Aguila American GOLD Announces Arrival of Drill Rig at Wusa GOLD Project
1
AGUILA AMERICAN GOLD ANNOUNCES ARRIVAL OF DRILL RIG AT WUSA GOLD
PROJECT
Vancouver, British Columbia – November 17, 2020: Aguila American Gold Limited (“Aguila” or
the “Company”) (TSX-V: AGL) (WKN: A2DR6E) is pleased to announce the arrival of the drill rig at the
WUSA project in Oregon, USA to begin the Company’s first drilling program. Set up and preparations are now
under way under the guidance of Aguila personnel, and drilling is anticipated to begin immediately. The drill
program is the first undertaken by Aguila at the project and represents a significant milestone for the Company
following closing of a recent $2.65 million financing.
The drill contractor chosen for the program is American Drilling Corp. (www.americandrillingcorp.com) based
in Spokane, Washington. The contracted program is for 750m in up to five holes, which may be expanded
based on positive results. Site access was prepared with the support and equipment of the surface landholder,
to ensure safe and suitable operating conditions.
Drill holes will test the Scorpion-Cinnabar prospect, which is defined by a 2.2 km long and up to 400-metre-
wide gold and arsenic in soil geochemical anomaly . More than 1200 soil samples were collected across an
area of highly acid altered volcanic and volcaniclastic rocks that trends south from the historic Black Butte
epithermal mercury mine. Gold in soil ranged from below detection limits (3 ppb Au) up to 5.51 g/t Au with
91 samples exceeding 0.1 g/t Au. An association with mercury is common with epithermal gold mineralization,
and the close association with the Black Butte mercury mine provid es strong evidence of the potential of
Scorpion-Cinnabar.
The Scorpion-Cinnabar prospect was discovered by the surface landholder in 2015 and has since been
tested with one drill hole. Hole SDH-001-18 intersected two mineralized intervals including 0.6 metres @ 3.25
g/t Au, 27.3 g/t Ag, 6680 ppm As, 485 ppm Sb, 2.8 ppm Te from 21.3 metres . The strong alteration and
association with low sulphidation epithermal pathfinder elements is highly encouraging and supports additional
drill testing. Drill sites constructed and permitted enable drill testing across approximately 1.8km of strike
length.
“The arrival of a rig to a drill site is al ways a pleasing moment for an exploration company and signals the
ability to test our ideas” said Mr. Mark Saxon, President and CEO. “We are very mindful of the challenges faced
across Oregon over the past summer and appreciate the support of the surface l andholder in road clearing
and gaining site access. Aguila is well financed for this program and our further exploration goals into the New
Year. We will provide regular updates on our exploration and corporate progress as we advance WUSA and
other opportunities.”
As announced 28th September 2020, Aguila closed a CDN $2.65m financing and received regulatory acceptance
to an option agreement to acquire up to 80% of the WUSA Gold Project located within the Western Cascades,
Oregon, USA. An NI43-101 Technical Report completed by independent consulting geologist Mr . John Rice
entitled “ Technical Report For The W USA Gold Project, Lane And Douglas Counties, Oregon, USA” (the
“Technical Report”) is available on the Company website and at www.sedar.com.
The Technical Report highlights the opportunity for discovery at the WUSA Gold Project , which covers
approximately 70,000 ha. The area has seen very little modern exploration, as the land and mineral rights
have been held by a single landholder for more than 150 years over which time mineral rights have never
been optioned to third parties.
The Cascade Range in Oregon is underlain by Eocene to Holocene intermediate to felsic volcanic and
volcaniclastics rocks erupted along the western margin of North America. Immediately adjacent to the WUSA
project lies a well -mineralized district containing multiple mineral deposits including polymetallic veins
2
(Bohemia, a gold -rush mining area discovered in 1858) and historic hot -spring style mercury mines. Placer
gold mining is still active within the area.
The qualified person for the Company's projects, Mr. Mark Saxon, the Company’s Chief Executive Officer, a
Fellow of the Australasian Institute of Mining and Metallurgy and a Member of the Australian Institute of
Geoscientists, has reviewed and verified the contents of this release.
About Aguila American Gold Ltd (TSX.v: AGL) (WKN: A2DR6E)
Aguila American Gold is an emerging gold company enhancing shareholder value through exploration and
discovery.
ON BEHALF OF THE BOARD,
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
www.aguila.gold
1305 – 1090 West Georgia St., Vancouver, BC, V6E 3V7
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain information set out in this news release constitutes forward-looking information. Forward looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate”, "plan", "continue”, "estimate”, "expect",
"may”, "will", "intend", "could", "might", "should", "believe" and similar expressions. Forward -looking statements are
based upon the opinions and expectations of management of the Company as at the effective date of such statements and,
in cert ain cases, information provided or disseminated by third parties. Although the Company believes that the
expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information
obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been
correct. Readers are cautioned not to place undue reliance on forward-looking statements.
These forward-looking statements are subject to a number of risks and uncertainties. Actual results may differ materially
from results contemplated by the forward -looking statements. Accordingly, the actual events may differ materially from
those projected in the forward -looking statements. When relying on forward -looking st atements to make decisions,
investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue
reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements,
except as may be required by applicable securities laws.