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Hammer Handle Enterprises Inc. Increases Land Position, Updates Exploration Status

Hammer Handle announces that it has acquired additional exploration claims adjacent to its existing Pinto project claims in British Columbia. Access to the Pinto project will be delayed this season due to snow pack, avalanche and forest road issues.
Issued By: Hammer Handle Enterprises Inc.
May 14, 2008 20:38:58
Click to see PDF Version of this Press Release

 

FOR IMMEDIATE RELEASE

PRLog (Press Release)May 14, 2008 – Hammer Handle Enterprises Inc. (the “Company”) announces that it has increased its land position at its Pinto project in south central British Columbia through the acquisition of six new claim cells adjacent to its existing claims. The net increase in the Company's land position is 125.6472 hectares for a total of 356.0028 hectares. The new cells were acquired directly from the British Columbia Mineral Titles Branch through the Company's consulting geologist, Paul Gray, P. Geo at a total cost of C$737.79. The new cells comprise British Columbia mineral claim 583886 and are referred to by the Company as "Cayenne 4". The Company intends to conduct exploration on Cayenne 4 in order to verify whether it contains any mineralization. Please see the following updated table of claims comprising the Company's Pinto project:

Claim Name    Tenure    Area (ha)
Cayenne (1) 577878    62.8238
Cayenne 2    553742    62.8186
Cayenne 3    553575    104.7132
Cayenne 4    583886    125.6472
  Total ha 356.0028

(1) formerly tenure 529410

The Company also reports that access to its mineral claims may be impeded for some time by snow cover and two recent events. An avalanche of snow has covered a section of the Forest Service Road which is used to access the claims. Also, ownership of the forest company that maintains the Forest Service Road is being transferred. Indications are that, until the transfer completes, the road is unlikely to be re-opened and maintained. Until the road is re-opened and maintained we cannot access our mineral claims to conduct exploration. We believe the road will be re-opened in the next few months and will provide a further exploration update at that time.

HAMMER HANDLE ENTERPRISES INC.
(signed)
David Price, President
206-202-3226

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Email:Click to contact author
Country:Canada
Categories:Business, Engineering, Industrial
Tags:hammer, handle, enterprises, forest service road, pinto

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