Aquila
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Aquila Resources Inc. (TSX VENTURE: AQA)(FRANKFURT: JM4A) is pleased to announce assay results from three additional drill holes in the ongoing drilling campaign at the Back Forty Project in the Upper Peninsula of Michigan. Twenty holes (4800 meters) have been drilled to date in the 2006 program. Previous press releases dated June 6 and July 18, 2006 have summarized results from the first 10 holes of the program. Additional assays are pending from drill holes LK-85 to LK-90 with the results to be announced when received. Drilling will resume at the property the week of August 1.
The latest results from holes LK-82, 83 and 84 were targeting extensions of the Tuff Zone and the south limb of the Main Zone massive sulfides. Results from the three holes reported herein are highlighted by LK-83 which hit five separate mineralized zones. The Main Zone massive sulfide intercept in LK-83 returned 36 meters (21.6 meter estimated true width) of 13.4% Zn along with the four other mineralized intercepts including 0.8 meters of 43.7 g/t Au, 8.23 % Zn, 588 g/t Ag, and 16.4% Pb. (see table below)
Composited Assay Summaries
---------------------------------------
Est.
Interval True
BHID From To (m) width
---------------------------------------
---------------------------------------
LK82 98.50 100.10 2.60 2.10
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LK82 234.00 295.50 61.50 50.40
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includes 246.00 252.00 6.00 4.90
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---------------------------------------
LK83 51.50 65.00 13.50 10.13
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includes 53.00 56.00 3.00 2.25
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---------------------------------------
LK83 169.70 170.50 0.80
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---------------------------------------
LK83 173.18 209.25 36.07 21.60
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includes 183.50 209.25 25.75 15.45
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---------------------------------------
LK83 209.25 216.20 6.95 4.20
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---------------------------------------
LK83 224.40 260.50 36.10 21.66
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---------------------------------------
LK84 201.00 202.50 1.50 unknown
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---------------------------------------
LK84 229.50 234.00 4.50 unknown
---------------------------------------
includes 231.00 234.00 3.00 unknown
---------------------------------------
--------------------------------------------------
g/t
BHID g/t Au %Zn %Cu Ag %Pb Description
--------------------------------------------------
--------------------------------------------------
LK82 2.98 6.25 0.08 15.5 0.21 Rhyolite Tuff Porphyry margin
--------------------------------------------------
LK82 0.22 1.00 0.02 1.9 0.03 Chloritic Tuff and Rhyolite
Tuff stringers
--------------------------------------------------
includes 0.29 2.53 0.02 1.7 0.01
--------------------------------------------------
--------------------------------------------------
LK83 0.85 1.69 0.01 31.7 0.47 Chloritic Tuff stringers
--------------------------------------------------
includes 0.58 4.90 0.01 46.0 0.42
--------------------------------------------------
--------------------------------------------------
LK83 43.70 8.23 0.68 588.0 16.45 Massive sulfide above main
zone
--------------------------------------------------
--------------------------------------------------
LK83 0.85 13.42 0.09 9.1 0.03 Main Zone massive sulfide
--------------------------------------------------
includes 0.73 16.64 0.07 8.3 0.03
--------------------------------------------------
--------------------------------------------------
LK83 2.55 1.75 0.58 36.1 0.06 Semimassive, and massive
sulfide
--------------------------------------------------
--------------------------------------------------
Stringer, semimassive, and
LK83 1.72 0.04 0.45 14.4 0.02 massive sulfide
--------------------------------------------------
--------------------------------------------------
LK84 6.39 1.44 0.39 399.0 3.39 Rhyolite Ash Tuff
--------------------------------------------------
--------------------------------------------------
LK84 6.73 0.34 0.10 52.2 0.93 Silicified Rhyolite
--------------------------------------------------
includes 9.41 0.23 0.14 73.5 1.27
--------------------------------------------------
LK-83 was drilled 23 meters west of hole 108460 which returned 13.7% Zn over 17 meters, and was designed to clarify the geometry and thickness of the Main Zone in this area. Results from LK-90 drilled to the west of LK-83 are pending.
In LK-82, a 2.1 meter (est. true width) intercept of 6.25% Zn and 2.98 g/t Au represents the stratigraphically highest Zn intercept yet encountered in the uppermost rhyolite.
Other significant intercepts include 1.5 meters of 6.4 g/t Au and 4.5 meters of 6.7 g/t Au (true thickness unknown) in LK-84.
Bob Mahin, Senior Geologist and Qualified Person for the Back Forty project stated "We are very excited and encouraged about the results of the 2006 program thus far. The drilling at the Back Forty continues to hit multiple mineralized zones and significant intercepts of high grade zinc as well as gold and silver."
A longitudinal section of the Main Zone and Tuff Zone massive sulfides as well as a plan view of current drill holes will be posted on the Aquila website.
Drill core samples are split by Aquila with one half sent to ALS Chemex labs in Thunder Bay Ontario and Vancouver BC for preparation and analysis, with accuracy and precision monitored by checks, re runs, and standards.
Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The securities being offered have not and will not be registered in the United States under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws, and may not be offered or sold within the United States or to or for the account of benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to purchase securities in
Aquila and HudBay Announce Additional Drilling Results-Expanding Massive Sulfides and Gold Zones Near Surface LK-430 Intercepts 122.4 Meters at 2.0 g/t Gold and 5.5% Zinc
TORONTO, ONTARIO--(Marketwire - June 15, 2010) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) is pleased to announce more positive drill results from its ongoing drilling program at the Back Forty Project in the Upper Peninsula of Michigan. The Back Forty Project is an advanced stage exploration project evaluating a zinc and gold rich volcanogenic massive sulfide deposit under a Subscription, Option and Joint Venture Agreement with HudBay Minerals Inc. (TSX:HBM). Engineering and permit work is ongoing and the technical advisory committee for the project has agreed on a project schedule and work plan with a targeted date of early 2011 for submission of a permit application.
Drilling at the Back Forty Project continues to focus on expanding and further defining resources from the previously announced National Instrument (NI) 43-101 compliant mineral resource estimate (Back Forty Project Mineral Resource Evaluation, SRK Consulting, Toronto, Canada, February 25, 2009) available at www.sedar.com. The current drill results include intercepts of massive sulfide gold-rich stringer mineralization from the East and Hinge zones with significant lengths outside the current resource model as well as holes which confirm the eastern expansion of the 90 Gold Zone and the continuity of the NS Gold Zone, not included in the previous resource estimate.
"We continue to be impressed with assay results from the in-pit resource drilling," stated Tom Quigley, Aquila's President and CEO. "Definition of new mineralization and expansions of known zones within the resource pit shell continue to add value to the project, and we look forward to an updated mineral resource later this year."
Highlights include:
-- LK-424: 5.5 meters of East Zone massive sulfide outside of the resource
model assaying 10.2 g/t gold, 79.1 g/t silver and 8.6% zinc.
-- LK-429: 13.3 meters of East Zone massive sulfide outside of the resource
model of 8.2% zinc in an overall intercept of 19.8 meters of 9.6% zinc
and 1.2 g/t gold.
-- LK-430: 13.5 meters of massive sulfide outside of the resource model
which ran 10.6% zinc and 6.5 g/t gold within an overall 122.4 meters of
massive sulfide and stringer assaying 5.5% zinc, 2.0 g/t gold and 9.1
g/t silver, which also included 40 meters of 12.8% zinc and 2.5 g/t
gold.
-- LK-431: Confirmed the continuity of the eastern extension of the 90 Gold
Zone with an intercept of 5.4 meters of 6.1 g/t gold and 197.1 g/t
silver, and also intersected a new eastern extension of Tuff Zone
massive sulfide containing 4.5 meters of 6.4% zinc, 2.1 g/t gold, 45.1
g/t silver and 1.1% lead.
-- LK-433: Expanded the shallow 90 Zone in the southeast area of the
resource open pit with 43.7 meters of 1.1 g/t gold including 10.2 meters
of 2.9 g/t gold and 7.1 g/t silver. LK-433 also intersected the PM Gold
Zone with 7.8 meters of 5.2 g/t gold and 53.2 g/t silver.
-- LK-436: 20.5 meters of Pinwheel gossan and massive sulfide outside of
the current resource model that ran 2.8 g/t gold, 263.5 g/t silver and
2.2% copper, including 4.8 meters of 5.1 g/t gold, 59.6 g/t silver and
3.0 meters of 6.6% copper and 459.5 g/t silver.
-- LK-437: In-fill to define continuity of the NS Zone definition. It
intersected 6.0 meters of 34.0 g/t gold and 487.7 g/t silver, and 14.7
meters of 3.3 g/t gold and 48.1 g/t silver.
-- LK-438: Intersected 5.8 meters above the modeled Hinge Zone that assayed
8.6% zinc, 1.7 g/t gold and 17.2 g/t silver, and 8.4 new meters east of
the modeled Hinge Zone of 14.6% zinc, 1.1 g/t gold and 23.2 g/t silver.
Significant intercepts are summarized in the table below:
--------------------------------------------------
All
Intervals in
Meters Interval g/t g/t % % %
------------
Hole # From To Width(ii) Gold Silver Copper Lead Zinc Description
--------------------------------------------------
LK-424 East Zone
gossan and
12.0 31.0 19.0 4.4 36.6 0.2 0.2 11.9 sulfide
--------------------------------------------------
including 24.0 29.5 5.5(i) 10.2 79.1 0.2 0.1 8.6
--------------------------------------------------
LK-425 East Zone
gossan and
7.0 27.0 20.0 3.1 23.3 0.4 0.0 4.8 sulfide
--------------------------------------------------
including East Zone
massive
13.5 21.0 7.5 1.8 13.7 0.5 0.0 10.9 sulfide
--------------------------------------------------
and East Zone
massive
21.0 25.5 4.5 6.1 62.7 0.4 0.1 2.5 sulfide
--------------------------------------------------
LK-426 East Zone
gossan and
10.4 23.2 12.8 4.2 17.6 0.7 0.0 1.5 sulfide
--------------------------------------------------
LK-427 East Zone
stringer
58.3 90.0 31.8 2.6 8.4 0.2 0.0 0.5 sulfide
--------------------------------------------------
including 58.3 78.0 19.8 3.1 10.9 0.2 0.1 0.7
--------------------------------------------------
LK-428 Hinge Zone
massive
79.0 94.6 15.6(i) 1.5 13.5 0.4 0.0 3.2 sulfide
--------------------------------------------------
LK-429 East Zone
massive
86.0 105.8 19.8 1.2 12.4 0.1 0.1 9.6 sulfide
--------------------------------------------------
including 92.5 105.8 13.3(i) 1.5 12.4 0.1 0.1 8.2
--------------------------------------------------
LK-430 Hinge Zone
massive
10.1 132.5 122.4 2.0 9.1 0.1 0.0 5.5 sulfide
--------------------------------------------------
including 37.0 50.5 13.5(i) 6.5 9.8 0.2 0.1 10.6
--------------------------------------------------
including 50.5 90.5 40.0 2.5 19.1 0.3 0.1 12.8
--------------------------------------------------
LK-431 52.0 57.4 5.4(i) 6.1 197.1 0.0 0.4 0.6 90 Gold Zone
--------------------------------------------------
Including 52.0 55.0 3.0 9.5 334.0 0.0 0.6 0.9
--------------------------------------------------
LK-431 74.0 78.5 4.5(i) 2.1 45.1 0.0 1.1 6.4 Tuff Zone
--------------------------------------------------
LK-433 16.8 60.5 43.7(i) 1.1 4.5 0.0 0.0 0.5 90 Gold Zone
--------------------------------------------------
including 16.8 27.0 10.2 2.9 7.1 0.0 0.0 0.0
--------------------------------------------------
LK-433 104.5 117.8 13.3(i) 3.4 38.4 0.1 0.5 0.2 PM Gold Zone
--------------------------------------------------
including 110.0 117.8 7.8 5.2 53.2 0.1 0.8 0.1
--------------------------------------------------
LK-434 East Zone
massive
79.3 101.4 22.1 1.1 9.9 0.2 0.0 11.1 sulfide
--------------------------------------------------
LK-434 East Zone
stringer
101.4 107.5 6.1 3.3 9.4 0.1 0.0 4.0 sulfide
--------------------------------------------------
LK-435 31.0 43.0 12.0(i) 1.1 5.8 0.0 0.0 0.0 90 Gold Zone
--------------------------------------------------
LK-436 Pinwheel Zone
gossan and
11.0 31.5 20.5(i) 2.8 263.5 2.2 0.0 0.0 sulfide
--------------------------------------------------
including Pinwheel Zone
12.7 17.5 4.8 5.1 59.6 0.4 0.0 0.0 gossan
--------------------------------------------------
including Pinwheel Zone
massive
18.4 21.4 3.0 1.1 459.5 6.6 0.0 0.0 sulfide
--------------------------------------------------
LK-437 37.8 52.5 14.7 3.3 48.1 0.1 0.0 0.0 NS Gold Zone
--------------------------------------------------
LK-437 67.0 73.0 6.0 34.0 487.7 0.1 0.0 0.1 NS Gold Zone
--------------------------------------------------
LK-438 Hinge Zone
massive
70.2 108.4 38.2 1.1 12.8 0.2 0.1 13.9 sulfide
--------------------------------------------------
including 70.2 76.0 5.8(i) 1.7 17.2 0.4 0.0 8.6
--------------------------------------------------
including 100.0 108.4 8.4(i) 1.1 23.2 0.1 0.3 14.6
--------------------------------------------------
LK-439 23.6 30.2 6.6 3.1 2.1 0.0 0.0 0.0 NS Gold Zone
--------------------------------------------------
LK-440 18.2 23.8 5.6 4.3 42.6 0.3 0.0 0.1 NS Gold Zone
--------------------------------------------------
LK-441 16.7 20.1 3.4 2.9 5.1 0.0 0.0 0.0 NS Gold Zone
--------------------------------------------------
LK-442 Hinge Zone
massive
60.6 92.0 31.4 1.0 13.1 0.1 0.1 10.4 sulfide
--------------------------------------------------
including 60.6 69.5 8.9(i) 1.1 11.4 0.1 0.0 11.5
--------------------------------------------------
(i) Intercepts outside current resource model
(ii) Drilled thickness, not true thickness
Other Results
-- LK-425: Intersected 7.5 meters of massive sulfide that assayed 10.9%
zinc and 4.5 meters of underlying stringer assaying 6.1 g/t gold and
62.7 g/t silver in the East Zone.
-- LK-426: Confirmed current East Zone resource thickness by intersecting
12.8 meters of 4.2 g/t gold in near surface gossan and massive sulfide.
-- LK-427: Defined inferred gold-rich East Zone stringer with 31.8 meters
of 2.6 g/t gold including 19.8 meters of 3.1g/t gold.
-- LK-428: Expanded Hinge massive sulfide and stringer with 15.6 meters
outside of resource model assaying 3.2% zinc and 1.5 g/t gold.
-- LK-434: Defined additional East Zone and inferred stringer by
intersecting 22.1 meters of massive sulfide assaying 11.1% zinc and 1.1
g/t gold, and 6.1 meters of 3.3 g/t gold in stringer sulfide.
-- LK-435: Expanded the eastern 90 Zone by intersecting 12.0 meters of 1.1
g/t gold outside the current resource.
NS Gold Zone In-Fill
-- LK-439: Intersected 6.6 meters of 3.1 g/t gold.
-- LK-440: Intersected 5.6 meters of 4.3 g/t gold and 42.6 g/t silver.
-- LK-441: Intersected 3.4 meters of 2.9 g/t gold.
Pending Holes
Resource drilling is now complete with an additional 37 holes with assays pending.
Sample preparation and analyses for this release were conducted by Inspectorate Labs of Sparks, NV, on split drill core supplied by Aquila. Strict sampling and QA/QC protocol are followed, including the insertion of standards and blanks on a regular basis. Sample intervals are typically 1.5 meters. Analytical method for gold is fire assay with atomic adsorption finish and gravimetric finish for samples greater than 3.0 g/t Gold. All other elements are analyzed by ICP with silver overlimits (greater than 200 g/t) analyzed by fire assay/gravimetric finish and base metal overlimits analyzed by AAS.
Thomas O. Quigley is the Qualified Person for Aquila as described in NI 43-101 and is responsible for the contents of this release.
More information about Aquila and the Back Forty Project, including updated drilling information, can be found on the Company's website at www.aquilaresources.com.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 81,791,779
CONTACT INFORMATION:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
info@aquilaresourcesinc.com
or
Aquila Resources Inc. (U.S.)
Thomas O. Quigley
President
906-753-9602
tquigley@aquilaresources.com
www.aquilaresources.com
Aquila Acquires Michigan Gold Properties and Drilling Has Begun
TORONTO, ONTARIO--(Marketwire - Nov. 1, 2010) - AQUILA RESOURCES INC. (TSX:AQA)(FRANKFURT:JM4A) ("Aquila" or the "Company") today announced that it has acquired under option a package of gold properties located in the Marquette Greenstone Belt in the Upper Peninsula of Michigan. Drilling of approximately six to eight holes has commenced on one of several exploration targets expected to be drilled in 2010 and 2011. Acquisition of the gold properties are part of a corporate diversification strategy by Aquila to expand its portfolio of assets outside its current 49% interest in the Back Forty Joint Venture with HudBay Minerals Inc. (TSX:HBM)(NYSE:HBM) ("HudBay").
"Our exploration focus going forward will be to acquire, explore and develop gold properties for Aquila in concert with exploration and development of additional base metal properties with joint venture partner HudBay under our recently signed Exploration Alliance Agreement," stated Tom Quigley, President and CEO of Aquila. "This acquisition of high potential exploration stage gold projects takes advantage of our exploration expertise in the State of Michigan and diversifies Aquila's mineral property interests."
With the acquisition of the Michigan gold properties, Aquila has three key assets in its portfolio:
1) 49% interest in the Back Forty Joint Venture
2) Strategic Exploration Alliance funded by HudBay
3) Aquila optioned gold interests
These mineral interests are located in the Upper Peninsula of Michigan, and the company views the region as having excellent mineral potential as evidenced by recent discoveries, including the Eagle Nickel Copper Deposit by Kennecott, as well as the Back Forty Zinc Gold VMS Deposit. Historically, the Upper Peninsula has produced significant amounts of copper and iron ore, and lesser amounts of gold and silver.
MICHIGAN GOLD PROPERTIES
Drilling has commenced on the Peninsula Property located in the Archean-aged Marquette Greenstone Belt and is part of a package of mineral interests acquired by Aquila in this area. The Peninsula Property contains a number of targets within a 300 acre area that has seen small scale mining and prospecting activity in the early 1900's, and limited exploration during the 1980's and 1990's. The Peninsula target is a broad zone of shearing and quartz carbonate alteration partially tested by Callahan Mining Corporation, the operators of the Ropes Gold Mine during the 1980's located two miles to the northeast of the Peninsula Property. Historical drilling by Callahan reported values up to 11.3 g/t gold over 5.5 meters at the Peninsula Property.
Under the terms of the Option Agreement, Aquila can earn an interest in 332 acres of surface and mineral land and 1,799 acres of mineral rights owned by the vendor in the Marquette Greenstone Belt. To earn a 100% interest in the properties, the Company must make cash payments totaling $100,000 over four years, issue 400,000 shares (100,000 upon signing) over four years, and complete a total of $950,000 of work expenditures over four years. In order to complete a 100% acquisition of the properties, Aquila must purchase the mineral and surface rights owned by the vendor for $1300 per acre. A net smelter return royalty ranging from 1% to 4% is payable in the event of mineral production from the properties.
The properties under Option are owned by Minerals Processing Corporation - a related party to Aquila with common directors and officers. The Option and transaction were approved by the non-related party directors of Aquila.
BACK FORTY JOINT VENTURE
On October 15, 2010, Aquila and HudBay announced a new mineral resource estimate at the Back Forty Joint Venture project (see Aquila press release dated October 15, 2010). The new resource contains 18.1 million tonnes in the measured and indicated category with nearly one million ounces of contained gold and over one billion pounds of zinc. The potential open pit contains approximately 16.4 million measured and indicated tonnes.
The first drill hole in an exploration program targeting mineralization below the resource pit shell intercepted two zones of massive sulfide and gold mineralization including an upper zone of 6.02 meters of 8.14 g/t gold, 312.2 g/t silver and 7.99% zinc, as well as a lower zone of 69.67 meters of 1.11 g/t gold, 27.0 g/t silver and 1.30% zinc, including 6.23 meters of 6.39 g/t gold and 94.27 g/t silver. Two drills are active at the project with plans to add a third drill in the near future.
EXPLORATION ALLIANCE
Aquila also announced in the October 15, 2010 press release, the signing of an Exploration Alliance Agreement with HudBay to explore for base metal deposits in the Upper Peninsula. Under the terms of the agreement HudBay has made a $250,000 payment to Aquila and will subsequently make a US$2 million equity investment into the Company. Under the terms of the agreement, HudBay may fund up to $2 million in exploration expenditures on specific properties at which time a 50/50 joint venture would be established. HudBay can then elect to increase its interest to 65% by completing a feasibility study and submitting required mine permit applications under a structure similar to the current joint venture agreement at the Back Forty Project.
The Exploration Alliance will potentially benefit Aquila shareholders by enabling the Company to acquire and explore new properties on a non-dilutive basis, particularly during the early phase of exploration when the risk is very high.
Thomas O. Quigley is the Qualified Person for Aquila as described in National Instrument 43-101, and is responsible for the contents of this release.
More information about Aquila and the Back Forty Project, including updated drilling information, can be found on the Company's website at www.aquilaresources.com and at www.sedar.com.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 82,296,013
CONTACT INFORMATION:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
rdunbar@aquilaresources.com
or
Aquila Resources Inc. (U.S.)
Thomas O. Quigley
President
906-753-9602
tquigley@aquilaresources.com
www.aquilaresources.com
Den fairen Wert zu berechnen??? Sie bohren mindestens seit 5 Jahren. Das Gelände sieht wahrscheinlich wie Käse dort aus. Wenn jemand mal die berechnete Werte, die da unten liegen, rausholen würde, ja da hätte man mal mit der Berechnung etwas anfangen können. Aber Spaß zur Seite. Was meinst Du, wann es dazu kommen könnte?
entsprechend dem Marktwert anderer vergleichbarer Explorer mal
rauszufinden, ob AQA schon überbewertet oder noch unterbewertet
ist. Immerhin lag sie Ende 2006 schonmal bei 1,60 EUR.
Und wenn ein Unternehmen wie Hudbay mit 2 Mrd. EUR Marktkap.
50% von Back Forty übernimmt, gehe ich davon aus, daß die wissen,
was die tun! Unsere AQA mit 68 Mio EUR MK wäre doch auch was
für Hudbays Portokasse, oder?
Was spricht dagegen? Was dafür? Wann wäre es üerhaupt für
Hudbay sinnig, AQA zu übernehmen?
Aquila Completes 20 Drill Holes at Michigan Gold
TORONTO, ONTARIO--(Marketwire - Jan. 5, 2011) - AQUILA RESOURCES INC. ("Aquila") (TSX:AQA)(FRANKFURT:JM4A) today announced developments relating to its Michigan Gold Project located in the Upper Peninsula of Michigan. The Company is pleased to report that it has completed a total of 20 exploration holes at its 100% Aquila owned Peninsula Gold prospect with assays pending.
Michigan Gold Project (100% Aquila owned)
The Michigan Gold Project consists of a number of gold prospects in the Marquette Greenstone Belt in the Upper Peninsula of Michigan. An initial 20 widely-spaced holes have been drilled on the Peninsula Gold Target, the first of several gold targets in the area which are slated for drilling in 2011. The property is approximately 70 km north of the Back Forty Project and 3 km west of the Ropes Gold Mine, a former gold producer most recently operated in the 1980's by Callahan Mining Corp.
Initial drilling at the Peninsula target focused on a zone of shearing, silicification, and gold mineralization partially defined by Callahan Mining during the operation of the Ropes Mine. The current drilling was designed to further define and expand the Peninsula Shear Zone, and encountered a zone of shearing, brecciation and quartz carbonate veining. The 20 holes were drilled over a strike length of approximately 300 meters. Assays are expected shortly from the initial holes drilled.
Aquila's strategy for its Michigan Gold Project is to demonstrate the highly prospective nature of the Marquette Greenstone Belt and to build significant gold resources. The Company is actively acquiring additional mineral interests in the Greenstone Belt, including areas of extensive alteration, gold showings and partially drilled, non 43-101 compliant resources from previous exploration activities. Aquila will begin drilling at a second gold prospect while results from the Peninsula gold target are compiled and modelled.
Back Forty Project (currently 49% Aquila owned)
Joint venture operator, HudBay Minerals Inc. ("HudBay") (TSX:HBM)(NYSE:HBM) has announced a 2011 budget of $16 million for the Back Forty Project which includes approximately $5 million for exploration drilling (24,000 meters) with the balance for development activities at the project. Drilling activities will follow up on significant intersections down-plunge of the existing resource as well as a number of near-surface targets that have been generated by surface and airborne EM surveys at the project. Drilling has now commenced at the project after a short holiday break with two drill rigs operating, and a third expected later this month. Significant results will be announced as received.
Thomas O. Quigley is the Qualified Person for Aquila as described in National Instrument 43-101, and is responsible for the contents of this release.
More information about Aquila and the Back Forty Project, including updated drilling information, can be found on the Company's website at www.aquilaresources.com and at www.sedar.com.
This press release contains certain forward-looking statements. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to international operations; risks related to joint venture operations; actual results of current exploration activities; changes in project parameters as plans continue to be refined, future prices of resources; possible variations in reserves, grade or recovery rates, accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Shares Outstanding: 82,656,711
CONTACT INFORMATION:
Aquila Resources Inc. (Toronto)
Robin Dunbar
CFO
416-203-1404
rdunbar@aquilaresources.com
or
Aquila Resources Inc. (U.S.)
Thomas O. Quigley
President
906-753-9602
tquigley@aquilaresources.com
www.aquilaresources.com
http://www.marketwire.com/press-release/...ration-TSX-AQA-1405232.htm
Regelmäßig Bohr-Updates, aber keinerlei richtige Ergebnisse..........
Hat sich inzwischen bei den Bohr-/Abbau-Lizenzen etwas getan, oder dürfen die immer noch nur "Proben" nehmen?
Gruß