Aquila Resources Inc T.AQA

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[Almelinda]

Aquila drilling expands 90 zone 300 metres Aquila Resources Inc (C:AQA) Shares Issued 70,109,478 Last Close 1/11/2008 $0.70 Monday January 14 2008 - News Release Mr. Thomas Quigley reports AQUILA DISCOVERS NEW EXTENSIONS OF EAST ZONE AND 90 GOLD ZONES Aquila Resources Inc. has released its drill results from 14 holes drilled at the Back Forty project in Michigan's Upper Peninsula. Multiple intercepts demonstrate several new distinct zones of mineralization and enhance the overall precious metal enrichment of the deposit. The results: Extend the gold-bearing 90 gold horizon 300 metres along strike to the east; Expand the gold potential of the PM gold zone (the central porphyry intrusion); Define a new zinc-rich, massive sulphide zone south of the central porphyry intrusion in the East zone. Highlights include 10.6 metres of 28.1 per cent zinc in a new massive sulphide zone, six metres of 3.4 grams per tonne gold in siliceous sediments in an extension of the 90 gold zone and 1.3 metres of 14.1 g/t gold in the PM gold zone porphyry. Drilling targeting the PM gold zone encountered previously unknown massive sulphide mineralization as well as altered and gold mineralized siliceous sediments typical of those associated with the 90 gold zone. This new zone is 300 metres northeast of the 90 gold zone. The holes returned some of the highest zinc values encountered to date, as well as broad zones of gold mineralization associated with near-surface sediments and high-grade gold mineralization associated with porphyry margins. EAST END DRILL RESULTS All intervals in metres Est. ----------- true g/t g/t % % % Hole No. From To width Au Ag Cu Pb Zn LK-208 70.5 80.3 3.9 4.47 37.52 0.15 0.49 0.92 including 78.1 80.3 0.9 11.61 33.20 0.20 0.27 2.25 80.3 90.9 10.6 1.42 45.75 0.14 1.38 28.14 including 80.3 89.0 8.7 1.34 49.72 0.13 1.64 32.27 LK-209 75.0 81.4 6.5 0.26 10.44 0.25 0.11 13.55 LK-211 11.0 15.5 4.3 1.59 0.50 0.00 0.07 0.01 100.5 103.5 1.8 4.57 157.88 0.12 4.54 0.13 163.1 164.5 1.4(i) 9.48 155.61 0.21 2.06 0.74 LK-214 7.6 15.3 4.6 3.39 8.19 0.00 0.09 0.00 57.5 59.5 2(i) 3.53 73.13 0.05 2.97 0.04 76.6 98.1 16.0 1.02 18.82 0.05 0.45 13.16 LK-217 31.0 47.0 11.3 1.68 20.28 0.02 0.16 0.08 66.0 68.0 2(i) 0.64 15.35 0.01 0.26 1.83 110.5 114.5 3.2 0.43 9.99 0.03 0.21 2.44 LK-219 14.1 26.5 10.6 0.71 0.90 0.00 0.02 0.00 67.5 69.5 2(i) 5.32 350.70 0.10 6.94 1.34 LK-223 27.0 33.0 6.0 3.35 25.51 0.04 0.09 0.02 55.5 58.5 3(i) 1.20 81.48 0.02 1.00 0.61 67.0 74.5 7.5(i) 0.50 1.15 0.02 0.04 2.60 98.5 100.0 1.3 14.17 51.06 0.06 0.56 0.15 113.5 119.5 5.2 1.48 15.99 0.03 0.26 0.07 LK-225 40.5 59.0 18.5 1.44 14.36 0.02 0.19 0.32 LK-226 46.0 55.0 8.8 1.52 7.86 0.02 0.10 0.11 LK-229 12.6 16.0 3.4 2.08 3.41 0.00 0.04 0.01 86.6 92.1 4.0 3.63 91.39 0.10 1.18 0.75 LK-239 90.0 100.0 7.1 2.83 12.51 0.16 0.08 0.20 LK-243 127.8 137.0 9.2(i) 0.91 20.19 0.01 0.24 2.63 including 131.0 134.0 3.0(i) 2.83 62.74 0.04 0.75 8.16 LK-244 94.5 97.0 2.0 2.99 48.80 0.05 1.96 0.17 LK-247 No significant values (i) Drilled thickness, true thickness unknown 90 gold zone The 90 gold zone is associated with the shallow updip portion of tuffaceous sediments and chloritic tuffs, also associated with the Tuff zone massive sulphide. Further drilling is planned to expand the extent of these zones along strike and to depth. This sequence of sediments is also associated with the Tuff zone massive sulphide, and deeper drilling along this horizon will be required to test for the presence of this zone. PM zone Drilling at the PM zone continues to intercept significant mineralization associated with the central porphyry intrusion. Significant silver values continue to be intersected in the PM zone. More drilling is planned to continue definition of this precious metal-rich horizon. East zone The massive sulphide intercepts in LK-214 and LK-217 represent the first known extension of the East zone massive sulphide south of the porphyry, and although follow-up drilling to the east failed to intercept extensions, it remains open to the west. Expansion in this direction could result in eventual continuity with the South Limb massive sulphide. A map showing the latest drill holes, zone expansions, and general information about Aquila and the Back Forty project are available on the company's website. Tom Quigley, PGeo, president of Aquila, is the qualified person as described in National Instrument 43-101 for the Back Forty project and is responsible for the content of this press release. ) 2008 Canjex Publishing Ltd.