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Company Information for Coastport Capital Inc
Company stock charts - 12 Month chart
 TSX.V; CPP
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Company Statement
Coastport Capital Inc. (TSXV: CPP) is a Canadian based exploration company. The Company currently has two projects, both located in Ecuador: the Shyri gold/silver Project and the La Plata VMS Project.
Ecuador is considered an emerging exploration opportunity. The 1990's exploration boom seen throughout much of Latin America was not enjoyed by Ecuador. However, Ecuador's recently revised and now favourable mining laws, stable political environment and world-class mineral potential, as evidenced by recent discoveries such as IAMGOLD Corporation's Quimsacocha Deposit, and Aurelian Resources' Fruta Del Norte discovery, have changed that.
Coastport is now on the leading edge of an emerging country play.
Current Operations
SHYRI PROJECT
Coastport has signed an earn-in/option agreement with Cornerstone Ecuador S.A., a wholly owned subsidiary of Cornerstone Capital Resources Inc., to acquire a 100% interest in the Shyri Gold Project in southern Ecuador. The Shyri Project covers highly prospective areas contiguous to IAMGOLD's Quimsacocha Project. Numerous target areas, with potential for both high and low sulphidation-type gold deposits, locally returning bonanza grades, have been outlined on the Shyri Project. The recent discoveries of the Quimsacocha deposit and Aurelian's Fruta Del Norte discovery highlight the region's potential.
The $US1.5 million first year program will include systematic grassroots exploration and development of drill targets as well as diamond drill testing of several existing targets.
The Shyri Project, collectively more than 450 kmē in area, straddle the Gaņarin Belt, a 50 km long feature with volcanic centers, related intrusives and numerous epithermal gold-silver prospects. IAMGOLD's Quimsacocha Project is the most advanced project in the belt.
Reconnaissance exploration work by Cornerstone began in April, 2005 resulting in the discovery of numerous low and high sulphidation type epithermal gold-silver targets. Five target areas referred to as the Caņaribamba, Gran Muralla, GAMA, LAMA and Yanasacha have been identified. The highlight of recent saw-cut channel sampling at Caņaribamba was a 4.4 m interval of 32.2 g/t Au and 40.5 g/t Ag.
Geographical Spread
Ecuador
Board of Directors and Key Management
| David Patterson - President |
| Mr. Patterson has extensive experience in the junior mining and exploration industry. His European and North American networks have proven extremely successful, raising in excess of CDN$60 million for mineral exploration companies. Mr. Patterson is a Director and Officer of numerous junior resource companies. |
| Robin Adair, M.Sc., P.Geo, - Vice-President Exploration |
| Robin Adair, M. Sc., P.Geo. Prior to joining the Company, Mr. Adair was employed with Falconbridge Limited / Noranda Inc. for over 25 years, in exploration and advanced projects, including extensive experience in VMS projects up to the level of Exploration Manager. |
| Leonard C. Dennis - Director |
| Leonard Dennis, Manager, Leasing Agreements & Contracts, CHC Global Operations since 1975. Mr. Dennis has served as a senior officer and director to several resource based public companies since 1989. Duties have included, corporate restructuring, financing and investor relations. |
| Marc A. Prefontaine - Director |
| Mr. Prefontaine is a professional geologist with over 16 years experience in all facets of mineral exploration including exploration manager, and has worked extensively throughout North and South America, South Africa and Central Asia. He graduated with a BSc in geology from the University of Alberta and an MSc in mineral exploration from Queen's University. Mr. Prefontaine is also the president and a director of Grayd Resources Corp. |
| Laurie W. Sadler - Director |
| Mr. Sadler is a retired Chartered Accountant with extensive experience as a business advisor to public and private companies. Mr. Sadler was a founder and managing partner of the firm Sadler, Weismiller, Spencer, Chartered Accountants (1984-2001) and has a Masters of Business Administration from the University of Western Ontario. |
| Mario Szotlender - Director |
| Mr. Szotlender holds a degree in international relations. He has successfully directed Latin American affairs for numerous private and public companies over the past 17 years, specializing in developing new business opportunities and establishing relations within the investment community. Mr. Szotlender has also headed several mineral operations in Venezuela, including Las Cristinas in the 1980's. He is President of Mena Resources Inc. and a Director of Radius Gold Inc. and Endeavour Silver Corp., all companies listed on the TSX Venture Exchange. |
| Harvey Keats - Technical Advisor |
| Harvey Keats brings a wealth of nickel, base metal and precious metal experience to Coastport. Mr. Keats, a geologist, has over 35 years in the mining business on Canadian and International projects ranging from exploration to feasibility. Mr. Keats worked 25 years with Falconbridge Limited, where he held several senior positions in Canada and abroad. |
| Brent Cook, B.Sc. - Special Advisor |
| Brent Cook is a renowned exploration analyst and geologist. He has over twenty five years of experience focusing on the economic evaluation of mineral exploration, development and mining properties in 50 countries, encompassing virtually all geologic environments. Mr. Cook has worked all over the world as a geologist and consultant, for a variety of major and junior companies. He has a Bachelor's of Science Degree from Utah State University, and is based in Solana Beach California. |
Company Address3rd Floor
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CapitalAs of August 2007:
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Year EndDecember 31 |
Related News
19/04/07 - Coastport Capital Is Focused on EcuadorMost Recent Statement
30/04/08 - Coastport and Cornerstone Declare Force Majeure in Ecuador25/04/08 - News Release
16/10/07 - Coastport Capital decides not to pursue La Plata project in Ecuador
19/06/07 - Completes $2,913,750 Private Placement
12/06/07 - Completes $5,135,000 Private Placement
08/06/07 - Private Placement Increased To $2.8 Million