here debug-> :lcxx75

CopperInvesting News

Your trusted source for investing success

Copper

Request an Investor Kit: OK2 Minerals

By completing this form, you are giving consent to receive email from OK2 Minerals. And remember you can unsubscribe at any time.

This profile is part of a investor education campaign. The profile provides detailed information which was sourced and approved by OK2 Minerals in order to help investors make better investment decisions. The Company’s support of Investing News Network ensures we can continue to bring you unbiased, independent news and information.

Resource Investing News Featured Stock

OK2 Minerals - Copper-Gold Exploration in British Columbia

OK2 Minerals – Copper-Gold Exploration in British Columbia

Overview

OK2 Minerals (TSXV:OK), formerly Gold Jubilee, is a Canadian-based junior exploration company focused on building a diversified portfolio of properties. The company’s flagship property is the Pyramid Copper-Gold Porphyry Project located in northwestern British Columbia. A two-phase drill program is expected to begin at Pyramid in the fall of 2016.

Management is currently working to secure acquisition agreements for further projects to compliment Pyramid. “We believe that in the next few years there will be a shortage of good exploration projects,” stated Mike Devji, OK2 Minerals CEO and Director. “We’ve had a tough four or five-year market, but we are on the verge of a bull market. When investors start to flock back into the market, companies with strong management teams and good projects will be looked at first. We’re positioning ourselves to be one of those companies.”

In keeping with that goal, the company recently acquired the option to earn a 100 percent interest in the Kinskuch copper-gold porphyry project located ­­­­­­in the southern end of British Columbia’s Golden Triangle. “We believe that drill targets exist on the project, and we look forward to advancing this project over the coming months,” explained Devji. “It is a compelling addition to our already exciting Pyramid Copper-Gold project.”

Over the past few years OK2 Minerals has focused on building a strong, highly experienced team of mining professionals with a track record of success. Combined, they have raised in excess of $500 million dollars. The company recently completed two tranches of financing for aggregate proceeds of over $2 million which will be used to finance the upcoming drill program at Pyramid.

 Investment Highlights

  • Drill-ready exploration project with enormous size potential
  • Located in British Columbia’s prolific Quesnel Terrane, home to porphyry copper-gold mines such as Mt Milligan, Mt Polley and Gibraltar.
  • Geology, geophysics, and geochemistry show classic signs of porphyry copper-gold deposits
  • 2016 Drill Program at Pyramid –fully permitted and financed
  • Highly experienced management team
  • Building a strong portfolio of exploration projects with latest edition in BC’s Golden Triangle

Key Property: Pyramid Copper-Gold Porphyry Project

The Pyramid Copper-Gold Porphyry Project is located 65 kilometers north of Dease Lake in northwest British Columbia in the Quesnel Terrane, which is a known hot spot for large tonnage copper-gold porphyry deposits. The Quesnel Terrane is home to several mines including Copper Mountain, Red Chris, New Afton, Mount Polley, Mt Milligan and Kemess. The Gibraltar copper-molybdenum mine lies just outside the eastern edge of the region.

“If you want to find elephants you go looking in elephant country,” stated Devji. “The Quesnel Terrane is a large regional depositional belt that extends about 2,000 kilometers northward from the United States. Despite all the big porphyry-type discoveries in the region such as the Red Chris, it remains the most underexplored area in the world. So there is lots of opportunity for OK2 Minerals and the Pyramid project.”

OK2 Minerals - Copper-Gold Exploration in British ColumbiaThe property is road accessible and near a major highway. The recently constructed Northern Transmission Line is located 136 kilometers to the south and the nearest deep water ports are located in Stewart, BC (445 kilometers) and Skagway, AK (674 kilometers).

Since acquiring the property in 2013, the company has completed three field programs. Three large zones of highly prospective for copper-gold mineralization have been identified on the Pyramid property: West, Central and East Zones. Several strong structural trends transect the property at a regional scale.

OK2 Minerals - Copper-Gold Exploration in British Columbia

During the 2015 exploration program, widespread copper and gold anomalies were targeted based on the previous program results. The work included the collection of over 400 geochemical samples (soil and rock), detailed geological mapping, prospecting and 3D-Induced Polarization geophysics.

In the East Zone, disseminated mineralization occurs with values up to 0.70 percent copper, 0.11 g/t gold in silicified feldspar porphyry. The results of the 2013 rock sampling program showed values of 1.67 g/t gold and 0.31 percent copper in altered intrusives. Follow-up work in 2014 increased the sample inventory with values as high as 4.6 g/t and 11.5 g/t gold.

The West Zone has the geological, geochemical, and geophysical characteristics of a high level porphyry environment. Rock sampling has returned values up to 0.41 percent copper and 4.4 g/t gold. A 3.7 square-kilometer gold (22.5 ppb) and copper (250 ppm) soil anomaly has been identified with individual soil values as high as 4.2 g/t gold and 0.3 percent copper.

At the Central Zone, a large, buried IP high chargeability anomaly flaked by resistivity lows was outlined during the 2014 IP survey. The 2015 IP infill survey defined a larger deep IP high chargeability anomaly.

A two-phase 2016 drill program is planned for the Pyramid property to further explore these zones. The fully-permitted and funded work is scheduled to begin in September 2016.

Latest Portfolio Addition: Kinskuch Copper-Gold Porphyry Project

The Kinskuch copper-gold porphyry project consists of a 3,025-hectare land package in the southern end of British Columbia’s Golden Triangle—a well-known, large producing mining district. OK2 Minerals signed an earn-in agreement with LCT Holdings in August 2016 for the option to fully acquire the property.

OK2 Minerals - Copper-Gold Exploration in British Columbia

“Our focus has been to outline and define projects in emerging world-class districts,” stated Devji. “We targeted this project based on a number of factors, most importantly the location of the project and the underlying Stuhini contact, which represents a period of time where major deposits, like KSM and Brucejack, were being formed in BC.”

The region of the province hosts large epithermal gold, porphyry copper-gold and VMS deposits, as demonstrated via exploration conducted by AngloGold Ashanti, Agnico Eagle, Dolly Varden Silver, Teck Resources and Homestake Resource Corp. The geological setting and style of mineralization of the Kinskuch Lake area is similar to the Kerr porphyry copper-gold deposit held by Seabridge Gold.

Past work on the Kinskuch Project included rock sampling, channel sampling, geological mapping and diamond drilling. Two drill campaigns were completed in 2002 and 2008 for a total of 15 holes. Highlights include:

  • discovery hole BB03-03 returned 25 meters of 0.86 percent copper with 0.64 g/t gold; and
  • another intersection of 21 meters of 0.36 percent copper with 0.24 g/t gold which ended in mineralization.

To date, no follow up drilling has been completed in the area of these notable intercepts. In 2016, OK2 Minerals plans to target these areas and planned exploration with consist of detailed surface mapping, detailed sampling and a project wide compilation study.

Management

Mike Devji—CEO and Director

Mike Devji is an experienced financier of public companies. He led a group of investors who financed a 40 percent interest in the South Kemess Gold-Copper Deposit in British Columbia, Canada. That interest was subsequently sold for over $400 million. Devji was Vice President of Orko Silver and was responsible for raising more than $50 million to explore the La Preciosa silver deposit in Durango, Mexico. Orko Silver was sold to Coeur Mining in 2013 for $380 million.

James A. Currie, P.Eng.—President

James Currie was most recently the COO of Pretivm Resources leading the development of the company’s Brucejack high-grade gold asset in British Columbia. Previously, he led the construction and development of New Gold’s New Afton gold mine in B.C., which went into production ahead of schedule in 2012. Over the course of his 34-year career in the mining industry he has held roles in senior management, engineering and operations, on a number of projects that have progressed through feasibility to successful operation on schedule and budget. Currie holds a Bachelor of Applied Science degree with honours in mining engineering from Queen’s University and is a registered professional engineer.

George Cavey, P.Geo.—Vice-President Exploration and Director

George Cavey has over 35 years’ experience in exploration and consulting as the president of OreQuest Consultants. Cavey was also the former Vice President Exploration for Orko Silver who discovered the 264 million ounce La Preciosa silver deposit. He is a past president of the Canadian Council of Professional Geoscientists. Cavey was the 2004 recipient of the APEGBC C.J. Westerman Award as well as the recipient of the 2010 Canadian Professional Geoscientist Award, Canada’s highest honor for a Professional Geoscientist. He has also served as a consultant to the BCSC and the TSX Venture Exchange.

Cyrus Driver, CA.—Chief Financial Officer and Director

Cyrus Driver is currently a partner with Davidson and Company LLP. While providing general public accounting services to a wide range of clients, Mr. Driver specializes in servicing TSX Venture Exchange listed companies and members of the brokerage community. Mr. Driver currently serves as director and/or Chief Financial Officer of several TSX Venture Exchange companies and was a director of Orko Silver until it was sold to Coeur Mining in 2013.

Blair Schultz—Director

Blair Schultz currently serves on the board of directors for Klondex Mines and Eastmain Resources. He has also served on the board of directors for VMS Ventures and acted as Chair of the Special Committee for the successful merger with Royal Nickel Corporation. As Chairman of Klondex, Schultz played a vital role in restructuring the corporation, rescuing it from insolvency, and attracting and hiring new key management.

Tag Gill, B.A.Sc., CGA—Director

Tag Gill has been provided financial reporting and management services to publicly-listed companies, primarily in the mineral exploration sector, for more than 10 years. Gill served in the Technology Division of Teck Resources Limited, Canada’s largest diversified resource company. He holds a Certified General Accountant designation and a Degree in Chemical Engineering from the University of British Columbia. He was the Controller at Orko Silver until it was sold to Coeur Mining in 2013.

Douglas Cavey—Technical Services Manager

Doug Cavey has been exploring for porphyry copper deposits for a number of companies since 2007. Exploration has taken him to both North and South America. Cavey was instrumental in identifying the opportunity and potential of the Pyramid property and has guided the exploration programs at Pyramid for the last two field seasons.

Request an Investor Kit: OK2 Minerals

By completing this form, you are giving consent to receive email from OK2 Minerals. And remember you can unsubscribe at any time.

Enter Your Log In Credentials
×

Privacy & Legal Policy

This website is part of the Investing News Network published by Dig Media Inc.

Overview

INN's mission is to be the world's number one source of independent, unbiased news and education helping investors realized their financial goals. We also strive to be internationally respected for our integrity, our people and our commitment to excellence. Therefore, we are very concerned with the privacy rights of our audience and are committed to protecting the information collected about you.We have taken extensive measures to protect the confidentiality of your personal information and to protect your data from misuse and unauthorized access or disclosure. Unfortunately, no data transmission over the Internet can be guaranteed to be 100% secure. As a result, Dig Media cannot ensure or warrant the security of the information you transmit to us and you do so at your own risk.

Contact Information

Our postal address is

L200 - 560 Beatty Street,

Vancouver, BC V6B 2L3

We can be reached via e-mail at info@digmediasolutions.com or telephone at +1-604-688-8231

Information Collected

For each visitor to our website, our web server automatically recognizes no information regarding the domain or e-mail address.

We collect information volunteered by the visitor, such as survey information and/or site registrations, name and address, telephone number.

The information we collect is used to notify visitors about updates to our website, shared with other reputable organizations to help them contact visitors for marketing purposes.

With respect to cookies: When you visit our websites, we send one or more cookies, a small file containing a string of characters, to your computer that uniquely identifies your browser during your visit. We use these cookies to maintain your connection as you move from page to page, and to ensure anything you submit, such as a comment or a form, is not rejected. You can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some website features or services may not function properly without cookies.

If you do not want to receive e-mail from us in the future, please let us know by sending us e-mail at the above address.

Persons who supply us with their telephone numbers on-line may receive telephone contact from us with information regarding new products and services or upcoming events. If you do not wish to receive such telephone calls, please let us know by sending us e-mail at the above address.

Ad Server

With respect to Ad Servers:

Other third-party companies which place advertising on our site may collect information about you when you view or click on their advertising through the use of their cookies or other tracking technologies, which may include delivering targeted advertisements and marketing messages based upon the third party websites that you visit, or other purposes. We cannot control this collection of information and are not responsible for the privacy policies and data collection, use and disclosure practices of these third party advertisers. You should contact these third party advertisers directly if you have any questions about their use of the information that they collect from you. Google-DoubleClick DFP is our third party ad server. If you would like to know more about their information gathering practices and opt-out procedures, please see Google ad policies.

Also, if you would like more information about this practice and to know your choices about not having this information used by these companies, please see NAI Opt-out Options.

Information Use

We only share personal information with other companies or individuals outside of the cases outlined above in the following limited circumstances:

We may share with third parties certain pieces of aggregated, non-personal information, such as the number of users who searched for a particular term, for example, or how many users clicked on a particular advertisement. Such information does not identify you individually.

Remarketing

We may remarket your information. Remarketing is a way for us to connect with users, based upon your past interactions with INN websites. Third-party marketing vendors may be hired by INN to perform remarketing services. As a result, third-party vendors, including Google, may show INN ads on sites on the internet. Third-party vendors, including Google, use cookies to serve ads based on a user's prior visits to INN websites.

To opt out of customized Google Display Network ads click here. To find out more about how Google uses any data it collects please visit http://www.google.com/privacy_ads.html.
Any information collected is used only for remarketing purposes and will not be used by them for any other purpose.

Future Use

From time to time, we may use visitor information for new, unanticipated uses not previously disclosed in our privacy notice. If our information practices change at some time in the future we will post the policy changes to our website to notify you of these changes and provide you with the ability to opt out of these new uses. If you are concerned about how your information is used, you should check back at our website periodically.

Accessing Your Data

Please contact us at the address above for any additional questions about the management or use of personal data.

Upon request we provide site visitors with access to communications that the visitor has directed to our site (e.g., e-mails, customer inquiries), contact information (e.g., name, address, phone number) that we maintain about them.

Visitors can access this information by e-mailing us at the above address.

Upon request we offer visitors the ability to have inaccuracies corrected in contact information.

Visitors can have this information corrected by sending us e-mail at the above address.

Security

With respect to security: We have appropriate security measures in place in our physical facilities to protect against the loss, misuse or alteration of information that we have collected from you at our site.

Your Acceptance of These Terms

By using this site, or by submitting personal information to us, you signify your agreement to Dig Media's Privacy Policy and Terms of Use. From time to time we may change or update our piracy policies. It is your responsibility to check back regularly to inform yourself of such changes. Your continued use of this or any Dig Media website following the posting of changes to these terms will be deemed as your acceptance of those changes.

The foregoing policies are in effect as of August 1, 2012. Dig media reserves the right to change this policy statement at any time by posting the revised policy to this website. This statement and the policies outlined herein are not intended to and do not create any contractual or other legal rights in or on behalf of any party.

If you feel that this site is not following its stated information policy, you may contact us at the above addresses or phone number.

×
Investing News Network