NEWS BEI AQUILA!!! - 500 Beiträge pro Seite

[Momesso]

Aquila Resources drills 87 m of 9.8% Zn at Back Forty


2007-06-18 03:26 ET - News Release

Mr. Thomas Quigley reports

AQUILA DRILLS LARGEST ZINC INTERCEPT TO DATE 87 METERS 9.8% ZINC AND IDENTIFIES ADDITIONAL GOLD MINERALIZATION 27.8 METERS 5.07 GRAMS PER TONNE GOLD

Aquila Resources Inc. today released results of recent drilling at the Back Forty project. These results represent holes targeting expansion of high-grade gold and base metals of the Main zone hinge and Deep zone massive sulphides and stringer zones.

Highlights

Main zone hinge:


87 metres of 9.8 per cent zinc and 2.32 grams per tonne (g/t) gold, including 36 metres 17.5 per cent zinc in LK-165;
54.3 metres of 3.09 g/t gold, 13.9 g/t silver, and 0.4 per cent copper, including 27.8 metres of 5.07 g/t gold, in massive sulphides and stockwork stringer mineralization in LK-161; and
16.35 metres of 2.05 g/t gold in LK-163.

Deep zone:


19.96 metres of 3.01 per cent zinc, 0.38 g/t gold, 12.2 g/t silver in LK-161.

More detailed results are shown in the attached table.


SUMMARY DRILL RESULTS
All
intervals
in metres Width(i) Au Ag Cu Pb Zn
Hole No. From To (g/t) (g/t) (%) (%) (%) Description

Main zone
massive
sulphide and
LK-161 97.69 152.0 54.31 3.09 13.88 0.40 0.09 0.07 stringer
Main zone
massive
sulphide and
including 97.69 125.5 27.81 5.07 18.60 0.60 0.12 0.12 stringer
Main zone
massive
sulphide and
including 105.0 122.5 17.5 6.57 20.61 0.68 0.13 0.14 stringer
Deep zone
LK-161 272.0 291.98 19.98 0.40 13.05 0.08 0.08 3.01 massive sulphide
Deep zone
including 279.5 287.0 7.5 0.38 12.2 0.06 0.07 3.93 massive sulphide
Sulphide stringer
LK-162 79.51 142 62.49 0.49 (ii) (ii) (ii) (ii) and QFP dike
including 79.51 86.0 6.49 1.90 (ii) (ii) (ii) (ii) Sulphide stringer
LK-163 32.73 63 30.27 1.44 (ii) (ii) (ii) (ii) Sulphide stringer
including 39.85 56.2 16.35 2.05 (ii) (ii) (ii) (ii) Sulphide stringer
including 39.85 45.5 5.65 3.05 (ii) (ii) (ii) (ii) Sulphide stringer
LK-165 114.65 201.65 87.0 2.32 17.37 0.30 0.03 9.80 Massive sulphide
including 161.15 197.15 36 2.40 19.04 0.43 0.02 17.48 Massive sulphide
including 168.65 188.15 19.5 2.23 22.0 0.58 0.02 23.54 Massive sulphide

(i) Drilled interval, true width unknown
(ii) Trace metal analyses pending/delayed

Drill holes LK-161, 162, 163 and 165 were designed to test the lateral extent of exceptionally large, zinc-rich massive sulphide and associated gold mineralization initially defined by holes LK-148, LK-150, LK-151 and 108416 within and on the northern margin of the Main zone hinge. LK-160 and LK-164 were aborted due to drilling conditions.

LK-165 was an infill hole drilled in a poorly defined portion of the Main zone hinge, and has yielded the largest massive sulphide intercept drilled to date, nearly doubling the massive sulphide thickness used in the National Instrument 43-101 resource model for this area of the hinge.

Significant gold mineralization was encountered in LK-161, 162 and 163, confirming the presence of yet another concentration of the precious metals at Back Forty. This zone, centred on Section 435225E, may be structurally controlled and related to a postulated fault that downdrops the Main hinge zone westward. Previous intercepts in this area included 17.3 metres of 6.62 g/t Au in 108416 and 58.5 metres of 5.1 g/t Au in LK-148.

The gold in LK-163 is significant because it has identified potentially economic mineralization above Main zone hinge massive sulphides within 50 metres of surface.

LK-161 also intersected zinc mineralization in the Deep zone massive sulphide, further defining the geometry and increasing the base-metal potential of this zone.

Drilling in the Main zone hinge area continues to define and expand thick massive sulphides and underlying stringer gold-copper mineralization as well as porphyry margin gold mineralization and possible eastward extensions of the 90 gold zone. This area of drilling lies between the near-surface gossans and massive sulphides of the East zone (one million tonnes of 5.2 per cent zinc and four g/t gold) and the near-surface Pinwheel zone (1.25 million tonnes of 1.6 per cent copper, 2.53 g/t gold and 66 g/t silver). The extent of mineralization in the Main zone hinge area will be important in determining the size and geometry of potential open-pit design related to these near-surface zones.

Two additional drill holes (RS-1 and RN-3) testing AEM anomalies on a separate property to the south intersected disseminated pyrrhotite mineralization in volcanic rocks and exhalative sediments of probable equivalent age to the Back Forty lithologies. No significant base or precious metals were encountered. The holes are scheduled for follow-up downhole pulse EM surveying this summer.

To date, samples from six additional drill holes have been shipped for assay and five more holes have been completed and are in core processing. Three rigs continue to operate at the Back Forty property. Targets include the down-dip expansion of the Pinwheel zone, the deep on-strike extension of the Main zone south limb, and the continued delineation of gold and massive sulphide mineralization associated with the Main zone hinge. An up-to-date plan map of completed and pending holes is available on the company's website.

Sample preparation and analyses for this release were conducted by Accurassay Labs in Thunder Bay, Ont., on split drill core supplied by Aquila. Standards were inserted in the sample sequences with check assays and reruns routinely conducted. Tom Quigley, PGeo, and president of Aquila, is the qualified person as described in National Instrument 43-101 for the Back Forty project and is responsible for the content of this press release.

We seek Safe Harbor.

[Momesso]

Antwort auf Beitrag Nr.: 29.997.647 von Momesso am 18.06.07 14:54:55

Vorbörslich in Canada

18.2 1.48 · 1.48 17.3

[Momesso]

1.62 (319) / 1.62 (311)

[Momesso]

[MunichStock]

News bei Aquila!!!

Ich werde mir welche dazugekaufen!

Hab mir heute morgen allerding erstmal einen Put auf die 3.größte US-Bank JPMorgan zugelegt (WKN DB8J79). 25.000 aus dem Ask zu 0,13 EUR gekauft; damit mir die Immobilienkrise wenigstens Bruchteile meiner Verluste bei den Rohstoffen zurückbringt.

[schuppe07]

http://de.advfn.com/p.php?pid=staticchart&s=TX^cce&p=0&t=16&…

[Simba2006]

Der gestrige Feiertag scheint den Holzfällern nicht gut getan
zu haben