AGUIA ACQUIRES ANDRADE COPPER PROJECT & DRILLS 1.83% Cu OVER 28.8m INCLUDING 2.55% Cu OVER 19.4m and 5.4% Cu over 2.25m

HIGHLIGHTS:

  • Option agreement signed to acquire the Primavera Project claims, including the Andrade copper occurrence from Referencial Geologia, forming the cornerstone to Aguia’s Rio Grande copper strategy
  • Drilling undertaken by Aguia as part of due diligence has uncovered high grade and thick copper intersections
  • Hole AND-19-003 returned a thick interval of 28.77 metres grading 1.83% copper from 63.63 metres which includes a higher-grade zone of 19.39 metres grading 2.55% copper from 63.63 metres
  • High-grade zones within AND-19-003 include:
    • 4.35 metres grading 3.57% copper from 65.80 metres
    • 2.25 metres grading 5.40% copper from 76.50 metres
  • Hole AND-19-001 returned 24.34 metres grading 0.91% copper from 86.00 metres which includes a higher-grade zone of 12.55 metres grading 1.35% copper from 88.90 metres depth
  • Acquisition increases Aguia’s holdings in the Rio Grande Copper Belt by 9,282 hectares for total area of 43,282 hectares
  • Exhaustive legal and technical due diligence undertaken over last two months including 382 metres of drilling within the Andrade-Primavera trend
  • Multiple opportunities to expand the high-grade zone along the 3.8 km core strike and down-plunge of identified mineralisation