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crown mining corp (CWM) Details

Crown Mining Corp. is engaged in the exploration and development of mineral properties in California, Nevada, and Ontario, Canada. The company primarily explores for gold, copper, nickel, and silver deposits. Its principal property is the Superior Copper Project that consists of 132 unpatented claims and 36 patented claims, and is located in Plumas County, California. The company was formerly known as Crown Gold Corporation and changed its name to Crown Mining Corp. in June 2014. Crown Mining Corp. is headquartered in Toronto, Canada.

crown mining corp (CWM) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: --
Chief Financial Officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

crown mining corp (CWM) Key Developments

Crown Gold Corporation Elects Rich Morrow as a Director

Crown Gold Corporation announced that at the annual and special meeting held on May 29, 2014, the company elected Rich Morrow as a director.

Crown Gold Corporation, Annual General Meeting, May 29, 2014

Crown Gold Corporation, Annual General Meeting, May 29, 2014., at 11:00 US Eastern Standard Time. Location: Offices of Suite 2828. Agenda: To authorize management to change the name of the company to Crown Mining Corp; to consider a share consolidation on the basis of 10 existing common shares for 1 new common share; to elect the directors of the corporation; to receive the audited consolidated financial statements of the corporation for the financial year ended December 31, 2013, together with the report of the auditor thereon; to consider to re-appoint McCarney Greenwood LLP, Chartered Accountants, as auditors of the corporation and to authorize the directors to fix the auditors’ remuneration and the terms of their engagement; and to ratify and approve the current Stock Option Plan of the corporation which fixes the maximum aggregate number of shares reserved for issuance under the plan at 10% of the issued and outstanding common shares of the corporation from time to time.

Crown Gold Corporation Presents Initial Resource Estimates for its Superior Copper Project in California

Crown Gold Corporation announced initial resource estimates, compliant with the requirements of National Instrument 43-101, for its 100% controlled Superior and Engels copper deposits located in northeast California, USA. Highlights: an inferred mineral resource of 54 million metric tones at an average grade of 0.41% total copper with £487 million of contained copper in the Superior Deposit. An inferred mineral resource of 2.6 million metric tones at an average grade of 1.05% total copper with £60 million of contained copper in the Engels Deposit. In order to establish a reasonable prospect of economic extraction in an open pit context, the resources were defined: within an optimized pit shell with pit walls set at 45 degrees; estimated recovery of 90% for copper recovered by flotation and 80% for copper recovered by SX-EW; mining costs of $2.80/tone of material mined; process costs of $8.00/tone of material processed by flotation and $1.35/lb Cu for material processed by SX-EW; and general and administrative costs of $2.00/tone processed. Mineral resources were estimated by ordinary kriging, using Techbase software in 10 by 10 by 10 meter blocks for the Engels Deposit and 20 m by 20 m by 10 m blocks for the Superior Deposit, both constrained by probabilistic grade shells based on a 0.2% total copper cut-off. Grade estimates within the grade shells were based on uncapped, 5 meter composited assay data. Despite otherwise sufficient data density, blocks were classified as inferred mineral resources primarily due to reliance on historic core drill hole data for which adequate documentation of sampling, analytical and QA/QC protocols consistent with current industry standards does not exist. The mineral resources were estimated using current Canadian Institute of Mining, Metallurgy and Petroleum (CIM) standards, definitions and guidelines. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred resources as an indicated or measured mineral resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral resource category. The company is preparing a NI 43-101 compliant technical report in respect of the updated resource estimate discussed in this news release and will file the technical report on SEDAR within 45 days of the date on which this news release is disseminated.


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