Yellowhead Mining Announces 2011 Financial and Operational Results

Gold Investing

Yellowhead Mining Inc.(TSXV:YMI) reported its results from the Harper Creek project and financial results ending Oct 31, 2011.

Yellowhead Mining Inc.(TSXV:YMI) reported its results from the Harper Creek project and financial results ending Oct 31, 2011.

Highlights include:

  • Completed a reverse takeover of Four Points Capital Corp. and became a Tier 1 listed company on the TSX Venture exchange;
  • The Feasibility Study for a 70,000 tpd copper mine is on target for completion by the end of March 2012;
  • In support of the Feasibility Study and to expand the resource, the Company has completed a total of 15,148 metres of drilling for the year including:
  • Resource confirmation: 33 holes for a total of 8,191m
  • Condemnation: 8 holes for a total of 1,791m
  • Resource expansion: 11 holes for a total of 4,725m
  • Metallurgical sampling: 4 holes for a total of 441m;
  • In order to finance the development of its 100%-owned Harper Creek project, the Company is exploring financing options, including but not limited to: strategic investors and/or partnerships, project and equipment financing and off-take agreements.

Click here to read the Yellowhead Mining Inc. (TSXV:YMI) press release
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