High River Gold Mines Ltd. has completed NI 43-101 compliant reports for its Zun-Holba and Irokinda Gold Mines, replacing earlier-non-compliant estimates. Proven and probable reserves have shrunk by 20%, and measured and indicated resources (including the reserves) declined 19%. Inferred resources, on the other hand, increased by 67%. The news release itemizes the changes, and notes why receipt of these reports was delayed.
This item was released this morning. Yesterday, High River closed at 15.5 cents for a gain of 0.5 cents. The bid and ask are both 16.5 cents, indicating a higher opening.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
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