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Hier ein Interview mit dem Wallstreet Reporter: WSR: Could you bring us up to speed on the recent activities at the Peak play? GZD: We formed the company in January of this year and our focus is silver, gold, and base metals in British Columbia and diamonds in Alberta . So far this year on our Peak Project in B.C. we have sent in a team of geologists twice to map and sample. There was some work done on it 30 years ago by a major exploration company and then, because prices of silver and gold went down, they moved on, but it remained a very good project. Our sampling has produced some extremely good results that we put out in a news release on August 16 th . One of the numbers that came back was 211 ounces per ton of silver. We had some numbers of up to 1.9 ounces per ton of gold and 13% copper from other samples. All were grab samples, some from old trenching that we cleaned out and sampled. So where we`re currently sitting at the Peak, is we have applied to the government of British Columbia for the drilling and land use permits. I don`t know if you are aware, but there is a liberal government in B.C. that is very pro mining. We plan to be drilling the Peak property in the spring of 2006. WSR: And if you can bring us up to speed on the balance of the company`s projects and properties. GZD: We have three other silver/gold properties in British Columbia . A team of geologists including our consulting geologist ichael Dufresne and I made a property visit to the Goat property near Stewart, British Columbia, two miles from Hyder, Alaska , on the panhandle. We found some pretty interesting samples and the results should be released in about two weeks. In addition, the Silver Bear property located near Revelstoke, southern British Columbia , will see some sampling before mid-September. We are very excited about the Alberta diamond scene where we have about 4 million prospective acres staked. Alberta hosts many kimberlites, some of which are diamondiferous. They are now being compared to Shore Gold`s Fort a la Corne kimberlites in the province of Saskatchewan . There is a major diamond company doing some work in Alberta as we speak. We have excellent ground! I`ve had some of the ground tied up for more than six years and I believe it has the potential to be a company maker. We are planning some work in Alberta this fall. Our aim is to drill two of our properties in Alberta where diamondiferous kimberlites have already been found. The drill should start up in January 2006. WSR: Give us an idea of the infrastructure in place within these regions. GZD: I`ll give you a little background here. In the Northwest Territories and in Nunavut it is quite expensive to explore because of limited access to infrastructure and supplies. The areas that we`re exploring in Alberta have all experienced oil exploration activity and development; there are roads and power lines. So in Alberta a mine could be put into production with a lower grade and value of ore than they need in the more isolated areas of the country. There is a lot of infrastructure in Alberta . Alberta is very pro-business, pro-mining. The federal government and the provincial government have a program together and they`re doing geological mapping and sampling and it just so happens that they took a bunch of samples in the middle of one of our properties. Those samples came back with some pretty good results that suggest undiscovered kimberlites nearby. WSR: Moving forward here, how important will strategic alliances and potential joint ventures be for this company? GZD: Right now we are an exploration company and we want to add value for our shareholders. What we want to do is get the properties to a value-added stage before we bring in any strategic partners. We have a couple of diamond properties in Alberta that we have a few suitors looking at. We are in the early stages of talking to people about a joint venture on some of our properties. WSR: That is certainly an expansive bit of property. Will the company look to increase its holdings here, potential acquisitions in the near term? GZD: We usually acquire new land by staking. There was a big Alberta diamond play in 1998. It was kind of like a diamond rush. Then everybody rushed off to the territories because they figured there were bigger things there. I stayed in Alberta and I staked most of the good ground. There is still other potential ground in Alberta but there are three main areas that were identified by the Alberta government as being diamond potential areas. Two of them have diamondiferous kimberlites and we have land in both areas. I have staked a lot of the best ground already so I don`t think we`ll be adding too much. There is some stiff competition here, so I don`t want to say too much right now about other places we may be looking. WSR: What can you tell us about the present board and management team in place here at Grizzly? GZD: When we started this company, because I`d been involved with diamonds in Alberta for 18 years, I had the opportunity to hand pick the best of the best for the management and technical team. We have Pamela Strand, president of Shear Minerals Ltd. She had some ground in Alberta in the early days and now she`s doing some excellent work in Nunavut . Brian Elkow, a very successful businessman and a really sharp guy, is helping us on the finance and business side. Douglas Turnbull, who was on the discovery team of Eskay Creek in British Columbia , one of the richest gold and silver mines in the province, is also on the board. Norman Eaton, our CFO has an MBA and takes care of the finances and corporate issues. Michael Dufresne of Apex Geoscience is our consulting geologist and he literally wrote the book on diamonds in Albreta. We`ve got all the bases covered for the management and board. WSR: Do you feel the investment community understands this company and the potential here given the current stock price? GZD: No, I don`t because we have two properties in British Columbia that are potential company makers. Also, the Alberta government has said that the diamond potential of Alberta on a couple of kimberlites is between $1 billion and $75 billion. We have the best of the best staked and we`ve got funding to work, so no, I don`t think it is valued appropriately, it`s trading at 60 cents Canadian right now and I don`t think that reflects its true value. WSR: Is the company making efforts in that regard to get the message out there, to educate the investment community? GZD: Yes we are. I`m going to Europe in early September and we`ll be doing ongoing work to get our message out to the investment community in Europe and in North America . WSR: Very briefly in closing, let`s just recap a bit here: why should investors consider Grizzly Diamonds as a long-term investment opportunity? GZD: We have excellent diamond properties in Alberta and silver and gold properties in British Columbia . The management and technical team that we`ve put together for Grizzly has the ability and track record to add value for shareholders. We have huge potential. We have three or four properties that are potential company makers and we could hit on any one of them with the aggressive programs we have planned for the next year. END |
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| aus der Diskussion: | ► Grizzly Diamonts Ltd. - NEUE ENERGULF ◄ |
| Autor (Datum des Eintrages): | GetTheTop (20.09.05 19:50:52) |
| Beitrag: | 23 von 6,141 (ID:17970296) |
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