Antilles Gold Ltd (ASX:AAU, OTCQB:ANTMF) has fielded further high-grade gold and silver results from a drilling campaign at the La Demajagua open pit deposit in southwest Cuba.
Final assays from 28 drill holes in the completed 29,000-metre program returned:
- 13 metres at 10.3 g/t gold and 49.2 g/t silver from 172 metres including 3 metres at 29.9 g/t gold;
- 7 metres at 9.2 g/t gold and 62.7 g/t silver from 165 metres including 3 metres at 16.8 g/t gold;
- 5 metres at 8.4 g/t gold from 163 metres;
- 21 metres at 6.1 g/t gold and 93.0 g/t silver from 163 metres including 7.5 metres at 11.7 g/t gold;
- 11 metres at 5.2 g/t gold and 16.0 g/t silver from 70 metres; and
- 2 metres at 28.4 g/t gold and 577.0 g/t silver from 28 metres.
With these results, Antilles will now revise the current total indicated and inferred resources for the preliminary pit shell of 10.3 million tonnes at 2.74 g/t gold (908,000 ounces) and 29.3 g/t silver (9.71 million ounces), and incorporate them in an updated scoping study.
Plans are underway to begin construction of the mine’s infrastructure in early 2023, followed by 12 months of mine development in mid-2023.
A drilling program to establish the resources for the proposed underground operations will be drawn up after the open pit mine is commissioned.