$SUBB - Suburban Minerals Corp.
SUBB Company Description
Suburban Minerals Corp. is a development company engaged in the evaluation, acquisition and exploration of highly prospective mineral properties. The Company has an option to acquire a 100% interest in a Chilean Maritime concession located in the area known as Bahia de Lota (Lota Bay), Municipality of Lota, Concepcion province, Chile. This option is the first of what is anticipated to be a full and expanding portfolio of exploration stage mineral projects throughout South America.
Lota Bay is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The project is considered to be advanced in nature, as a resource has already been outlined and its history is well known and understood. Recovery and commercial exploitation of the coal deposit is straight forward and requires minimal investment by the Company to get it to the stage where recovery equipment and infrastructure can be mobilized and put in place.
SUBB Products and Services
$SUBB LOI to acquire a producing Diamond Mine in the Central African Republic
HENDERSON, NV--(Marketwired - Jan 7, 2014) - Suburban Minerals Corp. (OTC Pink: SUBB) announced today the signing of a letter of intent to acquire a producing Diamond Mine in the Central African Republic.
According to the letter of intent, the diamond mine will be acquired with the issuance of restricted company stock as well as carry a royalty component. The company expects to sign a definitive agreement by or before January 30, 2014. The signing of this LOI is a key milestone in changing the company's business from prospecting to producing and creating sustainable value for shareholders.
http://finance.yahoo.com/news/suburban-minera...ntentstory
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Lota Bay (Bahia de Lota) Project
Lota Bay is located in the Gulf of Arauco, in the Municipality of Lota, Concepcion Province, Chile, South America. The project is a bituminous thermal coal deposit that lies on the seafloor to a depth of 10 meters and is directly adjacent to the shoreline of the bay, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The concession is under exclusive option to Suburban Minerals, which has the right to acquire 100% of the project.
The resource, which sits on the harbor bottom, is there as a result of 145 years of dumping and spillage, in transit, of coal that was mined during the life of the nearby Lota coal mining operations, which were exhausted and shut down in the 1990’s. The initial reserve calculations in zone 1 of the concession are 275,000 proven, and 90,000 probable, tonnes of recoverable bituminous thermal coal having the following characteristics: 6700 Kcal/Kg, has less than 1% sulfur, and contains 14% ash.
Zone 1 of the concession encompasses 660,000 square meters of sea floor, where the coal rests in stratum, as well as two hectares of industrial land at the foot of the dock adjacent to the resource, where the land based coal preparation work will take place. All the necessary infrastructure is in place on the site; grid power, water, sewage disposal, highway and rail access, as well as a ready labor force from the nearby city of Lota, population 52,000.
The Lota Bay Coal Project has the support of the Chilean Government and the local community, which will benefit significantly from job creation as well as from environmental remediation and cleanup. Financial modeling shows conclusively that the recovery operation is economically viable and profitable at prevailing market coal prices and at the current proven resource level.
SUBB Key Company Management
Robert Chalmers – President & CEO
Over 30 years of experience in the management, financing and accounting of public and private companies. Mr. Chalmers has been responsible for strategic planning initiatives, ongoing operations and various aspects of corporate and financial management and administration. He also has extensive experience in public company regulatory filings and compliance in both Canada and the United States. Mr. Chalmers has completed numerous corporate financing for mining, technology, and industrial projects, encompassing a variety of structures, both domestically and internationally.
SUBB Contact Info
SUBURBAN MINERALS CORP.
871 Coronado Center Drive
Suite 200
Henderson, NV 89052
Website: http://www.suburbanminerals.com
Phone: 702-952-2817
Email: info@suburbanminerals.com
SUBB SEC Filings
http://www.otcmarkets.com/stock/SUBB/filings
SUBB Headlines
http://finance.yahoo.com/q/h?s=SUBB+Headlines
Investigate more about SUBB @ http://www.otcmarkets.com/stock/SUBB/quote for more due diligence.
SUBB Company Description
Suburban Minerals Corp. is a development company engaged in the evaluation, acquisition and exploration of highly prospective mineral properties. The Company has an option to acquire a 100% interest in a Chilean Maritime concession located in the area known as Bahia de Lota (Lota Bay), Municipality of Lota, Concepcion province, Chile. This option is the first of what is anticipated to be a full and expanding portfolio of exploration stage mineral projects throughout South America.
Lota Bay is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The project is considered to be advanced in nature, as a resource has already been outlined and its history is well known and understood. Recovery and commercial exploitation of the coal deposit is straight forward and requires minimal investment by the Company to get it to the stage where recovery equipment and infrastructure can be mobilized and put in place.
SUBB Products and Services
$SUBB LOI to acquire a producing Diamond Mine in the Central African Republic
HENDERSON, NV--(Marketwired - Jan 7, 2014) - Suburban Minerals Corp. (OTC Pink: SUBB) announced today the signing of a letter of intent to acquire a producing Diamond Mine in the Central African Republic.
According to the letter of intent, the diamond mine will be acquired with the issuance of restricted company stock as well as carry a royalty component. The company expects to sign a definitive agreement by or before January 30, 2014. The signing of this LOI is a key milestone in changing the company's business from prospecting to producing and creating sustainable value for shareholders.
http://finance.yahoo.com/news/suburban-minera...ntentstory
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Lota Bay (Bahia de Lota) Project
Lota Bay is located in the Gulf of Arauco, in the Municipality of Lota, Concepcion Province, Chile, South America. The project is a bituminous thermal coal deposit that lies on the seafloor to a depth of 10 meters and is directly adjacent to the shoreline of the bay, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The concession is under exclusive option to Suburban Minerals, which has the right to acquire 100% of the project.
The resource, which sits on the harbor bottom, is there as a result of 145 years of dumping and spillage, in transit, of coal that was mined during the life of the nearby Lota coal mining operations, which were exhausted and shut down in the 1990’s. The initial reserve calculations in zone 1 of the concession are 275,000 proven, and 90,000 probable, tonnes of recoverable bituminous thermal coal having the following characteristics: 6700 Kcal/Kg, has less than 1% sulfur, and contains 14% ash.
Zone 1 of the concession encompasses 660,000 square meters of sea floor, where the coal rests in stratum, as well as two hectares of industrial land at the foot of the dock adjacent to the resource, where the land based coal preparation work will take place. All the necessary infrastructure is in place on the site; grid power, water, sewage disposal, highway and rail access, as well as a ready labor force from the nearby city of Lota, population 52,000.
The Lota Bay Coal Project has the support of the Chilean Government and the local community, which will benefit significantly from job creation as well as from environmental remediation and cleanup. Financial modeling shows conclusively that the recovery operation is economically viable and profitable at prevailing market coal prices and at the current proven resource level.
SUBB Key Company Management
Robert Chalmers – President & CEO
Over 30 years of experience in the management, financing and accounting of public and private companies. Mr. Chalmers has been responsible for strategic planning initiatives, ongoing operations and various aspects of corporate and financial management and administration. He also has extensive experience in public company regulatory filings and compliance in both Canada and the United States. Mr. Chalmers has completed numerous corporate financing for mining, technology, and industrial projects, encompassing a variety of structures, both domestically and internationally.
SUBB Contact Info
SUBURBAN MINERALS CORP.
871 Coronado Center Drive
Suite 200
Henderson, NV 89052
Website: http://www.suburbanminerals.com
Phone: 702-952-2817
Email: info@suburbanminerals.com
SUBB SEC Filings
http://www.otcmarkets.com/stock/SUBB/filings
SUBB Headlines
http://finance.yahoo.com/q/h?s=SUBB+Headlines
Investigate more about SUBB @ http://www.otcmarkets.com/stock/SUBB/quote for more due diligence.
