Aguila Copper Signs Geophysical (IP) Contract FOR Lida Copper-Silver Project, Nevada
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AGUILA COPPER SIGNS GEOPHYSICAL (IP) CONTRACT FOR LIDA COPPER-SILVER
PROJECT, NEVADA
Vancouver, British Columbia – March 9th, 2022: Aguila Copper Corp. (“Aguila” or the “Company”)
(TSX-V: AGL) (OTCQB: AGLAF) (WKN: A2DR6E) is pleased to announce signing of a contract with Abitibi
Geophysics Inc., ("Abitibi") to perform an induced polarization (“IP”) survey using Abitibi's proprietary OreVision®
2D IP system at the Lida copper-silver project in south-central Esmeralda County, Nevada.
OreVision® is a high resolution and deep penetrating proprietary geophysical method that can penetrate to a depth
of 400 meters. The line spacing interval will be 200 meters and cover a total of 25 line kilometers across the
Company’s BLM lode mining claims. The survey will help to identify immediate drill targets at Lida , in support of
recent high grade sampling results, a buried porphyry/skarn geological model and historic geophysical data.
A recent mapping and sampling program (see press release dated March 1st, 2022) reported widespread copper
carbonate and oxide mineralization within hydrothermal alteration zones in workings and outcrops in the northern
and eastern parts of the claim block. Propylitic and argillitic alteration within quartzite and shale of the Campito
Formation were observed in workings and outcrops throughout the area, suggesting potential zonation of a larger
buried porphyry system. A regional IP survey performed by Conoco in the 1970s indicated the presence of a buried
high chargeability, low resistivity anomaly, characteristic of disseminated sulfide.
A total of 57 samples were taken by Aguila from dump and pit material across a 2km x 2km area. Copper ranged
from 26.20% Cu to 12 ppm Cu averaging 1.80% Cu. Twenty samples exceeded 1% Cu including 14 that exceeded
2% Cu. Silver ranged from 436 g/t Ag to 0.03 g/t Ag, averaging 11.8 g/t Ag. Twelve samples exceeded 5 g/t Ag
including 4 that exceeded 20 g/t.
“Our 100% owned Lida project has progressed rapidly through concept, staking and sampling stages to now being
ready for geophysics” said Mark Saxon, CEO of Aguila Copper Corp. “Abitibi’s OreVision IP survey should provide
us with immediate drill targets with much higher detail and resolution than an earlier survey run 50 years ago.”
A Notice of Exploration has been lodged with the Tonopah Field Office of the Bureau of Land Management, BLM
and the IP survey program at Lida is expected to start in Q1 or Q2 of 2022.
Furthermore, Aguila advises that the Company has elected not to complete the annual payment required to maintain
an interest in the WUSA gold project in Oregon. While drilling encountered gold, pathfinder elements and epithermal
vein textures over 2km of strike length, results were not sufficiently rewarding to continue investment. Aguila has
exited the project in full and returned data and core to the freehold Landholder.
Technical Background
Any references to the terms “ore minerals”, “mineralization” or “mineralized zones” are purely for descriptive purposes and are
not intended to be interpreted as or relied upon for any resource or economic evaluation of the project at this time. The Company
has obtained historic exploration data for this press release from the Nevada Bureau of Mines and Geology and other public
archives. Although historic exploration data was generated by reputable companies applying practice of the day, Aguila cannot
verify the data or determine the quality assurance and quality control measures applied in generating the data. Furthermore,
there is no guarantee that the exploration history is fully captured. Additional drilling may have been undertaken, however the
Company has not been made aware of or obtained additional data. Accordingly, the Company cautions that the exploration data
reported in this news release may not be reliable. Readers are cautioned that a "qualified person" as defined by National
Instrument 43-101 has not completed sufficient work to be able to verify the historical information, and therefore the information
should not be relied upon.
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
approved the contents of this release.
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About Aguila Copper Corp (TSX.v: AGL) (OTC: AGLAF) (WKN: A2DR6E)
Aguila Copper Corp is an emerging copper and precious metal company enhancing shareholder value through
exploration and discovery. Aguila is focused on the Sherridon Project in Manitoba, the Lida Project in Nevada, and
the Cora Project in Arizona.
ON BEHALF OF THE BOARD,
“Mark Saxon”
Mark Saxon
President & CEO
For further information, please contact:
aguilacopper.com
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 certain cases,
information provided or disseminated by third parties. Forward -looking statements in this news release include statements
regarding the closing of the transactions contemplated in the Option Agreement, the exercise of the option and the Exchange
approval of the Option Agreement. 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 di ffer materially from those
projected in the forward- looking statements. Such risks include the ability of the Company to complete all payments, share
issuances and expenditures required under the Option Agreement, the Exchange approval to the Option Agreem ent and
uncertainties relating to exploration activities. When relying on forward- looking statements 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.