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  • 4 weeks later...
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a junior, no, a minnow of a gold play about to make its first pour. very experienced hands on management are reopenning an area whick in the late 19th century was the biggest gold mining area in the world with over 8000 men on the ground. the 2 largest gold masses ever found were in this mine. do some checking on the history..its mind boggling.

new technologies and todays advaced mining ability could continue what was started all that time ago

there is a rights issue of up to $5000 worth of shares for shareholders registered at 1 march to raise capital for exploration and establishment

take a look...it does have possibilities

my toe is in



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  • 3 weeks later...


(HEG) Hill End finalises $1m placement



Hill End Gold Limited have completed an excluded offer placement through WHI Securities of 4.6 million fully paid HEG shares at an issue price of 22 cents per share to raise over $1 million (before the costs of the issue).


It is the intention of the Company to hold a General Meeting for shareholders in the near future to approve the issue of securities in excess of the 15 per cent limit over a 12 month period.


The funds will be used for the exploration and development program on the Hill End properties, particularly the Red Hill and Clines Gully Project areas and for working capital.


A drilling program for shallow mineralisation commenced during February over these areas. The first stage program of 48 reverse circulation holes for 3508 metres has now been completed with sample preparation and assaying in progress. A follow up reverse circulation drilling program will be undertaken, including some diamond drilling tails on the first stage holes.


The Directors of Hill End have also implemented a Share Purchase Plan to allow all shareholders to subscribe for up to $5,000 worth of new shares at the same price as the placement without brokerage or other charges.


Each of the Directors, who are also shareholders and, as such, are entitled to participate in the Plan, intend to participate in the Plan and increase their shareholding by taking shares in the offer"



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  • 3 weeks later...

asx announcement today

gold recovery commenced and exploration with encouraging results.....


"RC32 2.44g/t over 30 metres (from surface), including 4.60g/t over 13 metres and RC39 1.62g/t over 61 metres (from surface), including 12.69g/t over 4 metres....


A pronounced `nugget effect' is noted with the coarse gold mineralisation and final

assays are showing an approximate 50% upgrade over preliminary assays. Final assays will be announced as available."


good volume today




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  • 2 months later...

What an interesting day for HEG, a big sell down but in dribs and drabs then last 15 mins of trade 200K traded and the price closes where it opened.


VWAP ended at 12.6 though.


Definately high risk play but from what is divulged through the company annoucements to date potential for very high return from this one.

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