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Nortec (NVT) subsidiary commences diamond drilling on Ganarin Epithermal Gold-Silver Project, Southern Ecuador
Nortec (NVT) subsidiary commences diamond drilling on Ganarin Epithermal Gold-Silver Project, Southern Ecuador.
About this update from Nortec Minerals Corp
[{"type":"text","content":"\n\n\n\n\n(TSX-V: NVT)\n\nVANCOUVER, Oct. 4 /CNW/ - Nortec Ventures Corp. (TSX-V:NVT), (\"Nortec\" or\nthe \"Company\"), is pleased to announce that the Company's subsidiary Minera\nNortec Ecuador SA (\"Nortec Ecuador\") commenced diamond core drilling on the\nGanarin epithermal gold-silver project, Southern Ecuador. The drilling was\ndelayed due to import restrictions of the drill equipment into Ecuador. Three\ntarget areas will be tested for continuity, the extent and structural control\nof the gold-silver mineralization.\nInitially systematic drilling will be carried out on the Chamana target\nwhere four distinct gold anomalous areas were delineated by geochemical soil\nsampling and trenching. Trenching and channel sampling of a northeast-trending\nroad cut within the large west geochemical soil anomaly in the Chamana Oeste\narea returned values of 0.628 gram per tonne gold over 104 metres, including\n0.931 gram per tonne over 32 metres. The detailed grid soil anomaly (line\nspacing of 25 metres) with values greater than 100 parts per billion gold and\nas high as two grams per tonne gold was traced over an area 200 metres by\n300 metres by sampling. The area is underlain by zones of intense\nsilicification, argillic alteration, quartz-chalcedony breccias and\nvuggy-druzy quartz stockwork zones, including silica sinter deposits.\nIn 1993, Newmont drilled six random rotary holes in the area. One of the\nholes was designed to intersect the Chamana Oeste breccia zone at depth. The\nhole was terminated at the top of the breccia zone due to drilling problems,\nbut it returned 3.6 grams per tonne gold over 1.5 metres at the bottom of the\nhole. Detailed geological mapping and geochemical soil anomalies suggest the\nmineralization is controlled by north-northeast and east-northeast structures.\nThe lengths of the drill holes are expected to be 75 metres to 200 metres.\nHoles will also be drilled to intersect three parallel converging\nquartz-chalcedony structures in the Rio Minas. Artisan miners are presently\nworking on narrow 30 to 40 cm high-grade veinlets on one structure to depths\nof up to 40 metres below surface. Very significant gold values (greater than\n1,500 grams gold and 2,500 grams silver per tonne over 30 centimetres) were\nobtained from smectite-clay fracture fillings with rounded chalcedony\nfragments. These fracture...