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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: goldcat5/31/2006 9:14:37 AM
   of 78419
 
AQI News:Aquiline Drilling Confirms Potential of New Castro Sur Discovery

TORONTO, ONTARIO--(CCNMatthews - May 31, 2006) - Aquiline Resources Inc. (TSX:AQI) -

Twenty-two exploration drill holes, including the latest results to be reported today from drillhole AQI425, that has intersected 9 metres at 12 g/t gold and 81 g/t silver, have now indicated a new gold discovery in the Calcatreu district. The strike and down-dip extent of significant mineralization have yet to be determined. This new discovery, Castro Sur, sits within a prominent NE trending fault-controlled structure that strikes for more than 3 kilometres. The bulk of the drilling to date at Castro Sur has been concentrated along only a small 300 metre segment of the structure, where significant gold mineralization has been intersected. All intercepts to date have occurred at shallow depths. Importantly the new discovery is only a short distance (approximately 5 km) from Calcatreu's main gold and silver deposit Vein 49. For this reason Castro Sur is considered a contributing factor in the eventual development of the proposed plant facilities at Vein 49 because of its close proximity.
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