About 400KOz was mined from the Hawkins Hill area (NSW) in the 19th century. Current inferred JORC resource stands at 680Kt @ 6g/t Au for 130 KOz. During assaying gold recoveries have been shown to be around 98% of the gold. A scoping study was announced in the June 2006 quarterly. Mining would be by open pit. All the vein sets are open along strike and some are also open down dip. HEG are exploring for (and finding) extensions and repeats of the mineralisation below and along strike from the historical workings. 400m north of the Hawkins Hill deposit, DD drilling has intersected up to 0.33m @ 17.6 Oz/t (554g/t Au). Other extensions outside the current resource area are in the range 5-70g/t Au. HEG have control of 35km of the Hill End anticline (the host for the previously-mined gold). A mining lease application is being prepared and a new resource estimate is promised for "early" 2007. Directors have been buyers at around the current trading level of 12c.
11/12/06 drilling below old workings at 320m depth still intersecting gold bearing veins with visible gold noted.
22/5/06 Grahame Reveleigh buys 25,000 Shares @ 20c and
10,714 options at 8c ($5857).
26/6/06 Bruce Thomas buys 260,000 shares at 13.3c ($34,580).
30/6/06 Grahame Reveleigh buys 305,000 shares @ 13c and
130,714 options @ 4c ($44,878).
4/8/06 Bruce Thomas buys 100,000 shares @ 13c ($13,000).
14/11/06 Alfred Paton buys 80,000 shares @ 12c ($9600).
12/12/06 Philip Bruce buys 200,000 shares @ 11.7c ($23,400).
13/12/06 Philip Bruce buys 105,000 shares @ 12.7c ($13,335).
18/12/06 Alfred Paton buys 100,000 shares @ 11.5c ($11,500).