The Cortellazzi Consortium

September 23, 2007

The Facilitators – Part 2

Filed under: Uncategorized — 18montecristo67 @ 8:45 pm

Having reviewed the Izza Minerals Inc. (31 July 2007) report it is time to move on to the InnovExplo reports of M45 Mining (8 June 2007) and He-5 Resources (24 July 2007).

Both are written by the same geologists for the same map areas (32F12 and 32F13) and during the same time frame.

M45 Mining

Interestingly, the earlier M45 Mining report has missing pages. The missing pages (pages 42 -47) are the list of 61 mining claims owned by the parties indicated in the report.

The report states InnovExplo was mandated by the ever-present Jean-Claude Dentinger, now a representative of M45 Mining:

” InnovExplo was mandated in March 2007 by Jean-Claude Dentinger, representative of M45 Mining Resources Inc., to complete an evaluation of the project and a Technical Report in compliance with Regulation 43-101 and Form 43-101F1 on the West Wind property situated in Matagami, Québec, Canada. M45 Mining Resources Inc. is an American mining exploration company and is dually quoted on the Pink Sheets Stock Exchange and OTC Bulletin Board Other OTC BB:MRES.OB). InnovExplo is an independent Consulting Firm in Mines and exploration based in Val-d’Or (Québec).”

Once again, Mr. Marcel Roy has claims registered in his name:

Claim status was supplied by Jean-Claude Dentinger, representative of M45 Mining
Resources Inc., and verified using GESTIM, the Québec government claims management system from the “Ministère des Ressources Naturelles, de la Faune et des Parcs”, accessible through the internet at the following address: ” http://gestim.mines.gouv.qc.ca “.

The West Wind property owned by M45 Mining Resources Inc. (formerly known as Quantitative Method Corporation) represents an area of 1,368.35 hectares (61 claims; purple outline in Figure 4.2). In GESTIM, sixty-one (61) mining titles (51 claims for 811.19 hectares and 10 cells for 557.16 hectares totalling 1368.35 hectares) are registered 100% to Quantitative Methods Corporation. According to Jean-Claude Dentinger, representative of M45 Mining Resources Inc., all these mining titles are without any royalties attached. On the West Wind property, thirty-two (39) other mining titles (15 cells for 835.5 hectares and 24 claims for 363.37 hectares totalling 1198.87 hectares) are owned HE-5 Resources Corporation. In GESTIM, thirty-two (32) mining titles (24 claims for 363.37 hectares and 8 cells for 445.6 hectares totalling 808.97 hectares) are registered 100% to Ressources Minières Andreane inc. and seven (7) cells (389.9 hectares) are currently registered 100% to Marcel Roy. According to Jean-Claude Dentinger, also representative of HE-5 Resources Corporation, all these mining titles are presently under transfer to HE-5 Resources Corporation without any royalties attached. HE-5 Resources Corporation mining titles are illustrated with a grey outline in Figure 4.2.

There is no known land claim or ownership dispute with the West Wind property. It should be noted that the West Wind property has two owners (HE-5 Resources Corporation and M45 Mining Resources Inc).

According to Jean-Claude Dentinger, also representative of M45 Mining Resources Inc, exploration programs on the West Wind property may be jointly conducted with M45 Mining Resources Inc.

The entire West Wind property (M45 Mining Resources Inc and HE-5 Resources Corporation) represents an area of 2,567.22 hectares (one hundred (100) mining titles). Ninety-four (94) mining titles are contiguous and cover a surface area of 2,242.96 hectares. Six (6) mining titles are isolated from the main group of claims and represent an area of 324.26 hectares (Figure 4.2). Detailed list of mining titles, ownership and their expiration date is provided in Appendix II”

The contact person for He-5 Resources in GESTIM is non other than the ever-present Marcel Roy.

Searching GESTIM may have proven somewhat challenging for the geologists since the company was identified as He 5 Mining Corporation and not He-5 Resources Inc. :

Number : 80024
Name : HE 5 Mining corporation inc.
Category : Legal Person
Status : Active
Address : Marcel Roy 2533 North Carson Street, Suite 1934
Town : Carson City
Postal Code : 89706
State : Nevada
Country : États-Unis

Mr. Roy also appears in GESTIM for M45 Mining, shares the same address as Exploration Miniere Grenville Inc. and appears as the contact person for UMining:

Number : 93860
Name : EXPLORATION MINIÈRE GRENVILLE INC
Category : Legal Person
Status : Active
Address : 2277 DE NEPTUNE
Town : Québec
Postal Code : G2E 6A3
State : Québec
Country : Canada

Number : 82360
Last Name : Roy
First Name : Marcel
Category : Natural Person
Status : Active
Address : 2277, rue du Neptune, Québec, ( Québec )
Town : Québec
Postal Code : G2E 6A3
State : Québec
Country : Canada

Number : 80336
Name : U Mining Resources Inc
Category : Legal Person
Status : Active
Address : c/o Marcel Roy 6445 South Chickasaw trail Suite 139
Town : Orlando
Postal Code : 32829
State : Floride
Country : États-Unis

The same day the M45 Mining report had been signed off by the geologists, claims had been transfered from Jean Claude Dentinger to He-5 Resources.
He-5 Resources Inc.

Curiously,the He-5 Resources report which is for the same area and 73 claims titles (just a few more titles than the M45 report) was issued much later on 24 July 2007.

The report identifies Mr. Dentinger as the He-5 Representative and owner of some of the claims along with He-5 Resources:

“In GESTIM, thirty-two (39) mining titles (24 claims for 363.37 hectares and 15 cells for 835.50
hectares totalling 1 198.87 hectares) are registered 100% to HE-5 Resources Corporation and
thirty-three (33) mining titles (25 claims for 372.84 hectares and 8 cells for 444.63 hectares totalling 817.47 hectares) are currently registered to Jean-Claude Dentinger. According to Jean-Claude Dentinger, representative of HE-5 Resources Corporation, all mining titles owned by Jean-Claude Dentinger are presently under transfer to HE-5 Resources Corporation without any royalties attached. There is no known land claim or ownership dispute with the Phoenix
property. “

Interestingly, the claim status was once again provided by Mr. Dentinger:

Claim status was supplied by Jean-Claude Dentinger, representative of HE-5 Resources corporation, and verified using GESTIM, the Québec government claims managements system from the “Ministère des Ressources Naturelles, de la Faune et des Parcs”, accessible through the internet at the following address: ” http://gestim.mines.gouv.qc.ca “.

The Phoenix property owned by HE-5 Resources Corporation represents an area of 2,026.24 hectares (73 mining titles; Figures 4.2 and 4.3). Fifty-six (56) mining titles are contiguous and over a surface area of 1,442.23 hectares. Seventeen (17) mining titles are isolated from the main group of claims and represent an area of 57.11 hectares.

In GESTIM, thirty-two (39) mining titles (24 claims for 363.37 hectares and 15 cells for 835.50 hectares totalling 1 198.87 hectares) are registered 100% to HE-5 Resources Corporation
and thirty-three (33) mining titles (25 claims for 372.84 hectares and 8 cells for 444.63 hectares totalling 817.47 hectares) are currently registered to Jean-Claude Dentinger. Detailed list of mining titles, ownership and their expiration date is provided in Appendix II. According to Jean-Claude Dentinger, representative of HE-5 Resources Corporation, all mining titles owned by Jean-Claude Dentinger are presently under transfer to HE-5 Resources Corporation without any royalties attached (copies of claim transfer form are provided in Appendix III). There is no known land claim or ownership dispute with the Phoenix property.

One claim was still pending at the time of this report. The claim (CL5275054) in Figure 4.3 was claimed in July 15, 2007 by Pierre Gervais of Services Exploration Enr. This claim is not registered yet in GESTIM (copies of notice of staking are provided in Appendix IV). “

Comparison

This being said, both reports do bear a striking resemblance to one another in location:

He-5 Resources, Page 20:

“The Phoenix property is located on the fringe of the Watson Lake Group which hosts several massive sulphide deposits in the Matagami mining camp. Recent exploration works performed by Donner Metals Ltd and Xstrata Zinc in the Matagami camp illustrated the potential for new discoveries west of that fringe. The revised geological model proposed by Donner Metals Ltd and Xstrata Zinc corresponds to a structural dome bringing the favorable units near surface or at surface (Figure 19.1). Thus, the favourable interface (Key Tuffite) between the Watson Lake Group and the Wabassee Group may be located beneath the Wabassee Group in the Phoenix property area. ”

M45 Mining , Page 30:

“The West Wind property is located on the fringe of the Watson Lake Group which hosts several massive sulphide deposits in the Matagami mining camp. Recent exploration works performed by Donner Metals Ltd and Xstrata Zinc in the Matagami camp illustrated the potential for new discoveries west of that fringe. The revised geological model proposed by Donner Metals Ltd and Xstrata Zinc corresponds to a structural dome bringing the favorable units near surface or at surface (Figure 19.1). Thus, the favourable interface (Key Tuffite) between the Watson Lake Group and the Wabassee Group may be located beneath the Wabassee Group in the West Wind property area. “

In the recommended conclusions, the location is the same, only a modest number of claims and the costing figures have changed :

M45 Mining, Page 32:

“InnovExplo recommends therefore a major exploration program on the West Wind property. InnovExplo stated that the character of the property is of sufficient merit to justify the recommended program.

The West Wind property owned by M45 Mining Resources Inc represents sixty-one (61) claims (purple outline in Figures 4.2 and 19.3). Thirty-nine (39) other mining titles are owned by HE-5
Resources Corporation (grey outline in Figures 4.2 and 19.3). According to Jean-Claude Dentinger, representative of both M45 Mining Resources Inc and HE-5 Resources Corporation, exploration programs on the West Wind property may be jointly conducted with HE-5 Resources Corporation.

The recommended exploration program has been divided into two (2) phases. The second phase of the program is conditional to the success of the first phase. Phase 1 has been estimated at $815,350 and Phase 2 at $1,850,350, totalizing $2,665,700.

The recommended program is described below. Detailed budgets are presented in Tables 20.1 and 20.2.

InnovExplo recommends a 4,400-m drilling campaign in the first phase of the program with two
main objectives:

(i) test the Wabassee / Watson Lake contact (Key Tuffite) at depth and other potential horizons located at upper levels with two (2) drill holes (1,200m each) in the eastern and western parts of West Wind property where magnetic anomalies “C” and “E” are located;

(ii) test other magnetic anomalies (“A”, “B”, “D” and “F” anomalies) with shorter drill
holes (400m to 500m each)”

He- 5 Resources, Page 34:

“InnovExplo recommends therefore a major exploration program on the Phoenix property. InnovExplo stated that the character of the property is of sufficient merit to justify the recommended program.

The recommended exploration program has been divided into two (2) phases. The second phase of the program is conditional to the success of the first phase. Phase 1 has been estimated at $315,514 and Phase 2 at $608,350 totalizing $923,864.

The recommended program is described below. Detailed budgets are presented in Tables 20.1 and 20.2.

InnovExplo recommends a 1,700-m drilling campaign in the first phase of the program with two
main objectives:

– test the Wabassee / Watson Lake contact (Key Tuffite) at depth and other potential horizons located at upper levels with one (1) drill hole (1,200m) on Phoenix property where magnetic anomaly “E” is located;

– test other magnetic anomaly (“F” anomaly) with a shorter drill hole (400m to 500m).

It appears that both reports discuss the same claims properties.

Interestingly, the firm of geologists who prepared both reports is the same recently chosen by Andrea Cortellazzi to supervise the M45 Mining drilling program which has been costed at 2.8 million dollars.

In a 30 June 2007 SEC filing, M45 Mining stated it had no revenues and it appears that significant private placements may have taken place and with the significant increase in authorized shares on 15 August 2007 (recently filed with the SEC on 18 Sept 2007) solicitation of shareholders will be undertaken:

“Overview

Business of Issuer

M45 Mining Resources Inc.’s new strategy is focused on building shareholder value through the exploration and development of mineral claims, particularly in the Matagami Mining Camp located in Quebec, Canada. The Matagami Mining Camp is known for its zinc-rich massive sulphide deposits. Initial exploratory work in the Camp can be traced back to the 1930’s with Noranda’s activities in the region. Ten of the eighteen deposits discovered to date have been mined and have produced a total of 3.9 Mt zinc and 0.4 Mt copper.

M45 Management believes that there are likely one or more deposits situated within the limits of the Claims due to the fact that the property is located near past producers and existing deposits.

Management has commenced its first phase exploration program in early April and conducted full surveying and NI-43-101 to determine the location of potential deposits. On June 7, 2007, the company received final results of the NI-43-101 reports confirming the presence of deposits. The Company intends to initiate a massive drilling program as per the geologist’s recommendation, which is contained in the report. The drilling program cost will represent a total of $2.8 million Canadian dollars.

Management is currently negotiating a financing agreement with the New-York based investment broker firm “Lions Partners.” The agreement combines a $3.0 million loan to cover for the drilling program costs to be completed by end of January 2008, and a private equity placement of $2.0 million. Management forecasts a closing by end of August 2007.

The Company expects to encounter intense competition in its efforts to become a leader in mining exploration. Many large and small companies compete in this intense market. The principal means of competition vary among categories and business groups; however, the value of the territories is certainly to be taken into consideration. The competing entities will have significantly greater experience, financial resources, facilities, contacts and managerial expertise, than the Company.

Results of Operation

From April 1 to August 15, 2007 the Company had no revenues. The Company has hired an external geologist firm to conduct geologic reports NI-43-101 on its Matagami property for an approximate cost of $50,000. The Company also incurred operation costs related to completing marketing material such as; Logo’s Web site, summaries and other corporate presentation material. M45 has started to pay rent and common shared expenses as of April 1, 2007; the agreement is for rent, telephone, utilities and other operation support cost at a set price of $3,500 a month. The Company also incurred expenses to cover for legal fees, filing expenses, press releases, traveling expenses, representation costs, mailings, research costs, and various operational costs. These above mentioned costs represent an approximate total of $150,000 and were paid by a control personnel and will be treated and reported as an advance from shareholder in the first quarter of fiscal year 2007. The shareholder agreed to continue to support operational costs until the Company can generate revenues from financing activities and or from commercial operations.”

SEC filing of 18 Sept 2007:

This Information Statement is furnished to holders of shares of common stock, $0.001 par value (the “Common Stock”), of M45 Mining Resources Inc. (the “Company”) to notify such stockholders that on or about August 15, 2007, the Company received written consents in lieu of a meeting of stockholders from holders of a majority of the shares of Common Stock representing in excess of 50.1 % of the total issued and outstanding shares of voting stock of the Company (the “Majority Stockholders”) approving the Certificate of Amendment to increase in the number of authorized shares to 55,000,000 shares of common stock, with a par value of $0.0001. (the “Share Increase”).

M45 MINING RESOURCES INC.’s Articles of Incorporation, as currently in effect, authorizes M45 MINING RESOURCES INC. to issue up to 10,000,000 shares of common stock, par value $0.0001 per share. The Board of Directors has proposed an increase in the number of authorized shares of the common stock of M45 MINING RESOURCES INC.. Upon the approval by the consenting shareholders holding a majority of the outstanding voting securities and then the filing of the Amended Articles of Incorporation, M45 MINING RESOURCES INC. will be authorized to issue a total of 55,000,000 shares of common stock with a par value of $0.0001.

Conclusion

Appearance: Two reports, two sets of claims, apparently independent companies, two expensive drilling programs.

Reality: One report, one set of shared claims, two sources of funding.

Part 2/3

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