Aguila American Gold Ltd. ("Aguila" or the "Company") (TSX VENTURE:AGL) - Mr.
John Huguet is pleased to announce the Company has completed a trenching,
geochemical sampling and mapping program covering an extensive zone of
alteration and the sampling of 3 artesanal mine workings located along the
strike of the mineralized Ferrobamba limestone contact.


In addition, the Company has engaged More Core Diamond Drilling Services Ltd. (
"More Core") of Stewart, British Columbia, Canada to perform 7000 meters of core
diamond drilling at its wholly-owned Angostura Gold project, 22 kilometres west
of Xstrata's US$4.2 billion Las Bambas copper project.


The Company selected More Core for its extensive experience in core drilling on
very steep terrain with mid-sized, man portable, equipment, capable of
delivering a larger diameter drill core product while meeting the Company's
negotiated mandate of an absolute minimum amount of surface disturbance. More
Core is expecting to ship all necessary equipment, which is new and expressly
modified to meet the Company's criteria, from Vancouver, BC, next week. The
equipment is also readily convertible for underground core drilling and
available to the Company as it advances towards potential resource definition
depending results from this initial surface core drilling campaign.


Aquila previously reported sampling from Zones 1 and 2 in the main oxide gold
area. This release includes results from Zone 2 as well, the Feliciano Bedia
workings, the working from Pit E which is 900 metres east north east of Zone 2
and from 3 workings located 600 metres west southwest of Zone 2 on the west side
of the Angostura River within the Company's Angostura Primera concession.


At the Feliciano Bedia workings, sampling returned highs of up to 33.9
grams/tonne Au over 1 metre with a weighted average of 11.4 grams/tonne Au over
9.2 meters of selective channel sampling spaced at various intervals along a
working 29 metres in length appearing to be open above, below and to the east,
when sampled in December of 2011, and generally following an east-west trending
structure in the Ferrobamba-Formation (recrystallized limestone). The hanging
and footwalls, where exposed, consist of recrystallized limestone with variable
amounts of oxidized sulphides. The tunnel was sampled near the working face from
a channel, chiselled across the roof of the tunnel. The first sample was taken
at a point 28 metres from the mouth, then at 24.5 metres, 21 metres, 16 metres
and at 12 metres from the mouth. Results are listed in Table 1 below.




----------------------------------------------------------------------------
Loc-                                                                        
ation                            Ele-                                       
Mine      Inter-                 ment    Au  Ag  Cu      Pb  Zn      Mn   Ba
Working      val  Width Sample   Unit   ppm ppm ppm     ppm ppm       %  ppm
----------------------------------------------------------------------------
MW of     0.00 - 1.00 m   2601        11.60 4.0  40    less 229 greater 1477
 Felic-   1.00 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (28                                                                   
 m) 
----------------------------------------------------------------------------
MW of     1.00 - 1.00 m   2602        33.90 4.9  60    less 288 greater  825
 Felic-   2.00 m                                     than 5      than 1     
 iano                                                                       
 Bedia
 (28                                                                   
 m)  
----------------------------------------------------------------------------
MW of     0.00 - 1.00 m   2603         5.78 7.7 122    less 435 greater 2705
 Felic-   1.00 m                                     than 5      than 1     
 iano                                                                       
 Bedia                                                                      
 (24.5
 m)  
----------------------------------------------------------------------------
MW of     1.00 - 0.50 m   2604         9.50 7.2 114      11 583 greater  662
 Felic-   1.50 m                                                 than 1     
 iano                                                                       
 Bedia                                                                      
 (24.5
 m)     
----------------------------------------------------------------------------
MW of     0.00 - 1.00 m   2605         3.59 3.7  36    less 211 greater  889
 Felic-   1.00 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (21                                                                   
 m)     
----------------------------------------------------------------------------
MW of     1.00 - 1.00 m   2606        12.50 3.3  37    less 125     0.9  649
 Felic-   2.00 m                                     than 5                 
 iano                                                                       
 Bedia
 (21                                                                   
 m)   
----------------------------------------------------------------------------
MW of     0.00 - 1.00 m   2607         5.85 3.0  64    less 244 greater  644
 Felic-   1.00 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (16                                                                   
 m)           
----------------------------------------------------------------------------
MW of     1.00 - 1.10 m   2608        13.10 3.8  71    less 269 greater  375
 Felic-   2.10 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (16                                                                   
 m)   
----------------------------------------------------------------------------
MW of     0.00 - 0.80 m   2609         4.81 2.1  22    less  83 greater  515
 Felic-   0.80 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (12                                                                   
 m)   
----------------------------------------------------------------------------
MW of     0.80 - 0.80 m   2610        11.00 3.0  43    less 176 greater  611
 Felic-   1.60 m                                     than 5      than 1     
 iano                                                                       
 Bedia 
 (12                                                                   
 m)   
----------------------------------------------------------------------------
                              Weight- 11.40 4.2  67    less 253 greater  935
                                   ed                than 5      than 1     
                                Aver-                                       
                                  age                                       
----------------------------------------------------------------------------



The second mine working, called Pit E by Jaramillo(i) in his 2006 report (V.A.
Jaramillo: The Angostura Property Technical Report, 2006, 70 pp.), reported 3
entrances and samples from this zone. The 2 accessible parts of Pit E were
sampled by chiselled channels and cut channel sampling methods yielding silver
assays as high as 589 grams/tonne over 1 metre with the weighted average of 242
grams/tonne over 14.4 metres of selective channel sampling, while noting that
Pit E is some 900 metres east and 400 metres higher in elevation then the
Feliciano Bedia working and in a separate zone of a potentially, very large,
mineralized system. Results are listed in Table 2 below.




----------------------------------------------------------------------------
                              Ele-                                          
Loc-    Inter-                ment   Au    Ag    Cu    Pb    Zn    Mn     Ba
ation      val  Width Sample  Unit  ppm   ppm     %     %     %     %    ppm
----------------------------------------------------------------------------
Labor 1 0.00 - 1.00 m   2431       0.60 142.9 0.39% 0.48% 0.32% 0.38%    367
 (lower 1.00 m                                                              
 level)    
----------------------------------------------------------------------------
Labor 1 0.00 - 1.00 m dupli-       0.73  91.4 0.30% 0.23% 0.27% 0.48%    558
 (lower 1.00 m          cate                                                
 level)  
----------------------------------------------------------------------------
Labor 1 1.00 - 1.00 m   2433       0.25  61.9 0.44% 0.52% 0.27% 0.45%   1289
 (lower 2.00 m                                                              
 level)  
----------------------------------------------------------------------------
Labor 1 2.00 - 1.00 m   2435       0.27 135.9 1.27% 4.52% 1.00% 2.15%    177
 (lower 3.00 m                                                              
 level)      
----------------------------------------------------------------------------
Labor 1 3.00 - 1.00 m   2436       1.00 287.0 1.42% 6.74% 1.67% 1.49%    279
 (lower 4.00 m                                                              
 level)   
----------------------------------------------------------------------------
Labor 1 4.00 - 1.00 m   2437       0.19  50.2 0.76% 1.08% 0.51% 0.39%   1815
 (lower 5.00 m                                                              
 level)     
----------------------------------------------------------------------------
Labor 1 5.00 - 1.00 m   2439       0.13  92.1 0.48% 1.42% 0.42% 0.26%   4722
 (lower 6.00 m                                                              
 level)     
----------------------------------------------------------------------------
Labor 1 6.00 - 1.00 m   2440       0.66 245.0 0.56% 5.98% 0.27% 0.51%    359
 (lower 7.00 m                                                              
 level)    
----------------------------------------------------------------------------
Labor 1 7.00 - 1.00 m   2441       2.86 573.0 0.15% 4.88% 0.21% 0.10%    134
 (lower 8.00 m                                                              
 level) 
----------------------------------------------------------------------------
Labor 1 0.00 - 1.00 m   2447       0.83 251.0 0.72% 0.12% 0.08% 0.66%    723
 (upper 1.00 m                                                              
 level)  
----------------------------------------------------------------------------
Labor 3 0.00 - 0.90 m   2442       0.75 346.0 0.25% 1.26% 0.14% 0.15%    181
 (upper 0.90 m                                                              
 level)   
----------------------------------------------------------------------------
Labor 3 0.00 - 1.00 m   2443       0.28 589.0 0.52% 0.53% 0.21% 0.47%    321
 (upper 1.00 m                                                              
 level)   
----------------------------------------------------------------------------
Labor 3 1.00 - 0.70 m   2444       0.20 381.0 0.71% 0.07% 0.25% 1.79%    880
 (upper 1.70 m                                                              
 level)          
----------------------------------------------------------------------------
Labor 3 0.00 - 0.80 m   2445       0.51 290.0 0.22% 0.24% 0.32% 0.47%    928
 (upper 0.80 m                                                              
 level)  
----------------------------------------------------------------------------
Labor 3 0.00 - 1.00 m   2446       0.06 153.0 0.35% 0.05% 0.06% 0.57%    447
 (out-  1.00 m
 side)        
----------------------------------------------------------------------------
                           Weight- 0.63 242.0 0.59% 1.94% 0.41% 0.67%    883
                                ed                                          
                             Aver-                                          
                               age                                          
----------------------------------------------------------------------------



The third mine working is within the surface property of Giber Sotomayor located
west of the Angostura River where Jaramillo excavated 2 trenches in 2003. The
objective of the visit was to sample the abandoned mine workings where sample
assays yielded gold values as high as 6.96 grams/tonne Au over 1 metre and a
weighted average of 2.07 grams/tonne Au over 16.6 metres of selective channel
sampling. Results are listed in Table 3.




----------------------------------------------------------------------------
                              Elem-                                         
Loc-    Inter-         Sam-     ent   Au   Ag   Cu     Pb   Zn       Mn   Ba
ation      val  Width   ple    Unit  ppm  ppm  ppm    ppm  ppm        %  ppm
----------------------------------------------------------------------------
Labor 1 0.00 - 0.80 m  2250         0.12 42.3 5443     23  127  greater 2191
        0.80 m                                                   than 1   
----------------------------------------------------------------------------
Dump at             -  2251         0.33 54.8 7462    120  104  greater 1654
 Mn-                                                             than 1     
 rich                                                                       
 outcrop           
----------------------------------------------------------------------------
Labor 2 0.00 - 1.00 m  2252         3.80  2.3   94     18   22  greater  752
        1.00 m                                                   than 1  
----------------------------------------------------------------------------
Labor 2 1.00 - 0.30 m  2253         0.20  1.9    3   less   23  greater   85
        1.30 m                                     than 5        than 1
----------------------------------------------------------------------------
Labor 2 0.00 - 1.00 m  2254         0.20  1.5    4   less   32  greater 2200
        1.00 m                                     than 5        than 1  
----------------------------------------------------------------------------
Labor   0.00 - 1.00 m  2256         2.13  1.2    8   less   17  greater  601
 3,     1.00 m                                     than 5        than 1     
 level                                                                      
 - 5 m                                                                   
----------------------------------------------------------------------------
Labor   1.00 - 1.00 m  2258         6.96  1.8   19   less    9  greater  391
 3,     2.00 m                                     than 5        than 1     
 level                                                                      
 - 5 m          
----------------------------------------------------------------------------
Labor   2.00 - 1.00 m  2259         2.29  1.6    4   less   14  greater  917
 3,     3.00 m                                     than 5        than 1     
 level                                                                      
 - 5 m     
----------------------------------------------------------------------------
Labor   2.00 - 1.00 m  dup-         2.84  1.2    7   less   15  greater  788
 3,     3.00 m          li-                        than 5        than 1     
 level                 cate                                                 
 - 5 m       
----------------------------------------------------------------------------
Labor   3.00 - 0.70 m  2261         3.73  2.1   20   less   16  greater 1510
 3,     3.70 m                                     than 5        than 1     
 level                                                                      
 - 5 m                  
----------------------------------------------------------------------------
Labor   3.70 - 1.00 m  2262         2.66  1.7    9   less   21  greater  542
 3,     4.70 m                                     than 5        than 1     
 level                                                                      
 - 5 m  
----------------------------------------------------------------------------
Labor   4.70 - 1.00 m  2263         3.50  1.6    8   less   20  greater  325
 3,     5.70 m                                     than 5        than 1     
 level                                                                      
 - 5 m   
----------------------------------------------------------------------------
Labor   5.70 - 1.00 m  2264         3.32  1.9    7   less   36  greater  633
 3,     6.70 m                                     than 5        than 1     
 level                                                                      
 - 5 m    
----------------------------------------------------------------------------
Labor   6.70 - 0.60 m  2265         1.26  1.8    3   less   25  greater  660
 3,     7.30 m                                     than 5        than 1     
 level                                                                      
 - 5 m               
----------------------------------------------------------------------------
Labor   0.00 - 1.00 m  2266         0.35  1.8    2   less   20  greater  191
 3,     1.00 m                                     than 5        than 1     
 level                                                                      
 mine                                                                       
 mouth        
----------------------------------------------------------------------------
Labor   1.00 - 1.00 m  2267         1.42  2.0    3   less   18  greater  279
 3,     2.00 m                                     than 5        than 1     
 level                                                                      
 mine                                                                       
 mouth    
----------------------------------------------------------------------------
Labor   2.00 - 1.00 m  2268         0.54  2.4    2   less   20  greater  300
 3,     3.00 m                                     than 5        than 1     
 level                                                                      
 mine                                                                       
 mouth   
----------------------------------------------------------------------------
Labor   3.00 - 1.00 m  2269         0.75  1.7    3   less   23  greater  665
 3,     4.00 m                                     than 5        than 1     
 level                                                                      
 mine                                                                       
 mouth      
----------------------------------------------------------------------------
Labor   4.00 - 1.00 m  2270         2.84  2.1    3   less   43  greater  756
 3,     5.00 m                                     than 5        than 1     
 level                                                                      
 mine                                                                       
 mouth      
----------------------------------------------------------------------------
Labor   5.00 - 1.00 m  2271         0.56 less    5   less   18     0.92  384
 3,     6.00 m                           than      than 5                   
 level                                    0.5                               
 mine                                                                       
 mouth                          
----------------------------------------------------------------------------
                            Weight- 2.07  6.4  653      ?   31  greater  794
                                 ed                              than 1     
                              Aver-                                         
                                age                                         
----------------------------------------------------------------------------



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



On behalf of the Board of Directors,

John Huguet, President 

Statements in this press release regarding the Company which are not historical
facts are "forward-looking statements" that involve risks and uncertainties.
Such information can generally be identified by the use of forwarding-looking
wording such as "may", "expect", "estimate", "anticipate", "intend", "believe"
and "continue" or the negative thereof or similar variations. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties may prove to be inaccurate
for any reason whatsoever. Actual results in each case could differ materially
from those currently anticipated in such statements. Except as required by law,
the Company does not intend to update any changes to such statements.


Aguila Copper (TSXV:AGL)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Aguila Copper Charts.
Aguila Copper (TSXV:AGL)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Aguila Copper Charts.