Aguia Resources: Gold Founds in Colombia - Departure in the UnteraGing mining!

Aguia Resources: Gold Founds in Colombia - Departure in the UnteraGing mining!

The news from Colombia rolls over, the mining industry is on the upper. Aguia Resources accelerates in her Santa Barbara gold project, and the first progress makes you look forward. As Wallstreet online , the first two holes in Santa Barbara delivered promising results. The holes are crucial to confirm the geological model and to support the transition to a potential underground gold mine. The first borehole with the number SB-25-01 goes 160 meters deep, while SB-25-02 has reached 138.6 meters so far.

Particularly interesting: In SB-25-01 you found a 0.7 meter thick quartz vein at a depth of 107 meters, which indicates gold. This streak could be accompanied by Pyrit, SPhalerit and Galenit, which could also indicate valuable ore deposits. Both drill holes crossed a centimeter -precise zone with strongly changed rocks and small quartz veins - a typical pattern for epithermal deposits. Geologists assume that the gold -containing rocks were created deeply and were later changed by hot liquids.

progress and plans

The management of Aguia, under the direction of Executive Chairman Warwick Grigor, is optimistic. It is believed in the economic profitability of the project and estimates that 2 to 4 million tons of gold with a content of 20 to 30 grams per ton are possible - even if this is still speculative. In the coming weeks, a second drilling device will be brought to the site to accelerate the drilling campaign and to end the planned 25 holes - usually less than 100 meters deep - faster. These should examine the veins #1 and #2 and their offset structures.

In addition, the signs are on gold production. According to mining Australia , Aguia is preparing for the first carbon deduction, and gold production should start by the end of the month. Three additional stirring containers are installed to ensure the processing of at least 30 tons per day. This could soon be raised to 50 tons a day if the planned four additional containers go into operation.

a breeding ground for the mining industry

Colombia, traditionally resource, is now experiencing a real mining boom. Under the government of Gustavo Petro, the climate has changed for investments. The government has prompted copper deficiency to hear the mining industry more. Several companies such as Quimbaya Gold are ready and report progress in their projects. Quimbaya Gold, for example, has high hopes in the Tahami project in Antoquia and benefits from a region that makes up for 50 % of Colombian gold mining.

With all these developments, the mining industry in the country remains an exciting topic for investors and interested parties. Aguia Resources seems to be well positioned to benefit from this upswing, and the coming months are likely to produce some remarkable results. The Santa Barbara Goldproject will certainly be a hotspot for more precise observations.