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

AngloGold Ashanti (NYSE:AU) is one of the best performing large cap stocks to buy. On September 29, Latin Metals announced that AngloGold Argentina Exploraciones S.A., which is a wholly owned subsidiary of AngloGold Ashanti, plans to commence drilling at the Organullo Gold Project in Salta Province, Argentina.

AngloGold Ashanti holds an Option to earn up to an 80% interest in Latin Metals’ Organullo, Ana Maria, and Trigal Gold projects. The initial Phase I program will consist of 10 drill holes and ~6,000m of drilling. Latin Metals expects the first drill results to be available in Q1 2026. AngloGold Ashanti’s drilling is targeting a multi-million-ounce, Tier 1 discovery, using the Salares Norte gold deposit (which has a proven and probable reserve of 3.4Moz grading 5.36 g/t gold as of 2024) as a technical analogy.

The program will focus on testing three previously unexplored, advanced argillic alteration zones identified along a 6km-long strike length. District-scale geophysical anomalies, structural interpretation, surface geochemical data, and hyperspectral data all support the potential for gold mineralization discovery. Latin Metals also reported that it has secured the rights to the Malena VII mining property in Salta Province, following an application submitted to the mining authorities.

AngloGold Ashanti (NYSE:AU) is a gold mining company in Africa, Australia, and the Americas. It primarily explores for gold, as well as by-products, including silver and sulphuric acid.

While we acknowledge the potential of AU as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.