarter of 2008.

The corporate philosophy of Ecometals strongly emphasizes protection of the natural and human environment of the areas in which the company works. To reduce the environmental impact of diamond drilling, Ecometals is using a Hydracore man-portable drill rig that eliminates the need for construction of access roads in many areas. Ecometals also supports communities in the direct impact area surrounding the Condor and Rio Zarza projects for education, health and infrastructure projects.

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