AQD - Ausquest Limited

[surfingman]

Can anyone give me some knowledge of approximate time from starting of a drilling to getting some results coming in? Will be different for each material, I have the Nov oppies and I am wanting to know if results from Table Hill will start to filter in by then?

The full 7000 meters is expected to take several months, per the news release.

Share price is looking a little stronger today need a good news push through the 0.20 level...

 

[Dona Ferentes]

been a while ... now in Peru

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SIGNIFICANT PORPHYRY COPPER-GOLD DISCOVERY AT CANGALLO​

Highlights:
• Maiden drill program at AusQuest’s 100%-owned Cangallo Porphyry Copper Project has made a significant new large-scale porphyry copper-gold discovery.
• Multiple wide intercepts of significant copper and gold mineralisation confirmed in first two Reverse Circulation (RC) drill-holes:
o 348 metres @ 0.26% Cu, 0.06 ppm Au from 6m (CANRC001), including:
▪ 16 metres @ 0.43% Cu and 0.07ppm Au
▪ 26 metres @ 0.36% Cu and 0.07ppm Au
▪ 12 metres @ 0.53% Cu and 0.27ppm Au
▪ 34 metres @ 0.39% Cu and 0.08 ppm Au
o 188 metres @ 0.28%Cu, 0.07ppm Au from 214m (CANRC002), including:
▪ 10 metres @ 0.48% Cu and 0.07ppm Au
▪ 12 metres @ 0.50% Cu and 0.07ppm Au
▪ 12 metres @ 0.43% Cu and 0.09ppm Au
▪ 38 metres @ 0.46% Cu and 0.09ppm Au
• Mineralisation occurs from near surface and remains open in all directions, demonstrating the potential for defining a shallow copper oxide resource.
• Assay results for the six outstanding drill-holes are expected by early February with broad zones of continuous visible copper mineralisation evident.
• Located close to significant infrastructure, 25km east of the town of Chala and within 10km of the coast, the Cangallo discovery has the potential to be a low capital copper development project.
• The maiden drill program only tested a very small fraction of the prospective target area.

 

[Dona Ferentes]

up 325 percent last week

$0.008 to $0.034 ... market cap now $38M