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AusQuest Limited ( (AU:AQD) ) just unveiled an announcement.
AusQuest has completed Stage 3 reverse circulation drilling at its 100%-owned Cangallo copper-gold project in Peru, reporting broad mineralised intercepts over a corridor exceeding 1.5km in length. The latest results, including multiple long intervals of copper and gold mineralisation, reinforce the interpretation of Cangallo as a very large and laterally continuous porphyry system with growing grade potential.
Higher copper and gold grades have been identified in the southern part of the prospect, where multiple intervals above 0.5% copper suggest at least one porphyry centre may be located. The discovery’s potential is further supported by extensive near-surface copper oxide mineralisation, a planned 5,000m diamond drilling program targeting deeper sulphide extensions, and prioritised permitting to accelerate further drilling in the most prospective southern zone.
More about AusQuest Limited
AusQuest Limited is an Australian-based mineral exploration company focused on discovering and advancing large-scale copper and gold deposits. The company’s flagship Cangallo Porphyry Copper-Gold Project in Peru targets significant porphyry-style mineralisation in a coastal region with access to key infrastructure, positioning AusQuest within the global copper-gold exploration space.
Average Trading Volume: 2,908,653
Technical Sentiment Signal: Buy
Current Market Cap: A$68.37M
See more insights into AQD stock on TipRanks’ Stock Analysis page.