Interview
with: Nelson W. Baker, P.Eng,
President, CEO and Director - featuring: their
precious metals exploration company whose key
asset is the Rainy River gold project, which s extremely well located in
western Ontario where it is accessed by a network of roads, and is close to
hydro-electric infrastructure. |
CEOCFO-Members Login
Become A Member!
|
This is a printer friendly page!
In The Heart Of A Favorable, Underexplored
Greenstone Belt, Rainy River Resources Has Identified A New Area In
Northwestern Ontario That Could Host A Major Gold District
Mining
Precious Metals
(RR-TSXV)
Rainy River Resources Ltd.
Suite 303, 1620 West 8th Avenue
Vancouver BC Canada V6C 1V4
Phone: 604-731-6900
Nelson W. Baker, P.Eng
President, CEO and Director
Interview conducted by:
Lynn Fosse, Senior Editor
CEOCFOinterviews.com
Published – February 22, 2008
BIO:
Nelson W. Baker, P.Eng
Position: CEO, President and Director
Mr. Baker graduated from the South Dakota School of Mines
with a degree in geological engineering in 1969. He possesses over 40 years
of successful experience in all aspects of mineral exploration and
development in Canada and internationally. Mr. Baker is an active member of
the Association of Professional Geoscientists of Ontario and the Association
of Professional Engineers and Geoscientists of British Columbia. He has
served on the board of several public companies both as director and officer
and now actively serves on the board of Temex Resources Corp., RPT Uranium
Corp. and Aldrin Resources Ltd.
Company Profile:
Rainy River is a Canadian precious
metals exploration company whose key asset is the Rainy River gold project.
With a $39 million treasury, the Company is well funded to conduct an
aggressive year round resource definition drilling program and regional
drill testing of priority targets. Rainy River is extremely well located in
western Ontario where it is accessed by a network of roads, and is close to
hydro-electric infrastructure. Ontario is low political risk and, according
to the annual Fraser Institute global survey of the mining industry, has
consistently ranked as one of the top jurisdictions that embraces mineral
development.
CEOCFO: Mr. Baker, what is the focus for
Rainy River?
Mr. Baker: “Rainy River’s main focus is
to explore and hopefully define a multi-million ounce gold deposit in the
Rainy River district. Our main asset is a 100%-owned large tract of land
that covers a favorable under-explored greenstone belt that we have been
enjoying very positive success in our gold exploration in that area.”
CEOCFO:
Where are you in the process?
Mr. Baker: “Since we acquired the
project in early 2005, we have focused principally on diamond drilling an
historical gold deposit, which is the reason we bought the project. We have
subsequently drilled in that area over 218 drill holes. Our plan is to
initially define a gold resource estimate along the 17 Zone along a
600-meter strike length and down to a 300-meter level; to date we have
drilled approximately 140 holes into that gold zone. We hope to release a
national 43-101 resource estimate for that deposit during this quarter. The
emphasis this year will be to add to our resource estimate as we go along
with at least four diamond drill rigs working full-time on the project. We
believe our chances of finding new gold zones in the area are very high.
That will be our main focus for this year. Since beginning our definition
drilling of the 17 Gold Zone, we have more than tripled it’s size and it
still remains open in all directions. As well we have made several new gold
discoveries nearby that could increase our gold resource significantly.
This year we plan to spend at least a minimum of $12 million in the Rainy
River area.”
CEOCFO:
What do you like about working in that geographical area?
Mr. Baker: “Ontario, Canada is by far
one of the best regions to explore. The infrastructure is outstanding; it
has a network of roads throughout the area that we are exploring, access to
hydropower, great community support, and a nearby labor force in Fort
Francis and Emo, Ontario. Compared to other areas globally,, it is in a
politically low-risk area to explore. The Fraiser Institute rated in Ontario
is one of the ten best places to explore in the world and we are happy to be
there.”
CEOCFO:
Will you explain the techniques you are using?
Mr. Baker: “We use an exploration
technique that is not used a lot by our competitors. It is a sampling
technique whereby we systematically sample the overlying unconsolidated
material that we term “overburden” that provides a blanket of cover over
prospective greenstone belts. We systematically sample the overburden by
drilling a series of closely spaced reverse circulation holes. Our
particular interest is to sample the till immediately overlying the rock
searching for pristine gold grains or unusual base metal indications in
areas that prospectors weren’t able to explore. Essentially we are exploring
for “blind” deposits in areas that have very little rock exposure.. We have
perfected the technique of detecting and then tracing high concentrations of
gold and base metal grains in the till to their original source. This
method, if used effectively, quickly vectors us in on new discoveries. Over
the years, we have had a lot of success with that unconventional technique
and have been using it for better than twenty years now. It is in the outer
edge of mineral exploration and it is reaping rewards for us now.”
CEOCFO:
What do you see two or three years down the line?
Mr. Baker: “We are well financed with a
very solid exploration team and a great management group that runs the
company. We will continue to explore the Rainy River green zone belt at this
high level for the next three years at least. If everything works out, we
think we have the potential of discovering a new mining camp. With both gold
and base metal prices at near all time highs, the future for Rainy River
Project looks very promising and timely.”
CEOCFO:
Final thoughts, what should people reading this take away about Rainy River
Resources?
Mr. Baker: “We believe we have
identified a new area in northwestern Ontario that could host several gold
deposits and could represent a major new gold district. We could not have
accomplished this by using conventional exploration methods. Going forward,
Rainy River Resources will be viewed by the industry as a very successful
exploration gold company.”
disclaimers
Any reproduction or further distribution of this
article without the express written consent of CEOCFOinterviews.com is prohibited.
|
