|Description:||Eugene Larabie P. Eng - President, Director- 47 years experience in the mining industry. I was an assistant manager & mines manager in underground mines in Northern & Southern British Columbia, Yukon, & Northwest Territories. In Northern British Columbia, i was responsible for all construction pertaining to bringing an underground mine into production. He worked for Teck Corp. at Beaverdell, B.C. at an underground silver mine & with union cooperation was able to reduce the working force of 80 by 20% & increase production by 20%. In 1980 became manager of Dankoe Mines Ltd. where i was able to increase production 10% and grew to the President/Director role; I remained with Dankoe until 1988. Been a director & president of numerous public companies and personally formed over 12 public companies. As President of Curion Venture Corp., a Canadian smallcap stock, I entered into a joint venture for 20% to explore for gold in Honduras. The joint venture was successful in bringing a gold property to feasibility and was sold to Glamis Gold, which is presently operating the mine very successfully. I formed Laroth Engineering Ltd., a mining consulting & contracting company, working in mining exploration & underground mining in several Asian countries as well as Central America, U.S., & Canada. I graduated from Haileybury School of Mines in 1984, & is a member of the Professional Engineers Association of the Provinces of Ontario & British Columbia, Canada. |
WELCOME TO CORONADO RESOURCES LTD.
Coronado Resources Ltd. is a Canadian exploration and development gold mining company. Coronado is publicly listed and trades on the Canadian Venture Exchange under the trading symbol CRD. The company is currently underway on a 2007 exploration program on it`s 100% interest in the historically productive Madison Gold Property in Montana.
Coronado Resources is in a unique position to receive cash flow from its 100% owned Madison Property within 2 years of completing the 2005 diamond drill program. This is buoyed by the fact that three processing plants are available for custom milling, of the material produced from the underground workings.
The Madison Copper Gold property was formerly an open pit and underground operation and is located near Silver Star, Montana. Silver Star was once a prosperous mining town gold and silver. Coronado’s Madison property was in production during different periods from the 1880’s to the 1950’s and extracted gold from extensive underground workings in the property’s Broadway Mine, which is only one of several target locations at Madison.
A 14’ by 14’ decline has been advanced to a linear distance of 430 feet and is approaching some drill intercepts. The decline has been designed to extract up to 500 tons per day. Copper sulphide mineralization has been encountered in the decline earlier than expected and assay results have been published and are available for viewing.
Coronado Resources plans, after testing, to begin on site copper and later gold leaching of lower grade material and a processing consultant will be engaged for this work. At the present time the company has 36 full time local employees. One more geologist will be engaged to locate and assess other properties initially close to the Madison project. A property within 20 miles of the Madison property is expected to be optioned in the near future.
Production from the Broadway Mine and surface pits up to 1942 is estimated at 450,000 tons of ore averaging 0.32 oz/ton (11.0g/t) Gold, representing 144,000 oz`s of gold production worth over $86,000,000 using a $600 US/oz gold price.
If you would like to speak with someone in the company call us directly at (604) 683-6338 or on our North American Toll free number - 1 (800) 811-2322.
Thank you for your interest in Coronado Resources Ltd.
The Coronado Team