SOURCE: AAA Energy Inc.

April 22, 2008 16:05 ET

Prior Drilling on AAA Energy's LiJiaWa Moly Prospect Report Assays Up to 19.84 Meters of 0.34% Mo

RENO, NV--(Marketwire - April 22, 2008) - Further to its news release dated April 7, 2008, AAA Energy Inc. (OTCBB: AAAE) (FRANKFURT: AAV) (WKN: A0MUFJ) is pleased to provide further disclosure of results from prior drilling undertaken by the Chinese operators on the LiJiaWa molybdenum prospect.

Most of the investigation of the LiJiaWa prospect is done along a series of northeasterly trending lines set up at an early stage of the investigation. The exact direction of the lines is N20°E and the lines are spaced at 200 meters apart. Interpretive cross-sections drawn along these lines show metamorphosed sediments and basaltic rocks dipping to the northeast that are intruded by northeasterly dipping granite porphyry sill-like bodies. Drill holes are all drilled along these lines and are depicted along the cross-sections together with their lithologies. The drill holes all start out vertical, but their directions appear to become perpendicular to the foliation of the country rock and to dip southeasterly by the bottom of the hole. Dip angles at the bottom of the holes are as shallow as -45°, but most are in the range of -65° to -70°.

Data on a total of eight drill holes, numbered between ZK-1 and ZK-9, were received from the owners of the LiJiaWa prospect. Lithology and mineralization are included in the information received. The drill holes are evenly spaced and located on four of the northeasterly trending lines established at the time the prospect investigation was started. Summaries of various drill holes are presented below:

Drill hole ZK-1 is located on Cross-Section Line 8. It was begun as a vertical hole, but was at an angle of -58° to the southwest at 403.95m, the total depth of the hole. From 0 to 57 meters, the hole encountered metamorphosed basalt with potassic alteration below a small amount of alluvium at the surface and about 2 meters of granitic porphyry at about 25 meters. From 57 meters depth to 142 meters depth the hole encountered a sill-like body of granitic porphyry. From 142 meters depth to 186 meters depth, the hole again encountered metamorphosed basalt with potassic alteration. From 186 meters depth to the bottom of the hole at 403.95 meters, the hole encountered mostly metasedimentary rocks with the exception of about 6 meters of granitic porphyry at 236 meters depth.

Mineralization in drill hole ZK-1 is as follows:

0.37m of 0.52% Mo & 10.08% Cu at 8.66m.
2.50m of 1.25% Mo & 11.11% Cu at 67.2m.
1.50m of 0.80% Mo, 10.99% Cu, & 3.03 g/ton Au at 132.74m.
1.14m of 0.45% Mo at 206.17m.
2.46m of 1.35% Mo at 208.23m.
2.21m of 0.84% Mo, 6.006% Cu, & 1.06g/ton Au at 321.08m.
3.57m of 0.81% Mo, 3.127% Cu, & 1.01g/ton Au at 325.93m.
5.29m of 1.11% Mo at 369.71m.

Drill hole ZK-2 is located on Cross-Section Line 16. It was begun as a vertical hole, but was at an angle of -45° to the southwest at 379.31m, the total depth of the hole. From 0 to 19m, the drill hole encountered metamorphic rocks with potassic alteration and granitic porphyry dikes. From 19 to 49 meters, the drill hole encountered a sill-like granitic porphyry body. From 49 meters to the bottom of the drill hole at 379.31 meters, it encountered various metamorphic sedimentary and basaltic rocks.

Mineralization in drill hole ZK-2 is as follows:

2.00m of 0.007% Mo, 0.06% Pb, & 0.122% Zn at 0m.
15.29m of 0.21% Mo, 2.44% Pb, & 0.195% Zn at 2.00m.
20.06m of 0.30% Mo, 3.80% Pb, & 0.217% Zn at 21.40m.
4.00m of 0.28% Mo, 3.65% Pb, & 0.118% Zn at 44.46m.
3.80m of 0.002% Mo, 8.80% Pb, & 0.067% Zn at 53.19m.
19.84m of 0.34% Mo, 4.14% Pb, & 0.040% Zn at 59.59m.

Drill Hole ZK-4 is located on Cross-Section Line 8. It was begun as a vertical hole, but by the bottom of the hole at 492.73 meters, it was at -57° to the southwest. From 0 to 39 meters the hole intercepted metamorphosed basalt with potassic alteration. From 39 meters to the bottom of the hole, it encountered metamorphosed basalt and other metamorphosed volcanic rocks.

Mineralization reported from hole ZK-4 is as follows:

4.86m of 0.64% Mo, 0.013% Cu, 1.83g/ton Au, & 0.006 % W at 230.05m.
5.67m of 0.022% Cu & 1.32g/ton Au at 275.27m.
2.68m of 0.76% Mo, 0.030% Cu, 0.88g/ton Au, & 0.014% W at 357.33m.
0.50m of 0.054% Cu & 1.02g/ton Au at 405.50m.
2.05m of 0.014% Cu & 1.06g/ton Au at 469.09m.
0.10m of 0.032% Cu & 0.90g/ton Au at 482.50m.

Drill hole ZK-6 is located on Cross-Section Line 16. The hole was begun as a vertical hole, but by the total depth of 400.10 feet, it had drifted to -55° to the southwest. From 0 to 72 meters the hole encountered sheared and faulted metamorphosed basalt. From 72 to the bottom of the hole at 400.10 meters the hole intercepted metamorphosed basalt with intercepts of a quartz vein at 113 meters and a breccia zone at 173 meters.

Mineralization reported from hole ZK-6 is as follows:

4.04m of 3.754% Cu, 1.84g/ton Au, 0.01% As, & 10.95% S at 72.25m.

Drill ZK-7 is located on Cross-Section Line 18. The hole was begun as a vertical hole, but by the total depth of 499.85 meters, it had drifted to -67° to the southwest. From 0 to 36.55 meters the hole intercepted a section of metamorphosed basalt. At 36.55 meters the hole encountered a granitic porphyry dike or sill that is 8 meters thick. Below 44.55 meters the hole intercepted metamorphosed basalt to the bottom of the hole at 49.85 meters that is cut by zones of mineralized breccia and sheared rock. No more granitic porphyry is identified in the hole.

Mineralization reported from hole ZK-7 is as follows:

6.62m of 0.09% Mo, 0.95% Pb, & 0.09% Zn at 79.82m.
7.88m of 0.29% Mo, 3.06% Pb, & 0.06% Zn at 124.55m.
8.00m of 0.17% Zn at 149.41m.
21.34m of 0.28% Mo, 3.34% Pb, & 0.17% Zn at 157.41m.
1.96m of 0.02% Zn at 178.75m.
2.66m of 0.14% Zn at 195.36m.
12.42m of 0.20% Mo, 2.82% Pb, & 0.17% Zn at 199.02m.
1.50m of 0.56% Mo, 4.11% Pb, & 0.34% Zn at 226.09m.
4.00m of 0.36% Mo, 2.21% Pb, & 0.06% Zn at 255.00m.
1.45m of 2.11% Pb & 0.03% Zn at 259.00m.
6.01m of 0.36% Pb & 0.03% Zn at 485.00m.
8.84m of 0.42% Mo, 3.59% Pb, & 0.03% Zn at 491.01m.

Drill hole ZK-9 is located on Cross-Section Line 16. It was started as a vertical hole, but by the bottom of the hole at 249.49 meters it had drifted to -72° to the southwest. From 0 to 77 meters the hole intersected metamorphosed basalt. At 77 meters, a 19 meter section of brecciated granitic porphyry was encountered. From 96 meters to 140 meters the hole encountered metamorphosed basalt, then an 8 meter section of sheared granitic porphyry and metamorphosed basalt. From 148 meters to 167 meters, altered metamorphosed basalt is intercepted. At 167 meters, a 31 meter section dominated by granitic porphyry dikes or sills is located. Below 198 meters to the bottom of the hole at 249.40, the drill encountered metamorphosed basalt.

Mineralization reported from drill hole ZK-9 is as follows:

0.80m of 0.11% Mo, 4.09% Pb, & 0.01% Zn at 86.07m.
3.00m of 0.32% Mo, 5.23% Pb, & 0.01% Zn at 87.91m.
4.00m of 0.24% Mo, 4.64% Pb, & 0.02% Zn at 133.79m.
6.57m of 0.22% Mo, 4.01% Pb, & 0.22% Zn at 183.57m.
1.41m of 0.03% Mo, 0.01% Pb, & 0.05% Zn at 202.66m.

Further Information

Please feel free to call Investor Relations in Europe at 0800 22 338 8259 and Investor Relations in North America at 1 516 659 6677 or visit us at www.aaa-energy.com.

About AAA Energy Inc.

AAA Energy Inc. is a publicly traded mineral and natural resource exploration company with its head office located in Reno, Nevada. AAA Energy Inc. aims to secure and develop a portfolio of high quality resource properties globally and in under-explored resource horizons. AAA Energy Inc. trades on the NASDAQ OTC BB under the ticker symbol: AAAE.

On behalf of the Board
Dr. Earl Abbott, President

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects," "intends," "plans," "may," "could," "should," "anticipates," "likely," "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's belief that AAA Energy Inc. can identify and successfully negotiate leases for natural and mineral resource properties in China and elsewhere, and that the Company can participate in the exploration of these resource properties. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

Contact Information

  • Contacts:
    AAA Energy Inc.
    Investor Relations in Europe
    0800 22 338 8259

    Investor Relations in North America
    1 516 659 6677