VANCOUVER, Feb. 19, 2013 /CNW/ - Ecuador Gold & Copper Corp. (TSX-V: EGX), (the "Company" or "EGX") is pleased to announce assay results from drill hole DEH-05 at its El Hito copper porphyry deposit. The El Hito deposit is located within the Company's 8,300 hectare Condor Gold and Copper Project in the Zamora Gold and Copper Belt, Southeast Ecuador. Numerous intercepts are highlighted by two continuous intersections of a 31.85 meter interval with 0.42% Cu and 1.2 g/t Ag and a further 229 meter interval with 0.40% Cu and 0.71 g/t Ag including 41.55meters of 0.73% Cu and 3.20 g/t Ag.
This is the first EGX drill hole at El Hito, part of the previously announced
10,000 meter Phase I drill program on the Company's extensive Condor Gold and Copper Project. DEH-05 encountered a number of long mineralized intervals that confirm the potential for a significant porphyry copper deposit at El Hito. For further details see the Company's web site at www.ecuadorgoldandcopper.com or the June 14, 2012 Technical Report at www.sedar.com.
The Company has not completed a preliminary economic assessment or feasibility study of the Condor Gold Project under National Instrument 43-101, and there is no assurance that the exploration and subsequent development operations of the Condor Gold Project will be economically or technically viable.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Ecuador Gold and Copper Corp.