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Antilles Gold Limited (“Antilles Gold” or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to present its Quarterly Activities and Cash Flow Report.
DEVELOPMENT OPPORTUNITIES IN MINERAL RICH CUBA
Antilles Gold is uniquely positioned to participate in two near-term gold mine developments, and in the exploration, and possible development of substantial copper prospects in Cuba, in joint ventures with the Government’s mining company, GeoMinera.
Exploration, and other pre-development activities on the copper projects could potentially be funded by part of the surplus cash flow expected to be generated by the near term development of the proposed Nueva Sabana gold-copper mine.
GOLD JOINT VENTURE
Minera La Victoria SA (“MLV”) was registered as a joint venture company in August 2020 to develop the largest known gold deposit in Cuba at La Demajagua on the Isle of Youth off the south west coast.
Since then, the scope of the joint venture has been expanded to include the development of the Nueva Sabana gold-copper mine in central Cuba, with Company ownership increased from 49% to 50%, and the possibility of a third gold development being considered.
Click here for the full ASX Release
This article includes content from Antilles Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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