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Playfair Mining Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
| Chinese

Address :  Suite 230 – 470 Granville Street
Vancouver, BC
Canada V6C 1V5
Tel No.: (604) 687-7178
Fax No.: (604) 687-7179
Toll Free No.: 1-888-244-6644
Web Site: www.playfairmining.com
E-mail: info@playfairmining.com
Contact Person: Donald Moore
Position: CEO & Director


Company Data

Traded Market: TSX-V
Traded Symbol: PLY
Outstanding Shares: 51,118,095
Public Float: 20,000,000
52 Week High: $ 1.75
52 Week Low: $ 0.035
Present Price: Click Here


Introduction

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Playfair Mining is a mineral exploration company based in Canada. Playfair Mining is currently focused on the discovery of a significant high-grade gold deposit in the Republic of Ireland. The Ox Mountain property has yielded new discoveries of gold in bedrock and in locally derived angular blocks, providing recognition and confirmation of the Ox Mountains as a new emerging district for the discovery of gold.

Playfair's first phase of drilling in its search for another multi-million ounce deposit, has led to the discovery of a major gold bearing structure at Cloonacool. In the short term Playfair plans to advance the Ox Mountain gold discoveries by drilling.

Playfair is led by a highly experienced management team and board with a history of mining discoveries and development. The exciting Ox Mountain project has the potential to yield a multi-million ounce gold deposit.

Ireland

  • Ireland was ranked #1 out of 122 jurisdictions in overall mining policy attractiveness by the Fraser Institute in both 2014 and in 2015
  • Ireland is the largest zinc producer in Europe and the second largest producer of lead
  • Ireland has actively encouraging governments, excellent infrastructure and pragmatic environmental controls
  • Recently, the northern part of Ireland has emerged as a promising gold district with production from Galantas' Cavanacaw deposit and the advancement of Dalradian's Curraghinalt multi-million ounce deposit.


Projects in Hand

Ox Mountain Gold Project, County Sligo, Ireland

Playfair Mining has entered into an Option Agreement to acquire up to a 100% interest in Bowpark Exploration (Ireland) Ltd. Bowpark is a private company registered in Ireland and holds as its sole asset 3 contiguous prospecting licenses over the Ox Mountains in County Sligo, Ireland.

Initial Prospecting

Before Playfair, Bowpark's initial prospecting discovered two previously unknown areas with angular, locally-derived blocks containing significant gold.

  • At Cloonacool Bowpark discovered angular blocks with up to 9.80 gpt Au
  • At Cabragh Bowpark discovered angular blocks with up to 3.43 gpt Au.

Following extensive prospecting Bowpark discovered gold occurrences in two areas, Cloonacool and Cabragh some11 kilometers apart. Bowpark then reduced the mineral rights to 139 square kilometers and entered into an agreement with Playfair. The agreement provides that Playfair may, over time in 4 tranches, acquire a 90% interest in Bowpark by expending $2,280,000 directly on exploration and delivering 1,800,000 shares of Playfair to the current owners of Bowpark. It also includes a mechanism for Playfair to acquire the final 10% of Bowpark.

Playfair is funding Bowpark to advance exploration at both Cloonacool and Cabragh. Additional occurrences have been found including three bedrock showings, one of which yielded 17.4 gpt gold over 0.5 metres. Locally derived angular blocks have assayed up to 33.5 gpt gold at Cabragh and up to 17.2 gpt gold at Cloonacool. The occurrences are associated with regional splays off major structures similar to Curraghinalt. Drilling is underway, the next 1,500 meter phase to commence first quarter 2017.

Follow-up Prospecting

  • Playfair funded Bowpark to carry out follow-up detailed prospecting and soil geochemistry at both Cloonacool and Cabragh
  • The area of gold-bearing locally-derived angular blocks was increased, higher gold values were found
  • 3 bedrock gold occurrences were found at Cloonacool
  • A significant gold soil anomaly was found at Cabragh
  • Geophysical targets established from Tellus survey

2016 Cloonacool Drilling

  • All 9 holes returned plus 1 g/t gold.
  • 200m wide gold-bearing structure discovered.
  • Part of structure contains conductive graphite.
  • Conductor is 4.5 km long.
  • Eastern 1.5 km associated with high-grade gold float is top priority drill target.

2016 Cloonacool Drilling

Hole Number

From

(m)

To

(m)

Core Length

(m)

Gold

(gpt)

3382-001

18.00

18.85

0.85

2.920

3382-002

24.00

24.30

0.30

1.580

3382-003

8.00

9.50

1.50

1.641

3382-004

18.50

18.90

0.40

7.320

30.30

31.00

0.70

1.385

3382-005

65.40

66.00

0.60

1.075

66.80

67.00

0.20

1.260

3382-006

14.70

14.95

0.25

1.835

22.15

22.80

0.65

1.220

3382-007

62.20

63.75

1.55

1.085

including

63.20

63.75

0.55

3.460

89.35

90.20

0.85

2.140

3382-008

9.90

11.40

1.50

2.837

Including

9.90

10.90

1.00

3.530

39.85

40.30

0.45

1.865

50.45

51.80

1.35

1.554

Including

50.45

50.80

0.35

4.690

3382-009

7.80

8.25

0.45

3.260

14.10

14.45

0.35

2.100

15.40

16.00

0.60

1.835

Drilling Programs

  • Phase 1 completed December 2016
    • 1,004 metres in 10 drillholes
    • Major gold-bearing structure discovered at Cloonacool
  • Phase 2 planned to start Spring 2017
    • 2,000 metres in 10 holes
    • Explore structure at Cabragh
    • Test known gold-bearing structure at Cloonacool on strike and at depth.
  • Playfair is funded for Phase 2

Playfair's Goal

  • To Discover a Significant High Grade Gold Deposit in a Favourable Jurisdiction
    • Playfair is targeting a deposit similar to Dalradian Resources' Curraghinalt gold deposit in Northern Ireland.
  • To Playfair:
    • Significant means more than 3 million ounces
    • High Grade means higher than 10 gpt
    • Favourable Jurisdiction means a First World Country with established Mines and Mining Law


Management

Management and Directors

Donald G. Moore, Chief Executive Officer and Director

Mr. Moore has over 30 years of experience in the mining industry. His expertise includes organizing, restructuring, promoting and negotiating complex acquisitions and joint ventures for junior and senior mining companies. Mr. Moore is currently a director and officer of Kermode Resources.

Ricardo Ho, Chief Financial Officer

For the past 6 years Mr. Ho has been providing accounting and consulting services to the junior mining exploration industry.

D. Neil Briggs, Director

Mr. Briggs has a Bachelor of Science degree in geology from the University of Durham, England. He held a senior exploration position with Falconbridge Nickel Mines Limited, during which time he established the company's regional exploration office for the Atlantic Provinces of Canada. Starting in the early 1980's, Mr. Briggs held senior management positions with Manitoba Mineral Resources Ltd. (MMR) ultimately serving as president from 1993-1995. While at MMR, Mr. Briggs managed the company's 27% interest in the Trout Lake Joint Venture and annually negotiated the sale of MMR's share of production from the 2,500 ton per day Trout Lake Mine resulting in annual revenues of some $18 million. He also represented MMR on the Board of Tantalum Mining Corporation of Canada (Tanco), North America's only tantalum producer. Mr. Briggs is a director and officer of Kermode Resources.

Steven Chan, Director

Mr. Chan is a director of Expedition Mining Inc. and also owns and operates a private company.

Experienced Discovery Team

Andy Bowden

Discovery of the Galmoy Zinc-Lead R-Zone

Richard Parker

Discovery of the Cononish Gold Deposit in Scotland and the Tatestown Zinc Deposit in Ireland

Neil Briggs

Discovery of the Farley Lake Gold Deposits in Manitoba



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