Strictly: Drilling

[Old Frank P]

** The Next Big Mining Play
Interview by Robert Graham

The Botwood Basin in Newfoundland will be the next big exploration site because of its grab bag of resources and its mining friendly environment says Canaccord Capital Senior Vice President Peter Chandler

ALTIUS MINERALS CP (V.ALS)
MOYDOW MINES INTL INC (T.MOY)
RUBICON MINERALS CP (V.RMX)
SUDBURY CONTACT MINES LTD (T.SUD)

* The Botwood Basin, in Newfoundland, is considered an Offlite Complex; which means that due to significant swings in temperatures, it is geologically speaking, a mixed bag ready to explore.

* It is also a good place to explore, because Newfoundland is generally considered a mining friendly environment, they have a particular easy way of staking mining claims.

* It's called map staking, you pay your money and you stake your claim.

* Companies like Altius minerals, receive validation by acting as a junior for Barrick Gold.

* Barrick has a right to earn a 75% interest in their Botwood Basin project.

* This is a good partnership because it opens the flood gates; you've got a smart junior backed by a big playing senior.

* Other places staking claims in the Botwood Basin are Sudbury Contact Mines, Moydow Mines and Consolidated Abaddon.

* Chandler would not be surprised to see a lot these companies creating joint operations in this region.

* The Botwood basin will become the next prolific gold rush play in Canada.

* The environment has improved and there are a lot of good solid fundamentals, there's going to be a lot of activity in this area of the country.

http://www.investorcanada.com/interview.php?contentID=944