Profile
The Company
D’Arianne Resources Inc. is a Quebec mining exploration company founded in 1997. The company became public in February 27, 2003 following a Reverse Take-Over exercise on Bruneau Minerals Inc. It has been quoted on the TSX Venture (Toronto, Canada) since February 28, 2003 and its shares trade under the symbol DAR.
Until 2004, the company was primarily interested in industrial minerals. It holds variable interests in different titaniferous properties in Quebec as well as in a quartzite deposit (Boileau, Qc.). Today, its primary sector of activity centers on auriferous and/or uraniferous exploration.
The capital stock consists of an unlimited number of common shares without par value, of which 53,284,875 were issued and outstanding as at December 31, 2006
Corporate activities
The Company’s activities consist in acquiring, exploring and developing auriferous and/or uraniferous mining properties located principally in the James Bay and Abitibi area.
The price of gold and uranium, having strengthened over the last three years, has permitted the exploration of new territories and/or the development of known deposits. Historically speaking, north western Québec, principally in Abitibi, has produced numerous gold mines.
The James Bay area and the environment of the Opinaca reservoir contain numerous mineralized showings despite the low level of previous exploration done in the area. In addition to these showings, the area includes the Clear Water deposit (Eastmain Resources; 990,000 ounces of gold, March 3, 2005 press release), the Roberto/Eleonore discovery (Goldcorp/Virginia; resources not yet determined) as well as the Eastmain Mine deposit (Campbell Resources; 255,750 ounces of gold, 2004 Annual report). The presences of these numerous deposits and showings have many observers believe in the birth of a new mining camp in Canada.
The recent acquisition in this area by Goldcorp, the existence of gold deposits and the presence of many other exploration companies suggests the emergence of a new mining camp.
In the event of a major discovery, the Company’s development strategy is to join forces with other experienced mining companies in resource development.
Quality Control
D’Arianne Resources has set up a program to control and assure the analytic quality of gold exploration. Assay samples, coming from core halves varying in length from 0.5 to 1.5 meter are sent for assaying in certified laboratories.
Samples are usually assayed by fire-assay followed by atomic absorption or gravimetry according to industry standards.
Follow up on exploration programs is carried out by qualified person, as defined by National Instrument 43-101. For more information on our control and assurance analytic quality program, do not hesitate to contact Mr. Bernard Lapointe qualified person for d’Arianne Resources.
Boards of direction
Mr. Lapointe (Director and President) holds a B.A. in Geology from the Universite du Québec in Montréal (1980), a Masters degree in structural geology from the Universite du Québec in Chicoutimi (1984) and a PhD in mineral resources from the Universite du Québec in Chicoutimi (1996). He is currently CEO of d’Arianne Resources inc., a public issuer. Previously, he was Director of the Saguenay-Lac-Saint-Jean Mining Fund from 1993 to 1998. From 1988 to 1993, he acted as a geochemist analyst for the Centre for Research in Mineral Resources of the Universite du Québec in Chicoutimi. From 1980 to 1987, he was a consultant for different mining exploration companies and for the Department of Natural Resources. While working for the Department, he discovered the gold showings West of Schefferville, for which he won an award in 1986. He also did an internship at the Institut National de la Recherche Scientifique (INRS-Géoressources). Mr. Lapointe has also been teaching since 1981 and has been published on numerous occasions.
Norman Forrest (Director and Strategic Consultant) is an MBA graduate from Concordia University and specializes in sales and marketing. Mr Forrest is currently a sales and marketing consultant and during his career, he held sales executive and account manager positions with companies in the telecommunications and high-tech industries such as Advanced Fibre Communications, GN Nettest, Computer Network Technologies, Bay Networks and Motorola Information Systems.
Me Denis Belisle (Director and Secretary) was received at the Québec Bar in 1984. Since then, he has held various management positions with different organizations. Since 1996, he is the General Manager of the legal department, Human Resources and Secretary-General of Tele-Quebec. He has been an administrator of the company since 2001.
Serge Servant (Director) is a mining contractor who has owned and operated drilling companies. He is currently CEO of Forages Nordic de Val d’Or (Nordic Drilling of Val d’Or).
Luc Boivin (Director) studied in administration at the University of Québec in Chicoutimi and is currently vice-president of finances and marketing of Fromagerie Boivin (Boivin Cheesemakers), a regional leader in milk processing. He is also the chairman of the Technologie Biolactis Inc. (Biolactis Technologies Inc.) board of directors, a young business developing whey processing. M. Boivin also serves on different boards of directors including Promotion Saguenay.
Alain Vachon (Director) is a geologist with more than 30 years of experience in the mining industry. He has worked for Exploration Noranda, Barrick and with Rouyn Mining Resources where he was chief geologist of mining operations. During the last 12 years, he worked mainly in Peru with Sulliden, Gold Hawk and Paramount Gold where he acquired a solid experience in low and high sulphidation, skarn and porphyry epithermal deposits and, where he also developed an extensive network of international contacts.
Lucie Hébert (CFO) got a degree in accounting from Université du Québec in Chicoutimi and is a member of the “Ordre des comptables agréés du Québec” since 1982. In private practice for over twenty-five years as controller and expert-accountant, she held many mandates in public companies such Domtar. She also has been auditor for 10 years in the field of social affairs and worked with several clients in the field of mineral exploration.
Guidelines on corporate governance
Our Corporate governance rules aim at allowing each authority of the Company to fully assume their role and act in the best interest of all the shareholders.
The management of the Company is supervised by a Board of Directors (the “Board”) composed in majority of unrelated directors.
Mandate of the Board
The mandate of the Board is to supervise the management of the business and affairs of the Company. It monitors the manner in which the Company conducts its business as well as the senior management.
Composition of the Board
The Board is composed of five members. Of this number, one, the Secretary, is an officer of the Company and, as such, is considered to be related director. All other members of the Board are considered unrelated directors.
Audit Committee
The Audit Committee consists of three directors who are unrelated. All members of the committee are financially literate and one member is designated as a financial expert. This committee has the general mandate to review and, if deemed appropriate, recommend the approval of the Company’s annual and quarterly financial statements. With respect to the external auditors, the committee ensures that they remain independent of management.
Board's Expectations of Management
The Board expects management to assume responsibility for the day-to-day operations of the Company while conforming to the strategic plan, exploration budget and various corporate policies approved by the Board. The Board’s main expectation of management is that it will act with a view to the best interests of the Company and ensure long-term enhancement of shareholder value.
