LUCKY BEN MINE PROJECT UPDATE
September 21 2017 - 9:00AM
InvestorsHub NewsWire
Lewiston, ID -- September 21, 2017 -- InvestorsHub NewsWire --
As of September 17, 2017 Sidney Resources Corporation has raised
$120,000.00 through the private offer of stock. Under the
private offering 2,000,000 shares of restricted common stock remain
available for sale at the price of .0025 per share for a total
investment of $5000.00.
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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