Business
New High Ridge - Proposed Change of Name
Feb. 2, 2011 (Newsfile Corp.) -- Vancouver, British Columbia--(February 2, 2011) - New High ...
About this update from Amarc Resources Ltd.
[{"type":"text","content":"\nNew High Ridge - Proposed Change of Name\n\n\n Feb. 2, 2011 (Newsfile Corp.) -- Vancouver, British Columbia--(February 2, 2011) - New High Ridge Resources Inc. (TSXV:NHR) (TSX-V: NHR)(\"New High Ridge\" or \"the Company\") announced that the board of directors have approved a proposed change of the name of the Company to \"Newton Gold Corp.\", subject to the acceptance of the TSX Venture Exchange. About New High Ridge: New High Ridge Resources is a British Columbia focused exploration company with two wholly owned advanced exploration projects: the Newton Mountain property (Au-Cu porphyry) 35 km north of Taseko Mine's Prosperity (formerly Fish Lake) Au-Cu project ; and the Chuchi property (Cu-Au porphyry) 30 km NW of Terrane's Mt. Milligan project. The wholly owned Newton Mountain property is currently optioned to Amarc Resources Ltd. (OTCBB:AXREF) (TSXV:AHR) Amarc is aggressively drilling our Newton Mountain property with two drills as part of their fully funded 28 hole drill program designed to follow up on the major discovery made in 2009 that included: 189 meters grading 1.56 g/t gold, including 99 metres grading 2.76 g/t gold in hole 9004; and, 138 metres grading 0.74 g/t gold, including 63 metres grading 1.17 g/t gold in hole 9014 ON BEHALF OF THE BOARD OF DIRECTORS \"Mark A. McLeary\"President & CEO For more information, please contact:Mark A. McLearyPresident/CEOTelephone: 604-678-2531 x 226Email: [email protected] Forward Looking Statements This Press Release contains 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 limitation, obtaining final TSX Venture Exchange approval for the private placement, as well as more general factors such as: 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 assump...