Aguila Copper Corp (OTCMKTS:AGLAF) Stock Continues to Trade in a Narrow Range
Aguila Copper Corp (OTCMKTS:AGLAF) is moving in a range after the company announced the completion of the preliminary sampling and surface mapping program at its 100% owned Lida Silver-copper resource.
Market Stats
On Wednesday, AGLAF stock ended flat at $0.16 with 11.50k shares, compared to its average volume of 1.1k shares. The stock has moved within a range of $0.1600 – 0.1600 after opening trading at $0.16.
Aguila Copper Completes Initial Sampling Program at Lida Copper-Silver Project, Nevada
Lida is located in the south-central Esmeralda County in the rich copper, and gold endowed Walker Lane Mineral strip. Thirty-three issued LM lode mine resources secure the project that covers around 2.75 sq. Km and is accessible through two-wheel-drive cars using current access.
In the initial field mapping and sampling program, the company’s geologists found over 100 exploration pits, trenches, shafts, and small workings over around a 2kmx1.5km area. Around 50 pits and previous workings have been sampled, photographed with bare bedrock mapped.
So far, the company has sent around 57 samples for assay testing to ALS Global, Reno, Nevada. In addition, extensive copper oxide and carbonate mineralization has been established in the hydrothermal alteration zone in outcrops and workings in the eastern and northern regions of the resource block. So, AGLAF is a miming stock to watch.
Key Quote
“The Lida project is developing as an excellent drill target for 2022, sitting in a highly mineralized trend with abundant surface copper and an untested geophysical anomaly,” said Mark Saxon, CEO of Aguila Copper Corp. “Recent mapping by Aguila’s Exploration Manager Anders Hogrelius has located more than 100 historic workings that encountered copper whenever alluvial cover had been penetrated.”
Traders Corner
AGLAF stock is trading below the 20-Day and 50-Day Moving averages of $0.1671 and $0.1698 respectively. However, the stock is trading above the 200-Day moving average of $0.1892. The stock is down 6% in the past month.
