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Aquiline Commences Calcatreu Drilling; Completes Navidad Trial.


TORONTO -- Aquiline Resources Inc. ("Aquiline" or "the Corporation") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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) is pleased to announce the commencement of a minimum 3,500 meter HQ core drilling contract at its 100% owned Calcatreu Project, Rio Negro Río Negro or Rio Negro ("black river" in, respectively, Spanish and Portuguese) may refer to: Rivers
  • Rio Negro (Amazon), left tributary of the Amazon River
  • Río Negro (Argentina), Most important river of the Argentine Patagonia
 Province, Argentina. This program is expected to the first phase of larger 10,000 meter program at Calcatreu that will continue throughout the summer field season.

E[acute accent acute accent
n.
A mark (´) indicating:
a. that a vowel is close or tense, as é in French été.

b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek.

c.
]The drilling contract has been awarded to Major Perforaciones S.A. of Mendoza, Argentina Mendoza is a city in the west of Argentina, and the capital of Mendoza Province. As per the 2001 census INDEC] it has about 111,000 inhabitants, plus 848,660 in its metropolitan area, making it the fourth-largest conurbation in Argentina. , who will be supplying a dual purpose UDR-650 rig capable of both core and reverse circulation (RC) drilling. This same machine was used by Major at Calcatreu for the bulk of the 2004 drilling campaign in which some 19,800 meters of core and RC drilling were completed at and in the vicinity of Vein 49. This drilling, which was largely in-fill in nature, brought the project to the feasibility stage of development. A feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change.  by mineral engineering consultants Ausenco Limited of Brisbane, Australia is currently in progress.

E[acute accent]The objectives of the present round of drilling are a) test sub-parallel identified veins near Vein 49, such as Belen, Belen East, and Puesto, b) test additional targets down-dip on Vein 49 and Nelson, including the Vein 49 hanging wall splay, and c) test additional Calcatreu district targets such as Castro Sur, Viuda de Castro, and Trinidad. Except for Vein 49 and Nelson, most of these areas have seen little or no previous drilling despite having numerous instances of multi-gram gold values as determined from rock chip sampling of low-sulfidation-type quartz veins in outcrop.

E[acute accent]As in previous drilling campaigns at Calcatreu, sample handling on site will be under industry-standard guidelines, and laboratory analysis will be provided by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund.  Laboratory in Santiago, Chile. The design and overall management of the program will be provided by Calcatreu Exploration Manager John J. Chulick, a Qualified Person registered as a professional geologist in the state of California

E[acute accent] E[acute accent]Aquiline also announces that the court action in the Supreme Court of British Columbia The Supreme Court of British Columbia (SCBC) is the superior trial court for the Canadian province of British Columbia. The SCBC hears civil and criminal law cases as well as appeals from the Provincial Court of British Columbia. , Canada (Registry File No. S041353) against Vancouver based IMA (Interactive Multimedia Association, Annapolis, MD) An earlier trade association founded in 1988 originally as the Interactive Video Industry Association. It provided an open process for adopting existing technologies and was involved in subjects such as networked services, scripting  Exploration Inc. will be concluded today. The trial commenced on October 11, 2005 and was in session for a total of 32 days, which included five days of closing arguments. The trial is expected to determine ownership of the potentially world-class Navidad Silver Project in Chubut Province, Argentina and judgement will be reserved with a decision likely sometime in 2006. The evidence adduced at trial was in accordance with the Corporation's expectations and Aquiline continues to believe it is in a very strong legal position. Aquiline's closing arguments in the matter can be found on the Corporation's website at www.Aquiline.com.

E[acute accent]The TSX has not reviewed and does not accept responsibility for th e adequacy or accuracy of this release.

E[acute accent]Aquiline Resources Inc. (TSX:AQI)
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 9, 2005
Words:486
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