Aquila Resources Inc. (fka AQARF)

[Saving Grace]

That is old information! This is more recent and up to date which was put out a month after your old information was posted.

MENOMINEE COUNTY, Mich. (WLUC) - Aquila Resources has started a winter drilling operation at the Back Forty project in Menominee County, the company announced Tuesday morning.

Aquila says its 4,600 meter drilling operation aims to expand known resources in the area that is rich with zinc and gold.

According to Aquila, the operation will use two diamond drills. One drill will focus on infill and step out drilling on the known resource at Back Forty.

The Back Forty project in Lake Township is still in the permitting process. In late December 2016, the Michigan Department of Environmental Quality issued two permits: a final Nonferrous Metallic Mineral Mining Permit and a Michigan Air Use Permit to Install. Two additional necessary permits, a National Pollution Elimination System permit and a permit for wetland impacts are still under consideration.

Aquila explained more of its winter drilling operation in a press release Tuesday morning:

"The focus of the infill and step out program is to expand known resources associated with potential underground mining as well as to convert inferred resources into measured and indicated categories. Drilling will target the southwest extension of the Pinwheel massive sulfide zone as well as Main zone and Deep zone massive sulfide and gold mineralization.

Exploration drilling will target strong electromagnetic and gravity anomalies south of the Back Forty deposit and will further define and expand the new zone of massive sulfide discovered in 2016.

In addition to the planned drilling program, recently drilled geotechnical holes at Back Forty have intercepted inferred resources of the Pinwheel massive sulfide zone. These drill holes are currently in the process of being sampled and assayed.

Initial results from the planned drill program and the recently drilled geotechnical holes are expected in April 2017.

The winter drilling program is consistent with the funding objectives of Aquila's recently completed private placement."

I'm buying but it seems nobody is selling at these basement prices. This was released through their local news network.

http://www.uppermichiganssource.com/content/news/Aquila-begins-winter-drilling-operation-at-Back-Forty-project-414347823.html