Company History
Mission Statement
BRDC is a mineral exploration company headquartered in Montreal, Quebec. BRDC's principal activities are the acquisition, exploration and the development of mineral resources properties.
Three Year History
BRDC was founded by Kevin Scott Cool, land surveyor, and Brian Polk, prospector, from Timmins, Ontario, in 1999; it was continued under the Canada Business Corporations Act in 2003. Prior to its continuance, it was a private exploration company owned at 36% by Moose Mining Group Inc. (“Moose Mining”), a private exploration company incorporated in Ontario and itself owned at 60% by Rheal Cool, from Moosonee, and at 40% by other individuals. Moose Mining’s interest in BRDC was acquired by AntOro Resources Inc. (“AntOro”) in exchange for common shares of AntOro.
Since its incorporation in 1999, BRDC undertook to acquire a pool of mining properties and interests in Ontario, the whole as described hereinafter. In order to finance the acquisition of such properties or interests, BRDC proceeded to finance exploration programs.
BRDC Today
Big Red Diamond Corporation/Corporation Big Red Diamond (“BRDC” or the “Corporation”) is a development stage company engaged in the acquisition and exploration of mining properties in the province of Ontario, Canada.
It currently holds an interest in forteen (14) properties or group of properties and a 16% interest in a portfolio of properties in the Attawapiskat area of Ontario in joint-venture with Kel-Ex Development Ltd. ( “KED”).
The properties are the Attawapiskat Joint-Venture properties, Valentine, Attawapiskat Gravel, Munro, Black, Lee, Tolstoi, Hemlo Diamonds, Foleyet, Bristol, Frederike, Andy Lake, Maro and Strategis.
The Corporation is a reporting issuer in Quebec, Ontario, British Columbia and Alberta and trades on the TSX Venture Exchange under the symbol “DIA”
Signifigant Transactions
BRDC-KED Joint Venture
The Issuer entered into a joint venture agreement on May 10, 2001, amended and restated on December 3, 2002, with KED, a privately owned mining exploration company registered in British-Columbia and controlled by Mr. Charles Fipke (the “BRDC-KED Joint Venture Agreement” or the “BRDC-KED Joint Venture”). The purpose of this agreement was to stake additional claims to those already held by the Issuer, i.e. 58 claims, which BRDC transferred in the joint venture and the partners agreed to stake additional claims; 94 claims were staked subsequent to the signing of the BRDC-KED Joint Venture Agreement, covering approximately 23,000 ha in the Attawapiskat area, in North-Eastern Ontario. A further 32 claims were staked following a 21,000 line kilometre airborne magnetometer survey, bringing, at the time, the total area in the BRDC-KED Joint Venture to 76,500 ha (the “Attawapiskat Property”).
Dumont Nickel Joint Venture Agreement
KED and Dumont Nickel Inc. (“Dumont”), a publicly traded mining company, signed a joint venture agreement on January 27th, 2003 (the “Dumont Joint Venture Agreement”), granting, according to BRDC, the BRDC-KED Joint Venture the right to acquire claims held by Dumont (the “Dumont Claims”) in the area immediately surrounding the Attawapiskat cluster. The Dumont Claims surrounding the Attawapiskat cluster consist of 106 claims for a total of 221 km squared.
