Friday, April 15, 2011 6:01:45 PM
When two well known patriarchs of the Canadian mining industry were asked to visit Beijing a year and a half ago they didn't know what to expect from their hosts but knew it was a meeting they couldn't afford to miss. Founders of Bema and Eldorado Gold Corporations, Richard Barclay and Michael Beley found themselves in a meeting with a major shareholder of their most recent entry into the sector. The meeting culminated in the creation of a new entity that truly personifies the "East meets west" adage.
CMMC is the offspring of Canada's Hawthorne Gold Corp. and its new parent; a private Beijing based Development Company Skyocean Holding Co. Ltd. Plans call for the creation of a significant mining concern, global in scale and encompassing the acquisition and development of a wide range of precious and base metal projects. The Company which currently trades publicly on the Toronto Venture Exchange (TSX-V "CMV") hopes to meet the necessary requirements and list on the Hong Kong Exchange as soon as possible. The Company believes that its presence in Hong Kong is a very important dynamic to future growth.
The new entity now based in Beijing with Canadian offices located in Vancouver also sees itself opening a branch office in Hong Kong sometime soon. Management expertise has been drawn from both sides with appointments from Beijing, Jian Zhang to Chairman and Dr. Shijia Tang to the position of Chief Executive Officer. From the West, Michael Beley will serve as Director and Executive Advisor to the Chairman and Richard Barclay will serve as Director and Executive Vice President.
The Company plans further development at two gold projects previously held by Hawthorne located in the famous Cassiar Mining Region of British Columbia. The Table Mountain Gold Project is a fully permitted camp with onsite milling capacity of 250 tonnes of ore per day. The Company is moving toward re-opening the mine and bringing gold production on line as soon as feasible. The nearby Taurus Project boasts a one million ounce gold resource that will also be the focus of ongoing development. The door is now open to accept project submissions and a metals trading division will open soon.
In bringing these two worlds together, Chinese wisdom and Western knowledge a new approach to mining has been conceived.
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