Antilles Gold (AU:AAU) has released an update.
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Antilles Gold Limited has reported promising results from initial in-fill drilling at the Nueva Sabana oxide deposit in Cuba, with high-grade gold and copper intercepts that could enhance their mineral resources estimate. The company is progressing towards an updated resource estimate and pre-feasibility study, with a simple, cost-effective mining operation planned that leverages the high-grade gold cap for early operations. They are currently negotiating finance options for the mine’s construction, with the project expected to be ready for development by October 2024.
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