Aguia Resources (ASX:AGR) has identified visible gold and continuity of mineralised structures underneath current work at its wholly owned Santa Barbara Project in Colombia in its ongoing drilling program.
The company has completed seven diamond drillholes spanning 756.4m within a greater 25 drillhole plan, with the first five assays intersecting down dip of the targeted system.
Intersections returned 5.28 grams per tonne gold and 9.8g/t silver over 0.6m, as well as 15g/t gold over 0.45m including 44.2g/t gold and 74.2g/t silver over 0.15m.
Aguia identified visible gold in drillhole SB-25-03, with intersections including 25.43g/t gold and 78.3g/t silver over 0.6m.
The company expects to return assay results from the final two completed drillholes in early August, while it progresses the campaign for another planned 18 holes.
Executive Chairman Warwick Grigor says this program represents the potential of the Santa Barbara Project, as the first drilling program undertaken at the project.
“The continuity of the structures and the grades intersected so far confirm our strong belief that this mineralised system meets our expectations and will deliver on the growth potential of the project,” Grigor says.
“As usual, high-grade veins pinch and swell and there is always some variability of grade and widths.
“Whilst the grades from the drilling and channel sampling are very encouraging, the most important observation is the depth continuity of the veins over the strike length.”
Aguia Resources is a mineral explorer focused on the development of its portfolio of wholly owned assets in Brazil and Colombia.
Write to Maddison Elliott at Mining.com.au
Images: Aguia Resources
