Aguila American Resources Ltd. (TSX-V : AGL) is a publicly traded, natural resource development company involved in the exploration and development of mineral properties. Currently all activities are focused on its Angostura Prospect in Peru.
10/11/12Aguila American Gold appoints former Ventana Gold exec as CEO
26/10/12Aguila American Gold starts drilling at Angostura project
10/08/12Aguila snags drill permit for Angostura gold project
14/03/12Aguila American Gold set for busy 2012 with Angostura drill permit expected in May
05/03/12Aguila American Gold reaches community agreement for Peru project
No documents available.
Aguila American Gold Ltd. is an emerging gold exploration company, with an experienced geological and executive management team focused on advancing and developing their flagship prospecptive gold project; Angostura. This highly prospective gold property is located in the Department of Apurimac, in southwestern Peru.
Angostura rests on a prolific mineral trend, approximately 25km from the Las Bambas Mine, a 4.5 billion mineral production project spearhead by Xstrata Mining. The Angostura Gold Project is comprised of eight mineral exploration concessions where recent exploration programs have identified two key mineralized zones along a 4.8km surface strike and where surface sampling and trenching has exposed mineralized areas up to 75m wide (open in all directions).
The Angostura Property covers approximately 6,800 hectares and is comprised of nine exploration concessions and two claims 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
Five mineralized zones have been identified on the Angostura Property to date with upcoming work focusing on the first two zones. Zone No.1 is approximately 150 metres long and has an average width of 30 metres. Zone No.2 is located to the east of Zone No.1 and work in 2003 defined a width of 75 metres with an average grade of 3.64 g/t gold. Silica-rich, iron manganese oxide structures have been identified approximately 2,100 metres to the west, and 2,700 metres to the east of Zone No.1.
The 43-101 was written by one of the World’s most reputable Geological firms A.C.A Howe International. All of the mineralization starts at surface. There are number of trenches on the property with exceptional grade. The strike length is close 5 km as stated above. Bottle roll tests returned results of 90% on Au recovery.
*43101 Technical Report by Mr. Victor A. Jaramillo, P. Geo., (Nov 30, 2006)- A.C.A. Howe International, 2003 **Potential Resource Estimate from P.Geo listed above. Non NI-43-101 Compliant Resource Calculation Potential quantity and grade is conceptual Only 50% of the calculated tonnes may contain potentially economic mineralization. Grades could range from 1.0 to 5.0 g/t gold with an average grade of 4.97 over 2m (based on 2003 sampling results).
John Huguet - President, CEO and Director
Christopher R. Verrico - Chief Operating Officer, Director
James McCrea - Vice President of Exploration
Nick DeMare - Director and Secretary
Dusan Berka, P.ENG. - Director
Issued & Outstanding*: 39,142, 302
Options Outstanding: 2,634,000
Warrants Outstanding: 14,384,525
Fully Diluted: 56,160, 827
Market Capitalization: $13.86 M
Recent Equity Financing: $5.376M
Non Brokered: 4,440,000 units @ $.45
Two year half share warrant: @ $.65
SFOD: 3,840,000 units
#1305 - 1090 WEST GEORGIA STREET
VANCOUVER, B.C. V6E 3V7
Tel: (604) 685 9316
Fax (604) 683 1585
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