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Property NewsJune 30, 2007 In dispute over option agreement with Minera Afrodita S.A.C which owns the Afrodita Gold property. Due to the fact that this dispute could not be resolved between Ecometals (formerly Goldmarca) and Minera Afrodita, the Company was forced to seek arbitration through the International Chamber of Commerce to protect its interests. The arbitration case will be heard in the last quarter of calendar 2007. June 7, 2006 Reported that following up on the Anglo Gold work, Ecometals (formerly Goldmarca) planned to complete up to 6000 meter drill program drilling program over El Tambo sector. Ecometals work plan consists in funding an underground program that involves extending underground workings to more clearly define the vein structures. It is believed these veins are an extension of the same narrow vein structures that have been defined of the Afrodita project known to be the extension of the Condor Gold projects (Ecuador) Chinapintza vein system.
From 2004-2005, explored by Anglo American PLC. Anglo took 674 rock pit samples where taken to evaluate biogeochemistry, stream sediment and rock chip anomalies. They identified five zones. |
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