EXPLORATION & DEVELOPMENT

Adventus hits high grades in Ecuador

Explorer hits 19.88m at 4.3g/t gold and 95.1g/t silver

Staff reporter
 The Sesmo target south of El Domo

The Sesmo target south of El Domo

Highlights from drilling at the Sesmo target, south of the El Domo deposit, included 19.88m at 4.3g/t gold, 95.1g/t silver, 0.09% copper, 0.33% lead and 0.72% lead, from 10.12m.

Adventus said the Sesmo area was characterised by outcropping high-grade gold and silver mineralisation and was last explored in 2007.

El Domo's indicated resource was increased 44% in a January update, to 8.8 million tonnes grading 1.62% copper, 0.27% lead, 2.42% zinc, 2.34g/t gold and 48g/t silver.

Adventus is earning a 75% interest in the 22,000ha project near Las Naves from Salazar Resources (TSXV:SRL), by spending US$25 million on exploration over five years.

Adventus raised C$10 million (US$7.8 million) towards exploration in Ecuador in December.

Its shares had hit a 52-week low last Thursday of C51c, after releasing its annual results, then shot up more than 39% to 85c on Friday. It was unchanged yesterday at 85c, representing a rise of 11.84% year-to-date.

Salazar shares also rose on Friday, from 12.5c to 14c and were unchanged yesterday equating to a gain of 7.69% year-to-date.

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