Carlyle Commodities gets another Nod CSE : CCC FSE : 1OZ OTC : DLRYF
It is a big deal to establish partnerships with outstanding people and companies that have a reputation of meeting expectations, discoveries, and developing mining projects.
This morning Carlyle Commodities Corp announced Strategic Partnership with Hunter Dickinson Group for two separate projects: the Jake and the Mack. Great news as I have looked at these two projects before. These projects offer a huge opportunity for CEO and Director, Morgan Good of Carlyle commodities. It also frees up and farms out excellent projects that need to be developed and worked on. It is a win/win for both groups.
Robert Dickenson and Hunter Dickinson Group do not need introduction in the mining sector but for those generalist that are swarming into the space HDI has found porphyry discoveries which include Pebble, Mount Milligan, Kemess South, Kemess North, Gibraltar, Prosperity, Xietongmen, Newtongmen, Florence, Casino, Sisson, Maggie, DUKE, PINE and IKE! This is an exceptional group to align oneself with and for me it is a great fit because it is an eager, intelligent and driven young group working with an experienced team full of success and wisdom to start ushering in the new miners, developers and financers in mining. It is an outstanding opportunity to explore two outstanding projects with this determined team at Carlyle Commodities.
Another big partnership signed early in the development of this company. If you remember their initial transaction was with Riverside Resources which is a well funded and respected team in Mexico this partnership works in BC and gives the company strong positioning.
In the terms of the agreement CCC will have a 50% working interest in the Mack copper-molybdenum-gold and Jake gold properties by completing $400,000 of drilling and other surveys on each property. Upon completion of the required expenditures, separate 50:50 Joint Ventures will be formed between Carlyle and UMS to continue advancing the project Both groups also agreed that HDI affiliated Amarc Resources will operate the exploration programs.
Both properties have extensive data and targets detailed. The drill program will test the scale, bulk tonnage deposit targets that geochemical and geophysical surveys have indicated.
Drill permits have been applied for and are expected for the end of August on the Mack, but it may take longer with Jake meaning drilling will take place next year. There is a 14-day drill program ready as soon as permitting is completed on the Mack.
We are looking forward to the developments to come and news flow from this partnership. I look forward to speaking with Morgan Good and posting more about the two projects they have announced.
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Securities Disclosure: I, Andrew O’Donnell work with Carlyle Commodities Corp and was paid for this article.
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