Toronto mining company finds significant gold deposits near Wausau
Aquila Resources Inc., announcing the results of a drilling program at its Reef Gold project near Wausau, said it has identified additional gold mineralization, including significant levels in two of the holes that it drilled.
According to Aquila, the program was successful in outlining the initial framework for mining at some point in the future. Gold was found in what the company called stacked, sheet-like quartz veins, which indicates excellent exploration potential.
Since acquiring the mineral rights to hundreds of acres of land in the Town of Easton in March of 2011, Aquila has completed 42 drill holes totaling approximately 4,400 meters. The company is preparing a third round of exploration drilling for the upcoming winter season.