Acadian Mining Corporation ("Acadian") or (the "Company") is a Halifax, Nova Scotia, Canada based mining company focused on exploring and developing gold, zinc-lead and barite properties in Atlantic Canada. Acadian operates an open pit zinc-lead mine (Scotia Mine) at Gays River, Nova Scotia which commenced production in May, 2007, and is the cornerstone of the Company's Scotia Zinc Project. The mine is expected to produce 30,000 tonnes of high grade zinc concentrate and 12,000 tonnes of high grade lead concentrate per year.
Acadian is also focused on developing four advanced gold properties, Beaver Dam, Tangier, Forest Hill and Goldenville, which form the core holdings of the Scotia Goldfields Project. All of the four advanced properties host gold resources described in technical reports prepared in compliance with National Instrument 43-101 and are available on www.sedar.com. (Please see news releases for further details regarding Goldenville, Forest Hill, Tangier and Beaver Dam's resources.) Acadian is bringing a new approach to the development of Nova Scotia gold deposits by pursuing a multiple mine, central processing, managing and servicing strategy.
The Company holds a 44.40% equity interest in Royal Roads Corp. ("Royal Roads") (RRO-TSX-V). Royal Roads' principal asset is a 16,075 hectare (approximately 32 km x 5 km) mineral property known as the Tulks North Property which is strategically located in the centre of the world-class Buchans base metal camp in central Newfoundland, Canada. In addition, Royal Roads holds a 26.39% equity interest in Buchans River Ltd. ("Buchans River") (BUV-TSX-V), which also holds a highly prospective property portfolio in the Buchans camp. Acadian's indirect interest in Buchans River is 11.71%.
Royal Roads' Tulks North property is host to the Daniels Pond deposit which was discovered by BP Resources Canada Ltd. in 1989. Royal Roads reported on March 13, 2008 a National Instrument 43-101 compliant Inferred resource (Zn cutoff = 2%) of 332,000 tonnes grading 0.30% copper, 2.13% lead, 4.61% zinc, 85.86 g/t silver and 0.53 g/t gold. In addition, Royal Roads announced a National Instrument 43-101 Indicated resource (Zn cutoff = 2%) of 929,000 tonnes grading 0.34% copper, 2.50% lead, 5.13% zinc, 101.40 g/t silver and 0.63 g/t gold.
Aerial View Scotia Mine December 14, 2007
Forward Looking Statement
Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company's 2006 Annual Report which is available at www.sedar.com. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
Click HERE to view Corporate Presentation given by our President and CEO, Will Felderhof, January 20th, 2007 in Vancouver, British Columbia.
Shares Issued as at February 29, 2008Basic - 142,287,907
Fully Diluted - 161,577,251
