2010 Mining Explorers: Hunter Dickinson Inc.

Chairman: Robert Dickinson

CEO: Ronald Thiessen

Hunter Dickinson Inc. is a Vancouver, B.C.-based private company associated with a suite of publicly-traded companies engaged in mineral exploration, development and mine operations around the world. The company’s multi-disciplinary team of some 120 financial and technical specialists provides professional services to successful mine operators and developers on four continents, with interests in gold, copper, platinum group metals, molybdenum, zinc, silver and diamonds. Hunter Dickinson Group companies featured in this magazine are Northern Dynasty Minerals Ltd., 50 percent owner of the Pebble copper-gold-molybdenum project in Southwest Alaska; and Heatherdale Resources Ltd., a mineral exploration and development company focused on expanding the Niblack copper-gold-zinc-silver project in Southeast Alaska. Hunter Dickinson is itself involved in exploring the Delta project, a precious metal-rich volcanogenic massive sulfide project in the eastern Alaska Range about 36 miles, or 58 kilometers southwest of Tok. The company optioned the Interior Alaska VMS property through a joint venture with Grayd Resource Corp.

A key part of the venture was expanding the property to 61 square miles, or 158 square kilometers, by staking 238 mining claims. Hunter Dickinson will hold a 60 percent interest in a limited liability company formed for the Delta joint venture by reimbursing Grayd for staking the additional claims and funding US$3 million in exploration by the end of 2012. Following the initial earn-in, Hunter Dickinson has the option to acquire Grayd’s 40 percent in the joint venture company. Over the past three-and-a-half decades the Delta project has been traversed by geologists representing a bevy of mining companies investigating the promising VMS mineralization known to exist. This exploration, which includes 23,711 meters of drilling, has discovered 40 mineral occurrences on the property. Based on the core drilling, an NI 43-101-compliant inferred resource of 15.4 million metric tons grading 1.7g/t gold, 62g/t silver, 3.8 percent zinc, 1.7 percent lead, and 0.6 percent copper has been calculated for the project. Re-examining and re-interpreting this disjointed data was the first task for Hunter Dickinson’s geological team. “There is opportunity there to establish some continuity in the high-grade resources that the (Delta) project is known for. There is precious metal enhancement in the system, and we look forward to moving the project forward and developing on those resources,” Lena Brommeland, the interim manager of the Delta project, told Mining News. The privately-held company decided the best way to utilize and expand the historical data is to fly a 725-line-kilometer versatile time-domain electromagnetic survey over the entire property. The response the VTEM survey returns over areas of known mineralization will provide a geophysical signature that Hunter Dickinson geologists can use to delineate targets for a drill program expected to start in 2011. “We have done some forward modeling with the geophysics and we feel pretty comfortable that the VTEM survey is going to give us some really good drill targets,” Brommeland said during an Aug. 20 interview.

1020-800 West Pender St. • Vancouver, BC Canada V6C 2V6

Tel: 604-684-6365 • Fax: 604-684-8092

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