| | People Tree for Eagle Plains Resources Ltd (EPL-V)
Issued
110,415,727 |
Price
$0.30 |
Working Capital
$10,289,295 |
Story Type
Discovery Exploration |
Diluted
125,312,256 |
Insiders
10.6% |
As of
9/30/2022 |
Key People
Timothy J. Termuende (CEO), Glen J. Diduck (CFO), Charles C. Downie (VP EX), Darren B. Fach (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Timothy J. Termuende |
Geologist |
1/30/1995 |
 |
|
|
CEO & President |
6,577,614 |
6.0% |
| Glen J. Diduck |
Accountant |
10/1/1996 |
|
|
|
CFO |
2,600,000 |
2.4% |
| Charles C. Downie |
Geologist |
12/11/2001 |
|
|
|
VP Exploration |
1,109,750 |
1.0% |
| Darren B. Fach |
Lawyer |
5/18/2004 |
|
|
|
Corporate Secretary |
565,400 |
0.5% |
| William R. Bennett |
Lawyer |
6/15/2017 |
|
|
|
|
550,000 |
0.5% |
| Paul S. Reynolds |
Geologist |
7/4/2019 |
|
|
|
|
350,000 |
0.3% |
| Kerry Bates |
Geologist |
1/14/2021 |
|
|
|
Exploration Manager |
0 |
0.0% |
| Mike Labach |
Investor Relations |
1/1/2006 |
|
|
|
IR |
0 |
0.0% |
Issued
95,327,823 |
Price
$0.26 |
Working Capital
$4,713,715 |
Story Type
Discovery Exploration |
Diluted
136,166,596 |
Insiders
19.1% |
As of
9/30/2021 |
Key People
Timothy J. Termuende (CEO), Glen J. Diduck (CFO), Jesse T. Campbell (COO), Norm E Jordan (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Timothy J. Termuende |
Geologist |
4/6/2018 |
|
|
|
CEO & President |
3,012,460 |
3.2% |
| Glen J. Diduck |
Accountant |
4/6/2018 |
|
|
|
CFO |
1,557,500 |
1.6% |
| Charles C. Downie |
Geologist |
4/6/2018 |
|
|
|
|
494,375 |
0.5% |
| Darren B. Fach |
Lawyer |
4/6/2018 |
|
|
|
|
432,700 |
0.5% |
| Paul S. Reynolds |
Geologist |
8/15/2019 |
|
|
|
|
147,500 |
0.2% |
| Jesse T. Campbell |
|
4/6/2018 |
|
|
|
COO |
352,000 |
0.4% |
| Eagle Plains Resources Ltd |
Public Company |
4/6/2018 |
|
|
|
|
12,162,716 |
12.8% |
| Norm E Jordan |
Administrator |
4/6/2018 |
|
|
|
Corporate Secretary |
59,559 |
0.1% |
Issued
51,812,545 |
Price
$0.87 |
Working Capital
$625,658 |
Story Type
Feasibility Demonstration |
Diluted
57,304,162 |
Insiders
8.9% |
As of
9/30/2010 |
Key People
Timothy J. Termuende (CEO), Glen J. Diduck (CFO), |
| Delisted: Copper Canyon is a June 2006 spin-out from Eagle Plains Resources that has as its primary asset the Copper Canyon project that adjoins Novagold's Galore Creek project. The project has an inferred resource of 152 million tonnes grading 0.31% Cu, 0.52 g/t Au, and 6.32 g/t Ag (1.04 billion copper pounds, 2.5 million gold ounces, and 31 million silver ounces.) Novagold is earning an 80% interest in the Copper Canyon project, and in December 2010 announced a takeover offer for Copper Canyon on the basis of 0.0425 Novagold shares per CPY share, roughly $0.60 per share, for a transaction value of approximately $34.1 million shares. In March 2011 a revised offer was agreed upon, with Novagold offering 0.735 Novagold share, plus one share of a spin-out company for every four Copper Canyon shares held. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Timothy J. Termuende |
Geologist |
6/1/2006 |
|
|
|
CEO & President |
2,681,827 |
5.2% |
| Glen J. Diduck |
Accountant |
6/1/2006 |
|
|
|
CFO |
800,000 |
1.5% |
| Charles C. Downie |
Geologist |
6/1/2006 |
|
|
|
|
262,000 |
0.5% |
| Darren B. Fach |
Lawyer |
6/1/2006 |
|
|
|
|
151,400 |
0.3% |
| Ronald K. Netolitzky |
Geologist |
6/1/2006 |
|
|
|
|
400,000 |
0.8% |
| David L. Johnston |
Engineer |
6/1/2006 |
|
|
|
|
310,000 |
0.6% |
| Neil MacDonald |
|
6/24/2008 |
|
|
|
|
0 |
0.0% |
Issued
136,586,901 |
Price
$0.14 |
Working Capital
($520,050) |
Story Type
Feasibility Demonstration |
Diluted
173,476,992 |
Insiders
70.2% |
As of
9/30/2022 |
Key People
Tom M. MacNeill (CEO), Andrew Davidson (CFO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Glen J. Diduck |
Accountant |
5/18/2011 |
|
|
|
|
800,000 |
0.6% |
| Darren B. Fach |
Lawyer |
5/18/2011 |
|
|
|
Corporate Secretary |
400,000 |
0.3% |
| Tom M. MacNeill |
|
9/4/2013 |
|
|
|
CEO & President |
47,568,505 |
34.8% |
| Andrew Davidson |
Accountant |
6/1/2017 |
|
|
|
CFO |
1,268,500 |
0.9% |
| Sylvain Laberge |
|
6/1/2017 |
|
|
|
|
100,000 |
0.1% |
| 49 North Resource Inc |
Public Company |
10/16/2013 |
|
|
|
|
45,570,755 |
33.4% |
| Neil MacDonald |
|
5/18/2011 |
|
|
|
Advisory Board |
212,000 |
0.2% |
| Scott E. Broughton |
Engineer |
11/7/2016 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
136,697,345 |
Price
$0.02 |
Working Capital
$192,181 |
Story Type
Discovery Exploration |
Diluted
149,809,386 |
Insiders
2.4% |
As of
9/30/2022 |
Key People
James G. Pettit (CEO), Donald C. Huston (CFO), Cornell McDowell (VP EX), |
| SV Rating: Unrated: Aben Resources Ltd has been focused on its 100% owned Forrest Kerr project in the Golden Triangle since a 6:1 rollback in 2015. Headed by Jim Petit the junior spends lavishly on "shareholder communications" which has enabled it to fill the treasury annually for another Golden Triangle exploration season. Late season results yielded significant rallies in 2017 and 2018, with a flashy intersection in 2018 attracting an investment from Eric Sprott. Forrest Kerr, however, has failed to deliver a discovery hole that led to delineation of a mineralized deposit. The 2019 and 2020 exploration seasons were eventless and financing activity was weak in 2020 despite an awakening bull market. Visible insiders own only 2%, making it difficult to see who has incentive to drive a fresh Forrest Kerr speculation cycle. The company does have sufficient capital to avoid being rated as a zombie junior, but it does not qualify for a bottom-fish spec value rating because the main missing piece seems to be a rollback and repositioning event for insiders. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Timothy J. Termuende |
Geologist |
3/3/2011 |
|
|
|
|
1,604,000 |
1.2% |
| James G. Pettit |
Administrator |
1/24/2002 |
|
|
|
CEO & President |
1,417,066 |
1.0% |
| Donald C. Huston |
Consultant |
7/18/2000 |
|
|
|
CFO |
153,458 |
0.1% |
| Amanda B. Chow |
Accountant |
10/13/2005 |
|
|
|
|
102,251 |
0.1% |
| Simon Dyakowski |
Analyst |
11/24/2020 |
|
|
|
|
0 |
0.0% |
| Henry J. Awmack |
Engineer |
7/19/2016 |
|
|
|
Advisory Board |
0 |
0.0% |
| David A. Caulfield |
Geologist |
7/19/2016 |
|
|
|
Advisory Board |
0 |
0.0% |
| Cornell McDowell |
Geologist |
8/16/2016 |
|
|
|
VP Exploration |
0 |
0.0% |
| Michael L. Roberts |
Engineer |
7/19/2016 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
435,719,190 |
Price
$0.67 |
Working Capital
$13,764,000 |
Story Type
Feasibility Demonstration |
Diluted
471,071,398 |
Insiders
10.5% |
As of
9/30/2022 |
Key People
Derek C. White (CEO), Richard N. Zimmer (Chair), Carol Li (CFO), John Kiernan (COO), David Stewart (VP CD), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| William R. Bennett |
Lawyer |
2/1/2018 |
|
|
|
|
7,100 |
0.0% |
| Kenneth M. Carter |
Geologist |
4/15/1993 |
|
|
|
|
750,100 |
0.2% |
| Richard N. Zimmer |
Engineer |
10/6/2017 |
|
|
|
Chairman |
124,125 |
0.0% |
| James J. Stypula |
Businessperson |
10/6/2017 |
|
|
|
|
83,500 |
0.0% |
| Andree St. Germain |
Investment Banker |
3/28/2019 |
|
|
|
|
32,895 |
0.0% |
| Donald Njegovan |
Investment Banker |
1/16/2018 |
|
|
|
|
20,000 |
0.0% |
| Indi Gopinathan |
Analyst |
9/13/2021 |
|
|
|
|
0 |
0.0% |
| Yamana Gold Inc |
Public Company |
4/12/2021 |
|
|
|
|
24,000,000 |
5.5% |
| Eric Sprott |
Fund Manager |
9/29/2016 |
|
|
|
|
20,713,199 |
4.8% |
| John Kiernan |
Engineer |
10/10/2017 |
|
|
|
COO |
0 |
0.0% |
| Carol Li |
Accountant |
11/2/2017 |
|
|
|
CFO |
0 |
0.0% |
| David Stewart |
Engineer |
6/3/2021 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Derek C. White |
Consultant |
10/6/2017 |
|
|
|
CEO & President |
0 |
0.0% |
Issued
34,512,319 |
Price
$0.84 |
Working Capital
($3,983,402) |
Story Type
Discovery Exploration |
Diluted
38,817,319 |
Insiders
10.9% |
As of
10/31/2007 |
Key People
Garry W. Lohuis (CEO), Paul S. Reynolds (Chair), Robert Culbert (CFO), Michael H. Sanguinetti (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
7/27/1994 |
|
|
|
Chairman |
1,021,150 |
3.0% |
| Hendrik Van Alphen |
Businessperson |
6/13/2002 |
|
|
|
|
752,000 |
2.2% |
| Garry W. Lohuis |
|
2/1/2006 |
|
|
|
CEO |
603,000 |
1.7% |
| Michael H. Sanguinetti |
Geologist |
1/28/1992 |
|
|
|
Corporate Secretary |
537,683 |
1.6% |
| William J. Fulop |
Geologist |
6/10/2005 |
|
|
|
|
295,000 |
0.9% |
| Peter J. Aubrey |
Geologist |
|
|
|
|
|
281,000 |
0.8% |
| Robert Culbert |
Engineer |
3/28/1996 |
|
|
|
CFO |
275,000 |
0.8% |
Issued
227,384,119 |
Price
$0.05 |
Working Capital
$10,933,796 |
Story Type
Discovery Exploration |
Diluted
408,839,042 |
Insiders
2.1% |
As of
9/30/2022 |
Key People
Alexander Klenman (CEO), John (Ian) Stalker (Chair), C. Trevor Perkins (VP EX), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
9/21/2015 |
|
|
|
|
1,209,375 |
0.5% |
| John (Ian) Stalker |
Mining Executive |
5/14/2013 |
|
|
|
Chairman |
2,060,602 |
0.9% |
| Terrence K. O'Connor |
Geoscientist |
5/14/2013 |
|
|
|
|
925,577 |
0.4% |
| Alexander Klenman |
Investor Relations |
3/29/2016 |
|
|
|
CEO |
312,500 |
0.1% |
| Regent Mercantile Holdings Ltd |
|
3/7/2013 |
|
|
|
Placee |
232,500 |
0.1% |
| C. Trevor Perkins |
Geologist |
10/20/2020 |
|
|
|
VP Exploration |
0 |
0.0% |
Issued
79,517,646 |
Price
$0.30 |
Working Capital
($282,920) |
Story Type
Discovery Exploration |
Diluted
87,965,628 |
Insiders
47.0% |
As of
10/31/2022 |
Key People
Ian Gendall (CEO), James J. Stypula (Chair), Leslie A. (Robin) Sudo (CFO), Allan Frame (VP CD), |
| SV Rating: Bottom-Fish Spec Value - as of December 31, 2021: DLP Resources Inc was made a Good Spec Value rated 2020 Favorite at $0.27 on August 7, 2020, and continued as a Good Spec Value rated 2021 Favorite at $0.23 on December 31, 2020. The basis for this rating was the technical and financial credentials of the management team and the focus on the 75% optioned DD play, though in May 2021 the company expanded its scope from discovery exploration by optioning 100% of the Aurora copper-molybdenum project in Peru. DLP's exploration VP Ian Gendall is familiar with this project which has been explored by several groups during the past couple decades; the Aurora system has no open-pittable economic potential but DLP plans to assess a higher grade core as a potential block-caving opportunity. The deal required a small payment on signing but the clock for a 4 year balloon payment deadline does not start ticking until drill permits are received. Peru is currently not a desirable destination for juniors because its covid problem is not yet contained and a recent presidential election pitting Keiko Fujimori, daughter of the former convicted dictator Alberto, against Pedro Castillo, a leftist who has talked about nationalizing the mining industry, remains undecided after Keiko tore a page from Trump's playbook and declared that she lost because of election fraud despite no evidence of such reported by international election observers. The debate about which of these two is the lesser evil has put Peru in turmoil and there is a risk things could spin out of control. DLP takes the view that if Castillo is confirmed as the new president he will push for higher income taxes but steer clear of creating super-royalty and windfall profit taxes or nationalizing mines because his party holds less than a third of the 130 member legislative Congress. But even if Peru does not plunge into chaos, it could be 2022 before drill permits are received, so for now Aurora should be understood as a possible future flagship if the southeastern BC plays fail to deliver a discovery in 2021. The main reason for the Good Spec Value rating is the potential of the DD play to deliver a Sullivan 2 discovery when drilling resumes in late August and for the Hungry Creek play to become a major stratabound copper-cobalt-silver play as a result of a mid summer drill program. The company has about $2 million working capital as of June 30, but $1.3 million of that raised at $0.30 in June is earmarked for the Aurora project, so DLP will likely do a flow-thru financing during the summer to fund further work at DD. The junior was created in late 2019 through an RTO of a private company backed by Jim Stypula which had become the exploration vehicle for Sullivan expert David Leo Pighin's ideas in southeastern British Columbia. The portfolio consisted of the Aldridge 1 & 2 properties which have potential for zinc-lead-silver Sedex style deposits like Sullivan within Aldridge formation rocks, and the Hungry Creek and Redburn projects which have potential for sediment-hosted copper-cobalt-silver deposits like Montanore within Creston formation rocks. In June 2020 DLP optioned 75% of the DD property from PJX Resources Inc and extended the deep PAN-18-01 hole which Teck stopped in 2019 without encountering the Sullivan Time Horizon. DLP did intersect the STH but only peripheral evidence that a Sedex deposit may be present. This led DLP to expand the DD property to the northeast with the acquisition of the Moby Dick and NZOU properties, following which DLP undertook a 33 line km Titan magnetotelluric geophysical survey which revealed a series of deep MT targets along a northeast-east linear trend north of holes drilled by past operators. Highly conductive pyrrhotite is the likely explanation for the MT targets, but pyrrhotite is also intimately associated with the Sullivan Deposit (160 million tonnes of 5.86% zinc, 6.08% lead and 67 g/t silver), and each of the 4 targets has the scale to be Sullivan 2. Drilling resumed in February 2021 with the first hole DO21-01 drilled on a separate low priority target called the Gerry Vent, which happened to be accessible in February and proved a bust, and the second hole DO21-02 drilled on the westernmost MT anomaly to a depth of 1,901.6 metres. DLP reported results for DO21-02 on June 28, 2021; although it did not yield a discovery it did encounter fragmentals and minor zinc-lead-silver mineralization within the STH suggesting proximity to a vent. DLP plans to drill the 3 other MT targets, resuming in late August with a vertical hole on the next MT target within the northeast trend. Meanwhile the attention is shifting to the Hungry Creek project where an MT survey completed in June will guide two 400 m holes to test for the source of high grade sulphide copper boulders. The Creston formation, which is younger than the Aldridge formation, is the BC equivalent of the Revett formation in western Montana which hosts the Montanore deposit (136 million tonnes @ 0.78% copper and 60 g/t silver) now owned by Hecla. This type of deposit formed through mineral rich brines migrating through sediments and achieves economic significance when the mineralization is stratabound. Unlike Montanore which cannot be open-pit mined, and still encounters opposition to underground mining, Hungry Creek's location 40 km west of the Sullivan Mine poses no such development obstacles. The purpose of DLP's drill program scheduled to start mid July is to see if the high grade boulders originate from bedded mineralization which has big tonnage implications versus cross-cutting structures. The boulders occur near several VLF anomalies in an area of valley fill up to 50 metres thick so the bedrock geology is unknown. The Hungry Creek project has no exploration history and was generated in 2019 so this program should be viewed one creating geological context rather than making a blind discovery. The Aurora property in southern Peru was optioned in May 2021 on terms which require DLP to spend USD $3 million within 4 years of the "effective date" and pay $3 million with $2,350,000 due at the end of 4 years. The effective date is when drill permits are secured whose timing is uncertain in light of the political turmoil in Peru over the presidential election. The company raised $1.3 million in June 2021 which has been set aside for this project which was first explored by David Lowell's Bear Creek in 2001 and Vena Resources in 2005 for a total of 13 drill holes. Aurora is a 1,500 m by 500 m copper-molybdenum porphyry system whose near surface portion is very low grade due to leaching. The deposit has a 26 m thick chalcocite enrichment blanket grading to 1% copper within a 250-300 m depth range, beneath which is a 100 m plus layer of primary copper sulphide mineralization around 0.5% copper (ie 114 m of 0.54% Cu) that transitions to a deeper molybdenum rich zone. Only 3 of the historical holes were deep enough to intersect the primary sulphides. It is DLP's goal to delineate the primary copper sulphide zone and assess its potential as an underground block-caving operation. South American copper porphyries are the specialty of Ian Gendall who reviewed Aurora for a major in 2013. For the next 12 months DLP should be treated as a discovery exploration junior testing southeastern BC ideas generated by David Pighin, but the ground work has been laid to transition to an advanced copper play if success eludes the BC projects. The downside of the Aurora project is the geopolitical risk currently associated with Peru. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| William R. Bennett |
Lawyer |
6/7/2019 |
|
|
|
|
3,022,222 |
3.8% |
| Carol Li |
Accountant |
10/31/2019 |
|
|
|
Advisory Board |
3,555,556 |
4.5% |
| Richard N. Zimmer |
Engineer |
6/7/2019 |
|
|
|
|
3,555,556 |
4.5% |
| James J. Stypula |
Businessperson |
6/7/2019 |
|
|
|
Chairman |
3,255,278 |
4.1% |
| Donald Njegovan |
Investment Banker |
7/30/2020 |
|
|
|
|
180,000 |
0.2% |
| Luke Alexander |
Broker |
10/31/2019 |
|
|
|
|
3,555,556 |
4.5% |
| Mark Kucher |
Investment Banker |
10/31/2019 |
|
|
|
Advisory Board |
3,555,556 |
4.5% |
| David L. Pighin |
Geologist |
10/31/2019 |
|
|
|
Advisory Board |
3,555,555 |
4.5% |
| Leslie A. (Robin) Sudo |
Accountant |
6/7/2019 |
|
|
|
CFO |
3,555,555 |
4.5% |
| Derek C. White |
Consultant |
10/31/2019 |
|
|
|
Advisory Board |
3,555,555 |
4.5% |
| Robert Schiesser |
Broker |
10/31/2019 |
|
|
|
|
2,000,000 |
2.5% |
| Glenn Jamieson |
|
10/31/2019 |
|
|
|
|
1,340,000 |
1.7% |
| Peter McKeown |
|
10/31/2019 |
|
|
|
|
1,340,000 |
1.7% |
| Jamie McVicar |
|
10/31/2019 |
|
|
|
|
1,340,000 |
1.7% |
| Allan Frame |
Broker |
7/11/2022 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Ian Gendall |
Geologist |
6/1/2020 |
|
|
|
CEO & President |
0 |
0.0% |
Issued
24,619,097 |
Price
$0.10 |
Working Capital
$571,926 |
Story Type
Discovery Exploration |
Diluted
31,275,500 |
Insiders
4.9% |
As of
9/30/2022 |
Key People
Dennis Moore (CEO), Alan H. C. Carter (Chair), Clayton Newton (VP EX), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
11/25/2009 |
|
|
|
|
52,860 |
0.2% |
| Dennis Moore |
Geologist |
7/5/2017 |
|
|
|
CEO & President |
592,602 |
2.4% |
| Alan H. C. Carter |
Mining Executive |
7/5/2017 |
|
|
|
Chairman |
460,333 |
1.9% |
| Blaine A. Monaghan |
Investor Relations |
10/1/2018 |
|
|
|
CEO & President |
105,417 |
0.4% |
| Randall Chatwin |
Lawyer |
4/20/2020 |
|
|
|
|
0 |
0.0% |
| Michael J. Williams |
Businessperson |
10/1/2014 |
|
|
|
|
0 |
0.0% |
| G2 Consultants Corp |
Investor Relations |
3/16/2020 |
|
|
|
IR |
0 |
0.0% |
| Mac Jackson |
Geologist |
12/18/2020 |
|
|
|
Advisory Board |
0 |
0.0% |
| Clayton Newton |
Geologist |
5/5/2017 |
|
|
|
VP Exploration |
0 |
0.0% |
| Jeffrey A. Pontius |
Geologist |
12/10/2009 |
|
|
|
Advisory Board |
0 |
0.0% |
| Andy Wallace |
Geologist |
7/23/2019 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
124,482,455 |
Price
$0.04 |
Working Capital
($162,150) |
Story Type
Discovery Exploration |
Diluted
151,351,591 |
Insiders
18.4% |
As of
10/31/2022 |
Key People
Peter R. Hughes (CEO), Walter T. Segsworth (Chair), Charles R. Chebry (CFO), Kathy Love (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
6/30/2006 |
|
|
|
Advisory Board |
60,000 |
0.0% |
| David E. Blann |
Engineer |
11/17/2004 |
|
|
|
CEO & President |
5,701,801 |
4.6% |
| Michael Cathro |
Geologist |
11/9/2012 |
|
|
|
CEO & President |
1,913,166 |
1.5% |
| Walter T. Segsworth |
Retired |
1/10/2017 |
|
|
|
Chairman |
1,292,222 |
1.0% |
| Rodger Gray |
Broker |
10/6/2014 |
|
|
|
|
1,094,702 |
0.9% |
| Sarah Weber |
Geologist |
7/7/2020 |
|
|
|
Advisory Board |
65,999 |
0.1% |
| Peter R. Hughes |
|
9/27/2021 |
|
|
|
CEO & President |
0 |
0.0% |
| Resource Capital Fund VI LP |
Institution |
7/5/2016 |
|
|
|
|
11,500,000 |
9.2% |
| Charles R. Chebry |
|
6/25/2008 |
|
|
|
CFO |
1,306,000 |
1.0% |
| Finley Bakker |
Geologist |
1/9/2023 |
|
|
|
Advisory Board |
0 |
0.0% |
| Donald J, Barker |
Engineer |
8/22/2013 |
|
|
|
Advisory Board |
0 |
0.0% |
| Graeme Evans |
Geologist |
8/24/2011 |
|
|
|
Advisory Board |
0 |
0.0% |
| David Kuran |
Geologist |
8/24/2011 |
|
|
|
Advisory Board |
0 |
0.0% |
| Kathy Love |
Administrator |
7/7/2020 |
|
|
|
Corporate Secretary |
0 |
0.0% |
| Kent Pearson |
Geologist |
1/9/2023 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
41,608,982 |
Price
$0.13 |
Working Capital
($1,672,710) |
Story Type
Discovery Exploration |
Diluted
47,311,679 |
Insiders
22.5% |
As of
9/30/2022 |
Key People
Gordon P. Leask (CEO), Scott Davis (CFO), Megan M. Cameron-Jones (Sec), |
| SV Rating: Zombie Spec Value - as of December 4, 2019: Highway 50 Gold Corp has a Bottom-Fish Spec Value rating based on its Sullivan Two Hunt at the Monroe project in southeastern British Columbia located 33 km south of the original Sullivan Mine, a former underground mine which produced 149.2 million tonnes at 6.5% lead, 5.6% zinc and 67 g/t silver from 1900-2001. Sullivan was a tabular SEDEX style deposit (2,000 x 1,600 x 21 m) which formed in a marine setting via a feeder vent. Because such smokers associated with rift settings rarely occur alone, finding another Sullivan in the Purcell Basin has long been an obsession for juniors. HWY is controlled by brothers John and Gordon Leask who have stalked Sullivan Two since the eighties. Monroe sits at the edge of the Moyie Fault, a regional NE-SW fault that has dropped the Aldridge Formation, aka Sullivan Time Horizon, hopelessly deep to the south. The Monroe area has had multiple exploration waves, starting with the Vine vein system in 1979 on ground to the east now owned by PJX Resources Inc, moving to the FORS vent discovery to the west by Barkhor/Ramrod in 1992-1993, and followed by the Leasks in 1996 through another junior called Citation. The Leasks wandered off to Nevada and Argentina, only to return in 2010 after digesting a newly published Sullivan compendium that gave them a fresh perspective on what might be going on in the Monroe area. The ground was open so they privately acquired it. In 2016 they optioned Monroe 50% to HWY for $3 million exploration over 4 years. HWY has spent about $2 million on 5 drill programs, gradually vectoring into a make or break target at 1,200 m depth inconveniently beneath Monroe Lake. The last program finished in Nov 2018 with 2 holes lost before target depth and the third snaking into a younger gabbro dyke on the western edge of the target. This program broke the bank and Highway 50 will need to refinance to resume drilling in 2019. Although HWY has only 42.7 million shares, much of it closely held by the Leask fan club, the market has tired of this story. It is also disgruntled by the terms of the non-arms-length deal which does not define what happens once HWY vests for 50%. Rejigging this deal to enable HWY to earn a majority stake could make the next funding round easier. The fallback story if Monroe proves a bust is the Golden Brew Carlin-type play in Nevada optioned 50% to Regulus in 2014 for USD $5 million over 5 years. The last drill program done in late 2017 confirmed an area of CTGD pathfinder mineralization beneath 400-600 m of gravel cover. Regulus, which refinanced in 2018, may resume drilling in 2019. This Nevada 2.0 prospect is near the Quito deposit at the southwestern end of the CTGD range created by the Farallon subduction slab rollback in northern Nevada from 42-25 million years ago. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
1/4/2021 |
|
|
|
|
0 |
0.0% |
| Gordon P. Leask |
Engineer |
2/5/2008 |
|
|
|
CEO & President |
4,683,076 |
11.3% |
| John M. Leask |
Engineer |
7/18/2008 |
|
|
|
|
3,333,130 |
8.0% |
| Megan M. Cameron-Jones |
Administrator |
12/11/2007 |
|
|
|
Corporate Secretary |
1,022,777 |
2.5% |
| Bassam Moubarek |
Accountant |
5/6/2016 |
|
|
|
|
185,789 |
0.4% |
| Peter R. Krag-Hansen |
Investor |
12/2/2010 |
|
|
|
|
150,000 |
0.4% |
| Scott Davis |
Accountant |
3/31/2016 |
|
|
|
CFO |
0 |
0.0% |
Issued
125,699,697 |
Price
$0.37 |
Working Capital
$2,080,398 |
Story Type
Feasibility Demonstration |
Diluted
135,749,697 |
Insiders
2.3% |
As of
10/31/2022 |
Key People
Vince Sorace (CEO), William R. Bennett (Chair), Gavin Cooper (CFO), Andrew Sharp (COO), Robert Duncan (COO), Evandra Nakano (VP CD), Rory Kutluoglu (VP EX), Gordon K. Neal (VP CD), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| William R. Bennett |
Lawyer |
12/20/2017 |
|
|
|
Chairman |
15,150 |
0.0% |
| Vince Sorace |
|
4/10/2012 |
|
|
|
CEO & President |
2,545,609 |
2.0% |
| Stephen P. Quin |
Geologist |
12/20/2017 |
|
|
|
|
165,000 |
0.1% |
| Jay Sujir |
Lawyer |
12/20/2017 |
|
|
|
|
38,460 |
0.0% |
| Mark Forsyth |
|
1/20/2022 |
|
|
|
|
0 |
0.0% |
| Gavin Cooper |
Accountant |
4/15/2015 |
|
|
|
CFO |
164,500 |
0.1% |
| R. Stuart Angus |
Lawyer |
5/20/2015 |
|
|
|
Advisory Board |
0 |
0.0% |
| Robert L. Carpenter |
Geologist |
9/27/2016 |
|
|
|
Advisory Board |
0 |
0.0% |
| Angus Christie |
Engineer |
1/17/2018 |
|
|
|
Project Manager |
0 |
0.0% |
| Harry E. Cook |
Geologist |
2/27/2013 |
|
|
|
Advisory Board |
0 |
0.0% |
| Susan P. Craig |
Geologist |
7/4/2018 |
|
|
|
VP |
0 |
0.0% |
| Robert Duncan |
Geologist |
2/2/2017 |
|
|
|
COO |
0 |
0.0% |
| Rory Kutluoglu |
Geologist |
2/2/2017 |
|
|
|
VP Exploration |
0 |
0.0% |
| Cherie Leeden |
Geoscientist |
2/4/2021 |
|
|
|
Advisory Board |
0 |
0.0% |
| Peter G. Meredith |
Accountant |
11/29/2017 |
|
|
|
Advisory Board |
0 |
0.0% |
| Andrew Mugridge |
|
2/17/2012 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Evandra Nakano |
Administrator |
2/2/2017 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Native Ads Inc |
Investor Relations |
9/8/2021 |
|
|
|
IR |
0 |
0.0% |
| Gordon K. Neal |
Consultant |
5/6/2015 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Red Cloud Financial Services Inc |
Investor Relations |
6/24/2021 |
|
|
|
IR |
0 |
0.0% |
| Andrew Sharp |
Engineer |
7/12/2022 |
|
|
|
COO |
0 |
0.0% |
| Andrew T. Swarthout |
Geologist |
3/12/2014 |
|
|
|
Advisory Board |
0 |
0.0% |
Issued
78,085,103 |
Price
$0.14 |
Working Capital
$1,028,378 |
Story Type
Feasibility Demonstration |
Diluted
98,742,748 |
Insiders
4.2% |
As of
9/30/2022 |
Key People
Ian Harris (CEO), Ian Slater (CEO), Paul Taggar (CFO), Matthew Wunder (VP EX), Thomas Mumford (VP EX), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| William R. Bennett |
Lawyer |
6/17/2019 |
|
|
|
|
50,000 |
0.1% |
| Ian Slater |
Accountant |
6/5/2008 |
|
|
|
CEO & Chairman |
2,000,000 |
2.6% |
| Robert B. Pease |
Geologist |
5/19/2016 |
|
|
|
|
467,500 |
0.6% |
| Jay Sujir |
Lawyer |
6/5/2008 |
|
|
|
|
300,000 |
0.4% |
| Ernest Mast |
Engineer |
1/22/2020 |
|
|
|
|
233,000 |
0.3% |
| Ian Harris |
Engineer |
6/17/2021 |
|
|
|
CEO & President |
100,000 |
0.1% |
| Bradley C. Rourke |
Consultant |
6/17/2021 |
|
|
|
|
100,000 |
0.1% |
| Independent Trading Group Inc |
Investor Relations |
11/2/2021 |
|
|
|
IR |
0 |
0.0% |
| Tetiana Konstantynivska |
Investor Relations |
6/17/2021 |
|
|
|
IR |
0 |
0.0% |
| Thomas Mumford |
Geologist |
6/17/2021 |
|
|
|
VP Exploration |
0 |
0.0% |
| Red Cloud Financial Services Inc |
Investor Relations |
10/5/2021 |
|
|
|
IR |
0 |
0.0% |
| Paul Taggar |
Accountant |
8/15/2022 |
|
|
|
CFO |
0 |
0.0% |
| Matthew Wunder |
Geologist |
3/14/2022 |
|
|
|
VP Exploration |
0 |
0.0% |
Issued
1,047,726,381 |
Price
$0.10 |
Working Capital
$6,225,191 |
Story Type
Producer |
Diluted
1,068,426,381 |
Insiders
12.7% |
As of
9/30/2020 |
Key People
Stephen P. Kenwood (CEO), Paul S. Reynolds (COO), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Paul S. Reynolds |
Geologist |
2/6/2012 |
|
|
|
COO |
80,000 |
0.0% |
| Stephen P. Kenwood |
Geologist |
3/7/1996 |
|
|
|
CEO & President |
70,000 |
0.0% |
| John Campbell |
|
11/21/2013 |
|
|
|
|
0 |
0.0% |
| Shou Wu (Grant) Chen |
Geologist |
11/21/2013 |
|
|
|
|
0 |
0.0% |
| Gengshu Miao |
Businessperson |
10/22/2013 |
|
|
|
|
0 |
0.0% |
| Fan Zhong Kong |
|
6/12/2014 |
|
|
|
|
133,314,714 |
12.7% |
Issued
88,905,504 |
Price
$0.13 |
Working Capital
$668,296 |
Story Type
Discovery Exploration |
Diluted
101,810,504 |
Insiders
41.7% |
As of
9/30/2022 |
Key People
Michael A. Power (CEO), Larry B. Donaldson (CFO), Ian J. Talbot (COO), Richard Drechsler (VP CD), Glenn R. Yeadon (Sec), |
| SV Rating: Bottom-Fish Spec Value - as of November 28, 2022: Silver Range Resources Ltd has had a Bottom-Fish Spec Value rating since late 2018 based on its prospect-generator-farmout strategy and on December 31, 2020 it was elevated to a Favorite in the 2021 Edition in recognition of its expanded focus on high grade gold prospects in Nevada. Headed by CEO Mike Power, Silver Range is an affiliate of Doug Eatons's Strategic Metals Inc which owns 16.2% of SNG's 82 million issued shares (92.3 million fully diluted). Silver Range listed on the TSXV on Aug 10, 2011 after Strategic spun it out along with $16 million to hold the Silver Range silver play in the Yukon. SNG spent most of its money delivering a resource estimate for the Keg zone in 2013 which induced a market yawn and the company faded into obscurity until March 2016 when Doug Eaton handed the reins to Mike Power and SNG acquired for 10 million shares a portfolio of prospects in Nunavut, NWT and Nevada from a private company with which he was involved. This marked a strategic shift away from the Yukon and the Silver Range project was sold to a private group for a 2% NSR on silver and 1% on other metals. Since 2017 Mike Power has staked numerous prospects mainly in Nunavut and Nevada, and as of the start of 2021 held a total of 59 prospects: 42 in Nevada, 8 in Nunavut, 5 in NWT and 4 leftover prospects in the Yukon. Of the Canadian prospects only the Tree River play in Nunavut intrigues me because it hosts a conglomerate with the same age as Witwatersrand and the Pilbara which has gold potential, and, based on work done in 2020 by academics, possibly even ancient alluvial diamonds. What really interests me is the collection of prospects Mike Power has staked in Nevada where his strategy is to research the archives for evidence of past gold exploration, investigate the site, and stake claims if justified. He has avoided Carlin-type settings in favor of epithermal, mesothermal or intrusion related gold system settings which have potential for high grade gold and silver deposits. As a result most of Silver Range's prospects are in western Nevada within or near the Walker Lane corridor where Carlin-type mineralization is absent. Power's rationale is simple: new Carlin type prospects are nearly impossible to generate from existing data, the "trends" where Carlin-type deposits have been found are tightly controlled, and potential new deposits are going to be blind, hidden beneath basin gravel or barren younger rock cover, and thus very expensive to explore. In other words decent Carlin-type prospects are difficult to generate and even more difficult to farm out, for the Barrick-Newmont JV has plenty to do within their consolidated holdings, only Australian gold producers are foolish enough to think they can make a big Carlin-type discovery in Nevada, and the juniors who are Silver Range's farmout target market are looking for prospects that "show well" and can be more readily promoted, starting with redrilling known high grade mineralization to confirm historic results. In this regard Silver Range is similar to another KRO Favorite, Eagle Plains Resources Ltd, which applies the same strategy to British Columbia and Saskatchewan. In fact, Eagle Plains' CEO Tim Termuende sits on SNG's board which is not a conflict because they specialize in different regions. Silver Range seeks a variety of deal types, including 100% farmouts that provide a stream of stock and cash payments with a residual royalty, but also staged exploration expenditure earn-in deals that leave it with a 25% interest. The business model is one of "renting" prospects to juniors with the expectation that most of the partners will eventually default, resulting in recovery of 100% ownership with the stock and cash payments funding ongoing prospect generation activity. It is a statistics game that requires a large portfolio of prospects with numerous active farmouts, which has been a hard slog during the past decade. Unlike prospect generation activity in unexplored regions where a prospect could create that "Andre Gaumond" moment where something new and too good to farm out can show up, Silver Range is not vulnerable to such temptations. Power knows that if an old play likely picked over by earlier competitors is to yield a new discovery, it will take a combination of geological imagination and lots of exploration dollars - there are no "holy mackeral, look what we found" moments. So if Silver Range is actually a prospect recycler rather than generator, what justifies making this junior a Favorite? Timing is everything. We are now in year two of a resource junior bull cycle that will run for several years following a decade long bear market. The cannabis promoters will soon enough have new shells and a glass half full audience to which they must quickly serve a good exploration story with rapid results flow potential. Silver Range's hard work assembling the Nevada portfolio over the past few years is about to bear fruit in a big way, and the terms of the deals Mike Power can negotiate will become increasingly more beneficial to Silver Range. That still would seem to make Silver Range a rather boring Favorite to own, especially when the CEO insists that he loves all his prospects equally, forcing shareholders to ignore all of them. But there is one farmout that is my favorite, namely the East Gold Point project which covers the gravel flats east of the Gold Point district in the Walker Lane where a couple former small scale gold mines are owned by a private group with whom Power developed a relationship after he staked the land to the east where he believes the same structures that host the historic zones project. Another affiliate of Strategic Metals called GGL Resources Corp was having a hard time with diamond exploration in Canada's arctic, and wanted a more advanced gold play. So SNG introduced GGL to the Gold Point owners and GGL was able to strike a 100% acquisition deal with them, and then option 75% of the East Gold Point land held by Silver Range. At Gold Point, where the mineralization is of a mesothermal nature rather than epithermal which has vertical extent limitations, GGL will explore deeper for high grade and possible along strike offsets missed by the past operators. Undertaking the rethink of the original Gold Point will eventually whet the appetite to start looking at the unexplored extension potential under the East Gold Point gravels. And that could lead to a blind discovery bigger and better than what is in the outcropping bedrock at Gold Point. So owning Silver Range as a Bottom-Fish Spec Value rated Favorite that tracks the evolving resource junior bull market also provides exposure to a high impact discovery. And as Silver Range gets more deals with a temporarily carried interest of 25% or better, the chance of getting lucky on somebody else's nickel expands. |
| Hop to this company's People Tree |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Timothy J. Termuende |
Geologist |
1/14/2020 |
|
|
|
|
100,000 |
0.1% |
| W. Douglas Eaton |
Geologist |
1/11/2011 |
|
|
|
|
8,438,447 |
9.5% |
| Michael A. Power |
Geologist |
6/14/2016 |
|
|
|
CEO & President |
3,620,504 |
4.1% |
| Bruce A. Youngman |
Geologist |
1/11/2011 |
|
|
|
Chairman |
260,267 |
0.3% |
| Stephen P. Kenwood |
Geologist |
12/6/2021 |
|
|
|
|
0 |
0.0% |
| M. Elizabeth G. Wallinger |
Accountant |
1/14/2022 |
|
|
|
|
0 |
0.0% |
| Strategic Metals Ltd |
Public Company |
8/10/2011 |
|
|
|
|
15,263,673 |
17.2% |
| Aurora Geosciences Ltd |
Private Company |
12/3/2021 |
|
|
|
|
9,100,000 |
10.2% |
| Glenn R. Yeadon |
Lawyer |
5/1/2010 |
|
|
|
Corporate Secretary |
266,167 |
0.3% |
| Larry B. Donaldson |
Accountant |
8/29/2019 |
|
|
|
CFO |
0 |
0.0% |
| Richard Drechsler |
Investor Relations |
8/29/2019 |
|
|
|
VP Corp Dev |
0 |
0.0% |
| Ian J. Talbot |
Lawyer |
12/10/2020 |
|
|
|
COO |
0 |
0.0% |
Issued
13,884,422 |
Price
$0.21 |
Working Capital
($2,028,993) |
Story Type
Feasibility Demonstration |
Diluted
18,115,457 |
Insiders
16.0% |
As of
9/30/2022 |
Key People
John D. Anderson (CEO), Glen J. Diduck (CFO), Jessie Halle (VP EX), Donna M. Moroney (Sec), |
| Related Party |
Occupation |
Related
Since |
Insider |
Director |
Officer |
Capacity |
Ownership |
% |
| Glen J. Diduck |
Accountant |
1/13/2006 |
|
|
|
CFO |
10,750 |
0.1% |
| John D. Anderson |
Financier |
1/14/2010 |
|
|
|
CEO & Chairman |
505,500 |
3.6% |
| Marco Strub |
Fund Manager |
5/10/2011 |
|
|
|
|
135,600 |
1.0% |
| Brian Bower |
Consultant |
6/29/2020 |
|
|
|
|
0 |
0.0% |
| Gregory B. Sparks |
Engineer |
2/3/2017 |
|
|
|
|
0 |
0.0% |
| Newmont Corporation |
Public Company |
1/21/2022 |
|
|
|
|
1,459,967 |
10.5% |
| Sun Valley Gold LLC |
Institution |
6/17/2009 |
|
|
|
|
62,500 |
0.5% |
| Passport Materials Master Fund LP |
Institution |
1/15/2008 |
|
|
|
Placee |
26,000 |
0.2% |
| Tocqueville Gold Offshore Fund |
Institution |
1/15/2008 |
|
|
|
Placee |
20,800 |
0.1% |
| Allan Armitage |
Geologist |
10/18/2011 |
|
|
|
|
0 |
0.0% |
| Jessie Halle |
Geologist |
1/20/2020 |
|
|
|
VP Exploration |
0 |
0.0% |
| Bernie Kennedy |
Investor Relations |
|
|
|
|
IR |
0 |
0.0% |
| Dennis Moore |
Geologist |
4/1/2014 |
|
|
|
Advisory Board |
0 |
0.0% |
| Donna M. Moroney |
Administrator |
10/2/2019 |
|
|
|
Corporate Secretary |
0 |
0.0% |
| John Zbeetnoff |
Geologist |
5/5/2014 |
|
|
|
Advisory Board |
0 |
0.0% |
|
