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Marketable Securities
As at December 31, 2011
Thundermin maintains various shareholdings in fourteen junior resource
companies listed on either the TSX or TSX-V. The quoted market value of
Thundermin’s marketable securities as at December 31, 2011 was $656,397
compared to $1,191,983 as at December 31, 2010.
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1) Queenston Mining Inc.
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Thundermin owns 82,700 shares of Queenston Mining Inc. (“Queenston”)
(QMI:TSX), a well-financed, junior resource company, which has recently
completed a positive Preliminary Economic Assessment on its 100% owned Upper Beaver gold-copper property in the Kirkland Lake
gold camp of Ontario.
To view more information on Queenston visit it’s website at:
www.queenston.ca.
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2) NIOGOLD Mining Corporation
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Thundermin owns 200,000 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 and by
spending $250,000 on the property before February 15, 2009. Thundermin
retains a 2% NSR on any production from the property, 50% of which can be
repurchased at any time by Niogold for $1,000,000.
To view more information on Niogold visit it’s website at:
www.niogold.com.
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3) KWG Resources Inc. |
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Thundermin owns 367,155 shares of KWG Resources Inc. (“KWG”)
(KWG:TSX-V), which is exploring for chrome, copper-zinc,
nickel-copper-platinum-palladium and diamond deposits in the James Bay
Lowlands of northern Ontario. KWG (26.5%) and Cliffs Natural Resources
(73.5%) own the Big Daddy chromite deposit.
To view more information on KWG visit it’s website at:
www.kwgresources.com.
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4) Cogitore Resources Inc. |
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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. On June 15, 2011,
Cogitore announced an updated NI 43-101
mineral resrouce estimate for the
property of 5.3 million t grading 1.1%
Cu, 4.7% Zn, 0.3 g/t Au and 35.0 g/t Ag.
To view more information on Cogitore visit it’s website at:
www.cogitore.com.
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5) Mountain Boy Minerals Ltd. |
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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 website at:
www.mountainboyminerals.com.
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6) Apella Resources Inc. |
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Thundermin owns 120,100 shares of Apella Resources Inc. (“Apella”)
(APA:TSX-V) (formerly Novawest Resources Inc., which is currently
exploring for vanadium-titanium and gold deposits on a large land
package in the Chibougamau area of northern Quebec.
To view more information on Apella visit it’s website at:
www.apellaresources.com.
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7) Alexandria Minerals Corporation |
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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, which warrents were allowed to expire. In addition, Thundermin is entitled to
a 1.0% NSR on any production from the property, 50% 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 website at:
www.azx.ca. |
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8) Premier Gold Mines Ltd. |
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Thundermin owns 10,666 shares of
Premier Gold Mines Ltd. (“Premier”)
(PG: TSX) (formerly 66,666 shares of Goldstone Resources Inc.)
which 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 Mines Limited (now 10,666 shares of
Premier)
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. The Optionee has been granted an extension until December 31,
2012 to complete $75,000 in exploration
on the property. Thundermin received a
payment of $10,000 for such extension. 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,
50% to 66% 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 Premier visit it’s website at:
www.premiergoldmines.com.
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9) Cascadia International Resources Inc.
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Thundermin owns 43,300 shares of Cascadia International Resources Inc.
(“Cascadia”) (CCR: 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 website at:
www.cascadiaintl.com.
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10) Red Mile Minerals Corp. |
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Thundermin owns 75,000 shares of Red Mile Minerals Corp. (“Red Mile”)
(RDM: TSX-V).
On September 1, 2008, Thundermin granted Russet Lake Resources Inc.
("Russet Lake”), a private Ontario corporation, 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 had to 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. On July 29, 2009, Thundermin
entered into an Option Assignment
Consent Agreement wherein Red Mile
Minerals Corp. (“Red Mile”), an Alberta
corporation, acquired the rights of
Russet Lake in the Blue Quartz property
as a Qualifying Transaction prior to
listing on the Toronto Stock Exchange
(“TSX-V”). All Russet Lake shares
received or due under the agreement were
replaced with Red Mile shares on a one
for one basis. Red Mile has met all of
its commitments under the agreement and
has earned its interest in the property, Thundermin
retains a 0.5% NSR therein, 50% of which can be purchased from Thundermin at any time by Red Mile for $250,000.
To view more information on Red Mile visit it’s website at
www.redmileminerals.com.
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11) Lounor Exploration Inc. |
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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 website at:
www.lounor.com. |
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12) Pro Minerals Inc. |
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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.
To view more information on Pro Minerals visit it’s website at
www.promineralsinc.com.
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13) Debut Diamonds Inc. |
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Thundermin owns 22,029 shares in
Debut Diamonds Inc. ("Debut") (DDI:CNSX)
(a spin-out from KWG Resources Inc.),
which is exploring for diamonds in the
James Bay Lowlands of Northern Ontario.
To view mine information on Debut
Diamonds visit it's website at:
www.debutdiamonds.com |
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14) Opawica Exploration Inc.
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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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