Coronado Resources's Profile

Coronado Resources Ltd. Gold, copper & silver exploration, production & underground development program - Montana

Home Videos Research Press Release Q&A Discussion

Coronado Resources Ltd. Vancouver, B.C., TSX.V : CRD; is an exploration and development gold and copper mining company.

" CRD has signed a contract with and begun shipping gold to, the Kinross processing plant located at Republic, Washington, near the Canadian border. "

The company is currently underway on an exploration and underground development program on it's 100% interest in the historically productive Madison Gold/Copper Property in Montana

Coronado Resources is in a unique position of receiving cash flow from its 100% owned Madison Gold/Copper Property just two years after initiating the company's first diamond drill program.

2008 Project Highlights

First three shipments of gold mineralization made for processing - payments received
Underground advanced to Level II and Copper Zone - completed May 2008
Proposal from metals broker for high grade Copper shipments

2007 Project Highlights

Underground to Level I completed
Initial crush runs .477 oz/ton gold
10.5% copper bulk test underway

Coronado Resources Ltd. Has an option to acquire a 100% interest in six patented and twelve unpatented mineral claims known as the Madison Gold Property. The property is approximately 35 miles southeast of Butte, Montana near the town of Silver Star. The property contains old surface and underground mine workings. Mining was undertaken from the 1880’s to the 1950's.rent Development
The underground decline has been driven 1,000 feet at a slope of 15° which was designed to access a high-grade zone of oxide gold to Level I and Level II and to lower access to a high grade Copper zone. Drill stations have been placed at stages along the decline to provide for additional drilling from underground to further test the limits of the mineralization. The decline is large enough to accomodate ore trucks and underground drill rigs. A project coordinator, mining engineer and geologist have been engaged to oversee the project. A permit was secured and the underground decline was completed to Level I in 2007.

A crushing plant, power line, compressor and weigh scale have been installed on site to process the gold and copper mineralization encountered in underground development. The company has made three shipments of oxide gold mineralization to the Golden Sunlight Mine for custom milling. High-grade copper is currently being brought to the surface as it is encountered in Level II. The company is continuing enderground development to test the high grade copper limits and gold along strike and to depth.

Goodrich Gulch Property, Montana

The Goodrich Gulch Property consists of nine claims located approximately twenty miles southeast of the Madison Property. The company can acquire a 100% interest in the property by making $400,000 in option payments and expending a total of $650,000 in exploration expenditures over four years.

These claims referred to as the Goodrich Gulch Property have in the past received limited underground development and mining. Two shipments of 12 and 8 tons made in the past were from hand cobbed ore from small adits. The first in 1934 assayed 1.31 ozs of gold, 3.2 ozs of silver, 1.5% lead and 1% zinc per ton. The second sent in 1935 assayed 0.85 ozs gold, 5.4 ozs of silver, 1.0% Lead, 1.15% Copper and 6.4% Zinc per ton. This is a strong indicator that precious or base metals do exist on the property and has been confirmed by samples taken by the Coronado engineer.

Last changed at 30-Jan-2009 09:45AM by Highgrader

Management & Directors

Managemenrt

& Directors

Management:
Eugene N. Larabie P. Eng – President, Director
Miles Desharnais – Director
Brian Welch – Director

--------------------------------------------------------------------------------

Advisors:
Mark Aplas C.G.A. – Finances
Thomas Evans - Technical advisor

--------------------------------------------------------------------------------

Eugene Larabie P. Eng - President, Director

Mr. Larabie has 47 years experience in the mining industry. He was assistant manager & mines manager in underground mines in Northern & Southern British Columbia, Yukon, & Northwest Territories. In Northern British Columbia, he 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 he increased production 10% and grew to the President/Director role; he remained with Dankoe until 1988. He has 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, he 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. He 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. He graduated from Haileybury School of Mines in 1957, & is a member of the Professional Engineers Association of the Provinces of Ontario & British Columbia, Canada.
--------------------------------------------------------------------------------
Miles Desharnais - Director

Mr. Miles Desharnais, a graduate of the University of British Columbia (BPE & COMM '69) has worked in sales and marketing for The Vancover Canucks Hockey Club 1970 -74, Administration General Manager for the Vancouver Blazers Hockey Club 1974 -76, and has run a sucessful Travel Agency for almost 30 years in Vancouver B.C. Mr. Desharnais has spent over 40 years investing in public resource companies and has been a director of Minera Capital for the past 4 years.

--------------------------------------------------------------------------------
Brian Welch, Director
President of Olympic Forest Products for 20 years.

Olympic Forest Products is a successful logging and forest management company in business for 75 years.

Mr. Welch has many years of operations experience managing heavy equipment operations. He has been a director of the BC Truck Loggers Association for the past six years. Previously, he was a director of RCOM Venture Corp, a TSX Venture Exchange Company. Mr. Welch has twenty years experience in venture capital companies and road contracting.
--------------------------------------------------------------------------------
Mark Aplas, Finances

Independent accounting practicioner for over 20 years as accountant and auditor for a range of small businesses and public companies. Mr. Aplas has been involved in numerous TSX venture companies as a financial consultant, senior manager and director of mineral exploration projects. He also has been involved in various stages of public company operations, including public financings, listings applications and regulatory compliance, in addition to accounting and financial reporting activities.
--------------------------------------------------------------------------------
Thomas Evans - Technical Advisor

Mr. Evans is a consulting geologist at Western Geoscience Inc., specializing in gold-silver, ferro alloy & base metal exploration; mining geology; geochemical surveys; & prospect evaluation. His successes include: Blue Moon polymetallic deposit in Mariposa Co., CA a million plus ton ore-body; Schell Ranch polymetallic deposit & the Suitcase-Mineral Hill gold, a 300,000 ounce precambrean detachment type occurrence in Inyo Co., CA Clients have included Golder Associates, Homestake Mining, William D. Witter, Inc., Lousiane Pacific Corp., Colony Pacific Explorations, Ltd., & others. He was senior geologist at Noranda Exploration, Inc. & within three months was promoted to district geologist, Reno District. He was mine geologist at Molybdenum Corp. of America, at International Nickel Co. of Canada Ltd., at Thompson Mine Manitoba, & senior mapping geologist at Saskatchewan Dept. of Mineral Resources. His M.S. in geology is from the University of Alberta, & his B.S. in geology is from the University of New Mexico.