Aquila Resources Inc. announced drill results from recent exploration activity at its Back Forty project in Michigan's Upper Peninsula. Four drill holes, two testing extensions of the Back Forty deposit, and two testing a separate geophysical anomaly, were completed in late 2015. Drill holes LK-15-508 and LK-15-509, targeting expansion of the Back Forty resource along extensions of the Pinwheel massive sulfide horizon encountered high grade gold and silver mineralization overlying sections of zinc and copper rich massive sulfide.

Drill hole LK-15-508 intersected 9.18 g/t Au, 61.6 g/t Ag, and 1.51% Zn over 14.1 m, including 38.5 g/t Au, 231.8 g/t Ag over 2.85 m in sheared tuffaceous sediments, overlying 8.23 m of massive sulfide returning 0.071 g/t Au, 14.4 g/t Ag, and 2.48% Zn. LK-15-509, drilled approximately 40 m west of LK- 15-508, encountered two massive sulfide lenses. An upper lens 1.6 m thick of 0.62 g/t Au, 25.9 g/t Ag, and 4.25% Zn, and a lower lens of 10 m of 0.71 g/t Au, 35.7 g/t Ag, and 2.24% Zn.

These holes are step outs along the northeast extension of the Pinwheel massive sulfide proximal to the proposed Back Forty open pit as in an updated Preliminary Economic Assessment filed in September 2014, and represent important extensions of potential underground mineralization adjacent to the open pit. LK-15-508 represents a step out of 50 meters from previously drilled hole LK-312 which intersected 9.5 m of 6.5 g/t Au and 55 g/t Ag. LK-15-509 was a 45 m meter step out from previously drilled LK-178PE which intersected 29.72 m of 0.64 g/t Au, 24 g/t Ag, and 9.5% Zn.

The Pinwheel massive sulfide and associated gold zones remain open to the northeast, southwest and at depth, and will be targeted by additional exploration drilling in 2016. Two additional drill holes, PHC-1 and PHC-2, targeting an airborne electromagnetic anomaly approximately one kilometer southeast of the Back Forty deposit encountered a 25 to 50 meter thick section of finely bedded, exhalative sediments with disseminated pyrrhotite, pyrite, and minor chalcopyrite and sphalerite, with anomalous zinc and copper. This prospective sedimentary package was hosted by altered fragmental felsic pyroclastic rocks cut by quartz feldspar porphyries, very similar to the Back Forty host sequence, and may represent an extension of, or a similar horizon to, the Back Forty host rocks and mineralized horizons.

Downhole electromagnetic probing of PHC-01 and 02, and response modeling from these surveys have indicated the holes were just off the edge of, and on the edge of, a plunging conductive plate possibly indicating a thickening of sulfides below and along strike of the drill holes. Further geophysical exploration and drilling along this horizon is planned for 2016.