Drilling at the Anabella project in the western highlands of Guatemala has encountered intermittent zones of gold-antimony mineralization, reports operator
The results come from three additional holes sunk in the Anabella mine area. Hole 5 tested the eastern portion of the Anabella deposit and intersected four mineralized sections within the upper 128 metres of the hole, including: 10 metres averaging 3.57 grams gold per tonne and 0.19% antimony from a depth of 2-12 metres; 8 metres averaging 3.8 grams gold and 0.45% antimony from 32 to 40 metres; 12 metres averaging 2.05 grams gold from 78 to 90 metres; and 18 metres averaging 0.61 gram gold and 1.89% antimony from 110 to 128 metres.
Hole 6 was collared on the western limits of the underground workings and hit 10 metres averaging 3.53 grams gold (including 2 metres of 8.87 grams) at a depth of 110 metres. Hole 7 also tested the western limits, intersecting 12 metres averaging 0.16 gram gold and 2.53% antimony at a depth of 84-96 metres before passing through what is believed to be an open stope from previous underground mining.
To date, Aquest has completed eight reverse-circulation holes in the Anabella mine area. Results for the eighth hole are pending. Drilling is now targeting the LC mine area, which lies 1 km along strike to the west-northwest of Anabella.
As part of its due diligence program, Aquest is attempting to determine Anabella’s potential to host a multi-million-ounce gold deposit. The Vancouver-based junior has the right to acquire the project for an initial payment of US$10 million.
The property holdings cover a 5-km-long trend of gold-antimony mineralization, plus a mine, mill and smelting facilities. High-grade antimony lenses have been mined from the Anabella area on a semi-regular basis since the late 1960s.
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