Antilles Gold presents promising findings in Cuba

Antilles Gold Limited (ASX: $AAU) has released a technical evaluation of the El Pilar Porphyry System in Cuba. The evaluation, prepared by the Company's Exploration Director, Dr Christian Grainger, and Colombian consulting geologist Ricardo Sierra, suggests a strong possibility of discovering a significant porphyry copper deposit at El Pilar. The company is planning to resume drilling on the porphyry system after the relevant concession is transferred to a joint venture with the potential for majority foreign ownership.

Executive Commentary

The results of investigations to date indicate the strong possibility of discovering a significant porphyry copper deposit at El Pilar. The high-grade nature of the copper-rich breccia system has shown potentially economic widths/grades and is open vertically, warranting further drilling to define the vertical extensions. Additionally, widespread porphyry style veining and the presence of copper mineralization indicate the potential for additional porphyry copper and diatreme breccias within the larger footprint of the Gaspar alteration halo.

Summary of Technical Evaluation

The technical evaluation of the El Pilar Porphyry System in Cuba indicates promising findings, suggesting a strong possibility of discovering a significant porphyry copper deposit. The company plans to resume drilling on the porphyry system after the relevant concession is transferred to a joint venture with the potential for majority foreign ownership. The evaluation highlights the presence of high-grade copper-rich breccia system, widespread porphyry style veining, and the potential for additional porphyry copper and diatreme breccias within the larger footprint of the Gaspar alteration halo. The company's exploration activities have indicated the presence of dioritic porphyries, hydrothermal breccias, and veins commonly noted in porphyry systems with copper and gold mineralization, further supporting the potential for a significant discovery.