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Hemis is focused on exploration in North America,
which as always
provided extremely rich projects in the fields of gold, silver, uranium,
copper and many other base metals
Precious Metals Exploration
5348 Vegas Drive, Suite 226
Las Vegas, NV 89108
Chief Financial Officer
Interview conducted by:
Lynn Fosse, Senior Editor
Published August 31, 2007
Chief Financial Officer
Bruno Weiss has been in the financial field for more than thirty years. He is a former
Treasurer and Head of Foreign Exchange Trading of UBS Japan. He also developed his own
currency and futures hedge fund. Bruno Weiss worked for several private and international
banks in Switzerland (AIG, UBS, Clariden and Bank Leu). He is the Founder of a Swiss
financial services company that is a member of a self-regulatory organization. He has
developed a multi manager currency trading concept and worked as an independent consultant
in the financial industry. Mr. Weiss and Mr. Meier earlier worked together and due to this
prior successful partnership, Mr. Weiss decided to focus his entire efforts on Hemis
Corporation investment and sales unit. Hemis' high profile team is focused on evaluating
high potential gold and base metals projects. The resource investment unit is actively
reviewing other natural resource companies for joint ventures and investments.
Hemis Corporation is a precious metals exploration company trading on the OTCBB under
the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis
Corporation is comprised of both a resource division and a resource investment unit.
incorporated in Nevada, USA with its head office in Zurich, Switzerland. It also maintains
corporate communications representatives in Canada and USA. Led by an experienced team of
exploration geologists and financial professionals, this company has extensive
international capital markets experience and a proven track record.
The company owns four major exploration projects: two of the projects, El Tigre and La
Centela, are located in the state of Sonora in Mexico. Hemis geologists have given a green
light for continued explorations for gold at El Tigre while La Centela has yielded
promising molybdenum samples. Considering molybdenum is used in the ever-growing steel
production as an additive, the financial potential of molybdenum could bring returns much
higher than gold.
Goldcorp, the second largest gold company in the world, has entered into an advantageous
joint-venture property agreement with Hemis on Hemis' Santa Rita property. The Santa Rita
property is in Zacatecas, Mexico, in the historic Melchor Ocampo mining district.
In Alaska, Hemis is currently exploring a major offshore gold project. According to
management, this project has the potential to become the most significant in its
CEOCFO: Mr. Weiss, what is your vision for Hemis and how
do you get there?
Mr. Weiss: Hemis is an exploration company,
founded two and half years ago. We had a vision to establish an exploration company with a
base in Europe because of our excellent position to raise money here. The operational
activities are in the US, Canada and Mexico. Our main focus was and still is to establish
a company or different companies within the Hemis Group and gradually, as these mature
have different spin-offs. Our goal is to achieve a combined market cap of approximately $1
billion US including all companies and participations. We decided to found HEMIS as we
anticipated a turn up of the energy and minerals markets in the long-term. Three years
ago, we thought that this market would out perform any other market for the next 15 to 25
CEOCFO: What do you like about North America; why is that
a preferred area for you?
Mr. Weiss: North America has always been
excellent in providing extremely rich projects in fields like gold, silver, uranium,
copper, and many other base metals. It has always been known as mineral rich and
especially with its mineral belt, which starts in the north of Alaska down to the very
southern part of South America. There are hundreds of projects which have proven to be
excellent and out-performing projects in other regions.
CEOCFO: You have a resource division and a resource
investment unit; please explain your philosophy.
Mr. Weiss: When we started, we hired a number of
excellent geologists and had the exploration company focused on gold and silver. Through
our knowledge and expertise after a certain period of time, we found other base metals on
different properties, for example molybdenum. Thereafter, we divided our activities into
different regions, and formed several units into which the various regions were
integrated. These companies then were spunoff from HEMIS. One of these companies, is for
example Aurum Corporation, which has its operational activities in Peru. The project
we acquired in Peru has proven to be absolutely excellent and there we will start with the
production next year. Another field we actively also pursue is the Uranium market. The
world demand for Uranium has led to soaring Uranium prices in recent years. Our Uranium
projects have been integrated into Tecton Corporation , that today is an independent
CEOCFO: You have a wide range!
Mr. Weiss: Yes absolutely! Starting with only
gold and silver projects, which is the main focus of our advisor Bill Reed. He used to be
the ex-chief geologist of Hecla Mining Corp (NYSE-HL). He brought us excellent projects,
mainly in Mexico as he was active there for over thirty years. We actually were of the
opinion that our first project, called El Tigre in the southern part of Sonora, Mexico,
not too far from the U.S. border, would be a silver project. However, when we were doing
sampling with our geologist, Douglas Oliver, it was very soon confirmed that we had good
gold and silver values. In addition, we found other minerals like copper, and molybdenum,
which could be of much greater value than gold and silver.
CEOCFO: Will you tell us about the other projects on
which you are currently working?
Mr. Weiss: During 2005, Hemis formed a joint
venture with Corex Gold Corporation (TSXV-CGE) an exploration company active out of
Vancouver. Corex has acquired a big piece of land in the middle of Mexico in the state of
Zacatecas. It is the Melchor Ocampo region, which is an historic gold site. The Spaniards
have been active there since 1530. Tremendous amounts of gold and silver have been found
in this region. The property they have acquired is called Santa Rita. Santa Rita and
Zuloaga together are two large districts including about 400 square kilometers of land.
This piece of land is actually very valuable as there have been 1.5 million ounces of gold
found in the past and 250 million ounces of silver. The operations however were shut down
at the end of the 1980s, as gold prices then fell and Corex could acquire this very
big piece of land in the middle of the 1990s for a very small amount. There we have
a joint venture for the Santa Rita properties and about two years ago, Newmont Mining
Corporation (NYSE-NEM) approached us on whether they could acquire both properties, which
we declined. We are not of the opinion that we should sell part of it as we believed in
rising gold prices. In November, Goldcorp Inc.(NYSE-GG) approached Corex Corp., and asked
for a possibility to buy one or both properties. After intense discussions, we decided not
to sell. Instead, we entered into a joint venture with Goldcorp in 2007.
CEOCFO: Goldcorp is a good partner!
Mr. Weiss: Absolutely! It is nowadays the second
largest gold producer in the world and one of the fastest growing explorers anywhere, not
only in Mexico, but Canada and in the United States. They are an excellent partner with an
excellent reputation worldwide.
CEOCFO: Do you have some interest in Alaska as well?
Mr. Weiss: Yes we do, as our chief geologies
Douglas Oliver used to work for National Alaska Mines, for seven years. He knows the
region extremely well. He lived up there, so he has seen many properties. One and a half
years ago he presented Cook Inlet to us, which is the bay region towards Anchorage; 200
miles long and at the widest point probably around 60 miles wide. It is a difficult area
to explore. Many members of the parliament were opposing any new oil projects in the
region, but in 1985 Aspen Exploration Corp. (ASPN.OB) got the permit to explore the
region. However, the authorities withdrew this permission soon afterwards. They have been
holding this property ever since. Aspen was looking for ways to prove that their
exploration techniques are safe for the environment. This was done last year, and so
exploration then started. When we approached them last year for a possible joint venture,
they soon agreed to do gold exploration with us in this same region. It is a mineral-rich
area and we are now exploring the whole bay with a team of about sixteen people.
CEOCFO: What is the financial picture at Hemis?
Mr. Weiss: Hemis has raised about $12 million
since it was founded. It has spent much money already for exploration, so it needs to go
ahead with new private placements to get money for new projects like the ones I mentioned;
El Tigre and Cook Inlet. We have excellent contacts here in Switzerland, Germany and in
the UK as well with funds. We have formed new cooperation contracts with different
organizations in Switzerland, Germany and Austria. At present we are raising funds for two
publicly listed companies, Hemis and Tecton, the uranium corporation. We are raising
roughly $2 million a month, and are expecting to increase this to $5 million in 2008. This
will not only be for Hemis and Tecton, but for the entire Group.
CEOCFO: In closing, why should potential investors pick Hemis
out of the crowd?
Mr. Weiss: First, we have a team of excellent
and outstanding geologists. Our chief geologist Doug Oliver and also for example, Casey
Danielson who has great experience in the uranium sector and gold sector. They both have
proven many times that they are able to identify new projects and mineralization
everywhere in the world. Due to our world class geologists and their ability to identify
great projects, we believe in our continued success.
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