Shares Outstanding: 337,974,556
TORONTO,
Nov. 12,
2018 /CNW/ - Aquila Resources Inc.
(TSX: AQA) ("Aquila" or the "Company") is
pleased to announce the appointment of Mr. Jacques Perron to its Board of Directors.
Ted Munden, Chair of the Board of
Directors, commented, "We are delighted to welcome a mine builder
and operator with Mr. Perron's experience and leadership abilities
to our Board. We look forward to benefiting from Jacques' insights
as we advance the Back Forty Project through the next phases of its
development."
Mr. Jacques Perron, a resident of
Colorado, has worked in the mining
industry for more than 30 years and has extensive technical and
operations experience. Mr. Perron was appointed as a director of
Centerra Gold Inc. in October 2016
and as a director of Victoria Gold Corp. in June 2018. Most recently, Mr. Perron was
President, Chief Executive Officer and Director of Thompson Creek
Metals Company Inc. Prior to joining Thompson Creek in 2013, Mr.
Perron was President and Chief Executive Officer of St Andrew
Goldfields Ltd. since 2007. Previous senior management positions
included Senior Vice President of IAMGOLD Corporation from 2006 to
2007 and Vice President, Canada of
Cambior Inc. from 2004 to 2006. From 1984 to 2004, Mr. Perron held
a variety of increasingly senior management positions with Cameco
Inc., Placer Dome Canada Limited, Breakwater Resources Ltd.,
Cambior Inc., JS Redpath Ltd. and Noranda Inc. Mr. Perron has also
been a director of the Canadian Mineral Industry Education
Foundation since 2007. Mr. Perron has a Bachelor of Science degree
in Mining Engineering from l'École Polytechnique de Montréal.
ABOUT AQUILA RESOURCES
Aquila Resources Inc. (TSX: AQA) is a development‐stage company
with strategic assets in the Great Lakes Region. The Company's
experienced management team is focused on advancing
pre-construction activities for its 100%‐owned zinc‐ and gold‐rich
Back Forty Project in Michigan.
Aquila's flagship Back Forty Project is an open pit volcanogenic
massive sulfide deposit with underground potential located along
the mineral‐rich Penokean Volcanic Belt in Michigan's Upper Peninsula. The Project
contains approximately 1.1B pounds of
zinc and 1M ounces of gold in the
Measured & Indicated Mineral Resource categories, with
additional upside potential. Aquila has received all State and
Federal permissions required for the construction and commencement
of operations at the Back Forty Project.
The Company has three other exploration projects: Reef Gold
Project located in Marathon County,
Wisconsin, the Bend Project located in Taylor County, Wisconsin and Aquila Nickel
located in the Upper Peninsula,
Michigan. Reef is a gold-copper property and Bend is a
volcanogenic massive sulfide occurrence containing copper and
gold.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION
This press release may
contain certain forward-looking statements within the meaning of
applicable Canadian securities legislation. In certain cases,
forward‐looking statements can be identified by the use of words
such as "plans", "expects" or "does not anticipate", or "believes",
or variations of such words and phrases or statements that certain
actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved" and similar expressions
suggesting future outcomes or statements regarding an
outlook.
These and other forward-looking statements and
information are subject to various known and unknown risks and
uncertainties, many of which are beyond the ability of Aquila to
control or predict, that may cause their actual results,
performance or achievements to be materially different from those
expressed or implied thereby, and are developed based on
assumptions about such risks, uncertainties and other factors set
out herein.These risks include those described under the heading
"Risk Factors" in Aquila's most recent annual information form and
its other public filings, copies of which can be under Aquila's
profile at www.sedar.com. Aquila expressly disclaims any obligation
to update forward‐looking information except as required by
applicable 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 may vary materially. Accordingly, readers are advised not
to place undue reliance on forward‐looking statements or
information.Furthermore, Mineral Resources that are not Mineral
Reserves do not have demonstrated economic
viability.
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SOURCE Aquila Resources Inc.