OTCQX:HBORF - Post by User
Post by
oilcanharryon May 06, 2004 12:41pm
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Post# 7450836
Tulawaka
TulawakaThe Tulawaka area is heating up . Northern Mining (MDN) announced on May 3rd that it had secured financing from Barrick Resources for it's 30% share of the cost of taking Tulawaka into production. The total cost of the mill being built there is estimated at 42.5 million. I don't think Barrick would enter into this kind of expense unless they felt that there was going to be a huge increase in the resource to be discovered in the area. Barrick does not build mills only to run them for a few years. They are expecting and have good reason to believe that the claims surronding theirs will be able to sustain and feed the mill for many more years as the known resource is expanded. It just so happens that Lakota has seven prospecting licenses to the northwest of the Tulawaka project/discovery. Lakota has Nothern Mining as a JV. partner on five of them.
So stop and think about it, whose properties will be feeding Barricks mill, you guessed it Lakota's. And this is only one of Lakota's projects. Lakota's roadmap to prosperity is all being laid out for those that take a little time to investigate.