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ecuador gold and copper corp (EGX) Snapshot

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04/22/14 - C$0.14
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ecuador gold and copper corp (EGX) Details

Ecuador Capital Corp. engages in the exploration and mining of gold reserves. The company is based in Toronto, Canada.

ecuador gold and copper corp (EGX) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: C$60.0K
Compensation as of Fiscal Year 2013.

ecuador gold and copper corp (EGX) Key Developments

Ecuador Gold and Copper Corp. Announces the Resignation of James Xiang from Board of Directors

Ecuador Gold & Copper Corp. announced the resignation for personal reasons of Mr. James Xiang from the board of directors of the company, effective November 7, 2014.

Ecuador Gold & Copper Corp. Announces Executive Changes

Ecuador Gold & Copper Corp. announced the appointment of Mr. Andrew Lee to the board of directors of the company. Mr. Lee brings a experience as a manager and director of private and public companies. Currently, he is the CEO and a director of Four Rivers Resources Inc., and the director of Phoenix Gold Resources Corp. Mr. Lee has been working as a selfemployed consultant to mineral exploration companies since 1998, assisting with financings and corporate development. Mr. Mario Blejer and Mr. Branislav Trajkovski stepped down from their roles as directors of the company.

Ecuador Gold Announces Exploration Channel Sample Results at its El Hito Porphyry Copper System

Ecuador Gold & Copper Corp. announced new exploration results at its El Hito copper porphyry deposit where inferred resources currently stand at 161 million tonnes of 0.3% copper (1.1 billion pounds of copper). The El Hito deposit is located within the Santa Barbara Sector of the Company's 8,300 hectare Condor gold and copper concessions in the Zamora Gold and Copper Belt, Southeast Ecuador. The 2014 Exploration program at El Hito has delineated a zone of favourable altered diorite porphyry host rocks to the north of the currently defined resource for a further 1,000 m, effectively doubling the potential target area. Chip and channel samples in outcrop returned consistent anomalous copper with values over 0.1% copper in 30% of the samples. All samples returned values higher than 100 ppm while six samples were higher than the average grade of the known resource and three exceeded 0.55% up to 0.7% copper. Mapping has identified favourable porphyry-style "B" quartz veins and chalcopyrite mineralization associated with potassic and phyllic alteration, confirming the potential to encounter further copper mineralization in this previously unexplored northern extension of El Hito. The company drilled five new drill holes at El Hito in 2013, part of the previously announced drill program on the company's extensive Condor Gold property. Drilling resulted in the new resource calculation and confirmed the potential for a significant copper deposit at El Hito with higher grade zones within a larger porphyry copper deposit. EGX drilling intersected relatively continuous copper mineralization over lengths of 500m and up to 700m from near surface in every hole, and two holes (DEH-05 and DEH-07) encountered grades of 0.4% to 0.5% Cu over at least 200m with high grade sections averaging up to 0.7% Cu. Porphyry copper mineralization is associated with a Late Jurassic dioritic intrusive complex hosted by Jurassic age plutonic rocks of the Zamora batholith. Two major structural orientations are exhibited by steeply dipping intrusive contacts, quartz veins, sulfide-mineral veinlets, and faults striking north and northwest. The majority of the diorite complex is moderately to strongly quartz-sericite-pyrite (phyllic) altered, overprinting potassic alteration at depth. The 40km long Zamora Copper Gold Belt in Southeastern Ecuador is host to Ecuacorriente's Mirador, Panantza and San Carlos Cu porphyry deposits and Kinross's Fruta del Norte epithermal gold deposit of the same age. The Company cautions that reference to the nearby deposits is for information purposes only and there is no assurance that its Condor gold and copper concessions will develop into economically viable producing deposits. Total resources at the Condor Gold Project now comprise 447.3 million tonnes at 0.56 g/t Au (8.0 million ounces Au) in the indicated category with a further 197.6 million tonnes at 0.4 g/t Au (2.6 million ounces Au) in the inferred category and a copper resource estimate of approximately 0.8 billion lbs of copper in the indicated resource category and approximately 1.5 billion lbs of copper in the inferred resource category.


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