Aguila Copper changes name to T2 Metals Corp.
Aguila Copper Corp. [AGL-TSXV, AGLAF-OTCQB, A2DR6E-WKN] is changing its name to T2 Metals Corp. and will trade under the symbol [TWO-TSXV]. The move will take effect on October 20, 2022.
Aguila is an emerging copper and precious metal company with a focus on the Sherridon Project in Manitoba, the Lida Project in Nevada, and the Cora Project in Arizona. The company was previously known as Aguila American Gold Ltd., before changing its name to Aguila Copper back in December, 2021.
On October 18, 2022, the shares closed at 21 cents and trade in a 52-week range of 34.5 cents and 15 cents.
Sherridon is a historic mining area located in the Flin Flon/Snow Lake mining camp. Aguila has secured exploration rights to earn up to a 90% interest in 4,968 hectares that cover two former copper-zinc-silver mines.
The Lida copper-silver project is located in the Walker Lane Belt in south-central Esmeralda County, Nevada. In a September 22, 2022, press release, the company said the project is now secured by 58 granted BLM Lode mining claims that cover three recently identified three recently identified high chargeability anomalies. It said the high chargeability zone corresponds to an area of high-grade copper sampled at surface. In 57 samples taken from dump and pit materials copper values averaged 1.80%.
The company said it is acquiring land use permits and drilling contracts for a program to begin in the fourth quarter of 2022.
The Cora copper project, which is located in in Pinal County, Arizona was acquired through staking. Aguila said the project was identified during an extensive and ongoing project generation program targeting copper deposits within mining supportive jurisdictions in North America.
“The newly staked Cora project represents an exciting first step for Aguila into copper exploration in the Western U.S.,” Aguila President and CEO Mark Saxon has said.
The Cora project lies 75 kilometres northeast of Tucson, within the heart of the Arizona copper belt. The project is 100% owned by Aguila, secured by 46 granted BLM lode mining claims covering 3.84 square kilometres. The company said many of North America’s largest copper mines and development projects lie within 100 kilometres of Cora, including Ray Miami, Resolution, Florence and Silver Bell.
The project is also centred 2.0 kilometres east of the North Star copper mine under shallow cover. North Star was a producer of copper ore for Miami Copper Co. and ASARCO in the mid 1900s. Drilling at Cora was last recorded over 40 years ago, when significant widths of oxidized copper were intersected beneath shallow alluvial cover in an area exceeding one kilometre.
Drill hole (DH5), for example, returned 99.7 metres of grade 0.28% copper below 10.7 metres of alluvial cover. Drilling results are historical in nature and have not been verified by a qualified person as defined by National Instrument 43-101 compliant standards of disclosure.