Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
AQUILA RESOURCES RECEIVES US$7.4 MILLION PAYMENT FROM OSISKO GOLD ROYALTIES UNDER STREAMING AGREEMENT
TORONTO, Oct. 5, 2018 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company") announced today that it has received a payment of US$7.4 million from an affiliate of Osisko Gold Royalties Ltd ("Osisko") under the gold streaming agreement entered into on November 8, 2017 (the "Streaming Agreement"). This payment represents the second deposit of the total advance payment of US$55 million to be made by Osisko under the Streaming Agreement (see press release of November 9, 2017). The payment, which was made net of a US$100,000 capital commitment fee, follows the receipt by Aquila of all material permits required for the development and operation of its Back Forty Project in Michigan and the completion of the Back Forty Project Feasibility Study.
Aquila currently has approximately US$17.4 million in cash and is well-funded to advance its planned pre-construction activities. Shares Outstanding: 337,974,556
No update since Feb. A little transparency would be nice.
Come on Aquila Resources (AQARF) What's going on!
AQARF is its ticker in the U.S. as it is a Canadian company. It's traded on the Toronto exchange with the ticker AQA.TO
No difference, same company. Hope that helps.
What's the difference between aqarf and aqa ???
NEWS Out! Final Permit received!!!
http://www.uppermichiganssource.com/content/news/Michigan-agency-grants-final-permit-for-Upper-Peninsula-mine-484670491.html
Michigan regulators have issued the final required permit for a proposed open-pit mine in the Upper Peninsula near the Wisconsin line, although the company will have to take additional steps to protect natural resources.
The Michigan Department of Environmental Quality says the wetlands permit requires Aquila Resources to produce a stronger groundwater modeling and monitoring plan.
The mining company also must develop measures to prevent spills of chemicals used and stored at the site and pollution from waste rock.
Also required is a plan for eventual closure that will protect surface and ground water.
Aquila's Back Forty project would produce gold, zinc and copper near the Menominee River.
The Menominee Indian Tribe and other opponents say they're disappointed with the DEQ decision and will continue fighting the planned mine.
News out!
Fri 8:20 AM, Mar 09, 2018 TORONTO, Canada. (Aquila Resources Inc.) Aquila Resources Inc. announced today that the United States Environmental Protection Agency has provided comments to the Michigan Department of Environmental Quality regarding the Company's wetland/stream/floodplain permit application for its Back Forty Project in Michigan.
The EPA has had 90 days since December 8, 2017, when the MDEQ deemed the Company's Wetlands Permit application administratively complete, to provide comments.
The EPA's opportunity to comment on the application is subject to strict statutory processes, regardless of the significance of the comments. The Michigan Department of Environmental Quality now has 90 days from March 8, 2018, to work with Aquila to resolve the comments made by the EPA and to provide the requested information.
This information request, which is required to be framed as an "objection" to the issuance of the Wetlands Permit by the MDEQ, raises issues that the Company believes have already been reviewed through other state-issued permits that have been granted for the Back Forty Project. Aquila believes the issues are readily addressable.
The Company is confident that it can work with the MDEQ within the prescribed timeframe to provide the additional information requested by the EPA.
Aquila has taken great care to design a project that meets and exceeds applicable environmental standards and is committed to ensuring that the Back Forty Project is a safe, disciplined operation that promotes and supports local community socio-economic development and is protective of the environment.
http://www.uppermichiganssource.com/content/news/Aquila-Resources-Provides-Permitting-Update-476367983.html
That was thrown out of court.
TORONTO, March 2, 2018 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company") announced today the filing of its financial results for the fourth quarter and year ended December 31, 2017. All amounts, unless indicated, are reported in U.S. dollars.
FOURTH QUARTER HIGHLIGHTS
In December 2017, the Michigan Department of Environmental Quality ("MDEQ") deemed Aquila's wetland/stream/floodplain permit application for the Back Forty Project administratively complete and the regulatory technical review process can now move to the next stage. This is final required permit to operate and build the Back Forty Project.
The Company closed a financing transaction with Osisko Bermuda Limited ("OBL"), a wholly owned subsidiary of Osisko Gold Royalties Ltd (TSX & NYSE: OR) pursuant to which OBL has agreed to commit $65 million to Aquila through a $10 million private placement and $55 million gold stream purchase agreement. OBL purchased 49,173,076 units of Aquila at a price of C$ 26 cents per unit for aggregate gross proceeds of $10 million (the "Strategic Investment"). Each unit consists of one common share and one-quarter of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company for C$ 34 cents until May 10, 2021. Concurrent with the Strategic Investment, the parties have entered into a Gold Purchase Agreement (the "Stream") whereby OBL will purchase 18.5% of the refined gold from the Project (the "Threshold Stream Percentage") until the Company has delivered 105,000 ounces of gold (the "Production Threshold"). Upon satisfaction of the Production Threshold, the Threshold Stream Percentage will be reduced to 9.25% of the refined gold. In exchange for the refined gold delivered under the Stream, OBL will pay the Company ongoing payments equal to 30% of the spot price of gold on the day of delivery, subject to a maximum payment of $600 per ounce. In consideration for the Stream, OBL will make four upfront deposit payments to Aquila totaling $55 million, including $7.5 million which was received on close.
The Company released the final results from the Company's 2017 exploration drill program at the Back Forty Project. The drilling program was designed to test the along-strike extension of the 2016 Zone massive sulphide. The results included 1.27 g/t gold, 15.78 g/t silver, 12.17% zinc, over 7.09 meters (drilled thickness) in LK-17-537.
The Company also completed its estimates of capital costs and operating expenditures for the Feasibility Study for the Back Forty Project. Key progress included frozen layout, optimized flow sheet and overall reduction to environmental footprint including water, wetlands and air impacts.
In December of 2017, the State of Wisconsin passed AB 499, the Mining for America Act which, amongst other things, repealed a decades old moratorium on non-ferrous mining in the state. Aquila is currently evaluating its strategy in Wisconsin where it has two earlier stage exploration assets.
As at December 31, 2017, Aquila had cash of $17.2 million and working capital of $15.5 million. This compared to cash of $1.4 million and working capital of $0.6 million at December 31, 2016. The working capital increase was due to the Strategic Investment and the first advance under the Stream in November 2017, the private placement in February 2017 and warrant exercises during Q3 2017 offset by the funding of the Company's permitting activities and development of the Feasibility Study.
POST QUARTER HIGHLIGHTS
In February 2018, the Company announced an updated Mineral Resource Estimate for the Back Forty Project (the "2018 Mineral Resource Estimate"). Highlights of the 2018 Mineral Resource Estimate include a 10% increase in tonnage in the Measured and Indicated Mineral Resource categories versus the prior 2013 Mineral Resource Estimate, a 12% increase in contained zinc and a 4% increase in contained gold. Contained silver, copper and lead also increased versus the 2013 Mineral Resource Estimate.
The Menominee Indian Tribe of Wisconsin recently filed a federal lawsuit in the Eastern District of Wisconsin against the Environmental Protection Agency and the US Army Corps of Engineers, claiming that the federal government should exercise jurisdiction over the wetlands permitting process currently being administered by the State of Michigan and require Aquila to obtain a federal wetlands permit. Both federal agencies rejected this argument when it was presented to them last year, and Aquila anticipates that their position that the State of Michigan is properly exercising its delegated authority to issue a Wetlands Permit will be vindicated by the federal court.
Appointed Michael Welch as Chief Operating Officer ("COO") effective March 1, 2018. As COO, Mr. Welch will assume responsibility for the Company's activities at its Back Forty Project in Michigan where he will lead operational readiness and help drive the seamless integration from project to operations. He will also oversee stakeholder engagement, compliance, sustainability, and the Company's regional strategy. Mr. Welch has more than 25 years of experience in the mining and mineral exploration industry covering grassroots exploration, mine geology/exploration, project management and executive operations management. Prior to joining Aquila, Mr. Welch was the Managing Director and President of the Board of Directors for Lundin Mining Corporation's ("Lundin") Somincor Operations, which include the Neves-Corvo copper and zinc mine in Portugal. Prior to that, he was responsible for the construction completion and start-up of operations for Lundin's Eagle Mine in Northern Michigan, U.S.A. Before joining Lundin, Michael was the Vice President of Operations for Xstrata Nickel's Raglan Operation in Quebec, Canada.
"2017 was a year of considerable progress and achievement for Aquila as we continued to advance the Back Forty Project towards a construction decision," said Barry Hildred, President and Chief Executive Officer of Aquila. "The Company will continue to work with the MDEQ to address any questions concerning the wetlands permit and we anticipate a permit decision in the first half of 2018. In parallel, we are moving ahead on a number of key initiatives including finalizing the Back Forty Feasibility Study, developing an exploration strategy for Back Forty and our earlier stage assets in Wisconsin, continuing to enhance our leadership team, and considering the strategic and financial options available to the Company."
TORONTO, March 1, 2018 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company") announced today that Michael Welch has been appointed Chief Operating Officer ("COO"), effective immediately.
With more than 30 years of experience, Mr. Welch was previously the Managing Director and President of the Board of Directors for Lundin Mining Corporation's ("Lundin") Somincor Operations, which include the Neves-Corvo copper and zinc mine in Portugal. Prior to that, he was responsible for the construction completion and start-up of operations for Lundin's Eagle Mine in Northern Michigan, U.S.A. Before joining Lundin, Michael was the Vice President of Operations for Xstrata Nickel's Raglan Operation in Quebec, Canada.
Michael will assume responsibility for the Company's activities at its Back Forty Project in Michigan where he will lead operational readiness and help drive the seamless integration from project to operations. He will also oversee occupational health and safety, environment, stakeholder engagement and sustainability, exploration and the Company's regional growth strategy.
"We are excited that Mike is joining our senior leadership team. His experience and leadership skills will be highly valuable to the successful development of the Back Forty Project," said Barry Hildred, President and Chief Executive Officer of Aquila. "Mike has a successful track record of building and improving profitable mining operations, including at Lundin's Eagle Mine in Michigan's Upper Peninsula where he served as General Manager. We look forward to benefiting from his hands-on approach in the areas of business improvement, health and safety, sustainability, project evaluation and strategic planning."
Mr. Welch commented, "My family and I are excited to return to the Upper Peninsula to be a part of the Stephenson community and the Aquila team. Guided by Aquila's business principles, Back Forty will be a safe, disciplined operation that promotes and supports local community socio-economic development and is protective of the environment."
The Company also announced that Andrew Boushy, VP Project Development has been appointed Senior Vice President, Projects.
Friday, November 17, 2017 10:00 PM
MENOMINEE — Aquila Resources has resubmitted its wetlands, lakes and streams permit application to the Michigan Department of Environmental Quality for the Back Forty Mine.
Aquila had re-filed (after originally submitting last January) the permit application in October, but more information was needed by the MDEQ. This is the final permit needed in Aquila’s application process.
Kristi Wilson, environmental quality specialist with MDEQ’s Water Resources Division, said it should take around three weeks for the MDEQ to review Aquila’s submission.
Wilson said she hadn’t begun to look into the submission yet, but normally a similar submission is 10 pages long, while Aquila’s is somewhere around 2,000 pages.
“There’s nothing usual about this,” she said.
Once the wetlands application is deemed administratively complete, then comes public notice. A requirement of the permit process is a public hearing held by MDEQ. This will be done within 60 days of the final application’s completion.
Public comment on the impact of regulated aquatic resources will be considered by MDEQ at this stage in the process.
In regards to the Menominee Indian Tribe of Wisconsin’s intent to sue, Wilson said on behalf of the Michigan Department of Environmental Quality, they are not commenting on the issue. But, on whether the tribe’s intent to sue changes anything for the MDEQ and Aquila moving forward with the Back Forty Mine, Wilson said, “it changes nothing for us.”
http://ehextra.com/Content/News/News-Articles/Article/Aquila-resubmits-permit-application/12/35/43636
Tribe intends to sue over mine project.
The Menominee Indian Tribe of Wisconsin has put the federal government on alert in regards to Aquila’s Back Forty Mine project: It intends to sue.
Janette Brimmer, the attorney with Earthjustice who is representing the tribe on violations under the Clean Water Act, said a 60-day notice is required with a citizen suit. The Notice of Intent to Sue was filed on Monday with the U.S Environmental Protection Agency and U.S Army Corps of Engineers.
Earthjustice is a nonprofit environmental law organization with attorneys representing cases throughout the country; they represented the Standing Rock Sioux Tribe in the fight against the Dakota Access Pipeline.
There are certain treaty and trust protections that are made available to the tribe through federal law, said tribal chairman Gary Besaw. Those protections aren’t being met while the proposed mine application goes through the State of Michigan.
“If this stays as delegated to the state action, then none of these treaty and trust responsibilities and protections are afforded to us,” Besaw said.
More lawsuits, but, the mine is coming.
Aquila Resources Inc. price reversal
AQUILA RESOURCES Investor presentation.
http://www.aquilaresources.com/wp-content/uploads/2017/06/Aquila-Resources-Presentation-June-2017.pdf
One ounce per ton mined is unreal. The word in Stevenson Michigan is that this is the richest known deposite in North America. Unbelievable potential here.
From a local news agency......
http://www.uppermichiganssource.com/content/news/Aquila-releases-initial-results-from-its-spring-drilling-427043233.html
AQUILA RESOURCES RECEIVED NPDES PERMIT FOR ITS BACK FORTY PROJECT IN THE STATE OF MICHIGAN
That is old information! This is more recent and up to date which was put out a month after your old information was posted.
Thats OLD in fact ancient. This news is from the end of Feb.
This is the true story not that old data.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=128876772
Hello gap434! I was able to copy and paste the rejection letter from the MDEQ for the Wetland Permit submitted by Aquila. It is quite long but it brings up some interesting issues. Makes me more than a little nervous about this project succeeding. I might dump my stocks and invest elsewhere before I lose anything.
HERE IS THE PERMIT REJECTION LETTER FROM THE MDEQ I WAS TALKING ABOUT. YES, IT DOES EXIST. Sorry I couldn't just post it as a link. This worries me because I have heard the EPA is involved in this and it will not be as "easy" to get this permit. Also, Saving Grace, what meetings did you attend? Can you tell us more about what you have learned?
STATE OF MICHIGAN
DEPARTMENT OF ENVIRONMENTAL QUALITY
UPPER PENINSULA
RICK SNYDER
GOVERNOR
C. HEIDI GRETHER
DIRECTOR
January 26, 2017
Submission Number: 2NN-5PE0-MT3W
County: Menominee
MiWaters Site: 55-Aquila Resources Inc-Back Forty Project
Project Name: Back Forty
Andrew Boushy
E 807 Gerue Street
Stephenson, MI 49887
Dear Andrew Boushy:
SUBJECT: Correction Request
The Department of Environmental Quality (DEQ), Water Resources Division (WRD), has
received and reviewed your application. Based on the review, the application has been
determined to be incomplete as received and cannot be further processed until the information
requested below has been submitted.
Filing fee
Submit filing fee (payable to the State of Michigan) of $2,000. Please include your submission
number, 2NN-5PE0-MT3W, on your payment. Payment may be by credit card or electronic
payment through MiWaters at https://miwaters.deq.state.mi.us/miwaters/.
Section 1, Letters
Provide authorization from all property owners for proposed impacts that are not on property
owned or under the control of the applicant.
Provide a letter of acknowledgement from all applicable utilities that states they are aware that
utilities that are currently running along River Road will have to be rerouted and that this
proposal is feasible if all necessary permits are obtained.
Provide a letter from the Menominee County Road Commission that states that they are aware
of the proposed realignment of River Road and that this proposal is feasible if necessary
permits are obtained.
Provide a letter from the State of Michigan Real Estate Division that states they are aware of the
proposed eastern utility corridor across State of Michigan property.
Section 4, Project Plans
Ditch Construction. Provide a detailed figure of the proposed ditch construction in relation to
water resources. Provide the location of any discharge points.
Fencing. Provide the location and a detail of the proposed perimeter fence through wetlands.
Project plans show one-37 foot crossing through WL-B1 and a wetland crossing through WL-14
of an unknown length. Include a project plan that shows an overview and cross-section of
fencing in regulated wetlands and streams. Include the type of materials for construction, how
the fence will be supported through wetlands and streams, and the height of the fence above
natural ground or water elevations.
River Road Realignment. Project figures shall include the proposed reroute of utilities along
River Road.
Figure 4-3: WL 17 and WL A3 are regulated and should be shown as such. WL 2c shapefile has
not been updated with the most recent delineation information.
Figure 4-4: WL 17 and WL A3 are regulated and should be shown as such. WL 2c shapefile has
not been updated with the most recent delineation information.
Figure 4-10: WL 17 and WL A3 are regulated and should be shown as such. WL 2c shapefile
has not been updated with the most recent delineation information.
Section 5, Wetland Delineation and Stream Evaluation
As discussed in November 2016 pre-application meeting, the WRD strongly recommends that
the applicant consider having a Level 3 DEQ Wetland Identification (WIP) completed. A Level 3
WIP is a confirmation of a completed wetland delineation that provides the property owner a
map of the confirmed onsite wetland boundaries and a jurisdictional determination of those
wetlands that is binding on the department (MDEQ) for a period of three years. For more
information about having a WIP conducted, visit the WIP webpage at:
http://www.michigan.gov/deq/0,4561,7-135-3313_3687-10193--,00.html.
The delineation that has been provided to the WRD measures the following wetland acreages
as:
14a: 0.11
14: 6.69
15b: 2.13
B1: 5.02 (includes B1c)
B2: 2.84
The Section 3, Proposed Impact Summary measures the following wetland acreages as:
14a: 0.11
14: 6.70
15b: 2.10
B1: 4.45 (plus B1c, 0.61 ac, which is not included in these impacts)
B2: 2.80
Please clarify or correct these discrepancies. Provide a graph of all the wetlands within the
project area and their acreages with the most recent delineation information available.
Section 5-1, Summary of Wetland and Stream Studies.
Include the wetland delineation completed by Stantec in October 2015. This work was
completed on WL 2c. All figures throughout the application documents shall include the updated
shapefile.
Figure 5-1: WL 17 should be shown as regulated.
Section 5-3, Data Forms (WL-14/14a/15b/B1/B2)
Provide the most recent data forms for WL B1c and WL B3.
Figure 4: Update this figure to show the current data points from the wetland delineation
information provided in Section 5. Update the shapefile for WL 2c and B1c. WL 40/41, B3, 17
and A3 are regulated and should be shown as such. Wetland regulation status and shapefiles
should be consistent on all figures throughout the application.
Section 6, Feasible and Prudent Alternative Analysis (Least Environmentally Damaging
Practicable Alternative, LEPDA)
5.1, Proposed Action.
Provide additional clarification on the pit perimeter design to minimize impacts to WL 14/14a.
The application states that entire acreage of WL-14/14A is being applied for as an impact due to
the location of the pit perimeter, proposed pit dewatering activities, and River Road reroute.
How does the pit perimeter design minimize impacts to this wetland system? Would an
alternative, feasible design potentially reduce resource impacts in other area on the project site?
Provide significant detail on why the general operations area and laydown area are proposed as
a direct wetland impact. Address how other upland areas under the control of the applicant, or
that may be reasonably obtained by the applicant, may be suitable for these purposes. Provide
a detailed accounting of what makes these activities “unavoidable” wetland impacts.
Provide additional detail on how the general operations area and laydown area will be
addressed in the reclamation plan.
This application must address and evaluate the proposed pit dewatering operations, the
resulting impacts to the groundwater table (drawdown envelope/ cone of depression), and the
wetland impacts that will result from this activity. Pit dewatering impacts should be accessed
through the life of the mine and closure. Provide significant detail on proposed pit dewatering
and the impacts this activity will have on groundwater levels in regulated wetlands and streams.
Provide significant detail on how dewatering operations may impact wetlands and streams. As
previously discussed, all ground water and surface water impacts both within the project area
and on adjacent properties must be accessed for changes in the hydrologic regime. Impacts
that alter the hydrologic regime six inches or greater may be considered an impact to water
resources. All water resources and potential impacts within this cone of depression must be
identified and a thorough feasible and prudent alternatives analysis must be conducted for all
potential impacts. The applicant must demonstrate that these impacts cannot be avoided or
further minimized. All water resource impacts related to pit dewatering activities must be
included with this wetlands, lakes and streams application.
Provide a definition for “perched wetland system”.
Provide any evidence of a restrictive layer or feature that has been documented in any of the
wetlands that are being classified as “perched”.
5.2: Alternatives Analysis.
Additional alternatives are addressed in the monitoring and adaptive management plan that are
not addressed in the alternatives analysis. These alternatives should be addressed in the
alternatives analysis for viability on the site with existing and proposed conditions. Please detail
why these alternatives may be suitable for adaptive management but not for site alternatives to
avoid and minimize direct and indirect impacts.
Include discussion on why offsite alternatives or portions of the project area that are not within
the daily operations are not considered for activities that do not influence the daily operations of
the proposed project. These activies may include topsoil stock pile, general overburden
stockpile, laydown area, or some activies proposed for general operations such as vehicle and
equipment storage. Alternative site plan layouts should include all of the facilities and operations
being proposed on plans that are demonstrating direct or indirect water resource impacts.
5.2.5, Constructability Criteria.
Provide significant detail on the rationale behind the determination of “no impact” to wetlands
that have reductions in their watersheds. Provide information on what is determined to be a
threshold for impact and how that determination was made. Clear and concise detail must be
provided for “no impact” determinations to all regulated wetlands. Extra detail shall be provided
for wetlands that stated as being surface water dependent and are proposed to have reductions
in watershed areas and surface water.
Provide additional details on the impacts, direct and indirect, proposed by the alternative site
plan. Provide significant detail on how the 8% difference in watershed loss for WL 40/41, for
26% to 18% changes the overall impacts to the wetland from “impacted” to “no impact”. Provide
significant detail on how watershed reductions of 23% for WL B1c and 23% for WL 2b/A1/A3
have been determined to be of “no impact”. What is this impact threshold?
Provide detail on how it was determined that the 8% difference in watershed loss for WL 40/41
and the 1% differences in watershed area for WL C1, and WL 2b/A1/A3 equates to exactly the
same amount of wetland take being proposed for the preferred alternative which includes filling
3.9 acres of regulated wetland.
Demonstrate the quantity of WL 40/41 that will be impacted by the alternative site plan with a
26% watershed loss. Demonstrate the quantity of WL 40/41 that will be impacted by the
preferred site plan with an 18% watershed reduction. Create a figure that shows the
comparisons of watershed reductions and wetland impacts between these two site plans.
Provide any information you have available on the NWI wetland “located to the north” and
demonstrate its dependence on the 8% watershed difference between the two site alternatives.
Provide information on how this wetland would be impacted by the alternative site plan, as
alluded to by in the Aquatic Impact Criteria for the Site Plan Layout Alternative.
Clarify this statement: “The increase in lost tributary area for WL-40/41 (and the off-site National
Wetland Inventory (NWI) wetland located to the north) is coupled with the same total impacted
wetland acreage and stream footage as the preferred alternative.”
Demonstrate that WL 40/41 is a perched wetland with no groundwater connectivity.
This section states that the alternative site plan provides for 31.3 acres of area for activities
outside of pit development, waste rock and tailings storage, and contact water storage. The
preferred alternative layout provides 93 acres for these ancillary activities. Provide detail on how
the preferred alternative avoids or minimizes impacts to water resources. Provide additional
detail on why the activities described in the preferred alternative occupies three times as much
area as an alternative which has been proposed as feasible and reduces direct wetland fill by
3.9 acres.
Provide clarification on how the Alternative Site Plan Layout is the exact same layout that was
approved for the Part 632 application however the shapefiles for the topsoil stockpiles,
overburden, and soil processing and equipment staging area have been removed. Provide
information on why this option was shown as feasible for the Part 632 application and now it not
feasible for the wetlands application? Provide detailed information on how the proposed project
has changed since the Part 632 permit application was approved with this site plan. Provide a
detailed explanation on why the preferred site plan for the Part 303 application requires an
additional 3.9 acres of direct wetland fill that is not demonstrated as being required on the Part
632 site plan or approved as part of the Part 632 final construction plan.
7, Compensatory Mitigation.
Clarify who currently owns the proposed mitigation parcel.
Figure 1-2: Update WL 2c, WL 17 as previously noted.
Figure 5-6: Alternative Site Plan Layout.
State why this plan does not contain all of facility items documented in the alternative analysis.
Why were the layers for the for the topsoil stockpiles, overburden, and soil processing and
equipment staging area removed? Feasible alternatives should demonstrate how the alternative
is feasible.
Section 8, Mitigation plan
Provide additional detail on how the preservation of 4,794 linear feet of the Menominee River
mitigates for the impacted stream function and habitat within the proposed project area.
8.1, Goals and Objectives.
Provide additional detail and clarification on Goal 5. Specifically, address the targets for
improved aquatic passage.
8.2, Demonstrable Threats.
This section states that the proposed mitigation area is currently held in trust while in Section 6
it was stated that the land is owned by the State of Michigan. Please correct this inconsistency
with the current land owner information.
The mitigation plan must address the Typha that has been observed onsite. This should be
addressed in the baseline conditions as well as the short and long term management strategies
for the proposed mitigation area.
8.8, Performance Standards.
There should be a baseline macroinvertebrate survey taken during a survey period in which
measurable results will be expected. This baseline data should be used for comparisons in
habitat restoration and functionality as part of the short-term monitoring plan.
Figure 1: Potential Waterways. All wetlands on this figure should be shown as regulated.
Figure 2: Potential Waterways. WL 17, 40/41 should be shown as regulated. Has WL 17 been
field confirmed?
Appendix E, Example Conservation Easement.
The document presented in the application is titled Preservation Endowment Fund. Please
correct or clarify.
Appendix A
A-1: Indirect Wetland Impacts and Analysis of Peripheral Wetlands
3, Expected Indirect Impacts.
Provide additional detail on how the collection of non-contact storm water within the watershed
for WL-2b will impact the surface water inputs to WL-2b and the water budget for the wetland
complex. The water budget for the wetland complex should include the reduction in watershed
area for the entire wetland complex, including WL-A1 and WL-A3. The watershed budget should
include variables such as the rate and direction of surface water and ground water inputs into
the wetland system.
Provide analysis of any impacts of the proposed discharge of non-contact storm water to WL
14a. Will this discharge supplement any of the hydrology lost to pit dewatering operations?
Provide substantial evidence that WL B1c and WL B3 will not be impacted by the reduction in
watershed or reductions in groundwater elevations. Provide documentation on the reduction in
WL B1c’s watershed and the rationale for why this reduction proposes no impact.
4: Analysis of Peripheral Wetlands and Intermittent Stream.
Define “predominantly” as it relates to the inputs to wetland systems. Is this term related to a
specific threshold? If so, define that threshold and the factors that led to the determination of
“predominant”.
WL-B1c is listed as being predominantly surface water inputs but was not included in the
Wetland Hydrology Report and there is no correlating data to support this claim. How was this
hydrology source determined? Provide any data from installed piezometers, restrictive soil
features, or evidence that this wetland is reliant on surface water inputs and has no connection
to or inputs from ground water.
WL B3 is listed as having predominantly surface water inputs but has no correlating data to
support that claim. How was this hydrology source determined? Provide any data from installed
piezometers, restrictive soil features, or evidence that this wetland is reliant on surface water
inputs and has no connection to or inputs from ground water.
WL 40/41 is listed as having predominantly surface water inputs but has no correlating data to
support that claim. How was this hydrology source determined? Provide any data from installed
piezometers, restrictive soil features, or evidence that this wetland is reliant on surface water
inputs and has no connection to or inputs from ground water.
The water balance inputs that were obtained from the Oakes and Hamilton publication are not
representative of the conditions of the wetland watersheds at the proposed project area and not
applicable to the information being requested or required to support the water resource impact
claims for this application. The 1974 USGS study was part of a 4,300 square mile study
covering nearly 10 counties in Wisconsin and uses an average of the data collected within this
study area. There is no information on how this data was collected, the time period for
collection, or the specific conditions. Wetland watershed budgets must use site specific data
collected over a relevant time period.
Has consideration been given to interception rates within a water balance study?
Runoff should be calculated by the soil classifications within the watershed. Soil mapping should
be confirmed by onsite delineation of soils within the watershed boundaries.
This section states that watershed boundaries will not change; however, the application does
not demonstrate that the watershed boundaries will not change as a result of the alterations in
hydrology during operations and post-closure. Active pumping and the location of the pit may
influence the location of the major watershed boundaries in the project area, and proposed
geologic alterations may influence that location post-closure.
Provide detail on why the existing hydrologic inputs to a wetland system are considered a
surplus. Existing hydrologic conditions support existing wetland conditions. Any reduction in
hydrology to a wetland system is measured as a deficit to the existing hydrologic conditions.
Any alteration to the existing hydrologic conditions of the wetland may impact the existing
wetland system. Provide additional documentation and clarification to support the claim that WL
B3, B1c, 10/41, C1, 2b, A1 and A3 will not be impacted by the proposed reduction in
groundwater elevation, and the proposed reduction of wetland watershed areas.
Provide further detail on how groundwater inflow may increase during the closure phase. Does
this refer to an increase from operations phase or from pre-construction conditions?
Tables 4-1 through 4-3: Rates of evapotranspiration should be specific to the wetland
community type and measured from onsite wetlands over a relevant timeframe. Changes in
hydrology during construction, operation and closure is the information that needs to be
demonstrated. Any change, specifically a reduction, in water inputs to a system is represented
as a deficit to the existing water budget for a wetland system.
Figures 4-6 through 4-10:
These figures should show the changes in ground water elevations from current conditions to
maximum drawdown during operations phase. The drawdown elevation or the depth to
groundwater should be compared to existing ground elevations such as a current topographic
map. The current figures do not present comparative reference elevations.
For all figures that show a depth to water table, provide the date range and method in which this
information was collected.
There should be some discussion on why some wetlands that are indicated as mixed surface
and groundwater inputs have depths to water tables that are similar or exceed other wetlands
that are noted as surface dependent, perched, and/or not connected to groundwater.
Significant discussion should be given to areas where it is demonstrated in these figures that
the depth to groundwater will be reduced greater than six inches in wetlands. Further discussion
should be given to regulated wetlands that are shown on these figures to experience a reduction
in groundwater greater than five feet but have been determined to have “no impact”. Clear and
concise detail should be given on how that rationale was made and the determination for the
threshold of “impact”.
Appendix B
B-3, 2015 Wetland Delineation Supplemental Information. This revised delineation information
for WL 2c should be included on all project figures that show wetland delineation boundaries.
Appendix C
C-4, Cut-off Wall Memorandum.
Figure 1: Figure should include the 100-year flood elevation. Provide information on who is
proposing this alignment configuration and roadway design.
C-6, Invasive Species Management Plan.
This plan should address non-native and hybridized Typha species that are prone to create
monocultures in wetland areas.
C-7, Mussel Relocation Plan.
Mussel Relocation Site Selection
The last bullet “Zebra mussels (Dreissena polymorpha) and Quagga mussels (D. rostiformis)
are absent from the project site.” Additional clarification is needed: Badra 2010 mentions zebra
mussels present at Site 5 which is a proposed location for relocation. The 2014 Stantec report
does not mention zebra or quagga mussels at all in their report. Were either zebra mussels or
quagga mussels observed at the outfall location? If so, you don’t want to transport the mussels
to a new location where there’s no zebra or quagga mussels.
Provide additional clarification on the 20 minute timed searches at potential relocation sites.
What is the span of this search?
“Site 5 was surveyed in 2008 and 2009 (Badra 2010).” Site 5 needs to be re-evaluated again
per Michigan Mussel Protocols- Any survey older than 5 years old is considered outdated.
The current plan states: “Stantec will prepare a brief report summarizing the site selection
survey for agency review”. The site selection survey should be a detailed report, not “brief”.
Water depth, density and visual estimates of % areal coverage of macrophytes, woody material,
and substrate composition must be reported. Unsuitable habitat must also be reported. Age
structure will be submitted in the report as well. A detailed map must also be included in the
report. Photo vouchers of mussels must also be submitted. Photographs should include a closeup
view of the umbo and one of the valve. Any questionable species should include
photographs of the left valve, right valve, and dorsal view as well to provide adequate reference
for verification. Detailed list of required information to be reported is under Appendix B of the
updated Michigan FWM Survey Protocols and Relocation Procedures. See attached.
Metrics for the assessment of communities should also include density. The proposed density
for each location must be included within the site selection report.
Stantec is also required to notify MDNR Fisheries of preliminary survey results (e.g., species
detected) within 5 days of completion of the survey. It needs to be explicitly stated in the
relocation plan that no mussels are to be moved without prior authorization from the Michigan
DNR Fisheries Division.
Mussel Relocation
“The final outfall location at the Back Forty Mine in not known at this time”. The Joint Permit
Application and Project Plans reflect 1 outfall site. Please update to reflect the outfall location
has been chosen.
Comment: Stantec’s freshwater mussel survey at the proposed outfall locations occurred in
2014. Keep in mind timeline of project- 5+ year old data is considered outdated. May have to
resurvey depending on timeline.
Comment: Need to add an acceptable justification for not avoiding the area where mussels will
be impacted.
Please clarify (with a map and dimensions) as to what specifically is the ADI, mixing zone and
buffer zone. Is the buffer zone in addition to the mixing zone? Also, the mixing zone calculations
(under Attachment C) say 125 feet below downstream is needed for levels of lead to be less
than 10Ug/L. The current ADI, mixing zone, buffer zone (from my understanding) does not go
down that far.
A report needs to be provided to the MDNR within 30 days of completion of the relocation and
subsequent monitoring activities. Refer to Appendix B in the updated and attached “Michigan
Freshwater Mussel Survey Protocols and Relocation Procedures: January 2017 Draft”.
Post-Relocation Monitoring
Update from the Michigan Protocols- the first post-relocation survey that is required must occur
within 30-45 days after relocation. 90 days is no longer within the suggested timeframe.
Additionally, if high mortality (>25%) is observed in the first follow-up survey, then it needs to be
reported to MDNR to discuss and determine what follow-up action may be necessary. For the 1-
2 years post relocation survey, if high mortality is observed (>50%) then it also needs to be
reported to MDNR to discuss and determine what follow-up action may be necessary. Again
refer to Appendix B of Michigan protocols of what needs to be in the report.
Relocation monitoring shall be timed to coincide with favorable seasonal conditions. Monitoring
in cold weather may increase risks to mortality.
Attachment A
Please clarify what “Alternate survey site” is.
Attachment C
Re: November 14, 2016 letter, second paragraph “six constituents were identified in research as
potentially harmful to mussels”. Provide additional details on the research. Include a reference
section that provides a bibliography of supporting data referenced in this document.
Freshwater mussels are the most sensitive animals ever tested to the effects of ammonia. Why
isn’t ammonia listed as one of these “six constituents”? Specifically describe what “harmful to
mussels” is. Is harmful describing habitat degradation, reproductive issues, death? This should
be clarified. If harmful is a threshold of tolerance of degree of impacts, that should be identified
and sufficient detail should be provided to support the rationale of establishing a threshold for
“harm”.
Table 2 calculations. Where did the number “2.994 ft/s for instream velocity” come from? How is
“C* found to be 58”?
Table 2. Table 1 lists a significant number of minerals and compounds that have NPDES
thresholds but Table 2 only addresses six of those. Do we have a list of what is anticipated to be
discharged at this location and at what concentration? Table 2 demonstrates that the threshold
for harm is commonly below the NPDES requirements for discharge. We would like to see a list
of the effluent that is expected at this site during operation and the harmful thresholds compared
to that list. The literature source(s) should be cited. Please include a summary of anticipated
effect to the mussel populations that have been surveyed at this location and demonstrate a
practical range of where these effects will be located.
General Comment: Please revisit the updated Michigan Survey Protocols and Relocations
January 2017 draft for any other updates. Again this is a draft and not a final version. A final
version will be submitted to Stantec upon completion.
Re: “if more than 1,000 animals are collected from the salvage area, we request permission to
continue marking only the State listed species.”
MDNR Fisheries Division Comment: Approved.
Re: “We request permission to mark up to 500 mussels at each relocation site to aid in
statistical analyses of the data in the post-relocation monitoring phase of the project.”
MDNR Fisheries Division Comment: Approved.
MDEQ Comment: Anytime reports document mussel identification, a representative photo
should be taken to confirm the ID.
C-11, Wetland Hydrology Report.
The executive summary states that field data was used to evaluate wetland water sources for
the eight wetlands with piezometer nests. How were the other wetlands evaluated for water
sources?
The executive summary states that WL 2b relies on groundwater contributions and “some
portion of their water budget may be susceptible to indirect impacts from groundwater
drawdown associated with pit dewatering”. Provide significant detail on the potential for impacts
from pit dewatering. Impacts should include any reduction or increase to wetland hydrologic
regimes that may result in that changes the water elevation within the wetland system
Provide detail on why piezometer information was collected and is being presented for only one
growing season. Has any additional piezometer information been documented? Is any
additional piezometer data available that provides information on hydrology from the past five
years?
4.1, Hydrostratigraphic Units.
This sections states: “Available stratigraphic information at the locations of the piezometer nests
does not suggest widespread potential for a perched or isolated wetland water table system”
and “At PZ-9, 1.2 m of organic silt overlies sand; this is the most substantial thickness of
potentially isolating soil observed in any of the wetland borings” and “The hydrostratigraphic
data did not provide conclusive information on wetland water sources.” Provide significant detail
and analysis on how the determination of “perched” wetlands was concluded in Appendix A-1,
Indirect Wetlands Analysis. Provide additional analysis on statements that are supported by
hydrostratigraphic data.
4.2.1, Conceptual Site Model.
This section states “The groundwater contour maps indicate the groundwater within the
Quaternary aquifer flows radially outward from a local groundwater high located near wells MW-
1 and FMW-4…” Provide detail on if and how this information has been used to determine
wetland hydrologic inputs pre-construction and during operation.
This section also states: “The wetlands in the Project Area appear to occupy topographic lows
or ground slope positions where the landscape intersects the water table.” Provide additional
clarification on how this statement supports the conclusions outlined in Appendix A-1 that many
of the wetlands onsite are perched and not connected to the water table. Does this analysis of
landscape position relate to statements made in Appendix A-1 on wetlands being perched
because of their landform position?
4.2.2, Vertical Hydraulic Gradients.
Negative hydraulic gradients indicate a ground water flow to wetlands. Positive hydraulic
gradients indicate a wetland flow to ground water. PZ-1, 2, 5, 6, 10, 11 and 13, which are all the
wetland nested piezometers within the project area, recorded data with both negative and
positive values. Please detail how this supports the conclusion presented in Appendix A-1 that
many of the wetlands within the project area are perched.
4.2.2.6, PZ-10 and PZ 10A.
PZ 10 and PZ 10A demonstrated a negative hydraulic gradient in the spring of 2012. Please
provide additional detail and analysis that compares the negative gradients recorded at PZ-13
and PZ-13A with the negative gradients at PZ-10 and PZ-10A. This analysis should include
seasonal variations in the water table using site wide data and the potential for connectivity of
these wetland systems through both surface and ground water inputs. This analysis should
include discussion on how negative hydraulic gradients will be impacted within WL B1 and WL
B2 by pit dewatering operations. This discussion should also include why WL B1 and B2 have
been determined to be supplied by surface water.
4.2.2.7, PZ-11 and PZ-11A.
This section states that “the water supply for wetland WL 2b is derived from ground water inflow,
direct precipitation, and runoff. Please detail how this statement supports the conclusions
detailed in Appendix A-1 that WL 2b will not be impacted by groundwater reductions and a 22%
reduction in watershed area.
4.2.2.9, PZ-13 and PZ-13A.
This section states that WL B2 has periods of ground water discharge to the wetland. Please
detail how this information supports the conclusions detailed in Appendix A-1. Provide additional
details on how the proposed pit dewatering will alter the ground water inputs to this wetland
system. Include additional analysis on the connectivity of WL B2 with WL B1 and WL B1c and
the potential for connectivity with WL B3.
4.2.4, Relationships with Precipitation.
This section states that there was no correlation between wetland hydrology and individual or
cumulative precipitation events and that the dominant trends in wetland water elevation were
correlated with seasonal cycles. It further states that “…the relationship between water-level and
precipitation was not conclusive in assessing wetland water sources.” Provide additional detail
on how wetland water sources were determined. Specifically, how were wetlands determined to
be surface water or ground and surface water dependent?
4.5, Landscape position, Water Table Configuration, and Depth to Groundwater.
The depth to water table was taken as the depth from existing land surface elevation and the
water table that was measured in May 2012. Specify why the depth to water table was not
measured to the seasonally high water table.
5, Conclusions.
Provide additional clarification on how the Cowardin et al (1979) water regime was used to
provide evidence for identification of wetland water sources.
Provide a definition for “predominantly” in the context in which it is used to summarize wetland
water inputs. If this term is a threshold, please provide what percentage or level is required to
meet the threshold of “predominantly”. Provide analysis on how this threshold was determined.
Table 4-1: Provide additional clarification on the Landscape and Water Table Position
information. How was this information collected? What is the variable that accounts for the large
fluctuations in the water table depth? How was the water regime determined? It appears that
there may be some inconsistencies with the water regime modifiers that were assigned to
wetlands within the project site and how the water regimes are described in Cowardian et al
(1979).
Table 4-1: WL 2c. Temporarily flooded wetlands typically do not have “frequent large reversals”
of vertical hydraulic gradients. Describe how the water regimes were determined for wetlands
that did not have measurements of hydraulic gradients. Include detailed descriptions and
supporting evidence of the water regimes for WL B1, WL B2, WL B3, WL B1c, and WL 40/41.
Figure 3-1 through 3-4: Provide additional detail on survey periods for the information provided
in these figures. Are the ground water elevations taken from one discrete measurement or
averaged over a time period of active monitoring? Include detail on why only one figure
represents ground water elevations during the growing season.
C-12, Proposed Monitoring Plan and Adaptive Management
5, Adaptive Management.
Adaptive management options are identified that have not been addressed in the Feasible and
Prudent Alternatives Analysis for direct or indirect impacts. These options should be examined
as feasible and prudent alternatives to avoid and minimize direct and indirect wetland impacts
and then be further expanded as part of an adaptive management strategy.
C-13, Endangered, Threatened species, and Species of Special Concern Summary.
Provide additional details on survey methods and timing for the Lake sturgeon surveys
completed in the Menominee River.
Additional information and/or filing fees may be required upon further review of your application.
Should we not receive the requested information from you within 30 days of this letter, we will
consider your application as withdrawn and will close your application. Fees are not refundable
on applications once a decision has been made or if an action has been taken, such as closing
an application due to no or incomplete response to a correction request letter, posting a public
notice, or conducting a site visit. A new application may be submitted, but fees are not
transferable.
If you have any questions regarding this letter or your application, please contact me at 906-
236-0380 or WilsonK17@michigan.gov. Send the requested information to me at DEQ, WRD,
Upper Peninsula District Office, 1504 West Washington Street, Marquette, Michigan 49855.
Please include your submission number, 2NN-5PE0-MT3W, in your response. The status of
your application can be tracked online at https://miwaters.deq.state.mi.us/miwaters/.
Sincerely,
Kristi Wilson
Upper Peninsula District Office
Water Resources Division
cc: Melaine Burdick, USEPA
Colleen Okeefe, MDEQ
Ginny Pennala, MDEQ
Jennifer Johnson, MDNR
Mike Pennington, MDEQ
Foth, Agent
King and MacGregor, Agent
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.
http://www.uppermichiganssource.com/content/news/Aquila-begins-winter-drilling-operation-at-Back-Forty-project-414347823.html
LMAO, No I was at the meetings. There was no letter from the DEQ and the reason I suspect there is no link that can be provided for a letter that doesn't exist.
Insisders are buying and they just raised 7.9 million in financing. It's a sure thing and investors know it. 24% of the offering was purchased by insiders.
The only thing sketchy is this so called letter that doesn't exist.
No, my post was not old news. The letter from the DEQ was dated 1/26/17. It only gives Aquila 30 days to resubmit a new wetland permit and there are many corrections and updates that need to be made according to the letter. I wish I could get that link to post right. This is serious!
AQUILA RESOURCES STRENGTHENS BOARD WITH APPOINTMENT OF MINING EXECUTIVE WITH 30 YEARS OF INDUSTRY EXPERIENCE
TORONTO, Feb. 10, 2017 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila"), a permitting-stage company advancing its zinc- and gold-rich Back Forty Project in Michigan's Upper Peninsula announced that Ian Pritchard has been appointed to the Company's Board as an independent director effective immediately. Mr. Pritchard was also named Chairman of Aquila's Technical, Environmental, Health & Safety Committee.
Mr. Pritchard brings more than 30 years of mining industry experience with a particular focus on project and operations management in North America and across the globe. Mr. Pritchard currently serves as Chief Operating Officer of Belo Sun Mining, a construction stage company advancing development of the Volte Grande project in Brazil.
"Ian is a welcome addition to our board, bringing deep industry knowledge, technical expertise and significant experience in getting mines safely built and into commercial production," said Edward Munden, Chairman of Aquila's Board of Directors. "We look forward to his counsel and many contributions as we advance development of Back Forty."
Mr. Pritchard's mining experience includes the management of pre-feasibility and feasibility studies, engineering, procurement and construction management projects. He has held senior executive positions at various organizations around the world, including SNC-Lavalin and De Beers Canada.
Mr. Pritchard holds a diploma in Mechanical Engineering from Watford Technical College in the UK. He also completed a Project Management program at the University of Pretoria in South Africa.
About Aquila Resources
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company's experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is a volcanogenic massive sulfide (VMS) deposit located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. In its updated Preliminary Economic Assessment filed in September 2014, Back Forty demonstrated strong economics with a pre-tax NPV of $282 million ($210.8 million after-tax) and a pre-tax IRR of 38.8% (32% after-tax) based on mining 16.1M tonnes of measured, indicated, and inferred resources over the 16-year life of mine, of which 12.5M tonnes will be open-pit and 3.6M tonnes will be underground.
http://www.aquilaresources.com/release/?id=122532
Aquila Resources - RAISES GROSS PROCEEDS OF $7.9 MILLION
TORONTO, Feb. 6, 2017 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila" or the "Company"), announced today that it has closed its previously announced non-brokered private placement offering (the "Offering"), raising gross proceeds of $7.9 million. The Offering was over-subscribed with 36,017,725 units (the "Units") issued.
Each Unit was priced at $0.22, and consisted of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire one Aquila common share for $0.30 for a period of 36 months from today's closing date (the "Warrants").
Certain Company insiders, directors, and officers, including Orion Mine Finance and Ruffer LLP, participated in the Offering, and represented approximately 24% of the total placement. The subscriptions by Company insiders are "related party transactions" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Offering was completed in reliance on available exemptions from the formal valuation and minority approval requirements of MI 61-101 provided in of Section 5.5(a) and Section 5.7 (a), respectively, of MI 61-101.
Aquila intends to use the net proceeds from the private placement to complete a Feasibility Study for the Company's zinc- and gold-rich Back Forty project, strengthen and expand its management team as it prepares for the construction phase at Back Forty and for general working capital purposes.
In connection with the Offering, the Company paid finders' fees of $375,370 and issued 1,410,775 broker warrants with the same terms as the Warrants, which represent approximately 4% of the Units issued under the Offering.
About Aquila Resources
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company's experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is a volcanogenic massive sulfide (VMS) deposit located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. In its updated Preliminary Economic Assessment filed in September 2014, Back Forty demonstrated strong economics with a pre-tax NPV of $282 million ($210.8 million after-tax) and a pre-tax IRR of 38.8% (32% after-tax) based on mining 16.1M tonnes of measured, indicated, and inferred resources over the 16-year life of mine, of which 12.5M tonnes will be open-pit and 3.6M tonnes will be underground.
This press release contains certain forward-looking statements within the meaning of applicable Canadian securities legislation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" and similar expressions suggesting future outcomes or statements regarding an outlook.
Forward-looking statements relate to any matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, without limitation, statement with respect to the proposed Offering.
These and other forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Aquila to control or predict, that may cause their actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein. Aquila expressly disclaims any obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents Aquila's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. Furthermore, mineral resources that are not mineral reserves do not have demonstrated economic viability.
SOURCE Aquila Resources Inc.
http://www.theprovince.com/business/cnw/release.html?rkey=20170206C5324&filter=4007
News Out! Aquila strengthens leadership team; names Matheson as director
TORONTO (WLUC) - Aquila Resources Inc. announced Thursday that Bill Matheson, a mining executive with more than 30 years of operations and project management experience, has been named as Director, Construction. Mr. Matheson will oversee the development and construction of Back Forty, Aquila's flagship zinc- and gold-rich project located in Michigan's Upper Peninsula.
"Recent milestones, including receipt of a mine permit and closing of a private placement financing, allow us to start building an owner's team capable of leading the construction effort at Back Forty," said Andrew Boushy, Vice President, Project Development of Aquila Resources. "Bill brings considerable experience in building mines safely and on budget around the world. We welcome him to Aquila's management team and look forward to working with him as we advance the Back Forty project towards commercial production."
Over the past 10 years, Mr. Matheson has held senior project management positions with KGHM International and its predecessor company Quadra FNX Mining, Most recently at KGHM, he worked as Project Development Manager at the Ajax Project in Kamloops B.C. and was Acting Project Manager at the Victoria Project in Sudbury, Ontario. During his tenure at Quadra, Mr. Matheson was the Manager of Project Construction where he assisted in the construction completion and the start-up of the Franke Mine and where he led the critical expansion of the Carlota Copper Project in Arizona. Over his career, Mr. Matheson has held various construction and operational maintenance assignments with Merit Consultants International, Archer Daniels Midland and Teck Corona Operating Corp. His work has included international experience in Canada, the USA, Peru and Chile. He is a graduate of the Saskatchewan Technical Institute and he is currently acquiring his Project Management Professional (PMP) certification.
http://www.uppermichiganssource.com/content/news/Aquila-strengthens-leadership-team-names-Matheson-as-director-413955273.html
That's OLD News. Here's todays news! We have the permits and are moving forward with mine development.
TORONTO (WLUC) - Aquila Resources Inc. announced Thursday that Bill Matheson, a mining executive with more than 30 years of operations and project management experience, has been named as Director, Construction. Mr. Matheson will oversee the development and construction of Back Forty, Aquila's flagship zinc- and gold-rich project located in Michigan's Upper Peninsula.
"Recent milestones, including receipt of a mine permit and closing of a private placement financing, allow us to start building an owner's team capable of leading the construction effort at Back Forty," said Andrew Boushy, Vice President, Project Development of Aquila Resources. "Bill brings considerable experience in building mines safely and on budget around the world. We welcome him to Aquila's management team and look forward to working with him as we advance the Back Forty project towards commercial production."
Over the past 10 years, Mr. Matheson has held senior project management positions with KGHM International and its predecessor company Quadra FNX Mining, Most recently at KGHM, he worked as Project Development Manager at the Ajax Project in Kamloops B.C. and was Acting Project Manager at the Victoria Project in Sudbury, Ontario. During his tenure at Quadra, Mr. Matheson was the Manager of Project Construction where he assisted in the construction completion and the start-up of the Franke Mine and where he led the critical expansion of the Carlota Copper Project in Arizona. Over his career, Mr. Matheson has held various construction and operational maintenance assignments with Merit Consultants International, Archer Daniels Midland and Teck Corona Operating Corp. His work has included international experience in Canada, the USA, Peru and Chile. He is a graduate of the Saskatchewan Technical Institute and he is currently acquiring his Project Management Professional (PMP) certification.
http://www.uppermichiganssource.com/content/news/Aquila-strengthens-leadership-team-names-Matheson-as-director-413955273.html
I couldn't get the link to work either on here, but there is a 13 page letter of rejection from the DEQ. I'm getting scared.
Your link doesn't work for me. Any others?
OH NO! BAD NEWS
A SETBACK FOR THE CONTROVERSIAL OPEN PIT SULFIDE MINE PLANNED FOR THE BANKS OF THE MENOMINEE RIVER - A RIVER SHARED BY MICHIGAN AND WISCONSIN.
IN A THIRTEEN PAGE LETTER, THE MICHIGAN DEPARTMENT OF ENVIRONMENTAL QUALITY WATER RESOURCES DIVISION SENT BACK A PERMIT FROM AQUILA RESOURCES, CALLING IT INCOMPLETE, AND REQUESTING MUCH MORE INFORMATION ON HOW THE PROPOSED BACK FORTY MINE WOULD IMPACT THE RIVER AND SURROUNDING WETLANDS.
ENVIRONMENTAL GROUPS AND THE MENOMINEE TRIBE OF INDIANS ARE OPPOSED TO THE MINE - SAYING IT WOULD POLLUTE THE RIVER AND DESTROY IMPORTANT TRIBAL LANDS.
Here’s a link to the full documentation:
https://drive.google.com/file/d/0B5...
Can't figure out how to post the entire letter from the DEQ, but doesn't look good.
No doubt a diamond in the rough. EOM
Oh yes, I have no concerns, on if it will be done. Having been to the site, I know it's for real. I have been buying for years. Financing, is my concern though. Having Hudbay, get out, in the early years,was not good. (IMO). I'm not going to pump this stock, even though, I've been in for years. The gold is there, but, what will the cost be to get it out? And by that I mean shares sold, dumped, or given away to a new investor. I really think, we may need Hudbay back. Good luck to you
It's all setting up Buddy. This is from the local news station today.
http://www.uppermichiganssource.com/content/news/Aquila-Resources-Issued-Mine-and-Air-Permits-for-its-Back-Forty-Project-in-the-State-of-Michigan-408609265.html
$AQARF AQA.TO TORONTO (WLUC) - Aquila Resources Inc. "Aquila," announced today that it has received two final permits from the Michigan Department of Environmental Quality for its zinc and gold-rich Back Forty Project.
The final Nonferrous Metallic Mineral Mining ("Mining Permit") and Michigan Air Use Permit to Install were issued by the Department of Environmental Quality in Michigan following a public comment period that ended November 3rd, 2016.
"This milestone is a fitting end to a year where we made considerable progress at Back Forty that included the discovery of a new mineral zone, improvements in our metal recoveries and the strengthening of our local team," said Barry Hildred, CEO of Aquila Resources.
"We would like to commend the State of Michigan for its efforts in completing the permitting process in a rigorous and transparent manner. We believe that their decision to grant final permits reflects Michigan's commitment to responsible and sustainable resource development that benefits all stakeholders."
The Mine Permit Application ("MPA") included Aquila's plan for mining, management of tailings and waste rock, reclamation, monitoring, contingency plan and plan for financial assurance. The MPA also contained a detailed Environmental Impact Assessment supported by over two years of baseline studies on environmental and cultural resources. The MPA review process and permit decisions were completed in conformance with Part 632 of Michigan's Natural Resources and Environmental Protection Act which regulates nonferrous metallic mineral mining in the State of Michigan.
Two additional necessary permits, National Pollution Elimination System (NPDES) permit and a permit for wetland impacts are under consideration.
In 2017, Aquila will focus on completion of its Feasibility study, finalization of two remaining permits, expanding its owner's team and closing on financing that will fund the project through to commercial production. Aquila also has plans to do additional exploration targeting a new mineralized zone as well as better defining the underground resource.
Qualified Person-
This news release was reviewed and approved by Thomas O. Quigley, Vice President of Exploration and Senior Technical Advisor for the Back Forty Project. By virtue of his education, experience, and professional association, Mr. Quigley is considered a Qualified Person as defined under National Instrument 43-101. Information regarding data verification is provided in Aquila's Annual Information Form dated March 30, 2016.
About Aquila Resources-
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company's experienced management team is currently focused on advancing permitting activities for its 100%-owned gold- and zinc-rich Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is a volcanogenic massive sulfide (VMS) deposit located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula. In its updated Preliminary Economic Assessment filed in September 2014, Back Forty demonstrated strong economics with a pre-tax NPV of $282 million ($210.8 million after-tax) and a pre-tax IRR of 38.8% (32% after-tax) based on mining 16.1M tonnes of measured, indicated, and inferred resources over the 16-year life of mine, of which 12.5M tonnes will be open-pit and 3.6M tonnes will be underground.
For further information: Barry Hildred, CEO, Aquila Resources Inc., Tel: 647 943-5672, Email: bhildred@aquilaresources.com; Joe Racanelli, NATIONAL Equicom, Tel: 416 586-1943, Email: jracanelli@national.ca
http://www.uppermichiganssource.com/content/news/Aquila-Resources-Issued-Mine-and-Air-Permits-for-its-Back-Forty-Project-in-the-State-of-Michigan-408609265.html
Aquila Back Forty project gains two permit approvals by MDEQ
Posted: Wed 1:53 PM, Dec 28, 2016
MICHIGAN, (WLUC) - The Michigan Department of Environmental Quality (MDEQ) today announced the approval of two permits sought by Aquila Resources Inc. for the proposed Back Forty Mine Project in Lake Township, Menominee County, Michigan.
The department approved the company’s applications for a Nonferrous Metallic Mineral Mining Permit (Mining Permit), and the Michigan Air Use Permit to Install.
These decisions come after comprehensive and detailed reviews of the applications and careful consideration of the comments received throughout the review process.
Two additional necessary permits, National Pollution Elimination System (NPDES) permit and a permit for wetland impacts are under consideration.
http://www.uppermichiganssource.com/content/news/Aquila-Back-Forty-project-gains-two-permit-approvals-by-MDEQ-408534215.html
News Release Issued: Nov 22, 2016 (7:00am EST)
To view this release online and get more information about Aquila Resources Inc. visit: http://aquilaresources.mediaroom.com/2016-11-22-Aquila-Resources-Releases-Final-Drill-Results-From-its-2016-Back-Forty-Exploration-Program-Including-6-Meters-of-5-01-g-t-Gold-and-27-34-g-t-Silver
Aquila Resources Releases Final Drill Results From its 2016 Back Forty Exploration Program Including 6 Meters* of 5.01 g/t Gold and 27.34 g/t Silver
Shares Outstanding: 234,521,913
TORONTO, Nov. 22, 2016 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila"), a permitting-stage company advancing its gold- and zinc-rich Back Forty Project in Michigan's Upper Peninsula, today announced the final drill results of its recently completed 2016 exploration program consisting of 1,786 meters of drilling in 10 holes. The exploration program focused on targeting potential extensions of known mineralized zones as well as new targets proximal to the Back Forty deposit. The final drill results include assay results from two holes that the Company announced on September 27, 2016, indicating the discovery of a new mineralized zone at Back Forty.
"Our 2016 exploration program produced very encouraging results," said Barry Hildred, CEO of Aquila Resources. "Drilling resulted in the discovery of a new, zinc-rich mineral zone that is consistent with the poly-metallic mineralization of Back Forty's Main zone. This discovery provides the potential to add to Back Forty's mine life. We will explore this potential more fully with our exploration program slated for 2017."
Drill Results Highlights:
•Drill holes LK-16-510 through LK-16-513 tested possible extensions of the Pinwheel zone massive sulfide and associated precious metal mineralization to the northeast
•Drill holes LK-16-514 through LK-16-519 tested geophysical targets and possible extensions of the Pinwheel zone to the southwest of the deposit
•Drill hole LK-16-511 intercepted 3.2 meters of 1.78 g/t gold (Au) and 20.48 g/t silver (Ag)*
•LK-16-511 encountered 1.2 meters of 2.29 g/t Au*
•LK-16-514 intercepted 6 meters of 5.01 g/t Au and 27.34 g/t Ag*
•LK-16-517 returned 6.8 meters of 0.31 g/t Au and 3% Zn, and a separate zone of 0.5 meters of 4.7% lead (Pb) and 304 g/t Ag*
•LK-16-515 and LK-16-516 (reported on September 27, 2016) encountered 8.4 meters of 4.9% Zn, and 9.35 meters of 6.7% zinc (Zn) in massive and semi massive sulfide.*
Summary and Significance of Drilling Results
The 2016 drilling campaign identified new zinc rich massive and semi massive sulfide zones to the southwest of the Back Forty deposit. A discreet zone of massive sulfide in LK-16-515, 516 and 517 remains open along strike to the northeast and southwest as well as at depth. This new zone lies approximately 400 meters southwest of the proposed open pit, and may eventually prove to be continuous with underground resources extending southwest from the pit. Additionally, strong geophysical trends have identified targets for an additional 500 meters to the southwest.
Separate zinc and silver mineralized horizons were also encountered deeper in LK-16-515 as well as in LK-16-518. These horizons were hosted by siliceous, tuffaceous sediments similar to the Tuff zone and deeper mineralization under the Back Forty deposit. Future drilling will target extensions of these horizons and will test potential continuity with these zones.
Gold and silver mineralization was encountered in LK-16-514 at two separate horizons approximately 60 meters apart. The orientation of these intercepts is currently unknown, but the high grades, including visible gold in the lower interval, warrant follow up drilling. This area occupies an apparent gap between known Pinwheel massive sulfide mineralization and the newly discovered zone of mineralization in LK-16-515, 516 and 517.
Drill holes LK-16-511, 512, and 513 were step out holes testing the potential extension of the Pinwheel massive sulfide northeast of the of the proposed open pit. They encountered significant but narrow zones of precious metal mineralization, but no extensions of massive sulfide. LK-16-510 testing a geophysical target 325 meters northeast of the open pit, did not return significant values.
All of the ten holes from this drilling program as well as strategic historic drill holes were surveyed with downhole, pulse electromagnetic techniques.
This message has been truncated
Aquila Resources Inc. Barry Hildred, CEO at Precious Metals Summit (video).
http://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2016/09/15/aquila-resources-inc/play/stream/20141
Aquila Resources Inc.
The Michigan Department of Environmental Quality (MDEQ) will be holding a public hearing on the Aquila Resources Back Forty Mine project, this Thursday, October 6, 2016, from 6:00 P.M. to 10:00 P.M. at the Stephenson High School gymnasium, located at W526 Division Street, Stephenson, Michigan 49887. Interested parties will have the opportunity to comment on a number of proposed actions.
https://www.facebook.com/#!/AquilaResources/?fref=nf&pnref=story
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
240
|
Created
|
01/05/11
|
Type
|
Free
|
Moderators |
Focused On Developing Projects In Highly Prospective Regions of North AmericaAquila Resources Inc. (TSX: AQA) (OTCQX: AQARF) (Frankfurt: JM4A) is a mineral exploration and development Company focused developing base and precious metal projects in highly prospective regions of North America. The Company is rapidly expanding its presence and moving towards an interest in production on its flagship Back Forty Project through a joint venture with HudBay Minerals Inc. (TSX:HBM - NYSE:HBM). The Company has also positioned itself for growth by acquiring new base metal deposits under an Exploration Alliance with HudBay as well as through the acquisition of 100% owned exploration properties. Leading the way is an experienced management and technical team that have identified significant high-grade base and precious metal properties.Corporate Highlights
Back Forty Project | Strategic Great Lakes Regional ExpsoureThe hard working team at Aquila Resources Newly constructed Aquila Core Shack Click here to read latest corporate press releasesFor more information visit www.aquilaresources.com |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |