Halo Grants HudBay One Year Extension
![Halo Grants HudBay One Year Extension](https://www.minenportal.de/media/goldseiten-news.jpg)
Under this agreement, HudBay proposes to test for a mineable copper-zinc deposit focusing on two areas adjacent to the historic East and West Sherridon Mines. The proposed $1.5 million exploration program was originally planned to commence in the fall of 2012 but this amendment to the option agreement allows HudBay to defer the commencement of drilling to the winter months of 2013 and minimize potential environmental impact.
ON BEHALF OF THE BOARD OF DIRECTORS
Marc Cernovitch
President & CEO
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. The Company's main focus is the 200 sq. km. Sherridon VMS Property, a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is the operator for contiguous joint venture properties in West Red Lake covering 26 sq. km. The Company is operated by an experienced management team with a growth strategy to develop a diversified portfolio of advanced mining projects.
Forward-Looking Statements
This Company Press Release may contain certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Halo Resources Ltd.
416-619-7539
ir@halores.com