- Aguila Copper Corp. (TAGL) is reviewing prior exploration data from the Manitoba-based Sherridon Copper-Zinc-Silver Project to define exploration opportunities
- Aguila secured the rights to earn up to 90 per cent of 28 mining claims and one mineral lease which covers two substantial copper-zinc-silver historic mines
- Data received shows the Sherritt Gordon deposit had produced 7.74 million tonnes with high grade averages for copper, zinc, gold, and silver
- Data will be reprocessed with modern software to identify future drilling campaign targets
- Aguila Copper Corp. (TAGL) is up 12.07 per cent and is trading at $0.32 per share as of 2:06 p.m. ET
Aguila Copper Corp. (TAGL) is reviewing prior exploration data from the Sherridon Copper-Zinc-Silver Project in Manitoba to identify exploration opportunities.
Through an option agreement, Aguila has secured the right to earn up to 90 per cent of 28 mining claims and one mineral lease. Altogether they cover two substantial copper-zinc-silver historic mines, four historical mineral resources, and a range of targets where copper and zinc massive was encountered in drilling.
Aguila has received a well-organized archive of all exploration data from Halo Resources Ltd. Past exploration activity peaked with the investment of between 2006 and 2012. The data begins with mining records from the Sherritt Gordon deposit which produced 7.74 million tonnes with high-grade averages for copper, zinc, gold, and silver.
Mark Saxon, CEO of Aguila, commented,
“Despite historic resources and a rich and high-grade mining history, the Sherridon VHMS project in Manitoba lay unexplored for more than a decade. We are now working through an impressive dataset provided by Halo Resources which is revealing many resource expansion and discovery opportunities.”
Manitoba Geological Survey databases indicate a total of more than 500 holes have been drilled in the area for resource estimation and exploration purposes.
The Sherridon archive also includes complete survey data sets. Geophysical data found in the sets will be reprocessed with modern software and reinterpreted to identify future drilling campaign targets.
Aguila Copper Corp. (TAGL) is up 12.07 per cent and is trading at $0.32 per share as of 2:06 p.m. ET.