In the summer of 2013 HYII has upgraded to OTCQB , cleared its convertible debt, and sent its consultant to Chile to test drill their main target below 100M, as was recommended 3 years ago below. Word is they are prepping the XBRL filings and doing the drilling and clearing the debt to satisfy a global bank. Why else clear debt with no company push while upgrading all filings and? The massive and multi million $$ reports on their mine by the HYII consultant show an 8 year mine life averaging 4M tons per year of iron ore. Game on
The largest anomaly occurs in the NW portion of the grid near 358900E, 7041580N. This zone appears to consist of 2 or 3 vein-like magnetic features from 10 to 30 m wide over a width of approximately 130 m and a strike length of perhaps 250 m. The vein-like features strike NW and dip SE. The magnetic zones may coalesce at depths of about 100 m where the inversion model returns high magnetic susceptibilities over 0.7 (SI). The magnetite may extend to 200 m or more depth. The estimated tonnage of this shallow target is about 3 to 10 Mt to 100 m depth. Several drill holes could test this target area.
Additional interpretation will be conducted jointly with Success geologists.
Respectfully submitted,
Joe Jordan, M.Sc.
Argali Geofisica E.I.R.L
Penny Stock Analyst,not licensed, but may as well be...
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