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Monday, December 11, 2017 Derek Macpherson

Aquila Provides Permitting Update

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Aquila Resources Inc. (TSX:AQA) has provided an update on the company’s permit application with the Michigan Department of Environmental Quality (MDEQ), which has deemed that Aquila’s wetland/steam /floodplain permit application for the Back Forty project is administratively complete and the regulatory technical review process may now move to the next stage. This is the fourth and final major permit that remains for Aquila to build and operate the Back Forty project, which is planned to be an open-pit zinc-gold mine in Michigan’s Upper Peninsula. The public hearing for this permit is scheduled for January 23, 2018, with a final decision on it, expected in the first half of 2018. Aquila is currently well positioned to complete the Back Forty projects feasibility and start construction once the final permit has been granted.  read more


Thursday, November 09, 2017 Derek Macpherson

AQA Announces Stream & Equity Financing with Osisko

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Aquila Resources Inc. (TSX:AQA) has announced a financing transaction with Osisko Gold Royalties (TSX:OR) whereby Osisko has agreed to commit $65M to Aquila through a $10M private placement and a $55M gold stream purchase agreement. The initial $17.5M in funding should provide AQA sufficient liquidity to complete all pre-construction activities, while the balance of the stream payment ($47.5M) is likely to be a good start for the $261M of pre-production capital. Aquila is now well positioned to complete its feasibility and start construction once the final permit has been granted.  read more


Friday, November 03, 2017 Derek Macpherson

AQA Reports Final Drill Results

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Aquila Resources Inc. (TSX:AQA) has reported the final drill results from its 2017 drilling program at the Back Forty project in Michigan. The company had identified a new zone of massive sulphide mineralization during the 2016 drilling program and have just tested the area. Drilling results released by the company include 1.27 g/t gold, 15.78 g/t silver and 12.17% zinc over 7.09m in hole LK-17-537, the hole had tested a southwest extension of the 2016 zone. The drill results support management’s objective of connecting the new zone’s mineralization to the project’s existing resource base in the near future. The drilling indicated that the mineralization extends for more than 120m and is open along strike. Aquila currently trades at a premium to peers on an EV/lb basis (C$0.022 vs. peers C$0.017). We believe a premium is warranted given the company’s advanced permitting stage, good jurisdiction, exploration upside and stage of development. We expect additional exploration results and the pending feasibility study along with the final permit needed for construction to be important near-term catalysts for the company.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Monday, August 28, 2017 Derek Macpherson

AQA Drilling Continues to Highlight Near-Pit Potential

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Aquila Resources Inc. (TSX:AQA) reported additional drill results from its ongoing drill program at its Back Forty project in Michigan. Drilling continued to target the Pinwheel, Deep Zone and Main Zone, all of which are located outside of the proposed open pit. In the Deep Zone, located below the proposed pit, three holes intersected mineralization outside of the known resources including the upper part of the Tuff Zone and 90 Gold Zone. In addition, both holes LK-17-526 and LK-17-527 intersected mineralization down-dip of Pinwheel. Results from the program continue to highlight the project’s exploration potential and ability to add resources. In Q3 2017, results are expected to be released from drilling which targeted a new mineralized zone 500m from the proposed pit. Aquila trades at a premium to peers on an EV/lb basis (C$0.021 vs. peers C$0.016). We believe the premium valuation is warranted given the company’s advanced permitting stage, good jurisdiction, exploration upside and stage of development. We expect additional exploration results and the pending feasibility study along with the final permit needed for construction as important near-term catalysts for the company. read more


Wednesday, June 07, 2017 Derek Macpherson

AQA Exploration Highlights Back Forty Potential

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Aquila Resources Inc. (TSX:AQA) reported 10 initial drill results from its ongoing drill program at its Back Forty project in Michigan. Initial drill results from the program are promising, with these near-surface results suggesting that the initial open-pit phase of the project could be extended, along with suggesting potential resource expansion. Aquila trades at a premium to peers, which we believe it warranted given its good jurisdiction, advanced permitting, exploration upside and late-stage of development. read more


Thursday, May 11, 2017 Derek Macpherson

RCKS Drilling Deeper Lunch; Focus on Zinc

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Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted another installment of our Drilling Deeper Lunch series, this time featuring three zinc companies, a producer, a developer, and an explorer. The presenting companies were Tinka Resources Ltd. (TSXV:TK), Ascendant Resources Inc. (TSXV:ASND) and Aquila Resources Inc. (TSX:AQA). We believe all three presenters are well positioned to take advantage of the strong fundamentals we see for zinc.  read more


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