Announcement Date: 2022-08-18
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Aguia Resources Ltd.
Project name: Andrade
Location: Brazil
Commodities: Silver,Copper
Highlight: Drilling results incl. 38.2m @ 1.42% Cu, 3.64g/t Ag from 76m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Sydney, Australia – Aguia Resources Limited ABN 94 128 256 888 (ASX: AGR) (‘Aguia’ or the ‘Company’) confirms strong assay results from the ongoing diamond drilling program at the Andrade Copper Project, in the Rio Grande Copper Belt, in southernmost Brazil. As previously announced, the initial 2,000 metres of drilling forms the first phase of the infill drilling program planned across four phases (see Figures 1 and 2).1 To date, the Company has completed 15 drill holes totalling 1,450 metres. The drilling program is concentrating on the shallow and high-grade ore body portions of the deposit. Previous holes in that portion returned significant high-grade mineralisation including our then best intercepts of 28.77 metres grading 1.83% copper from 63.63 metres with a higher-grade zone of 19.39 metres grading 2.55% copper. The Company continues to intersect high-grade copper zones, confirming and extending to the south the shallow high-grade copper zone within the existing Andrade Mineral Resource area. Hole AND-22-019 has returned the best copper mineralisation intercept drilled so far in the entire deposit, being 10 metres longer than our previous best drill hole as outlined above. In addition, Hole AND-22-019 also returned an important mineralised intercept that will add to and improve the overall resource model.
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