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Ero Copper Corp announces quarterly update

Mining News - Published on Tue, 23 Apr 2019

Image Source: Private Capital Journal
Ero Copper Corp announced a quarterly update on the ongoing exploration drill programs at its Pilar and Vermelhos mineral districts, both part of its 99.6% owned Vale do Curaga Property located in Bahia State, Brazil, as well the first exploration update on the Company's 97.6% owned NX Gold Mine located in Mato Grosso State, Brazil. This update encompasses drill results received for the Company's ongoing exploration programs from December 2018 through to the end of March 2019.

HIGHLIGHTS

Twenty four drill rigs are currently operating throughout the Curaga Valley, including 11 within the Vermelhos District and 13 within the Pilar District. Three of these drill rigs are testing high-priority regional exploration targets located within these districts

Within the Vermelhos District, where 11 drill rigs are currently operating including eight focused on long-term exploration, drill results during the period reflect meaningful increases in both previously modeled thickness and the known extent of mineralization of the Vermelhos Mine and District. When combined with results of the recently completed regional airborne geophysical survey and data compilation programs, the results continue to indicate significant potential for extensions of the Vermelhos Mine along a north-northeast trending structure that, to-date, has been interpreted to extend over 5.5 kilometers.

Vermelhos Mine and District drill results are highlighted by the following zones:
0 Southern extension of high-grade mineralization adjacent to existing infrastructure, including hole FVS-354that intersected 17.0 meters grading 6.76% copper including 3.0 meters grading 17.19% copper, and hole FVS-364that intersected 9.4 meters grading 1.66% copper and 24.6 meters grading 7.56% copper including 7.7 meters grading 15.97% copper. These holes indicate mineralized continuity in areas previously defined as discrete lenses south of the Sombrero orebody.
0 Central expansions of the mineralized thickness of the Toboggan orebody, highlighted by hole FVS-337 that intersected 23.8 meters grading 8.06% copper including 8.0 meters grading 9.20% copper and hole FVS-355 that intersected 25.0 meters grading 7.32% copper including 16.0 meters grading 9.67% copper, a 70% increase in the modeled thicknesses of the mineralization in the immediate area surrounding these new results.
0 Regionally within the Vermelhos District, exploration drilling below the known extent of mineralization at Vermelhos West (now referred to as the "N8 Deposit"), located approximately 1.1 kilometers north of the Vermelhos Mine, demonstrate continuity of mineralization at depth. Results are highlighted by hole FV-130that intersected multiple lenses of mineralization including 17.2 meters grading 1.16% copper and 15.4 meters grading 1.81% copper.
0 While the aforementioned programs remain ongoing, exploration drilling within the Vermelhos District is now focused on a north-northeast mineralized trend encompassing the Vermelhos Mine, East Zone, N8 Deposit and several high-priority regional targets located south and to the north of the Vermelhos Mine - a combined strike length of approximately 5.5 kilometers.

Source :

Posted By : Rabi Wangkhem on Tue, 23 Apr 2019
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