HIGH GRADE GOLD AND IRON ORE RESULTS INCREASE POTENTIAL OF THE ANDORINHAS PROJECT IN BRAZIL
Gold
Agincourt Resources is pleased to advise that further reconnaissance rock chip sampling program being undertaken at the Company’s Andorinhas Project has identified an additional two new gold anomalies.
The results have returned gold grades of 15.7gpt and 4.5gpt. They are located 0.2km and 1.3km west of the Lagoa Seca gold deposit which was discovered by DVRD in the 1970s and contains a resource of 290,000t @ 5.1gpt for 47,700oz.
Iron Ore
Very encouraging results have been returned from the first pass reconnaissance rock chip sampling program of the Banded Iron Formation (BIF) at the Andorinhas Project.
The sampling has identified very high grade and high quality iron ore with a total of 11 rock chip samples averaging 68.4% Fe203
AGC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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