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MINING
Bird River Mines Inc.’s mineral property portfolio presently consists of a quarry license providing the right to exploit calcium bentonite beds located near Miami, Manitoba, Bird River Mines Inc. formerly owned a Manitoba mining property named the Ore Fault. The Ore Fault Property was sold to its joint venture partner Marathon PGM Corporation ("Marathon") effective August 19, 2008. The Ore Fault Property is located in the Bird River Greenstone Belt, 125 km northeast of Winnipeg, Manitoba consisted of 19 claims which cover 446 hectares. The Property has potential for nickel, copper, silver, platinum, palladium and cobalt. Approximately 2 km south east of the properties is Mustang Mineral's Maskwa property which hosted three past producing nickel copper ore bodies. The Maskwa property was mined by Maskwa Nickel and Consolidated Canadian Faraday Limited which were both subsidiaries of Falconbridge Nickel Mines. These three former operating mines produced 35,976,336 lbs of nickel with grades ranging from 0.81% to 1.16%. Also produced was 11,644,920 lbs of copper with grades between 0.21% to 0.30%. In addition, by-products such as cobalt, platinum and palladium were also produced. Under the terms of the sale agreement Bird River Mines Inc. retains a 1.0 % net smelter return royalty ("NSR") in all minerals and metals extracted from the Ore Fault Property. |
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©2009 Bird River Mines Incorporated |