Zoloto has been in Ecuador since 2013, believing t
Post# of 73
Posted On: 06/05/2014 7:35:04 AM
Zoloto has been in Ecuador since 2013, believing that the chances of finding world class mineral deposits there are greater than in many other countries, due to under-exploration and a potentially unparalleled geological endowment.
The company has acquired 49% of the Zumba Mill in Ecuador. The Zumba Mill is located in northern Ecuador. It has the capacity to process 50 tons of ore per day. It is projected that the average head grade for the next six months will be 7 grams per ton. The Zumba mill also does contract milling for miners who do not have milling capacity. The milling capacity of the mill is expected to increase to 100 tons per day by October 2014. Zoloto has been offered significant opportunities in Ecuador and intends on pursuing them.
Going into yesterday ZRSCF was over bought and did a major correction and now is over sold. Its time to jump on the bandwagon and buy the hell out of it.
The company has acquired 49% of the Zumba Mill in Ecuador. The Zumba Mill is located in northern Ecuador. It has the capacity to process 50 tons of ore per day. It is projected that the average head grade for the next six months will be 7 grams per ton. The Zumba mill also does contract milling for miners who do not have milling capacity. The milling capacity of the mill is expected to increase to 100 tons per day by October 2014. Zoloto has been offered significant opportunities in Ecuador and intends on pursuing them.
Going into yesterday ZRSCF was over bought and did a major correction and now is over sold. Its time to jump on the bandwagon and buy the hell out of it.
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