Interactive Exploration Inc. - Anglo

LOGO
Toll Free: 1.866.488.3838
Phone: 604.669.6807
Fax: 604.669.5715
President & CEO
[email protected]
COMPANY SUMMARY
•
Anglo-Canadian Uranium Corp. and its wholly
owned subsidiary Anglo-Canadian Gold Corp.,
are exploration and development companies
focused on natural resource opportunities in North
America and Africa.
•
With corporate offices based in Vancouver B.C.
Canada, the Company’s executive team
represents a successful track record in the
resource sector and the public market. The
Company’s management team continues to
demonstrate its strengths by involvement in quality
natural resource projects.
Currrent Projects
Gold in south-central British Columbia
™ Stirrup Claim
™ Zeus Claims
™ Skoonka Claim Group
Gold/polymetallic in southern British Columbia
™ Lucky Boy Property
Diamonds in the Otish Mountain area of central Quebec
™ Eastmain Claim Blocks
Gold/Silver in Durango State, Mexico
™ Las Coloradas
Niger Uranium Concession (Pending)
Uranium in Eastern Quebec
™ Charles & Big Mac
Uranium in Utah
™ Locuist Mine and Area #2
Management Team
• Len Harris: President and
CEO
• Robert Card: B.A., Director
• David Hudson: C.A.,
Director
• James Turner: GP.Geo,
Director
Len Harris: President & CEO
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Len Harris is a well-known and highly
respected business entrepreneur who has
founded and/or been involved in the
development of a number of successful
businesses over the years, mostly in the
natural resource sector. In the late 1960's he
started his professional career as a registered
representative with Hemsworth Turton & Co.
where he became an assistant to the head
trader in less than 2 years. From 1972-1989
Len was registered with Jones Gable & Co.
where he rapidly became a top tier producer in
the firm.
Mr. Harris completed the Prospectors Course
conducted by the University of British
Columbia to enhance his knowledge of mining
and geology, and proceeded to specialize in
mining and oil & gas securities. Over the
course of a couple of decades, he sponsored
and acted as fiscal agent for a number of
successful natural resource companies, raising
millions of dollars for numerous exploration
projects.
Robert Card: B.A., Director
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Robert Card is a successful business owner
who has many years of experience in startup companies and financing their
development and growth. He was a
registered representative for investment
firms in Calgary and Vancouver prior to
being a corporate financial consultant for
over 25 years. Most of his management
expertise and experience has been in the
natural resource sector, where he has
helped to raise many millions of dollars for
various exploration and development
projects. Mr. Card has served as an officer
and/or director of several public companies
over the years and currently is the President
and a Director of Jet Gold Corp.
Jim Turner: P.Geo, B.Sc, FGAC
Director
•
Graduated in 1973 from the University of
British Columbia
•
During his career Mr. Turner has worked
in British Columbia, the Northwest
Territories, Baffin Island, Yukon Territory,
Mali, Ghana, Panama, U.S.A and Brazil.
•
He has held positions as Project Geologist
for Newmont; Project Geologist for
Noranda; Project Manager with Terrasat
Geomatics Inc; Computer Geologist for
MineQuest Exploration Associates.
•
Mr. Turner has extensive experience in
exploration for base metals, precious
metals, and diamonds.
David Hudson: C.A., Director
•
David Hudson has been involved with various
public companies as a director or management
for the past 16 years, after working as a
chartered accountant for Clarkson Gordon and
Henfrey & Co. of Vancouver, British Columbia.
Hudson qualified as a chartered accountant
with Peat Marwick Mitchell in Leeds, England
in 1973 and soon after moved to Vancouver to
practice with Touche Ross, where he qualified
in 1979 as a Canadian chartered accountant.
Mr. Hudson has run his own chartered
accountancy practice from 1982 to present.
Advisory Board
• Richard Garnett, Ph.D., MBA, P. Geo
• Roger Laine, Ph.D, P.Geo
• Ian Ward, Finance
• N. Ralph Newson, M.S.c, P. Eng, P
Geo
Richard Garnett, Ph.D., MBA, P. Geo
•
Richard Garnett, Ph.D., MBA, P. Geo. (Consulting
Geologist), has more than 45 years of hands-on
professional experience in several areas of the mining
industry and is very well respected for his many
accomplishments. Richard earned a BSc degree in
mining engineering in 1957 and followed with a PhD in
Economic Geology from the Royal School of Mines
and Imperial College, University of London, England.
Early in his career he was a chief Geologist working
for several mining companies including Geevor Tin
Mines Ltd. (England) and Associated Mines Ltd.
(Malaysia). Richard was a Sr. Mining Engineer for
Patino Mining Corp. ( Quebec) and a Regional
Manager for Rio Tinto Zinc hi South East Asia.
•
Mr. Garnett held various managerial positions for 14
years for Anglo American Corp. of S.A. Ltd. and the
DeBeers Group where he supervised projects in
South Africa and a number of countries all over the
world. In 1987 he was appointed Vice President of
Hudson Bay Mining & Smelting Co. Ltd. Canada. In
1991 Mr. Garnett established his own consulting
company, Valrik Enterprises Inc., and has since
provided a wide range of geological and project
assessment assistance to a number of small as well
as large mining companies. In 1994, Mr. Garnett was
instrumental in discovering the Voisey Bay nickel
cobalt ore body for Diamondfields Resources.
Roger Laine, Ph.D, P.Geo
•
•
Mr. Roger Laine, an experienced geological
engineer with a Ph.D. in geosciences from
the University of Arizona at Tucson. Familiar
with exploration and development,
budgeting and programming,
diamond/reverse circulation drilling,
core/geotechnical logging, geostatistics and
reserve estimating, underground and openpit mines, grade and quality control,
geochemistry, and geophysics. Roger has
international exposure in the Americas, West
& Central Africa, and Europe, combined with
14 years uranium experience with Cogema.
He was VP of exploration for Amok Ltd., a
subsidiary of Cogema, mining uranium
deposits in the Cluff Lake area in the
Athabasca Sandstone Basin, in northern
Saskatchewan.
The addition of Roger Laine to the advisory
board brings valuable experience to the
company in the area of uranium exploration
and development.
Ian Ward
•
Mr. Ian Ward has had much success as an
entrepreneur and business executive in Europe,
China and North America.Through his worldwide
network of financial contacts he will add
considerable value to the Company in financial
matters, fundraising and corporate visibility.
N. Ralph Newson, M.Sc., P.Eng,
P.Geo
•
Mr. N. Ralph Newson has B.S.c and M.Sc.degrees
from Queen’s University in Kingston, Ontario a
professional engineer and a professional
geoscientist in Saskatchewan, and a professional
geoscientist in Manitoba and New Brunswick. He
has over 40 years experience in exploration for
base and precious metals, diamonds, industrial
minerals and uranium, in technical management ,
and senior executive positions. He was in charge of
uranium exploration of the Kitts-Michelin belt of the
Central Labrador Mineral Belt, for Brinex, a Rio
Tinto subsidiary, and also explored for uranium in
Nova Scotia, Quebec, Ontario, the NWT, and the
Athabasca Basin of Saskatchewan. He attended
the NATO Advanced Institute in Prospecting for
Uranium at Imperial College, London. Since 1980,
he has operated a private company offering
consulting and contracting services to the mining
industry. He has been a director of a number of
companies, and is presenting a director of the
Prospectors’ and Developers’ Association of
Canada.
2006 EXPLORATION SEASON
British Columbia, Canada:
Stirrup Gold Claim Group / Zeus Claims
Lucky Boy Gold Claims / Skoonka Claim Group
Quebec, Canada:
Otish Mountain Diamond Claims / Eastmain
Otish Mountain Uranium Claims / Big Mac &
Charles
Utah, USA:
Locuist Uranium Mine & Area #2
Niger, Africa: (Pending)
Ibadanan & Batalene Uranium
Concessions in the Air Sedimentary
Basin of western Niger
Mexico:
Las Coloradas Gold Property / Silver Property
Durango State Mexico
(Anglo-Canadian Gold Corp)
Stirrup Claims
The exploration season will begin in May 2006,
with limited geophysics followed by drilling the
Stirrup Claims that already have gold in place.
In the 2005 exploration season, the Company
drill tested the immediate area of the Chevron
Discovery Hole (#88-5) and was able to
duplicate Chevron's results. Two high-grade
zones were encountered at different levels.
One zone returning 9g/t over 1 meter and the
second zone returned 17 g/t over 1 meter.
The hole also contained many meters of lower
grade to anomalous gold. Two additional
holes were drilled and returned tens of meters
of low grade gold ranging up to 1.4 g/t. The
presence of other elements such as ac
mercury, stibnites and arsenopyrite are
evidence of being high up in the system. In
2006, the company plans to drill deeper holes
in an attempt to raise ore grades. Other areas
of the large claim block will be explored. The
Stirrup Claims were acquired because of their
potential to host a large tonnage, low grade
gold deposit. These claims have similar
geology and are of the same age as the
Round Mountain Deposit in Nevada which has
produced some 10 million ounces of gold.
(Anglo-Canadian Gold Corp)
The upper Stirrup Creek area has produced several
The upper Stirrup
thousand ounces of placer gold.
Creek area has
produced several
thousand ounces of
placer gold.
Zeus & Zeus #1 Claims
The Zeus and Zeus #1 copper/gold claims are located
approximately 40 km NW of Lillooet. The claims are
made up of 20 unit block sand and cover approximately
1000 hectares. They are easily accessed by the allweather bridge river road and then by a 26 km forestry
road.
Work history: Department of Energy and Mines files
indicated the majority of exploration programs were
conducted between 1983 and 1995. These programs
included geochemistry geophysics, mapping, trenching
and diamond drilling. Over 2500 meters of drilling was
completed in 1995. To date, a total of 8959 meters of
drilling in 105 holes has been completed. The principal
view is approximately 2 meters thick and can be traced
for 700 meters. According to the Mine Files, a small
copper/gold resource has been defined as a result of
drilling to date. Potential to expand this resource is
considered good. Geology on the property suggests a
porphyry copper/gold deposit may be the source of the
existing mineralization. This possibility is the main
reason for the acquisition although the auriferous quartz
veining system warrants further work to determine its
potential.
•
Skoonka Creek Claim
Anglo-Canadian Uranium Corp. has acquired an
option to earn a 100-per-cent interest in 96 claims
covering 1,942 hectares known as the Boothanie 12-3 claim and the B4, B5 and B6 claims in the
Skoonka Creek area of British Columbia. The
claims are located about 10 kilometres (km) from
the Trans-Canada Highway and the CNR main line
at Lytton, B.C., approximately three hours drive
heading east from Vancouver. The claims are
easily accessed by secondary roads.
Skoonka Creek is the site of a recent high-grade
discovery on a property jointly owned by Almaden
Minerals and Strongbow Exploration. Strongbow
reported one intersection of 20 grams per tonne
(g/t) over 12.8 metres on its JJ showing. The
company's claims adjoin the Strongbow Skoonka
project. The Strongbow structure continues on to
the newly acquired Boothanie claims and intersects
Skoonka Creek on Anglo-Canadian's property. A
staking rush has ensued and most if not all of this
geological trend has been staked.
The company is well financed to carry out an
exploration program early this year. This program
will begin with intensive prospecting, geochemical
and geophysical surveys, followed by diamond
drilling as warranted.
(Anglo-Canadian Gold Corp)
Lucky Boy Claims
A ground geophysical survey and drill site
preparation will be conducted on the Lucky Boy
Claims. This will upgrade and add to all previous
work programs that have identified extensive
mineralization. This will be followed by drilling
using the Crown Resources model for pattern and
depth.
(Anglo-Canadian Gold Corp)
Las Coloradas
The company has tendered an offer to the
Mexican partner to purchase a larger interest in
the Las Coloradas concession. No work or
production is planned until a decision has been
made.
(Anglo-Canadian Gold Corp)
Otish Mountain Diamonds
In spring 2006, a sampling program will be
conducted on at least two of the companies
claim blocs in the Otish Mountain diamond
camp in Quebec. These claims are well located
in the vicinity of the Ashton Mining discovery.
The purpose of the initial program will be to test
eskers, stream and lake sediments for diamond
indicator minerals. A recent airborne magnetic
survey has delineated numerous magnetic
targets of interest and these targets will also be
sampled.
Otish Mountain
Charles & Big Mac Claims
•
•
•
The Company has acquired a 2100 hectare
uranium property in Otish Basin in Quebec
known as the Big Mac claim, which adjoins
claims owned by Cogema and are partially
covered by an airborne magnetic signature that
also covers most the Cogema claims.
The Otish basin was actively explored for
uranium and thorium by several major
companies during the late 1960s and through
the 1970s. Several uranium-thorium showings
were discovered and staked, but were
subsequently abandoned coincident with
declining uranium prices.
The Otish basin is known to be host for thorium
and uranium anomalies. It has been largely
ignored due to uranium prices and the rich
deposits in Saskatchewan. A work program for
the 2006 exploration season is planned for
both the Big Mac and the previously staked
Charlie claim blocks located in the basin.
Utah, USA
Locuist Uranium Mine
The Company has acquired an option to acquire a 100%
interest in 39 uranium/vanadium claims in San Juan
County, Utah. This purchase represents the first of
several former uranium producers the Company intends
to acquire and evaluate for production. The option covers
two blocks known as the East Canyon Wash area, which
includes the former producing Locuist Mine. The mine
was operated by Atlas Mining Corp, but was shut down
when nuclear energy fell out of favor after the Three Mile
Island incident. The second block of claims is located
adjacent to the operating ‘Jim But Mine’ and contains
good Uranium (U308) sample values, together with
evidence of good vanadium values. The Locuist Mine
was mining 0.25% U308 plus vanadium when mining was
terminated. A uranium/vanadium processing plant is
located near Blanding, approximately 50 miles from the
Locuist property. San Juan County was the source of
83% of the one hundred and eleven million pounds of
U308 produced in Utah up until 1982, together with 60
million pounds of vanadium. The price of U308 has
fluctuated over the years, but has shown a dramatic
increase during the period 2001 to 2005 from US$7.50 to
US$34.00/lb. Due to a worldwide need for alternative
energy sources, a strong demand for U308 is expected to
continue for the foreseeable future. Vanadium has also
increased in value and is currently trading in the
US$20.00/lb range
Niger, Africa Uranium Concessions
URA has applied for two large concessions in the ‘Air’
Sandstone Basin of western Niger. The concessions are
located immediately west of the Cogema operating
Uranium mines. These concessions are approx. 2000 sq.
k/ms each and cover areas of geological favorable ground.
Preliminary approval has been given and final approval of
the application is expected by the end of May.
Top 10 Uranium Producing
Countries
Why should someone invest in
Uranium now?
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•
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China – 40 new nuclear reactors being built and/or in the
planning stages by 2015.
India – 31 new nuclear reactors being built and/or in the
planning stages by 2020.
Russia – Building or planning 25 more reactors by 2020.
They are cutting back exports by 25% to conserve fuel the
plants they will be building.
World Demand will out pace supply by 11% in the coming
decade. A 15 year period of inventory liquidation has
depleted stockpiles.
Supply – World production of uranium oxide (U308)
concentrate in 2001 rose +9.0% to a 10-year high of
47,395 short tons from 43,475 short tons in 2000. The
world’s two largest uranium producers are Canada with
16,270 short tons of production in 2001, representing 34%
of world production, and Australia with 10,035 short tons
of production in 2001, representing 21% of world
production. Smaller producers include Niger (with 8.0% of
world production), Namibia (6.1%), and the US (2.8%).
Clean Energy. Saskatchewan exported 5.0 million
kilograms of uranium to the US. All of this uranium was
dedicated to generating electricity (6.5% of the total US
electricity production) and avoided approximately 230
million tonnes of greenhouse gas emissions.
Important Facts about Uranium.
(See printed copy)
Why should you invest in URA?
• Price – Limited downside risk. Big
upside potential.
• Small Cap – 20.9 million shares issued.
• Management – Aggressive and
experienced.
• Top Technical Advisors
• Getting Positioned in the world’s most
desirable energy commodity.
• Opportunity to participate in an
emerging growth company.
2006 EXPLORATION BUDGET
EXPLORATION
BUDGET
-Stirrup
-Zeus
-Otish
- Skoonka Creek
-Niger
TOTAL EXPLORATION
PROPERTY ACQUISITION
CORPORATE AND TRAVEL
TOTAL
$
200,000
80,000
130,000
200,000
200,000
$ 810,000
200,000
175,000
1085,000
SHARE CAPITAL STRUCTURE
Symbol URA: TSX.V
-Issued and outstanding (Feb 2006)
-Warrants
-Options
PRE
PROPOSED
POST
FINANCING FINANCING FINANCING
20,744,000
2,500,000
23,244,00
3,673,322
1,250,000
4,923,322
1,676,000
1,676,000
FULLY DILUTED
26,093,322
3,750,000
29,843,322
STOCK INFORMATION
•
Symbol: URA TSX-V
•
Exchange: TSX Venture Exchange
•
Shares Issued: 20,744,599
•
Closely Held: 13,500,000
•
Public Float: Approx. 7,000,000
•
Warrants: 3,673,322
•
Options: 1,676,000
•
Fully Diluted: 26,093,322
CONTACT:
Anglo-Canadian Uranium Corp.
The Marine Building
Suite 1150
355 Burrard St.
Vancouver, B.C.
Canada V6C 2G8
Toll Free: 1.866.488.3838
Phone: 604.669.6807
Fax: 604.669.5715
President & CEO
[email protected]
To request additional company
information and materials:
[email protected]
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