With five publicly traded companies, and numerous deposit projects, The Waterfront Mining Group is poised to make a sizable impact in the metals industry in the years ahead.

Headed by Douglas Mason, Chairman, and Ron Coombes, CEO and President, the Waterfront Mining Group is a unique animal in the industry. Each company is focused on specific projects, taking on only a few at a time so that they get the planning and expertise needed to optimize their potential. One company is even focused on acquiring different properties. “The thought behind that is that the public company won’t suffer any dilution, and it will maximize its potential by simply acquiring properties with merit,” explained Ron A. Coombes, President. “It’s a bit of a novel approach for an exploration company, but we believe it works.”

Storie Molybdenum Deposit

A significant project for Columbia Yukon Explorations Inc., a Waterfront Mining Group company, is a substantial molybdenum deposit located near the former townsite of Cassiar, in northern British Columbia. “The Storie Deposit currently stands at about 150 million tonnes measured and indicated,” said Coombes. “And it has a further inferred resource of about 50 million tonnes as well.” Coombes believes that the project has the potential to become even much larger than it already is. If this is proven out by Columbia Yukon, the Storie project could be one of the largest primary molybdenum deposits in Canada.

Molybdenum sulphide in blue

“We have about $3.0 million and are comfortably financed for the time being,” said Coombes. Added to its financial stability, in the past year, Columbia Yukon’s insiders and associated parties substantially increased their share positions by purchasing shares from the marketplace.  As a result, the Company’s current insider group position is generously above 25 percent. And that’s just for Columbia Yukon. The Waterfront Mining Group shares many common directors and officers who feel strongly about maintaining a significant insider position in its companies.  Moving forward, Columbia Yukon is underway in its efforts to complete the necessary administrative steps to acquire permits in order to bring the Storie deposit to fruition.

“The Government of Canada and the British Columbia provincial government have most recently announced (September 16, 2009) the go-ahead for Northwest Transmission Line project on Highway 37,” said Coombes. “It’s going to be one of the largest energy projects that the British Columbia government has invested in during the last 20 years.” The Federal government has also committed to the project. Funding is reported to be in place; and required environmental studies have begun. “This project is not only beneficial to the development of Columbia Yukon’s Storie project, but will significantly enhance mining and greener energy opportunities in the northern part of BC,” added Coombes. “We’re all very pleased that the Northwest Transmission Line project has the financial commitment of the Federal government and is now moving forward.”

Another member of the Waterfront Mining Group, White Tiger Mining Corp., may be young, but it is poised and ready to start acquiring projects. “We recently acquired a significant interest (51%) in the “Norton Lake” property south of the “Ring of Fire” in Ontario through East West Resource Corporation, and its joint venture party, Cascadia International Resources Inc.,” said Coombes.  East West Resource Corporation being another member of the Waterfront Mining Group.  “Historical core drilling has successfully delineated a Measured and Indicated NI 43-101 compliant resource of 2.258 million tones containing nickel-copper-cobalt and credits of PGE (platinum group elements).” According to Coombes, it’s too small to be called a deposit as of yet, but he firmly believes that it is well on its way.

Geophysicist Bob Middleton agrees. “The deposit is full of nickel and copper, with credits of cobalt and platinum/palladium,” he said. “There’s a unique phenomenon going on within the deposit in which the platinum/palladium ratio actually changes; down the central core, the platinum exceeds the palladium three to one, but outside of that, on the margins of the deposit, it’s the palladium that exceeds the platinum, three to one.”   On the basis of geophysical surveys and exploration drilling, the deposit is open to the southwest, northeast and to depth, and other geophysical targets occur along an 11km strike length.

The plan, according to Middleton, is to drill within the property, beneath the holes that have already been drilled. “We plan to do some down hole geophysics on the existing holes to plan the next phase of drilling,” he explained. In order to do further drilling, a financing is now being proposed for White Tiger. Drilling during the winter would be easier and more financially viable than drilling in the summertime. “If we go there in the summer, we have to land on floats on another lake and then use helicopters to move equipment around,” said Middleton. “Winter operations are actually more favorable in terms of getting supplies in and out.”

“We will have a better feel for the White Tiger project after the next round of drilling,” said Coombes. “We should have a better understanding of how large the potential of the ore body is going to be”.

The Seagull Platinum Project

Black Panther Mining Corp. is yet another up-and-coming company in the Waterfront Mining Group. “Black Panther has embarked on the “Seagull” platinum project, easily accessible via road and about 85 kilometers north of Thunder Bay,” said Middleton.  “We’ve found three horizons of fine grained nickel-copper sulfides that are sort of placed like layers, and they contained elevated platinum and palladium values.  In addition, there is very high osmium. It’s a one to one ratio of platinum to palladium, so as a result, because of the value of platinum-silver at $1,280 an ounce now, 60 percent of the value in the rock is actually because of the platinum. Palladium has a value of about $300 an ounce.”

In addition, Black Panther has a second project in Labrador on the “1506” property. “We’ve come a long way since the J/V partner initially began exploration in the mid 90’s,” said Coombes. Black Panther performed an airborne VTEM survey in 2008 with a follow up Horizontal Loop Electromagnetic (HLEM) and down hole Mise-a-Masse ground geophysics program in 2009 to further define possible drill targets for its planned 2010 drill program.  “The geophysics programs were hugely successful in identifying a number of very strong anomalies and the planning for next year’s drill program is already underway.  There’s lots of excitement for the near future and we’ll just have to wait and see what our drilling is going to potentially produce for us.”

The fifth member of the Waterfront Mining Group is International Bethlehem Mining Corp.  Recently the Company announced that planning is underway for a further phase two exploration program for the 210 claim unit “Eva Kitto” Property located near the town of Beardmore, Ontario.   Under the Company’s option agreement with East West Resource Corporation, International Bethlehem is required to spend $500,000 in exploration expenditures on the Property by Juen 2010 in order to acquire its initial 30% interest, and the Company has the right to earn up to a 51%, 60% and 75% interest, respectively, by incurring additional exploration expenditures. “The Eva Kitto property covers an area over a 10Km diameter ultramific intrusion and the exploration focus is on the highly prospective feeder dikes, since they are generally known to be associated with platinum group elements (PGE) discoveries as recently discovered north of Thunder Bay and south of the Seagull intrusion,” said Bob Middleton.

The Waterfront Mining Group has certainly been busy. With five different companies and numerous advanced projects, things don’t seem to be slowing down any time soon. “We’re pretty fortunate in that we have the in-house expertise to run a group of exploration companies,” said Coombes. “Although we have a lot on the table, we have geology, engineering, GIS and administration, complemented by experienced senior management, all under one roof.”  The projects mentioned are just a handful of what the Waterfront Mining Group has in store for the upcoming months. “As a group, we’ve assembled some of the best companies and people in the industry,” added Coombes. “It’s all about size and economics so, you know, we’ve got the expertise to move any one of our projects forward to become a success story.”

For more information:

http://www.waterfrontgroup.com

This publication includes certain statements that may be deemed “forward-looking statements”.  All statements, other than statements of historical facts, that address such matters as future exploration, drilling, exploration activities, potential mineralization and resources and events or developments that the Company expects, are forward looking statements and, as such, are subject to risks, uncertainties and other factors of which are beyond the reasonable control of the Company.