The survey will be flown by Geotech Ltd and Ecocopterat at 200-metre line spacing for about 600 line-kilometres and will include ZTEM system, magnetics and radiometrics.
This geophysical survey will provide a valuable data set to assist in mapping geological units and the structural framework of the area.
Refining drill locations
Results from the Mobil Metal Ion (MMI) soil survey in conjunction with the helicopter-borne ZTEM, magnetics and radiometrics geophysical survey will be used, among other data sets, to refine diamond drill hole locations.
Community engagement in the Valle del Tigre area will restart in early 2020.
Field exploration will begin following discussions in the area and once the results from the geophysical survey are analysed.
Rio Zarza and Fruta del Norte surface geology map
The Zamora projects provide high-quality early-stage gold exploration prospects in Ecuador.
The 1,000-hectare combined concession package hosting the Rio Zarza project is adjacent to the Fruta del Norte Gold Project, which was discovered about 13 years ago and has recently started production.
It hosts a NI43-101 indicated and inferred resource of 35.4 million tonnes at 8.35 g/t gold equivalent for 9.05 million ounces.
Rio Zarza’s eastern boundary is 850 metres west of the Fruta del Norte deposit and exhibits strikingly similar geological, structural and alteration characteristics.
The 2,195-hectare concession hosting the Valle del Tigre II project is situated to the north-northwest of Fruta del Norte and contains repeats of the subparallel rift faults that control the Fruta del Norte deposit.
Zamora-Chinchipe Province in the southeast of Ecuador, bordering with Peru, where the Zamora projects are located, is considered some of the most prospective ground in the country.
Since its initial discovery in 2006, Fruta del Norte has grown into what is considered the most valuable gold discovery of the last 15 years.
Rio Zarza details
Rio Zarza comprises two concessions covering approximately 1,000 hectares, directly adjacent to the west of Fruta del Norte, which were originally granted prior to the discovery of Fruta del Norte.
Exploration delineated several targets with most of the work focused on targets situated in the eastern section of the property.
Limited previous drilling at Rio Zarza was undertaken prior to a new geological interpretation and was ineffectual in reaching target depth.
Further, several coincident geochemical and geophysical anomalies remain largely untested.
Valle del Tigre II details
At Valle del Tigre II, subparallel NNE trending rift faults that control the Frute del Norte deposit are repeated.
The Hollin/Suarez Formation sediments that cover the Fruta del Norte deposit cover 90% of the Valle del Tigre II block, with the prospective Misahualli volcanics likely to exist at unknown depth below Hollin Formation sediments.
Significant gold in stream sediment anomalies are in the southern part of the concession, and potential targets will be structural in nature.
The exploration plan for Valle del Tigre II will be airborne geophysics and ionic soil sampling followed up by stratigraphic drilling of the coincident targets.
This initial phase of groundwork has begun with community consultation underway ahead of the planned technical programs.