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AusQuest Ltd.
Summary
| Project: | Cerro De Fierro | |
|---|---|---|
| Deposit: | Cerro De Fierro | |
| Location: | Peru | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 3/5/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-3-2020: AusQuest Ltd. announces an Exploration/Drilling Update report for its Cerro De Fierro deposit at the Cerro De Fierro project. Drilling results incl. 43m @ 0.43% Cu, 0.35g/t Au. AusQuest Limited (ASX: AQD) is pleased to provide a progress update | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Graeme Drew (Internal) | |
| ABSTRACT: | AusQuest Limited (ASX: AQD) is pleased to provide a progress update on the Stage 2 scout diamond drilling program which commenced in late November at the Cerro de Fierro Copper Prospect in southern Peru, under the Company’s Strategic Alliance Agreement (SAA) with South32 (see ASX announcements, 20 November 2019, 9 and 10 January 2020). The program was completed in early February 2020 with a total of seven drill-holes for 3,200m drilled as part of the ongoing assessment of this IOCG prospect. Final assay results have now been received and will be assessed over the coming weeks. Significantly, copper mineralisation was intersected in every drill-hole except CDFDD010, which was terminated at 366m above the target zone (for drilling reasons). Significant intersections from the current program include 51m @ 0.31% Cu, 0.18g/t Au and 1.2g/t Ag (including 6m @ 1.16% Cu, 0.42g/t Au and 4.4g/t Ag) within CDFDD14, 21m @ 0.3% Cu, 0.14g/t Au and 2.4g/t Ag within the lower portion of CDFDD09 (which was terminated in the mineralised zone), and 6m @ 0.18% Cu and 0.6g/t Ag in the bottom hole samples from CDFDD12, | |
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