Overview
Gold is a well-respected hedge towards inflation and international financial uncertainty. The spot value of gold just lately hit a 19-month excessive in March 2022 of US$2,058 per ounce and has since dipped to ~US$1,700. This fluctuation has prompted market analysts to say that “gold is completely on sale proper now,” as the present USD index is impacting its spot value.
There are a number of methods to put money into gold, together with commodities and shares in mining corporations. When investing in a mining firm, it’s important to think about the situation of their initiatives. Secure jurisdiction with mining-friendly rules is right. Fraser Institute’s 2021 Annual Survey of Mining Firms named Ontario the twelfth most tasty jurisdiction for funding attractiveness and thirteenth for mineral potential. Moreover, Ontario is the most important producer in Canada of gold, PGEs and nickel. These knowledge provide a degree of confidence in Ontario-based mining operations.
Daring Ventures (TSX.V:BOL) is a Canadian mineral exploration firm specializing in treasured and demanding mineral belongings in Northwestern Ontario. The corporate’s asset portfolio demonstrates its twin concentrate on treasured metals and demanding minerals, to create constant worth with gold and meet the rising demand for battery and demanding metals. Daring Ventures’ initiatives are situated inside three energetic areas all through Ontario: Thunder Bay West, Wawa West and the Ring of Hearth camp situated within the James Bay Lowlands. The Thunder Bay West initiatives comprise gold and copper mineralization, whereas Wawa West and James Bay have belongings with copper, nickel, zinc, silver and PGE mineralization.
The Traxxin gold mission, west of Thunder Bay, has hosted quite a few high-grade gold intersections in drilling. The latest of which intersected 3.6 g/t gold over 12.3 meters. The mission is a three way partnership between Daring Ventures, because the operator, and Lac des Milles First Nation, the place the three way partnership can earn as much as 100% of the property. The corporate’s further belongings embody initiatives identified for gold and for base metals wanted for the rising clear power market.
An skilled staff of explorers and mission managers leads the corporate towards absolutely realizing the potential of its portfolio. The corporate’s management staff has participated in three important world-class discoveries, together with:
- Eagle River Mine: Found in 1987 and has procured over 1 million ounces (Moz) of gold.
- Windfall Lake: Found in 2006 and at present has an indicated 4.1 Moz of gold at 11.4 g/t.
- Ring of Hearth Deposits: Found in 2017 and incorporates a number of important deposits of nickel, cobalt and chromite.
The Daring Ventures groups’ wealth of expertise permits them to amass undervalued belongings and apply refined exploration methods to determine important mineral deposits. Management continues to discover its present belongings because it strikes towards improvement.
Firm Highlights
- Daring Ventures is a Canadian mineral exploration firm centered on exploring and growing its treasured and demanding mineral initiatives in Northern Ontario.
- The corporate owns and operates a number of initiatives all through three key areas of Ontario: Thunder Bay West, James Bay Lowlands-Ring of Hearth and Wawa West.
- The Traxxin gold mission is a notable three way partnership partnership between Lac des Milles First Nation and Daring Ventures, with the companions incomes as much as a 100% possession of the property. Daring Ventures is the operator of the settlement.
- The Koper Lake Undertaking is situated 300 meters from the Ring of Hearth Metals’ (previously Noront after which Wyloo) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a big chromite useful resource and engaging nickel potential.
- Daring Ventures’ administration staff has many years of expertise inside the mining sector. The administration and technical staff have participated in three world-class discoveries and have the precise expertise to information the corporate towards its targets.
Key Tasks
Traxxin Gold Undertaking
The Traxxin gold mission is 130 kilometers west of Thunder Bay and has 154 claims overlaying 2,417 hectares. The mission has wonderful present infrastructure and is road-accessible, reducing down on future improvement prices.
Undertaking Highlights:
- Shut Proximity to Vital Gold Deposit: The mission is 20 kilometers east of Agnico Eagle’s Hammond Reef deposit, which incorporates 5.6 Moz of gold at 0.71 g/t, together with reserves, measured and indicated.
- Promising New and Historic Exploration Outcomes: Daring Ventures just lately accomplished its 2021 drill gap marketing campaign, which indicated 3.6 g/t gold over 12.3 meters. Extra historic outcomes embody:
- Seize samples 1281, 152, 116, 21.1 and three.73 g/t gold
- 5 historic drill holes with larger than 5 g/t gold over varied intervals
- One historic drill gap larger than 37 g/t gold over 1 meter
- Extra Exploration Campaigns Deliberate: The corporate will quickly comply with up on its current drill marketing campaign by additional exploring north, south, east and west to increase identified deposits.
Farwell Copper-Gold Undertaking
The Farwell mission covers 19,200 acres of 113 cells, 18 multi-cells and 6 boundary claims. The asset is situated within the east Lake Superior area of Northeastern Ontario, roughly 55 kilometers northwest of Wawa, and in a confirmed gold camp.
Undertaking Highlights:
- Promising Geological Formations: The asset incorporates gold-bearing quartz veins situated inside an iron formation that stretches alongside the western extensions of a serious deformation zone. Moreover, there’s potential for base metallic volcanogenic large sulphide (VMS) mineralization identified for holding copper, zinc, lead and silver.
- Accomplished Exploration Highlights Future Drill Targets: A just lately accomplished versatile time area electromagnetic (VTEM) survey has recognized a number of anomalous areas for future exploratory drilling.
- Highway-accessible: The asset is accessible by street and connects to highways for future materials transportation.
Burchell Gold and Battery Metals Undertaking
The Burchell asset consists of 188 cells overlaying 4,512 hectares and is situated 105 kilometers west of the port metropolis of Thunder Bay within the south-central portion of Northwestern Ontario. The mission is road-accessible by Trans-Canada Freeway 11.
Undertaking Highlights:
- Situated within the Western Shebandowan Greenstone Belt: The Burchell mission is situated on the outstanding greenstone belt and incorporates copper, gold, silver and molybdenum mineralization.
- Vital Recognized Deposits: One of many asset prospects, Hermia-Lake, extends for two.8 kilometers and incorporates 0.31 p.c to 1.1 p.c copper over 1.30 meters to six.7 meters, based mostly on historic knowledge.
- Shut Proximity to Prolific Gold Property: The Burchell asset is close by Goldshore Sources Inc.’s Moss Lake property, which is at present conducting a 100,000-meter diamond drill marketing campaign.
Wilcorp Gold Undertaking
The Wilcorp gold asset covers 266 hectares and consists of two contiguous properties within the McCaul township, together with 4 patent claims and one mineral declare. The asset is 14 kilometers east of the city of Atikokan, Ontario, and inside the Thunder Bay Mining Division. New drill targets have been recognized for follow-up exploration.
Undertaking Highlights:
- Close to the Traxxin Undertaking: The Wilcorp asset is near the corporate’s Traxxin mission, which suggests it is usually close to Agnico Eagle’s promising Hammond Reef asset.
- Induced Polarization (IP) Surveys and Prospecting: An IP survey outlined a complete of 14 anomalies. Moreover, 62 seize samples had been taken all through the property with values starting from lower than 5 elements per billion (ppb) gold as much as 14,403 ppb gold, which is roughly 14.4 g/t gold. General, 16 samples returned values over 100 ppb gold, with six samples returning over 1,000 ppb gold.
- Vital Historic Work: The asset has pre-existing historic work, together with stripping, trenching and diamond drilling.
Koper Lake Undertaking (Ring of Hearth)
Undertaking Highlights:
- A number of Commodity Streams: The Koper Lake mission has important potential for vital minerals. The property has the potential to develop battery metals, chromite and treasured metals for a number of income streams.
- Inside the Koper Lake Undertaking, the Black Horse Chromite Deposit incorporates a NI 43-101 inferred useful resource of 85.9 MT at a grade of 34.5 p.c Cr2O3 utilizing a cutoff grade of 20 p.c Cr2O3.
- Black Horse Chromite Possession Pursuits:
- Daring 10 p.c carried curiosity, KWG 90 p.c working curiosity.
- Choice to earn as much as: Daring 20 p.c carried curiosity and KWG 80 p.c working curiosity.
- Black Horse Chromite Possession Pursuits:
Daring owns a 40 p.c working curiosity in all metals apart from chromite and has the choice to amass as much as an 80 p.c working curiosity in all different metals discovered inside the claims. The asset contains 1,024 hectares, and is lower than 400 meters from Noront’s Eagle’s Nest nickel- copper large sulphide deposit.
Ring of Hearth Polymetallic Undertaking
The Ring of Hearth asset is a future key mission that can be given additional consideration because the Ring of Hearth regional infrastructure and First Nation agreements are developed.
Undertaking Highlights:
- The Ring of Hearth mission is a grassroots mission that has important potential focusing on vital minerals for exploration.
- Daring carried out a VTEM airborne survey in 2013 that situated quite a few geophysical anomalies which might be potential for vital minerals.
Administration Staff
David Graham – CEO and Director
David Graham has been energetic within the mineral exploration trade for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Company, an industrial minerals and supplies firm with 4 manufacturing services in Canada and the USA. Between 2006 and 2010 he was a director and vice-president of Noront Sources Ltd. Throughout this time the corporate made main discoveries at Windfall Lake in City Twp., Quebec and the Ring of Hearth within the James Bay Lowlands of Ontario. From 2010 till 2017 he was government vice-president of Daring Ventures Inc. at which era, he was appointed president and CEO. Since 1986, Graham has been president of R. Bruce Graham and Associates Ltd., a mineral exploration and pure useful resource consulting agency based in 1956.
Graham has labored extensively in Canada in addition to in the USA, Scandinavia and Africa. His expertise has continuously included working with First Nations and regulatory companies on initiatives that ranged from a grassroots stage to superior improvement.
Robert Suttie – CFO
Robert Suttie has greater than 25 years of expertise, 10 of which had been in public accounting previous to his tenure with the monetary reporting group, Marrelli Assist Companies Inc., the place he at present serves as president. Suttie focuses on administration advisory providers, accounting and the monetary disclosure wants of the group’s publicly traded consumer base. He’s commonly concerned in preliminary public choices, enterprise combos and asset carve-out and spin-out transactions. Suttie additionally serves as chief monetary officer to a variety of junior mining corporations listed on the TSX, TSX Enterprise exchanges, CSE, in addition to non-listed corporations. Suttie leverages his abilities and expertise to change into integral to the reporting issuers.
William Johnstone – Company Secretary
William R. Johnstone is the corporate’s company counsel and is the corporate’s company secretary. Johnstone has been a companion at Gardiner Roberts LLP since February 2005, training within the areas of company and securities legislation. Johnstone is the observe chief of the agency’s securities legislation group. Previous to that, Johnstone was the proprietor of Johnstone & Firm, a boutique company and securities legislation agency, for 12 years. Johnstone has been training legislation for over 28 years. He’s additionally a director and/or officer of six different TSX Enterprise Change listed corporations.
Ian Brodie-Brown – Director & Guide
Ian Brodie-Brown is an trade guide and entrepreneur. Brodi-Brown is a graduate of the College of Toronto and has a few years of expertise arranging enterprise capital for rising corporations, specializing within the mining trade. Brodie-Brown is the previous president and chief government officer of AurCrest Gold Inc., a TSX Enterprise listed junior useful resource exploration firm. Brodie-Brown can be a co-founder and president of Cathay Oil & Fuel, a personal firm with overseas useful resource belongings. He has a powerful understanding of Aboriginal points surrounding in the present day’s mineral trade in Canada, and has efficiently negotiated MOUs and exploration agreements with First Nation teams.
Steve Brunelle – Director
Steve Brunelle is a graduate in geology from Queen’s College with over 35 years’ expertise within the useful resource trade. He’s the chairman and a director of Rio Silver Inc. listed on the TSX Ventures Change. Brunelle was a founder and officer/director of Nook Bay Silver, which found the Alamo Dorado Silver deposit in Mexico and was acquired by Pan American Silver. He was a founder and officer/director of Stingray Copper, which was acquired by Mercator Minerals for the El Pilar Copper deposit in Mexico. He presently sits on the board of a number of useful resource corporations which might be energetic in Canada and Peru.
Jeff Wareham – Director
Jeff Wareham has over 30 years within the monetary providers trade. He’s a former vice-president of two main Canadian brokerage companies. On this position, he was actively concerned within the IPO of the 2012 TSX Enterprise inventory of the yr, and the IPO of the most important income inventory on the TSX-V. He was straight concerned in elevating over $200 million for Canadian corporations. He’s at present CEO of Catch Capital Companions Inc., a personal fairness agency. He’s a previous director of Marquest Asset Administration, an funding fund firm centered on Canadian useful resource investments. He’s additionally a director of Certive Options, a publicly listed US healthcare income cycle firm. He hosted a weekly radio present for a number of years, and performed many small cap funding interviews. Wareham graduated from Western College in 1990, with a level in economics and English. He has earned a number of monetary trade designations. He has been a professor of economics and a visitor speaker on economics and political science at Canadian post-secondary establishments.
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