Portfolio Companies


Minerx's principal formed Northland Gold Corp. which evaluated, acquired and consolidated over ten different properties in Ontario's Chester Township. This included historic resources of 469,000 ounces of gold. With additional financial backing from the Treelawn Investment Group, the discovery hole was also drilled on the property which intersected .75 grams per tonne over 828 feet of continuous mineralization. The project was subsequently sold in 2009 to Trelawney Mining Corp for shares. Trelawney, which very effectively developed the asset to a 43-101 compliant resource of 6.87 million oz. gold, sold the project to IAM Gold in June of 2012 for $589 million.


Minerx's principal, as the founder of Condor Diamond Corp., conducted an extensive geophysical program over large areas of the James Bay Lowlands which resulted in the evaluation and staking of many claims which included the eight claim units optioned to (and subsequently sold to) Noront Resources Ltd. as a part of its Double Eagle polymetalic project. Condor Diamond Corp. vended the property to Noront for shares and a royalty. The project has discovered a world class Ni, Cu, Chromite deposit which has recently received a positive feasibility study.


Minerx's principal founded Hays Lake Gold Inc. which acquired and consolidated five different property interests in the Shoal Lake region of Ontario, southwest of Kenora, in late 2008. Collectively the project contained a compliant and historic resource of 798,000 ounces gold. The project also contained five former producing mines, the Duport, Cedar Island, Mikado, Olympia and Crown Point mine which at the turn of the 20th century produced fifty five percent of Ontario's gold production. The project was sold to Everton Resources Inc. in September of 2009 for shares.


Minerx's principal was a founding member of a Toronto based syndicate which staked and discovered what became the Jabiluka Uranium project in the Northern Territory of Australia. Jabiluka became the world's largest uranium deposit and in 2006 was valued at over $10 billion. The syndicate vended the project to Pan Continental Mining Ltd. which subsequently sold it to Energy Resources of Australia which was acquired by Rio Tinto in 2000. Rio Tinto has, as yet, been delayed in putting the project into production pending environmental permits and resolution of aboriginal issues.