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Gold/Mining/Energy : Juniors at ground floor and sleepers
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To: StockJock-e who wrote (55)3/16/1997 12:21:00 AM
From: James N. Wilson   of 117
 
StockJock-e,

At the La Jojoba gold project there is most likly 200,000 -300,000 ounces defined in over 100 holes at the NE zone. This zone is 12km in size. Two zones to the south and southeast have similar potential. Hecla now has exploration teams on the ground to test these additional zones, permits are in place for drilling. The big key is if Hecla can further expand the resource to support the 70,000+ ounce producer La Choya infrastructure over a 5 -10 year mine life. If so this will put a very good base under AQI. If significant exploration results are encountered AQI shares could be driven by speculation.

Not to forget AQI's 40% interest at the La Cieneguita project. Glamis has expressed its intent to sell their portion. The project is located within a few KM's of FGX's discovery. If a new JV comes forward for GLG's part they will most likely have deep pockets to meet GLG's price. Currently the La Cieneguita is a small producer of only 3000 ounces per year (pilot stage). The deposit contains 200,000 ounces of gold and is open to depth and along strike. This could be big for AQI also if the right company comes forward.

AQI pres. currrently on the acquistion trail to pick up serval more properties near the La Jojoba project - possibly to be optioned out to Hecla Mining.

Depending on how events shape up I could easily see AQI shares at the C$5 or higher levels over the next 6 -12 months.

However, as we have all learned mining is mining and just about anything can happen along the way.

james

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