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AusQuest Limited ( (AU:AQD) ) has shared an announcement.
AusQuest Limited has reported significant progress in its Cangallo Project in southern Peru, with the latest assays from Stage 2 Reverse Circulation drilling expanding the porphyry copper system both laterally and at depth. The discovery is shaping up to be a major greenfields copper find, with mineralization intersected from near surface to depths exceeding 300 meters. The company plans to commence deep diamond drilling in September, followed by Stage 3 RC drilling in October, to further explore the southern extensions of the system. This ongoing exploration could significantly enhance AusQuest’s position in the copper mining sector, potentially offering substantial returns for stakeholders.
More about AusQuest Limited
AusQuest Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary market focus is on discovering and developing copper deposits, particularly in regions like southern Peru.
Average Trading Volume: 2,754,879
Technical Sentiment Signal: Buy
Current Market Cap: A$48.74M
For a thorough assessment of AQD stock, go to TipRanks’ Stock Analysis page.