Aguia Resources Limited Drill Program To Expand Resource Progressing Well

Aguia Resources (ASX:AGR) announced its second stage drill program at the Três Estradas phosphate project in southern Brazil. The project represents a significant new phosphate discovery.

As quoted in the press release:

• The second stage drilling program at Três Estradas (“TE”) is progressing well with two diamond drill rigs and a reverse circulation rig now on site
• The diamond drilling program is aimed at expanding the initial JORC compliant inferred resource through additional drilling below 100 metres
• Eight diamond drill holes of the planned 21 diamond drill holes have now been completed with all holes successfully intersecting the targeted phosphate bearing zone
• A reverse circulation rig will further test the higher grade oxide zone that extends from surface with 50 x 20 metre holes planned
• The Company expects initial drilling results to be available from late September

Click here to read the full press release.