Rencore Resources's Profile

Welcome To The Rencore Resources HUB On AGORACOM RENCORE EMERGES WITH PROVEN DISCOVERY TEAM
RENCORE PROJECT
FIRST PROPERTY ACQUISITION FOR NEW RENCORE RESOURCES
FOR IMMEDIATE RELEASE
TORONTO, JUNE 7, 2010 Rencore Resources Ltd. (formerly Kermode Exploration Ltd.) ("
Rencore" or the "Company
"), following its name change and new management direction resulting from the Annual General and Special Shareholders Meeting held on June 1, 2010, is pleased to announce its first mineral property acquisition. For staking costs and a finder’s fee of 25,000 common shares, Rencore will acquired a 100% interest in 22 mineral claims (344 units) covering approximately 5544 hectares in the Parks Lake area of northern Ontario, south of Beardmore.
The new claims cover a strong copper-nickel-PGM target recently outlined by the Ontario Geological Survey from a high density lake sediment and water geochemical survey completed during 2006 and highlighted for further investigation in the Ontario Government’s Recommendation for Exploration 2009-2010.
A cluster of first order lake sediment chromium-nickel anomalies are coincident with magnetic highs in the Parks Lake area and the claims were staked in order to acquire mineral rights to possible source areas for the interesting geochemical anomalies.
Prospecting and geophysical surveys to be conducted over the Rencore claims will attempt to outline drill targets within the very broad, multi-site Cu-Ni anomalous area trending in a south easterly direction for approximately 30 km. The Company considers this a very interesting MMS type copper-nickel exploration target as exemplified elsewhere in the province within mafic to ultramafic intrusive rocks.
An airborne EM survey will be contracted to Geotech Ltd. of Aurora, Ontario to locate conductive targets for ground follow-up work in the current field season.
Richard Nemis, President and CEO of the Company reports this property acquisition is the first of several exciting exploration opportunities under consideration by his Rencore exploration team consisting of several former explorationists associated with him during their recent "Ring of Fire" discoveries now being considered for development in the James Bay Lowlands of Ontario.
The technical information in this press release was reviewed and approved by John Harvey, P. Eng. , Chief Operating Officer for Rencore and a qualified person (QP) for the purposes of NI 43-101.
Last changed at 07-Sep-2011 01:32PM by AGORACOM

Management & Directors

  • Richard E. Nemis

    President and CEO

    Richard E. Nemis - President and Chief Executive Officer

    Mr. Nemis was born in Sudbury, Ontario Canada 1938, graduated St. Charles College, Sudbury, Ontario, University of Ottawa and Osgoode Hall Law School and called to the bar in the Province of Ontario as Barrister and Solicitor in 1968.

    He practiced law continuously until approximately 1995, in the field of corporate, commercial and securities law. Mr. Nemis established Noront Resources Ltd. in 1983 and continued to act in a senior management position as President and CEO.

    In the fall of 2008 he was named Chairman Emeritus of Noront in recognition of his contributions to the company's success which included the discovery of "The Ring of Fire" McFaulds Lake area, north eastern Ontario. In 2010 Mr. Nemis was a co-recipient of the Bill Dennis Award for a Canadian discovery for prospecting success by the Prospectors and Developers Association at its annual convention held in Toronto, Ontario. Also during his tenure, Noront funded the exploration and discovery of the Beaver Brook Antimony Mine, Gander, Newfoundland.

    Mr. Nemis established Central Crude Ltd. and while President and CEO of Central Crude the company discovered and developed the Eagle River Gold Mine, Wawa, Ontario which is currently in production. Also during President of Central Crude, the company was associated with the Moss Lake Deposit located west of Thunder Bay, Ontario.

    Nemis is currently a senior member and part owner of what is considered to be the largest structural steel fabricator in northern Ontario, operating since 1946 out of Sudbury, Ontario (Noront Steel Ltd.). Over a forty year span, Nemis is and has been associated with numerous resource companies.

  • John Harvey

    Chief Operating Officer

    John Harvey - Chief Operating Officer

    Mr. Harvey received a Bachelor of Science from the University of New Brunswick in 1959. He received his P.Eng designation in 1964.

    Mr. Harvey has been active in the mining industry since 1960. Recently, he has worked as V.P. Exploration for United Carina Resources, Prospectors Alliance Corp., Western Copper Holdings Limited and Prime Equities Inc.

    Mr. Harvey was Sr. V.P. of Exploration for Noranda Inc. from 1982 to 1994. Mr. Harvey runs his own geological consulting firm. Mr. Harvey has spent most of his professional career employed in mineral exploration with Noranda Inc., including positions as President of Hemlo Gold Mines and President of Noranda Exploration Company Ltd. prior to his work for Noront Resources Ltd.

    Mr. Harvey was Chief Operating Officer of Noront Resources Ltd. until September of 2009. In 2010 Mr. Harvey was a co-recipient of the Bill Dennis Award for a Canadian discovery for prospecting success by the Prospectors and Developers Association at its annual convention held in Toronto, Ontario.

  • Ian Brodie-Brown

    Director

    Ian Brodie-Brown - Director

    Mr. Ian Brodie-Brown is an industry consultant and entrepreneur. Ian is a graduate of the University of Toronto and has many years experience arranging venture capital for emerging companies, he specializes in arranging venture capital for the mining industry.

    Ian is the President and Chief Executive Officer of Tribute Minerals Inc., a TSX Venture listed junior resource exploration company. Ian is also a cofounder and President of Cathay Oil & Gas a private company with foreign resource assets and has spent a substantial amount of time in the international community through his work with this company.

    Mr. Brodie-Brown has developed a strong understanding of the emerging aboriginal issues surrounding today's mineral industry in Canada, and has successfully negotiated MOU's and exploration agreements with First Nation groups.

  • Jim Glover

    Director

    Jim Glover - Director

    Jim Glover is an Assurance Partner in a midsized CA firm in Toronto which acts as auditors for Canadian and U.S public companies. He articled with a national firm. Jim's public practice experience is mainly with companies involved in the mining, manufacturing and distribution sectors.

    He has been engaged in the audits of exploration and development companies for over thirty years. Jim has completed numerous business planning, valuation and security related courses that help him address the interests of his publicly traded clients.

    Outside of the office Jim has been active as a Director and participant in sailing, hockey and not-for-profit organizations. He is a Past Commodore of Port Credit Yacht Club, where he and his family enjoy boating on Lake Ontario.

  • David Graham

    Executive Vice-President

    David Graham - Executive Vice-President

    Since 1986, David Graham has been President of R. Bruce Graham and Associates Ltd., a natural resource management and mineral consulting company that has served the natural resource sector since 1956.

    Active in the mineral exploration industry since an early age, Mr. Graham received a Bachelor of Science degree from the University of Waterloo in 1983. Since that time, his technical and corporate management experience has been wide ranging in the areas of base and precious metals, uranium, industrial minerals and organic materials.

    Mr. Graham has worked extensively in Canada as well as the United States, Scandinavia and Africa. His experience has frequently included working with aboriginal people and regulatory agencies on projects that ranged from a grass roots stage to production.

    Mr. Graham has acted as a Director and/or senior officer of a number of private and public companies. Most recently, Mr. Graham acted as a Director and Vice President of Noront Resources Ltd. between October 2006 and January 2010. As a Director of Noront, Mr. Graham was part of the team that reviewed and approved the acquisition of the Double Eagle claims that led to the discovery of a number of mineral deposits in the James Bay Lowlands, dubbed "The Ring of Fire". As Vice President Special Projects, Mr. Graham provided support to Noront management from the post discovery stage through two additional management changes.

    Mr. Graham specializes in bridging the corporate technical gap for natural resource based companies.

  • William R. Johnstone

    Corporate Secretary

    William R. Johnstone - Corporate Secretary

    William R. Johnstone, is the Company's corporate counsel and is the company's Secretary. He is a partner at Gardiner Roberts LLP, a Corporate/Securities law firm in the city of Toronto.

    Mr. Johnstone is a director of the Canadian Listed Company Association and was recently appointed as a member of the OSC's Small Business Advisory Committee. Mr. Johnstone is also an officer and/or director of five other TSX Venture Exchange listed companies.

  • Amy Stephenson

    Chief Financial Officer

    Amy Stephenson - MBA, CFA, Chief Financial Officer

    Mrs. Stephenson has over 20 years experience in capital market financing and managing public companies. Her involvement as a principal and consultant in corporate reorganization, M&A, RTO and financing extends beyond North America to include Australia, China, Southeast Asia, Western Europe, Latin America and Africa. Mrs. Stephenson also worked for a business valuation firm focused on capital market transactions. She is also an equity research writer.

    Mrs. Stephenson completed her undergraduate in English Language, Literature and Linguistics at the University of Hong Kong in 1981and obtained her MBA in Finance at the California State University in 1984. She became Chartered Financial Analyst (CFA) in 1991. She was lecturer of the CFA lecture series for the Toronto Society of Financial Analysts (now Toronto CFA Society) for 10 years and is currently the Vice Chair of their Continuing Education Committee.

    She is a member of the Financial Executive International (FEI). She is currently a non-member (Public) Council to the Association of Professional Geoscientists of Ontario (APGO) and Chair of the Audit and Compensation Sub-Committee.

Broker Fact Sheet

  • RNC Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Rencore Resources
Symbol
RNC
Exchange
CSE
Shares
28,885,325 as of Jun 06/2011
Industry
Metals & Minerals
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