Vancouver, B.C. – May 10, 2016 - Highbank Resources Ltd. (TSX.V –"HBK"), (the "Company") is pleased to introduce the Company’s newly appointed advisory board member.
Highbank would like to welcome Hans Smit, P. Geo., mineral industry consultant to the advisory board. The following is a brief biography on Mr. Smit:
Hans Smit, of Telkwa, B.C. is a Professional Geologist who managed the feasibility, environmental assessment, and permitting of Ascot Resources Ltd.’s Swamp Point aggregate project located adjacent to Highbank Resources Ltd. Swamp Point North property on the Portland Canal, B. C. coast. Mr. Smit also assisted in targeting markets for aggregates along the B.C. and U.S.A. west coast.
Mr. Smit has experience in all aspect of the mineral industry from grassroots exploration through to mine feasibility studies, environmental permitting and corporate development. As VP for Grayd Resource Corporation, he was one of the key people who advanced the La India heap-leach gold project in Mexico from the grassroots exploration stage through to a Preliminary Economic Assessment ("PEA"). In 2011, Agnico Eagle Mines Ltd. paid $275M to acquire Grayd and recently brought La India into production, using a mine and production plan based on Grayd’s work.
Mr. Smit has guided exploration, feasibility, and permitting on other advanced gold projects including Dublin Gulch in the Yukon and Red Mountain in British Columbia. Recent work includes managing resource estimations and a PEA for a silver project in northern Mexico.
Mr. Smit is currently Chief Executive Office of Orla Mining Ltd., a newly-formed Vancouver based junior mining company. Hans is also active in volunteer initiatives that promote education and facilitate discussion between the mineral industry and communities in Northern British Columbia.
Highbank believes that the combination of a new director (Ivan Scott, P.Eng.) and each new advisor, with their wealth of experience within their respected professions, will provide significant contributions and guidance at this stage of developing the Swamp Point North project; and Highbank’s future endeavours.
Stock Options Granting:
The Company has granted Mr. Smit; one hundred thousand (100,000) stock options for the purchase of up to 100,000 common shares of the Company, pursuant to our Stock Option Plan. Each option is exercisable for a period of three years at a price of $0.10 per common share.
ON BEHALF OF THE BOARD OF DIRECTORS OF HIGHBANK RESOURCES LTD.
"James H. Place"
James H. Place,
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Forward-looking statements are projections of events, revenues, income, future economic performance or management’s plan and objective for future operations and include, without limitation, statements with respect to the anticipated production from the Swamp Point North Aggregate Project, the realization of mineral estimates, success of mining operations, the timing and amount of estimated future production, t itle disputes or claims, environmental risks, limitations on insurance coverage, current and anticipated purchase negotiations and arrangements, requirements for additional capital; and government regulation of mining operations. In some cases, you can identify forward -looking statements by the use of terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. By their very nature forward-looking statements 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 statements. Such factors, including: fluctuations in worldwide prices and demand for aggregates; changes in project parameters as plans continue to be refined; possible variations in grade and or recovery rates; accidents, labour disputes as well as those factors detailed from time to time in the Company's interim and annual financial statements and management's discussion and analysis of those statements, are filed and available for review on SEDAR at www.sedar.com.
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