Heatherdale Completes Acquisition Of Hunter Dickinson Acquisitions Inc.
May 6, 2011
May 6, 2011, Vancouver, BC -- Heatherdale Resources Ltd. ("Heatherdale" or the "Company") (TSXV:HTR) reports that it has closed the transaction previously announced on February 22, 2011. Heatherdale has acquired Hunter Dickinson Acquisitions Inc., a non-arm's length private company that holds a 60% interest, with the option to acquire 100%, in the Delta volcanogenic massive sulphide (VMS) project, located in east-central Alaska about 19 miles (30 km) from the Alaska Highway, pursuant to a Limited Liability Company Agreement with Grayd Resource Corporation dated October 2010. 2010.
Heatherdale Resources Ltd. is a Vancouver-based exploration and development company associated with Hunter Dickinson Inc. (HDI). The Company holds a 51% interest in the Niblack Project, with an option to acquire up to a 70% interest from Niblack Mineral Development Inc. by investing an additional US$10 million and completing a bankable feasibility study. Niblack is a resource delineation stage project in southeast Alaska. The Company's acquisition of the mid-stage Delta Project has expanded its exploration and development pipeline.
Hunter Dickinson Inc. (HDI) is a diversified, global mining company with a 25-year history of mineral development success. From its head office in Vancouver, Canada, HDI applies its unique strengths and capabilities to acquire, develop, operate and monetize mineral properties that provide consistently superior returns to shareholders.
For further details on Heatherdale, please visit www.heatherdaleresources.com or contact Investor Services at (604) 684 6365 or in North America at 1 800 667 2114.