The Interbanc Capital Corp. strategy for investing in junior mineral exploration companies
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rivately owned Interbanc Capital Corp. (“Interbanc”) has substantial investments in multiple private and public companies that hold substantial land holdings in three historically prolific mineral exploration regions in Northern Ontario. This was not an accident. Interbanc deliberately seeks investment opportunities in companies that hold contiguous, underexplored properties that are near or adjacent to properties that have significant proven or historical mineral resources. These companies include Tashota Resources Inc. (“TRI”), Strike Copper Corp. (“SCC”), and Trojan Gold Inc. (“TGI”), now trading under the symbol CSX:TGII.
In the Beardmore-Geraldton Gold Camp (“BGGC”) located
In the Hemlo Gold Camp, Interbanc’s investee companies hold some 34,600 acres that surround Barrick Gold Corporation to south, west and north.
Au and total resources of 11.5 million oz Au. Tombill Mines
It is now well-known that Barrick has recently extended the life of its Williams underground mine and that they have been conducting an extensive drilling program within 1,200 metres of TRI’s Hemlo West property.
past 50 years from 18 mines and the BGGC rates among the
east of Lake Nipigon, 160 to 275 kilometres northeast of Thunder Bay, TRI holds nearly 9,600 acres. This property has a current NI 43-101 deposit containing 260,000 tons at .241oz./Au (68,900 ounces); surface rock grading 8,000 tons at .12 oz./Au (approximately 1,100 ounces); and a drill hole (W13-02), which contains 8.226 g/t Au over 8.70 metres, including 3.90 metres averaging 15.675 g/t Au. TRI’s property is about 60 kilometres from Equinox Gold Corp.’s Hardrock property, which is the site of its Greenstone Project – an open pit mine under development based on its Proven & Probable reserves of 5.5 million oz Limited also has property interests in that area. Given that the area has a history of gold production in the top five gold camps in the Canadian Shield with production of 4.12 million oz. Au of gold and 250,000 oz. Ag, these resources are not surprising.
