Marketwire
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 19, 2013) - Highbank Resources Ltd. (the "Company") (TSX VENTURE:HBK) (FRANKFURT:V7O)is pleased to announce that the application for the expanded tenure area of its Swamp Point North aggregate deposit has been approved by the Ministry of Forests, Lands and Natural Resource Operations of B.C. This approval more than doubles, and increases the Gravel/Quarry Licence of Occupation ("LoO") area by an additional 72 hectares to a total 123 hectares and has the potential to significantly increase the resource.
It is not intended to mine from the expanded area at this time, as sufficient aggregate material has been located on the original LoO to satisfy demand in the Port of Prince Rupert area; however, it consolidates the Highbank land position, essential for forward planning and viability, ensures the Company's long term future and the ability to meet any expected future demands.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
Victor N. Bryant, CEO/President
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
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.