Aguila American Resources Ltd.

Published : February 18th, 2011

Completes Work Program on Peru Gold Project

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Barite |

 

Aguila American Completes Work Program on Peru Gold Project

 

 

 

 

 

 

 

 

 Aguila American Resources Ltd. ("Aguila") or (the "Company") - TSX-V: AGL - Mr. John Huguet is pleased to announce The company has completed a reconnaissance geological mapping and rock geochemical sampling along a mineralized and brecciated zone of limestone near the small-scale mining operations under the supervision of Mr. James A. McCrea, P. Geo. Nineteen samples were collected from iron-manganese ,oxidized ,brecciated and/or silicified host rocks along the mineralized structure that is exposed by road cuts and various underground workings. Thirteen samples were collected along a 150-metre section spanning the east-northeasterly trending Zones 1 and 2. The analytical results from these thirteen samples have been tabulated as follows:

 

Sample

Area Length

Gold

No.

Type

(m2)

(m)

(gpt)

20503

Panel Chip

2.00

 

2.457

20506

Chip

 

1.75

7.450

20507

Panel Chip

2.00

 

16.000

20508

Chip

 

2.25

0.417

20509

Chip

 

1.50

1.249

20510

Chip

 

1.50

4.977

20511

Chip

 

0.70

0.957

20513

Chip

 

1.40

5.020

20515

Panel Chip

2.50

 

4.363

20516

Panel Chip

2.00

 

8.750

20517

Panel Chip

2.35

2.35

4.549

20518

Chip

 

2.20

2.923

20519

Grab

1.50

 

5.500

 

The Angostura Property is comprised of eight concessions which cover the main portion of the Angostura Gold Prospect. The project is located in southern Peru in the Department of Apurimac, approximately 430 kilometers southeast of Lima and 180 kilometers southwest of the city of Cuzco, and can be reached along paved highways and gravel roads. An electrical power grid line passes through the property. There are significant advanced exploration projects and producing mines in the general vicinity of the Angostura property such as the large Las Bambas copper-gold-molybdenum project and Tintaya copper-gold mine belonging to Xstrata Plc., situated 25 km to the east and 140 km to the southeast respectively, and the Santa Rosa gold mine belonging to Andean American which is situated approximately 20 km to the south.

The geological model for the mineralization on the Property is similar to that of many gold deposits in Nevada, U.S.A. where the gold mineralization is hosted by collapsed, brecciated and replaced limestone as a result of early decarbonatization by acidic hydrothermal fluids focused along faults, followed by the collapse and brecciation of limestone, gold precipitation, and late-stage silicification and barite deposition.

According to a technical report prepared for the Company by Mr. Victor A. Jaramillo, P. Geo., titled .The Angostura Property Technical Report and dated November 30, 2006, five mineralized zones have been identified on the Property. Of them, Zone 1 is approximately 150 meters long and has an average width of 30 meters. Zone 2 is located to the east of Zone 1 and has a defined width of 75 metres with an average grade of 3.64 g/t Au.

Oxide structures have been identified approximately 2,100 meters to the west, and 2,700 meters to the east of Zone 1 resulting in a strike length of close to 5 km. A potential tonnage for the mineralized gold -bearing structure has been estimated to be in the range of 45 to 90 million tonnes with grades ranging between 1.0 to 3.0 g/t Au (the potential quantity and grade is conceptual in nature there has been insufficient evidence to support a mineral resource and it is uncertain if further exploration will result in a discovery or mineral resource). Forty-seven trenches and pits 1 meter deep and 10 meters long have been dug and sampled with grades ranging from 1.29 g/t Au to 8.19 g/t over 3 metres, including 5.45 g/t Au over 17.50 metres (Jaramillo, 2006).

Selected gold sample result highlights from historic sampling (with true widths) included:

West of Angostura Creek

Trench

Width
Metres

Gold
g/t

T-1W

6.0

1.21

T-3W

3.50

3.19

T-6AW

3.30

2.60

T-11W

8.00

2.37

T-12W

8.00

3.48

T-13W

5.00

1.86

East of Angostura Creek

Trench

Width
Metres

Gold
g/t

T-BE

2.40

2.69

T-4E

8.40

2.77

T-13E

5.00

1.63

T-15E

3.00
(zone 2)

5.45

T-16E

17.50
(zone 2)

5.24

T-17E

3.00
(zone 2)

8.19

Mr. James A. McCrea., P. Geo., a qualified person as defined by NI 43-101, reviewed this news release and approves all scientific and technical disclosure.

On behalf of the Board of Directors,

"John Huguet"

John Huguet
President & CEO
Aguila American Resources Ltd

For further information:
Damien Lowry,
Contact Vancouver Head Office
#1189, 789 W. Pender Street Vancouver, B.C. V6C 1H2 Canada

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

 

 

 

 

 

 

Data and Statistics for these countries : Peru | All
Gold and Silver Prices for these countries : Peru | All

Aguila American Resources Ltd.

EXPLORATION STAGE
CODE : AGL.V
ISIN : CA0086312026
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Aguila American Res. is an exploration silver and gold company based in Canada.

Its main exploration property is ANGOSTURA PERU in Peru.

Aguila American Res. is listed in Canada and in United States of America. Its market capitalisation is CA$ 10.1 millions as of today (US$ 7.9 millions, € 6.5 millions).

Its stock quote reached its highest recent level on March 11, 2011 at CA$ 2.80, and its lowest recent point on May 15, 2017 at CA$ 0.03.

Aguila American Res. has 20 599 749 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Aguila American Resources Ltd.
5/19/2011Announces Closing of $5,379,750 Financing Via Short Form Off...
Nominations of Aguila American Resources Ltd.
9/19/2012Appoints Additional Director
Project news of Aguila American Resources Ltd.
2/18/2011(Angostura Peru)Aguila samples 16 g/t at 3 million ounce Gold target in Peru
2/18/2011(Angostura Peru)Completes Work Program on Peru Gold Project
11/30/2006(Angostura Peru)2006 Technical report
Corporate news of Aguila American Resources Ltd.
7/6/2016Aguila American Gold closes non-brokered Private Placement
6/16/2016Aguila American Gold Amends Non-Brokered Private Placement
6/13/2016Aguila American Gold Announces Non-Brokered Private Placemen...
5/3/2016Aguila American Gold Frankfurt Listing
4/27/2016Aguila American Gold Grants Stock Options
3/31/2016Aguila American Gold Announces Closing Of Non-Brokered Priva...
3/31/2016Aguila American Gold Provides Update On Angostura Property, ...
11/2/2015Aguila American Announces Approval of Environmental Impact A...
8/18/2014Aguila Provides Corporate Update
4/24/2013Gold Limited: Angostura Gold Project Drill Program Results
11/8/2012Announces Former Ventana Gold Executive as CEO
10/25/2012Gold Limited: Drilling Commences at Angostura Gold Project
3/5/2012(AGL:TSX-V) Signs Community Agreement and acquires Drill Per...
8/31/2011Gold Ltd. Featured in Gold Report Newsletter
7/22/2011 Growing Global Confidence in the Evolving Poli-Economic Cli...
5/9/2011Signs Community Agreement Proceeds with Drill Permitting
3/3/2011Negotiates More Favourable Terms for Angostura Gold Project
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (AGL.V)Other OTC (AGLAF)
0.490-2.00%0.361-26.33%
TSX-V
CA$ 0.490
01/12 09:34 -0.010
-2%
Prev close Open
0.500 0.490
Low High
0.490 0.490
Year l/h YTD var.
0.450 -  0.620 -20.97%
52 week l/h 52 week var.
0.130 -  0.670 206.25%
Volume 1 month var.
500 -22.22%
24hGold TrendPower© : 8
Produces
Develops
Explores for Gold - Silver
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
Last updated on : 9/1/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
2021117.78%
202028.57%0.300.12
2019-5.41%0.270.15
2018-26.00%0.290.17
2017525.00%0.300.03
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.42-1.07%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 2.36+0.00%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 2.82+0.71%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 0.96-2.04%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.95+0.52%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.06+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 5.03-5.45%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.84+0.00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 11.45-2.05%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.65+0.00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.20+7.89%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 5.53-8.75%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 19.57-3.50%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.04+0.00%Trend Power :