Further assaying of latest high-grade gold hits from an 1800m drill marketing campaign at Antilles Gold’s El Pilar venture in central Cuba has returned a string of stellar shallow gold intercepts peaking at 194 grams per tonne gold. The attention-watering 3m hit was housed in a 13m run returning a formidable 45.17 g/t tonne gold from floor.
Antilles resubmitted samples from its newest air-core drilling probe to a licensed laboratory in Canada to acquire a extra correct evaluation for the high-grade gold samples.
The identical intercept was beforehand reported from assaying on the Cuban authorities’s laboratory in December final 12 months as 20m grading at 2.87 g/t gold from floor which included the 3m strike at 13.81 g/t gold.
Moreover, a beforehand reported 53.5m part at 10.92 g/t gold from 12m nearly doubled in grade underneath nearer inspection with the identical intercept returning 19.06 g/t gold with a formidable inside hit of 16.4m operating at 41.64 g/t of the dear yellow steel.
In response to the corporate, the reanalysis of the high-grade intercepts alludes to the presence of coarse-grained gold including additional sparkle to the outcropping oxide gold mineralization on the Caribbean island.
A 10,000m drilling program is scheduled for the oxide deposit within the coming weeks with a purpose to set up JORC sources and advance a scoping examine for an open pit mine to supply gold and copper concentrates.
Primarily based on the outcomes from the latest exploration program, and from 28,000m of historic drilling of the oxide deposit, the Firm is assured {that a} comparatively small, however gold-rich, mine could possibly be developed subsequent 12 months, and funded primarily by advances for contracted focus gross sales.
The sooner drill program returned glorious copper assays too, headlined by an 18.5m strike at 5.52 per cent copper from 59m.
One other drill gap sunk 134m under the higher gold area discovered a median 1.23 per cent copper grade operating its size and remained open at depth. Assay outcomes from the reanalysis of the copper assays from the oxide zone are pending.
Whereas the shallow high-grade gold deposit gives an early open-pittable goal, a doubtlessly giant underlying copper-gold porphyry system presents a transparent exploration zone to fulfill a worldwide commodity market hungry for copper.
Regardless of falling copper costs up to now 12 months, copper is buying and selling at a seven-month excessive of US$9,340 per tonne.
Floor geophysical surveys are presently underway and are designed to assist level the drill rig in the proper route. With the outcomes anticipated within the subsequent two months, Antilles hopes to set the rods in movement with a five-hole diamond drilling program to check the underlying porphyry system to depths of about 600m.
Situated in central Cuba, El Pilar is certainly one of three near-term mine developments for gold, silver, copper and zinc that Antilles has on its books by means of its three way partnership firm, Minera la Victoria SA. Its accomplice is the Cuban authorities’s mining firm GeoMinera.
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