Aguia hits bonanza gold with first Colombian assay | Australian Markets

The assay lab lit up like a Christmas tree after Aguia Resources’ first drill marketing campaign at its Santa Barbara project in Colombia delivered bonanza hits of up to 44.2g/t gold and 78.3g/t silver.

The outcomes had been backed up by seen gold and repeat intersections throughout the focused vein system, setting the stage for a a lot bigger exploration push.

Seven diamond holes overlaying 756 metres of drilling have been accomplished to date on the Santa Barbara vein system, with assays returned from 5.

Standout drill outcomes embrace 0.6m grading 25.43 grams per tonne (g/t) gold and 78.3g/t silver from 88 metres depth with encouraging indicators of seen gold within the core.

Another gap hit 0.45m working at 15.0g/t gold from 59m together with a 0.15m part grading a severe 44.2g/t gold and 74.2g/t silver, whereas a third gap struck 5.28g/t gold and 9.8g/t silver over 0.6m from 107.5m

Notably, Aguia says each single gap has intersected mineralisation, confirming its structural model and revealing the veins prolong not less than 50m beneath the present underground workings.

Drilling has examined 200 metres of strike to date and whereas the vein widths have sometimes tended to pinch and swell, the company added the construction stays intact and open in all instructions.

The remaining 18 diamond holes, overlaying 800m of contemporary strike, will give attention to the Mariana construction. Mariana is a parallel vein system to Santa Barbara and has already proven promise in earlier floor work and mining exercise.

Underground channel sampling is proving simply as fascinating. Multiple assays have smashed by means of the ounce to the tonne, or 31g/t mark – with 5 samples pushing past 50 grams per tonne gold. One standout channel pattern even returned an eye-watering 85.04g/t gold and 91.7g/t silver.

The continuity of the constructions and the grades intersected to date verify our sturdy perception that this mineralised system meets our expectations and can ship on the growth potential of the project. Whilst the grades from the drilling and channel sampling are very encouraging, essentially the most important remark is the depth continuity of the veins over the strike size.

The gold at Santa Barbara is usually hosted in areas the place cracks within the rock – or shear zones – have opened up and stuffed with quartz and carbonate veins. These candy spots, referred to as “dilation zones”, have produced stronger sulphide development and higher-grade mineralisation, significantly within the earlier-stage vein phases.

Aguia’s geologists suspect a close by felsic porphyritic intrusive rock may very well be the driving pressure behind the formation of the Santa Barbara gold system.

If confirmed, the intrusive may additionally level to the presence of a bigger epithermal overprint, much like that seen at Continental Gold’s close by world-class Buriticá mine. Buriticá hosts a staggering 5 million ounces of gold at an average grade of 10.3g/t and 21 million ounces of silver going 40.8g/t, setting a lofty aim for Aguia’s own project.

With channel samples screaming high-grade and drill bits persevering with to hit paydirt – just about each go, Aguia’s Colombian journey is shaping up as a potential company-maker. Results from holes six and 7 are due in early August and will inject even more momentum into this rising South American gold play.

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