After a long period of preparation, the Canadian subsidiary "SBI Sons of Bavaria Investment Canada Ltd" was founded. The new company entered into an earn-in agreement with the well-known Canadian prospector Perry MacKinnon in Nova Scotia on March 1, 2020. The agreement enables SBI-Canada to acquire up to 100% of the shares in two ore deposits in Nova Scotia over the next four years.
94 Claims, 1521 Hectares, 5 km of Strike length
Up to 3% Cobalt and 3% Bismuth plus Cu-Pb-Zn-Ag-Sn
The Copper Lake-Oceanview claims in Cape Breton, Nova Scotia, are 100% owned by 3302051 Nova Scotia Limited, which is 100% owned by Perry MacKinnon. The property consists of four licences, 51188, 51189, 52127 and 52181, which contain a total of 94 claims.
Access is very good throughout the property via a network of good quality forestry roads. Much of the area has been recently deforested. The claims are 75% on Provincial Crown Property, 25% on private property.
Approximately 50 diamond drill holes (90 metres maximum vertical depth) have tested the area, spanning over 5 kilometres, most on the Copper Lake (French Road) showing, as well as the Oceanview showing. Exploration focussed on copper mineralization, which occurs in association with cobalt, bismuth, zinc, arsenic, lead, tin and silver in a (polymetallic) skarn. Enclosing the skarn are a variety of siltstones, shale and mudstone, bounded to the east by Precambrian volcanics, similar to those hosting the Stirling VMS deposit, some 28 kilometres to the southwest. The Deep Cove molybdenum deposit, approximately 5 kilometres to the east, is hosted by a felsic intrusive within the volcanics.
SBI - Sons of Bavaria Investment AG - is committed to bridging the gap between metal mining operations and metal-processing operations by way of fractional mine ownernship. SBI will be exploring mineral deposits in Australia and Canada to gain direct access to future mining operations. In addition, SBI will explore options to enter into partnerships with existing mining operations in Australia and Canada to gain access to a steady flow of metals and minerals.
By building a broad base of shareholders from all areas of metal processing activity and by working closely with European metal processors, SBI AG will accumulate sufficient capital to attain significant stakes in mineral mining and exploration projects. While the shareholders profit from the margin gained by successfully developing mineral projects, SBI AG will also be able to ensure that the produced material will be delivered to European metal processors.
SBI will be cooperating with the Hongkong Mercantile Exchange and the London Metal Exchange to make sure all deliveries comply with standard good delivery terms. SBI will be focusing on sustainable production and environmentally benign mining methods. SBI will be respecting local stakeholders interests in mining activities, community building, and continuous capacity building and training opportunities with respect to the local work force.
By following through on the above outlined commitment, SBI intends to contribute to securing Europe‘s future supply of raw materials and therefore support European metal processors as well as the European High-Tech industry in minimizing future supply risks.