Moss Lake Gold Mines Ltd. was created in 1995 to consolidate ownership of the large tonnage, low grade Moss Lake gold deposit located in the Shebandowan area, 100 kilometres west of Thunder Bay, Ontario. The deposit had been evaluated as a potential underground operation in the 1980s and subsequently as a potential large tonnage open pit operation in the early 1990s. It was viewed as a strategic asset that would increase in value as the gold price increased.

The process of re-evaluating the deposit’s economic potential was initiated in 2006 as the gold price strengthened. A NI 43-101 compliant report completed by independent consultants Watts, Griffis and McOuat Limited estimated and inferred resource of 56.1 million tonnes grading 0.027 ounces of gold per ton or 1.51 million contained ounces above a depth of 840 feet. This included 39.0 million tons at 0.035 ounces per ton or 1.36 million ounces when a 0.015 ounces per ton cut-off grade is applied.

Currently resource remodelling is underway with the goal of reclassifying the resources to reflect confidence gained from the favourable 2008 drill program. Our consultants have recommended further studies to refine the confidence in cost estimates.

Management believes this work will define the economic and technical parameters required to attract project financing for development. Furthermore, we believe the Company’s assets are significantly undervalued in the marketplace relative to those of our peers. We believe this gap will narrow as ongoing work meets our objectives and the significance of this advanced, large resource is recognized in the context of the bull market in gold.

Moss Lake Gold Mines Ltd. trades on the TSX-V under the symbol “MOK” and has 45.1 million shares issued. The Company is a 56% owned subsidiary of established Canadian gold producer Wesdome Gold Mines Ltd.

CORPORATE INFORMATION – MANAGEMENT AND DIRECTORS

David Birkett
Director

Mr. Birkett graduated in 1985 from the University of Waterloo with a Bachelor of Arts Degree in Economics. Mr. Birkett is the President of AltaGas Natural Gas Storage Ltd. and Alton Natural Gas Storage Inc. He was the President, Chief Executive Officer and founding director of Landis Energy Corporation until it was acquired by AltaGas Ltd. in 2010. Mr. Birkett is also the President and founding director of Distinct Resources Corp a private oil company. Mr. Birkett has over 25 years experience with public companies in the areas of corporate development, management, finance and exploration.

Richmond Graham, P.Eng.
Director

Richmond Graham, is a Professional Engineer and holds a Bachelor Mechanical Engineering from Lakehead University and an MBA from Royal Roads University. As the previous Executive Director with Saskenergy Incorporated/Transgas Limited and more recently as the Vice President of Altagas Natural Gas Storage Limited, Richmond has extensive experience bringing new opportunities and projects successfully to market. He has over 25 years experience in the energy sector and is active in both private and public business.

John Hilland, P. Geol
Director

John Hilland obtained a BASc degree in Geological Engineering from the University of British Columbia in 1985 and is registered in Alberta as a Professional Geologist. John has worked on gold and PGM projects with several public companies and has also arranged financing and conducted gold exploration projects for a private companies. He has worked in Nunavut, northern Saskatchewan and British Columbia. Although he has focused on the oil and gas industry since 1990, he is keen to get back to his roots in the hard rock exploration business.

Brian Ma, CA
Secretary-Treasurer

Brian Ma is a Chartered Accountant with a MAcc in Accounting from the University of Waterloo. Brian has been involved in the mining industry since 2004. He is currently the Corporate Controller of Wesdome Gold Mines Ltd.

George Mannard, P. Geo
Director, President

George Mannard is a geologist by training, with a BSc from Queen’s and a Master’s degree in Mineral Exploration from McGill. Career highlights include being senior project geologist responsible for the Louvicourt discovery in 1989 for Aur Resources Inc. and the development of 3 gold mines with River Gold Mines Ltd. George brings with him over 20 yrs experience in exploration and production geology.

Donovan A. Pollitt, P.Eng., CFA
Director

Donovan Pollitt is a Professional Engineer with a BASc. in Mining Engineering from the University of Toronto. Donovan is currently the President & CEO of Wesdome Gold Mines Ltd., he is a holder of the Chartered Financial Analyst® designation and has been a Director of Wesdome since 2006.

 

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