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Gold/Mining/Energy : Aquiline Resources (AQI-V)

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To: Dave Mihal who wrote (1)12/4/1996 9:44:00 AM
From: James N. Wilson   of 23
 
Hi Dave,

I believe that once the JV with Hecla Mining is finalized the markets will have to re-evaluate the potential of the 1100 hectare La Jojoba gold project. The drill results todate at this property seem to point towards a huge tonnage near-surface heap leach operation which could easily host 1mil plus ounces.

Not to forget the Cieniguita which is now a 5000 ounce per year producer and has reserves of over 200,000 ounces of gold. There could be breaking news on this front over the weeks ahead. My expectations would be for AQI to arrange a buy-out of GLG's 60% interest.

I think it should be interesting to follow these breaking events with Aquiline over the months ahead.

No relation to Jeff Wilson!

good luck,

james
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