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www.terranemetals.com Share Structure Issued and Outstanding 113,198,500 Fully Diluted 411,886,775 Working Capital $24,500,000 Working Capital (fully diluted) $63,000,000 Goldcorp Convertible Pref Shares 240,000,000 Goldcorp Ownership (fully diluted) 58% Options 24,093,000 Warrants 34,955,275 "Welcome Terrane Metals Corp is a Canadian mineral exploration and development company. The cornerstone of our business plan is to develop large-scale mineral deposits with defined resources into operating mines. On July 24, 2006 the Company closed its acquisition of the Mt.Milligan, Berg, Maze Lake and Howard's Pass properties from Goldcorp Canada Ltd. ("GCL" - a wholly-owned subsidiary of Goldcorp Inc.).Two of these projects have development-stage copper and gold-copper resources. Mt. Milligan is at the advanced evaluation and permitting stage and would underpin our goal for rapid near-term growth. All of the projects are in Canada. Terrane has the management team, financial resources and capital markets expertise to unlock the true potential of these assets and maximize shareholder value. Terrane currently trades on the TSX Venture Exchange under the symbol TRX." "President's Letter In July of 2006, Terrane Metals Corp. acquired the Mt. Milligan gold-copper development project. This project, located 10 km south of Mt. Milligan, is the company's key asset, and is envisioned as an open pit copper-gold mine, with a mine life of 15+ years. During the 1990s, previous owners of the project received a mine development certificate and conducted preliminary environmental studies at the Mt. Milligan project site, prior to the downturn in metal prices. Today, metal prices have rebounded and the Canadian Environmental Assessment Act (1992, c.37) and the BC Environmental Assessment Act ([SBC 2002] CHAPTER 43) have come into force. Protecting our environment while building a strong economy is a sustainable development challenge we face every day. This legislation safeguards all of us in the province by ensuring reliable environmental management is exercised throughout construction, mining, processing, and site reclamation activities. At the present time, Terrane is conducting an environmental assessment of the Mt. Milligan project area, using previous environmental data collected in the 1990s, as well as current data for baseline studies. The environmental assessment process has been undertaken to identify potential environmental and social effects of the Mt. Milligan project before construction is carried out. This process provides an opportunity for all interested parties to contribute to an informed decision making process in the context of sustainable development. Terrane is committed to maximizing local hiring, employment, and the procurement of supplies and services in the Mt. Milligan region. We look forward to expanding our positive working relationships within local and First Nations communities, and helping provide a link between a healthy environment and economic viability in the region. For further information on the proposed Mount Milligan project: Gillian Roy Public Relations Manager 1500 - 999 W. Hastings Street Vancouver, BC V6C 2W2 Tel: 604 681-9930 Fax: 604-630 -2090 TOLL FREE: 1-866-681-9930 Email: groy@terranemetals.com" |
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| aus der Diskussion: | Terrane Metals. "production of 221,530 ounces gold +90 million p. copper/ year expected." |
| Autor (Datum des Eintrages): | Popeye82 (01.12.07 02:02:04) |
| Beitrag: | 1 von 40 (ID:32635940) |
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