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NEW! COMMERCE RESOURCES CORP. (TSX:CEE) Reports Robust Economics from Preliminary Economic Assessment for the Ashram Rare Earth Element Deposit, Northern Quebec Read More

Highlights:

  • Study results show a strongly positive cash flow from a 4,000 tonne per day open-pit operation at Ashram with a 25-year mine life, a pre-tax and pre-finance Net Present Value (NPV) at a 10% discount rate of $2.32 billion, a pre-tax/pre-finance Internal Rate of Return (IRR) of 44% and a pre-tax/pre-finance payback period of 2.25 years.
  • SGS’s economic evaluation was based on the March 6, 2012 resource estimate which used a base case geologic cut-off grade of 1.25% TREO and provided 29.3 million tonnes (Mt) of measured and indicated resource, as well as 219.8 Mt of inferred resource averaging 1.88% TREO.

LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013  Read More 

  • Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.

Lomiko Metals is a *Sponsor  |  Visit the Lomiko Metals HUB 

GRAPHITE: Demand Seen Surging from Fuel Cells, Nuclear Reactors, Graphene Read More on AGORACOM Blog

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2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN  has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

 

 

Message: Aquiline Resources Inc.: Chubut Government in Favour of Re-Introduction of Respo

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Aquiline Resources Inc.: Chubut Government in Favour of Re-Introduction of Respo

posted on Jul 07, 08 07:51AM
Aquiline Resources Inc.: Chubut Government in Favour of Re-Introduction of Responsible Mining
Aquiline Resources Inc. (TSX: AQI) ("Aquiline" or "the Company") is pleased to provide its shareholders and other interested parties, excerpted transcripts of a speech given on June 25 at the Canadian Embassy in Buenos Aires, by Mr. Mario Das Neves, Governor of Chubut Province, Argentina.

Mr. Das Neves, along with Provincial Minister Norberto Yauhar, and the Secretary of Hyrdrocarbons & Mining, Mr. Luis Tarrio, spoke recently at a gathering organized by the Canadian Argentine Chamber of Commerce. The Provincial Government stated it was supportive of the re-introduction of mining in Chubut, particularly in the Meseta Central area of the Province (where the Navidad Project is located), but at the same time is proceeding with due caution, to be sure there is responsible management of environmental and social issues, which have been defined as fundamental objectives of this administration.

Transcripts of the relevant parts of the presentation, in both Spanish and English, are available on Aquiline's website at www.aquiline.com.

The Chubut Government has reviewed and approved the contents of this release and transcripts.

ABOUT AQUILINE

Aquiline Resources Inc. is an exploration and development company advancing one of the world's largest undeveloped silver deposits (Navidad), as well as a gold/silver deposit (Calcatreu), both in Argentina, and a gold deposit in Peru (Pico Machay).

FORWARD-LOOKING STATEMENTS

This press release includes certain "forward-looking statements". All statements, expressed or implied, regarding future development of the Navidad property, are forward-looking statements that involve various risks and uncertainties, as disclosed under the heading "Risk Factors" and elsewhere in Aquiline documents filed from time to time with applicable regulatory authorities. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Contacts:
Aquiline Resources Inc.
Martin J. Walter
Executive Vice President
(416) 599-4133
Email: marty@aquiline.com

Aquiline Resources Inc.
Flora Wood
Vice President, Investor Relations
(416) 599-4133
Email: flora@aquiline.com
Website: www.aquiline.com



Source: Marketwire (July 7, 2008 - 11:45 AM EDT)

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