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AusQuest Limited ( (AU:AQD) ) has shared an update.
AusQuest Limited has reported encouraging early assay results from a nine-hole, 1,884-metre reconnaissance reverse circulation drilling program at its Mt Davis Project in Western Australia, where anomalous lead, copper and silver values indicate potential for sediment-hosted base metal mineralisation. Three holes intersected notable base metal anomalies in weathered carbonaceous cherty mud rocks associated with a VTEM electromagnetic conductor and soil geochemical anomalies, including a peak lead value of 2.8% at 80 metres depth, and the company will now work with partner South32 to determine next exploration steps, underscoring the project’s emerging prospectivity in a largely under-drilled area of the Earaheedy Basin.
More about AusQuest Limited
AusQuest Limited is an Australian mineral exploration company focused on discovering base metal deposits, including copper, lead, zinc and associated silver, through early-stage exploration in prospective geological terranes. Its Mt Davis Project in Western Australia forms part of a Strategic Alliance Agreement with a wholly owned subsidiary of South32, targeting sediment-hosted base metal systems comparable to those in north-west Queensland.
Average Trading Volume: 2,676,512
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$80.01M
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