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Drilling Permit Expected to Be Issued Early Next Week
NEW YORK, NY -- (MARKET WIRE) -- 06/16/06 -- HE-5 Resources, Corp. (PINKSHEETS: HRRP) today announced the positive feedback from the County Officials in Carson City, Nevada, following their visit to the Overman Property yesterday. The county officials were very pleased with the way that HE-5 is conducting matters toward mining and production at the Overman Property. This successful visit coupled with the positive assessment by BLM following their visit on Monday, assures that the permit will be approved to allow the commencement of drilling at the Overman Property. HE-5 expects the permit to be issued early next week at which point a bond will be deposited. 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 at least one month earlier than originally planned. HE-5 is well on its way to generating cash flow and profit from the Overman Property Project that will create significant value for its shareholders.
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5:1 Forward Split went into effect today price after split .0054 price now .011 up 103% actually from split price with news and with drilling ahead of schedule this is gonna be huge IMO
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