VANCOUVER, May 6 /CNW/ - Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV: HTR) reports that it has closed the transaction previously announced on February 22, 2011. Heatherdale has acquired Hunter Dickinson Acquisitions Inc., a non‐arm's length private company that holds a 60% interest, with the option to acquire 100%, in the Delta volcanogenic massive sulphide (VMS) project, located in east‐central Alaska about 19 miles (30 km) from the Alaska Highway, pursuant to a Limited Liability Company Agreement with Grayd Resource Corporation dated October 2010.
About Heatherdale
Heatherdale Resources Ltd. is a Vancouver-based exploration and development company associated with Hunter Dickinson Inc. (HDI). The Company holds a 51% interest in the Niblack Project, with an option to acquire up to a 70% interest from Niblack Mineral Development Inc. by investing an additional US$10 million and completing a bankable feasibility study. Niblack is a resource delineation stage project in southeast Alaska. The Company's acquisition of the mid-stage Delta Project has expanded its exploration and development pipeline.
About HDI
Hunter Dickinson Inc. (HDI) is a diversified, global mining company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.
On behalf of the Board of Directors
Patrick Smith
President & CEO
Neither the 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.
This release includes certain statements that may be deemed "forward‐looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward‐looking statements. Although the Company believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward‐looking statements. Factors that could cause actual results to differ materially from those in forward‐looking statements include market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward‐looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com
