Investing News NetworkAUSTRALIA
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 Readings29m @ 2.05% Cu from 151m, incl 11m @ 4.70% Cu with 1m interval @ 17.37% Cu
PDH-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.”
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