Le Lézard
Classified in: Mining industry, Business
Subject: ERN

Aquila Resources Files Third Quarter 2017 Financial Results



Shares Outstanding: 281,350,564

TORONTO, Nov. 10, 2017 /CNW/ - Aquila Resources Inc. (TSX: AQA) ("Aquila"), a permitting-stage company advancing the zinc- and gold-rich Back Forty Project in Michigan's Upper Peninsula, today filed its financial results for the three- and nine-month periods ended September 30, 2017.  All amounts, unless indicated, are reported in U.S. dollars.

THIRD QUARTER HIGHLIGHTS

POST QUARTER HIGHLIGHTS

"During the quarter we made significant progress related to the advancement of the Back Forty Project," said Barry Hildred, CEO of Aquila Resources.  "We are working closely with the MDEQ in order to expedite the completion of the fourth and final required permit.  As we await this permit, we are moving ahead on a number of initiatives to ensure we are construction ready, including adding to the leadership team and, exploring strategic and financing options for the project."

ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development-stage company with strategic assets in the Great Lakes Region. The company is currently focused on advancing permitting activities for its 100%-owned high grade polymetallic Back Forty Project in Michigan. 

Aquila's flagship Back Forty Project is an open pit volcanogenic massive sulfide deposit with underground potential located along the mineral-rich Penokean Volcanic Belt in Michigan's Upper Peninsula.  The Project contains approximately 1 billion pounds of zinc and 1 million ounces of gold in the M&I categories, with additional upside potential.  Currently Aquila is trying to secure the final State permit required to build and operate Back Forty while completing a Feasibility Study.

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: (i) the economic analysis contained in the PEA; (ii) the development plan of the PEA and results thereof; (iii) capital expenditure programs; (iv) the quality or quantity of the mineral resources subject to estimates by Aquila; and (v) work plans to be conducted by Aquila.

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.


These press releases may also interest you

at 00:27
Rockwell Diamonds Inc. ("Rockwell" or the "Company") (NEX: RDI.H)  (JSE: RDI) announced today that that there is no change to the status quo, following on to the Company's inability to file its audited Annual Financial Statements for the year ended...

17 oct 2018
Netcoins Holdings Inc. ("NETC" or the "Company") is pleased to announce that it has awarded restricted share units (the "RS Units") to certain directors, officers and employees of the Company pursuant to the Company's fixed number restricted share...

17 oct 2018
CLEVELAND, Oct. 17, 2018 /PRNewswire-PRWeb/ -- The Garland Company, Inc. ? a worldwide leader in the manufacturing of high-performance building envelope solutions ? was recently recertified as an ISO 9001:2015 company. ISO 9001 monitors Garland's...

17 oct 2018
Global Lithium Mining to 2022 - Lithium-ion battery market growth driving two-fold increase in production over the next 4 yearsDownload the full report: https://www.reportbuyer.com/product/5588765 SummaryGlobalData's "Global Lithium Mining to 2022",...

17 oct 2018
IGC Resources Inc. ("IGC" or the "Company") is pleased to announce that it has entered into an engagement agreement with Westleaf Cannabis Inc. ("Westleaf") and Canaccord Genuity Corp. ("Canaccord"), as lead agent, on behalf of a syndicate of...

17 oct 2018
Xanadu Mines Ltd ("Xanadu" or the "Company") (ASX: XAM; TSX: XAM) is pleased to announce that its ordinary shares will commence trading on the Toronto Stock Exchange (the TSX) under the symbol "XAM" at the open of trade in Toronto on 18 October 2018....




News published on 10 november 2017 at 07:57 and distributed by: