That's what I heard recently as well. Many copper mines coming on line from Africa in the next a few years. Their byproduct is cobalt in Africa. I believe in the short term cobalt will do very well, but long term hard to say.
Black Pearl Minerals Consolidated Inc. is a Canadian-based mineral exploration company dedicated to the discovery and development of ore deposits. The Company is currently focused on high grade gold deposits in the Canadian Shield.
Moly / Copper / Gold
Resume of Projects Four Metals polymetallic project http://www.blackpearlminerals.com/s/4Metals.asp Frontier Drilling LLC is in the process of mobilizing its equipment to this property near Nogales, Ariz., and is scheduled to commence a minimum of 5,000 feet of core drilling at the beginning of March, 2007. This drill program will focus on expanding the existing high-grade core of the deposit. Surface and underground drilling by previous operators has returned numerous significant intercepts of copper, molybdenum, silver and gold. The target is the further development of a breccia-type pipe deposit similar to those in the nearby Cananea production district. Molybdenum
The molybdenum grade at 4M is under sampled with only about 10 % of the drill core assayed for both Cu and Mo. Of the 15 drill holes which tested the supergene zone and were assayed for molybdenum the following intervals were recorded Drill From To Interval hole feet feet feet (i) % Cu % Mo UG-1 40 170 130 0.83 0.035 UG-2 0 60 60 0.93 0.048 UG-4 0 181 181 1.84 0.122 UG-5 100 170 70 1.45 0.031 UG-6 80 170 90 1.54 0.027 UG-7 20 150 130 1.77 0.032 UG-8 30 110 80 1.26 0.060 UG-9 0 60 60 1.04 0.036 UG-26 20 150 130 0.09 0.084 hole feet feet feet (i) % Cu % Mo UG-28 70 150 80 0.32 0.049 UG-34 560 620 60 1.32 0.186 UG-36 270 350 80 0.95 0.048 UG-37 220 240 20 1.04 0.058 81-01 760 920 160 0.51 0.035
(i) True widths are estimated to be approximately 80 per cent of reported widths The property hosts a polymetallic deposit with potentially economically viable metals . Mine Reserves Associates (MRA) an independent geological engineering firm in Colorado (1996) estimated, on the basis of extensive drilling and underground development that there are 21.41 million tons grading 0.58% Cu (0.29% Cu cut-off) available in an open pit configuration at a waste to ore ratio of 0.93. A GEMCON designed open pit was included and estimate was based on extensive drilling and underground work. Within this resource there is a supergene enrichment zone with an estimated 7.84 million tons grading 1.20% copper, 0.066% molybdenum, 0.009 oz/ton gold and 0.08 oz/ton silver. These are historical estimates and complies with NI-43-101 policy under the category "Indicated Mineral Resource". These resources have not been verified by a qualified person and therefore should not be relied upon. The Company will undertake a resource calculation compliant with NI 43-101 upon finalization of the option agreement and completion of confirmation drilling. Additional high grade intercepts have been recorded from drilling performed after the MRA resource estimate and the deposit has important molybdenum and gold and silver credits which were not included in the overall 1996 resource estimate BLK management believes there is a high probability to confirm the existing resource and increase the potentially economic tonnage at 4M through drilling on known zones and on nearby exploration targets. The 4m property is located in south central Arizona near past production areas and currently operating mining infrastructure. Ferro/Wekusko gold property www.blackpearlminerals.com/s/Wekusko_Ferro.asp The director of mines, Manitoba, has given approval for the removal and on-site processing of 9,110 tonnes as a bulk sample from the Gold Dust zone on the company's property located 20 kilometres east of Snow Lake, Man. Most of this tonnage will be extracted from an area drilled on close spacing by the company during the winters of 2005 and 2006. Mobilization of equipment has begun. Sourcing of the additional required equipment and personnel, including a 15-man camp, mill facility, blasting and haulage contractors, is in progress for a planned start-up this spring. The company will use the bulk sample test results to provide critical metallurgical and grade continuity information for future development plans on the property.
Drill From To Width hole (m) (m) (m)(i) Au g/t
BP 05-07 40.85 41.8 0.95 18.5 BP 05-09 24.15 25.45 1.3 13.74 BP 05-10 28.4 34.4 6.0 34.76 BP 05-11 5.15 6.1 0.95 55.36 and 27.5 30.3 2.8 4.99 BP 05-12 38.7 40.2 1.5 33.75 BP 05-13 5.75 10.25 4.5 17.4 and 30.35 33.1 2.75 156.28 BP 05-14 8.2 11.6 3.4 20.01 and 40.3 41.9 1.6 6.26 BP 05-21 3.3 8.2 4.9 13.71 BP 05-22 7.1 8 0.9 3.5 BP 05-23 7.4 8.4 1.0 6.87 BP 05-62 12 13.35 1.35 4.678 BP 05-63 15.9 19.4 3.5 6.073 and 22.5 23.35 0.85 16.03 BP 05-65 7 10.1 3.1 4.828 BP 05-66 7.9 8.95 1.05 8.052 BP 05-67 8.45 11.15 2.7 4.976 and 27.3 27.9 0.6 9.94 PDF 12 35.9 37.9 2.0 17.2 and 43.3 45 1.7 12.7 PMEX 23 46.54 51.05 4.51 25.6 PMEX 28 3.41 6.89 3.48 12.8 and 21.15 25.9 4.75 7.1 PMEX 31 22.95 25.08 2.13 26.5 BP 06-33 12.4 17 4.6 22.65 and 21.4 21.7 0.3 40.02
Leo/Gem claims Drilling is in progress on this optioned property located 17 kilometres southwest of Lynn Lake, Man. Several short drill holes will test for a gold zone indicated by surface samples and an anomalous induced polarization trend. Timmins Offsets gold property http://www.blackpearlminerals.com/s/NickelOffsets.asp This 100-per-cent-owned property is located in Tully township about 40 kilometres north-northeast of Timmins, Ont., and is in a geological environment similar to the Hoyle township, Bell Creek, to Hoyle Pond mining operation of Kinross in the Timmins gold camp. The company is in the process of engaging an independent mining engineer to provide order of magnitude capital costs for underground access to the Timmins Offsets gold zone. The objective of an underground program would be to access the upper portions of the gold zone to confirm the geological and structural setting of the gold mineralization, and to confirm continuity of gold mineralization that has been outlined by surface drilling. Drilling by the company and previous operators has totalled 18,777 metres in 74 holes, which returned 29 gold intercepts greater than 10 grams per tonnes over significant widths, including the high-grade intercepts. Drill From To Interval True Grade Grade hole (m) (m) (m) (est.) g/t oz/ton
RobertA.Sibthorpe PresidentandDirector Mr. Sibthorpe has been the President and a director of Black Pearl Minerals Consolidated Inc. from May 1, 2003 to present; Vice-President, Business Development with Ivanhoe Mines from March 2001 to present; President of Magsmouth Research Inc. from May 1996 to February 2001. Prior thereto Mr. Sibthorpe was a mining analyst for several financial institutions from 1980 through 1996.
JamesFairbairn ChiefFinancialOfficerandDirector Chief Financial Officer, Mr. Fairbairn, 46, has over 18 years of experience in the junior mining exploration business. Mr. Fairbairn is currently a self-employed chartered accountant and he also provides consulting services to public companies. Mr. Fairbairn is CFO/Treasurer of a number of companies including Ausnoram Holdings Ltd., Band Ore Resources Corp. and CGX Energy Inc. Mr. Fairbairn is an independent contractor of the Corporation.
AndrewCook Chief Operating Officer
MitchellE.Lavery Director Mr. Lavery, a registered professional Geologist in the Province of Quebec, is a self employed consultant and President of Patriot Exploration Inc. With 30 years experience in all aspects of mining exploration and production he has represented clients across North America, South America, west Africa and western Europe.
PeterT.George Director Mr. George is a consulting geologist and mining executive with over 38 years of international experience in the mining industry. During his career Mr. George has been involved in all aspects of mineral exploration and pre-development projects and has a strong background in mineral exploration, economic geology, resource and reserve estimates, financial evaluations and valuations. Mr. George is currently Senior Vice President Exploration and New Projects for ONTZINC Corporation and previously held senior management and technical positions with major mining companies such as Getty Mines Limited, St. Joe Minerals, and Gulf Resources and Chemical Corporation as well as with a number of junior resource companies.
SheilaPickens Director Ms. Pickens has been a director for 1 year, prior thereto she was a director of MacDonald Mines Exploration Ltd. and Northfield Capital Corporation.
KerryJ.Knoll Director Mr. Knoll has been President of Glencairn since its incorporation in 1987. He was also the co-founder of Wheaton River Minerals Ltd., a company founded by Glencairn, and stayed with that company for 11 years in various capacities, including President. Other accomplishments during his career include terms as the Editor of both The Northern Miner Magazine and the Canadian Mining Journal.
ChrisIrwin Director-LegalCounsel
Mr. Irwin has been an associate of Wildeboer Dellelce LLP since January 2004. From January 2001 to December 2004, he was an associate of Power Budd LLP, Barristers and Solicitors. Prior thereto, from December 1998 to December 2000, he was an associate of Boyle & Company, Barristers and Solicitors. Mr. Irwin received his Bachelor of Arts from Bishop's University in Lennoxville, Quebec in 1990 and his Bachelor of Laws from the University of New Brunswick in Fredericton, New Brunswick in 1994. Mr. Irwin has been a member of the Law Society of Upper Canada since 1996.
Mr. Irwin is a director and/of officer of several public companies including: Southern Star Resources Ltd.; Laramide Resources Ltd.; Columbia Metals Corporation Limited; Airesurf Networks Holdings Inc.; Kinbauri Gold Corp. and Ursa Major Minerals Incorporated.
1 year Chart of Black Pearl
- Top Board of Director including the co-founder of Wheaton River Minerals Ltd (KerryJ.Knoll) and the Vice-President, Business Development of Ivanhoe Mines (RobertA.Sibthorpe) - The company is currently drilling the Four Metal Property (Copper/Moly); - The Company has a non 43-101 compliant super rich open pit resource of 8MM tons grading 1.2% copper with .066% Moly on Four Metal (924,000,000$ in ground value) using 3$ Copper and 25$ Moly; - The company has finished drilling Ferro/Wekusko and waiting for assays; - The company will do a 10,000 ton bulk sample this summer on Ferro/Wekusko(Gold) and will generate cash flow - The company has a market cap of less than 12MM$ - The company has 3 projects with blue sky potential
This profile is a resume of what I found on the company’s web site and news; This is not a recommendation to buy or sell the securities of BLK-TSXV; This document is only for information purposes.
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