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| Aquila Resources Inc. (TSX: AQA) is focused on the exploration, evaluation and potential development of the Back Forty Project in Menominee County, Michigan, USA. This advanced-stage volcanogenic massive sulfide (VMS) deposit containing gold, zinc, copper and silver was discovered in 2001. |
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| Aquila is pleased to announce that they have entered into a Subscription, Option and Joint Venture Agreement with HudBay Minerals Inc. HudBay brings to the project extensive development and operating expertise, as well as financial resources and marketing expertise for the metals to be produced at the Back Forty. This transaction will allow us to maintain our timeline for development of the Project, and is a strong fit with the Aquila strategy of working to create shareholder value by participating in building and maintaining economically sound, environmentally responsible operations with a focus on safety and social responsibility. |
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