Developing Resource Projects in Emerging Markets
This Carlyle Commodities profile is part of a paid investor education campaign.*
Carlyle Commodities (CSE:CCC) is a resource exploration and development company focused on acquiring, financing and developing growth-stage exploration projects that offer substantial upside. Carlyle Commodities’ flagship Cecilia gold-silver project is located in Sonora, Mexico approximately 40 kilometers southwest of Agua Prieta. The project is drill-permitted and comprises 7,739.4 hectares that have returned top rock chip and grab samples of 133.7 g/t gold and 335 g/t silver.
Carlyle Commodities also owns five projects in British Columbia, including its Sunset volcanic massive sulfide (VMS) cobalt–copper–zinc project, located only two hours drive from Vancouver, British Columbia, which was used as the company’s qualifying transaction. Carlyle’s other four BC projects are vanadium properties along the coast of British Columbia: Blackie, Peneece, Porcher and Star. Each property is located near major shipping routes and ports which could aid in delivering a finished product to foreign markets and end-users. The properties also host historical exploration work providing the company with additional exploration potential moving forward.
In August 2020, Carlyle Commodities entered into two mineral property option agreements with private company United Mineral Services Ltd, which is affiliated with Hunter Dickinson Inc. Under the Mack Option Agreement and Jake Option Agreement, Carlyle has the right to earn a 50 percent working interest in the Mack copper-molybdenum-gold project and Jake gold properties by completing US$400,000 in drilling and surveys.
Moving forward, Carlyle Commodities is exploring the potential of expanding its portfolio of resource projects, with particular focus on the precious metals markets.
Carlyle Commodities’ Company Highlights
- Flagship Cecilia gold-silver project is located in Sonora, Mexico and includes multiple drill targets across approximately 80 km2
- Rock chip and grab sample highlights from the Cecilia project include 133.7 g/t gold and 335 g/t silver
- Strong and committed management team with proven success in raising capital, making exploration discoveries and creating significant shareholder value
- A deal flow pipeline where the Carlyle team is actively reviewing other precious metal exploration projects of merit with a focus on the Americas, targeting the closing of additional deals in 2020
- World-Class grade and tonnage with an exploration focus on projects that offer both high-grade and tonnage
- A clean capital structure with approximately 20 million shares outstanding, most held by experienced resource investors offering prospective investors good value and significant upside potential
- Has a strategic partnership with United Mineral Services for the Mack copper-molybdenum-gold project in Dease Lake and Jake drill ready porphyry copper-gold project in North-central British Columbia.
Carlyle Commodities’ Cecilia Gold Project
Carlyle Commodities’ flagship Cecilia gold project is located 40 kilometers southwest of Agua Prieta in Sonora, Mexico. The project comprises 7,739.4 hectares hosting low-sulfidation epithermal gold-silver rhyolite mineralization. The project is drill permitted and includes multiple drill targets across the property. Rock chip and grab samples including 133.7 g/t gold and 335 g/t silver have been collected from the property.
The drill targets at the Cecilia gold project are split into two categories: four Cerro Magallanes Targets and six Cecilia 1 Targets. Carlyle Commodities intends to explore the Cerro Magallanes Targets of San Jose, North Breccia, Central Target and East Target during its summer 2020 drill program. The Cecilia 1 targets of Casa de Piedra, La Mesa, Medias Rojas, Cruz 1, Cruz 2 and Magallanecito could be explored at a later date.
Interval sampling at the Cerro Magallanes Targets has returned extensive wide intervals of gold mineralization, including:
- 30 & 60 g/t samples
- 27m @ 3.1 g/t gold
- 25m @ 3.6 g/t gold
- 20m @ 2.4 g/t gold
- 26m @ 1.9 g/t gold
- 14m @ 2.4 g/t gold
- 47m @ 1.1 g/t gold
Previous drilling at the Cerro Magallanes targets has returned 30 meters at 1.41 g/t gold and 42 meters at 0.5 g/t gold.
Moving forward, Carlyle Commodities intends to follow a five-step exploration strategy at the Cecilia gold project including prospecting, mapping, drill target definition, discovery drilling and resource drilling. In summer 2020 Carlyle Commodities completed a 5,000 meter drill program to test three gold targets that have previously been defined on the property, using a combination of old mine works and recent prospecting.
The Mack copper-molybdenum-gold property is located 23 kilometers west of Dease Lake in British Columbia. The Mack sheeted and stockwork vein deposit target forms a northwest trending zone that measures 1,000 meters long and roughly 600 meters wide according to historical records. This has been outlined by recent soil geochemical and airborne magnetic surveys as well as induced polarization chargeability surveys. samples from a 20 meter trench and pits showed results of up to 0.13 percent molybdenum, 0.39 percent tungsten and up to 1.6 grams per tonne of gold.
All three drill holes successfully intersected an extensive sheeted and stockwork vein-fracture system hosted in granodiorite, confirming the target’s postulated geological setting.
As a result of completing the first-ever exploration drill program at the Mack deposit target, and because the company has invested US$400,000, the company and United Mineral Services will enter into a 50/50 joint venture to advance the project.
The Jake drill ready porphyry copper-gold property is located in the Omineca Mining Division in North-central British Columbia, approximately 160 kilometers north of Smithers.
It features a 4,000 meter long by 2,000 meter wide gossan centered on a northeast trending ridge-line characterized by extensive dyking intruding sedimentary rocks. Within the area is a 2,300 meter long by 1,000 meter wide gold-in-talus geochemical anomaly. This indicates the presence of a significant size epithermal gold system that overlies an associated porphyry copper-gold deposit target as indicated by geochemical and geological surveys.
Carlyle Commodities’ Management Team
Morgan Good — Founder, President, CEO and Director
Morgan Good is a venture capitalist with 15 years of experience as a stock market professional focusing in areas of finance, corporate development and investor relations. He founded Patriot Capital in 2013 to invest in both private and public equity, with an emphasis on sourcing undervalued opportunities in the mining resource, cannabis and technology sectors. He recently served as CEO and Director of Ignite International Brands (CSE:BILZ) and handed his CEO role over to Instagram celebrity and professional poker star, Dan Bilzerian. He has been directly and indirectly responsible for raising in excess of $100 million over his career.
Mike Blady — Director
Mike Blady has served as senior management, director and member of the audit committees for several publicly-listed companies. Currently, he is the CEO and Director of Golden Ridge Resources (TSXV:GLDN), which recently made a new major alkalic copper-gold porphyry discovery in the Golden Triangle. He is also an Officer and Director of GTEC Holdings (TSXV:GTEC). He has served in many other companies on executive levels where he has been directly and indirectly responsible for raising in excess of $100 million to date.
Leighton Bocking — Director
Leighton Bocking is an independent corporate development consultant. He was the Manager of Corporate Development at Gold Standard Ventures Corp. from October 2014 through November 2015, and prior to that worked in a corporate development role at Timmins Gold Corp. from March 2008 through July 2013, both mining resource companies that combined raised in excess of $100 million.
Alastair Brownlow — CFO
Alastair Brownlow is a Chartered Professional Accountant and a US Certified Public Accountant (Washington) with significant public company experience who has specialized in the mineral exploration and development field in Canada and throughout the world. He also previously worked as an auditor in the British Virgin Islands specializing in financial and regulatory reporting of public and private fund and trust companies. Prior to this, he worked for a Canadian chartered accountant firm where he specialized in the mining industry, gaining significant accounting experience auditing mineral exploration and development companies in Canada and throughout the world. Brownlow has a Bachelor of Business Administration degree with first-class honors from Simon Fraser University.
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