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Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) reported its results of operations for the three and six months that ended on June 30, 2013. Highlights include a completed NI 43-101 compliant amended feasibility study, the application for an Environmental Assessment Certificate that was submitted for the Harper Creek Project, and completing all the drilling for the in-fill drilling program announced in November 2012, with an additional 35 holes drilled for a total of 11,969m.
As quoted in the press release:
Key highlights for the six months ended June 30, 2013 and subsequent weeks include:
- Detailed NI 43-101 compliant amended feasibility study was completed and filed on March 29, 2012 and restated and amended as of January 25, 2013.
- In April 2013, the Company submitted the application for an Environmental Assessment (“EA”) Certificate for the Harper Creek Project to the Environmental Assessment Office (“EAO”). In May 2013, the EAO identified a number of deficiencies with, and provided comments on, the Company’s EA Application. The Company is currently working to address the deficiencies raised and comments received in order to resubmit the application to the EAO.
- Engaged Evercore Group L.L.C. to provide financing advisory services and to assist in the evaluation of strategic partnership and financing alternatives for Harper Creek.
- Completed all the drilling for the in-fill drilling program announced in November 2012, with an additional 35 holes drilled for a total of 11,969m.
- Executed a memorandum of understanding with a local First Nation for involvement in the EA process and Benefits Agreement (“BA”) negotiations.
- Appointed Frank Wheatley as CEO and a member of the Board of Directors effective July 1, 2013.
- As at June 30, 2013, the Company’s had cash and cash equivalents of $4.09M.
Click here to read the Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) press release
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