AngloGold Ashanti to Begin Drilling at Latin Metals’ Organullo Gold Project in Argentina

Core Insights - AngloGold Ashanti is recognized as one of the best performing large-cap stocks to consider for investment [1] - The company plans to initiate drilling at the Organullo Gold Project in Salta Province, Argentina, through its subsidiary AngloGold Argentina Exploraciones S.A. [1][3] Company Overview - AngloGold Ashanti operates as a gold mining company with a presence in Africa, Australia, and the Americas, focusing primarily on gold exploration along with by-products like silver and sulphuric acid [4] Project Details - AngloGold Ashanti holds an option to earn up to an 80% interest in Latin Metals' Organullo, Ana Maria, and Trigal Gold projects [2] - The initial Phase I drilling program will include 10 drill holes and approximately 6,000 meters of drilling, with first results expected in Q1 2026 [2] - The drilling aims to target a multi-million-ounce, Tier 1 discovery, using the Salares Norte gold deposit as a technical reference [2] Exploration Focus - The drilling program will concentrate on three previously unexplored advanced argillic alteration zones along a 6 km-long strike length [3] - Supporting data for potential gold mineralization includes district-scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data [3] - Latin Metals has also secured rights to the Malena VII mining property in Salta Province [3]