- Antilles Gold (AAU) receives more high-grade results from drilling at the La Demajagua gold-silver deposit in Cuba
- Latest results include gradings up to 7.93 grams of gold per tonne (g/t) and silver of up to 94.76g/t which builds on previously reported strong results
- Since drilling wrapped up, the company has been progressing feasibility study activities for a planned open pit mine
- Antilles is also about to begin a 10,000-metre drilling program at the deposit which aims to define the JORC resource and support the open pit mine
- Company shares are up 1.12 per cent to trade at 9 cents at 2:17 pm AEDT
Antilles Gold (AAU) has received assays from another five holes drilled at the La Demajagua gold-silver deposit in Cuba.
These holes were drilled as part of a 15,000-metre drilling program which was completed in August. Drilling aimed to support a definitive feasibility study (DFS) for a planned open pit mine.
Drill holes from this program have continued to return strong results with the latest and best including five metres at 2.6 grams of gold per tonne (g/t) and 25.7g/t silver from 129 metres, three metres at 2.56g/t gold from 137 metres.
Additional results include nine metres at 3.54g/t gold and 42.5g/t silver from 137.5 metres including two metres at 7.4g/t gold, and 26 metres at 3.5g/t gold and 94.76g/t silver from 44 metres including five metres at 7.93g/t gold.
Since this program was completed, Antilles has been progressing environmental approvals, geotechnical and hydrogeology reports, and metallurgical testwork as part of the DFS.
The company is also about to begin a 10,000-metre drilling program at the deposit to define JORC resources and finalise planning for the proposed open pit mine.
Mid-next year, Antilles will begin infrastructure construction including mine site works, offices, accommodation etc with pre-stripping of waste to commence from January 2023.
Company shares were up 1.12 per cent to trade at 9 cents at 2:17 pm AEDT.