posted
One of the few cheap GOLD stocks out there.
News yesterday.
HE-5 Resources, Corp. Signs Lease Agreement for Overman Property
Tuesday , April 25, 2006 08:30 ET
NEW YORK, NY, Apr 25, 2006 (MARKET WIRE via COMTEX) -- HE-5 Resources, Corp. (OTC: HRRP) is pleased to announce that it has signed a Lease Option to Purchase Agreement with Comstock Gold, LLC to acquire a 100% interest in the Overman Property situated in the Comstock District, Nevada. The Property includes sixteen unpatented claims and one patented claim situated in the Gold Hill section of the district. Shareholders may view digital photos of the Property by visiting the Projects page of the Corporate website: www.he-5resourcescorp.com. The Company is also pleased to report that with this acquisition, its business growth strategy is being executed ahead of schedule and it expects to achieve production and profitability as soon as the third quarter of 2006.
The Overman Property has a long production history dating back nearly to the original discovery of the Gold Hill segment of the Comstock Lode in 1859. Between 1861 and 1939, the Property produced 1,479,450 tons yielding approximately 316,881 equiv. oz gold (Au). (Source: US Bureau of Mines) Production existed until 1942 when War Order L-208 was issued. Production was by open pit.
Today, the Overman Property still ranks at the top of the district's properties in terms of its potential to generate a significant tonnage of material suitable for heap-leaching. It also possesses a unique set of circumstances from the permitting standpoint in that it lies within an area of existing disturbance, and will not have a significant bonding requirement.
Recent drilling programs have outlined a drill-indicated resource totalling 180,000 tons grading .05-.07 opt Au and 1.5-3.0 opt silver (Ag). The resource is characterized by (1) a simple, well-oxidized mineralogy, (2) a very favourable stripping ratio and (3) minable widths of higher grade material in the range of .08-.10 opt Au and 2.0-2.5 opt Ag. The property also contains an additional inferred resource of slightly more than 1 million tons grading .025 opt Au and .75 opt Ag. Approximately one quarter of the inferred tonnage lies on the existing pit floor, while the remainder lies southwest of the pit along the American Flat Branch of the Comstock Lode.
The goal of HE-5 Resources is to complete 7,000 to 8,000 feet of infill drilling in order to upgrade the resource to the drill measured status, and also to come to terms with Gold Spring / Plum Mining to process the ore on some type of toiling arrangement, or sell the resource outright. Production is expected to commence this November.
Geology of the Overman Property
The Comstock Lode is a world class epithermal volcanic-hosted precious metal deposit with a recorded production in slight excess of 8 million ounces of gold and 192 million ounces of silver between 1859 and the present. The district is characterized by a system of quartz / calcite veins measuring from a few feet to several hundred feet in width, which have been productive over a combined length of about 8 miles and locally to depths exceeding several thousand feet. The Overman Property is one of the district's larger producers and occupies a strategic position on the Lode; it straddles a very structurally complex area where the lode separates into branches.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
HE-5 Resources, Corp. Releases Work Schedule and Budget for Overman Property Project
NEW YORK, NY -- (MARKET WIRE) -- 04/27/06 -- HE-5 Resources, Corp. (OTC: HRRP), today announced that it has developed a Proposed Work Schedule and Preliminary Budget for the Overman Property Project. Shareholders may view the two documents on the Corporate website by clicking on the following link: http://www.he-5resourcescorp.com/overman.html. The Company is pleased to report that it is about one month ahead of schedule with respect to the first task of preparing notice of operations for BLM. In addition, sufficient funds have been secured to cover the total pre-production expenses, as outlined in the Preliminary Budget. Thus, HE-5 Resources is on track to commence production and realize income from the Overman Property Project by this November.
About the Overman Property Project
The Overman Property includes sixteen unpatented claims and one patented claim situated in the Gold Hill section of the Comstock District, Nevada. The Property is one of the district's larger producers and occupies a strategic position on the world class Comstock Lode precious metal deposit. Recent drilling programs have outlined a drill-indicated resource totalling 180,000 tons grading .05-.07 opt Au and 1.5-3.0 opt silver (Ag). The property also contains an additional inferred resource of slightly more than 1 million tons grading .025 opt Au and .75 opt Ag. The goal of HE-5 Resources is to complete 7,000 to 8,000 feet of infill drilling in order to upgrade the resource to the drill measured status, and also to come to terms with Gold Spring / Plum Mining to process the ore on some type of toiling arrangement, or sell the resource outright. Production is expected to commence this November.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
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HE-5 Resources, Corp. Forms Joint Venture With Sand Oil, Inc. for Ruby #1 and #2 Mine Project
NEW YORK, NY -- (MARKET WIRE) -- 05/03/06 -- HE-5 Resources, Corp. (OTC: HRRP), today announced that it has signed a Joint Venture Agreement with Sand Oil, Inc. (OTC: SDOI) in regards to the Ruby #1 and #2 Mine Project situated in Mono County, California. As per the Agreement, HE-5 Resources has sold to Sand Oil a 50% interest over a 5 year-period in the Ruby #1 and #2 Mine Project. In return for its investment, Sand Oil will receive 50% of the operating profits and be responsible for 50% of the expenses relating to this Project. Shareholders may access further details on the Ruby #1 and #2 Mine Project via the HE-5 Resources Corporate website by clicking on the following link: http://www.he-5resourcescorp.com/ruby.html
HE-5 Resources is also pleased to report that it will use the substantial proceeds from the sale of a 50% interest in the Ruby #1 and #2 Mine Project towards the Overman Property Project. This injection of capital will accelerate the exploration and development of the Overman Property and ensure that production commences by this November. HE-5 has decided to focus most of its efforts on the Overman Property Project and as stated in the last Press Release, it is about one month ahead of schedule with respect to the first task in the Proposed Work Schedule and sufficient funds have been secured to cover the total pre-production expenses, as outlined in the Preliminary Budget. Due to its strategic position on the Comstock Lode in Nevada, the Overman Property is one of the district's larger producers and ranks at the top of the district's properties in terms of its potential to generate a significant tonnage of material suitable for heap-leaching. HE-5 will employ the heap-leaching equipment that is already on-site to execute the gold extraction process.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
For more information on Sand Oil, Inc. please contact CEO George Abisaleh at georgeabi*rogers.com. Please note that the Corporate website is currently under construction to reflect the new strategy and operations of the Corporation.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
yeah.. cash flow financials coming up by Friday according to the previous PR. almost slipped off my radar. will choose an entry point and get in ASAP. looks like the ride hasnt yet started though.
Posts: 270 | Registered: Apr 2006
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NEW YORK, NY -- (MARKET WIRE) -- 05/11/06 -- HE-5 Resources, Corp. (OTC: HRRP), today announced that during a Special Meeting of the Board of Directors the Company approved a 5 for 1 forward split of the Company's common stock.
HE-5 has provided notice to the NASDAQ Stock Market of the stock split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
CEO Denyse Raynault stated: "This forward stock split is intended to lay the groundwork for the anticipated growth of the Company; in particular it will enable us to raise the required capital to acquire other mining claims in regions of the US that contain large, high-grade precious metal deposits." She went on to state: "It is also part of our ongoing efforts to improve trading liquidity, promote capital investment and enhance shareholder value."
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
Posts: 199 | From: beach, sc | Registered: Mar 2006
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posted
HE-5 Resources, Corp. Files Permit to Commence Drilling at Overman Property Issues Reminder to Investors of 5:1 Forward Stock Split
NEW YORK, NY -- (MARKET WIRE) -- 05/17/06 -- HE-5 Resources, Corp. (OTC: HRRP) today announced that it has filed the permit with the necessary authorities to allow the commencement of drilling at the Overman Property. HE-5 expects to receive approval of the permit in a maximum of 10 days at which point the Company will officially begin the drilling program at the Property. This would complete one of the most important tasks that appear on the Proposed Work Schedule for the Overman Property Project and enable HE-5 to commence drilling and ultimately production earlier than originally planned.
The drilling program at the Overman Property consists of, but is not limited to, the following activities. The first task will involve blocking out ore that has already been drilled off, amounting to approximately 180,000 tons, and preparing to haul it to the active heap leach operation that is only a 1/2 mile away. In addition, HE-5 will begin drilling to extend the drilled off reserve of 180,000 tons to the west, which is expected to expand the total millable reserves to at least 600,000 tons. Furthermore, HE-5 plans to continue drilling of the open floor of the open pit where the last mining operation was terminated in 1942 when War Order L-208 was issued. There is expected to be sizable grades of ore in that location.
HE-5 Management today issued a reminder to all current and prospective shareholders of the Company's upcoming 5:1 forward stock split. Investors have only one week remaining to purchase shares of HE-5 and be eligible to receive additional shares as a result of the forward split. Stockholders of record on May 26, 2006 will be entitled to five (5) shares of common stock for each share of common stock held on that date. The forward stock split will be effective on or about June 2, 2006, at which time the additional shares will be credited to the shareholders' accounts.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
posted
THINGS CAN ONLY GO UP FROM HERE GREAT NEWS THE PAST 2 DAYS
Thursday, May 18 2006 8:30 AM, EST
HE-5 Resources, Corp. Addresses Shareholders' Concerns Company Advertisement Appears in Resource World Magazine
NEW YORK, NY -- (MARKET WIRE) -- 05/18/06 -- HE-5 Resources, Corp. (OTC: HRRP) today announced that it has not and does not plan to offer and sell securities of the Corporation under Rule 504 of Regulation D. HE-5 is pleased to report that it has sufficient funds to cover the total pre-production expenses, as outlined in the Preliminary Budget for the Overman Property Project and thus does not need to raise additional capital by selling shares of the Corporation under Rule 504 at this time.
HE-5 also announced that a Company Advertisement has been published in the May Edition of Resource World Magazine on Page 3. Resource World Magazine is an investment magazine backed by editors that have a combined experience of more than 75 years in Mining, Oil & Gas, Energy and Exploration. The magazine's goal is to inform new and experienced investors of timely investment opportunities by providing up-to-date insights and perspectives on the resource sector. Resource World targets selected readers (i.e. public and institutional investors, stockbrokers, etc.) and is distributed at all major financial and resource conferences in Canada and the US. It is also available internationally at select newsstands and retail stores. For further information or to order a copy of the Magazine visit: http://www.resourceworld.com.
About HE-5 Resources, Corp.
HE-5 Resources, Corp. (HE-5) is a growth-oriented and emerging natural resources company. HE-5's mission is to maximize shareholder value by investing in pre-production mining projects, which are undervalued and have proven reserves that will increase the revenue and profit of the Company. HE-5's goal is to establish a vast mineral reserve and resource base with a focus on the following 5 metals: gold, silver, copper, zinc and platinum.
For more information on HE-5 Resources, Corp. please contact CEO Denyse Raynault at Raynault*he-5resourcescorp.com or visit the Corporate website at http://www.he-5resourcescorp.com.
Forward-Looking Statements
Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission.
Contact:
HE-5 Resources, Corp. CEO Denyse Raynault Ph# (775) 291-6469 E-mail: Raynault*he-5resourcescorp.com URL: http://www.he-5resourcescorp.comPosts: 199 | From: beach, sc | Registered: Mar 2006
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