Aquila Resources has updated the exploration program and has announced preliminary assay results from the Reef Gold project in Wisconsin, USA.
The company has completed the summer drill campaign, totaling 22 drill holes, along two outlines for expanding the prominent mineralization zones at the Reef project. The target of this campaign was to discover the extension of shallow gold mineralization at depth and along strike.
Since gold exists continuously in the silicified breccia zones and quartz stockwork veins, the south expansion has been revealing analogous features that are identical to these key zones.
The company has intersected 8.12 g/t gold over 3.0 m in the hole GBP-3, 1.07 g/t gold over 12.47 m in the hole R11-6, 1.70 g/t gold over 10.50 m in the hole R11-9 and 21.28 g/t gold, 0.33% copper over 9.26 m, 14.41 g/t gold and 0.30% copper over 14.76 m in the hole R11-11.
The CEO and President of Aquila, has stated that the company is delighted with the development of the project and would drill continuously to outline and expand the mineralized formation. The former unknown zones located southwest to the known resource have been displayed at the strong intercept of the hole R11-11.
Aquila has scheduled the drill program to continue during the fall and winter and the target is being shifted to the additional infill drilling to delineate the major mineralized gold zones that were discovered formerly by Noranda. The aim of the drilling will be to confirm the historic resource and bring it correspond with the NI 43-101 standards.