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“The Board thanks Barry for his leadership and continued commitment to Aquila,” said Executive Director Ted Munden. “Since joining the company as President & CEO in 2013, Barry has been instrumental in the company’s recapitalization, completed the buyback of Hudbay Minerals’ Back Forty Project, successfully closed two streaming deals and completed the Back Forty Project the approval and trial advanced phase. We welcome Guy as President & CEO and look forward to benefiting from his significant technical and financial experience. “
“I am very excited to be joining the Aquila team,” said Guy Le Bel. “I see tremendous potential in Aquila’s portfolio of high quality polymetallic assets and look forward to unlocking their value for the benefit of everyone involved.”
ABOUT AQUILA
Aquila Resources Inc. (TSX: AQA, OTCQB: AQARF) is a development company focused on high quality, gold-rich projects in the upper midwestern United States. Aquila’s seasoned management team is focused on advancing preparatory activities for its 100% gold- and zinc-rich Back Forty project in Michigan.
Aquila’s flagship Back Forty Project is an open pit volcanogenic massive sulphide deposit with underground potential along the mineral-rich Penokean Volcanic Belt in Michigan’s Upper Peninsula. Back Forty contains approximately 1.1 million ounces of gold and 1.2 billion pounds of zinc in the Measured & Indicated Mineral Resource classifications with additional upside potential.
Aquila has two other exploration projects: the Reef Gold Project in Marathon County, Wisconsin and the Bend Project in Taylor County, Wisconsin. Reef is a gold-copper property and bend is a volcanogenic massive sulfide that contains copper and gold. For more information on Aquila’s financial statements, technical reports, material change reports, press releases and other information, please visit www.aquilaresources.com or on SEDAR www.sedar.com.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain forward-looking statements. In certain instances, forward-looking statements may be identified by the use of words such as “plans,” “expects,” or “does not anticipate,” or “believes,” or variations of such words and expressions or statements relating to specific actions. Events or results “may”, “could”, “would”, “could” or “are taken”, “occur” or “are achieved”. Forward-looking statements and information include, but are not limited to, statements regarding future approval and legal deadlines and the advancement of the company’s Back Forty project, the additional upside potential of the project, statements regarding the expected project economics for the Project, the potential conversion of Inferred Mineral Resources to Indicated Mineral Resources, and any projections set out in the Preliminary Economic Assessment for the Project. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond Aquila’s ability to control or predict. This could cause your actual results, performance or achievements to differ materially from those expressed or implied and are developed on the basis of assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to: Risks relating to the COVID-19 pandemic; and other related risks and uncertainties, including but not limited to the risks and uncertainties set out in Aquila’s records on its website at www.aquilaresources.com and on SEDAR www.sedar.com. Aquila assumes no obligation to update any forward-looking information unless required by 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 could vary materially. Accordingly, readers are cautioned not to place undue reliance on any forward-looking statements or information. In addition, mineral resources that are not mineral reserves have not shown economics.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210126006026/de/
contacts
Barry Hildred
Aquila Resources Inc.
Tel .: 647.943.5672
E-mail: bhildred@aquilaresources.com
Guy Le Bel
Aquila Resources Inc.
Tel .: 450.582.6789
E-mail: glebel@aquilaresources.com
David Carew
Aquila Resources Inc.
Tel .: 647.943.5677
E-mail: dcarew@aquilaresources.com
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