Incorporated in 1939, Consolidated Professor
Mines Limited is both well known and respected in the Mining
Industry as well as by Investors from around the World. This 64 year old
Company has undergone many changes over the years and continues to do so.
In 1996, Royal Oak Mines Inc. bought out CPML for almost $20 million and
CPML became a wholly owned subsidiary of Royal Oak. CPML at the time
traded on the Toronto Stock Exchange in the .80 per share range and was
delisted at the Company's request.
When Royal Oak Mines Inc. went into
receivership, Outcrop had an opportunity to purchase Consolidated
Professor Mines Limited. Consolidated Professor ML provides
Outcrop with the opportunity to take its group of Companies public.
Outcrop now owned CPML's Gillies Limit NP property in Cobalt, Ontario and
immediately saw the potential of taking CPML public again. CPML brought
with it a subsidiary, Beauchastel Copper Mines Limited which
has an ongoing and up to date Joint Venture with Noranda Mines. The Joint
Venture (40%) CPML and (60%) Noranda involves property owned in the
Rouyn-Noranda area of Quebec. This property is a gold-basemetal play.
By mid 2002, Outcrop also learned that CPML owned Property in the Timmins,
Ontario Camp that would be forfeited in December 2002 for taxes and
additional late charges. Outcrop immediately set about to rectify this
condition, which it did thereby earning a 50% interest in two 160 acre
parcels of land in the Timmins Camp. One property has precious-base metal
potential and the other could host gold mineralization similar to the rest
of the Timmins Camp.
In addition, CPML also owns the Teledyne Mine Projectin
Bucke and Lorrain Twps. Cobalt, Ontario area. Teledyne readied the
property for the production of cobalt-silver-basemetal & gold back in the
1980's but the price of cobalt fell and the mine was mothballed. In the
interim, the price of cobalt reached a high of $30.00 a pound in the mid
90's while the property was under option to the now bankrupt Cobatec.
Today, the Teledyne is on standby, watching the price of cobalt, silver
and gold and they’re all moving up. With the price of cobalt at $24.00 US
a pound or higher, this Property becomes a potential 200 to 300 ton per
day mine.
The Teledyne cobalt /
silver property in the Cobalt Camp has had sufficient exploration and
development work completed that geological and engineering reports
recommend a bulk sample be taken for metallurgical testwork. Although the
43-101 is incomplete, CPML has been recently approached regarding the sale
or leasing of this property.
The Teledyne Portal
In 2002, CPML acquired the former and historical Hudson Bay Mine
and the Silver Banner Mines property in Coleman Twp. Cobalt,
Ontario area. Property acquisitions continue.
Outcrop has
identified, entered negotiations and begun feasibility and development
work on several copper / gold properties in the Kirkland Lake Camp, in
Quebec and in British Columbia for CPML. The BC property has a 43-101 and
proven reserves. A Chinese group has been joint venturing in the study of
one of the Kirkland Lake properties.
Taking a bulk sample at Boston Creek
property
Ms. Gilson examining the broken ore
Crushed ore being bagged in super sacs
Super sacs of
copper-gold ore ready for shipping
Through the issuance of stock in CPML from Outcrop’s holdings,
CPML is no longer a wholly owned subsidiary of Outcrop. CPML has an
unlimited Authorized Capital of which less than 20 million have been
issued and are presently held by less than 35 Shareholders – Outcrop being
the largest shareholder owning over 15 million shares.
Ms. Gilson, President of CPML has recently brought
together a new board, “a working board”, with broad experience including
representation from China. Operations are managed by a team including a
consulting mining engineer, a consulting metallurgical engineer, an
environmental engineer, a minerals sales engineer, a consulting geologist
and several field geological technicians.
The company is now in
a position to begin earning revenue from diamond leases, lumber royalties
and exploration leases.
It is necessary for the company to reopen lines of
communication. Please e-mail Ms. Gilson at E-Mail:
contact CPML with your name, e-mail address, mailing address telephone
and fax numbers. On receipt of update of this information we will endeavor
to keep you informed of all developments.
BOARD OF DIRECTORS
SHIRLEY GILSON- President and Director. Ms. Gilson has been
actively involved in mining exploration and development for over 30
years. Under her management this Company will achieve a corporate
presence in the mining community.She is well known as
founder and editor of the Canadian Mining News website and based in
Cobalt, ON. TONY SPEED
P. Eng. - Director. Tony brings over 30 years experience in construction,
mine development and mine production in North America, Central
America and South East Asia. MARK BATES - Director and Vice-President of Operations.
Mark brings over 33 years of experience in the field of production
and administration. He has also worked for over two years with the
local people of Suriname and has earned their respect and
friendship. ALLEN BROWNE - Director. Allen is from Haileybury, Ontario and brings over 40 years of mining experience to
the Board.
ROBERT SALTER P. Eng. - Ph. D. - B. Sc.
Director. A Project Manager / General Manager / Senior
Metallurgical Engineer with twenty years experience gained in a
career in the field, in the plant, in the laboratory and in
engineering & management offices. Robert will be instrumental in
directing and managing the corporate affairs of CPML.
CONTACT INFO:
Consolidated Professor Mines Limited 12 Martin Drive, RR 1
Cobalt, Ontario P0J 1C0 Phone - 705-679-5403 or Fax 705-679-5360 Email :
Consolidated Professor ML
The Teledyne Portal
