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ERRPF

Ero Copper

$0.00

(0.00%)

07:41
09/12/19
09/12
07:41
09/12/19
07:41

Ero Copper intersects 31.8 meters grading 2.22% copper at Siriema discovery

Ero Copper provided a quarterly update on the ongoing exploration drill programs on its 99.6% owned Vale do Curaca Property located in Bahia State, Brazil, and on its 97.6% owned NX Gold Mine located in Mato Grosso State, Brazil. This update encompasses drill results received from the end of May through to the end of August 2019. Exploration drilling during the period was focused primarily on expanding recently announced discoveries as well as infill drilling ahead of the Company's updated National Instrument 43-101, Standards of Disclosure for Mineral Projects compliant technical report and mine plan for the Vale do Curaca Property, expected to be completed early in the fourth quarter of 2019. High-grade massive sulphide mineralization continues to be encountered at the recently announced Siriema discovery, highlighted by hole FSI-42 that intersected 31.8 meters grading 2.22% copper including 5.0 meters grading 5.56% copper; Near-surface drilling adjacent to the Vermelhos Mine in the Vermelhos East Zone intersected 22.5 meters grading 4.60% copper including 8.0 meters grading 7.76% copper from 7.7 meters down-hole in hole FVS-418, one of the highest-grade intercepts drilled into the East Zone to date. A grouping of holes in the Deepening Extension of the Pilar Mine intercepted high-grade mineralization, including the deepest known mineralized intercept drilled to date in hole FC47139 that intersected 7.1 meters grading 6.50% copper including 4.1 meters grading 9.01% copper, approximately 80 meters below the previous known depth of mineralization at the Pilar Mine. Underground drilling to further evaluate the southern extent of the Pilar Mine orebody within the South Extension zone continues to intercept thick and high-grade mineralization, highlighted by hole FC34100 that intersected 25.5 meters grading 1.47% copper including 2.0 meters grading 5.85% copper. Twenty-seven drill rigs are now operating throughout the Curaca Valley, including fifteen within the Pilar District and twelve within the Vermelhos District. This includes two rigs operating at the recently announced Siriema discovery and four rigs operating on regional targets within the Pilar and Vermelhos Districts. There are currently three additional drill rigs operating at the NX Gold Mine.

ERRPF Ero Copper
$0.00

(0.00%)

03/18/19
BMOC
03/18/19
DOWNGRADE
BMOC
Market Perform
Ero Copper downgraded to Market Perform from Outperform at BMO Capital
BMO Capital analyst Jackie Przybylowski downgraded Ero Copper to Market Perform from Outperform while raising her price target for the shares to C$16.50 from C$16.

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