Carlyle has formed a strategic partnership with Hunter Dickinson (HDI) affiliate and Robert Dickinson.
The HDI track record spans over 30 years, 19 public and private companies, dozens of mineral properties on six continents, leading to the development and operation of eight mines. Along the way, HDI has raised more than C$1.9 billion in equity financing and has generated significant value for its public company shareholders - far in excess of industry peers and benchmark indices.
HDI and its affiliated companies have formed successful partnerships with many of the world's leading mining and metals companies including:
Rio Tinto plc
Anglo American plc
Anglo American Platinum
Jinchuan Group Ltd.
Sojitz Corporation and
Zijin Mining Group Co. Ltd.
Robert A. Dickinson
Director and Chairman of HDI
2012 - Inductee to the Canadian Mining Hall of Fame 2010 - Charles F. Rand Memorial Gold Medal 2008 - A.O. Dufresne Award 2004 - Entrepreneur Of The Year 2004 Pacific Award Ernst & Young
The Mack Property is located on a overburden covered, alpine plateau 23 km west of the village of Dease Lake, which is on the Stewart-Cassiar Highway some 88 km north of the Red Chris gold-copper mine operated by Newcrest Mining Ltd., and 75 km north of the Saddle North gold-copper discovery on the Tatogga property of GT GOLD.
Based on historical records compiled by UMS, the Mack copper-molybdenum-gold sheeted and stockwork vein deposit target forms a northwest trending zone measuring 1,000 m long and some 600 m wide, which is outlined by a combination of recent soil geochemical and airborne magnetic surveys and historical Induced Polarization (“IP”) chargeability surveys.
Samples from a trench and pits yielded up to 0.13 per cent molybdenum, 0.39 per cent WO3 (or 0.3 per cent tungsten) and up to 1.6 grams per tonne gold.
The 845.64 ha Jake Property is located in the Omineca Mining Division in north-central BC, 160 km north of Smithers.
The Jake deposit target is compelling based on data compiled and reported by UMS featuring a 4,000 m long by 2,000 m wide gossan centred on a northeast trending ridge-line characterized by extensive dyking intruding sedimentary rocks.
Within this altered, gossanous area is a 2,300 m long by 1,000 m wide gold-in-talus geochemical anomaly which indicates the presence of a significant size, epithermal gold system that overlies an associated porphyry copper-gold deposit target as indicated by geochemical and geological surveys.
Soil sampling indicates wide areas contain consistently elevated precious metal values: 5OO-lOOO+ ppb Au and 6.0-24.6 ppm Ag.
Property Option Terms
United Mineral Services Ltd. (“UMS”), a private company affiliated with Hunter Dickinson Inc. (“HDI”) and owned 100% by Robert Dickinson, Chairman of HDI has entered into two separate British Columbia mineral property option agreements with Carlyle for the Mack and Jake properties.
Under the terms of the Mack Option Agreement and the Jake Option Agreement, Carlyle has the right to earn a 50% working interest in the Mack copper-molybdenum-gold and Jake gold properties by completing $400,000 of drilling and other surveys on each property.
Upon completion of the required expenditures, separate 50:50 Joint Ventures will be formed between Carlyle and UMS (or its assigns) in order to continue to advance each asset.
Carlyle and UMS have agreed that HDI affiliated, Amarc Resources Ltd., which has extensive BC exploration experience, will operate the exploration programs.