Daring Ventures Investor Overview | INN

Overview

Gold is a well-respected hedge towards inflation and world financial uncertainty. The spot value of gold not too long ago hit a 19-month excessive in March 2022 of US$2,058 per ounce and has since dipped to ~US$1,700. This fluctuation has prompted market analysts to say that “gold is completely on sale proper now,” as the present USD index is impacting its spot value.

There are a number of methods to spend money on gold, together with commodities and shares in mining corporations. When investing in a mining firm, it’s important to contemplate the placement of their tasks. Steady jurisdiction with mining-friendly laws is good. Fraser Institute’s 2021 Annual Survey of Mining Firms named Ontario the twelfth most engaging jurisdiction for funding attractiveness and thirteenth for mineral potential. Moreover, Ontario is the largest producer in Canada of gold, PGEs and nickel. These knowledge provide a degree of confidence in Ontario-based mining operations.

Daring Ventures (TSX.V:BOL) is a Canadian mineral exploration firm specializing in treasured and demanding mineral property in Northwestern Ontario. The corporate’s asset portfolio demonstrates its twin deal with treasured metals and demanding minerals, to create constant worth with gold and meet the rising demand for battery and demanding metals. Daring Ventures’ tasks are positioned inside three energetic areas all through Ontario: Thunder Bay West, Wawa West and the Ring of Hearth camp positioned within the James Bay Lowlands. The Thunder Bay West tasks comprise gold and copper mineralization, whereas Wawa West and James Bay have property with copper, nickel, zinc, silver and PGE mineralization.

The Traxxin gold venture, west of Thunder Bay, has hosted quite a few high-grade gold intersections in drilling. The newest of which intersected 3.6 g/t gold over 12.3 meters. The venture is a three way partnership between Daring Ventures, because the operator, and Lac des Milles First Nation, the place the three way partnership can earn as much as one hundred pc of the property. The corporate’s further property embody tasks recognized for gold and for base metals wanted for the rising clear vitality market.

An skilled workforce of explorers and venture managers leads the corporate towards absolutely realizing the potential of its portfolio. The corporate’s management workforce has participated in three vital world-class discoveries, together with:

• Eagle River Mine: Found in 1987 and has procured over 1 million ounces (Moz) of gold.
• Windfall Lake: Found in 2006 and presently has an indicated 4.1 Moz of gold at 11.4 g/t.
• Ring of Hearth Deposits: Found in 2017 and incorporates a number of vital deposits of nickel, cobalt and chromite.

The Daring Ventures groups’ wealth of expertise permits them to amass undervalued property and apply subtle exploration strategies to establish vital mineral deposits. Management continues to discover its present property because it strikes towards improvement.

Firm Highlights

• Daring Ventures is a Canadian mineral exploration firm targeted on exploring and growing its treasured and demanding mineral tasks in Northern Ontario.
• The corporate owns and operates a number of tasks all through three key areas of Ontario: Thunder Bay West, James Bay Lowlands-Ring of Hearth and Wawa West.
• The Traxxin gold venture is a notable three way partnership partnership between Lac des Milles First Nation and Daring Ventures, with the companions incomes as much as a one hundred pc possession of the property. Daring Ventures is the operator of the settlement.
• The Koper Lake Undertaking is positioned 300 meters from the Ring of Hearth Metals’ (previously Noront after which Wyloo) flagship Eagle’s Nest Nickel-Copper deposit. It hosts a giant chromite useful resource and enticing nickel potential.
• Daring Ventures’ administration workforce has many years of expertise inside the mining sector. The administration and technical workforce have participated in three world-class discoveries and have the correct expertise to information the corporate towards its objectives.

The Traxxin gold venture is 130 kilometers west of Thunder Bay and has 154 claims protecting 2,417 hectares. The venture has glorious present infrastructure and is road-accessible, reducing down on future improvement prices.

Undertaking Highlights:

• Shut Proximity to Important Gold Deposit: The venture is 20 kilometers east of Agnico Eagle’s Hammond Reef deposit, which incorporates 5.6 Moz of gold at 0.71 g/t, together with reserves, measured and indicated.
• Promising New and Historic Exploration Outcomes: Daring Ventures not too long ago accomplished its 2021 drill gap marketing campaign, which indicated 3.6 g/t gold over 12.3 meters. Further historic outcomes embody:
  • Seize samples 1281, 152, 116, 21.1 and three.73 g/t gold
  • 5 historic drill holes with better than 5 g/t gold over numerous intervals
  • One historic drill gap better than 37 g/t gold over 1 meter
• Further Exploration Campaigns Deliberate: The corporate will quickly comply with up on its current drill marketing campaign by additional exploring north, south, east and west to broaden recognized deposits.

The Farwell venture covers 19,200 acres of 113 cells, 18 multi-cells and 6 boundary claims. The asset is positioned within the east Lake Superior area of Northeastern Ontario, roughly 55 kilometers northwest of Wawa, and in a confirmed gold camp.

Undertaking Highlights:

• Promising Geological Formations: The asset incorporates gold-bearing quartz veins positioned inside an iron formation that stretches alongside the western extensions of a significant deformation zone. Moreover, there may be potential for base metallic volcanogenic large sulphide (VMS) mineralization recognized for holding copper, zinc, lead and silver.
• Accomplished Exploration Highlights Future Drill Targets: A not too long ago accomplished versatile time area electromagnetic (VTEM) survey has recognized a number of anomalous areas for future exploratory drilling.
• Highway-accessible: The asset is accessible by street and connects to highways for future materials transportation.

The Burchell asset contains 188 cells protecting 4,512 hectares and is positioned 105 kilometers west of the port metropolis of Thunder Bay within the south-central portion of Northwestern Ontario. The venture is road-accessible via Trans-Canada Freeway 11.

Undertaking Highlights:

• Positioned within the Western Shebandowan Greenstone Belt: The Burchell venture is positioned on the outstanding greenstone belt and incorporates copper, gold, silver and molybdenum mineralization.
• Important Identified Deposits: One of many asset prospects, Hermia-Lake, extends for two.8 kilometers and incorporates 0.31 % to 1.1 % copper over 1.30 meters to six.7 meters, primarily based on historic knowledge.
• Shut Proximity to Prolific Gold Property: The Burchell asset is close by Goldshore Sources Inc.’s Moss Lake property, which is presently conducting a 100,000-meter diamond drill marketing campaign.

Wilcorp Gold Undertaking

The Wilcorp gold asset covers 266 hectares and consists of two contiguous properties within the McCaul township, together with 4 patent claims and one mineral declare. The asset is 14 kilometers east of the city of Atikokan, Ontario, and inside the Thunder Bay Mining Division. New drill targets have been recognized for follow-up exploration.

Undertaking Highlights:

• Close to the Traxxin Undertaking: The Wilcorp asset is near the corporate’s Traxxin venture, which suggests it is usually close to Agnico Eagle’s promising Hammond Reef asset.
• Induced Polarization (IP) Surveys and Prospecting: An IP survey outlined a complete of 14 anomalies. Moreover, 62 seize samples have been taken all through the property with values starting from lower than 5 elements per billion (ppb) gold as much as 14,403 ppb gold, which is roughly 14.4 g/t gold. General, 16 samples returned values over 100 ppb gold, with six samples returning over 1,000 ppb gold.
• Important Historic Work: The asset has pre-existing historic work, together with stripping, trenching and diamond drilling.

Koper Lake Undertaking (Ring of Hearth)

Undertaking Highlights:

• A number of Commodity Streams: The Koper Lake venture has vital potential for crucial minerals. The property has the potential to develop battery metals, chromite and treasured metals for a number of income streams.
• Inside the Koper Lake Undertaking, the Black Horse Chromite Deposit incorporates a NI 43-101 inferred useful resource of 85.9 MT at a grade of 34.5 % Cr2O3 utilizing a cutoff grade of 20 % Cr2O3.
  • Black Horse Chromite Possession Pursuits:
    • Daring 10 % carried curiosity, KWG 90 % working curiosity.
    • Choice to earn as much as: Daring 20 % carried curiosity and KWG 80 % working curiosity.

Daring owns a 40 % working curiosity in all metals apart from chromite and has the choice to amass as much as an 80 % working curiosity in all different metals discovered inside the claims. The asset includes 1,024 hectares, and is lower than 400 meters from Noront’s Eagle’s Nest nickel- copper large sulphide deposit.

Ring of Hearth Polymetallic Undertaking

The Ring of Hearth asset is a future key venture that shall be given additional consideration because the Ring of Hearth regional infrastructure and First Nation agreements are developed.

Undertaking Highlights:

• The Ring of Hearth venture is a grassroots venture that has vital potential focusing on crucial minerals for exploration.
• Daring carried out a VTEM airborne survey in 2013 that positioned quite a few geophysical anomalies which are potential for crucial minerals.

Administration Crew

David Graham – CEO and Director

David Graham has been energetic within the mineral exploration business for over 40 years. Between 1997 and 2004 he was co-founder, president and CEO of Normiska Company, an industrial minerals and supplies firm with 4 manufacturing services in Canada and the USA. Between 2006 and 2010 he was a director and vice-president of Noront Sources Ltd. Throughout this time the corporate made main discoveries at Windfall Lake in City Twp., Quebec and the Ring of Hearth within the James Bay Lowlands of Ontario. From 2010 till 2017 he was govt vice-president of Daring Ventures Inc. at which period, he was appointed president and CEO. Since 1986, Graham has been president of R. Bruce Graham and Associates Ltd., a mineral exploration and pure useful resource consulting agency based in 1956.

Graham has labored extensively in Canada in addition to in the USA, Scandinavia and Africa. His expertise has incessantly included working with First Nations and regulatory companies on tasks that ranged from a grassroots stage to superior improvement.

Robert Suttie – CFO

Robert Suttie has greater than 25 years of expertise, 10 of which have been in public accounting previous to his tenure with the monetary reporting group, Marrelli Assist Providers Inc., the place he presently serves as president. Suttie makes a speciality of administration advisory companies, accounting and the monetary disclosure wants of the group’s publicly traded shopper base. He’s usually concerned in preliminary public choices, enterprise mixtures and asset carve-out and spin-out transactions. Suttie additionally serves as chief monetary officer to plenty of junior mining corporations listed on the TSX, TSX Enterprise exchanges, CSE, in addition to non-listed corporations. Suttie leverages his abilities and expertise to change into integral to the reporting issuers.

William Johnstone – Company Secretary

William R. Johnstone is the corporate’s company counsel and is the corporate’s company secretary. Johnstone has been a associate at Gardiner Roberts LLP since February 2005, practising within the areas of company and securities legislation. Johnstone is the follow chief of the agency’s securities legislation group. Previous to that, Johnstone was the proprietor of Johnstone & Firm, a boutique company and securities legislation agency, for 12 years. Johnstone has been practising legislation for over 28 years. He’s additionally a director and/or officer of six different TSX Enterprise Change listed corporations.

Ian Brodie-Brown – Director & Guide

Ian Brodie-Brown is an business advisor and entrepreneur. Brodi-Brown is a graduate of the College of Toronto and has a few years of expertise arranging enterprise capital for rising corporations, specializing within the mining business. Brodie-Brown is the previous president and chief govt officer of AurCrest Gold Inc., a TSX Enterprise listed junior useful resource exploration firm. Brodie-Brown can be a co-founder and president of Cathay Oil & Gasoline, a non-public firm with international useful resource property. He has a robust understanding of Aboriginal points surrounding at the moment’s mineral business in Canada, and has efficiently negotiated MOUs and exploration agreements with First Nation teams.

Steve Brunelle – Director

Steve Brunelle is a graduate in geology from Queen’s College with over 35 years’ expertise within the useful resource business. He’s the chairman and a director of Rio Silver Inc. listed on the TSX Ventures Change. Brunelle was a founder and officer/director of Nook Bay Silver, which found the Alamo Dorado Silver deposit in Mexico and was acquired by Pan American Silver. He was a founder and officer/director of Stingray Copper, which was acquired by Mercator Minerals for the El Pilar Copper deposit in Mexico. He presently sits on the board of a number of useful resource corporations which are energetic in Canada and Peru.

Jeff Wareham – Director

Jeff Wareham has over 30 years within the monetary companies business. He’s a former vice-president of two main Canadian brokerage companies. On this function, he was actively concerned within the IPO of the 2012 TSX Enterprise inventory of the yr, and the IPO of the most important income inventory on the TSX-V. He was instantly concerned in elevating over $200 million for Canadian corporations. He’s presently CEO of Catch Capital Companions Inc., a non-public fairness agency. He’s a previous director of Marquest Asset Administration, an funding fund firm targeted on Canadian useful resource investments. He’s additionally a director of Certive Options, a publicly listed US healthcare income cycle firm. He hosted a weekly radio present for a number of years, and carried out many small cap funding interviews. Wareham graduated from Western College in 1990, with a level in economics and English. He has earned a number of monetary business designations. He has been a professor of economics and a visitor speaker on economics and political science at Canadian post-secondary establishments.