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Aquila Resources Inc. (TSX VENTURE: AQA)(FRANKFURT: JM4A) is pleased to announce assay results from three additional drill holes in the ongoing drilling campaign at the Back Forty Project in the Upper Peninsula of Michigan. Twenty holes (4800 meters) have been drilled to date in the 2006 program. Previous press releases dated June 6 and July 18, 2006 have summarized results from the first 10 holes of the program. Additional assays are pending from drill holes LK-85 to LK-90 with the results to be announced when received. Drilling will resume at the property the week of August 1.
The latest results from holes LK-82, 83 and 84 were targeting extensions of the Tuff Zone and the south limb of the Main Zone massive sulfides. Results from the three holes reported herein are highlighted by LK-83 which hit five separate mineralized zones. The Main Zone massive sulfide intercept in LK-83 returned 36 meters (21.6 meter estimated true width) of 13.4% Zn along with the four other mineralized intercepts including 0.8 meters of 43.7 g/t Au, 8.23 % Zn, 588 g/t Ag, and 16.4% Pb. (see table below)
Composited Assay Summaries --------------------------------------- Est. Interval True BHID From To (m) width ---------------------------------------
--------------------------------------- LK82 98.50 100.10 2.60 2.10 --------------------------------------- LK82 234.00 295.50 61.50 50.40 --------------------------------------- includes 246.00 252.00 6.00 4.90 ---------------------------------------
--------------------------------------- LK83 51.50 65.00 13.50 10.13 --------------------------------------- includes 53.00 56.00 3.00 2.25 ---------------------------------------
--------------------------------------- LK83 169.70 170.50 0.80 ---------------------------------------
--------------------------------------- LK83 173.18 209.25 36.07 21.60 --------------------------------------- includes 183.50 209.25 25.75 15.45 ---------------------------------------
--------------------------------------- LK83 209.25 216.20 6.95 4.20 ---------------------------------------
---------------------------------------
LK83 224.40 260.50 36.10 21.66 ---------------------------------------
--------------------------------------- LK84 201.00 202.50 1.50 unknown ---------------------------------------
--------------------------------------- LK84 229.50 234.00 4.50 unknown --------------------------------------- includes 231.00 234.00 3.00 unknown ---------------------------------------
--------------------------------------------------
g/t BHID g/t Au %Zn %Cu Ag %Pb Description --------------------------------------------------
-------------------------------------------------- LK82 2.98 6.25 0.08 15.5 0.21 Rhyolite Tuff Porphyry margin -------------------------------------------------- LK82 0.22 1.00 0.02 1.9 0.03 Chloritic Tuff and Rhyolite Tuff stringers -------------------------------------------------- includes 0.29 2.53 0.02 1.7 0.01 --------------------------------------------------
-------------------------------------------------- LK83 0.85 1.69 0.01 31.7 0.47 Chloritic Tuff stringers -------------------------------------------------- includes 0.58 4.90 0.01 46.0 0.42 --------------------------------------------------
-------------------------------------------------- LK83 43.70 8.23 0.68 588.0 16.45 Massive sulfide above main zone --------------------------------------------------
-------------------------------------------------- LK83 0.85 13.42 0.09 9.1 0.03 Main Zone massive sulfide -------------------------------------------------- includes 0.73 16.64 0.07 8.3 0.03 --------------------------------------------------
-------------------------------------------------- LK83 2.55 1.75 0.58 36.1 0.06 Semimassive, and massive sulfide --------------------------------------------------
-------------------------------------------------- Stringer, semimassive, and LK83 1.72 0.04 0.45 14.4 0.02 massive sulfide --------------------------------------------------
-------------------------------------------------- LK84 6.39 1.44 0.39 399.0 3.39 Rhyolite Ash Tuff --------------------------------------------------
-------------------------------------------------- LK84 6.73 0.34 0.10 52.2 0.93 Silicified Rhyolite -------------------------------------------------- includes 9.41 0.23 0.14 73.5 1.27 --------------------------------------------------
LK-83 was drilled 23 meters west of hole 108460 which returned 13.7% Zn over 17 meters, and was designed to clarify the geometry and thickness of the Main Zone in this area. Results from LK-90 drilled to the west of LK-83 are pending. In LK-82, a 2.1 meter (est. true width) intercept of 6.25% Zn and 2.98 g/t Au represents the stratigraphically highest Zn intercept yet encountered in the uppermost rhyolite.
Other significant intercepts include 1.5 meters of 6.4 g/t Au and 4.5 meters of 6.7 g/t Au (true thickness unknown) in LK-84.
Bob Mahin, Senior Geologist and Qualified Person for the Back Forty project stated "We are very excited and encouraged about the results of the 2006 program thus far. The drilling at the Back Forty continues to hit multiple mineralized zones and significant intercepts of high grade zinc as well as gold and silver."
A longitudinal section of the Main Zone and Tuff Zone massive sulfides as well as a plan view of current drill holes will be posted on the Aquila website.
Drill core samples are split by Aquila with one half sent to ALS Chemex labs in Thunder Bay Ontario and Vancouver BC for preparation and analysis, with accuracy and precision monitored by checks, re runs, and standards.
Certain information regarding the Company contained herein may constitute forward-looking statements under applicable securities laws. Such statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The securities being offered have not and will not be registered in the United States under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws, and may not be offered or sold within the United States or to or for the account of benefit of U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to purchase securities in |