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Tuesday, September 21, 2021 8:13:52 AM
Sidney Resources Corporation (SDRC) held the annual Shareholders meeting on September 17, 2021 at 11:00 am in McCall, Idaho. A total of 18 shareholders attended the meeting in person and 43 shareholders listened in online. A quorum was reached with over 181 million shares being represented either via in person attendance or proxy ballots. The vote to retain current leadership was unanimous. The board of directors held a board meeting and voted to maintain the current leadership structure with Gregg Lindner remaining President and CEO, Daniel Hally remaining as Treasurer and Vice President of Operations and Sue Patti remaining as Secretary and Vice President of Finance. The following agenda was covered during the meeting:
Agenda
Welcome
Confirmation of Proxy including retaining your current leadership
Lucky Ben Mine Project Update
Technology Research & Development introduction
Financial Report and Overview
Next steps
Open discussion, comments
A total of 16 shareholders participated in the tour of the Lucky Ben Project site which included a tour of the underground operations including over 125 feet of new tunnel construction. The shareholders were also able to view the drill rig and were provided an explanation of planned operations. Each shareholder was provided with a sample removed from the Lucky Ben Vein.
The documents presented during the shareholder meeting as well as an audio recording of this shareholder meeting are available on the company website located at www.sidneyresourcescorporation.com
Management projects the new tunnel workaround will connect with the original tunnel constructed to mine the Lucky Ben Vein in the early 1900s within the next week and core drilling operations will commence once the connection is complete. The drilling equipment is on location and ready to be put into service. The core drilling will focus on the area below the previously mined stope. We also plan to drill and intersect the Arlise Vein. The core samples in their entirety will be shipped to our Geologist for processing and analysis before going to the assay lab for testing. We anticipate the earliest we will see assay results is 3 months.
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