AGL Aguila Copper Corp

Aguila American Gold Limited. ("Aguila") or (the "Company") (TSX VENTURE:AGL) is
pleased to announce the results from the exploration drill program conducted at
the Company's 100% owned Angostura gold project in Southern Peru.


Blair Way, CEO remarks, "The results of this first ever drilling on the project
are very promising and continue to support our enthusiasm for the Angostura
project. The interpretation of drill results and geophysical data shows that
further work is required to unlock the potential value in our project."


The drill program ran for over 150 days spanning over the Christmas break and
into March. A total of 8 holes and 1958 meters were drilled. A two-man crew
operated 2 x 12 hour shifts per day utilizing a custom built man-portable
diamond drill. The first 4 holes assisted in understanding the local geology
better and each rock unit's geophysical response which then assisted in
targeting the drilling in the zones of interest. Hole 5 and Holes 6 to 8
(drilled from the same pad) demonstrate the mineralization zones on the smaller
geophysical target.


Results:



----------------------------------------------------------------
Diamond                       From        To  Interval        Au
Drill Hole                     (m)       (m)       (m)     (g/t)
AG-13-005                   161.35    168.76      6.72      1.42
-46         including       165.88    168.76      2.65      2.76
            and             203.58    209.97      4.50      0.51
            and             232.79    234.05      1.26      1.05
                                                                
AG-13-006                    83.20     95.20     12.00      1.40
-50         including        84.70     90.36      5.66      2.48
            and              99.67    102.72      3.05      0.89
            and              75.00     78.11      3.11      1.08
                                                                
AG-13-007                    63.09     73.73     10.64      0.50
-65         including        65.80     70.15      4.35      0.82
            and              91.14    101.20     10.06      3.66
                                                                
AG-13-008                    47.65     69.50     13.50      0.61
-65         including        59.45     64.11      4.66      1.00
            and              81.68     89.20      7.52      2.71
            including        81.68     87.60      5.92      3.09
            and              97.72    105.17      7.20      0.31
            and             112.96    114.56      1.60      1.88
----------------------------------------------------------------



Discussion:

The area drilled was previously reported as Zone 2 and was trenched in the 2003
exploration program in Trenches T12E to T16E. Previous samples taken from
workings in Zone 2 were reported in news releases dated February 18, 2011 and
May 2, 2012.


The oxide gold bearing structures drilled are steeply dipping and are related to
the regional Vilcabamba fault in Ferrobamba Limestone. The structures manifest
as halos around faults and as breccias with iron oxides in limestones/marbles.
These structures contain replacement style mineralization in limestone. The
mineralization consists of mainly gold in the area drilled but trenching has
shown gold, silver, copper, lead and zinc mineralization in zones to the
northeast of the drilling. All areas sampled on surface contained oxide
mineralization. Skarn type mineralization has also been seen in trenches and
adits on the property.


The induced polarization survey completed in July of 2012 shows the section
containing the above results as on the edge of a small chargeability high (5)
and in the contact of a resistivity high. The chargeability highs are
interpreted as oxide to sulphide mineralization and the resistivity highs are
interpreted as limestones. There are 4 other paired chargeability and
resistivity anomalies north and east of the zone drilled. These 4 anomalies are
all larger and with higher chargeability's then the area drilled. An example of
these anomalies is shown on the 3700 level section of the geophysics program
below. The brown ring #5 is the area of the drill program as permitted prior to
the completion of geophysics. The next round of drilling will be targeting the
larger anomalies 1 - 4.


To view the map accompanying this press release, click on the following link:
http://media3.marketwire.com/docs/a423m.jpg 


Notes:



--  Drill hole intervals reported herein are not true widths, which cannot
    be determined due to uncertain geometry of mineralization at this time. 
--  Drill hole intervals are weight-averaged based on the sample width. No
    internal cut-off grades were used in the reported intervals.



Project Overview:

Angostura is highly prospective, rapid growth gold exploration asset containing
eight titled concessions consisting of 8,644 ha. The target mineralization has
been interpreted as gold bearing oxide replacement bodies in brecciated
limestone. This fault has a 4.8 km known strike length trending ENE along the
limestone/sediment contact and with various known occurrences of oxide gold
mineralization and iron carbonate alteration. Two contiguous zones of
mineralization have been mapped in the fault contact between Ferrobamba
Limestone and younger sediments over a strike length of 425 meters. 


Mr. James A. McCrea., P. Geo., VP Exploration, 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

Blair Way, Chief Executive Officer

Aguila American Gold Limited

Aguila American Gold Limited is an emerging gold exploration company with an
experienced geological and executive management team focused on advancing and
developing their flagship prospective gold project, Angostura. Angostura is
located 180 kilometers southwest of city of Cuzco, in the Department of
Apurimac, southwestern Peru. Angostura is located in a prolific mineral trend,
approximately 25km from the Las Bambas Mine, a $4.5 billion mining project being
developed by Xstrata Mining Pty.


For more information visit www.aguilaamerican.ca

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aguila American Gold Limited
(604) 685 9316
(604) 683 1585 (FAX)
www.aguilaamerican.ca

Aguila Copper (TSXV:AGL)
Historical Stock Chart
Von Nov 2024 bis Dez 2024

Aguila Copper (TSXV:AGL)
Historical Stock Chart
Von Dez 2023 bis Dez 2024