pocotraderI also sold my AQI a/c their move down south putting us at high risk.
Below is the results at Sudbury area that you are looking for:
April 11, 2003
Aquiline further announces that it has received final assay results from its 2002/03 drilling program on its Canadian PGM (Platinum Group Metals) properties located within the River Valley Intrusive Complex 70 km east of Sudbury, Ontario. The drill program was designed to test a number of geophysical induced polarization (IP) anomalies that the company had identified from its own previously completed exploration work. Approximately 2,000 metres was completed across four of the company's properties with the following breakdown:
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Property No. of Holes Metres Drilled Samples Submitted
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North Dana 4 786 46
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Central River JV 3 306 131
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AQI Block 5 339 282
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Loughrin PGM
Project 3 569 55
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Final results from this program were received from Xral Laboratories, Toronto on April 8th 2003 and indicate that while there were some intervals of anomalous PGE mineralization (i.e 100 to 200ppb combined Pt/Pd) there were no significant intersections of PGM's within any drill hole. At the North Dana project, which adjoins Pacific North West Capital/Amplats joint venture on the Dana Lake deposit, a fence line of drill holes across the high chargeability IP anomaly failed to intersect the mafic to ultra-mafic rocks of the River Valley Anorthositic Intrusive that are known to host concentrations of PGM mineralization.
In light of these disappointing results and the decline in the price of palladium, Aquiline intends to put its River Valley PGM properties on hold and focus on its gold opportunity in Argentina. With the completion of this drill program, sufficient assessment credit has been generated on River Valley such that no further expenditures would be required until 2006. A large portion of the Company's land position remains untested and company management believes there is still potential to discover economic PGM deposits within its River Valley land holdings.