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.
Osisko Metals of Montreal has released additional assays from 145 drill holes completed in the L-36 and L-35 areas in the East Mill zone at the Pine Point zinc-lead camp. The intersections are within flat, tabular deposits and are located between nine to 51 metres below surface.
Excellent results came from hole EM-18-PP-331 that intersected 10.23% zinc and 9.19% lead over 13.1 metres and hole EM-18-PP-209 intersected 9.60% zinc and 1.53% lead over 13.5 metres.
Notable assays were also received from hole EM-18-PP-211 that cut 20.28% zinc and 5.92% lead over 6.0 metres and hole EM-18-PP-351 WITH11.62% zinc and 2.50% lead over 10.0 metres.
Osisko gave an initial 2018 inferred resource of 38.4 million tonnes grading 4.58% zinc and 1.855 lead. The current drill program will convert unclassified, near surface historical mineralization into the current resources and to locally extend known zones of mineralization.
(This article first appeared in the Canadian Mining Journal)
