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Ausquest Limited (ASX:AQD)

ALERT: Price-sensitive ASX Announcement for AQD
Current share price for AQD : $0.048 -0.012 (-20%)+
Announcement
Release
11 Feb 2026 9:00AM
Price at Release
$0.060
Full Release
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Summary
AusQuest Limited has reported significant results from the Stage 3 Reverse Circulation (RC) drilling program at its Cangallo Porphyry Copper-Gold Project in Peru. The drilling has extended the porphyry copper-gold system at Cangallo to over 1,500 meters in length, with copper mineralisation remaining open to the north, south, and east. Assay results from the first 10 drill holes show notable copper grades, including 172 meters at 0.33% Cu and 110 meters at 0.27% Cu from various depths. The company plans further RC drilling and deep diamond drilling to explore and potentially extend the copper sulphide mineralisation. The project is strategically located near the coast and infrastructure, enhancing its potential economic viability.
Key Points
  • Significant extension of the Cangallo porphyry copper-gold system to over 1,500 meters.
  • Assay results include 172 meters at 0.33% Cu and 110 meters at 0.27% Cu.
  • Copper mineralisation is open in multiple directions and at depth.
  • Further drilling planned to explore and extend mineralisation.
  • Project located near key infrastructure, improving economic potential.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.