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

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

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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
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