AusQuest (ASX:AQD) said reverse circulation drilling restarted at the Cangallo porphyry copper-gold discovery in Peru, with over 6,000 meters planned to expand the copper-gold mineralization, according to a Wednesday Australian bourse filing.
The results from the reverse circulation drilling program will be used to prioritize deep diamond drilling within the drilled areas, testing for higher-grade hypogene copper sulfide mineralization.
The company's shares rose nearly 11% in recent trading on Wednesday.