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Aquila Resources Inc.
Summary
| Project: | Back Forty | |
|---|---|---|
| Deposit: | Back Forty | |
| Location: | United States | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 22-11-2016: Aquila Resources Inc. announces an Exploration/Drilling Update report for its Back Forty deposit at the Back Forty project. Drilling results incl. 6.00m @ 5.01g/t Au, 27.34g/t Ag, 0.02% Cu from 56.00m. TORONTO, ON – November 22, 2016 - Aquila | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Thomas O. Quigley (Internal) | |
| ABSTRACT: | TORONTO, ON – November 22, 2016 - Aquila Resources Inc. (TSX: AQA) (“Aquila”), a permitting-stage company advancing its gold- and zinc-rich Back Forty Project in Michigan’s Upper Peninsula, today announced the final drill results of its recently completed 2016 exploration program consisting of 1,786 meters of drilling in 10 holes. The exploration program focused on targeting potential extensions of known mineralized zones as well as new targets proximal to the Back Forty deposit. The final drill results include assay results from two holes that the Company announced on September 27, 2016, indicating the discovery of a new mineralized zone at Back Forty. “Our 2016 exploration program produced very encouraging results,” said Barry Hildred, CEO of Aquila Resources. “Drilling resulted in the discovery of a new, zinc-rich mineral zone that is consistent with the poly-metallic mineralization of Back Forty’s Main zone. This discovery provides the potential to add to Back Forty’s mine life. We will explore this potential more fully with our exploration program slated for 2017.” The 2016 drilling campaign identified new zinc rich massive and semi massive sulfide zones to the southwest of the Back Forty deposit. A discreet zone of massive sulfide in LK-16-515, 516 and 517 remains open along strike to the northeast and southwest as well as at depth. This new zone lies approximately 400 meters southwest of the proposed open pit, and may eventually prove to be continuous with underground resources extending southwest from the pit. Additionally, strong geophysical trends have identified targets for an additional 500 meters to the southwest. | |
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