Highlights of the 2020 Curipamba exploration program:
- A minimum 10,000-metre exploration drill program designed to evaluate the 15 new targets identified through the MobileMT airborne survey and Target Generation Initiative ("TGI"), aiming for a new regional discovery;
- A minimum 3,000-metre drill program that will provide additional data for engineering purposes on the El Domo VMS deposit, located within the Curipamba project, which will include a geotechnical drilling program covering key infrastructure sites as discussed in the preliminary economic assessment study ("PEA") filed on SEDAR in 2019, and;
- Continued regional sampling to develop and groom targets for future exploration work.
The Curipamba project is comprised of seven concessions representing about 21,500 ha and includes the El Domo deposit. No systematic exploration work has been conducted on the greater Curipamba project area since the discovery of the El Domo deposit in 2008 by Salazar, which was a key driver for undertaking the MobileMT geophysical survey. Since completion of the MobileMT geophysical survey, the Partners have made significant progress generating targets through the processing and integration of all geoscience data collected from surficial geochemistry, geological mapping, prospecting, drilling, and ground geophysical surveys. The various data sets have been compiled in order to produce a matrix that will drive exploration logistics and planning through 2020 on priority ranked targets. Targets have been classified as either volcanogenic massive sulphide ("VMS")-related, such as the El Domo deposit, or porphyry-related.
In total, 15 compelling targets have been defined during the TGI process, which are being refined by technical field staff for further priority ranking and drilling logistics. Of notable importance is that most of these targets are in new areas within the 21,500 hectares that have not undergone systematic exploration or drilling. For additional reference, a basic map outlining the 15 new regional targets at the Curipamba project has been posted on the Adventus website.
Both target generation and delineation will continue over the next year, as will surficial geochemical surveys and geological mapping in order to advance the understanding of the geological controls on mineralization and to further delineate highly prospective areas. The results are expected to aid in further developing a pipeline of drill ready locations in the favourable strata that hosts the El Domo deposit. A minimum drilling budget of 10,000 metres and financial budget of approximately
The PEA is titled "Technical Report on the Preliminary Economic Assessment for the
Highlights of the 2020 Pijili and
- A 5,000-10,000-metre exploration drill program covering both the Pijili and
Santiago projects; - Evaluation, planning and construction of project infrastructure at
Santiago to support exploration activities, and; - Continued regional sampling and evaluation of targets for future exploration work.
Since the second quarter of 2019 completion of the MobileMT geophysical survey at the Pijili project, a regional surficial geochemistry sampling program coupled with detailed property mapping for geology and hydrothermal alteration has been systematically grooming drilling targets. The recently completed upgrade of exploration infrastructure at the Pijili project means that field crews are now fully supported to undertake drilling. The main targets at the Pijili project are Cu-Au-Mo porphyry and orogenic gold deposits.
At the
Conference Schedule
Over the next few months, the Partners are pleased to have senior management representatives at the following conferences:
- AME Roundup 2020,
Vancouver ,January 20-23 rd - 2020
TD Securities Mining Conference ,Toronto ,January 22-23 rd BMO Global Metals & Mining Conference ,Hollywood, Florida ,February 23-26 thPDAC Convention ,Toronto ,March 1-4 th- LBS 2020
Mining Conference ,Montreal ,April 1-2 nd
Qualified Person
The technical and scientific information of this news release has been reviewed and approved as accurate by Mr.
About Adventus
About Salazar
Salazar aspires to be
Neither the
This press release contains "forward -looking information" within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as "believes", "anticipates", "expects", "is expected", "scheduled", "estimates", "pending", "intends", "plans", "forecasts", "targets", or "hopes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "will", "should" "might", "will be taken", or "occur" and similar expressions) are not statements of historical fact and may be forward-looking statements.
Forward-looking information herein includes, but is not limited to, statements that address activities, events or developments that Adventus and Salazar expect or anticipate will or may occur in the future. Although Adventus and Salazar have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Adventus and Salazar undertake to update any forward-looking information except in accordance with applicable securities laws.
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