Aquiline Resources (AQI-V) Message Board

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

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To: Not_Active who wrote (10)	3/5/1997 12:33:00 AM
From: James N. Wilson	of 23

Hecla elects to proceed at La Jojoba Aquiline Resources Inc AQI-V Shares issued 6255725 Tuesday Mar 4 1997 Ms Irene Wilson reports The company has received notice from Hecla Mining of its election to proceed with further development of Aquiline's La Jojoba gold project, Sonora, Mexico. As provided in a letter of intent signed November 25 1996, upon electing to proceed at La Jojoba and maintain its right to earn a 60% interest in the property, Hecla will pay US$400,000 to Aquiline as reimbursement for a property payment made in December 1996, and will advance a minimum US$1.1 million for exploration expenditures to be spent solely at La Jojoba by December 31 1997. Crews have been mobilized to the La Jojoba site to begin preparing and planning extensive exploration operations to commence at the property as soon as possible. Results from the forthcoming exploration programs will be announced as they become available. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

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