Arizona Eagle Mining Corp
Promotional Strapline: Mineral exploration and development of copper and gold deposits in mining-friendly Yavapai County, Arizona
Stage of Development: Development, Exploration
Primary Minerals: Copper, Gold
Country / Region: United States
Corporate Presentation: Go to presentation
Website: Arizona Eagle Mining Corp
Arizona Eagle Mining ("AEM") owns 100% of the Eagle Project in Yavapai County. The Eagle Project is made up of 225 acres of patented (private) land and 3,350 acres of unpatented Bureau of Land Management (BLM) claims. At the centre of the Eagle Project is the past-producing McCabe Mine, located on patented land, which has a historic resource estimate of 878,000 ounces of gold at a grade of 11.7 g/t, as well as 5 million ounces of silver at a grade of 69 g/t*. The McCabe deposit was last in production in 1987 and is open for expansion at depth and on strike. Surface sampling and helicopter VTEM completed by AEM has identified at least 12 parallel mineralized structures which have not been drill tested.
The historical estimates for the McCabe Deposit predates and is unclassified and not compliant with NI 43-101 guidelines. Significant data compilation, re-drilling, re-sampling and data verification may be required by a Qualified Person before the historic resource can be verified and upgraded to be compliant with current NI 43-101 standards. The Company’s QP has not yet undertaken sufficient work to classify the historic estimate as a current resource and the Company is not treating the historic estimate as a current resource.
Management Profile:
Kevin Reid - President and CEO
Mr. Reid has a BSc. Honours in Geological Sciences from Queen’s University, Kingston, and an MBA in Finance from the Schulich School of Business, Toronto. Mr. Reid has over 20 years of capital markets experience, beginning in the Equity Research department at CIBC World Markets in 2002, and then at both GMP Securities and Maxit Capital as a Managing Partner in the Investment Banking departments. Mr. Reid has acted as the lead advisor on numerous equity, debt and merger and acquisition transactions.
Sung Min (Eric) Myung - Chief Financial Officer
Senior Financial Analyst at Marrelli Support Services Inc. Previously worked at public accounting firms for 7 years. Canadian Professional Accountant designation.Master of Accounting degree from University of Waterloo
Clyde Smith - Vice President of Exploration
Clyde is a veteran exploration geologist with a career that spans over 40 years. He has four deposit discoveries to his credit. In 1974 he founded the Ogilvie Joint Venture, funded by Rio Tinto, Mitsubishi Metals, and Ventures West Capital, and discovered the Jason lead-zinc- silver deposit in Yukon Territory, Canada. Jason was sold to HudBay Minerals. As co- founder of Ventures West Minerals and VP of Exploration for Westley Mines Ltd., Clyde discovered the Santa Fe gold deposit, the first discovery of a significant sediment-hosted Carlin-type gold deposit in western Nevada. The deposit contained more than 400,000 ounces gold, and was sold to Corona Corporation, which began production in 1988 at 65,000 ounces gold per year.
