Antilles Gold: Shares slip on initial drill results from El Pilar, Cuba

Antilles Gold Shares slip on initial drill results from El Pilar, Cuba

  • Antilles Gold (AAU) shares close red following initial results for three drill holes at its El Pilar deposit in central Cuba
  • Five of the six completed holes intersected the gold and copper domains of the deposit into what the company says appears to be the outer zone of a porphyry intrusion
  • One of the holes returned an intercept of 13.4 metres at 3.53 grams per tonne (g/t) gold in the gold domain and 72.4 metres at 0.63 per cent copper in the copper domain
  • Antilles plans to begin two separate drilling programs early in the new year, with one aimed at establishing JORC resources and a scoping study for an open-pit mine
  • AAU shares closed 16.67 per cent lower at 3.5 cents
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...