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Aguia Resources Ltd.
Summary
| Project: | Primavera | |
|---|---|---|
| Deposit: | Big Ranch | |
| Location: | Brazil | |
| Commodities: | Copper-Silver | |
| Date: | 3/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 6-3-2019: Aguia Resources Ltd. announces an Exploration/Drilling Update report for its Big Ranch deposit at the Primavera project. Drilling results incl. 2.95m @ 0.88g/t Au from 24.05m. The drilling program commenced in October 2018. The main purpose of t | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Fernando Tallarico (Internal) | |
| ABSTRACT: | The drilling program commenced in October 2018. The main purpose of this campaign was to acquire additional data on the geology and nature of the hydrothermally altered rocks at depth, to provide the necessary information for a more accurate interpretation of the copper and base metals showings identified to that point. This first pass of exploration drilling, which focused on the broadly spaced surface base metal showings, structural controls and associated geophysical anomalies, has successfully identified a 6 km by 2 km zone of mineralisation including zinc, copper and precious metals. The data gathered in this drill program will be used to vector towards zones that exhibit high discovery potential for future drilling. Assay results have been received for 11 holes with mineralisation encountered in 7 holes. The assays from the drilling program confirm Aguia has identified a major hydrothermal system and provides greater understanding of the distribution and nature of the various geophysical and geochemical anomalies mapped at surface and also at depth. Intense hydrothermal alteration including chlorite, carbonate and K-feldspar halos host the sulfide minerals. Pyrrhotite and pyrite are the most abundant sulfide species and explain the bulk of the geophysical anomalies that were mapped. Zinc and copper sulfide minerals occur in association with the iron-sulfides. High-grade samples were intersected over thin intervals. The next stage of the exploration program is being developed to continue the vectoring program using the data gathered. The key objective moving forward will be to identify and rank structural and chemical trap zones that can potentially favor the concentration of economic sulfide mineralisation. The table below summarizes the assay results received to date | |
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