Ero copper intersects 28.1 meters grading 12.60% copper including 18.0 meters grading 15.62% copper in highest grade-meter intercept drilled to date at the Vermelhos mine and discovers new zone at the Pilar mine
Vancouver’s Ero Copper Corp has announced some key results from their drilling program in Brazil on their 99.6% owned Vale do Curaçá property in Bahia State and their 97.6% owned NX Gold Mine located in Mato Grosso State.
The drilling, carried out between March and May this year, is focussed primarily on upgrade and infill drilling as Ero moves towards producing a NI 43-101 compliant technical report and mine plan, due in Q4 this year.
Highlights
- Highest grade-meter intercept drilled to date on the Vale do Curaçá Property at the Vermelhos Mine, intersecting 28.1 meters grading 12.60% copper including 18.0 meters grading 15.62% copper;
- Initial drilling beneath the main orebodies of the Vermelhos Mine encountered high-grade mineralization approximately 70 meters below the Toboggan orebody, intersecting 13.4 meters grading 5.86% copper including 8.4 meters grading 7.04% copper from 306.3 meters down hole;
A new mineralized zone, Baraúna, was also reported by Ero. Discovered at Pilar Mine, immediately below southern portion of the historic open pit.
Ero announced twenty six drill rigs are currently operating throughout the Curaçá Valley, including 13 within the Vermelhos District and 13 within the Pilar District. Three of these drill rigs are testing high-priority regional exploration targets located within these districts.
Ero’s President and CEO, David Strang, stated that the results highlight ‘significant opportunities’ for expansion of the resources around their mines.
“We are excited by the new high-grade mineralization encountered approximately 70 meters below the Toboggan orebody, but cautious to draw any definitive conclusions from this single intercept until we have further evaluated the surrounding area with two newly mobilized underground drill rigs.”
Talking about the Baraúna discovery at the Pilar Mine, Mr Strang commented “The newly identified Baraúna zone increases our confidence that we will continue to extend the mine’s life for years to come. The near-surface nature of the Baraúna discovery in relation to the past producing open pit mine may, following detailed engineering, support reopening portions of the open pit to mining in the future.”
ABOUT ERO COPPER CORP
Ero Copper Corp, headquartered in Vancouver, B.C., is focused on copper production growth from the Vale do Curaçá Property, located in Bahia, Brazil. The Company’s primary asset is a 99.6% interest in the Brazilian copper mining company, MCSA, 100% owner of the Vale do Curaçá Property with over 39 years of operating history in the region. The Company currently mines copper ore from the Pilar underground mine, the R22W open pit mine and its newly constructed Vermelhos underground mine. In addition to the Vale do Curaçá Property, MCSA owns 100% of the Boa Esperanҫa development project, an IOCG-type copper project located in Pará, Brazil and the Company, directly and indirectly, owns 97.6% of the NX Gold Mine, an operating gold and silver mine located in Mato Grosso, Brazil. Additional information on the Company and its operations, including Technical Reports on the Vale do Curaçá, Boa Esperanҫa and NX Gold properties, can be found on the Company’s website (www.erocopper.com) and on SEDAR (www.sedar.com).
