09:58 AM EST - Aquila Resources Inc. : provided an update on exploration activity at its 100%-owned gold projects -- the Reef Gold Project in central Wisconsin, and the Peninsula Gold Project in the Upper Peninsula of Michigan. Drilling is underway at both projects with encouraging results. With continued success and the acquisition of additional gold properties, the Company is considering alternatives for reorganizing its gold assets to maximize their value to Aquila shareholders. Notable highlights from results to date include visible gold in surface float at the Reef Project, and visible gold in drill core from Peninsula. Aquila Resources Inc.
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