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Pebble Creek Mining Ltd. |
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Luncheon Presentation October 8, 2008 |
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Pebble Creek Mining Ltd. is a company registered in British
Columbia, Canada. The Company is listed and trades on the
TSX Venture Exchange as a Tier 2 company under the symbol
"PEB."
The Company has secondary listings on the Frankfurt Exchange
and the Berlin-Bremen Exchange where it trades in Euros
under the symbol "BHB."
Authorized share capital is an unlimited number of common
shares and an unlimited number of preferred shares. No
preferred shares are issued.
As of August 28, 2008 the issued shares are 29,171,219; of
which 3,864,450 are held in escrow under TSXV rules, leaving
25,306,769 as free trading. Outstanding warrants and options
are 11,486,600 at average exercise price of Cdn. $0.85 and
expiry dates ranging from June 2009 to August 2013. The
fully diluted capitalization is 40,657,819 shares.
Principal Property
The Company's wholly-owned Indian subsidiary, Adi Gold
Mining Private Limited, holds 100 percent of mineral rights
covering the Askot deposit of copper, lead, zinc, silver and
gold.
The Askot deposit is located at Askot village, Uttarakhand
state (formerly part of Uttar Pradesh), in the Himalayan
foothills of northern India.
In 2007 the Company received approvals of a 30-year Mining
Lease from the Indian Ministry of Mines and the Uttarakhand
state government. In 2008 it received Pollution Control
Board clearance and its Mining Plan was approved by the
Indian Bureau of Mines. Final granting of the Mining Lease
is expected in the second quarter of 2009 following approval
by the Indian Ministry of Environment and Forests.
The Askot deposit was drilled and tunneled in a series of
programs by the United Nations Development Programme and
several Indian government agencies in the period 1965-1988.
The Company verified results of 9,000m of prior drilling
with 4,600m of drilling in 2006-7.
SRK Consulting's Toronto and Kolkata offices produced an
independent NI 43-101 compliant indicated mineral resource
estimate of 1.86 million tonnes containing 2.62% copper,
3.83% lead, 5.80% zinc, 38 gpt silver and 0.48 gpt gold.
Cutoff grade for the estimate is a net smelter return of
USD$100 per tonne of ore, or 2.67% copper economic
equivalent, or 6.54% zinc economic equivalent, using
conservative metals prices and mill recoveries (see
www.pebcreek.com).
The metal contained with the deposit is 107 million lbs. of
copper, 157 million lbs. of lead, 238 million lbs. of zinc,
2.3 million oz. of silver and 29,000 oz. of gold.
The limits of the deposit have not been found. The known
deposit is 600m in length and steeply dipping. It is open
below 180m of depth and along strike to the northwest. In
addition, the Company has found several EM and soil
geochemical anomalies along 3,000m of strike length. The
Company believes the deposit has potential for 10 to 20
million tonnes. The Company is currently driving a long
tunnel and installing underground drilling stations for
step-out drilling.
Other Factors:
Askot's economic vitality will be enhanced by India's high
demand for metals, low capital and operating costs, business
incentives, low trucking costs, and the eagerness of the new
state of Uttaranchal to work with industry toward common
goals. Under Indian law, profits from mining can be
repatriated. The Corporate income tax rate is 33% and same
year depreciation is available for certain capital costs.
The Company is the only listed North American company with
offices, staff and base and precios metal assets in India.
It has built up a technical and business infrastructure in
its 14 years in country. It also has other applications for
mineral rights pending in a number of Indian states.
Corporate Headquarters:
Pebble Creek Mining Ltd.
Executive Office
Suite 302, 750 West Pender Street
Vancouver, British Columbia
Canada V6C 2T7
Telephone +1 604 696 6101
Fax +1 604 696 6196
President & CEO's Office:
Adi Gold Mining Pvt. Ltd.
D-4 Commercial Complex, Paschimi Marg
Vasant Vihar, New Delhi, India 110 057
Telephone +91 11 4605 4156
Fax +91 11 4605 4159
Website: www.pebblecreek.com |
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