Last C$0.42 CAD
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As of 2:39 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

highway 50 gold corp (HWY) Snapshot

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01/20/14 - C$0.48
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highway 50 gold corp (HWY) Details

Highway 50 Gold Corp., an exploration stage company, is engaged in the acquisition, exploration, development, and evaluation of mineral resource properties in Canada and the United States. The company focuses on the discovery of Carlin-type gold deposits. It owns interests in the Golden Brew property and Porter Canyon project located in Lander County, Nevada. The company was formerly known as Tatmar Ventures Inc. and changed its name to Highway 50 Gold Corp. in July 2011. Highway 50 Gold Corp. was incorporated in 2004 and is headquartered in Vancouver, Canada.

Founded in 2004

highway 50 gold corp (HWY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$24.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

highway 50 gold corp (HWY) Key Developments

Highway 50 Gold Corp. Auditor Raises 'Going Concern' Doubt

Highway 50 Gold Corp. filed its Annual on Apr 23, 2014 for the period ending Dec 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Highway 50 Gold Corp. Announces Resignation of C. Victor Chevillon as Director

Highway 50 Gold Corp. announced that C. Victor Chevillon has resigned as director of the company.

Highway 50 Gold Corp. Provides Exploration Update on Porter Canyon Project

Highway 50 Gold Corp. announced that during the final quarter of 2013, significant progress was made in advancing its Porter Canyon project located in Lander County, Nevada. The Porter Canyon claims occupy a pediment covered bench to the west of the former operating Quito Mine property, a classic Carlin-type deposit. In March 2012, the company announced the results of RC drillhole PT-11-1. That hole was lost at a depth of 445 metres due to heavy water inflow, most likely at the bedrock interface. At that time, the bottom 35 metres of colluvium were sampled and returned highly anomalous gold, arsenic and antimony with a weighted average of 61 ppb Au, including two 1.5 metre sections that assayed 86 ppb Au and 174 ppb Au, respectively. Recently, additional samples of colluvium were retrieved from the unreclaimed drill sump. The samples comprise the majority of the drill record for an additional 330 metres of the hole. These samples also returned consistently elevated values in gold (to 162 ppb), arsenic (to 221 ppm) and antimony (to 202 ppm). Given the high dilution inherent to pediment deposition and the homogonous nature of gold values within the pediment column, a sizable footprint of subcrop mineralization is implicated. Subsequently, detailed prospecting of the area upslope between PCT-11-1 in the adjacent range discovered a set of mineralized veinlets in outcrop with extremely elevated arsenic (to 3,000 ppm), antimony (to) (10,000 ppm) and mercury (to 257 ppm). One sample returned 51 ppb gold. Values such as these have been documented on the immediate periphery of important Carlin-type gold systems. Follow-up prospecting of the alluvial fan between drillhole PCT-11-1 and the rangefront also discovered numerous mineralized float boulders of both Upper-plate (to 1.7 g/t Au) and decalcified Lower-plate limestone (to 3.7 g/tonne Au). Prospecting in an area with a particularly high density of mineralized float did in fact find an outcrop of mineralized jasperoid assaying 54.3 ppm silver and 0.4% antimony. Additionally, small hand-excavated placer workings were noted upslope of PCT-11-1, extending to the rangefront but not into the Toiyabe Range. This is further evidence of a bedrock gold source between drillhole PCT-11-1 and the rangefront.


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