Antilles (ASX:AAU) swell El Pilar porphyry

Antilles (ASX:AAU) swell El Pilar porphyry

May 18, 2023 0 By Tom Duggan

Antilles Gold 3D modelling has further indicated the sweeping scale of an El Pilar copper-gold porphyry system running through its fast-emerging project in the island nation of Cuba.

The company now has an interpreted 3D model, diagrams of porphyry intrusive areas and IP surveys of a cluster of three copper-gold porphyry deposits on hand as it moves on proving up what could be a massive trove of Cuban copper-gold.

The single hole drilled by Antilles last year returned with an eye-opening strike of 134m @ 1.23% copper, and with the potential size of the porphyry cluster, El Pilar could stand as a globally significant tier one project if phase one drilling comes close to replicating that success.

And new results will come soon, a drill rig has been mobilised to site and is expected to begin work next week with an expansive 10,000 metres of diamond drilling on three large porphyry intrusives continuing at depth beyond 800 metres.

The upcoming program is directed at finding the extent of copper-gold within the interpreted boundaries and further revealing the raw potential of El Pilar.

A 3D model of the El Pilar deposits.

The 3D-IP model of El Pilar.

 

Cuba is opening itself to investment, and El Pilar is set to become a separate JV with the possibility of majority foreign ownership as the current venture between Antilles and GeoMinera remains focused on developing near-term gold mines with an added shine of antimony.

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ANTILLES FPO [AAU]
ASX
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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. The company was incorporated in 1984 and is based in Bowral, Australia.

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