The Antena/Xupe targets are located 8km from Cascavel Gold Mine (Cascavel), and represent shallow extensions to old open pits.
Shallow intercepts from these areas include:
- 44m grading 1.48g/t Au from 11m below surface, including 23m grading 2.4g/t Au from 16m; and
- 6m grading 4.48g/t Au from 33m depth located 440m down-plunge from the old Xupe pits in an eroded anticline.
A geophysics program is planned as part of Orinoco’s regional exploration joint venture with leading global gold miner AngloGold Ashanti (AngloGold).
Antena/Xupe offers the opportunity to add near-term Mineral Resources and become Orinoco’s third production centre after Cascavel and Sertão.