3,000 metre Diamond Drilling Program Underway at Big Ranch Copper Prospect


Highlights:

  • Initial drill program will take three months – scout drilling to define best area of focus
  • Four target areas selected based on geological, geochemical and geophysical data
  • Drilling designed to evaluate positive results from soil samples, trenching and ground geophysics
  • Três Estradas permitting process in final stages with government site visits and public hearings

TORONTO, Canada, October 10, 2018 – Aguia Resources Limited (ASX: AGR, TSXV:AGRL) (“Aguia” or the “Company”) is pleased to confirm that a 3,000 metre diamond drilling program at the Big Ranch copper prospect in Southern Brazil is now underway.

As previously announced, the Company has discovered a new zone of copper mineralisation on 23 tenements across 34,000 hectares on ground staked within the Rio Grande Copper Belt, in the State of Rio Grande do Sul, Brazil