Heatherdale Resources Ltd. (HTR:CA)

Heatherdale Resources Ltd. is a mineral exploration and development company based in Vancouver, Canada, focused on advancing the Niblack copper-gold-zinc-silver project in southeast Alaska. It is publicly traded on the TSX Venture Exchange (TSX-V) under the symbol HTR.



Heatherdale has the right to retain a 51% interest and an option to acquire a 70% interest in Niblack Project LLC, an Alaska-based company. Niblack Project LLC holds 6,200 acres of federal and state mineral claims, 250 acres of patented lands, and related mineral exploration permits, equipment and infrastructure on southeast Alaska's Prince of Wales Island.



There are six known volcanogenic massive sulphide (VMS) zones within the Niblack mineral claims. Based on a mineral resource estimate released July 9, 2009, the Niblack deposit comprises 2.6 million tonnes of indicated mineral resources grading 1.18% copper, 2.33 g/t gold, 2.19% zinc and 33.18 g/t silver and containing 67 million lb copper, 193,600 oz gold, 125 million lb zinc and 2.8 million oz silver; and 1.7 million tonnes of inferred mineral resources grading 1.55% copper, 2.08 g/t gold, 3.17% zinc and 32.56 g/t silver and containing 58 million lb copper, 114,300 oz gold, 120 million lb zinc and 1.8 million oz silver (at a US$50 NSR cutoff).



Heatherdale believes there is excellent potential for delineating new areas of high-grade mineralization at Niblack, and is currently undertaking drilling programs targeting a new high-grade zone to expand mineral resources. Given its geological endowment and proximity to tidewater in a stable jurisdiction with a long tradition of hardrock mining, Niblack has the potential to support a high-grade underground mining operation.