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Aquila Resources Inc T.AQA


Primary Symbol: AQARF

Aquila Resources Inc is in the business of exploring for and developing mineral properties. It operates in two geographical areas, the United States and Canada. It has three assets, the Back Forty Project located in Michigan's Upper Peninsula; Bend Project and Reef Project, are found along the mineral-rich Penokean Volcanic Belt. The area hosts multiple deposit types including VMS, magmatic copper-nickel and stratiform copper.


OTCQB:AQARF - Post by User

Bullboard Posts
Comment by morriconeon Oct 15, 2010 2:40pm
212 Views
Post# 17570409

RE: At least 2.2 billions sleeping in Back Forty

RE: At least 2.2 billions sleeping in Back FortyThere's a lot of nuggets in this release such as:

"The Upper Zone closely resembles the Tuff Zone massive sulfide, and represents a step-out of approximately 100 meters from the modeled edge of the resource to the east. The deeper horizon is likely the equivalent of the Deep Zone massive sulfide, and represents a step-out of nearly 330 meters from modeled mineralization to the east. Both horizons remain open in all directions and future drilling will be directed at expanding these potentially important intercepts. The number of drill rigs working at the site will be increased to three from one."

This strongly indicates that the resource will continue to grow and overall is probably significantly larger than the current numbers although it will take a lot more drilling to prove that out. We should be getting a  lot of good drilling results coming up in the months ahead.
Bullboard Posts