Can you describe your company and say what it does?
Aldrin Resource Corporation (TSX: V.ALN, Stock Forum) is a Canadian-based mineral exploration company trading on the TSX Venture Exchange. The company is focused on the development and exploration of strategic gold properties located in Canada's rapidly developing Yukon Territory and in the state of Nevada, USA.
What distinguishes your company from others in your space?
Aldrin Resources has an extensive work program underway on three properties in the Yukon Territory. Our IND Property is our main focus in the Yukon this summer with our high grade trenching results from the 2010 season returning values of 12.46 grams per tonne gold. Aldrin also recently acquired three exploration properties in Nevada, USA to have active exploration pursued on a year round basis.
Can you explain why you have chosen to work in the Yukon Territory?
-Yukon is mining friendly
-Placer mining history: Over 13 million ounces of gold mined since 1896
-2008/2009- “The White Gold discovery is the first significant hard rock gold discovery in the Klondike in over 100 years.
-Key person is Shawn Ryan:
*Staked the land for the White Gold District
*His soil sampling programme instrumental in the discovery
*All of Aldrin’s projects sourced from Shawn Ryan
*Awarded 2009 Yukon and B.C. Prospector of the year
What are your flagship projects?
Aldrin Resource currently has three drill-ready Yukon projects. The Keystone Property located in the Mayo Mining District, the IND Property located in the Dawson Mining District and the Brew Property located in the White Gold District. Aldrin also acquired a 100-per-cent interest in three gold exploration properties located within the Walker Lane alignment in west-central Nevada.
How much cash do you have on hand?
Our most recent quarterly financial statements reported our cash position of $3.4 million at February 28, 2011. Aldrin’s last financing closed March 31, 2010, for a $7 million non-brokered private placement.
Who are the key players on your management team and what experience do they bring to the table?
Johnathan More, President& CEO
Experienced in North American and European markets focused on natural resource industries. Previously VP and Senior Investment Advisor with Canaccord Capital.
Bert Jeffries, P.Geo, Director & VP of Exploration & Development
More than 30 years experience in exploration and project construction management. Mine-construction management with Barrick Gold, Western Goldfields, Kinross Gold; project manager for gold mines in Chile, Argentina, and Peru.
Cyrus Driver, CFO& Director
Senior Partner and Chartered accountant with Davidson & Company LLP. Over 30 years experience in advising TSX Venture Exchange-listed companies.
Rob Dardi, Director
Senior B.C. lawyer specializing in securities law, corporate governance, financing mergers and acquisitions. Previously with TELUS Corporation, McCarthy Tetrault, First City Financial and the Jim Pattison Group.
Robert Stroshein, Director
Mr. Stroshein is a registered Professional Engineer with over 35 years experience in exploration, mine development and mining in Western Canada, primarily in the Yukon Territory. His work history includes exploration and development projects for Hudson Bay Mining and Smelting Company Limited, Placer Dome Exploration Limited and YGC Resources Ltd.
Who are the major shareholders of Aldrin Resource?
Management owns approximately 30-35 percent. Libra fund also owns about two million shares.
What is your company’s current share structure?
Shares Issued & Outstanding: 40,050,000
Options Outstanding: 3,210,000
Warrants Outstanding: 7,397,096
Shares Fully Diluted: 50,657,096
Disclosure: Aldrin Resource is a Stockhouse client