Sale of Hudson Bay Inc.’s Stake Gives Aquila Resources 100 % Ownership of Back Forty Project

Hudson Bay Minerals Inc. announced the sale of its 51% interest in the Back Forty Project in Michigan's Upper Peninsula to its joint venture partner Aquila Resources Inc.

The Back Forty project is an advanced-staged exploration project delineating a zinc and gold rich volcanogenic massive sulfide (VMS) deposit located within the Penokean Volcanic Belt. Over the past 10 years more than $50 million has been spent exploring and advancing the Back Forty project by Hudson Bay Minerals, Aquila Resources and various other partners.. Aquila Resources now owns a 100 % of Back Forty Project.

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http://www.marketwired.com/press-release/hudbay-completes-the-sale-of-its-interest-in-the-back-forty-project-tsx-hbm-1870163.htm