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Nortec commences Work Program on Ganarin Epithermal Gold-Silver Project, Southern Ecuador
Nortec commences Work Program on Ganarin Epithermal Gold-Silver Project, Southern Ecuador.
About this update from Nortec Minerals Corp
[{"type":"text","content":"\n\n\n\n\nVANCOUVER, July 19 /CNW/ - Nortec Ventures Corp., (\"Nortec\" or the\n\"Company\"), is pleased to announce commencement of the next phase of\nexploration program on the Ganarin epithermal gold-silver project, Southern\nEcuador. The exploration program will consist of more trenching with sampling\nfollowed up by systematic diamond drilling on the Chamana Area, Rio Minas and\nLoma La Cruz zones. The diamond drilling will consist of 1000 to 1500 metres\nand test the mineralization exposed on surface at depth. The Company's Joint\nVenture partner, Doubloon Exploration Corp. is in receipt of the drill and\nenvironmental permits from the Ministry of Mines and Energy, Government of\nEcuador. The Company is in discussion with several core drilling companies in\nEcuador with regards to the near-term availability of a drill.\nIn addition, Nortec announces that the Company is in the process of\nincorporating an Ecuadorian subsidiary, Minera Nortec Ecuador S.A. based in\nCuenca, Southern Ecuador. Cuenca is Ecuador's third largest city and is the\ncommercial centre for southern Ecuador. This will facilitate and simplify the\nprocess of acquiring permits and licenses and carrying out the exploration\nwork programs. The subsidiary company is expected to be operating in\napproximately two weeks.\nThe following summarizes the results to date on the Ganarin Project.\n\nChamana:\n\nChamana covers four zones with a surface area of 600 metres by 500 metres\nwith intense silicification, quartz-chalcedony breccias and vuggy-druzy quartz\nstockwork zones, including silica sinter deposits were delineated in the\nChamana area. These are Chamana Oeste, Chamana Este, Chamana Nor-oeste and\nChamana Nor-este. Detailed grid soil sampling on a line spacing of 25 metres\nover the four breccia zones identified gold soil geochemical anomalies with\nvalues as high as 2 grams/tonne gold. In 1993 Newmont drilled 6 random rotary\nholes in the area. One of the holes was designed to intersect the Chamana\nOeste breccia zone at depth. The hole was terminated at the top of the breccia\nzone due to drilling problems, but it returned 3.6 grams/tonne gold over 1.5\nmetres at the bottom of the hole. Trenching of the zones returned very\nsignificant values as shown below.\n\n>\n\nRio Minas:\n\nFurther to the news release dated September 14, 2005, detailed mapping\na...