Quest Rare Minerals, Orko Silver, REBGold, Timmins Gold to present at One2One Forums
In another event guaranteed to draw crowds, the directors of (TSE:QRM) (AMEX:QRM), (CVE:OK), and () will be set to update investors at the Proactive Investors One2One Investor Forum in Toronto, Canada, on Tuesday May 22.
Presentations at the Ivey ING Direct Leadership Centre located at 130 King Street West will commence at 5:30 pm and will conclude at 7:00 pm. After the presentations, the directors will be available to take questions during a free canapé and wine reception.
Registration is available online at the link below:
Canadian is joining us, and has recently appeared in a feature of the Globe and Mail, which lauded the Canadian miner for appearing closer than most to becoming a major player in heavy rare earths.
Quest says its Strange Lake Deposit in Northern Quebec could supply as much as 10 per cent of global demand for rare earths once it is up and running, and as much as 30 percent of demand for the more pricey heavy rare earths.
The company is currently advancing the Strange Lake and Misery Lake areas of northeastern Quebec. Quest's 2009 exploration led to the discovery of the significant rare earth metal deposit, the B-Zone, on its Strange Lake property.
The B-Zone deposit is one of the largest heavy rare earth resources in the world and is exposed at surface and amenable to a low-cost open pit mine. It has the potential to provide a long-term, stable supply of separated and refined heavy rare earths.
Quest released this week what it called "extremely encouraging" metallurgical test results from its B-Zone deposit, producing a zirconium and rare earth concentrate.
Dundee Capital Markets recently said Strange Lake was one of the top six rare earth projects outside China. The company intends to commission Strange Lake in 2016 with production beginning in 2017.
Our next speaker, Corp, is developing one of the world’s largest primary silver deposits in La Preciosa, located near the city of Durango, in Durango State, Mexico.
Orko last updated that the company is "one step closer" to mining its 100% owned La Preciosa project, after a Preliminary Mineability Assessment (PMA) concluded mining could be done at the site.
Orko said the results of the PMA cover both open pit and underground mining options that were presented in its Preliminary Economic Assessment (PEA) released by the company and its former partner ., in mid-August, 2011.
The August 2011 PEA gave an estimated mineral resource containing 113 million ounces of silver classified as indicated and a further 46 million ounces of silver classified as inferred.
The PEA showed an after-tax net present value of $315 million at a five percent discount rate, and a 24.3 percent internal rate of return. A new independent AMEC-authored PEA is anticipated in August or September.
Finally, we will be joined by , who has recently confirmed a new high grade gold discovery at the Rantasalmi gold property, in Finland. Rantasalmi is a joint venture between REBgold and ().
The company also recently announced plans to issue up to 5 million units to new and existing shareholders, each comprising one common share and one warrant, in order for the proceeds to be used to fund its projects in Finland.
The funds will help expand the drill program at Rantasalmi, where there are numerous targets along strike and down dip from existing resources and other areas of identified mineralization.
The latest drilling continues to increase the potential for Osikonmaki East to become a significant gold deposit.
Every intersection into the new eastern hanging-wall zone has yielded greater than 100 gram metres, displaying potential for both high grade and bulk tonnage mineralization.