Antilles Gold

​​I​ntercept of 4.7% Copper Over 11 Metres in Latest Drill Hole into El Pilar Porphyry, Cuba

Antilles Gold Limited (“Antilles Gold”, or the “Company”) (ASX: AAU, OTCQB: ANTMF) is pleased to advise that outstanding copper intercepts have been confirmed by pXRF readings from the latest diamond drill hole into the sulphide mineralization of the El Pilar copper-gold porphyry deposit in central Cuba.


Drillhole PDH 052A has displayed intense porphyry style veining, that is overprinting a mineralized diatreme breccia, located in the extreme SE parts of the El Pilar drilling grid. Copper mineralization is associated with both porphyry style veining and also as breccias within the diatreme and indicates the system is potentially larger to the SE than expected.

HIGHLIGHTS – pXRF Readings

29m @ 2.05% Cu from 151m, incl 11m @ 4.70% Cu with 1m interval @ 17.37% Cu

PDH-052A (174.70m) - 17.37% CuPDH-052A (174.70m) - 17.37% Cu

Antilles Gold’s Exploration Director, Dr Christian Grainger, commented,“PDH-052A has shown highly encouraging porphyry style copper mineralization and now we are seeing this associated with diatreme breccia hosted mineralization occurring together, increasing the quantity of mineralization from multiple overprinting hydrothermal events. We are now confident that the system is growing to the SE, where no drilling to date has occurred, and where we are seeing both high grades and widths of mineralization expanding.

The intersection of high grade copper mineralization in sulphides in the southern part of the El Pilar prospect confirmed by the pXRF readings gives us great encouragement for the potential of this prospect. Given the drillhole terminated in chalcopyrite in a fault zone, the porphyry remains open at depth, and future drilling will be aimed at targeting the core of the porphyry body”.

Assays have also been received from seven additional holes in the overlying gold-copper oxide deposit.

HIGHLIGHTS

Gold Domain

PDH-041

15m @ 2.10g/t Au from surface


6m @ 1.19g/t Au from 20m

Copper Domain

PDH-041

5.5m @ 0.6% Cu from 48m

PDH-042

25m @ 0.9% Cu from 45m

PDH-043

5m @ 0.81% Cu from 84m

PDH-045

16m @ 0.71% Cu from 4m

PDH-046

6m @ 0.78% Cu from 53m

Above results are downhole

Sampling Techniques and Data are set out in the attached JORC Code 2012 Edition Template.

Mr Brian Johnson, Chairman of Antilles Gold, said:“The continuing high copper grades in the El Pilar oxide deposit will be reflected in the MRE for the proposed Nueva Sabana gold-copper mine when published in January 2024, and reinforce the Company’s confidence in commencing construction of the low cap-ex mine in May/June 2024, which is expected to show outstanding returns on funds invested.”


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.

Antilles Gold Limited

Antilles Gold Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Antilles Gold Limited

Antilles Gold Limited


Keep reading...Show less
Rumble Resources

Drilling Commences to Test High-Grade Gold System at Western Queen Gold Project

Rumble Resources Limited (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that a diamond and RC drilling program has commenced to test the continuity of the multiple high-grade zones beneath the Western Queen South and along strike of the Western Queen Central deposits. Previous drilling (by prior owners and by Rumble) has demonstrated high-grade gold occurs as moderately south plunging lode system with scope to extend to significant depths which may be amenable to underground mining.

Keep reading...Show less
Tempest Minerals

Yalgoo Update: Extensional Geochem Survey Completed at Remorse

Tempest Minerals Ltd (TEM) is pleased to announce the completion of an extensional geochemistry sampling at the Remorse Target. An untested but previously tenement-constrained area to the south of the main copper anomaly has now been sampled. This area was identified as a high-priority task within ongoing fieldwork leading up to a major drill program at the Remorse Target.

Keep reading...Show less
Gold bars stacked on top of each other with one in focus in the middle.

Why Do Central Banks Buy Gold? (Updated 2024)

Global central banks held more than 36,699 metric tons (MT) of gold in their reserves as of year-end 2023. Most of that supply has been amassed since 2010, when central bankers commenced a gold-buying spree.

Central banks were net sellers of gold before that time, selling roughly 4,426 MT of gold between 2000 and 2009. But for nearly a decade and a half now they’ve been net buyers of the metal.

In 2018, national financial institutions set a 50 year record for gold purchases, snapping up 656 MT of the yellow metal. Buying was slightly lower in 2019, clocking in at approximately 605 MT.

Keep reading...Show less
Gold bars.

Top 4 ASX Gold ETFs (Updated 2024)

The gold price has reached historic highs in 2024, rising above US$2,400 per ounce. For Australian investors, the price of the yellow metal has surged above the AU$3,700 mark in just the past few months.

These gains have come as investors anticipate interest rate cuts, and against a backdrop of continued geopolitical turmoil in Ukraine and the Middle East. Gold has also been buoyed by central bank and Chinese buying.

For many investors, gold is a tool for diversification. The precious metal is known for its ability to act as a safe haven and hence operates as a protective option when building a balanced portfolio.

Keep reading...Show less
Delta Further Expands Its Land Position in Thunder Bay, Ontario

Delta Further Expands Its Land Position in Thunder Bay, Ontario

  • (4) Four purchase or option agreements totaling 330 cell units covering 68 square kilometres

Delta Resources Limited (TSXV: DLTA) (OTC PINK: DTARF) (FSE: 6G01) ("Delta" or "The Company")  is pleased announce that it has entered into four (4) four separate agreements (two purchase agreements and two option agreements) whereby Delta is acquiring the exclusive rights to earn a 100% interest in 330 claim units covering approximately 68 square kilometres, contiguous to its Delta-1 Property in Thunder Bay, Ontario see Figure 1).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8482/210755_0c12e368647c4b9e_001.jpg

Figure 1: Geological map of the Shebandowan Greenstone belt showing the position of the Delta-1 Property, the newly optioned Bandore property (in blue) and Delta's new property acquisitions/options in red.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Gold Royalty Announces Agreement to Acquire Vares Copper Stream

Gold Royalty Announces Agreement to Acquire Vares Copper Stream

Gold Royalty Corp. (" Gold Royalty " or the " Company ") (NYSE American: GROY) is pleased to announce that it has entered into a binding purchase and sale agreement (the " PSA ") with OMF Fund III (Cr) Ltd., an entity managed by Orion Mine Finance Management LP (" Orion ") to acquire a copper stream (the " Stream ") on the Vares Silver Project (" Vares "), operated by a subsidiary of Adriatic Metals plc (" Adriatic ") located in Bosnia and Herzegovina (the " Transaction ").

Under the terms of the PSA, Gold Royalty will pay consideration to Orion of US$50 million to acquire the Stream at closing of the Transaction, consisting of US$45 million payable in cash and US$5 million to be satisfied by the issuance of 2,906,977 Gold Royalty shares.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Antilles Gold Limited

Antilles Gold Limited Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×