MICHAEL A. IVERSON, Chairman & CEO
The Company’s near term objective is to outline resources/reserves of several million ounces of gold through the generation of new geological concept models, focused exploration and definition drilling. The exploration programs are managed by an experienced and highly qualified technical team, who meticulously supervise every aspect of day-to-day operations. In addition, Quebec supports the mining industry by maintaining a stimulating mining tax system. From the Quebec Government, the Company receives, in some cases, up to 38% in tax credits for work performed in the field, allowing the company to use tax credits for refinancing with no dilution to the share structure. The projects are located in proximity to the full-service mining towns of Val-d’Or and Malartic with access to gold milling facilities, a provincial highway, railroad, power lines, telecommunication systems and experienced labor force, which facilitates cost effective exploration and development.