El Guayabo 2 Concession – Ecuador
El Guayabo 2 Concession
El Guayabo 2 concession (957 Ha) – earning 80% with option to move to 100%
El Guayabo 2 has the same and continuous geology as CEL’s adjoining El Guayabo and Colorado V tenements which are believed to contain a “Low Sulphide” porphyry gold copper system.” Limited historical exploration has been undertaken on the tenement, with the work that has been done undertaken by local groups that targeted high-grade gold. Historical exploration reports record gold mineralisation in intrusive rocks in outcrop.
One drill hole was completed on the El Guayaybo 2 concession drill hole GY2DD-22-001. This hole intersected 11.4 metres at 0.9 g/t AuEq and 89.4 metres at 0.2 g/t AuEq including 9.7 metres at 1.8 g.t AuEq