Posted in | Gold | Copper | Silver | Zinc

Aquila Resources Reports New Drilling Results from Back Forty Project

Aquila Resources has announced the fresh drilling results from the Back Forty project. HudBay Minerals and Aquila have formed a joint venture for the Back Forty project, wherein now Aquila holds 49% and HudBay holds a 51% of interest in the project. Recently, this project has entered into the pre-feasibility phase and a mine permit application stays on track for the second quarter of 2012.

The company has cut 1.21% copper and 6.24% zinc over 9.12 m in the hole LK-501, 1.02 g/t gold and 108.11 g/t silver over 24 m in the hole LK-502 and 1.45 g/t gold, 54.89 g/t silver over 51.05 m in the hole LK-504.

The plan of the drill holes LK-498, 500, 504 and 505 were to examine the Tuff Zone mineralization in LK-479. The design of the step-out hole LK-499 at the west has to additionally outline the South Limb immense sulfide zone. The hole LK-501 has targeted the Deep zone’s upper part, which is rich in zinc. The intention of the holes LK-502 and 503 was to examine the geophysical responses of the downhole that was identified early in LK-479 and 484.

Preliminary modeling and correlation of the enormous deep sulfide prospect in LK-479, LK-493, and LK-503, along with the further drilling results of the hole LK-503, has shown a sheet-like body that plunges 67° to the southeast direction.

Aquila has cut the gold zone in the hole LK-484 and the zone may be associated with the huge deep sulfide horizons that have been discovered in the holes K-479, LK-493 and LK-503. Current correlation and modeling of the deposit will additionally outline this fresh potentially mineralized horizon and the Tuff zone mineralization intercepted in the hole LK-479.

In addition, the company has continued the infill drill program at the project and fresh deeper targets have been discovered by the new downhole geophysical surveys.

Source: http://www.aquilaresources.com/

Joel Scanlon

Written by

Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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