TRM The Gold ReportRW: Most are companies that are defining and expanding their significant resources, and many are in past-producing camps. These include
Carlisle Goldfields Ltd. (CNSX:CGJ),
Clifton Star Resources Inc. (TSX.V:CFO),
Trueclaim Exploration Inc. (TSX.V:TRM; OTCQX:TRMNF),
Visible Gold Mines Inc. (TSX.V:VGD),
Golden Hope Mines Ltd. (TSX.V:GNH) and
Trade Winds Ventures Inc. (TSX.V:TWD).
TGR: Can you give us a little background information on these companies?
RW: Let's start with Trueclaim Exploration, which is a company I've been working with closely since our first investment in it several years ago. The company has a team with a strong mining and development background that can put a mine into production and has done it many times in the past. This experience is bringing in new projects wherein the vendors also want to work with a group that will do what they say and get it done. We expect continued good results from Trueclaim's key Canadian gold project, the Scadding Gold Mine, just outside of Sudbury, which was a small past producer where it is drilling and expanding the historic resource. Trueclaim also is working on a silver exploration project just outside of Globe, Arizona, which is a known large copper-producing region. We expect to see continued drilling results and expansion of these assets.
TGR: When do you expect to see production or major milestones in its exploration work?
RW: In 2011, Trueclaim is focusing on the Scadding Gold Mine to define a resource of several hundred thousand ounces; so, I think that's one of the milestones. In Arizona, it is a very historic silver camp that probably hasn't been worked for over a century. So, we're going to see some drilling, and then confirmation that there's mineralization in the ground, which could be quite interesting in this super-high silver price market right now. The company is also on the lookout for an asset it can take into production even faster; so, you might see some action in the way of a corporate transaction.