Highland Copper Announces Filing of NI 43-101 Technical Report for the White Pine North Project in Michigan, USA
08 November 2019 - 2:27PM
Highland Copper Company Inc. (TSX-V: HI, OTCQB: HDRSF) (the
“Company”) is pleased to announce that it has filed on SEDAR a
technical report for the White Pine North Project prepared by
independent qualified persons working for G Mining Services Inc. in
accordance with Canadian Securities National Instrument 43-101
Standards of Disclosure for Mineral Properties (“NI 43-101”) and
Form 43-101F1. The technical report entitled “Preliminary Economic
Assessment, White Pine North Michigan, U.S.A.” is dated effective
as of September 22, 2019.
The report supports the disclosure made by the
Company in its September 23, 2019 news release entitled “Highland
Copper announces positive PEA results and mineral resource estimate
for the White Pine North Copper Project in Michigan”. There
are no material differences between the results announced in the
news release and those contained in the report filed on SEDAR
(www.sedar.com) and available on the Company’s website
(www.highlandcopper.com).
About the White Pine North
Project
The deadline to complete the acquisition of the
White Pine North Project has been extended to January 31, 2020. The
final closing of the acquisition is subject to a number of
conditions including releasing the vendor from certain
environmental obligations associated with the remediation and
closure plan of the historical White Pine mine site and replacing
the related environmental bond for an amount expected to be
approximately US$1.7 million. There can be no assurance that the
closing will occur before the deadline or that the vendor will
consent to a further extension, if such further extension is
required.
About Highland
Highland Copper Company Inc. is a Canadian
company focused on exploring and developing copper projects located
in the Upper Peninsula of Michigan, U.S.A. The Company’ common
shares are listed on the TSX Venture Exchange under the symbol "HI"
and trade on the OTCQB Venture Market under symbol "HDRSF".
Additional information about the Company is available on the
Company’s website and on SEDAR.
Forward Looking Information
This press release contains “forward-looking
information” within the meaning of applicable Canadian securities
legislation. All statements, other than statements of historical
fact are forward-looking information. Forward-looking information
is based on the reasonable assumptions, estimates, analysis and
opinions described in the technical report and assumption that the
closing of the acquisition of the project will be completed as well
as other factors that are believed to be relevant and reasonable in
the current circumstances. By their very nature forward-looking
information involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. The Company does not undertake to
update any forward-looking information, except in accordance with
applicable securities laws.
Neither the TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
For further information, please contact:
Denis Miville-Deschênes, President & CEO Tel:
1.450.677.2455Email : info@highlandcopper.comWebsite:
www.highlandcopper.com
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