Aquila Announces Progress on Mineral Resource at Back Forty Project

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AQUILA RESOURCES INC. (TSE:AQA) (FRANKFURT:JM4A) announced that an updated National Instrument 43-101 mineral resource estimate is underway at the Back Forty Project in the Upper Peninsula of Michigan. The target completion date for the updated resource estimate is by year-end of 2010.

AQUILA RESOURCES INC. (TSX:AQA) (FRANKFURT:JM4A) announced that an updated National Instrument 43-101 mineral resource estimate is underway at the Back Forty Project in the Upper Peninsula of Michigan. The target completion date for the updated resource estimate is by year-end of 2010.

The press release is quoted as saying:

The new resource will reflect over 11,000 meters of additional drilling completed during 2009 and 2010, including substantial gold-only mineralization, which was not included in the previous mineral resource, calculated in January of 2009 (the “2009 Resource Estimate”; see resource details below). The majority of the holes targeted additional mineralization within a conceptual pit shell which, based on the 2009 Resource Estimate, contained 5.9 million tonnes of 2.46 grams per tonne (g/t) gold, 33.1 g/t silver, 4.06% zinc, and 0.61% copper.

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