Aguila Copper Corp. - CEO, Mark Saxon
CEO, Mark Saxon
Source: Medallion Resources
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  • Aguila Copper Corp. (AGL) has been granted an additional 25 BLM lode mining claims at the Lida copper-silver project on the Walker Lane Belt in Esmeralda County, Nevada
  • The company staked the additional as a reaction to the identification of a highly prospective sub-surface induced polarization (IP) chargeability anomaly
  • The area under claim now is 4.83 sq km and secures the strike extent of the IP anomaly
  • Aguila Copper Corp is a copper, and precious metal company focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the Cora Project in Arizona
  • Aguila Copper Corp. opened trading at $0.23 per share

Aguila Copper (AGL) has been granted an additional 25 BLM lode mining claims at the Lida copper-silver project.

The claims are located on the Walker Lane Belt in south-central Esmeralda County, Nevada. The additional claims were staked in response to the identification of a highly prospective sub-surface induced polarization chargeability anomaly.

The area under claim now is 4.83 sq km and secures the strike extent of the IP anomaly.

The Lida project is now secured by 58 granted BLM lode mining claims that cover three recently identified high chargeability anomalies, each approximately 500m in length.

The high chargeability zone corresponds to an area of high-grade oxide copper sampled at surface.

In 57 samples taken from dump and pit material, copper ranged from 26.20 per cent Cu to 12 ppm Cu averaging 1.80 per cent Cu. Twenty samples exceeded 1 per cent Cu, including 14 that exceeded 2 per cent Cu.

Three large discrete upright/steeply dipping chargeability anomalies of high IP were discovered within an elevated chargeable zone.

The anomalies are each approximately 500m in strike length with a chargeability exceeding >40mV/V in a background of <10mV/V. Values above 10mV/V are typically considered anomalous.

While there is typically a direct correlation between chargeability and sulphide content, it may not correlate to economic mineralization.

“As preliminary results from the IP survey became available from the contactor, we identified the tenor and significance of the buried chargeability anomalies,” said Mark Saxon, President and CEO.

“In response, we extended both the survey area and our claims to ensure we own 100 per cent of the target,” he added.

The company is currently acquiring necessary land use permits and drilling contracts for a program to begin in Q4 of 2022.

Aguila Copper Corp is a copper, and precious metal company focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the Cora Project in Arizona.

Aguila Copper Corp. opened trading at $0.23 per share.


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