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Junior moves into Côte d’Ivoire / 15
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Raymond James outlines its top-nine picks / 3
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NOVEMBER 7-13, 2016 / VOL. 102 ISSUE 39 / GLOBAL MINING NEWS · SINCE 1915 / $3.99 / WWW.NORTHERNMINER.COM
Brazil-focused Crusader Resources features highprofile board
Premier picks up land from Goldcorp, Kinross EXPLORATION
| Nevada and Mexico show promise
GOLD
| Junior explorer backstopped by Aussie business mogul Copulos, Quantum Fund cofounder Rogers BY TRISH SAYWELL
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tsaywell@northernminer.com
nvestors in North America may not be familiar with Aussie gold junior Crusader Resources, but investors in Australia would have heard of the company’s largest shareholder and non-executive chairman, Stephen Copulos, a wealthy businessman with interests that span everything from manufacturing and property development to food and hospitality. Copulos owns 23.8% of Crusader’s stock and has backed the Brazilfocused junior since its earliest days. “He’s not a mining guy. He’s a businessman. And he owns a variety of hotels and retail and KFC franchises, and a whole lot of things in Australia and the United States ... he is individually wealthy, supportive and becoming more interested in the mining scene,” Robert Smakman, Crusader’s managing director, said during a presentation at the Precious Metals Summit in Beavercreek, Colo., in September. North American investors, however, might be familiar with the company’s non-executive director, Jim Rogers, an Alabama-native, author, financial commentator, adventurer and international investor. Rogers is perhaps best known for cofounding the Quantum Fund, a global-investment partnership that over its first 10 years gained 4,200%, after which Rogers retired at 37 to manage his own portfolio See CRUS"DER / 14
Premier Gold Mines’ 40%-owned South Arturo gold mine in Nevada — a joint-venture with Barrick Gold — which saw its first gold pour in August. PREMIER GOLD MINES BY TRISH SAYWELL tsaywell@northernminer.com
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n an interview in September, Ewan Downie, Premier Gold Mines’ (TSX: PG; US-OTC: PIRGF) president and CEO, said his management team is “always on the lookout for an opportunity,” and that the company has “staffed up internally to assess resources and deposits.” “I’m always one to preach: ‘Don’t think what we’ve got is the best in the world, there could always be something better,’” he told The Northern Miner. “We’re looking to build a growing production base with a target of being viewed as a mid-tier, high-quality, low-cost producer in 2020.” Premier Gold came a step closer to that goal with recent agreements with Goldcorp (TSX: G; NYSE: GG) and Kinross Gold (TSX: K; NYSE: KGC) to acquire gold exploration projects in Nevada and
Mexico, where recent exploration work has identified high-grade gold mineralization that could represent discoveries for the company. At Kinross Gold’s Goldbanks gold-silver project in Nevada’s Carlin trend, 50 km south of Winnemucca, three deep holes have intersected precious metals mineralization at the Golden Devil discovery, returning intercepts of 192.50 grams gold per tonne and 10,850 grams silver per tonne over 1.1 metres and 27.90 grams gold and 17.10 grams silver over 1.1 metres. The high-grade epithermal vein targets at depth are geologically connected to the property’s near-surface Main Zone and KW open-pit deposits (90% oxide and 10% sulphide), which host an inferred resource of 25.7 million tonnes grading 0.7 gram gold per tonne for 556,700 oz. gold. Goldbanks is made up of 875 claims totalling 16,000 acres. At Goldcorp’s Alto-Cristina project in the southwestern part of Mexico’s Chihuahua state, drilling
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AGNICO EAGLE MINES: PROFIT GROWS 44% IN Q3 / 16
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