Antilles Gold (ASX:AAU) show Carribean copper-gold looming large

Antilles has outlined multiple new drill targets, including of cluster of porphyry intrusive indicating large-scale copper-gold porphyry potential for the El Pilar project in central Cuba.

3D imagery has given new depth to a slew of priority drill targets close to an eye-opening intercept of 134m @ 1.23 % Cu from 49 metres while remaining open at depth.

The extensive anomalous zone now extends for over 1350 metres of strike, outcropping at the El Pilar oxide zone through the Gaspar target and onto the newly defined Camilo target which holds the largest anomaly.

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Both Antilles and state-owned GeoMinera intend to transfer a direct beneficial economic interest to the joint venture, and Executive Chairman Brian Johnson said a new JV would be established as a separate entity to hold the El Pilar porphyry system.

Cuba is looking at permitting a majority foreign ownership in the project, agreeing it could potentially lure in a global mining group to join an El Pilar venture which has continued to indicate extensive amounts of Caribbean copper.

It could be an auspicious next few months for Antilles as it awaits results from not only the trio of porphyry deposits, but an El Pilar oxide deposit now being drilled to establish the resource for a proposed New Sabanas gold-copper mine.

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.