Highbank Resources Ltd.: Highland Valley Property Drilling Permits Received
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/17/11 -- Highbank Resources Ltd. (TSX VENTURE: HBK)(FRANKFURT: V7O) (the "Company") is pleased to announce that it is in receipt from the British Columbia Ministry of Energy and Mines the Mines Act Permit authorizing exploration activities as detailed in the Notice of Work Program. The program outlines the drilling of 2000 meters in the Chataway Creek and Zone areas located in the northwest corners of its large property covering over 24,000 acres in the world class Highland Valley copper ("HVC") porphyry district, Kamloops Mining Division of British Columbia. Over 1.8 billion tonnes of resources in five deposits have been discovered in the Highland Valley district to date.
The Company has an option to acquire a 50% interest in the Highland Valley property from Moag Copper Gold Resources Inc. The Property covering an area over 36 square miles is located 7 kilometers southeast of the Highmont pit, part of Teck's Highland Valley Copper, Canada's largest operating base metal mine and 4 kilometers north of high grade copper producer Craigmont Mines.
The nine hole drilling program is designed to test:
Drill locations and further details of the property can be reviewed in the report entitled 'Geological Report on the Highland Valley Property' by William R. Bergey, P.Eng., Consulting Geologist dated September 25, 2009 and filed on SEDAR and the Company's website at .
Anomalous MMI geochemical results were obtained over a wide zone of intersecting faults that follows Chataway Creek. An MMI anomaly area was also detected over the Chataway Zone south of Chataway Lake where a historical resource of approximately 500,000 tonnes grading 1.58% copper was reported. The resource estimate was based on rather sparse diamond drilling and it is non-compliant under NI 43-101.
This news release has been reviewed and approved by Mr. William R. Bergey, the qualified person under NI 43-101.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Bradley L. Jones , c.a., Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Highbank Resources Ltd.
Bradley L. Jones, c.a.
Director
(604) 683-6648
(604) 683-1350 (FAX)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.08.2011 - 12:00 Uhr
Sprache: Deutsch
News-ID 47455
Anzahl Zeichen: 4825
contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
Diese Pressemitteilung wurde bisher 167 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Highbank Resources Ltd.: Highland Valley Property Drilling Permits Received"
steht unter der journalistisch-redaktionellen Verantwortung von
Highbank Resources Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
