Look...
posted on
May 30, 2011 10:29PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
what trenching did for these guys shareprice. Also look how they view Geophysical surveys and how it put the geos right on the gold.. They are located approx 150 km NE of our Cueava Blanca property
By all accounts the Cordillera del Condor Gold, Copper District along the Ecuador border in Peru is a huge area to explore, does the company have a strategy in place to expedite exploration?
Yes, this is a large land position and efficient exploration required an efficient approach. Systematic on-the-ground exploration could take decades and was quickly ruled out. Airborne geophysics is the approach that has been taken and it has been fast, cost-effective and successful. If readers are interested in the details of the technique, Dorato has provided an explanation of techniques on the company website. In short, a helicopter makes a series of low-flying passes over the block, collecting data on magnetic, electromagnetic and radiometric properties of the rocks. Geologists and geophysical experts then review the data and identify a series of targets based on anomalies. These targets are approximately 2 km by 2 km in size and are small enough to allow systematic on-the-ground evaluation. This is done by collecting geochemical data on ground and by geological mapping and sampling. By collecting this data, the geologists can continually re-prioritize the targets as data is received from the lab. The process of re-prioritizing means that you are always drill testing your best targets first, increasing the chances of an early success. Geophysical data cannot directly detect gold mineralization, but the data does point to certain physical properties of the rocks at surface – it gets you into the right area fast.
The company released some very encouraging trenching results (188 metres of 2.08 grams per tonne) from the Lucero target and the shares of Dorato essentially doubled from 70 cents to $1.40 – how are things progressing at Lucero?
Minera Afrodita’s exploration at Lucero is progressing extremely well. The initial discovery of surface mineralization was in a completely virgin area and was achieved after interpretation of airborne geophysical data. This is important as it bodes well for screening of additional geophysical targets through the remainder of 2011. In the case of Lucero, the geologists who initially checked the anomalies on the ground were able to quickly find gold mineralization and massive magnetite and sulphides associated with skarn mineralization. If the other geophysical anomalies can be relied upon in this way, the geologists will have a great chance of finding a significant deposit in the near to medium term.