“My attraction to this project was due to the fact that one of the properties had previously been mined and a technical report had been completed (not NI 43-101 compliant), by a professional Geologist indicating a very large barite presence.”
Confirmation of my initial thoughts were confirmed when the Company commissioned a NI 43-101 report which estimated that 1mm tons, might be proven with infill drilling of the project.
The mining of Barite has a very small environmental footprint and therefore production is easily permitted unlike base and precious metals.; Therefore the Company can achieve cash flow and become profitable in a relatively short period of time.
Two of the three Canadian (barium sulfate) barite properties are advanced stage exploration projects, actual production has being achieved on the Jubilee Mountain project. Subject to financing, a feasibility study, and a mine plan, the Company anticipates production of industrial grade barite by 2018.
Coming from a career in the resource markets, mostly in the precious metals business, my question was – is the market for the product accessible, and does the market have the depth for additional production? And the answer to that question is… yes it is!
While the high volume sales of barite are associated with the drilling fluid (oil-field) industry , our core focus today is the high purity, high grade, industrial barite market.
We believe that our industrial grade barite projects are of the highest grade and purity in Canada & the US. We further believe we can satisfy a very real and current need in the industrial barite market as pure, high grade barite … is extremely rare in Canada & the USA.
Aside from a small industrial mine in Georgia, USA, there are no other industrial grade barite producers in Canada or the USA. Canadian and US industrial users import 99% of industrial grade barite from China, India, and/or Morocco.
As a potential customer of ours south of the border states, many of the large industrial users now need a non-Asian source of high-grade barite long term, for the future – due to quality, but moreover, supply constraints coming out of China.
With satisfactory drilling results this year, we believe that production and sales into the industrial barite, market can commence in the summer of 2018.
A Western Canadian Company with high grade industrial barite production which does not have to be imported … is an attractive asset.
If you have an interest in participating with us here, we are going to the marketfor a small raise soon.
Please contact me or Steve (Livingston) in my office, here in Calgary, to learn more about offering – or speak with your investment advisor about us – we will be happy to send he/or she an investment package.
Please note. its OK if you not ARE NOT an accredited investor! We have invoked a new exemption that will allow most every investor to participate, i.e. to purchase the units: shares + warrants. The majority of Canadian retail investors can purchase these private placement units now – if the pubco elects to fashion its financing for all, and not just the highest net worth accredited investors.
We achieved this by using the brand new dealer’s exemption that’s available now for retail investors in BC, AB, SK, MB, and NB.
For more information about this please talk with Steve in my office or call your IA for details. Either way we would be happy to hear from you. Please sign up for more on-going information about us on our website and Thank you.
John Rucci, CEO, Voyageur Minerals Ltd.
Investor Information Contact:
Mr. Steven Livingston
V.P. Finance & Business Development
Office: + 587 779 6166
Cell/Txt:+403 471 1659
Toll-Free: + 1 877 262 5197
Office Fax: + 403 508 2670