Aguila American Signs Community Agreement Proceeds with Drill Permitting
09 Maio 2011 - 2:48PM
Marketwired
Aguila American Resources Ltd. ("Aguila") or (the "Company") (TSX
VENTURE: AGL) - Mr. John Huguet Reports:
The Company is pleased to announce it has received a Preliminary
Access Agreement legalized by three authorised representatives of
the local community situated nearest its Angostura gold project.
This agreement formally allows Aguila to proceed with drill
permitting for the advancement of its 100% owned, Angostura gold
project. The initial term of the agreement is for one year where
the Company has agreed to maximize local employment, assist in
certain community enhancements such as access road and other basic
infrastructure improvements and the provision of safety equipment
for the community's informal miners along with basic safety
training. The community is obligated to respect the terms and
conditions of the agreement with the Company and to ensure
appropriate internal coordination within sectors of the community
for realization of the environmental impact study.
The community overwhelmingly passed a vote resulting in 61 - 4
in favour of upholding the formal Preliminary Access Agreement
presented by the Company.
Much of the agreement is focussed around assisting the community
in gaining control of the escalating illegal mining activity in the
area and formalizing that activity to the benefit of the community
while informing its members on the nature and form of the
contemplated drilling activities. The Company is committed to
consulting with and educating community members in an effort to
involve them to the fullest extent in the process of exploration
and the delineation of an economic resource while fostering full
input into the necessary socio-economic and environmental studies,
assessments and subsequent project planning. The majority of the
mineralized zone and its potential on strike extensions lay in
previously unoccupied areas that are partially bordered by marginal
subsistence farm lands where coexistence with the limited competing
interests are felt to be mitigatable.
John Huguet, Aguila American's President, states, "We are very
pleased that after many years of impasse to finally achieve a
mutually productive agreement with the nearest community at
Angostura. This agreement will enhance the community and officially
gives the Company a green light to proceed with exploration and
development at our very prospective gold project. Aguila will
endeavour to be leaders in stewardship of the environment and to
set an excellent example, to the citizens in the surrounding
area."
On behalf of the Board of Directors,
John Huguet, President & CEO
Aguila American Resources Ltd.
About Aguila
Aguila American Resources Ltd. is a publicly traded, natural
resource development company involved in the exploration and
development of mineral properties. Exploration plans are set to
focus on the Angostura Gold Prospect in Southern Peru. This
prospective gold exploration property is located approximately 430
kilometres southeast of Lima and 180 kilometres southwest of the
city of Cuzco in the Department of Apurimac. Angostura covers
approximately 3,800 hectares and is comprised of eight exploration
concessions.
About Prime
Prime was founded in Vancouver, British Columbia Canada and
specializes in serving micro to small cap companies that are
publicly traded on the Toronto Venture Stock Exchange. Prime
Communications specializes in elevating market awareness of our
clients and their offerings within the global investment community.
In doing so, Prime Communications Inc. endeavors to develop,
sustain and heighten new market awareness and shareholder value
through a strategic mix of brand marketing, corporate
communications and investor relations services.
Neither 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.
Contacts: Prime Communications Inc. John-David A. Belfontaine
Founder and President (604) 909-2303 or Toll free (866) 296-2195
info@primecom.ca Aguila American Resources Ltd. (604) 685-9316
(604) 683-1585 (FAX) www.aguilaamerican.ca
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