Macara Mina hosts the potential for buried volcanogenic massive sulphide (VMS) deposits with gold caps at surface.
The licence area covers 187 hectares in the south of Ecuador. The licence has undergone mapping, soil geochemistry and rock-chip sampling. Soil samples delivered up to 9.9 g/t gold, while rock chip samples achieved results up to 29.6 g/t gold over 1 meter.
Drill targets are under evaluation. Ahead of 2021 drilling to target gold resources and VMS accumulations, a ground gravity geophysical survey is planned, with preparation underway.
Macara Project, regional geological setting
Macara project, licence locations and local infrastructure
Macara, geochemistry draped over topography
Macara schematic cross-section A-A', and proposed drill plan
Macara geochemistry and drill plan