Exploring the Niblack copper-gold-zinc-silver project in southeast Alaska
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Heatherdale’s Takeover Boosts Alaska’s Niblack
By Greg Klein
Prevailing market moods notwithstanding, a surge of optimism greeted theHeatherdale Resources Ltd TSXV:HTR bid to take over Niblack Mineral Development Inc TSXV:NIB. The October 5 joint announcement raised Niblack’s shares to a high of
.23 before closing at
.22, a 37% increase over the previous day’s closing price of
.16. But—unusually for the acquisitive company—Heatherdale did even better, closed at
.54, 74% above the previous day.
All this suggests a bullish view of the Niblack Project, which both companies currently share under a joint venture. A copper-gold-zinc-silver project on Prince of Wales Island, off the southern extremity of the Alaska Panhandle, it’s Heatherdale’s flagship and Niblack Mineral’s sole property. Heatherdale holds a 60% interest and acts as project operator. “We’ve got very good economics, and it just makes a lot of sense to make decisions as 100% ownership under Heatherdale,” says Heatherdale President/CEO/Director Pat Smith.
Read and discuss the rest of this article.
Heatherdale’s Takeover Boosts Alaska’s Niblack
By Greg Klein
Prevailing market moods notwithstanding, a surge of optimism greeted theHeatherdale Resources Ltd TSXV:HTR bid to take over Niblack Mineral Development Inc TSXV:NIB. The October 5 joint announcement raised Niblack’s shares to a high of
.23 before closing at
.22, a 37% increase over the previous day’s closing price of
.16. But—unusually for the acquisitive company—Heatherdale did even better, closed at
.54, 74% above the previous day.
All this suggests a bullish view of the Niblack Project, which both companies currently share under a joint venture. A copper-gold-zinc-silver project on Prince of Wales Island, off the southern extremity of the Alaska Panhandle, it’s Heatherdale’s flagship and Niblack Mineral’s sole property. Heatherdale holds a 60% interest and acts as project operator. “We’ve got very good economics, and it just makes a lot of sense to make decisions as 100% ownership under Heatherdale,” says Heatherdale President/CEO/Director Pat Smith.
Read and discuss the rest of this article.
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