AusQuest (ASX:AQD) said that drilling has "significantly" expanded the size of its porphyry copper-gold system at its Cangallo porphyry copper-gold project in Peru, according to a Tuesday filing with the Australian bourse.
Drilling also showed that copper oxides and sulfides are present in all drill holes to varying degrees, and extended the strike length of the mineralization, the filing said.
The company said it expects initial assay results this month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.