Heron Confirms Receipt of Proceeds from Sale of Golden Cross Resources (GCR) Investment
March 09 2016 - 10:35PM
Heron Resources Limited (Heron or the Company) is
pleased to announce that it has received the cash proceeds of
$1.57M for its sale of its shareholding in Golden Cross Resources
Ltd.
These funds will be used to further advance the Company’s
Woodlawn Project.
About Heron Resources Limited:
Heron is engaged in the exploration and development of base and
precious metal deposits in Australia. Heron’s projects
include the high-grade Woodlawn Zinc-Copper Project located 250km
southwest of Sydney, New South Wales, and the Kalgoorlie Nickel
Project located north of Kalgoorlie, Western Australia. In
addition the Company holds a number of other high quality
exploration properties located in the Lachlan Fold Belt, New South
Wales.
For further information, please visit
www.heronresources.com.au or contact:
Australia:
Mr Wayne Taylor
Jon Snowball
Managing Director and Chief Executive Officer
FTI Consulting
Tel: +61 2 9119 8111 or +61 8 6500 9200
+61 2 8298
6100
Email: heron@heronresources.com.au
jon.snowball@fticonsulting.com
Canada:
Tel: +1 905 727 8688 (Toronto)
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATIONThis
news release contains forward-looking statements and
forward-looking information within the meaning of applicable
Canadian securities laws, which are based on expectations,
estimates and projections as of the date of this news release. This
forward-looking information includes, or may be based upon, without
limitation, estimates, forecasts and statements as to management’s
expectations with respect to, among other things, the timing and
amount of funding required to execute the Company’s exploration,
development and business plans, capital and exploration
expenditures, the effect on the Company of any changes to existing
legislation or policy, government regulation of mining operations,
the length of time required to obtain permits, certifications and
approvals, the success of exploration, development and mining
activities, the geology of the Company’s properties, environmental
risks, the availability of labour, the focus of the Company in the
future, demand and market outlook for precious metals and the
prices thereof, progress in development of mineral properties, the
Company’s ability to raise funding privately or on a public market
in the future, the Company’s future growth, results of operations,
performance, and business prospects and opportunities. Wherever
possible, words such as “anticipate”, “believe”, “expect”,
“intend”, “may” and similar expressions have been used to identify
such forward-looking information. Forward-looking information is
based on the opinions and estimates of management at the date the
information is given, and on information available to management at
such time. Forward-looking information involves significant risks,
uncertainties, assumptions and other factors that could cause
actual results, performance or achievements to differ materially
from the results discussed or implied in the forward-looking
information. These factors, including, but not limited to,
fluctuations in currency markets, fluctuations in commodity prices,
the ability of the Company to access sufficient capital on
favourable terms or at all, changes in national and local
government legislation, taxation, controls, regulations, political
or economic developments in Canada, Australia or other countries in
which the Company does business or may carry on business in the
future, operational or technical difficulties in connection with
exploration or development activities, employee relations, the
speculative nature of mineral exploration and development,
obtaining necessary licenses and permits, diminishing quantities
and grades of mineral reserves, contests over title to properties,
especially title to undeveloped properties, the inherent risks
involved in the exploration and development of mineral properties,
the uncertainties involved in interpreting drill results and other
geological data, environmental hazards, industrial accidents,
unusual or unexpected formations, pressures, cave-ins and flooding,
limitations of insurance coverage and the possibility of project
cost overruns or unanticipated costs and expenses, and should be
considered carefully. Many of these uncertainties and contingencies
can affect the Company’s actual results and could cause actual
results to differ materially from those expressed or implied in any
forward-looking statements made by, or on behalf of, the Company.
Prospective investors should not place undue reliance on any
forward-looking information. Although the forward-looking
information contained in this news release is based upon what
management believes, or believed at the time, to be reasonable
assumptions, the Company cannot assure prospective purchasers that
actual results will be consistent with such forward-looking
information, as there may be other factors that cause results not
to be as anticipated, estimated or intended, and neither the
Company nor any other person assumes responsibility for the
accuracy and completeness of any such forward-looking information.
The Company does not undertake, and assumes no obligation, to
update or revise any such forward-looking statements or
forward-looking information contained herein to reflect new events
or circumstances, except as may be required by law.No stock
exchange, regulation services provider, securities commission or
other regulatory authority has approved or disapproved the
information contained in this news release.
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