A preliminary program of trenching, sampling and airborne geophysics is under way on two concessions in the Nambija gold district of southern Ecuador.
Mina Real and Campanilla are two of 30 concessions held by Zamora Gold (CDN) in the north-south-trending Andean belt near the Peruvian border. Gold mining in the region dates back to the 16th century, and more recently (between 1982 and 1992) local prospectors recovered an estimated 3 million oz. gold from surface workings.
Zamora holds a half interest in Mina Real, which is a joint venture with Ecuadorean Army Development and Gribipe (the mining division of Ecuador’s banking group, Filanbanco). Seven geochemical anomalies have been identified and a 5,000-ft. drilling program is to begin on the Ortiga target in November. Campanilla is owned by the Ecuadorian mining company Minera del Austro, most of whose shares have been acquired by Zamora. Drill targets consist of three anomalies, including two old mine workings.
Zamora has $8 million in working capital and 11.1 million outstanding shares. The company plans to list its shares on the Toronto Stock Exchange in the near future.
Be the first to comment on "Zamora exploring in Ecuador"