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Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) reported updates on financials and operations for the three months ended March 31, 2013. Highlights include a detailed NI 43-101 compliant amended feasibility study completed and filed on March 29, 2012 and restated and amended as of January 25, 2013; and completion of 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:
Highlights:
Key highlights for the three months ended March 31, 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.
- The Environmental Assessment (“EA”) study at Harper Creek was advanced with the completion of a comprehensive baseline study program and preparation of a full application. The Company’s EA application was filed in April 2013.
- 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 local First Nations initiating a mediation process on the Benefits Agreement.
The Company had cash and cash equivalents of $5.08M as at March 31, 2013, as compared to cash and cash equivalents of $7.06M as at December 31, 2012.
Click here to read the Yellowhead Mining Inc. (TSX:YMI,OTCQX:YHMGF) press release
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