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Star Mountain Resources Inc. (SMRS)

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Last Post: 9/13/2016 1:10:11 PM - Followers: 1 - Board type: Free - Posts Today: 0

 

A Golden Opportunity

Star Mountain Resources Inc. is a micro cap mining company focused on the acquisition of mineral properties and their development into producing mines. We believe the business climate is favorable for the low cost acquisition of high value mineral properties and we intend to grow our company primarily through acquisitions.

We are currently engaged in the activities necessary to re-start our Balmat zinc mining operation in St. Lawrence County, New York, recently acquired from HudBay Minerals. The restart will transform our company from a junior explorer to an active producer with a revenue stream in the latter part of 2016.

www.StarMountainResources.com

 

 


Balmat Zinc Mine

Massive sulfide zinc mineralization was first recognized in the Balmat-Edwards district in 1838 and first production began in 1915. Since then, the district has produced in excess of 43 million tons of ore from the Balmat, Edwards, Hyatt, and Pierrepont mine complexes with average grades ranging from 8.6% Zn to 16.4% Zn. The Balmat Mine operated continuously from 1930 – 2003, when production ceased due to depressed zinc metal prices. Production resumed in 2006 to directly address a projected, short term concentrate shortfall at the parent company's smelter. The mine was closed and placed on care and maintenance in the fall of 2008 after the projected smelter need was addressed, in the face of a general economic turndown and resulting fall in zinc prices. The Balmat mine has produced a total of 30.7 million tons grading 8.6% zinc. The mine is fully permitted and in compliance with all current Federal and State mining regulations and is currently on care and maintenance status.

Geology and Mineralization

The Balmat-Edwards district zinc deposits occur in intensely folded, distorted and deformed Proterozoic metasedimentary rocks of the NW Adirondack Lowlands, subjected to high temperature and high pressure metamorphism during the Grenville Orogeny approximately 1.1 billion years ago. The zinc deposits are hosted in the Upper Marble Formation, a sequence of shallow water carbonate units characterized by siliceous, dolomitic, diopside-rich and evaporate-bearing marbles. Zinc orebodies exhibit tabular or pod-like geometries and occupy zones within the hinges and axial regions of folds and faults associated with the Sylvia Lake syncline, a major regional scale structure recognized at Balmat.

The Balmat deposits are classified as SedEx-type, commonly defined as deposits formed from precipitation of metals from brines generated by evaporation and movement of fluids through carbonate and evaporate-rich rocks in marine sedimentary basins. The fluids/brines leach metals as they migrate through the sedimentary pile along regional and local structures and ultimately reach the sea floor where the metals precipitate as lenses and sheets in favorable structural and stratigraphic settings.

Commodity: Zinc

Location: St. Lawrence County, New York, in the historic Balmat-Edwards Mining District

Ownership: Wholly owned by Star Mountain Resources

Permits: Fully permitted and in compliance with all current Federal and State mining regulations

Historical Production: 30.7 M tons grading 8.6% zinc

Mine Plan: 8.5-year with excellent potential to increase life of mine and mining rate

Mining Method: Modern mechanized underground mining using a combination of room and pillar and long hole stoping

Mine: 4000 tons per day hoisting capacity, rubber tired, mobile mining fleet

Mill: 5000 tons per day zinc concentrator, a tailings facility, a concentrate storage area, and rail and truck transportation infrastructure

 

BALMAT INVESTMENT HIGHLIGHTS

  • Permitted mining operation with planned production in 9 to 12 months after securing long-term debt financing.
    8.5-year mineral base with excellent potential to extend mine life
    Numerous mining practice and processing improvements will lower OPEX
    Northern Zinc acquisition adds unparalleled mining experience to SMRS
    Long-term power agreement ensures a 40% reduction in power costs
    Zinc market macro indicators are positive • Excellent local infrastructure

 


Chopar

The Chopar project covers approximately 2000-hectares in the Star Mining district of southern Utah, near the town of Milford. These holdings comprise 116 unpatented mining claims, fee-simple, patented mining claims and mineral leases on State of Utah lands. The Star Mining District is located in the Star Range of southwestern Utah, approximately 200 miles south-southwest of Salt Lake City. The Star Range hosts tilted and faulted, early Paleozoic to middle Mesozoic carbonate and clastic sedimentary rocks with Tertiary intrusive and extrusive rocks. Base metal and silver and gold mineralization is associated with the Tertiary intrusive event and includes vein-fissure type deposits, chimney-manto replacements, skarns and silicified breccia veins and pipes. The Chopar project area and the larger Star Mining District hold significant potential for economic concentrations of skarn and sediment-hosted Au-Ag mineralization. The presence of skarn mineralization in outcrop, in historic mines and in drill core and chips is encouraging. The extent of zones affected by contact metasomatism is potentially large enough to host orebodies of size and grade of interest to junior and major mining concerns.

Southern Utah is a favorable jurisdiction for permitting and operating mines. In particular, the Star Mining District lies near rail and roads with access to national and international goods and products. The climate is mild and amenable to any mining methodology. The normal activist communities associated with Colorado, Arizona and California are substantially underrepresented. The operations of CS Mining, immediately adjacent to the project area are proof that small scale, open pit mining operations may be successfully permitted and operated in Beaver County.

 


Leadership


Joseph Marchal - CEO

Joseph Marchal served as chief executive officer for Asia-Pacific Region of Chi-X Global Inc., a subsidiary of Instinet, LLC, from November 2008 to June 2009, where he was responsible for the Instinet platform expansion in the region. Marchal also served as president and managing director of Asia Region at Instinet, LLC, as well as president of Instinet Japan Ltd. from January 2004 to November 2008, where he had strategic responsibility for Instinet's Asian product. Marchal joined Deutsche Bank Securities from 2002 to 2004, and served as senior managing director of Deutsche Bank Securities, where he was responsible for the distribution of Japanese Equities Global Product. Marchal was also its managing director, and was in charge of sales trading, agency execution, program trading, listed futures, and options and connectivity sales. He served as head of Japanese Equity Sales Trading and Execution Services at Salomon Brothers Japan (now Nikko Citigroup) from 1996 to 2002, and previously held senior positions in Asia at Daiwa Securities International and Fidelity Investments Japan as director of trading from 1983 to 1996. Marchal began his career in 1983 at Maruso Securities as a floor trader on the Tokyo Stock Exchange and has more than 25 years of experience in the securities industry, where he was an active member of the Tokyo brokerage community and a regular participant in industry advisory groups and conference panels. Marchal holds a Bachelor of Science from Sophia University, Japan.

 

Mark Osterberg Ph.D - President/ COO

Mark Osterberg has worked for major gold and base metal mining companies and has over 30 years of experience in the mining business. He has provided high-level technical expertise to projects in the USA and overseas and has managed multiyear exploration and development projects as well. Osterberg has expertise and experience in porphyry copper and molybdenum systems, carlin-type gold systems, shear-zone and volcanic-hosted mesothermal gold systems, magmatic Cu-Ni-PGE and construction materials. His project related experience includes grass-roots, green-fields reconnaissance programs, brownfields exploration and development programs, mine geology and modeling. He has developed innovative mapping techniques for regional and mine scale programs, has excellent computer skills and is an expert GIS for geology practitioner.

 

Donna Moore - CFO

Donna Moore is a business financial professional with over 29 years of hands-on business experience and has held positions as chief financial officer, controller, and secretary/treasurer of both public and private corporations. Her experience includes general accounting, financial reporting, systems implementation and management, treasury functions, and cost accounting. From 2010 to present, Moore has served as chief financial officer for Summit Capital USA, Inc. in Tempe, Arizona. Previously, Moore served as chief financial officer of: eWellness Healthcare Corporation; Elevate, Inc. in San Clemente, California; Voice Assist, Inc. in Lake Forest, California; and Oraco Resources in Tempe, Arizona. Moore has also served as part-time controller for Skye International, Inc. in Scottsdale, Arizona, and controller for Monarch Brass & Copper Corp. in Waterbury, Connecticut. Moore specializes in executing uniform financial controls so as to improve productivity, reduce costs, and maximize profitability. She has a Bachelor of Science in Business Management, and an MBA in finance and accounting from Brigham Young University.

 

Thomas Bidgood, Ph.D - Consulting Geologist

Dr. Thomas Bidgood has worked for major gold and base metal mining companies and has more than 30 years of experience in both the exploration and operations side of the mining business. He has provided high level technical expertise to projects in the U.S. and overseas, and has managed multiyear exploration and development projects. Dr. Bidgood has expertise and experience in porphyry copper and molybdenum systems, volcanogenic massive sulfides, shear-zone and volcanic-hosted mesothermal gold systems and magmatic Cu-Ni-PGE systems. His project related experience includes grass-roots, green-fields reconnaissance programs, brownfields exploration and development programs and geological modeling in support of acquisitions and operations. He has developed innovative cross-training techniques for exploration and mine geologists and is an expert geophysics for geology practitioner. From 2001 to 2011 he was professor and chairman of the Natural Sciences and Math Department for Colorado Christian University in Lakewood, Colorado.

 

John Heinzig - Operations Manager

John Heinzig has been working in a support position with Star Mountain for the past two years as operations manager. Heinzig has a great amount of experience in managing people and operations and has a varied background in both fields. He was a strategic accounts manager in the circuit board industry for eight years, was production manager for Duraflex Products, and spent 13 years in the automotive industry as a service manager, service advisor, parts manager and sales manager. Most recently he was in the position of director of private equity funds at Summit Capital USA. Heinzig brings organization skills and the ability to follow a project to completion. He is tasked with keeping all of Star Mountain's mining claims on track and up-to-date, as well as any other mining requirements that may include procurement, transport, and will be involved at the ground level in all future and current M&A projects.

 


Star Mountain Resources, Inc.
8307 Shaffer Parkway
Suite 102
Littleton, CO 80217
Phone: (844) 443-7677
www.StarMountainResources.com

QualityStocks Investor Relations
3370 N. Hayden Rd. Suite 123-591
Scottsdale, AZ 85251
Phone: (480) 374-1336
www.QualityStocks.net
Editor@QualityStocks.net

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SMRS News: Current Report Filing (8-k) 08/31/2016 06:05:38 AM
SMRS News: Quarterly Report (10-q) 08/12/2016 06:07:09 AM
SMRS News: Current Report Filing (8-k) 07/05/2016 05:32:48 PM
SMRS News: Current Report Filing (8-k) 05/25/2016 04:25:42 PM
SMRS News: Quarterly Report (10-q) 05/16/2016 04:44:22 PM
PostSubject
#72   SMRS Approaching Recommencement of Mining at Balmat Property QualityStocks 09/13/16 01:10:11 PM
#71   Sully Discovery by SMRS Confirms Richness of Balmat QualityStocks 09/06/16 11:27:25 AM
#70   SMRS Reports Results of Evaluation of Exploration Targets QualityStocks 08/30/16 12:33:41 PM
#69   SMRS Positioned Perfectly to Benefit from Global Zinc QualityStocks 08/29/16 03:10:38 PM
#68   Taking Stock of SMRS's Zinc Stocks QualityStocks 08/23/16 08:56:52 AM
#67   SMRS Management is Minding its Mine QualityStocks 08/17/16 01:18:11 PM
#66   SMRS Aiming to Become Active Zinc Producer with QualityStocks 08/09/16 01:36:40 PM
#65   SMRS Strategically Positioned to Capitalize on Global Zinc QualityStocks 08/04/16 08:48:26 AM
#64   SMRS Primed to Capitalize on Rising Zinc Prices QualityStocks 08/02/16 01:08:06 PM
#63   SMRS Making an Active Difference through Honest and QualityStocks 05/31/16 12:02:15 PM
#62   SMRS Primed to Benefit as Goldman Sachs Raises QualityStocks 05/24/16 08:40:11 AM
#61   SMRS is a Golden Opportunity for Investors Following QualityStocks 05/16/16 01:35:20 PM
#60   SMRS Mining Across Borders QualityStocks 05/11/16 12:47:01 PM
#59   SMRS Knows the Importance of Going Green QualityStocks 05/03/16 08:52:52 AM
#58   SMRS Gears Up for a Profitable and Safe Future QualityStocks 04/27/16 01:21:48 PM
#57   SMRS Balmat Zinc stockbullpen 04/22/16 01:40:35 PM
#56   SMRS Well-Positioned To Profit from Projected Zinc Shortage QualityStocks 04/21/16 08:45:49 AM
#55   SMRS: Balmat Mine’s IRR shows Importance of Zinc QualityStocks 04/14/16 02:19:35 PM
#54   SMRS Unearths Golden Mining Opportunities QualityStocks 04/05/16 03:06:38 PM
#53   SMRS Subsidiary Issues Promissory Note to New York QualityStocks 04/05/16 09:41:57 AM
#52   SMRS Takes a Closer Look at Potential “Gold Mines” QualityStocks 03/29/16 08:51:32 AM
#51   SMRS Strengthens Cash Position as Zinc Prices Continue QualityStocks 03/23/16 11:41:51 AM
#50   SMRS: Gold has a Shimmering Start in 2016 QualityStocks 03/22/16 08:45:26 AM
#49   SMRS Principled in Workplace Safety and Environmental Protection QualityStocks 03/15/16 03:06:24 PM
#48   SMRS had 20/20 Foresight in Last Year’s Now-Profitable Acquisition QualityStocks 03/07/16 03:51:04 PM
#47   SMRS Expects Significant Revenue from Balmat Mine QualityStocks 03/01/16 01:19:37 PM
#46   SMRS Stands to Reap the Rewards of Last QualityStocks 02/24/16 09:36:22 AM
#45   SMRS Building Growth-Based Foundation Ahead of Rallying Zinc Prices QualityStocks 02/17/16 08:54:17 AM
#44   Goldman Sachs Zinc Forecast Could Put SMRS on QualityStocks 02/09/16 10:29:11 AM
#43   SMRS Good zinc read stockbullpen 02/05/16 01:29:39 PM
#42   SMRS Encouraged Following Review of Industry Guide 7 QualityStocks 02/03/16 10:11:16 AM
#41   SMRS Advances from Exploration to Production with Acquisition QualityStocks 02/01/16 03:02:20 PM
#40   SMRS Industry Guide 7 report first 2.5 years stockbullpen 02/01/16 10:48:48 AM
#39   SMRS Adheres to Three-Tiered Responsibility Platform for Continued Success QualityStocks 01/27/16 03:33:51 PM
#38   Zinc Futures Signal a Bright Future for SMRS QualityStocks 01/25/16 04:16:10 PM
#37   30 is an Atomic Number for SMRS QualityStocks 01/22/16 10:25:37 AM
#36   http://www.e-mj.com/news/us-a-canada/5769-star-mountain-acquiring-hudbay-s-balma stockbullpen 12/18/15 12:08:50 PM
#35   SMRS Prepares to Begin Hiring Process for Newly-Acquired QualityStocks 12/03/15 10:15:16 AM
#34   SMRS stockbullpen 12/02/15 10:51:49 AM
#33   http://biz.yahoo.com/e/151125/smrs8-k.html stockbullpen 11/25/15 11:06:17 AM
#32   http://www.wwnytv.com/news/local/In-Fowler-Relief-At-News-Zinc-Mine-May-Re-open- stockbullpen 11/20/15 01:36:16 PM
#31   SMRS Approaching Mineral Production following Completion of Balmat QualityStocks 11/05/15 09:09:11 AM
#30   SMRS Star Mountain Resources, Inc. to Acquire Balmat Zinc stockbullpen 11/02/15 02:16:34 PM
#29   SMRS to Acquire Balmat Zinc Mine, Accelerate Transformation QualityStocks 10/15/15 02:15:54 PM
#28   SMRS Pursues Acquisition Opportunities in North American Mining Sector QualityStocks 08/18/15 10:20:58 AM
#27   Jameson Stanford Resources Corp., JMSN, changed to Star Renee 12/12/14 06:14:12 PM
#26   JMSN: failure to comply with Finra 6530 (ie., Renee 06/23/14 05:14:48 PM
#25   JMSN Takes Long-Term Approach to the Business MissionIR 01/27/14 05:01:35 PM
#24   JMSN Leverages Strong Management Experience for Rock-solid Gains MissionIR 01/21/14 06:00:07 PM
#23   JMSN – Natural Resource Riches MissionIR 01/13/14 02:20:41 PM
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