Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Great Bear Resources of Vancouver has hit grades as high as 30.15 g/t gold over 7.25 metres during drilling at its 100% owned Dixie project in the Red Lake District. Both the Dixie Hinge zone (DHZ) and Dixie Limb zone (DL) were drilled, sometimes with a single hole providing core from both zones.
At the DHZ hole 031 intersected four gold veins along a 141-metre wide zone of increased quartz veining and alteration. That hole returned three notable vein intersections: 7.3 metres of 30.15 g/t gold, including 1.5 metres of 130.49 g/t; 4.0 metres of 11.72 g/t gold; and 0.5 metre of 60.72 g/t gold. Of the 42 drill holes completed along the strike length of the DHZ, 26 of them cut intervals with more than 15 g/t gold.
Highlights from the DL zone included 39.2 metres of 2.07 g/t gold starting at approximately 25 metres below the surface. Included in that intersection were 9.2 metres of 5.43 g/t gold that in turn included 0.7 metre of 20.46 g/t gold.
Great Bear’s current drill program includes 30,000 metres to be completed this year. A second drill rig has been added on the property to speed up the program.
(This article first appeared in the Canadian Mining Journal)
