|
Telkwa Gold Corporation is a junior mineral exploration
company dedicated to increasing shareholder value by the
direct acquisition or optioning of early stage gold and copper
properties and increasing their value by upgrading the property.
Telkwa uses the most current and innovative exploration
and geological models to direct the application of leading
edge exploration techniques. Notwithstanding, our experience
tells us that we must also use old style prospecting and
basic field work combined with the latest in technology.
The company has recently expanded into Nevada, the third
largest gold region in the world after Africa and Australia.
Nevada accounts for 11% of the world's total gold production,
estimated at $2.2 billion per annum The recent Fraser Institute
review of jurisdictions for mining development rated Nevada
as second in the world for overall investment attractiveness.
Nevada is important to the gold industry for several reasons:
- ranks among the most favorable jurisdictions in the world
to find, develop and operate mines.
- There is a long history of mining, providing a strong
base of mining skills and expertise.
- The infrastructure for mine development in Nevada is
better than any place on the planet.
- Existing milling facilities have unused capacity, meaning
that mines can be brought to production quickly and inexpensively.
- Nevada has one of the richest endowments of gold of any
region in the world.
- Vast areas of the state remain under-explored and new
approaches are leading to big discoveries.
In addition to those benefits enjoyed by the state, geopolitical
trends over the past few years are
leading some companies to favor the United States in general
as a favored place for developing
mines. Mining companies are growing increasingly wary of
investing in areas that may be subject to political upheaval, terrorism, corruption or capricious
application of laws.
Gold mines in the United States also have a built-in currency
hedge. Low bullion prices in the
late 1990’s left large tracts of land open for acquisition
that had previously been long held. There has also been
a decline in exploration expenditures in recent years as
major companies have expanded through the acquisition of
existing operations, not through successful exploration.
Telkwa has noticed that many of the identified prospects,
resources and mines have known high grade 'Feeder' vein
structures (at greatly concentrated grades of 0.5 oz/t
Au vs. 2 -3 g/t Au), that have witnessed little or no exploration
even though the disseminated low grade systems have been
thoroughly drilled.
Telkwa’s management believes an excellent opportunity
now exists to accumulate and develop “Feeder-type” properties
with unexploited potential. These properties will be our
primary target but we will not ignore the classic 'low-grade
bulk-tonnage" potential of any property. Exploration
risk is reduced when properties have multiple-target potential
in the same area and geological environment. This is a benefit
of these types of 'epithermal" deposits that we plan
to target.
Telkwa has been engaged in the exploration
for base and precious metals in the Omineca Mining District,
British Columbia since 1996. Telkwa owns 100% of the Limonite
Creek prospect, a high sulphidation epithermal gold-silver-copper
target with porphyry characteristics located in the Telkwa
Pass, eighty kilometres west-southwest of Smithers.
Management of Telkwa believes that shareholder communications
are an important aspect of running a junior company. We plan
to use this website as a primary method to keep up to date
Information available to the shareholder and investment community.
Emails from investors, shareholders and the investment community
are always welcomed.
|
