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AusQuest Confirms Large-Scale Copper-Gold System at Cangallo, Raises $7.5M to Accelerate Drilling

6:18am on Monday 2nd of June, 2025 AEST Mining
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AusQuest Confirms Large-Scale Copper-Gold System at Cangallo, Raises $7.5M to Accelerate Drilling

6:18am on Monday 2nd of June, 2025 AEST
Key Points
  • Maiden drilling at Cangallo confirms extensive porphyry copper-gold mineralisation
  • Significant copper intercepts near surface and at depth, including 348m @ 0.26% Cu
  • Stage 2 drilling program (~5,000m RC) to commence late May 2025 with deep diamond drilling planned
  • Major RC drilling underway at Balladonia and Morrisey projects under South32 Strategic Alliance
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