WELCOME TO THE Ecometals HUB BY AGORACOM
Ecology + Economics
Message: LAST WEEK OF AUG IS EC's BIG WEEK!
Your Vote:
Did you know?
You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)
Ecometals Announces Progress on Permits and Planning for Drilling Rio Zarza Gold Project Ecuador Toronto, Ontario – 12 August 2009 – Ecometals Limited (TSX-V:EC) Ecometals Limited is pleased to announce positive progress in obtaining necessary permits for diamond drill testing on the Rio Zarza Gold Project of anomalous geophysical and geochemistry results and structural scenario analogous to Kinross’ neighbouring Fruta del Norte Gold Deposit. Rio Zarza Gold Project The Rio Zarza Gold Project is located north of Zamora, the district capital of Zamora Chinchipe province, southeastern Ecuador. The project adjoins the Kinross (formerly Aurelian) exploration license which covers the Fruta del Norte epithermal deposit with a reported 13.7Moz Au (Micon, 2007). Permits The stages and permits necessary prior to continued exploration and drilling according to the new Mines Act and Government directives are as follows: Permit Authority Status Terms of Reference for EIA Ministerio de Ambiente Approved (before Moratorium) Suspension of Exploration Activities Lifted Ministerio de Minas y Petróleo approved Water Management Study (Plan de Agua) Secretaria Nacional del Agua approved Water Use Permit Secretaria Nacional del Agua approved Environmental Impact Assessment Study (EIA) Ministeria del Ambiente approved Environmental Management Plan (Plan de Manejo) Ministeria del Ambiente submitted for approval Environmental License Dirección Nacional de Minas (DINAMI) submitted for approval Environmental Bond Renewal Ministeria del Ambiente pending issue of Environmental License The final remaining Environmental Management Plan and Environmental License approvals are expected to be received this month. The renewal of the environmental bond is a routine process and immediately follows the Environmental License issuance. Preparation for Drilling In anticipation of the imminent approval of these permits, Ecometals is taking the following actions preparing for the start of 1200m of diamond drill testing of combined geological, structural, geochemical and geophysical anomalies: •
Requests for proposals from and negotiations with international and
local Ecuador-based drilling contractors
•
Camp refurbishment, including expansion for labour accommodation,
core storage and logging shed
•
Direct impact local community meetings to inform about drilling
programme and environmental protection measures
•
Local hiring in direct impact communities of labour and technical
personnel
•
Refinement of drilling targets, combining geophysics, soil and rock
geochemistry, mapped geology and structure
•
Established sampling, QA/QC and analytical protocols (fire assay Au,
multi-element ICP) Drilling will utilize a man-portable rig to minimize the environmental impact of access road construction. Drill holes will be inclined to determine the orientation of structures and mineralized veins. Holes will start using HQ (nominal 63.5mm) and reduce to NQ (47.6mm) with depth. Core will be transported from the drill site to the Rio Zarza camp, where logging and sampling will be conducted. Samples will be despatched using full chain of custody documentation to the ALS Chemex sample preparation laboratory in Quito and analysed at the Als Chemex laboratory in Lima, Peru. ALS Chemex is an ISO certified laboratory. QC will include standard insertion of control samples (blanks, Certified Reference Material, and duplicates) at 10% frequency, and the in-house Qualified Person will supervise drilling and sampling.
Au
Hg
Sb
As
Cu
FdN
RZDDH09-01
RZDDH09-02
RZDDH09-03
RZDDH09-05
2.5
120.25.0
1278..502.5 7.0
2.5
7.0
15.0
2.5
2.5
Ö
Rio Zarza Camp
Geology map of the Rio Zarza project area showing geology, geophysical and geochemical anomalies and planned drill targets Further details and maps of the planned drilling program can be obtained from the Ecometals Web site (www.ecometalslimited.com). Chief Executive Officer Fran Scola said, “
The regularization of the mining
industry and increased environmental protection measures in Ecuador have created a more equitable and competitive industry more in line with Canadian norms. This will add considerably to sustainable economic diversification and development, and Ecometals is pleased to be a contributor to this
”.
Qualified Person
SR McMullan, P.Geo, Vice President of Exploration for Ecometals Limited, is
a qualified person according to National Instrument 43-101 definition and has
supervised the preparation of the technical information included in this press
release.
About Ecometals
Ecometals Limited is a Canadian-listed mineral exploration and development
company focused on mineral resources in Latin America. Ecometals also has
significant manganese and iron projects in Brazil at grass roots and
development planning stages.
Contact Information
Investors:
Fran Scola
Chief Executive Officer
e-mail:
scola@lfmpartners.com
Daniel Major
Chief Operating Officer
e-mail:
daniel.jmajor@btopenworld.com
Information:
Loading...
Loading...
New Message
Please
login
to post a reply