Aquila Resources has announced the remaining results of the phase I program conducted at the Bend copper-gold deposit. The Bend project was purchased as part of an exploration agreement between HudBay Minerals and Aquila. Currently, Aquila Resources maintains a 100% interest in the project, as HudBay has recently terminated the alliance.
The company reported preliminary results of the phase I drilling program during early June. Initial drilling results specifically validated the occurrence of high-grade gold and copper mineralization and extensive zones of low-grade gold- copper mineralization, which may be agreeable to low-cost bulk mining methods.
The phase I program aimed to carry out in-fill drilling at the deposit’s near-surface areas and examine down dip expansions of both zones. Holes B12-06 and B12-09 were specifically positioned to drill in the intervals of formerly unproven regions.
Hole B12-08 analyzed the down dip expansion of mineralized copper present in the upper zone, whereas holes B12-07A, B12-11 and B12-10 focused on the expansions of the lower gold zone in order to extend mineralization at depth.
Mineralization was returned from holes B12-10 and B12-07A at a depth of 610 and 690 m, respectively, beneath surface that shows step outs of 200 and 250 m down dip of previous drill holes. High-grade gold was intersected in hole B12-06, which was specifically drilled on the holes’ western fence and the high-grade gold mineralization prospective is exposed in this direction.
Aquila is planning to execute a phase II campaign, which will include additional drill program along strike in order to examine the deposit’s outermost edges and lower gold zone’s down dip expansions.
Source: http://www.aquilaresources.com/
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