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The Company, through its wholly owned subsidiary, Goldplata Resources Limited, is currently engaged in the investment in exploration of mineral resource properties in Colombia. [Source: company December 2010 MD&A Filing]
The Sunward Resources Ltd. website is at www.sunwardresources.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts | Canadian Insider Trading
Electrum Strategic Acquisitions is acquiring a minimum of 18.15M units (1 share + 1 warrant with an exercise price of C$1.65) to 36.15M units at a purchase price of C$1.35. [Source: December 15, 2010 news release]
On January 2, 2009, Electrum Strategic Resources purchased 46.15M units (1 share + 1 warrant with an exercise price of US$1.50) in NovaGold [Source: January 2, 2009 news release]. The January 4, 2011 closing price on NovaGold was C$13.37.
I believe that Electrum Strategic Acquisitions and Electrum Strategic Resources are both part of the privately-held Electrum Group of Companies. Thomas Kaplan is a key players behind the Electrum Group. The Electrum Group appears to have been involved in 3 major gold deposit investments in recent years: NovaGold in 2009, Gabriel Resources and Sunward Resources in 2010. [Source: Wikipedia entry for Thomas Kaplan, viewed online January 2011]
Other investments made by Electrum Strategy Metals and research links includes:
TintinaGold Announces CDN$5,000,000 Financing by Electrum Strategic Metals LLC, January 28, 2010. [Source: January 28, 2010 news release]
Electrum Strategic Resources, Heinrick Boll Stiflung summary on Electrum activities.
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-12-13.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2013-05-23 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$85.55 |
| Average Ore Value per Tonne | US$29.47 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 177.65 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 30% |
| Percentage In Situ Inferred Resource | 70% |
| Metric | Value on 2013-05-23 |
|---|---|
| Gold Reserves + Resources | 8.29 M oz |
| Average Gold Ore Grade | 0.5 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 10.91 M oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.971426 US$
Note 2: Fully diluted share count based on the September, 2011 financials plus the outstanding share count reduction as a result of the Dec13/11 announced disposition of La Muriel.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Copper | ||
|---|---|---|---|---|
| Total Counts (reserves + resources) | 8.29 M oz | 504.19 K t | ||
| Metal Prices in US$ (from 2013-05-23) | $1,392.90 / oz | $3.29 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $64.99 | $20.56 | ||
| Percentage of Total Metal Value | 75.96% | 24.04% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 27% | 42% | ||
| Metal Value Percentage Inferred | 73% | 58% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Copper | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|
| Titiribi | Titiribi, Columbia | $85.55 ( 100.0% ) | US$29.47 | 8.29 M oz | 504.19 K t | 0 | 30% | 70% |
| Mande Norte (Murindo) | Antioquia, Columbia | $0.00 ( 0.0% ) | 0 | 0 | 0 |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
"Murindo is one of the most significant copper-gold exploration prospects in the world," said Philip O'Neill, Sunward's Chief Executive Officer. The Murindo project encompasses 16,000 hectares straddling the border between Antioquia and Choco Departments in northern Colombia. The prospect is characterized by porphyry-style copper-gold mineralization at surface. [Source: Sunward Revises Terms of Murindo Project Acquisition, Februry 23, 2011 news release]
Rio Tinto will have the option (subject to approval of agreements) to acquire a seventy percent (70%) interest in the Murindo (Mande Norte) Project on payment to La Muriel of US$60 million in cash. La Muriel may elect to require Rio Tinto to increase its interest to eighty percent (80%) by requiring Rio Tinto to fund the next US$15 million in project costs, and it may further elect to require Rio Tinto to acquire the remaining 20% interest for US$20 million in cash. If Rio Tinto does not exercise its option to acquire a 70% interest, it will retain a 1.7% net smelter royalty in the Project in consideration for the US$3.83 million it has previously paid in respect to the Murindo Project. [Source: Murindo Project Update, November 23, 2010 news release]
Latest NI43-101 Report: Mandé Norte (Murindo) Prospect
Choco and Antioquia Departments, Colombia
2011-04-18 (128 pages).
Project Location: Antioquia, Columbia.
The Titiribi project covers 3,950 hectares near the town of Titiribi, 70 kilometres by paved road southwest of Medellin, Colombia. There have been 31 porphyry targets identified on the Titiribi project from geophysics, geochem surveys, and Landsat. [Source: Sunward Resource Titribi Project webpage]
Sunward owns 100% of the Titiribi Project, free of royalties (apart from normal state royalties in Columbia). [Source: September 23, 2010 news release]
In October 2010, the company announced drilling on the La Candela gold target on the Titiribi project would begin in November or early December 2010. [Source: October 26, 2010 news release]
Quoting from the press release, Sunward Intersects 263.1 Meters of 0.86 g/t Gold and 0.33% Copper at The Titiribi Project, August 10, 2010:
Over 22,000 metres of drilling have been completed at Titiribi to date, including approximately 14,600 metres completed historically by previous operators including Gold Fields and Windy Knob Resources, along with 8,100 metres completed by Sunward Resources. The mineralized body at Cerro Vetas remains open in all directions and at depth. Sunward Resources currently has four drill rigs working at the Titiribi project.
The Cerro Vetas zone that hosts the NI 43-101 resource at the Titiribi project is just one of several anomalies across the property, defined by geophysics, soil geochemistry and Landsat imaging. The Company completed soil sampling and multi-element analysis across the southern portions of its Titiribi licenses, targeting these zones. This work identified two new anomalies that are prospective for porphyry-style mineralization, which have been named La Junta and La Rosa. This brings the number of prospective anomalies identified on the Titiribi project to seven. [Source: December 2010 MD&A]
The Company has completed a geological reinterpretation of the La Candela zone of the Titiribi property. La Candela is a zone of high magnetic response roughly coincident with a gold-in-soil anomaly, approximately four times larger in aerial extent than the anomaly associated with the existing Cerro Vetas resource envelope. Drilling of the La Candela anomaly began in February 2011. Drilling also commenced during February 2011 on the Porvenir anomaly, located south of the Cerro Vetas zone. [Source: December 2010 MD&A]
Latest NI43-101 Report: Amended
Independent Resource Report
Cerro Vetas Prospect
Titiribi Project
Antioquia, Colombia
2010-05-19 (89 pages).
Updates: Titiribi Reserves and Resources webpage (viewed December, 2011).
Project Location: Titiribi, Columbia.
Average Ore Value (all estimate types): US$29.47
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $17.30 | 2.21 M oz | 0.480 g/t | 142.94 M t |
| Copper | $8.62 | 211.40 K t | 1,479.000 g/t | 142.94 M t |
Estimate notes:
0.3 g/t Au cut-off.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $32.00 | 4.08 M oz | 0.467 g/t | 271.80 M t |
| Copper | $11.34 | 278.05 K t | 1,023.000 g/t | 271.80 M t |
Estimate notes: Cerro Vetas
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $15.70 | 2.00 M oz | 0.617 g/t | 100.92 M t |
| Copper | $0.60 | 14.73 K t | 146.000 g/t | 100.92 M t |
Estimate notes: Chisperos-Virgen