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Highbank Resources Ltd. (TSXV:HBK,FWB:V7O) has signed a Letter of Intent with West Coast Tug & Barge Ltd. for barging of aggregate from Swamp Point North to destinations in the Port Simpson and Prince Rupert area. The Company also announced that a merchantable timber assessment on Swamp Point North was compiled and a report was delivered to Highbank. This assessment will be included in the OLTC application to the Ministry of Forests, Lands and Natural Resource Operations.
As quoted in the press release:
Highbank has signed a LOI with West Coast Tug & Barge Ltd.(“West Coast Tug”) of Campbell River, B.C. for barging aggregate from the Swamp Point North operation to destinations in the Port Simpson and Prince Rupert area. Highbank is pleased with the scheduling from West Coast Tug to provide two barges to operate from the property, which allows one to be loaded while the other is en route with aggregate to its destination or returning for re-loading.
OCCUPANT LICENCE TO CUT (“OLTC”)
Mr. Stan Spletzer, V.P. of Aggregate Operations, accompanied by a representative of Cypress Forest Consultants Ltd. of Terrace, B.C. helicoptered to the Swamp Point North site on March 24, 2014. A merchantable timber assessment was compiled and a report was delivered to Highbank. This assessment will be used to compile our OLTC application to the Ministry of Forests, Lands and Natural Resource Operations (“FLNRO”).
Click here to read the Highbank Resources Ltd. (TSXV:HBK,FWB:V7O) press release
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