- Angold Resources (AAU) has provided a summary of the results of its 2021 drill program at the Lajitas target, Dorado Project
- Adrian Rothwell, CEO of Angold Resources sat down with Dave Jackson to highlight the drill program
- The gold distribution suggest that the mineralization is open at depth and in other intrusive bodies located at the border of the drilled area
- The newly identified zone at Lajitas South confirms and substantially increases the scale of the porphyry systems present on the property
- Permitting, including authorization from the SEA (Environmental Assessment Service) and local communities, is now ongoing on the Dorado project
- Angold is a gold exploration and development company
- Angold Resources Ltd. (AAU) is up 3.23 per cent on the day, trading at C$0.16 per share at 2:15 pm EST
Angold Resources (AAU) has provided highlights of its 2021 drill program at the Lajitas target, Dorado Project in Chile.
Adrian Rothwell, CEO of Angold Resources sat down with Dave Jackson to highlight the drill program at the Dorado Project.
Key highlights:
- Drilling: 2021 drilling at Lajitas confirmed >100m step-outs to the north and south and expansion of mineralization at depth. The company’s highlighted hole was 302 m at 0.71 g/t Au from surface.
- Opportunity: The holes drilled by Angold only reached the upper-most part of the porphyry system. The gold distribution and additional features suggest that the mineralization is open at depth and in other intrusive bodies located at the border of the drilled area.
- Discovery: With gold at the surface, Lajitas South represents a blue-sky prospect just 1 km from the Lajitas deposit. The Eva, Ruby, Los Patos, Gaby and Magy prospects provide earlier stage opportunities which have never been previously recognized or explored.
- Significant size and scale: The newly identified zone at Lajitas South confirms and substantially increases the scale of the porphyry systems present on the property. Extensive soil and rock sampling confirm geochemistry anomalies in an area approximately 6.5 x 4.5 km.
- Plan of operations: With new discoveries, Angold has moved Dorado into the Chilean environmental evaluation system, starting the field studies for a DIA (Declaracion de Impacto Ambiental, in Spanish). This will allow the company flexibility over future drill campaigns.
Angold’s CEO, Mr. Adrian Rothwell commented on the results.
“Combined 2021 results provide multiple vectors on a now well-understood project and geological model. With the pervasive nature of mineralization at Dorado, moving this project to a more advanced permit will be an important asset for the company, providing flexibility and greater potential to expand known areas of mineralization, as well as to increase the operating footprint in which to make further discoveries.”
With the larger potential for new discoveries, Angold has commenced permitting for Dorado within the Chilean environmental evaluation system and has started field studies for a DIA (Declaracion de Impacto Ambiental, in Spanish).
This permit will allow the company greater flexibility over future, potentially more extensive, drill campaigns.
Permitting, including authorization from the SEA (Environmental Assessment Service) and local communities, is now ongoing on the Dorado project. Angold will be actively working to advance the five additional targets to a drill-ready stage.
Angold is a gold exploration and development company targeting large-scale mineral systems in Maricunga, Nevada and Ontario. Angold owns a 100 per cent interest in the Dorado, Cordillera and South Bay-Uchi projects.
Angold Resources Ltd. (AAU) is up 3.23 per cent on the day, trading at C$0.16 per share at 2:15 pm EST.
