July 31, 2001 Final assays from 8 holes completed were received. All but two holes intersected insignificant PGE mineralization. The two holes with notable mineralization returned up to 0.44 g/t PGE + Au over 10.5 m, including 0.93 g/t PGE + Au over 1.5 m. Additional drilling and surface sampling were planned.
October 19, 2000 Aquiline Resources has further expanded its property position in the River Valley area near Sudbury, Ont., by entering into a letter agreement with a Dumont Nickel Inc. to acquire its property in River Valley which consists of four leased claims in Dana township. Aquiline plans to conduct preliminary exploration on the property this fall in conjunction with similar work on its contiguous claim block which it acquired earlier this year from Anaconda Uranium.
February 29, 2000 Anaconda Uranium has acquired three claim blocks in Dana Township, Ontario, prospective for platinum group metals. The properties, located in the River Valley area, were acquired for CDN$10,000 in cash and 100,000 Anaconda shares.