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AusQuest Limited ( (AU:AQD) ) has provided an announcement.
AusQuest has reported initial Stage 3 drilling results from its Cangallo porphyry copper-gold project in Peru, significantly extending the known mineralised system to more than 1,500 metres in length. Early assays from 10 of 20 reverse circulation drill holes show broad copper intersections from near surface to depths beyond 400 metres, with mineralisation remaining open to the north, south and east.
The company plans a further 5,000 metres of RC drilling from early March to expand mineralisation in strongly mineralised zones, alongside deep diamond drilling from April to test for depth extensions of copper sulphide mineralisation. The results support the potential for a substantial near-surface copper oxide resource in a favourable location close to the coast and key infrastructure, underscoring Cangallo’s emerging importance in AusQuest’s project portfolio.
The most recent analyst rating on (AU:AQD) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on AusQuest Limited stock, see the AU:AQD Stock Forecast page.
More about AusQuest Limited
AusQuest Limited is an Australia-based mineral exploration company focused on discovering and developing copper and gold deposits. The company’s key growth projects include the 100%-owned Cangallo Porphyry Copper-Gold Project in Peru, where it is targeting large-scale, near-surface copper systems in a region with established coastal infrastructure.
Average Trading Volume: 4,384,434
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$91.41M
For a thorough assessment of AQD stock, go to TipRanks’ Stock Analysis page.