Antilles Gold Limited

ASX CODE AAU

Focused on growth through near-term gold projects in mineral rich Cuba

and realising assets held by the Company in the Dominican Republic

– Greater Antilles Islands of the Caribbean –

Antilles Gold is uniquely positioned to access a significant number of gold and copper/gold development opportunities in mineral rich Cuba.

Cuba hosts numerous gold and copper deposits that have been extensively explored by Canadian, Russian, and Cuban mining companies, but where development opportunities have been substantially overlooked by the international mining sector for over twenty years.

Over the past five years, Antilles Gold has developed excellent relations with the Government’s mining company, GeoMinera SA, which has culminated in the establishment of a 49:51 joint venture company, Minera La Victoria SA (“MLV”), and is currently the only foreign company with a registered joint venture for the development of a gold mine in Cuba.

MLV now has access to a significant pipeline of gold and copper/gold development opportunities, including;

  • The near term development of the La Demajagua open pit gold/silver mine on the Isle of Youth in south west Cuba, to produce high grade refractory concentrate.
  • The development of two previously explored sulphide gold deposits, Florencia and Maclama, in south east Cuba, to produce high grade concentrate.
  • The development of a very large, shallow VMS deposit at Golden Hills near Florencia with the potential to produce significant volumes of copper/gold concentrate.
  • The development of an underground operation to follow open pit mining at La Demajagua.

Other development opportunities may emerge from the exploration of some of the approximately 20 individual copper/gold deposits that have been presented to Antilles Gold by GeoMinera for the Company to review prior to recommending which properties should be retained for additional exploration, and possible future development by MLV.

The aim is for MLV to achieve organic growth in profitability and value by utilising the substantial earnings expected to be generated by the La Demajagua open pit mine, to fund subsequent projects.

In addition, Antilles Gold will evaluate the viability of constructing a processing facility at a suitable location in Latin America to treat concentrate from MLV’s mines and other regional mines, to produce higher value doré.

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ANTILLES GOLD LIMITED
ASX CODE AAU
OTCQB:ANTMF
55 Kirkham Road
Bowral NSW 2576
Australia
+ 61 2 4861 1740
ANTILLES GOLD LIMITED
ASX CODE AAU
55 Kirkham Road
Bowral NSW 2576
Australia
+ 61 2 4861 1740