Timmins & Beardmore - Northern Ontario

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Message: C.NIGEL LEES on Bill Love et al 12/26/05 twst interview (fyi)
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C.NIGEL LEES on Bill Love et al 12/26/05 twst interview (fyi)

posted on Jan 02, 2008 06:10PM
TWST: Introduce us to two or three of the key individuals in your top-
level management team.


Mr. Lees: Bill Love is our CFO, but he is also a geologist. He started
off with a fairly interesting experience. He was on the team that
discovered Hemlo, which is one of the more exciting discovery stories in
Canadian mining history. Bill has been involved in the mining financial
business for many years. He has expertise in both the financial and
geological areas.  I mentioned my own background before in the mining
business. I was also in the financial business, and I'm on the Board of
three other publicly listed mining companies. Patrick Mars is the
Chairman. He was also the Chairman of First Marathon in London, England.
He started his career as a Mining Analyst. He was very much concentrated
on the senior mining companies and is well regarded and well known in
the industry. Beyond that, we have several very competent consulting
geologists in Nevada, based out of Elko, and also in Canada. We have two
or three very experienced consultants who are very familiar with our
Kerrs property. The Kerrs property is near Lake Abitibi, and we have
just completed a drilling program that was previously drilled by
Noranda, where they found a lot of gold mineralization in the drill
holes, although not of commercial grade. In our last drilling program,
we managed to extend the Green Carbonate Zone that they discovered,
increased the grade, and we found a new mafic replacement zone.  We have
extended the area of potential mineralization enormously. There are
great parallels between the kind of ore that we are finding, both the
green carbonate and the mafic replacement ore, and a very famous mine in
Canada called the Kerr Addison Mine, which was in business for about 50
years. It was a very prolific and profitable mine. So we are very
hopeful that we can outline additional resources and further define the
potential deposits in our followup program in 2006.
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