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Last C$0.16 CAD
Change Today -0.015 / -8.82%
Volume 2.0K
HWY On Other Exchanges
As of 2:50 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

highway 50 gold corp (HWY) Snapshot

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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 2013.

highway 50 gold corp (HWY) Key Developments

Highway 50 Gold Corp. Completes Drilling at Porter Canyon

Highway 50 Gold Corp. announced an update on its recently completed Reverse Circulation /core drill program on its wholly owned Porter Canyon project located in Lander County, Nevada. The company completed six drill holes totaling 8,590 feet of which 770 feet was core and 7,820 feet was drilled by RC. A sum total of 1,340 feet was drilled in bedrock in four holes. The geologic units intersected were members of the Lower-plate assemblage including siltstones of the Nine Mile Formation and thin bedded silty limestones of the Roberts Mountains Formation. Sporadic Carlin type mineralization was encountered in bedrock with values up to 952 ppm arsenic and 168 ppb gold. Of more potential economic interest was a 65 foot thick zone that was drilled in colluvium in drill hole PC-6. This zone averaged 100 ppb gold, 144 ppm arsenic and 35 ppm antimony with maximum values for five foot intervals assaying 160 ppb gold, 188 ppm arsenic and 60 ppm antimony. The zone is coincident with a strong resisitivity low at the overburden-bedrock interface. As such, this resistivity feature is likely a buried channel which hosts a concentration of mineralized boulders and constitutes a lag deposit which is similar but higher grade then the original lag deposit drilled at Porter Canyon in 2011. Although bedrock depths were deeper then expected, assay data from bedrock west of the Toiyabe Mountain rangefront indicates background gold levels are less then 5 ppb. Background gold levels in the colluvium above bedrock were commonly five times this level with maximum values 40 times background, over a five foot interval. This data would indicate that the high gold levels in colluvium have been sourced from bedrock other than the proximal bedrock. Management now believes that both the district's gold enriched channels as well as the broad colluvian cover, are part of a lag gold deposit related to a bedrock hosted Carlin style deposit located to the north of the recent drill campaign. Further widely spaced drill holes are planned to establish a vector direction of the postulated bedrock host deposit. The Company has completed five lines of CSAMT north of the recent drill sites with the objective of delineating the mineralized lag deposit and determining the likely source area of the mineralized boulders for follow-up drilling.

Highway 50 Gold Corp., Annual General Meeting, Dec 05, 2014

Highway 50 Gold Corp., Annual General Meeting, Dec 05, 2014., at 10:00 Pacific Standard Time. Location: Suite 2300-1177 West Hastings Street. Agenda: To receive the audited consolidated financial statements of the corporation for the financial year ended December 31, 2013 and accompanying report of the auditor; to determine the number of directors at five; to elect five persons as directors of the corporation for the ensuing year; to re-appoint Davidson & Company LLP, Chartered Accountants, as the auditor of the corporation for the ensuing year at a remuneration to be fixed by the directors; to consider and, if thought fit, to pass an ordinary resolution to ratify, confirm and approve the corporation's stock option plan, as more particularly described in the accompanying information circular; and to transact such other business as may properly come before the meeting or any adjournment or adjournments thereof.

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.


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