ANTILLES GOLD LIMITED

ANTILLES GOLD LIMITED (ASX: AAU)

3D modelling reveals large scale of El Pilar Copper-Gold Porphyry System cluster in Cuba, potentially presenting a significant tier 1 project.
Drilling contractor engaged for 10,000m diamond drilling on three porphyry intrusives, with drilling set to commence next week.
Large intrusives interpreted from -100m to beyond -800m, suggesting combined size of potential deposits within these intrusives could be significant.

2023-05-18 08:32:00

Recently completed ground magnetics and IP surveys produced 3D models of El Pilar copper-gold porphyry system, indicating multiple drill targets and potential large-scale mining project.
The IP chargeability and resistivity anomalous zone extends for over 1,350m strike length, covering El Pilar, Gaspar, and newly discovered Camilo targets.
A drilling program commencing around 15 May 2023 plans to drill five holes into each of the three porphyry intrusives, assessing copper and gold grades.

2023-05-04 09:14:00

Antilles Gold has completed a revised Scoping Study for the La Demajagua open pit mine, indicating potential for increased profitability and a shorter mine life.
La Demajagua mine is expected to be developed in a joint venture with the Cuban government to produce gold arsenopyrite and silver-antimony concentrates for international sales.
Definitive Feasibility Study (DFS) is nearing completion which will update both Mineral Resource Estimate and Financial Modelling for the project.

2023-03-30 09:59:00

Antilles Gold is pleased to provide additional information in relation to the Induced Polarization (IP) survey currently being carried out on the El Pilar copper-gold porphyry system in central Cuba.
The 1,700ha concession at El Pilar was selected by Antilles Gold from over 30 previously explored properties prospective for copper.
Aeromagnetic survey indicated three primary porphyry targets - El Pilar, Gaspar and San Nicholas, and potentially others within a cluster.

2023-03-08 09:24:00

Antilles Gold Limited has received additional assays from a 1,800m drilling program conducted in September 2022 on the El Pilar gold-copper oxide deposit in central Cuba.
PDH-004A returned 134.5m at 1.13% Cu from 49.85m, including 18.5m at 4.85% Cu.
The Mining Concession covering the oxide deposit is anticipated to be transferred to Minera La Victoria SA, allowing for a low capex mine to potentially be developed soon after construction commencement of the proposed La Demajagua gold, silver, antimony open pit mine.

2023-03-03 09:17:00

Antilles Gold Limited has received assays from SGS Canada following a 1,800m drilling program on an outcropping oxide gold domain in El Pilar, Cuba.
The new assays have largely replicated those from LACEMI and have upgraded high grade intervals, suggesting the presence of coarse gold.
The high-grade gold zones at El Pilar appear to be near surface.

2023-01-24 09:13:00