Hi Sagey:
Said hello to Bill Pincus but spent a lot of time with Paul Bartos the new exploration chief. EPZ is very exciting indeed.
Highlights:
San Luis: They have not begun to scratch this one, will be doing extensive regional exploration. the veins have the capacity to be bigger than normal for an epithermal system.They do pinch and swell but so far drilling has shown strong continuity. When Paul first saw the property he was extremely excited and just started staking without doing a lot of regional exploration. There is a large, alteration cap to the northwest of the Ayelin Vein that begs attention. Ines ,Ayelin and others submerge undercover as they come south no idea how far they go yet even with 5 kms of visible veins being mapped. Huge upside still on the San Luis property.
Cerro Jumil:
They are drilling now. Community relations are good, have to be as settlements quite close.They had a large landfill, now closed, that looks like a quarry on the map, that income is gone and they are looking for opportunity. There is a large intrusive coming south southwest from the north northeast into a suite of limestone, the mineralization is at the contact in skarns. They hope to drill off a resource, 1 mil ozs should be doable, upside MIGHT be as high as 3 mil ozs. Probably sell to an appropriate sized producer.
Pucarano: You got it, very very interesting. Directly on strike and quite close to one of Buenaventuras's operating mines. Somehow they were complacent about locking up surrounding land and now are not pleased that they do not control Pucarano. Paul is satisfied the system runs directly onto the JV land, has size and he is clearly salivating at the prospect of working on it.
In discussions with a notable, mine generating geo, he spoke highly of EPZ's prospects and of management integrity and capability. I agree, I was suitably impressed by Bill Pincus last year and meeting Paul Bartos was a real pleasure. He is bright enthusiastic and a positive person. He was very helpful sharing geo knowledge with a layman and genuinely pleased to do so.
Talking off the top of my head Sagey, so follow ups are welcome if I can fill in anything, assuming I am capable:)
Cheers,
Ogi |
