MARKETABLE SECURITIES
(as at September 30, 2009)
Thundermin maintains various shareholdings in thirteen junior resource companies listed on either the TSX or TSX-V. The quoted market value of Thundermin’s marketable securities as at September 30, 2009 was $1,423,605 compared to $924,491 as at December 31, 2008.
QUEENSTON MINING INC.
Thundermin owns 172,700 shares of Queenston Mining Inc. (“Queenston”) (QMI:TSX), a well-financed, junior resource company, which has recently completed a NI 43-101 resource calculation on a new gold-copper discovery on its 100% owned Upper Beaver property in the Kirkland Lake gold camp of Ontario. In addition, Queenston, along with 50% joint venture partner, Kirkland Lake Gold Inc. (“KGI”), is exploring the extension of KGI’s high grade, South Mine Complex gold mineralization on claims held jointly by Queenston and KGI.
To view more information on Queenston visit it’s web site at: www.queenston.ca.
NIOGOLD MINING CORPORATION
Thundermin owns 369,500 shares of Niogold Mining Corporation (“Niogold”) (NOX:TSX-V), which is exploring for gold on a large property position west of Val d’Or, Quebec.
On February 16, 2006, Thundermin granted Niogold an option to acquire a 100% interest in the Gold Hawk gold property. Niogold earned its interest in the property by paying $50,000 in cash, by issuing 400,000 Niogold shares to Thundermin, 30,500 of which shares were sold and by spending $250,000 on the property before February 15, 2009. Thundermin retains a 2% NSR on any production from the property, 1% of which can be repurchased at any time by Niogold for $1,000,000.
To view more information on Niogold visit it’s web site at: www.niogold.com.
KWG RESOURCES INC.
Thundermin owns 367,155 shares of KWG Resources Inc. (“KWG”) (KWG:TSX-V), which is exploring for chromite, copper-zinc and nickel-copper-platinum-palladium massive sulphide deposits and diamonds in the James Bay Lowlands of northern Ontario.
To view more information on KWG visit it’s web site at: www.kwgresources.com.
COGITORE RESOURCES INC.
Thundermin owns 300,000 shares of Cogitore Resources Inc. (“Cogitore”) (WOO: TSX-V), which is exploring for massive copper-zinc sulphide deposits mainly in Quebec.
On May 25, 2005, Thundermin granted Cogitore the option to acquire a 100% interest in Thundermin’s Scott Lake massive base metal property located in Chibougamau, Quebec in consideration of staged payments totaling $285,000 in cash and the issuance of 300,000 shares over a two year period. Among other things, upon reaching commercial production Cogitore is required to make a final cash payment to Thundermin ranging from $1,000,000 to $4,000,000, depending on the size of the deposit discovered, and issue to Thundermin 1,000,000 treasury shares. To date, Cogitore has been successful in discovering additional massive and stringer copper-zinc mineralization on the property.
To view more information on Cogitore visit it’s web site at: www.cogitore.com.
MOUNTAIN BOY MINERALS LTD.
Thundermin owns 250,000 shares of Mountain Boy Minerals Ltd. (“Mountain Boy”) (MTB: TSX-V) which is exploring for copper-gold deposits in the Stewart area of British Columbia.
On April 16, 2007, Thundermin purchased from a third party a 50% interest, to own a 100% interest, in 8 crown grants comprising the Red Cliff – Montrose gold-copper property which is located in the Stewart area of central British Columbia. Consideration for the purchase was $25,000 cash, 30,000 Thundermin shares and a 1% NSR. On May 11, 2007, Thundermin sold a 100% interest in the property to Mountain Boy Minerals Ltd. for $25,000 cash, 250,000 shares and a 1% NSR.
To view more information on Mountain Boy visit it’s web site at: www.mountainboyminerals.com.
ROXMARK MINES LIMITED
Thundermin owns 250,000 shares of Roxmark Mines Limited (“Roxmark”) (RMX: TSX-V) which, along with Premier Gold Mines Ltd., is exploring for gold in the Geraldton gold camp of north-western Ontario.
On July 18, 2008, Thundermin granted an Optionee the option to acquire a 100% interest in Thundermin’s Obalski, Cossette and Ramsey gold properties located in the Chibougamau area of northern Quebec. In consideration of such option, the Optionee paid $25,000 cash and issued 250,000 free trading shares of Roxmark to Thundermin upon signing of the agreement. To maintain the option, the Optionee must pay an additional $25,000 to Thundermin on or before the first anniversary of the agreement, which was paid, and complete $75,000 in exploration on the property on or before the third anniversary of the agreement. Should the Optionee earn a 100% interest in the properties, Thundermin will be entitled to a 1.0% to 1.5% NSR in such properties, 0.5% to 1.0% of which can be purchased from Thundermin by the Optionee at any time for from $500,000 to $1,000,000.
To view more information on Roxmark visit it’s web site at: www.roxmark.com.
APELLA RESOURCES INC.
Thundermin owns 120,100 shares of Apella Resources Inc. (“Apella”) (APA:TSX-V) (formerly Novawest Resources Inc. (“Novawest”), which is currently exploring for vanadium and gold on a large land package in the Chibougamau area of northern Quebec.
To view more information on Apella visit it’s web site at: www.apellaresources.com.
ALEXANDRIA MINERALS CORPORATION
Thundermin owns 75,000 shares of Alexandria Minerals Corporation (“Alexandria”) (AZX-V), which is currently exploring for gold deposits on a large land package in the Val d’Or area of Quebec.
On July 15, 2009, Thundermin completed an agreement of purchase and sale with Alexandria Minerals Corporation (“Alexandria”) with respect to Thundermin’s 49% interest in the Valdora gold property located in Bourlamaque and Louvicourt Townships, Quebec. The purchase price for Thundermin’s interest in the property was 75,000 common shares of Alexandria and 75,000 common share purchase warrants entitling Thundermin to purchase 75,000 common shares of Alexandria for $0.15 per share on or before July 29, 2011. In addition, Thundermin is entitled to a 1.0% NSR on any production from the property, 0.5% of which can be purchased by Alexandria for $200,000 at any time up to 90 days after the approval by Alexandria’s board of a production decision with respect to the property.
To view more information on Alexandria visit it’s web site at: www.azx.ca.
CASCADIA INTERNATIONAL RESOURCES INC.
Thundermin owns 43,300 shares of Cascadia International Resources Inc. (“Cascadia”) (TSX-V), which has interests in nickel-copper-cobalt-platinum-palladium properties in the Thunder Bay area of Ontario.
To view more information on Cascadia visit it’s web site at: www.cascadiaintl.com.
LOUNOR EXPLORATION INC.
Thundermin owns 32,000 shares of Lounor Exploration Inc. (“Lounor”) (LO:TSX-V), which is exploring for gold in the Timmins-Kirkland Lake –Larder Lake area of Ontario.
To view more information on Lounor visit it’s web site at: www.lounor.com.
RUSSET LAKE RESOURCES INC.
Thundermin owns 25,000 shares of Russet Lake Resources Inc. (“Russet Lake”) (an Ontario registered private company).
On September 1, 2008, Thundermin granted Russet Lake the option to acquire Thundermin’s 50% interest in the Blue Quartz gold property located in northern Ontario. In consideration of such option, Russet Lake paid $10,000 cash and issued 25,000 Russet Lake shares to Thundermin upon signing of the agreement. To maintain the option, Russet Lake must make additional cash payments of $30,000 and issue an additional 125,000 shares to Thundermin and complete $500,000 of exploration work on the property in stages over three years. Should Russet Lake earn its interest in the property, Thundermin will retain a 0.5% NSR, 0.25% of which can be purchased from Thundermin at any time by Russet Lake for $250,000.
PRO MINERALS INC.
Thundermin owns 24,020 shares of Pro Minerals Inc. (“Pro Minerals”) (PRM:TSX-V) (a spin-out from Novawest Resources Inc.), which is exploring mainly for gold on its stable of properties in Ontario.
More information on Pro Minerals can be obtained by e-mailing the company at cbc@telus.net.
OPAWICA EXPLORATION INC.
Thundermin owns 1,528 shares of Opawica Explorations Inc. (“Opawica”) (OPW:TSX), which is exploring for gold in the Matachewan area southwest of Kirkland Lake and in the Kenora area of northwestern Ontario.
To view more information on Opawica visit it’s web site at: www.opawica.com.
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