Ecometals Limited: Exploration Summary 2011 and Plans for 2012, Rio Zarza Gold Project, Ecuador
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 01/13/12 -- Ecometals Limited (TSX VENTURE: EC)(BERLIN: GDQ)(FRANKFURT: GDQ) -
Ecometals Limited is pleased to announce the summary of 2011 results and plans for continuation of exploration activities on the Rio Zarza Gold Project in southern Ecuador.
Drilling Highlights
The 2011 drilling campaign on the Rio Zarza Gold Project comprised 4490.4m in 9 holes collared and completed to target depth.
The main conclusions that can be drawn from the drilling are as follows:
Results of the drilling continue to be encouraging for discovery of epithermal type gold mineralization analogous to the adjacent Fruta del Norte deposit operated by Kinross.
Stuart Simmons Project Visits
Dr. Stuart Simmons, an expert consultant in epithermal mineralizing systems and geothermal resources, visited the Rio Zarza project in June and November 2011 for an independent validation of the exploration programme and advice on drill targeting. The main points from recommendations by Dr Simmons are as follows:
Geological Open House
From 7 to 9 December, Ecometals hosted a Geological Open House at the Rio Zarza camp. Representatives from Kinross, Ecuacorrientes and Cornerstone attended, with presentations by the Ecometals technical staff on:
The Open House meetings consolidated thinking on the various aspects of the project and provided an opportunity to share ideas with peers in Ecuador and showcase the Ecometals operations. Much of the material presented will form the basis for updated content on the Company Web site and other presentations.
Plans for 2012 Exploration Programme
The exploration programme for 2012 includes the following main tasks and objectives:
Qualified Person
SR McMullan, P.Geo, Vice President of Exploration for Ecometals Limited, is a qualified person according to National Instrument 43-101 definition and has prepared the technical information included in this press release. Drilling, logging, sampling and dispatch is under the direct supervision of the Qualified Person and follows industry standard QA/QC protocols.
About Ecometals
Ecometals Limited is a Canadian-listed mineral exploration and development company focused on the mineral resources in Latin America. Ecometals also has significant manganese, iron and gold projects in Brazil at grass roots exploration and development planning stages.
Chief Executive Officer William Lamarque said, "Our fundamental exploration philosophy is that well executed programmes with incremental technical successes will ultimately lead to economic success, and we believe the results thus far remain encouraging and directed towards the ultimate goal.
"One additional comment I would like to make is the exceptional environmental and safety record working in a remote and hazardous environment, for which the Exploration Team is commended by the Board of Directors."
Safe Harbor Statement: Statements contained in this release that are not historical facts are forward-looking statements which involve risk and uncertainties, which could cause actual results to differ materially from those expressed in forward-looking statements.
These include risks relating to changes in economic or environmental conditions and the company's ability to execute its business model and strategic plans. The company relies on litigation protection for forward-looking statements.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Ecometals Limited - Investors
William Lamarque
Chief Executive Officer
Ecometals Limited - Investors
Andrew Robertson
Chief Financial Officer
Ecometals Limited - Information
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Datum: 13.01.2012 - 13:30 Uhr
Sprache: Deutsch
News-ID 103943
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