quarterly activities summary

The following summary is my take on The latest HEG Activities Report


*Resource Estimate of 175,400 ounces of gold at Reward & Red Hill areas.
*Current total Exploration Potential estimate midpoint of 1,280,977 ounces of gold.
*Drilling and assessment exploration at Reward, Red Hill and Hargraves with exploration to 400m below surface.
*Scoping study planned for bulk underground mining at Hargraves.
*Mine development at Reward has substantially improved access to the Paxton?s and M2 ore bodies with horizontal development and rises on five separate levels.
*Mining of Paxtons and M2 ore bodies from Oct to Dec produced 1772 tonnes of ore for est. 1202 ounces of gold.
*"Indicator Fault" being checked for possible highly enriched zones.
*Unsold accumulated gold to 30/01/09: 1680 ounces. (Current value: $A2.3M) Refined gold being prepared for direct sale.
*Crushing and treatment plant upgraded with the addition of ball mill. Currently treating 3.0-3.5tph. Consistent 4-5tph target. Plant operation increasing to 24h/7days per week during current quarter.