What should I look for in an exploration company? The simple answer is management. Consider that many start-ups look similar. Everything, whatever the millions of ounces of gold or uranium, or the metal of your choice, roams the wonderful lands of a friendly mining district with nearby mines. After all, trying to raise money under the business mantra “I know no one has found anything near here and there are no signs of mineralization or infrastructure” Not wise, but we have hope.
That does not mean that there is no different geology in every project. Absolutely there. There are also differentiators related to development costs, time to commercialization, all-in-sustain costs, and potential mine life. It is the management’s responsibility to make all these decisions, which goes completely back to the first question.
At Idaho Champion Gold Mines Canada Inc. (CSE: ITKO) (OTCQB: GLDRF), all checkboxes are checked and there are projects with great potential. This is not a big surprise given the quality of management that leads the company. The Idaho Champion’s portfolio is divided into Idaho’s gold and cobalt assets, initially focusing on the Idaho and Butte County banner and champagne gold projects, respectively.
The Idaho Gold Project is one of North America’s most prolific and historic gold rushes, with all the necessary infrastructure nearby and one of the world’s leading mining jurisdictions. Hundreds of drill holes show the expansion of minerals in the lateral and depth directions, with 2.3 million tonnes of historical resources (not compliant with NI 43-101), equivalent to 1.2 grams / ton of gold. Validate and add.
That doesn’t mean that the company’s four cobalt properties on the cobalt belt in Lemhi County couldn’t be prioritized in the short term for the value of metal in electric vehicles, but especially in the short term of champagne. Because of this, the strategy is now gold-centric, producing gold in 1993.
A quick glance at the Idaho Champion’s leadership team shows that the company stands out among its peers with extensive experience in the resources and capital markets.
Bruce Reid is Chairman of the Board and owns 11.19 million shares of ITKO, or 10.7% of the company’s outstanding shares. Reid has more than 40 years of experience in the industry, including both geology and finance degrees and six years leading up to the acquisition by Alamos Gold, President and CEO of Carlisle Goldfields. Typical of experience (TSX: AGI) (NYSE: AGI) 2016. Prior to that, Reed was closely involved in the launch and successful construction and sales of numerous mining companies such as Western Goldfields, Patricia Mining and High Plains Uranium, while accumulating his extensive business. Investment history with companies such as Nesbitt Thomson, Loewen Ondaatje McCutcheon and Yorkton Securities.
As detailed in this article, CEO Jonathan Buick and CFO Julio Di Giralamo are steadily buying this stock. Like Reed, the two bring a powerful combination of finance and resource management to Idaho Champ. Buick owns 7.39 million shares of ITKO and Digilaramo owns 2.13 million shares.
The rest of the C suite, board and technical advisors are just as impressive. Rob Kell was appointed Chief Geologist in March to join mining teams such as South American Mining and Exploration Corp., BHP Minerals, Homestake Exploration, and Newmont Corp. (NYSE: NEM) (TSX: NGT). Brought over years of experience. , And Anaconda Mining Inc. (TSX: ANX) (OTCQX: ANXGF).
What attracts venerable professionals like Kel to smaller companies like the Idaho Champion? Perhaps it’s an opportunity to discover millions of ounces in Champagne, and Kell targets some of the most exciting drills he’s seen in his career.
Further management has a history of successful exploration in the region, with director Greg Schifflin holding a Bachelor of Science degree in geology from the University of Idaho and the University of Mining. Schifrin has been the CEO and Director of Blackrock Gold Corp. for over 35 years, providing technical services and project management to major and junior mining companies specializing in the exploration and development of precious metals, base metals, rare earths and uranium. Has been provided. Schifflin owns 2.22 million issued and issued ITKO shares.
Another veteran, Patrick Highsmith, is a professional geologist and mining executive who explores, operates and develops companies such as Rio Tinto (NYSE: RIO), BHP Billiton, Newmont, Lithium One and Pure. , Has 29 years of experience in leadership roles. Energy Minerals (TSX-Venture: PE) (OTCQB: PEMIF), and Fortescue Metals Group. Highsmith has worked on more than 250 projects worldwide and has led the team through creative transactions, new discoveries, scoping, and feasibility studies. He has experience in capital markets and has been involved in all kinds of financing and trading.
Richard Lebeille and Dr. Craig Bow are technical advisors to Idaho Champ. These are the types of people in your corner when looking at data and making decisions.
Leveille is world-renowned for his discoveries and research and is currently a consulting geologist for global mineral exploration projects. Previously, he was Vice President of Exploration at Freeport Copper & Gold, adding £ 54 billion to reserves and managing the team that discovered Chukarui Peki in Serbia sharing the 2016 PDAC Thayer Lindsley International Mineral Discovery Awards. He also served as Senior Vice President and Geologist at Phelps Dodge in South America and Kenecott Exploration in the United States.
He majored in geology at the University of Bow Oregon with a doctoral degree and was a full-bright geologist at the University of Edinburgh in Scotland, a precious metal-oriented consulting geologist with over 40 years of experience in national and international exploration. .. He helped the Stillwater PGE project evolve from the early exploration phase to positive production decisions. He held senior exploration positions at Gold Fields Exploration Inc, led gold exploration programs in Central America and Canada, and provided Gold Field’s entry into the Arctic Platinum Partnership with Outokumpu. He was also the Gold Exploration Manager at Newcrest Resources in South America.
In sports terms, Better may have to decide whether he wants to bet on a horse or a jockey. On those rare occasions, they can gain the strengths of both worlds. In the case of ITKO, management and insiders look at ITKO and believe in the direction of their own and the company’s projects, as evidenced by the fact that they own more than 30% of the outstanding shares. It proves that effectively.
World-class management team sees mining wealth in this junior minor
http://www.baystreet.ca/articles/stockstowatch.aspx?id=11472 World-class management team sees mining wealth in this junior minor