EXPM:HRTFF - Post by User
Comment by
Rats66on Jun 21, 2011 11:57am
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Post# 18744184
RE: Anyone going to the General Meeting today..
RE: Anyone going to the General Meeting today..Annual meeting was brief, to the point and well attended (approx 30). All resolutions and election of board passed.
Following official meeting, there was a presentation on the progress of the exploration. The indicated & inferred resources in Sugar Zone (397,000 oz) can be recovered at 80% by crushing & gravity recovery at a far lower capex & operating cost with no environmental damage (no chemicals). A crushing mill can be implemented for $15-$20M, for a recovery cost of approx $300/oz.
Sugar Zone depth drilling indicates convergence of deposits at depth with expectations of significant deposits.
Fold Nose - IP survey on going right now & Drilling to start within weeks. The west side of the mineralization structure is also being explored with good indications and expectations of future drilling.
All very positive news for those who are holding on to their stocks.