VANCOUVER, BC–(Marketwired – February 19, 2015) – Highbank Resources Ltd. (the “Company”), (TSX VENTURE: HBK).
Victor N. Bryant, CEO/President reports: “A crew at Swamp Point North (“SPN”) has recently returned to the site and is active clearing snow, upgrading and maintaining roads, and logging/clearing further quarry area for stockpiles. Khtada Environmental Services LP monitoring personnel were on site last week taking samples in compliance with our Mines Act Permit. A supply barge left the Port of Prince Rupert, Wednesday morning to arrive later today. The barge manifest included specific winter weather materials — chains for the 30 ton rock trucks, corks/spikes for the bulldozer, winter camp supplies and additional large diameter culvert pipes for appropriate road and drainage use.”
“I will be arriving at the SPN project today with Stan Spletzer (V.P. of Aggregate Operations) and Bill Faulhaffer (Journeyman Quarry Operations Manager), who will be in charge of the day to day operations of our quarry operation. Also accompanying us will be a Micon International engineer to commence work on the PEA study as per our February 16, 2015 new release.”
“The SPN project crew was making ready to move on site for February 1, 2015 when a significant snow event occurred. Presently, there is about three feet of snow on site, but we can see no reason that we, as a Canadian Company are going to stop progress for snow. Additional crews are expecting to arrive to SPN Friday, February 20th to further enhance roads; excavate discharge settling ponds for the wash plant; commission the wash plant, move the jaw crusher to optimal positioning and commission the jaw crusher; install culverts for further water runoff management; expand shoreline area for stockpiling and shipping finished aggregates; and last but not least, commission the quarry and plant to process through the first of many barge loads of aggregate for 2015 anticipated sales.”
‘Northern View’ – Prince Rupert news….. Prince Rupert LNG (a partnership with BG Canada and The Westcoast Connector Gas Transmission Project) have opened a community engagement office at 610 – 2nd Ave. in Prince Rupert, B.C. and welcomes you to come by and visit them to discuss their Ridley Island LNG project or visit their website at www.princerupertlng.ca.
Also, Aurora LNG (a joint venture between Nexen Energy ULC — a CNOOC Limited company, INPEX Corporation and JGC Exploration Canada Ltd.) will be opening their community office at 344, 2nd Avenue West in Prince Rupert in early March or visit their website at www.auroralng.com. For more information about the B.C. environmental assessment process, go to www.eao.gov.bc.ca. A Community Information Open House has taken place on February 18th in Prince Rupert in addition to the BC Environmental Assessment Office (BCEAO)-led public comment periods that are part of the environmental assessment process. Aurora LNG is currently studying the viability of constructing and operating a LNG facility and marine terminal, near Prince Rupert, on Digby Island. Feedback received from the Open House will be considered by the Aurora Project team, along with environmental, technical and socio-economic considerations.
On behalf of the Board of Directors of HIGHBANK RESOURCES LTD.
“Victor N. Bryant”
Victor N. Bryant, CEO/President
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This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, title disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward-looking statements by the use of terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. By their very nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company’s interim and annual financial statements and management’s discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.