Alianza Minerals (TSXV:ANZ,OTCQB:TARSF) is an exploration company that embodies the prospect generation approach with a twist. The company employs a hybrid business model towards project generation, fully funding very select projects while finding partners for others.
The company is focused on politically-stable jurisdictions throughout the Americas, particularly the Cordillera regions in Western North and South America. The company has a large variety of assets, but three projects are currently at exciting stages of exploration. Its flagship project is the Haldane Silver Project in Yukon, which recently completed a very successful drilling campaign.
Resource-focused investors are all too familiar with mining companies aiming to explore and develop their portfolios. A typical junior or mid-tier mining company begins with exploration, then ideally moves towards developing the asset so it can eventually reach full production. It’s a story as old as mining itself, but is this the only way? The prospect generation model offers investors one of the best avenues to gain exposure to promising assets while simultaneously mitigating the risks associated with the exploration stage.
A prospect generator leverages its expertise to identify promising assets and conducts early-stage exploration, such as geophysics, geological mapping, and geochemistry. Once an asset produces promising assay results, a partner may be solicited to help fund exploratory drilling. Rick Rule of Sprott USA said in an interview, “The idea is that the exploration business is very much like any other form of research and development business, and that the chief value is actually the intellectual capital of the management team.”
Alianza Minerals (TSXV:ANZ,OTCQB:TARSF) is an exploration company that embodies the prospect generation approach with a twist. The company employs a hybrid business model towards project generation, fully funding very select projects while finding partners for others. Alianza Minerals uses this approach to maximize opportunities for exploration success. The company boasts a diverse portfolio of projects in Tier One jurisdictions at different stages of exploration, with some having partnerships and others wholly owned by Alianza Minerals such as its high grade Haldane silver project in Yukon.
The company is focused on politically-stable jurisdictions throughout the Americas, particularly the Cordillera regions in Western North and South America. The company has a large variety of assets, but three projects are currently at exciting stages of exploration. Its flagship project is the Haldane Silver Project in Yukon, which recently completed a very successful drilling campaign. In addition, the Tim Silver Project in Southern Yukon and the Twin Canyon Gold Project in Colorado are undergoing various stages of exploration. Each of these projects already has access roads, with the Haldane and Twin Canyon projects even having nearby access to power.
Coeur Mining (NYSE:CDE) is the company’s partner to aid in exploring the Tim Project, and Coeur Mining also owns the nearby Silvertip Mine that has similar geology. Alianza is currently seeking a partner for the Twin Canyon Gold Project to help fund a ten-hole RC drilling program. The Haldane Silver Project is 100 percent owned by Alianza.
Giving its shareholders even more potential for discovery, in 2021, Alianza acquired two copper projects in Colorado and has secured a partner funding exploration, including drilling, on both projects for the summer of 2022.
Mark T. Brown, executive chairman, said, "It's tough to make economic metals discoveries in our business. So the more drilling you have, the more cracks you have at making a drill discovery and the better your chances of being successful. We're literally drilling at four projects in two well-known mining areas.”
Prospect generators ideally have a team of qualified experts; otherwise, they might fail to produce meaningful exploration results that intrigue other mining companies. Additionally, the management team needs to understand how to sell a prospect to a development company. A notable benefit of Alianza’s hybrid approach is that a partner adds another layer of scrutiny on the company’s projects and can also fill the gap if a particular asset needs a specific skill set.
Fortunately, Alianza Minerals has a diverse team of experts in both areas that builds confidence in the company’s ability to produce shareholder value with the prospect generation model. Jason Weber, Craig Lindsay and Marc Blythe have direct experience selling discoveries to other mining companies. Weber and Rob Duncan have a combined 55 years of mineral exploration experience, creating a solid foundation of expertise. Mark Brown was the founder of Rare Element Resources that he and his team built into a $500 million company. Experts in corporate management and accounting round out the management team.
The 100 percent owned Haldane Silver Project is in an underexplored yet high-grade silver property in a historic silver-mining region in Yukon. The project covers 8,164 hectares that host structurally-controlled silver veins. Phase Two exploratory drilling was recently completed and produced promising results.
Project Highlights:
The Yukon-based Tim Project consists of 72 mineral claims located 27 kilometers west of Watson Lake and only 19 kilometers northeast of the Silvertip deposit owned by Coeur Mining. Coeur Mining has partnered with Alianza and conducted mapping, soil sampling, trenching and airborne geophysical surveys. The company is currently awaiting results from the 2021 program.
Project Highlights:
The Twin Canyon Project is located in Colorado and contains a sandstone-hosted gold prospect. The project is approximately 20 kilometers from the town of Mancos. A small family operation previously owned the project and crushed the sandstone to recover gold. As a result, Alianza acquired the property believing it may contain widespread gold mineralization. The company is currently seeking a partner to conduct a ten-hole drilling program.
Project Highlights:
In 2021, Alianza struck a strategic alliance with Cloudbreak Discovery to identify and acquire copper prospects in the Southwestern United States. The alliance focused on Southwest Colorado, acquiring and subsequently optioning two copper projects, Klondike and Stateline, to Allied Copper, which can earn a 100 percent interest in the projects in return for shares, cash and exploration work. Allied is funding groundwork and remote sensing surveys at both projects in preparation for drilling in 2022.
Recent work at Klondike helped define drill targets in two areas and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56 percent copper and 1.4 g/t of silver over a 4.6 meter chip sample. Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 meters long by 100 meters wide before becoming obscured beneath gravel cover.
The Stateline Property lies just eight kilometers on trend of the operating Lisbon Valley Copper Mine in Eastern Utah. The Utah/Colorado state line hosts copper oxide mineralization at surface, within host sandstone units bearing strong similarities to copper deposits at Lisbon Valley. Mineralized outcrops have yielded assay results up to 1.6 percent copper and 1.7 g/t of silver and 0.45 percent copper and 2.1 g/t of silver.
1 copper mineralization at Klondike, CO
Jason Weber is a geologist with over 25 years of experience in the minerals exploration industry. Before Alianza, Weber held the position of president and CEO of Kiska Metals Corporation, an exploration company focused on exploring and developing the Whistler gold-copper porphyry project in Alaska. Weber was president and CEO of Rimfire Minerals Corporation from 2007 to 2009, when Rimfire merged with Geoinformatics to create Kiska. He initially joined Rimfire in 1999 as Manager of Corporate Communications after working as a consulting project geologist with Equity Engineering in Canada, the USA and Central America. Weber has served as a director and advisor to numerous junior exploration companies.
Rob Duncan has over 30 years of experience in mineral exploration with a wide range of companies, from major producers such as Rio Tinto and Inmet Mining to junior explorers. In addition, he has held senior management positions with junior explorers throughout the North American Cordillera, Canadian Shield and Eastern Europe. Duncan’s work entailed various deposit types, including orogenic gold, porphyry copper (gold), VMS, intrusion-related gold and epithermal gold-silver systems. He also has over 10 years of management experience, specifically with prospect-generator companies. In addition, he has held the position of exploration manager at Rimfire Minerals and VP of exploration and project development at Evrim Resources, now Orogen Royalties. (TSXV:OGN,OTCQX:OGNRF).
Marc Blythe has a Master of Business Administration from La Trobe University in Melbourne and a Bachelor of Mining Engineering degree from the Western Australian School of Mines. Blythe served as vice president of mining at Almaden Minerals from 2006 to 2011, also acting as president & CEO of Tarsis Resources, now a part of Alianza Minerals. He was also the vice president of corporate development at Nevsun Resources. Before that, Blythe held the position of corporate senior mining engineer for Placer Dome, a Vancouver-based company, from 2004 until 2006. During this tenure, Blythe completed internal and external mine evaluations, including advising on potential acquisitions and mining technology implementation.
Craig Lindsay has over 25 years of experience in corporate finance, investment banking and business development. His focus has been on mineral resources in the Western United States. He was the founder, president and CEO of Otis Gold until its sale to Excellon Resources (TSX:EXN) in 2020. Lindsay is currently the managing director of Arbutus Grove Capital, a private company offering corporate finance and merchant banking services.
Lindsay was a founder and president of Magnum Uranium until its merger with Energy Fuels (TSX:EFR) in June 2009. He also served as vice president of the Corporate Finance and Investment Banking Group at PricewaterhouseCoopers. Lindsay was also the founder of Malaspina Capital, a junior capital pool company. He was responsible for identifying its merger with Miranda Mining, a Mexico-based gold producer subsequently acquired by Wheaton River Minerals.
Sven Gollan spent 16 years as an investment/private banker in Germany and Austria, during which time he was active in the education and training of securities advisors and investment bankers. From 2011 to 2015, Gollan was an external consultant for the Grabher Family, Austria. Gollan has been with FruchtExpress Grabher as corporate treasurer since 2015. He is currently with FruchtExpress Norge, the Norwegian branch of FruchtExpress.
Mark Brown obtained his Chartered Accountant designation in 1993 while working with PricewaterhouseCoopers in Vancouver, BC. Brown has led the financial aspects of Alianza Minerals since 2007, including financing, regulatory and reporting issues. Before Alianza, Brown was the controller of two operating gold mining companies with operations in Northern Canada and South America. Brown currently sits on the boards of other public companies. He leads a team of ten people in the Vancouver office of Pacific Opportunity Capital, a financial consulting and merchant banking firm that’s active in venture capital markets in North America.
Winnie Wong is the vice president of client services at Pacific Opportunity Capital, a firm the Alianza has retained to provide financial management and accounting services. After graduation from Queen’s University, Wong worked with Deloitte & Touche, where she earned her Chartered Accountant designation. She currently acts as the CFO and corporate secretary of certain TSX Venture Exchange companies. She was formerly CFO of Rare Element Resources, a company with a $500 million market cap, as well as Animas Resources and AQM Copper.
Murray Jones joined Equity in 1997 and has over 35 years of experience in mineral exploration. Over this time, he has developed expertise in orogenic gold, volcanogenic massive sulfide and IOCG deposits. Jones continues to be driven by the diverse opportunities of the mineral exploration industry. In addition to the variety of challenges that come with the senior project geologist role, Jones’ primary motivations are his involvement in advancing new projects and working in new geological environments. His depth of experience adds significant value for guiding and mentoring younger geologists. Jones is currently working on Alianza’s Haldane Silver Project in Yukon.
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Vancouver, BC TheNewswire - May 13, 2022 - Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to announce the non-brokered private placement of 10 million Units of the Company at a price of $0.075 per Unit for gross proceeds to the Company of up to $750,000 (the " Offering ") is fully subscribed and will be closed shortly.
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Vancouver, BC TheNewswire - May 2 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) and Cloudbreak Discovery Plc ("Cloudbreak") (LSE: CDL) (the " Alliance ") are pleased to announce that partner Allied Copper Corp. ("Allied") (TSX-V: CPR) has completed an airborne magnetics survey at the Klondike Property (" Klondike "), located in southwestern Colorado, United States. A total of 213 line kilometres of surveying was completed at the property in order to help prioritize drilling targets for future campaigns. The Klondike Property consists of 76 unpatented mining claims, a State of Colorado Exploration Permit and an exclusive right to a State lease.
The recently completed survey was conducted using a drone-mounted magnetometer collecting data on 50 metre line spacings to provide a high resolution data set to assist in targeting drilling at the Northeast Fault, West Graben Fault and East Graben Fault targets. The data from the current program is being processed and the results will be interpreted to target potential structures and alteration associated with copper mineralization.
Allied Files Technical Report
Allied Copper recently filed the National Instrument ("NI") 43-101 Technical Report on SEDAR titled "Technical Report on the Klondike Exploration Project, San Miguel County, Colorado, USA". The report can be found at www.sedar.com or on Allied's website at www.alliedcoppercorp.com.
About the Klondike Property
The Klondike Property is located approximately 25 kilometres south of Naturita, Colorado. This property lies within the Paradox Copper Belt, which includes the producing Lisbon Valley Mining Complex. Numerous historical copper occurrences have been identified throughout the district, however, many of these have not been explored using modern exploration techniques.
A 2021 reconnaissance program consisting of mapping, stream sediment sampling and rock sampling was undertaken at the Klondike Property to help define drill targets at the West Graben Fault and East Graben Fault targets. Rock sampling and mapping successfully expanded the footprint of both targets and identified a new target named the Northeast Fault. Sampling at the Northeast Fault returned 1.56% copper and 1.4 grams per tonne ("g/t") silver over a 4.6 metre chip sample of bleached, bitumen spotted and altered Jurassic sandstones of the Saltwash member of the Morrison Formation.
Copper mineralized sandstones at the Northeast Fault target can be traced along the fault and outboard from it into the adjacent sandstones over an area 200 metres long by 100 metres wide before becoming obscured beneath gravel cover. Further anomalous copper, including 2.1 metres of 463 ppm copper, was encountered over one kilometre to the northwest where the structure and host strata next appear from beneath the same gravel cover.
At Klondike, documented copper exploration ceased in the 1960s with subsequent exploration targeting uranium the 1970s. Previous workers reported high-grade copper mineralization highlighted by results of 6.3% copper and 23.3 g/t silver in outcrop. In addition to its high-grade potential, disseminated copper-silver mineralization has been observed which may be amenable to modern open pit mining with Solvent Extraction Electrowinning ("SXEW") processing similar to the Lisbon Valley Mining Complex. Sedimentary hosted copper deposits are an important contributor to world copper production, accounting for more than 20% of the world's copper supply annually.
The project is road accessible year-round, traveling two kilometres of gravel road from paved highway. The project is comprised of 76 mining claims on Federal mineral rights managed by the BLM, in addition to an Exploration Permit and an exclusive right to a State lease from the State of Colorado.
Figure 1. Klondike Geology and Copper Results Map 
Click Image To View Full Size
About the Strategic Alliance
Under the terms of the Alliance, either Cloudbreak Discovery PLC or Alianza Minerals Ltd can introduce projects to the Alliance. Projects accepted into the Alliance will be held 50/50 but funding of the initial acquisition and any preliminary work programs will be funded 40% by the introducing partner and 60% by the other party. Project expenditures are determined by committee, consisting of two senior management personnel from each party. Alianza is the operator of Alliance projects unless the Alliance steering committee determines, on a case-by-case basis, that Cloudbreak would be a more suitable operator. The initial term of the Alliance runs for two years and may be extended for an additional two years.
About Cloudbreak Discovery PLC
Cloudbreak Discovery PLC, is a leading natural resource project generator, working across a wide array of mineral assets that are being developed and managed by an experienced team with a proven track record. Value accretion within the projects being developed by Cloudbreak's generative model enables a multi-asset approach to investing and exploration. Diversification within the mining sector and amongst resource classes is key to withstanding the cycles of natural resource investing.
About Allied Copper
Allied Copper Corp. is headquartered in Vancouver, BC Canada is a mineral exploration company focused on acquiring and developing potential long life, scalable copper-gold assets in the Western United States. The Company's strategy is to focus on low cost and potential high growth operations in low-risk jurisdictions. Allied Copper's management is committed to operating efficiently and with transparency in all areas of the business.
About Alianza Minerals Ltd.
Alianza employs a discovery-focused business model of joint venture funding and self-funded projects to maximize opportunity for exploration success. The Company currently has gold, silver and base metal projects in Yukon Territory, British Columbia, Colorado, Nevada and Peru. Alianza has one project (Tim, Yukon Territory) optioned out to Coeur Mining, Inc. and is actively seeking partners on other projects.
Alianza is listed on the TSX Venture Exchange under the symbol "ANZ" and trades on the OTCQB market in the US under the symbol "TARSF".
Mr. Jason Weber, P.Geo., President and CEO of Alianza Minerals Ltd. is a Qualified Person as defined by National Instrument 43-101. Mr. Weber supervised the preparation of the technical information contained in this release.
For further information, contact:
Jason Weber, President and CEO
Sandrine Lam, Shareholder Communications
Tel: (604) 807-7217
Fax: (888) 889-4874
Renmark Financial Communications Inc.
Scott Logan
slogan@renmarkfinancial.com
Tel: (416) 644-2020 or (212) 812-7680
To learn more visit: www.alianzaminerals.com
Twitter:
LinkedIn:
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
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Alianza Minerals Ltd. (TSXV:ANZ ) ( OTC:TARSF) (" Alianza " or the " Company ") is pleased to announce a non-brokered private placement of 10 million Units of the Company at a price of C$0.075 per Unit for gross proceeds to the Company of up to $750,000 (the " Offering
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Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) led by Jason Weber, Rob Duncan and Mark Brown, has had a busy Q1 with several milestones achieved
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Vancouver, BC TheNewswire - March 18, 2022 - Alianza Minerals Ltd. ("Alianza") (TSXV:ANZ ) ( OTC:TARSF) announces that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular which were mailed to shareholders in connection with the meeting were approved at the Company's Annual General and Special Meeting held in Vancouver, BC, on March 17, 2022.
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NOVAGOLD RESOURCES INC. ("NOVAGOLD" or the "Company") (NYSE American, TSX: NG) is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on May 18, 2022 (the "Meeting"). All proposals were approved and all eleven director nominees were elected. A total of 277,994,591 or 83.43% of the Company's issued and outstanding shares were represented at the Meeting.
Kevin McArthur joins the Board of Directors of NOVAGOLD
The Company is also pleased to report the election of Kevin McArthur to its Board at the Meeting, effective May 18, 2022. Mr. McArthur is an industry leader with over 40 years of experience encompassing many facets of the mining business, including operations, corporate development and executive management. He currently serves as a non-executive director of Royal Gold, Inc. and First Quantum Minerals Ltd. Mr. McArthur served as CEO of major precious metals mining companies, including Goldcorp Inc., Glamis Gold Ltd. and Tahoe Resources Inc., which was subsequently acquired by Pan American Silver Corporation. His earlier career focused on mine operations and project development with major international mining companies, including, BP Minerals and Homestake Mining Company. Mr. McArthur obtained a degree in Mining Engineering from the University of Nevada in 1979.
Shareholder Engagement
During this year's proxy outreach, NOVAGOLD engaged with shareholders owning 40,000-plus shares; thus contacting holders of approximately 86% of the Company's issued and outstanding common shares entitled to vote at the Meeting. Year-over-year the input received from shareholders has helped shape and improve the Company's corporate governance practices.
Shareholder Voting Results
The Shareholders voted on the following matters at this year's Meeting:
Proposal 1 – Setting the Number of Directors
The vote was carried to set the number of Directors at eleven. The votes received by ballot were as follows:
| Votes For | 274,603,519 | 98.78% | |||
| Votes Against | 2,759,148 | 0.99% | |||
| Abstentions | 631,924 | 0.22% |
Proposal 2 – Election of Directors
The nominees listed in NOVAGOLD's Management Information Circular were elected as Directors of the Company. Detailed results of the votes are set out below:
| Proposal 2 | Outcome of the Vote | Votes by Ballot | |
| Election of Directors | Votes For | Votes Withheld | |
| Dr. Elaine Dorward-King | Carried | 257,097,146 (98.70%) | 3,380,588 (1.29%) |
| Sharon Dowdall | Carried | 252,857,047 (97.07%) | 7,620,687 (2.92%) |
| Dr. Diane Garrett | Carried | 258,169,285 (99.11%) | 2,308,449 (0.88%) |
| Dr. Thomas Kaplan | Carried | 258,809,101 (99.35%) | 1,668,633 (0.64%) |
| Gregory Lang | Carried | 259,660,658 (99.68%) | 817,076 (0.31%) |
| Igor Levental | Carried | 256,598,064 (98.51%) | 3,879,670 (1.48%) |
| Kalidas Madhavpeddi | Carried | 245,264,836 (94.15%) | 15,212,898 (5.84%) |
| Kevin McArthur | Carried | 259,610,343 (99.66%) | 867,391 (0.33%) |
| Clynton Nauman | Carried | 257,175,544 (98.73%) | 3,302,190 (1.26%) |
| Ethan Schutt | Carried | 258,124,301 (99.09%) | 2,353,433 (0.90%) |
| Anthony Walsh | Carried | 255,393,306 (98.04%) | 5,084,428 (1.95%) |
Proposal 3 – Appointment of Auditors
The vote was carried for the Appointment of the Auditors, PricewaterhouseCoopers LLP. The votes received by ballot were as follows:
| Votes For | 274,381,861 | 98.70% | |||
| Votes Withheld | 3,612,730 | 1.29% |
Proposal 4 – Advisory Approval of Executive Compensation ("Say-on-Pay")
The vote was carried on the Say-On-Pay Advisory Vote. The votes received by ballot were as follows:
| Votes For | 248,235,710 | 95.30% | |||
| Votes Against | 10,953,539 | 4.20% | |||
| Abstentions | 1,288,485 | 0.49% |
Full details of all proposals are fully described in the Company's Management Information Circular dated March 25, 2022 available on the Company's website at www.novagold.com/investors/mic/ , on SEDAR at www.sedar.com , and on EDGAR at www.sec.gov , and the detailed results of voting on each proposal are included in the Report of Voting Results filed on SEDAR and on EDGAR.
Following the Meeting, the Board dissolved the Environment, Health, Safety, Sustainability and Technical Committee and two committees were created in its place: the Engineering and Technical Committee and the Sustainability Committee. The Board appointed Kevin McArthur to serve on the Corporate Communications Committee, and the Engineering and Technical Committee. The membership of each the standing Board committees is available on the Company's website at: https://www.novagold.com/company/directors/ .
The Annual General Meeting of Shareholders webcast and corporate presentation is available on NOVAGOLD's website under Presentations .
NOVAGOLD Contacts:
Mélanie Hennessey
Vice President, Corporate Communications
Allison Pettit
Manager, Communications
604-669-6227 or 1-866-669-6227
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Exploring undeveloped land with the hopes of striking gold is a time-honored mining tradition, but it’s not the only way to create a profitable project. Restarting past-producing mines allows companies to start with proven mineralization, explore stockpile potential and utilize the existing infrastructure. In addition, stockpiles create a fast track to cash flow, as the previous miners may have had different criteria based on the economics of their time. For example, gold mines often stockpiled gold under a specific grade as it was not economically feasible, but given current prices and modern processing technology, it’s now worth processing the stockpiled gold and silver.
Restarting a past-producing mine begins by selecting the proper jurisdiction. Idaho, for instance, has mining-friendly policies that include tax incentives to create rural jobs. The gold rush of the 1800s led to the creation of the state. For example, the famous Silver City was founded near prolific silver and gold deposits. Mining policies in the state are focused on enabling ease of mining operations, both procedurally and practically.
CMX Gold & Silver (CSE:CXC,OTC:CXXMF) is an exploration and development mining company, focused on Idaho's historic gold and silver assets. The company’s flagship project is the Clayton Silver Mine, a past-producing asset that operated for 50 years and has historically mined over two million tonnes of ore. The project also has a stockpile of at least 500,000 tonnes of rock. The company has a strong capital structure with no legacy or sweat equity debt. Additionally, the project has no royalties and plans to generate cash flow in 2023 by processing the stockpile.
CMX Gold & Silver notes that the previous miners simply followed the known vein system, and it was sufficient for their time and goals. However, the company plans to conduct additional exploration using modern techniques to identify other veins. Once identified, the company will conduct drilling operations to confirm survey results and identify additional development opportunities.
In a recent interview, CEO Jan Alston discussed the excitement surrounding the Clayton Silver Mine, stating, “After 50 years in operation, it was closed down when commodity prices fell in the mid-1980s. We think the potential exists to add a lot of shareholder value by doing the work that is needed to establish that there is a lot more ore still to be mined. Our hope is to get this mine operating again.”
A strong management team builds confidence in the company’s ability to capitalize on the past-producing mine. Jan Alston, CEO, has worked in the natural resources industry for over 35 years, including practicing business law in the oil and gas sector. Glen Alston, CFO, has 30 years of experience in corporate finance and has worked with mining companies focused on diamonds, precious metals, and base metals. Additional experts in geology and financing bring their specialties to the management team.
The flagship project covers 276 hectares and is roughly 30 kilometers from Custer country. It includes 29 patented mining claims, two patented mill sites, and six unpatented mining claims. Additionally, further exploration aims to identify targets for an upcoming drill program that hopes to locate additional mineralization.
Project Highlights:
Jan Alston was born in Calgary, Alberta and attended the University of Alberta, where he obtained a bachelor’s of arts in 1978 and an LLB in 1981. Alston has been involved in public junior natural resource companies for over 35 years. He practiced law in the 1980s in the areas of business law, oil and gas, securities regulation, and corporate finance. He led the management team as president, chief executive officer, director and cofounder of Purcell Energy, an oil and gas exploration and production company listed on the Toronto Stock Exchange. After sixteen years, Purcell 2005 sold two-thirds of its oil and gas assets for more than US$150 million and spun out Tenergy. From November 2005, Alston was chief executive officer and director of Tenergy, a Toronto Stock Exchange-listed natural gas exploration and production company, until its sale in March 2006 for US$92 million. Since 2006, he has been involved in several private businesses in management and as an investor.
Glen Alston attended the University of Calgary, where he obtained his bachelor’s of commerce in 1986. He has over 30 years of experience in executive and management roles with public junior mining exploration companies. Alston has been a senior officer and director of several junior companies, as well as being involved in many different aspects of the business, including stock exchange listings, corporate finance activities, corporate development, project management, and accounting and audit functions. He has extensive experience in facilitating exploration projects for precious metals, diamonds, and base metals.
James O’Sullivan is a partner in the Calgary office of Dentons LLP. His current practice focuses on providing corporate and commercial advice to junior issuers, including start-up and growth companies active in the energy, mining, healthcare and technology markets. O’Sullivan’s expertise includes corporate governance, regulatory compliance and continuous disclosure matters. He has extensive experience in financings, mergers and acquisitions and other corporate reorganizations. O’Sullivan also serves as corporate secretary for several Canadian public companies. He has been a member of the Law Society of Alberta since 2007.
Richard T. Walker attended the University of Calgary, where he obtained his bachelor’s of science in geology in 1986 and his master’s of science in geology in 1989. He is a professional geologist registered with the Association of Professional Engineers and Geoscientists of British Columbia. He has over 30 years of practical field experience working with organizations of all sizes, from junior to major mining companies, both private and public, in Canada, the United States, and South America. Walker’s primary role has been the management of exploration programs for precious metals, with an emphasis on silver, and base metals. He has successfully completed programs in diverse jurisdictions, including British Columbia, Alberta, Northwest Territories, Nunavut, Yukon Territory, Saskatchewan, New Brunswick, Montana, Alaska, Brazil, Peru, and Chile. Walker provides consulting services through his firm, Dynamic Exploration, of which he has been president since 1996. He is the former president of the East Kootenay Chamber of Mines and a director of the BC and Yukon Chamber of Mines.
