Appleton Exploration TSX: AEX

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APPLETON EXPLORATION (TSX: AEX)

 


Homepage: http://www.appletonexploration.com/


Share structure:
Shares issued & outstanding: 38.272.017
Options: 3.030.000
Warrants: 12.312.241
Marktkapitalisierung: ~ 3,5Mio CAD

exchanges: Trading Symbols
TSX:AEX

performance, shareprice:
Year l/h: 0.020 -  0.630
52 week l/h: 0.030 -  0.630
52 week var.: -59.09%
Aktueller Kurs 0,09 CAD

Select financial data:
Cash and Equivalents: 1,6Mio CAD
Cashgenerierung durch Warrants-Ablauf: 1,5Mio CAD (Warrants at $0.30 (expire 26-Sep-2009)
progn. Cash @Oktober 2009 ca. 2,5Mio CAD! (vgl. MCap = 3,5Mio CAD!) !!


Lage: Birimian Greenstone Belt
 


Fundamentale Daten: Projekte
1. Manalo (southwest of Bamako, Mali)
– Manalo gold property
– 7 gold zones on 15,000 hectare
property
– Highlights include 192 g/t Au over 10
metres from veins and 15.64 g/t Au
over 16 metres from silicified metasediments
– May 2009 drilling completed at
Dialafara Zone
– 1. 43-101 Technical Report (Feb 2009)

2. Dora (Spences Bridge Gold Belt)
– Dora gold property near Merritt, B.C.
– 4 gold zones on 26,966 hectare
property
– Highlights include 2.74 gpt Au over 4
metres from veins and alteration shear
zones.
– Drilling scheduled for Q3

http://www.appletonexploration.com/images/stories/AEX_Power_…

Fokus: Drillingprogramm 2009
– 18 reverse circulation with selective
core tails holes
– 95 air core holes in 8 prospecting lines
  • Strong NW trending soil anomaly in
excess of 3000 metres.
• Artisanal workings at several locations
along trend showing a dominant NW
trend and a secondary NE trend.
• Second sub-parallel NW trend 2000
metres to the east.

Investment highlights:
  •Excellent share structure
• Quality projects in geopolitically secure
jurisdictions
• Year round drilling in Mali – consistent
news flow
  • Proven management
– Developed, constructed or operated 6
mines
– Instrumental in discovery of over
5,000,000 ounces of gold
  – Over 114 years combined exploration and
development experience
• Geared for near term and long term
activity to consistently generate news
– Manalo drilling Q2 (underway), late Q3
  – Dora drilling Q3
– Phase 2 on Manalo is ongoing


Ergenis-Ausschnitte von der Dialafara-Zone auf Manalo:
• Historic 4,469 metres drilled in 40
holes. AEX - 6,795 metres drilled in
113 holes.
• Quartz veins or silicified zones in
strongly altered sediments.
Intersections include:
Hole g/t Au m length
MDL-07-011 10.06 2.0
MDL-08-032 1.61 16.0
MDL-08-036 2.26 10.0
MDL-08-036 15.64 16.0
MDL-09-041 36.40 1.0
MDL-09-042 2.55 7.5
MDL-09-046 1.34 5.0
MDL-09-049 1.14 11.0
MDL-09-053 1.58 10.0
MDL-09-054 5.03 10.0
MDL-09-056 192. 10.0

Highlights der Bohrergebnisse:
15,64 g/t Gold über 16 Meter
36,4 g/t Gold über 1 Meter
192 g/t Gold über 10 Meter
5,03 g/t Gold über 10 Meter
9,57 g/t Gold über 9 Meter
29,07 g/t Gold über 6 Meter

usw....

 


Weitere ausführliche Infos zu Manalo:
This report describes the results of work conducted during 2004 to present on
two of four concessions, namely, Arrete 05/1350 and 06/0055, that form the contiguous
permit holdings of the Manalo-Balandougou Gold Project. The project area is 225 square kilometres in size. (Das ist eine gigantiche Projektgröße!)
Appleton Exploration Inc. has signed a Letter of Intent to earn a 100% interest,
subject to a 2% Net Smelter Return (NSR) Royalty, from Delta Exploration Inc.
(“Delta”) a wholly-owned subsidiary of Rockgate Capital Corp. in the Manalo-
Balandougou Gold Project in the Republic of Mali, Africa.   Appleton Exploration,
through the Letter of Intent, has rights to 100% of the gold and base metals found on the
Manalo-Balandougou Gold Project area subject to a 10% participating interest by the
Government of the Republic of Mali.
The concessions are located in western Mali, in the Kangaba administrative
district and are approximately 100 kilometres southwest of Bamako, the capital of Mali.

 


DIRECTORS UND MANAGEMENT

R. Tim Henneberry, P. Geo., Chief Executive Officer, President and Director
Tim Henneberry is a [color=green]professional geoscientist with more than 29 years experience in both exploration and production. His early career centred on production, first from underground precious metal mines and later from placer operations.[/color] He has been a consultant since 1985, founding his own consulting firm in 1991. He has served both as a director and as a senior manager and president for junior mining companies and is currently a director of Passport Metals Inc. and Northern Rand Resource Corp. He has a long history of accomplishments in professional geological assessments, capital management and the implementation of successful mineral based operations.

Fred Sveinson, P. Eng., Director
Fred Sveinson is a mining engineer with more than 38 years experience in all aspects of the mining industry. His career has encompassed underground mining in Zambia, the United States, Venezuela, and Canada including the Arctic, to senior management levels with such companies as Echo Bay Mines Ltd. and Dynatec Corp. As President and CEO of Gold City Industries Ltd., and in conjunction with a joint venture participant, he was instrumental in acquiring in 2004, the Bissett gold mining assets in Manitoba for $7.5 million and merging them into San Gold Corp., which now has a market capitalization of $550 million. He is currently President and CEO of Merit Mining Corp.

Paul Cowley, P. Geo., Director
Paul Cowley is a professional geoscientist with 30 years experience as an exploration, project, and consulting geologist, including 18 years with BHP in Canada, Chile, and Bolivia. He led a team of geologists at BHP that was responsible for the discovery of 4 gold deposits in the Canadian Arctic that now have resources totalling over 5 million ounces of gold. He was also a key member of the Gold City management team that acquired the Bissett assets and carried out the San Gold merger.  Paul Cowley is currently VP of Exploration of Merit Mining Corp.

Jim Walchuck, P.Eng., Director
Jim Walchuck is a Professional Engineer with over 29 years of domestic and international experience in the minerals industry. The scope of his experience includes work in Canada, Ghana and Tanzania. He served as President of Tournigan Energy Ltd. (formerly Tournigan Gold Corporation) from May 2005 through June 2008. He has held senior management positions with Tarkwa Goldfields (Ghana), Royal Oak Mines, Sutton Resources and Barrick. He served as the Manager of Mining for Barrick at the Bulyanhulu Gold Mine in Tanzania where he oversaw the mine development of the multi-million-ounce, high-grade underground mine in 18 months. He is currently a President and CEO of Pacific Coast Nickel Corp. and Angus Ventures Corp.

Robert McMorran, Chief Financial Officer
Rob McMorran, CA, is president of Malaspina Consultants Inc., a private company that provides accounting and administrative services to junior public companies. Rob has over 20 years experience in dealing with financial reporting and the administration of public companies, the last ten years through Malaspina. During this time Rob has served as an officer and/or director of several public companies, primarily involved in mineral exploration and development. Currently Rob is a director and CFO of Continuum Resources Ltd., director of Terra Ventures Ltd., and CFO of Wave Exploration Corp. . Until recently, Rob was CFO of the highly successful Canada Dominion Resources Group of flow-through limited partnerships.


INSIDER-REPORT

Sep 07/09 Sep 04/09 Sveinson, Frederick J. Indirect Ownership Common Shares 10 - Acquisition in the public market 98,500 $0.090
Aug 16/09 Aug 12/09 Sveinson, Frederick J. Indirect Ownership Common Shares 90 - Change in the nature of ownership 200,000 $0.105
Aug 16/09 Aug 12/09 Sveinson, Frederick J. Direct Ownership Common Shares 90 - Change in the nature of ownership -200,000 $0.105
Jun 26/09 Jun 16/09 Cowley, Paul Indirect Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.520
Jun 26/09 Jun 16/09 Cowley, Paul Indirect Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.570
Jun 26/09 Jun 16/09 Cowley, Paul Direct Ownership Common Shares 10 - Acquisition in the public market 20,000 $0.610

Quelle:  http://canadianinsider.com/coReport/allTransactions.php?tick…


Chart: 6 months
 

Chart: 2 years
 

Keine Abzockerchancen von deutschen Medien o.ä., die Aktie wird glücklicherweiße nur an der TSX gehandelt! Selbst in kanadischen Boards ist die Aktie ein fast unbeschriebenes Blatt..
Genau in diesen unbekannten Titel liegen demnach oft die größten Chancen (die Risiken müssen hierbei aber umfassend analysiert werden!) im Explorerbereich!

Habe etliche Infos und Spekulationen rund um AEX nach intensiven Recherchen analysiert und erörtet. Einen kleinen Ausschnitt davon habe ich folgend zusammengetragen!

STORY
Das Management fokussiert sich in 2009 primär auf die Goldliegenschaft Manalo (advanced status!) im ressourcenhaltigen, geschichtsträchtigen Birimian Gold Belt in Westafrika. Schaut euch die exzellente Lage dieser Liegenschaft in der Lagegrafik genau an, einige hochgradige multi million Oz Gold-Deposits quasi in der Nachbarschaft. Die Infrastruktur rund um diese beliebte Mininggegend ist sehr gut ausgebaut!
( http://www.appletonexploration.com/images/stories/New-Birimi… )

Die Aktie hat eine beispiellose Berg- & Talfahrt hingelegt, nachdem DAS "Magic-hole" (MDL-09-056) nicht bestätigt wurde, brach die Aktie massiv ein und die Story um Manalo sorgte für eine krasse Verwirrung. Die drill results gingen aus der Zeit von der 1. Explorationsphase (geplant von 2008- Q2,2009) hervor.
AEX brachte in der Zeit des enormen Spikes (Chart, Volumen!) eine PR mit folgender Schlagzeile heraus: "MDL-09-056hasreturned 192grams per tonnes Au (6.17 oz/t) over a 10 metre quartz rich zoneincluding 640 gpt Au (20.58 oz/t) over 3 metres."

Nebenbei kam es zu hochinteressanten Verläufen in der Historie der Insiderreporte! Viel deutet auf eine abgemachten Deal hin, das "exzellente" Händchen von einem Insider (Kottmeier, Karl Erich) brachte ihm nebem der beachtlichen Rendite, aber auch seinen Insiderverlust! Die gesamte Aktion beschattet die Story um AEX, die Verantwortlichen werden alles daran setzen wieder an Image zu gewinnen und für shareholder value zu sorgen!

Die folgende Abstrafung nach diesem Dilemma war ebenso gewaltig wie der Antieg davor. Die Aktie hatte damals eine Monats-Vola von mehr als 500%(!) Das Management versäumte es darauf (leider) ein solides PP im Bereich zwischen 0,20 CAD bis 0,50 CAD durchzuziehen. Die extremenen Schwankungen um die Problematiken rund um das "Magic hole" hat potenzielle Kapitalgeber in erster Linie verschreckt, nach dem großen Einbruch scheinen sich aber wieder erste Interessenten gemeldet haben. Positiv zu werten: AEX ist gegenwärtig auf keine Kapitalgeber angewiesen, da genügend Cash für die nächsten Drillphasen vorhanden ist! Keine Dilution!

Sichere Kontakte bestätigen (sedar, IR) eine weiterhin solide finanzielle Lage des Unternehmens.
Cashbestände stehen bei 1,6Mio USD, die MCap ist gerade bei ca. 3,5Mio USD! Ausreichend Cash um die nächste Explorationsphase erfolgreich und zügig durchzuziehen. Die Verantwortlichen können bis Ende September mit weiteren 1,5Mio CAD rechen, weil 5 Mio Warrants bei 0,30 CAD auslaufen und neues Geld in die Kassen bringen werden!
Gegenwärtig lässt das Management die 2. Explorationsphase in 2009 auf der lukrativen Goldliegenschaft laufen.
AEX konnte bereits schon einige, richtig schicke Treffer vermelden. (http://www.appletonexploration.com/index.php/projects/manalo/113.html)!
Die Grades waren zum Großteil ausgezeichnet, viele Längen konnten überzeugen. Eine ausführliche Übersicht einiger high grade Treffer sind den Grafiken unten zu entnehmen!
Unterm Strich sind die Begebenheiten um Manalo wahrlich ausgezeichnet, die Liegenschaft hat das reale Potenzial auf mehrere Millionen Unzen Gold! Dabei spielt die infrastrukturelle Lage einer Goldliegenschaft für die majors eine immer bedeutendere Rolle: Manalo liegt in einem aktiven Miningtrend!

Das wird ein große Story, imho!


Ergebnis-Ausschnitte von der Dialafara-Zone auf Manalo:
Intersections include:
Hole --- gpt Au --- m length
MDL-07-011 10.06 2.0
MDL-08-032  -- 1.61 -- 16.0
MDL-08-036  -- 2.26 -- 10.0
MDL-08-036  -- 15.64 -- 16.0
MDL-09-041  -- 36.40 -- 1.0
MDL-09-042 -- 2.55 -- 7.5
MDL-09-046 --  1.34 -- 5.0
MDL-09-049 --  1.14 -- 11.0
MDL-09-053 --  1.58 -- 10.0
MDL-09-054 -- 5.03 -- 10.0
MDL-09-056 --  192. --  10.0


Manalo, overview
 
 

Current Exploration Program
 
 
  [/quote]

Drill programm 2008, Delta
 

Rambler I've been called on my numbers before hence I'm callingyours. 6 oz per ton at 3 feet= correct, but hey 15000 net per ton? At 940 an ounce based on the central high grade gives me 5640 gross. Yes ACTUAL minning costs will be low but there is also startup which should be factored in. Like I said before if you think that stockhouse posters actually have the capability to swing a stock then you are mis-informed. For the most part we are a small fish swimming in the ocean. The few 100K of shares that we trade, or say we trade, don't amount to a pinch of coon sh!!!!t in the financial world. The bad press has effected this stock - no doubt. But the numbers are still extraordinary. Back in the day they used to base mining core samples in ounces per ton. Now they post in grams. 31g to troy. Every Explo is just that, a listed CO with mineral rights. They have struck big but lost confidence due to pre-mature e-speculation. I 2 believe ther is a large play here laying in the grass. Most of us do our own DD and don't get caught up in pumpers and bashers. But hey you all like numbers so here if a CO has 30mill of shares out and we, as a whole in SH BB trade 300,000 shares a day, then we represent 1% of the CO. Put that in your pipe and smoke it.