22:11:45 EDT Sat 04 May 2024
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Highbank Resources Ltd
Symbol HBK
Shares Issued 78,017,749
Close 2014-03-26 C$ 0.17
Market Cap C$ 13,263,017
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Highbank receives Mines Act permit for Swamp Point

2014-03-26 09:08 ET - News Release

Mr. Victor Bryant reports

HIGHBANK RECEIVES MINES ACT PERMIT ON ITS SWAMP POINT NORTH AGGREGATE PROJECT

Further to Highbank Resources Ltd.'s news release dated March 19, 2014, the company has received the Mines Act permit which authorizes sand and gravel extraction activities as detailed in the notice of work and reclamation program (NoW) dated Oct. 31, 2013.

Victor Bryant, president and chief executive officer, commented: "We are very pleased that we have reached another milestone in the development of the Swamp Point North aggregate project. From the initial signing of an earn-in agreement with Portland Canal Aggregates Corp. in 2003; preliminary testing -- seismic surveying, road building, site preparation, sonic drilling and airborne surveying in 2005 and 2006; through to defining the deposit in a National Instrument 43-101 technical report in November, 2007; and completing the earn in of a 100-per-cent working ownership interest in 2008; the company has persevered."

Mr. Bryant further commented: "Bringing a mining property from its discovery through to a permitted operation is an achievement that involves a partnership with government, first nations, local stakeholders, consultants and the investment community. We wish to wholeheartedly thank all those who have contributed to our mutual success. We look forward to moving to production, supporting job creation, and providing opportunities for growth in the Pacific Northwest, and throughout British Columbia."

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