09:47 AM EST - Aquila Resources Inc. : announced drilling results and an update on activities at the Back Forty Project in the Upper Peninsula of Michigan. The Back Forty Project is a joint venture between Aquila and HudBay Minerals Inc., with HudBay currently holding a 51% interest and Aquila a 49% interest in the project. The project has recently entered a prefeasibility level of evaluation of a large volcanogenic massive sulfide deposit containing zinc, gold, silver and copper, and is expected to complete feasibility studies and submit a mine permit in the second quarter of 2012. Aquila Resources Inc.
shares T.AQA are trading even at $0.62.
