I do IR for both Redhawk and Energold. My colleague Fred Davidson is a director of both companies - that's the connection.
Fred and Kristian worked together to build the Erickson Gold Mine in Cassiar B.C. many moons ago. Then they both went to work with TOTAL once TOTAL bought Erickson out. That's where they got their underground mining experience. They were mining relatively high grade but very small orebodies for years, constantly searching for new pockets of ore.
That's what attracted them to the Remac Zinc Project. The SEDEX orebodies proved to be very consistent in grade and structure at the adjoining Reeves MacDonald mine - they knew what tonnage and grade there would be years in advance. It was an underground miner's dream, not having the stress they had at Erickson in always searching for new ore. The operating company, Bunker Hill, mined two fault blocks of ore.
So Kristian figured if he could acquire what should be the extension of the Reeves MacDonald mine, the four SEDEX orebodies should continue. Cominco had drilled a hole almost six miles east along strike of the Reeves MacDonald mine in 1952, and hit the Reeves limestone member that hosts the four SEDEX deposits (but missed the actual orebodies themselves). That knowledge gave them a very high comfort level the extension was there.
(Also, Bunker Hill had built a 3 million ton tailings pond just before the mine shut down in 1975. They clearly intended to mine the third fault block which is Remac, but they couldn't do a deal with any of the other mineral rights holders owners at the time. So there the tailings pond sits to this day with only 50,000 tons in it.)
The discovery holes in 1987 and 1988 confirmed the extension, which had been block faulted off, but money was short after the crash and the play sat dead for 10 years, until now, when Kristian finally owns 100% of the whole thing (after taking 4.5 years to consolidate the land positions).
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