HE-5 Resources, Corp. acquired the Montauban property on February 24th 2007 for a consideration of $ 2.5 Million with no smelter return. HE-5
HE-5 has sold its property to IZZA Minerals Inc., for the same considerations of what it was paid for.
Montauban Property Potential based on NI-43-101 Report
The South zone's extracted value represented a total of $ 62,793,743.
The North zone's extracted value represented a total of $ 33,495,900.
The report recommended a specific pin point drilling survey in 3 specific sectors:
1) Batiscan South - $ 966,000 in drilling costs
2) La Traverse - $ 594,000 in drilling costs
3) Lake Laurentide - $440,000 in drilling costs
Financial valuation conclusions:
1) Historical reserve values represent a total of over $96,000,000
2) The geologist recommends spending $2 million on drilling program
Following recent equity financing negotiations, IZZA has concluded a private placement for $1.5 million and is in the process of closing an additional $ 1.5 million in financing.
Conclusion
The immediate proven documented potential of the first phase represents a potential primary asset value of $ 32 million.
The evident signs of ore deposits and the specific geologist recommendations indicate high-grade potential.
Well lets see who's on the list....
Jean Claude Dentinger - UMNG Marcel Roy- I have seen his name on some Uranium claims in the areas where UMNG-HRRN-MRES has claims in GESTIM (very interesting) Mr. Yves Renaud (Charted accountant) - a former Cortellazzi "bras droit" and COHG exec.
Boulanger lawyer...also interesting only 2 listed in Quebec law society, one in Brossard and one in Gatineau.
I have checked and ruled out the Gatineau Claude Boulanger who is on a TSX venture mining company called Tom Exploration Inc (TUM):
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