Announcement Date: 2022-11-23
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Aguia Resources Ltd.
Project name: Andrade
Location: Brazil
Commodities: Silver,Copper
Highlight: Drilling results incl. 14m at 1.2% Cu, 16.69g/t Ag from 111m
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’) has two well-advanced mining projects in southernmost Brazil: cathode green copper and organic phosphate. We are pleased to confirm strong assay results from our diamond drilling program at Aguia’s Copper Project in the Rio Grande Copper Belt. As previously announced, the objective of the initial phase of the drilling program1 (which was to infill the drilling grid of the existing mineral resource2 ) was successfully completed (see Figures 1 and 2). The drilling program concentrated on the shallow and high-grade portions of Aguia’s copper mineral deposit. Previous holes in that portion returned significant high-grade mineralisation, including our then-best intercepts of 38.20 metres grading 1.42% copper from 76 metres. The Company has now received further assays of high-grade copper zones, confirming Aguia’s existing Copper Mineral Resource model
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