Aquila 2007 Drilling Intersects Multiple Mineralized Zones and Will Add Second Drill
Market Wire, April, 2007
AQUILA RESOURCES INC. (TSX VENTURE: AQA)(FRANKFURT: JM4A) ("Aquila" or the "Company") today announced initial drill results from the first two holes of the 2007 drilling program at its Back Forty Project in the Upper Peninsula of Michigan. Drilling intersected high grade zinc values in the Tuff (2.92 meters of 21.65% zinc) and Main Zones (23.23 meters of 7.96% zinc) as well as significant gold and copper values. Gold was contained both in wide copper enriched stringer zones (31.88 meters of 2.73 g/t gold and 0.33% copper), and a high grade porphyry margin gold environment (2.5 meters of 37.22 g/t gold). Aquila now views the porphyry gold environment as an important new primary gold target.
LK-152 and LK-153 were drilled to further define the south dipping Tuff Zone and underlying Main Zone South Limb massive sulfides, as well as to test for deeper sulfide and gold mineralization. Stringer zone intercepts below the South Limb appear to be spatially related to the Deep Zone massive sulfide, and may significantly expand this poorly defined region of massive and semi massive sulphide base metal and gold mineralization.
A summary of results in the two holes are:
---------------------------------------------------------------------------
Summary Drill Results LK-152 and LK-153
---------------------------------------------------------------------------
All Intervals
in Meters Drilled g/t g/t % % %
Hole # From To Width Au Ag Cu Pb Zn Description
---------------------------------------------------------------------------
Tuff Zone
LK-152 97.10 100.02 2.92 0.98 113.89 0.15 5.45 21.65 Massive Sulfide
Main Zone
160.76 183.15 22.39 1.61 21.98 0.47 0.04 5.27 South Limb
Main Zone
includes 160.76 174.50 13.74 1.07 12.91 0.13 0.04 8.18 South Limb
220.25 222.75 2.50 37.22 174.90 0.40 1.13 0.03 Porphyry Margin
273.40 323.20 49.80 1.78 8.75 0.52 0.05 0.03 Stringer Zone
---------------------------------------------------------------------------
Tuff Zone
LK-153 111.58 118.00 6.42 0.44 54.17 0.05 3.34 10.58 Massive Sulfide
Tuff Zone
includes 111.58 114.63 3.05 0.60 90.19 0.09 6.19 20.40 Massive Sulfide
Main Zone
197.63 220.86 23.23 0.70 15.31 0.10 0.06 7.96 South Limb
Main Zone
includes 197.63 208.50 10.87 0.44 15.48 0.05 0.04 11.91 South Limb
271.12 303.00 31.88 2.73 6.25 0.33 0.05 0.08 Stringer Zone
---------------------------------------------------------------------------
(i) Widths are apparent, not true widths
Porphyry Margin (PM Gold Zone)
The high grade porphyry margin gold intercept in LK-152 is one of a number of significant gold intercepts encountered along the north margin and interior of a quartz feldspar porphyry intrusive which extends along the axial plane of the folded stratigraphy hosting the Back Forty massive sulfides. Drilling in the central region of the fold has delineated a gold mineralized zone - the PM Gold Zone - for 140 meters of strike length and 230 meters down dip, straddling the porphyry margin and extending into the porphyry and adjacent rhyolites. Intercepts from this zone, which remains open, are summarized in the following table:
---------------------------------------------------------------------------
PM Gold Zone Intercepts
---------------------------------------------------------------------------
All Intervals Est.
in Meters True g/t g/t
Hole # From To Width Au Ag Description
---------------------------------------------------------------------------
LK-80 Ext. 229.0 235.0 5.7 32.9 189.4 Porphyry margin
LK-79 351.8 356.6 2.9 4.0 4.7 Porphyry margin
LK-90 299.8 302.1 2.0 20.4 359.0 Porphyry margin
108431 430.5 458.0 11.1 5.1 49.5 Porphyry interior
108430 211.0 216.5 4.5 3.4 44.7 Porphyry margin
104418 211.5 220.0 6.3 15.2 128.0 Porphyry margin
LK-149 131.1 142.9 10.4 10.9 36.4 Porphyry Margin
LK-150 185.5 214.0 10.3 6.9 62.9 Porphyry Margin / Stringer
LK-152 220.3 222.8 2.0 37.2 174.9 Porphyry Margin
LK-153 271.1 303.0 15.2 2.7 6.3 Porphyry Margin / Stringer
---------------------------------------------------------------------------
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


