Adventus Zinc Corp. completed an updated resource estimate for the El Domo deposit at the Curipamba project in Ecuador. The company holds an option to earn up to 75% of the project by spending US$25 million on exploration and development over five years.
El Domo hosts indicated resources containing 141,800 tonnes of copper, 23,500 tonnes of lead, 211,800 tonnes of zinc, 660,000 ounces of gold and 13.4 million ounces of silver within 8.8 million tonnes of ore grading 1.62% copper, 0.27% lead, 2.42% zinc, 2.34 g/t of gold and 48 g/t of silver.
Inferred resources are estimated to contain 33,900 tonnes of copper, 3,700 tonnes of lead, 39,600 tonnes of zinc, 92,000 ounces of gold and 2.5 million ounces of silver within 2.6 million tonnes grading 1.29% copper, 0.14% lead, 1.51% zinc, 1.09 g/t of gold and 29 g/t of silver.
The estimate for the volcanogenic massive sulfide El Domo deposit uses net smelter return cutoffs of US$22/tonne for potential open pit material and US$62/t for potential underground material, according to a Jan. 31 release.
Adventus Zinc said the update increased indicated resources 44% and decreased inferred resources 32%.
The company also reported that it appointed Paul Sweeney to its board as an independent director, while Chad Wells resigned from the board. Sweeney also serves on the boards of Tahoe Resources Inc. and OceanaGold Corp.
