|CAPT, GOT, RIO, Ecuador|
Capitan Mining aka CAPT released an update on their ongoing drill programme on their Cruz de Plata prospect (Formerly known as Peñoles) in Durango, Mexico. One of the reported holes successfully extended the Jesus Maria Zone 25M deeper, but more interesting were the other two reported holes, which targeted the eastern and western ends of the Gully fault, where they found high grade if narrow minerlaization -- 1.5M of 488.97 g/t AgEq and 1.5M of 328.25 g/t AgEq within 21.3M of 143.59 g/t AgEq
and 1.5M of 427.62 g/t AgEq within 22.9M of 76.98 g/t AgEq -- that diverges from the main Jesus Maria mineralization.
The company must really like what they are finding along these silver-bearing structures, as they seem to have lost all interest in further exploring the oxide gold cap that was the original target.
Goliath Resources aka GOT released another placeholder PR promoting their ongoing drilling campaign at their Goldigger gold/silver prospect in BC's Golden Triangle. The main message was that the core looks good, but of course the proof of that particular pudding is in the assays which we are still some ways away from receiving.
The IKN blog brings us a link to an interview with Rio2 aka RIO's CEO Alex Black on the permitting issue for their Fenix gold mine project in Chile.
And IKN also brings us an update on the deteriorating situation in Ecuador, which is becoming ever more an Avoid.