TSX - "HBK"
12g3-2(b): 82-1508
November 16, 2005
The Company wishes to report that the first phase of the Wardrop Engineering Inc. recommended work program on the Swamp Point North property is being concluded with the completion of the seismic refraction survey by Associated Mining Consultants Limited (“AMCL”) of Calgary.
The complete results are expected to be available in a report from AMCL by the end of November.
Preliminary results however show that granular materials appear at depths of up to 250 feet, which indicates considerable tonnage of sand and gravel.
Further analysis and drilling is planned to complete phase two of the recommended work program to advance the project to economic feasibility.
ON BEHALF OF THE BOARD
Gary Musil, Secretary/Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.