HBM:CA announced today it has earned a 51% interest in Aquila’s Back Forty gold-silver-copper zinc mine in Michigan’s Upper Peninsula. Exploration at the property is ongoing, and an updated NI 43-101 mineral resource estimate is underway.
“We are encouraged by ongoing progress at the Back Forty Project and are pleased to have reached this milestone in our relationship with Aquila Resources,” commented David Garofalo, HudBay’s President and CEO. Riverside, which specializes in gold exploration in Mexico and the United States, has an approximate market cap of $15M and approximately $3.4 million in cash.
View Company Profile