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deer horn metals inc (GODYF) Snapshot

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05/15/13 - $0.02
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deer horn metals inc (GODYF) Details

Deer Horn Metals Inc. engages in the exploration and development of precious and base metal properties in Canada. Its principal property includes the Deer Horn property, a tellurium-gold-silver-tungsten project covering 6,056 hectares located in west-central British Columbia. The company was formerly known as Golden Odyssey Mining Inc. and changed its name to Deer Horn Metals Inc. in January 2011. Deer Horn Metals Inc. was incorporated in 2004 and is headquartered in Vancouver, Canada.

deer horn metals inc (GODYF) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$282.5K
Chief Financial Officer
Total Annual Compensation: C$30.0K
Compensation as of Fiscal Year 2012.

deer horn metals inc (GODYF) Key Developments

Deer Horn Metals Inc. Auditor Raises 'Going Concern' Doubt

Deer Horn Metals Inc. filed its Annual on Nov 28, 2013 for the period ending Jul 31, 2013. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Deer Horn Metals Inc., Special/Extraordinary Shareholders Meeting, Nov 05, 2013

Deer Horn Metals Inc., Special/Extraordinary Shareholders Meeting, Nov 05, 2013., at 09:00 Pacific Daylight. Location: 1665 ­ 56th Street, Street. Agenda: To approve its proposed share consolidation; to consider and, if thought fit, to approve, by ordinary resolution, an application to voluntary delist the Company's common shares from trading on the TSX Venture Exchange; and to transact such other business as may properly come before the Meeting.

Deer Horn Metals Inc. Announces Positive Results from a National Instrument 43-101 Preliminary Economic Assessment for the Deer Horn Gold-Silver-Tellurium Project

Deer Horn Metals Inc. announced the positive results from a National Instrument 43-101 Preliminary Economic Assessment ("PEA") for the Deer Horn gold-silver-tellurium project. The Project is located in west-central British Columbia 36 kms (23 miles) south of the Huckleberry mine. The PEA describes a 74,000 tonnes per year seasonal open-pit mining operation and conventional flotation mill which would produce a combined gold/silver/tellurium concentrate. The Project may be permitted under the Mines Act of BC as a small mine, without the requirement for a provincial environmental assessment (EA) as the project mining tonnage does not exceed the legislated reviewable project threshold of 75,000 tonnes per year. Waste to ore cut-offs were determined using metal prices of $1,466 per ounce gold, $27.91 per ounce silver and $240 per kilogram tellurium for net smelter return calculations. Net smelter return cut-off for the PEA pit delineated resource was assumed to be $45/tonne. The initial capital cost of the Project is estimated to be $27.8 million. Average mine, process and G&A operating costs over the Project's life (including pre-stripping and waste handling) are estimated to be $61 per tonne.


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