RSS

Aguila American Prospector Tour

August 29, 2012

US-Southwest Banks

Southwest Banks
by The359

Aguila American Prospector Tour

Write-up by Resourceintelligence

Aguila American Gold (TSX.V:AGL) is focused on establishing its one hundred% owned Angostura gold venture in Peru.

Located in southern Peru’s Apurimac Departimento, in Grau Province, the Angostura venture is 430 kilometres southwest of Lima, and 180 kilometres southwest of the city of Cuzco.

Everyday flights from Lima to Cuzco give entry to the project. A paved highway and gravel roads surround the home.

Multiple sources of water ensure a steady flow year-round. A electrical power line transects the project boundary.

Lying inside of a very prolific gold and copper mining district, significant mines and exploration tasks close to Angostura are the $ four.5B Las Bambas Venture and $ 1.4B Tintaya Mine, the two owned by mining giant Xstrata Mining.

The Angostura venture location totals seven,835 hectares of fully titled concessions.

Between 1993 and 2011, exploration activity on the project has traced oxide mineralization over a 4.eight km strike length.

Mineralization has been interpreted as gold-bearing limestone substitute bodies with mineralization identified at the limestone/sediment speak to and at the surface.

Zone 1 has a surface trace of 170 metres by up to 26 metres wide.

Situated just to the east, Zone 2’s surface trace measures 420 metres in length and up to 75 metre broad with an typical width of about 45 metres.

Sampling from both these zones has returned exceptional gold and silver values.

Preceding operate applications at Angostura include geological mapping and trenching in 1993 -1994 on Zone one, in which 9 rock chip and grab samples unveiled regular grades of 3 to seven g/t gold.

In 2003, 47 trenches and pits measuring up to 17.five metres in length by one metre wide returned up to 5.24 g/t gold over 17.five meters. Compilation of trench samples from six trenches returned an average grade of 3.46 g/t Au over 75 metres for Zone two. Normal grades ranged from one.3 g/t gold to eight.2 g/t gold over roughly three metres.

Continued exploration by Aguila in 2010 and 2011 has confirmed the widespread mineralization on multiple zones at the Angostura venture.

In 2010, 13 surface samples from Zones one and two collected along a 150-meter area exposed up to 16 g/t gold more than 2 meters, with an typical grade of four.97 g/t gold over two meters.

Results of the 2011 surface exploration system effectively extended the identified zone of iron carbonate alteration that is connected with the mineralization for much more then 800 meters east of the recognized mineralization.

As a result of the continued good results, Aguila has budgeted for a two phase, 8,000 m drill program slated to commence in the May of 2012.

With a binding agreement in area with the local neighborhood, all land titles in place and $ three.8 million in the bank, Aguila American is well positioned to unlock the prospective wealth within the Angostura venture.

Click Right here to observe video.

About the Writer

Resource Intelligence

Use and distribution of this article is subject to our Publisher Recommendations
whereby the authentic author’s details and copyright need to be included.

&#13

Resource Intelligence

&#13
&#13
&#13
&#13
&#13
&#13
&#13
&#13
&#13
&#13
&#13
Use and distribution of this write-up is subject to our Publisher Tips&#13
whereby the original author’s info and copyright need to be incorporated.&#13
&#13
&#13

, , ,

No comments yet.

Leave a Reply