"..we are confident that drilling operations to test key initial copper-gold targets in Peru will commence during the first quarter of 2014"
From the cap raise it looks like it's fully funded too:
"Recent successful $1.8M raising with SPP currently underway to underpin upcoming exploration programs"
Scope of drilling:
"Porphyry and IOCG Copper-Gold (Peru, South America) ? Large drill targets confirmed at seven prospects within recently secured copper-gold portfolio in Peru. ? Large-scale magnetic/gravity targets reflecting possible IOCG mineralisation confirmed at 3 prospects (100%). ? Large-scale porphyry copper (3) and/or IOCG (1) targets confirmed in the JV area along trend from the Tia Maria copper deposit (640Mt @ 0.39% Cu). ? Drilling proposals for joint venture projects submitted to global miner Cliffs; drill permitting underway. ? Targeting copper-gold deposits in the 500Mt-1Bt size range grading in excess of 0.5% Cu eq."
GLTA!!
AQD Price at posting:
1.4¢ Sentiment: ST Buy Disclosure: Held