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ASX:AQD

7 stories mentioning ASX:AQD

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Asia

AusQuest Starts Reverse Circulation Drilling at South Australia Project; Shares Up 4%

AusQuest (ASX:AQD) started a reverse circulation (RC) drilling program at its Coober Pedy iron-oxide copper-gold (IOCG) project in South Australia's northern Olympic Dam Province, advancing exploration under its strategic alliance agreement with South32 (ASX:S32), according to a Thursday Australian bourse filing.The program will test magnetic, gravity, and induced polarization-defined targets, along with anomalies identified in historical Vale drilling that recorded strong potassic alteration beneath shallow cover, per the filing.The company plans to drill 10 to 15 vertical RC holes to depths of around 350 meters to test semi-coincident geophysical anomalies interpreted as potential IOCG-related sulfide systems at depths of about 250 to 500 meters, the filing said.The project has shallow cover of 50 to 150 meters relative to typical IOCG settings, with drilling taking about four weeks and assay results expected roughly four weeks after completion, the filing added.AusQuest's shares rose past 4% in recent Thursday trade, while South32's shares shed about 3%.

ASX:AQDASX:S32
Asia

AusQuest Completes Maiden Reverse Circulation Drilling Program at Peru Copper-Gold Project; Shares Up 13%

AusQuest (ASX:AQD) said it completed a maiden reverse circulation drilling program, consisting of 12 drill holes for 3,733 meters, at its Playa Kali copper-gold project in Peru, according to a Friday Australian bourse filing.The drill rig was moved to the Lantana porphyry copper prospect to test a large-scale high-grade target, the filing said.The company's shares rose past 13% in recent trading on Friday.

ASX:AQD
Asia

AusQuest's Ongoing Drilling at Peru Project Expected to Underpin Significant New Copper Discovery, Euroz Hartleys Says

AusQuest's (ASX:AQD) ongoing drilling at the Cangallo porphyry copper-gold project in Peru is expected to further extend mineralization and underpin a significant new copper discovery with material resource upside, according to a Friday note by Euroz Hartleys.Stage three reverse circulation drilling at the project highlighted extensive copper-gold mineralization from near surface. It encountered intercepts of 176 meters at 0.4% grade of copper and 0.1 grams per tonne grade of gold from 40 meters, as well as 236 meters at 0.3% copper and 0.1 g/t grade of gold from two meters.Drilling is increasingly vectoring toward a higher-grade hypogene core, particularly in the southern parts where stronger copper grades have been reported with chalcopyrite mineralization observed. Success in identifying a coherent higher-grade zone would represent a key inflection point, potentially confirming Cangallo as a large-scale, multi-phase development opportunity.The nearby Playa Kali and Lantana projects add attractive exploration optionality, with confirmed surface copper mineralization and well‐defined targets.The investment firm retained its speculative buy recommendation and AU$0.12 price target on AusQuest.AusQuest's shares were up nearly 3% in recent Friday trade.

ASX:AQD
Asia

AusQuest to Begin New Phase of Diamond Drilling at Peru Porphyry Copper-Gold Project

AusQuest (ASX:AQD) is set to begin a new phase of diamond drilling of over 5,000 meters at the Cangallo porphyry copper-gold project in Peru to test for higher-grade mineralization, according to a Friday Australian bourse filing.It also said stage three reverse circulation drilling at the project highlighted extensive copper-gold mineralization from near surface. It encountered intercepts of 176 meters at 0.38% grade of copper and 0.07 grams per tonne grade of gold from 40 meters, as well as 236 meters at 0.3% copper and 0.08 g/t grade of gold from two meters.

ASX:AQD
Asia

AusQuest Says Reverse Circulation Drilling at Peru Porphyry Copper-Gold Project Defines Continuous Mineralized Corridor

AusQuest (ASX:AQD) said reverse circulation drilling continues to define a continuous mineralized corridor extending more than 1,500 meters in length at the Cangallo porphyry copper-gold project in Peru, according to a Wednesday Australian bourse filing.Drilling encountered intercepts of 269 meters at 0.3% grade of copper and 0.1 grams per tonne (g/t) grade of gold from 160 meters, as well as 214 meters at 0.3% grade of copper and 0.1 g/t grade of gold from 124 meters.The company said that permitting of the stage four drill pads was prioritized to enable further drilling in the highly prospective southern portion of the prospect.

ASX:AQD
Asia

AusQuest's Peru Copper-Gold Projects Add 'Attractive' Exploration Optionality, Says Euroz Hartleys

AusQuest's (ASX:AQD) Playa Kali and Lantana copper-gold projects in Peru, for which the company recently secured drill permits, add "attractive" exploration optionality, said Euroz Hartleys in a Wednesday note.The company on Wednesday said it received drill permits for the Playa Kali and Lantana copper-gold projects in Peru, with drilling planned to start during the June quarter.The research firm believes that Cangallo continues to build scale and economic potential, with ongoing RC and planned diamond drilling expected to further extend mineralization and underpin a "significant" new copper discovery with "material" resource upside.Euroz Hartleys maintained its speculative buy rating with a price target of AU$0.12.The company's shares fell 2% in recent Thursday trade.

ASX:AQD
Asia

AusQuest Receives Drill Permits For Peru Copper-Gold Projects, Shares Jump 7%

AusQuest (ASX:AQD) received drill permits for the Playa Kali and Lantana copper-gold projects in Peru, with drilling planned to start during the June quarter, according to a Wednesday Australian bourse filing.The firm is planning maiden reverse circulation drilling programs of over 4,000 meters across both projects.Its shares rose 7% in recent trading on Wednesday.

ASX:AQD