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Aquila Resources Inc.
Summary
| Project: | Back Forty | |
|---|---|---|
| Deposit: | Back Forty | |
| Location: | United States | |
| Commodities: | Gold-Silver-Zinc-Copper-Lead | |
| Date: | 2/7/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 7-2-2018: Aquila Resources Inc. announces a Resource Estimation report for its Back Forty deposit at the Back Forty project. Updated mineral resource estimate at project. This report titled “Updated Mineral Resource Estimate and Technical Report on the Ba | |
| Resources: | (Resource): 16.6Mt @ 1.9g/t Au, 25g/t Ag, 3.1% Zn (M+I) + 1.2Mt @ 3.4g/t Au, 43g/t Ag, 1% Zn (Inf) | |
| CP/QP: | [Resources]: Yungang Wu, Eugene Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | This report titled “Updated Mineral Resource Estimate and Technical Report on the Back Forty Project, Michigan, USA” (“Report” or “Technical Report”), was prepared to provide a National Instrument 43-101 (“NI 43-101”) Technical Report on the polymetallic (zinc + gold + copper + silver + lead) volcanogenic massive sulphide (“VMS”) Back Forty Deposit (the “Project” or “Property”) located in Menominee County, Michigan. The Back Forty Property is 100% owned by Aquila Resources Inc. (“Aquila” or the “Company”). Aquila is a public, TSX listed, company trading under the symbol “AQA”. The Back Forty Deposit was originally discovered in 2002. Since that time, Aquila, in conjunction with various joint venture partners, has advanced the Project to its current stage of exploration and development. To date, 741 drillholes totalling 128,670 m have been completed. Numerous technical studies have been completed throughout this time period to advance the Project towards permitting and production. Advanced studies to date include environmental baseline, geological, geophysical, hydrogeological, geotechnical, mining and metallurgical studies. The results of these exploration and development activities have been incorporated into past Mineral Resource Estimates and Preliminary Economic Assessment (“PEA”) reports (most recently completed in 2014) and have been incorporated into ongoing permitting activities. Aquila is also currently completing a Feasibility Study on the Project that is expected to be released this year. | |
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