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Wednesday, September 27, 2017 11:45:27 AM
Work has begun at the site located just outside of the town of Warren, Idaho. A conditional road use permit was approved by the U.S. Forest Service, McCall Ranger District. The necessary road improvements have been made so work can be completed to open the tunnel and complete the sampling work. We have submitted the required plans and information to the Federal Mining Safety and Health Administration and are awaiting for the approval of this year’s objectives. Upon approval our contractor will move on site and complete extensive work on the Adit (Mine Opening) to greatly enhance safety and security as well as to eliminate the need to clear debris from this area each spring. The blockage of the tunnel will also be cleared. Once this work is done the sampling work will be completed and all samples will be submitted for assay.
The road work which was estimated to cost $8,000.00 was completed for $5,500.00 thanks to the efforts of Dan Hally who personally cleared the road of numerous fallen trees and debris at his own expense.
Sidney Resources Corporation is now current on all fees for OTC Markets and we are current on the posting of all financial reports and disclosure documents. We are also current on all fees with Pacific Stock Transfer our Stock Transfer Agent and are beginning the process of issuing all stock owed.
PROJECTED 2017 BUDGET
Administrative Expenses $9,500.00
Insurance $1,500.00
Road Construction $5,500.00
Equipment Purchases $4,500.00
Adit and Tunnel Improvements $75,000.00
Geological and Engineering $12,000.00
Assay Expenses $9500.00
Claim Filing and Survey $2000.00
Total $119,500.00
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