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Ero Copper Drilling Update on Vale do Curaçá Property & NX Gold Mine in Brazil

Mining News - Published on Thu, 24 Sep 2020

Image Source: Ero Copper Vale do Curaçá NX Gold Mine
Ero Copper Corp has provided a quarterly update on the ongoing exploration drill programs on its 99.6% owned Vale do Curaçá Property located in Bahia State in Brazil and its 97.6% owned NX Gold Mine located in Mato Grosso State in Brazil. This update encompasses drill results received from late May 2020 through early September 2020. Drilling during the period continued to focus primarily on further extending mineralization and infill drilling within the Pilar and Vermelhos Mines, as well as further defining mineralization of the Santo Antonio Vein at the NX Gold Mine ahead of the Company’s updated National Instrument 43-101, Standards of Disclosure for Mineral Projects compliant technical reports and mine plans, expected to be completed during the fourth quarter of 2020. All of the Company’s near-mine drilling activities continue to progress according to budget despite the COVID-19 pandemic.

Two newly discovered zones of mineralization, one to the northwest of the Siriema Deposit and the second to the southwest of the UG1 orebody of the Vermelhos Mine. These new zones, in addition to the previously identified Keel Zone at Siriema suggest that multiple stacked mineralized structures may be present between the Siriema deposit and Vermelhos Mine, a distance of approximately 700 meters. The two new zones, currently identified by four new drill holes, were discovered as a result of ongoing down-hole electromagnetic work.

The new zones are highlighted by

Siriema, FSI-40 (a previously reported hole that was extended): 10.0 meters grading 4.50% copper, 0.68% nickel including 4.0 meters grading 8.53% copper, 1.25% nickel (Platinum Group Metals “PGM” assay results are pending)

Siriema, FSI-99: 13.2 meters grading 1.92% copper, 0.78% nickel including 2.5 meters grading 5.73% copper, 3.33% nickel (PGM assay results are pending)

UG1, FVS-608: 16.6 meters grading 0.95% copper and 7.0 meters grading 1.30% copper and FVS-905: 5.6 meters grading 0.84% copper and 3.1 meters grading 0.82% copper

Down-hole EM work and further drilling is ongoing with seven drill rigs being used to evaluate the full potential of these stacked structures to the north, south and to depth.

Completion of the Deepening Extension Project drill program within the Pilar Mine in support of the Company’s upcoming 2020 updated mineral resource estimate. Results continue to extend the limits of high-grade ‘Superpod’ mineralization to the north and depth and further highlight that mineralization remains open in both directions. Results are highlighted by

FC5378: 12.4 meters grading 2.82% copper including 2.0 meters grading 8.39% copper, 14.0 meters grading 1.80% copper including 2.0 meters grading 6.05% copper, and 4.4 meters grading 1.66% copper

FC5513: 21.1 meters grading 2.02% copper including 3.0 meters grading 4.36% copper

FC5514: 22.0 meters grading 2.14% copper including 9.0 meters grading 3.22% copper

high-grade mineralization of the Santo Antonio Vein at the NX Gold Mine, highlighted during the period by the best results drilled to date by the Company:
SA85: 6.5 meters grading 17.11 grams per tonne gold, the highest grade-meter intercept drilled by the Company at the NX Gold Mine to date, further confirming continuity of a thicker core of high-grade mineralization at depth; and,
SA83: 5.8 meters grading 17.79 grams per tonne gold, the deepest intercept drilled to date within the Santo Antonio Vein.

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Posted By : Yogender Pancholi on Thu, 24 Sep 2020
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