Aquila Resources Inc. (TSX: AQA) (Frankfurt: JM4A) is a development-stage mining company focused on advancing high-grade poly-metallic assets in the Great Lakes region. Its recent business combination with REBgold Corporation, which included a capital infusion and acquisition of outstanding interest in its flagship asset, the Back Forty Project, from Hudbay Minerals, allows Aquila to realize its next set of value-creating milestones.
The Back Forty Project, a 100%-owned gold and zinc-rich volcanogenic massive sulfide (VMS) located along the mineral-rich Penokean Volcanic Belt in Michigan’s Upper Peninsula, currently demonstrates a 15.1Mt measured & indicated (M&I) resource containing close to 1M ounces of gold and 1B pounds of zinc. The deposit has significant upside potential and is currently moving towards pre-feasibility.
May 15, 2014: Aquila Resources Files Q1 2014 Results