Phosphoric Acid, Phosphates & Fertilizers Experts

AGUIA RESOURCES: Auger Drilling at Mato Grande Carbonatite Returns Highly Encouraging Assay Results

Brazilian fertiliser developer Aguia Resources Limited provides an update on regional exploration
activities at the Mato Grande carbonatite target, located 80 km northeast from its flagship Três
Estradas project site in Rio Grande do Sul, BrazilHighlights:

  • Auger results define area of mineralised intrusion for future reverse circulation drilling program
  • 35 auger holes completed with 28 encountering phosphate mineralisation
  • Initial results indicate oxidized zone is mineralised from surface
  • Individual auger samples grading up to 11.71% P2O5
  • MGT-029 a significant interval with 9 metres from surface grading 7.37% P2O5 and ending in mineralisation