Greenock Resources
(TSX.V: GKR)
James Hershaw, CFO

 

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PROFILE:
Greenock Resources Inc. (formerly Simberi Mining Corporation) is a Canadian based international mineral development company that focuses on developing a portfolio of natural resource properties.
Greenock’s main development project is the Kakanda Copper/Cobalt project in the Democratic Republic of the Congo that is a joint venture with Gecamines, the Congolese state mining company (Greenock 70% Gecamines 30%). This copper/cobalt deposit in the Central African Copper Belt is adjacent to the Tenke Fungurume project presently being developed by Freeport McMoRan Gold & Copper Company and Tenke Mining Corp.
The Kakanda tailings project has NI 43-101 measured and indicated resources of 18.5 million tonnes with an average grade of 1.25% copper and 0.15% cobalt. Adjacent hard rock deposits have a historical resource of 18.6 million tonnes with an average grade of 3.19% copper and 0.19% cobalt.
The company hold a 100% interest in the Needles gold/silver property located in the Arrowhead mining district Nye County, Nevada. This property is approximately 40 miles southeast of the Barrick – Kinross Round Mountain Gold Mine that has had historical underground mining for gold and silver in the early 1920’s.
Greenock’s holdings in Australia include the nickel and platinum group metal exploration property Merlot and a shareholding in the uranium exploration company Raisama listed on the Australian Stock Exchange. Raisama has acquired a number of high potential exploration projects including Lambina from Greenock and the Sunday Creek uranium property in Western Australia that is adjacent to the Kintyre uranium property currently being developed by Cameco.