Antilles (ASX:AAU) confirms high grade Cuban copper

Antilles Gold has validated high-grade copper intercepts of up to 4.85% Cu from 18.5m from last year’s drilling at its El Pilar gold-copper oxide deposit in central Cuba.

SGS’s certified laboratory in Canada have validated Cuban laboratory, LACEMI, results from 1800m of drilling completed in September last year.

It is a milestone boost for the Company, eyeing subsequent development of the mineral-rich region’s previously explored copper, gold, and silver deposits.

Antilles Gold Executive Chairman Brian Johnson said his Company is at the forefront of the emerging mining sector in Cuba and expects to develop several projects through its joint venture with the Cuban Government’s mining company, GeoMinera SA.

AAU.AX

ANTILLES FPO [AAU]

ASX

$0.003

$0.001

25.00%

Part of that ambition is a near-term project of the joint venture company Minera La Victoria SA, which is the proposed development of the La Demajagua open pit mine on the Isle of Youth in southwest Cuba to produce concentrates containing gold, silver, and antimony.

Meanwhile, Antilles Metals Inc’s new subsidiary will enter into a joint venture with GeoMinera to explore the extensive El Pilar copper-gold porphyry system where ground magnetic and induced polarisation surveys are currently unfolding.

Mr Johnson added that its Cuban activities are transitioning into two distinct arms.

“One will focus on developing a series of relatively small gold mines within the Minera La Victoria joint venture, but having the potential for worthwhile cumulative gold production and profitability, and the other on exploring major copper targets,” he said.

Highlight Results

• PDH-004A 134.5m at 1.13% Cu from 49.85m, including 18.5m at 4.85% Cu
• PDH-005 18m at 1.1% Cu from 32.7m, including 3.8m at 3.92% Cu – also includes 10.7m at 7.77g/t Au
• PDH-002 30.5m at 0.51% Cu from 49.5m, including 8m at 1.27% Cu – also includes 14m at 38.31g/t Au
• PDH-001A 72.4m at 0.58% Cu from 36.6m, includes 26.2m at 0.79% Cu.

The current pipeline of additional projects with near-term development potential consists of
the El Pilar gold-copper oxide deposit, which caps an extensive copper-gold porphyry system in
Central Cuba.

ANTILLES FPO [AAU]

Sector: Basic Materials

Industry: Gold

Employees:

Antilles Gold Limited engages in the exploration, evaluation, and development of mineral properties in Cuba. The company explores for gold, silver, and copper deposits. It holds interests in the La Demajagua open pit mine located on the Isle of Youth, southwest Cuba; and Nueva Sabana open pit mine situated in central Cuba. The company was formerly known as PanTerra Gold Limited and changed its name to Antilles Gold Limited in November 2020. Antilles Gold Limited was incorporated in 1984 and is based in Bowral, Australia.

Please note the following valuable information before using this website. 

Independent Research 

Market Open Australia is intended to be used only for educational and informative purposes, and any information on this website should not be taken as investment advice or guidance. It is important to conduct your own research before making any investment decisions, which should be based on your own investment needs and personal circumstances. Any investment decisions based on information contained on this website should be taken in line with independent financial advice from a qualified professional or should be independently researched and verified.