Chinalco could invest $426 million in Suriname bauxite project
If approved by parliament, Chinalco could begin construction by the middle of next year.
Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) announced on Wednesday continued infill drilling results from the copper-gold El Domo deposit in central Ecuador.
The highlight intercepts include 6.14 metres of 14.91% copper, 21.02 g/t gold, 10.39% zinc, 255.3 g/t silver, and 0.75% lead for 37.48% CuEq. – including 4.22 metres of 19.11% copper, 24.36 g/t gold, 10.93% zinc, 309.5 g/t silver and 0.83% lead for 45.00% CuEq.
Midday Wednesday, Adventus’ stock was up 11%
According to the companies, a total of 15 infill definition drill holes have been successfully completed totaling 1,573 metres from the planned 4,960 metres, with two drill holes currently in progress totaling a further 119.20 metres completed.
In 2017, Adventus entered into an agreement with Salazar whereby Adventus may earn a 75% interest in the Curipamba project by funding exploration and development expenditures of $25 million over five years.
The Curipamba project comprises seven concessions representing approximately 21,500 hectares and includes El Domo.
Midday Wednesday, Adventus’ stock was up 11% on the TSXV. The company has a C$124 million market capitalization.
