- Angold Resources (AAU) has received assays from surface samples on its Cordillera Project in northern Chile
- The assay results confirm the potential for a large high sulfidation epithermal system under shallow cover at Cordillera
- Cordillera is now drill-ready with a number of highly prospective targets identified
- Gold mineralization at Cordillera has been confirmed with grades of 11.95 g/t Au, 7.6 g/t Au, 5.0 g/t Au, 3.7 g/t Au
- Angold is an exploration and development company
- Angold Resources Ltd. (AAU) is currently trading at C$0.26 per share
Angold Resources (AAU) has received assays of high-grade gold samples from surface samples on its Cordillera Project in northern Chile.
Since the 1980s, a steady stream of discoveries in the Maricunga Gold Belt has grown this region into one of the world’s most prominent gold producers.
Angold’s CEO, Mr. Adrian Rothwell commented on the assay results.
“These results confirm the potential for a large high sulfidation epithermal system under shallow cover at Cordillera, with a foundation of excellent proximity to infrastructure and current operations. With completion of the recent systematic surface geology, Cordillera is now drill-ready for the upcoming field season with a number of highly prospective targets identified. Angold is quickly building momentum toward the discovery and advancement of multi-million ounce gold resources in Chile.”
Highlights:
- High grade: Gold mineralization at Cordillera has been confirmed with grades of 11.95 g/t Au, 7.6 g/t Au, 5.0 g/t Au, 3.7 g/t Au, and others, distributed on at least five gold-anomalous zones.
- Third drill-ready project: Cordillera is now the third drill-ready project in Angold’s high-quality portfolio, along with Dorado (Chile) and Iron Butte (Nevada, USA). The Company is preparing for a drilling program at Cordillera in the upcoming 2021/22 drill season with these targets defined.
- New zones: Two new main zones recognized on the company’s exploitation concessions, separated by an NW-SE structural corridor, allowing different erosion/exposition levels.
- Multiple mineralization targets: Results confirm the presence of five highly prospective drilling targets. Gold-rich epithermal quartz vein structures with hydrothermal breccias surround a mineralized Au-Cu diorite porphyry intrusion.
- Coincident anomalies: Geochemical results in elements such as Ag, As, Bi, Se, Te would indicate the existence of a near-surface high-sulfidation system.
The Cordillera project covers at least five high-sulfidation epithermal gold target zones related to strong west-northwest-striking faults within a 10-square-kilometre area of limited outcrop (Figure 1). This area includes at least nine high-grade gold assays from bedrock samples, strongly anomalous geochemical results in gold and pathfinder elements, outcropping porphyry, hydrothermal and phreatic breccia intrusions, and sheeted or stockwork quartz-iron oxide or copper oxide veinlets.
Angold’s 2021 exploration included geologic mapping, bedrock sampling, spectral analysis, talus-fines geochemical sampling, and magnetic and IP/resistivity surveys. Phase I survey results over a small part of the property show strong geophysical contrasts and indicate that results from completed surveys should assist in targeting drill holes.
Following the completion of geophysical surveys, the Cordillera Project will be ready for drilling.
Angold is an exploration and development company targeting large-scale mineral systems in the proven districts of Maricunga, Nevada and Ontario. Angold owns a 100 per cent interest in the Dorado, Cordillera and South Bay-Uchi projects, and certain claims that append the optioned Iron Butte project.
Angold Resources Ltd. (AAU) is currently trading at C$0.26 per share.