Aguia Resources Reveals Exceptional High-Grade Gold Potential

Historic Colombian Silver District Yields Exceptional Drill Results

Aguia Resources Limited (AGR:ASX) has updated its independent NI 43-101 report on the 100%-owned Atocha Project in Colombia, highlighting the exceptional high-grade gold and silver potential of this 2,584-hectare property. Located approximately 190km west of Bogotá in Colombia's richest colonial primary silver district, the project sits in a strategic position along the Santa Ana-Atocha-Frías-El Gran Porvenir Au-Ag mineralised corridor.

Previous drilling by Baroyeca Gold & Silver Inc. between 2021-2023 delivered remarkable intercepts, including:

• Hole AT-21-01: 1.1m including 0.5m @ 13.11g/t Au and 153.8 g/t Ag followed by 0.6m at 4.51 g/t Au and 364 g/t Ag
• Hole AT-21-02: 20.14 g/t Au and 723 g/t Ag over 0.80m

The Phase 1 program at La Ye target produced 25 drill intercepts returning over 200 g/t AgEq (or 7.6 g/t AuEq) over an average intercept width of 0.50m, confirming the presence of multiple high-grade vein systems. Similarly impressive results have been reported by Mithril Silver and Gold at La Soledad, demonstrating the region's exceptional mineral potential.

"The Atocha project sits in the richest colonial primary silver district in Colombia and accounts for one of the highest grades in the world. With very impressive grades from both those obtained by previous operators and the surrounding tenements, it is clear that Aguia Resources holds a key position in the area with impressive potential that is yet today under-explored," stated Executive Chairman Warwick Grigor.

Surface Sampling Confirms Bonanza Grades

Surface sampling has revealed multiple high-grade zones across the property. At Veta Grande East, chip samples returned extraordinary values including:

Equally impressive results came from Veta NW, with bonanza grades including 19.9 g/t Au and 311 g/t Ag and 9.0 g/t Au and 1,030 g/t Ag in chip samples.

Understanding Vein-Type Gold Systems

What are Orogenic Gold Systems?

The Atocha Project's principal exploration target is identified as a vein-type orogenic gold system, specifically described as a "Distal Ag-Pb-Zn, epizonal Reduced Intrusion-Related Gold System (IRGS), modified by a low-sulphidation epithermal system."

Orogenic gold deposits form during mountain-building events when metal-rich fluids travel along deep crustal faults and deposit gold in quartz veins. These systems are characterised by:

1. Formation process: Created when gold-bearing fluids move along fault systems during tectonic events
2. Structure: Typically present as networks of quartz veins containing gold and other minerals
3. Continuity: Often extend to significant depths, sometimes several kilometres underground
4. Mineral assemblage: Usually contain gold with varying amounts of silver, lead, zinc, and copper

The Aguia Resources high-grade gold potential at Atocha is further enhanced by an epithermal overprint—a later mineralising event that introduced additional precious metals, particularly the exceptionally high silver values seen in surface samples.

Why These Deposits Are Important to Investors

Vein-type orogenic gold systems are particularly attractive for mining investment because:

1. The high-grade nature allows for potential economic extraction even at relatively small scales
2. Multiple parallel vein systems offer several mining opportunities within the same property
3. The deposits often have significant vertical extent, providing long-term mining potential
4. The high silver content at Atocha adds substantial value beyond the gold component

Hammer Metals' recent gold-copper discoveries in Queensland show similar investor appeal due to their high-grade nature and multi-commodity potential.

Next Steps and Timeline

With the updated NI 43-101 report now complete, Aguia Resources is moving quickly to advance the Atocha Project. The company plans to commence surface reconnaissance and prospecting work in early July 2025, focusing on the northeastern corner of the property. Key objectives include:

• Following up on known mineralised corridors
• Generating new drill targets in unexplored portions of the property
• Expanding on the success of previous drilling at La Ye target

This initial phase will help define the next round of drilling to further delineate the extent of the high-grade vein systems. With more than two-thirds of the property still unexplored using modern techniques, the potential for additional discoveries remains high. This approach mirrors Dart Mining's successful confirmation of mineralisation at their Triumph Gold Project.

Investment Thesis: Positioned for Growth in Colombia's Historic Silver District

Aguia Resources presents a compelling investment case based on several key factors:

1. Strategic Position: The Atocha project sits in Colombia's richest colonial primary silver district with some of the highest grades in the world.

2. Proven High Grades: Both drilling and surface sampling have confirmed exceptional gold and silver values, with multiple samples exceeding 1,000 g/t silver.

3. Exploration Upside: Only about one-third of the property has been explored with modern techniques, suggesting significant discovery potential remains.

4. Expanded Portfolio: The Atocha project is part of Aguia Resources' recently expanded Colombian portfolio following the December 2023 takeover of Andean Mining Limited, which includes:

   • Santa Barbara Gold Mine (with a 30 TPD pilot plant)
   • El Dovio (high-grade copper/gold VMS project)

5. Experienced Leadership: The exploration program is being led by a team with significant experience in Colombian mining, including Raul Sanabria, a Qualified Person with expertise in these deposit types.

Colombian Mining Renaissance

Colombia is experiencing a resurgence in mining investment, particularly in precious metals exploration. The country's rich mining history dates back to pre-colonial times, but modern exploration techniques are only now being systematically applied to many historic mining districts.

The Aguia Resources high-grade gold potential at Atocha represents a prime example of this renaissance. The project area historically produced significant silver during the Spanish colonial period, but has received limited modern exploration until recently.

Several factors make Colombia increasingly attractive for mining investment:

1. Stable Mining Code: Recent governments have worked to provide regulatory stability
2. Infrastructure Development: Improved road networks and power distribution
3. Technical Expertise: Growing pool of experienced mining professionals
4. International Investment: Increasing foreign direct investment in the mining sector

This mining renaissance extends beyond Colombia, with companies like Marvel Gold acquiring projects in other emerging gold regions, demonstrating the global hunt for high-potential assets.

The Significance of High-Grade Gold-Silver Veins

The exceptionally high grades demonstrated at Atocha are particularly significant in today's mining environment. While many large-scale operations focus on bulk tonnage, low-grade deposits, high-grade vein systems offer several advantages:

1. Lower Capital Requirements: Smaller, high-grade operations typically require less initial capital
2. Reduced Environmental Footprint: Higher grades mean less ore needs to be processed
3. Operational Flexibility: Operations can often be scaled according to market conditions
4. Processing Simplicity: High-grade ores frequently allow for simpler metallurgical processes

The Aguia Resources high-grade gold potential at Atocha fits well within this model, potentially allowing for a scalable approach to development.

Why Investors Should Follow Aguia Resources

Aguia Resources represents a unique opportunity to gain exposure to both near-term production potential and significant exploration upside in Colombia's richest gold-silver districts. The company's strategic acquisitions have positioned it with a diversified portfolio of high-grade precious and base metal projects at various stages of development.

The Atocha project specifically offers exceptional grade potential, with surface and drill samples consistently returning bonanza-grade precious metal values. With only a portion of the property explored to date and multiple vein systems already identified, the project has substantial room for resource growth.

As the company prepares to commence its next phase of exploration in July 2025, investors can anticipate a steady flow of news and potential catalysts as new targets are generated and tested. For those seeking exposure to high-grade precious metals exploration in an established mining jurisdiction, Aguia Resources presents a compelling opportunity at the forefront of Colombia's mining renaissance. Similarly, Austin Metals has identified new gold targets that demonstrate the ongoing importance of target generation in the exploration cycle.

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