Cerro Pelado Concession – Ecuador
Cerro Pelado Concession
GYDD-22-019 was the first hole to be drilled on the small Cerro Pelado concession which lies between El Guayabo and Colorado V. The company has entered into an agreement with the local artisanal mining association that owns the three Cerro Pelado concessions where it can farm in to earn an initial 80% interest with the option to move to 100% ownership. The local mining association is currently working narrow high-grade veins which occur through-out the bulk porphyry/Intrusive breccia hosted mineralisation down to a depth of almost 900 metres.
- 778.2m at 0.3 g/t AuEq including 171.3m at 0.5 g/t AuEq
including 98.4m at 0.7 g/t AuEq and 150.8m at 0.5 g/t AuEq
including 42.5m at 1.4 g/t AuEq
The CP-A anomaly Is part of a circular gold in soil feature approximately 600 metres long and 500 metres wide. The results of this first hole on the anomaly coupled with the extensive artisanal workings which have been mapped by the Company indicate an extensive gold discovery.