Aquila Resources Inc. discovered new mineralization at its Back Forty project in Michigan.
Initial assay results from two of 10 recently completed drill holes indicate potential for a deposit located 150 meters from the Pinwheel zone and 500 meters from the resource at Back Forty, according to a Sept. 27 news release.
"The results provide the potential to add to the resource base and mine life at Back Forty," the company's CEO Barry Hildred said in the statement.
Drill hole LK-16-515 intersected a new lens of zinc-rich massive sulfide with 8.43 meters grading 4.9% zinc, 0.97 g/t of gold, 13.0 g/t of silver, 0.18% copper and 0.08% lead, while drill hole LK-16-516 returned 13.02 meters grading 4.92% zinc, 0.81 g/t of gold, 23.64 g/t of silver, 0.08% copper and 0.42% lead.
Aquila Resources recently completed 10 drill holes focused on testing extensions of mineralization and geophysical targets near the Back Forty resource. Assays are pending for a third undercut below LK-16-516, as well as other holes targeting other geophysical anomalies and extensions of Pinwheel to the northeast.