Antilles Gold (AU:AAU) has released an update.
Antilles Gold, in a joint venture with Cuba’s GeoMinera, is advancing the development of gold, silver, antimony, and copper mines, as well as exploring large porphyry copper properties in Cuba. The Nueva Sabana gold-copper mine is set for development with funding from expected cash flow and boasts promising drilling results, indicating high-grade concentrates and efficient recovery rates. The partnership, which reduces country credit risk and enjoys tax incentives, has seen Antilles Gold invest heavily towards a 50% stake in the venture.
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