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Gold Crest Mines, Inc., an exploration stage company, engages in the acquisition, exploration, development, and mining of mineral deposits in Alaska and Idaho. It holds interests in the Southwest Kuskokwim project consisting of Kisa, Gold Lake, Luna, AKO, Gold Creek, Gossan Valley, and Little Swift claim blocks covering approximately 30,520 acres; the Buckstock project comprising HLK, Chilly, XMT, KC, Girl, Boy, and NN claim blocks covering approximately 51,000 acres; and the Kelly Creek project that include 165 mining claims covering approximately 26,400 acres in Alaska. The company also owns interests in approximately 46 unpatented federal mill site claims and 185 unpatented federal lode claims in the Stibnite District covering approximately 3,930 acres in central Idaho. Gold Crest Mines, Inc. was founded in 2005 and is based in Spokane Valley, Washington.
In the Kisaralik Lake area, Kisa Gold Mining has staked 32 state mining claims covering approximately 4520 acres on the Kisa Project block. The claims are located approximately 90 miles east of Bethel and approximately 120 miles southwest of Donlin Creek and 40 miles west of the Shotgun Deposit. Access is via float plane, helicopter or from adjacent dirt unimproved airstrips.
A full 15-person camp, drill rig and ancillary equipment are already on site and the claims are all held in good standing with significant banked assessment work.
The Kisa Breccia Target is located at the intersection of several mapped regional structural zones and distinctive topographic and airborne geophysical linears.
The Golden Dyke Target includes the rocks exposed on and under a prominent northeast trending ridgeline running through the center of the Kisa claim group. The ridge contains numerous silica-carbonate-sulfide altered felsic rhyolite dikes and sills. The swarm is composed of over twenty dikes and sills ranging in thickness from approximately 3-feet to over 30-feet true width.
Samples were collected from dikes and altered sandstones exposed within the prospect area with values as high as 0.18 ounces per ton reported.
The Pirate's Pick Target is located in the northern portion of the Kisa claim group and consists of a large northwest-trending quartz-carbonate-sulfide veined fault zone. The intensely stockwork-veined fault is intermittently exposed over the crest and flanks of a small ridge in an area roughly 200 meters wide x 350 meters long with several hundred meters of exposed vertical extent.
The average of 18 rock chip samples collected from veins within this zone is 1.95 gpt gold. Several drill targets are defined on this prospect.
The Gold Lake Prospect is situated in the southwestern Kuskokwim Mountains, approximately 95 miles east of the village of Bethel and eight miles west of KGMI's Kisa Project. Access to the area is via helicopter or via floatplane. KGMI controls 100% of 44 state mining claims covering approximately 7040 acres.
The main showing, the Gossan Ridge Target, was identified by following up highly anomalous values of Au, As and Sb in silts and Au in pan concentrates in streams draining the prospect area. Follow-up work completed over two field seasons included collection of over 150 grid soils, over 110 rock chip samples and detailed geologic mapping.
A second significant showing, the Golden Alder Target.
This prospect is located several miles to the north of the Gold Lake Prospect along the banks of a small drainage that produced a strong stream sediment response. Several contour soil lines and rock chip sampling were completed over the trace a structural zone exposed in the drainage upstream.
The Luna Prospect is located in the southern Kuskokwim Mountains of southwestern Alaska approximately 90 miles to the southeast of Bethel and 6 miles west of the Kisa Prospect. The multi-million ounce Donlin Creek project is located approximately 120 miles to the north. The project area is accessed by helicopter or by small aircraft capable of landing on a tundra dirt strip.
The AKO Project is located in the southwestern Kuskowkim Mountains approximately 9 miles southwest of KGMI's Kisa Project. The company controls over 7200 acres in 45 state mining claims.
There is a constant and ever growing demand for mineral commodities to be produced and made into a multitude of products to meet society's needs as populations grow and developing nations strive to raise their standards of living. Yet in nature those same commodities that are required for this to occur are found in finite quantities. And, in most areas, exploration and development of the easily recoverable resources has already occurred making competition for the available remaining finite resources stiff. Before a product can be manufactured, its raw materials must be brought to market, but even before that the raw materials must be discovered. Gold Crest Mines believes there is significant investment value in the discovery of commodities that can be brought to market to meet society's ever growing demands. Our current efforts are focused on exploration and development of commodities with high unit value such as gold. The Company is committed to providing superior investment returns to its shareholders by focusing its exploration efforts on high-quality projects, in politically stable areas, using the latest technologies and solid science.
The Company is managed by a team of industry veterans with proven track records in the exploration, development and mining ends of the commodity pipeline. The Company uses in-house expertise along with a team of industry-recognized expert consultants to identify, acquire and evaluate prospects in mining friendly jurisdictions with the potential to host large base or precious metal deposits. Based on their successful track record in acquiring and exploring mining properties, they are well positioned to succeed in the future. The Company's preference is to acquire a 100% interest in properties through initial evaluation and to focus on areas where there is potential for additional discoveries and the development of economically viable ore deposits.
GCMN DD Posts:
Per Yahoo & 10Q:
Authorized Shares (AS) = 500M
Outstanding Shares (OS) = 84.78M
Restricted Shares = 39.59M
Float = 45.19M
GCMN SEC Filings:
GCMN Contact Info:
Gold Crest Mines, Inc.
Washington Mutual Financial Center
601 West Main Avenue Suite 1012
Spokane, WA 99201
United States - Map
Web Site: http://www.goldcrestminesinc.com
Columbia Stock Transfer Company
601 E. Seltice Way
Post Falls, ID 8385
Phone: 208-664-3544 Fax: 208-777-8998
The Directors of Gold Crest Mines, Inc. have successfully founded and managed over 20 publicly traded companies in the mining and natural resource industry sectors. Market capitalization of actively traded companies managed by the groups is currently over $1.5 billion US.
John P. Ryan, President, CEO and Director
Mr. Ryan was appointed as President and CEO of the Company on November 13, 2008. Mr. Ryan has extensive experience with development-stage resource companies. Mr. Ryan has been a Director of the Company since June, 2008. Mr. Ryan was Founder and Chairman of U.S. Silver Corporation (a producing silver company) from June, 2006 until September, 2008. Mr. Ryan was Secretary and Chief Financial Officer of High Plains Uranium, Inc. (a uranium exploration and production company) ("High Plains") from incorporation in February 2005 until September 2006 (High Plains became a reporting issuer in all jurisdictions in Canada in November 2005). He also served from April 2004 to February 2005 as a director (in addition to Secretary and Chief Financial Officer) of High Plains Uranium, Inc. (Idaho), the predecessor to High Plains. During the period of 1996 until 2006, he held various positions with Cadence Resources Corporation, a U.S. public natural resources company, including Vice President of Corporate Development (1996-2005), Secretary (1998-2006) and a director (1997-2005). Mr. Ryan has also been Chief Financial Officer and a director of Trend Mining Company since August 2000. He served as President and a director of Grand Central Silver Mines Inc. from 1998 until 2000 and was a director of Metalline Mining Company from 1996 until 1999. Mr. Ryan attended the University of Idaho where he received a B.S. degree in Mining Engineering, and he also received a Juris Doctor from Boston College. Mr. Ryan is a former U.S. Naval Officer.
Thomas H. Parker, Director
Mr. Parker has been a Director of the Company since March 2007. Mr. Parker served as the Company's President and CEO from March 2007 to November of 2008. Mr. Parker has worked extensively in senior management positions in the mining industry for the past 40 years. From March 2006, until January 2007, Mr. Parker was the Chief Executive Officer and a Director of High Plains Uranium. From 1995 to March 2006, he was the Executive Vice President of Anderson and Schwab, a New York-based consulting firm where his clients included UBS Warburg and Norilsk Nickel. Prior to joining Anderson and Schwab, he was President and Chief Executive Officer of Costain Coal Inc., a large coal company with over 2,000 employees that produced steam and metallurgical coal from January 1992, to September 1994. Earlier in his career, Mr. Parker managed coal mining operations for Arco Coal, Anaconda Minerals, and Kerr McGee, among others. From 1978 to 1981, he was director and project manager for Conoco's uranium joint venture with Cogema and the French government in Niger. Mr. Parker is a mining engineering graduate from the South Dakota School of Mines with a Master's Degree in mineral engineering management from Pennsylvania State University.
Howard M. Crosby, Chairman of the Board, Director
Since 1989, Mr. Crosby has been president of Crosby Enterprises, Inc., a business advisory and public relations firm. Early in his career, Mr. Crosby worked for United Nuclear Corporation. From 1995 through October of 2005 was Chairman and CEO of Cadence Resources Corporation (now Aurora Oil and Gas), a publicly traded oil and gas company. Mr. Crosby was also formerly a director of Western Goldfields (USOTC-WGDF). Mr. Crosby is also an officer and director of White Mountain Titanium Corporation, Dotson Exploration Company and Nevada-Comstock Mining Company (formerly Caledonia Silver-Lead Mines Company), the latter all privately held companies. Mr. Crosby received a B.A. degree from the University of Idaho in 1975. He previously served as the President and is currently Chairman of the Board of Directors of Gold Crest Mines, Inc.
Bobby E. Cooper, Director
Bobby Cooper has over 40 years of diversified mining industry experience from maintenance supervisor and mine manager to President & CEO of Kennecott Corporation a wholly owned subsidiary of RTZ. As Group Mining Executive, worldwide, for RTZ, while posted in London, Mr. Cooper represented Rio Tinto on the Board of Escondida, the world's largest copper mine located in Chile. Prior to being named CEO of Kennecott, Mr. Cooper held the positions of Chief Operating Officer, V.P. Environmental Affairs, V.P. U.S. mines. Prior to joining Kennecott, Mr. Cooper served as President of Thunder Basin Coal Company. Mr. Cooper also worked at Shell Mining Company, Arch Minerals Corporation and Kerr McGee Coal Corporation, Atlantic Richfield, and Inspiration Consolidated Copper. Mr. Cooper currently serves as a director of U.S. Silver and Western Prospector, both TSX listed Companies. Mr. Cooper graduated from Arizona State University with a BA in Business Administration in 1972 and subsequently carried out graduate work in industrial technology and mineral economics. Mr. Cooper has been a Director of Gold Crest Mines, Inc. since 2006.
Terrence J. Dunne, Director
Mr. Dunne is a business consultant, primarily focused on business acquisitions and corporate reorganizations. Mr. Dunne received a degree in Business Administration from Gonzaga University in 1970. He received his Masters Degree in Business Administration in 1975 from Gonzaga University. In addition, he received a Masters Degree in Taxation from Gonzaga University in 1984. Mr. Dunne is a former adjunct professor in the School of Business Administration of Gonzaga University, teaching courses in corporate mergers, acquisitions and reorganizations. He also serves as President and Director of Hanover Gold, Inc. and serves as Chief Financial Officer and Director of Daybreak Oil and Gas, Inc. Mr. Dunne is a Director of Gold Crest Mines, Inc. and currently serves as the Secretary/Treasurer of the company.
Robert W. O'Brien, Director
Mr. O'Brien is an economist and has served as a Director of Gold Crest Mines, Inc. since 2004. He graduated from Gonzaga University with a B.A. in Economics. He has over 45 years experience with private and publicly held companies. He has served as an Owner, CEO, Officer, Director, and Accredited Investor in various categories including: Direct Management, Public and Investor Relations, Reverse Mergers and Acquisitions, Corporate Relations and all the attendant Due Diligence required in these positions. Since July 1996, Mr. O'Brien has owned and operated Spokane Quotation Bureau, LLC, a company that tracks and publishes stock quotations for selected over-the-counter stock trades.
Daniel R. McKinney, Sr., Director
Mr. McKinney joined Gold Crest Mines, Inc. as a Director in April of 2008. Mr. McKinney has been a real estate broker for approximately 30 years. He is a principal and developer of commercial and residential real estate projects in Washington, Idaho and Arizona. Since 1989 he has owned and operated a disability management consulting firm and has worked as a senior consultant specializing in negotiated settlements and forensic testimony on disability related court cases. He received a Bachelor of Arts degree in Psychology from Eastern Washington University in 1973 and a Master of Education Degree from Whitworth University in 1977. Mr. McKinney is a past director and officer of Silver Crest Resources, Inc. and a past director and officer of Hanover Gold/Rock Energy Resources.
Matt Colbert, Chief Financial Officer
Mr. Colbert has been with the Company since August 2007. Mr. Colbert has ten years of experience in public accounting. Most recently, he worked with Idaho General Mines, Inc., now known as General Moly, Inc. a publicly traded molybdenum mineral development, exploration and mining company. From 1999 to 2006 Mr. Colbert Served as Assistant Controller, Controller and finally Chief Financial Officer of a publicly traded company Lifestream Technologies, Inc., a leading supplier of cholesterol monitors. From 1997 to 1999, Mr. Colbert served as a Business Assurance Associate in the audit department of PricewaterhouseCoopers, LLP, an international accounting and consulting firm. Mr. Colbert has a Bachelor of Science degree in Accounting from the University of Idaho and is licensed as a Certified Public Accountant in the State of Washington.