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Aguia Resources Ltd.
Summary
| Project: | Tres Estradas | |
|---|---|---|
| Deposit: | Tres Estradas | |
| Location: | Brazil | |
| Commodities: | Phosphate | |
| Date: | 1/17/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-1-2017: Aguia Resources Ltd. announces an Exploration/Drilling Update report for its Tres Estradas deposit at the Tres Estradas project. Drilling results incl. 72.65m @ 3.91% P2O5 from 93.25m. Brazilian fertiliser developer Aguia Resources Limited (ASX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Fernando Tallarico (Internal) | |
| ABSTRACT: | Brazilian fertiliser developer Aguia Resources Limited (ASX: AGR) (“Aguia” or “Company”) is pleased to update shareholders on the infill drilling program at its flagship Três Estradas Phosphate Project in southern Brazil. Consistently encouraging results demonstrate the homogeneous nature of the deposit. Four diamond rigs and one reverse circulation rig continue to operate at site, having completed 6,450 metres, or approximately 70%, of the total 9,500 metres that is planned. The infill drilling continues to return grades and thicknesses predicted in our model which achieves the program’s objective to convert Inferred Resources to the Measured and Indicated categories. A key highlight is some intercepts have even been thicker than predicted, for example hole TED-16- 086 intercepted 72 metres of carbonatite, which was 22 metres more than predicted. Table 1 below provides a summary of the latest assay results. The holes selected to generate samples for the upcoming Pilot Plant test have been completed and the sampling and selection of the composites finalised. Samples are now on their way to Eriez Flotation Division in Pennsylvania. | |
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