After starting their Ayacucho project in Peru 3 years ago Karbonate Minerals Corp. have reported its fifth set of drill results from an area of the site named Bucket Ridge.

Karbonate Minerals Corp. has released partial assay results for fourteen holes completed in an area named the Hudson Zone and for a further eleven holes completed in an area named Thumb Ridge at their Morona Santiago project in Ecuador.

Karbonate Mineral Corp.'s decision in October 2018 to buy the site, now named KMC-ARG-03, from a local mining consortium for $5.1 million U.S. Dollars was done when gold had been hovering around the $1,200 to $1,300 U.S. Dollars an ounce for nearly 5 years and the previous owners were losing nearly $3 million U.S. Dollars a year in keeping it open.

Karbonate Minerals Corp. have reported high-grade assays from tests carried out in the main area of its 100% owned Morona Santiago project in Ecuador