Description
Pencari Mining's strategic focus is on uranium and gold projects. Pencari has taken this focus to Madagascar, where there are abundant unexplored opportunities. Pencari controls 5 gold properties totalling 4,788.5 square kilometres and 8 uranium properties totalling 27,518.75 square kilometres. Pencari's total land position in the central, western, and southern regions of Madagascar that are prospective for gold and uranium is 32,307.25 square kilometres. Pencari continues to look for additional opportunities. In addition, Pencari has a 90% interest in a joint venture on the Pani property, Indonesia.
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Company Statement:
Pencari Mining Corporation is an exploration and development company traded on the TSX Venture Exchange (symbol: PMC) headquartered in Vancouver, B.C., Canada. Pencari's strategic focus is on uranium and gold projects. Pencari has taken this focus to Madagascar, where there are abundant unexplored opportunities. Pencari controls 5 gold properties totalling 4,788.5 square kilometres and 8 uranium properties totalling 27,518.75 square kilometres. Pencari's total land position in the central, western, and southern regions of Madagascar that are prospective for gold and uranium is 32,307.25 square kilometres. Pencari continues to look for additional opportunities. In addition, Pencari has a 90% interest in a joint venture on the Pani property, Indonesia.

Current Operations:
MADAGASCAR

The Projects (click each project name for more details)
Northern Morondava Basin Uranium Property
INDONESIA
The Pani Property currently hosts a resource of 527,868 ounces of gold with excellent upside for +1,000,000 ounces. The current zones of mineralization are open at depth and along strike. The resource defined to date is on surface with a low strip ration making this property amenable to low cost open pit mining. It is our objective to establish an open pit mining operation upon receipt of a positive feasibility study.
The identification of higher grade cross cutting northwest trending mineralized structures and drilling to intersect these structures suggest the property has excellent upside grade potential to increase the known resource base.
A revised resources report was completed by Mr. Roger H. Pooley, BSc, FAusIMM, CP, MMICA in October 2005. This report indicated the resources identified at Pani using a 0.5 g/t Au cut off are defined as follows:
* Indicated Mineral Resource: 9,860,688 Tons at 1.45 g/t Au = 459,743 ounces Au
* Inferred Mineral Resource: 1,383,621 Tons at 1.52 g/t Au = 67,624 ounces Au
Management
Mr. Adrian Rollke
Position: President and CEO
Mr. Rollke is the driving force behind Pencari. Mr. Rollke brings an extensive background in corporate finance and as a senior officer and director of public companies. Among his credentials, he was the secretary / treasurer and director of Atlanta Gold Corporation (1997 1998) a TSE 300 company, over $30 million raised. In addition, he was extensively involved with Consolidated Ramrod Gold Corporation (1992 -- 1996), over $70 million raised. Mr. Rollke is the founder of Pencari Mining Corporation (1999) and took the company public in 2003.
Mr. Damien Reynolds
Position: Chairman, Director
Mr. Reynolds has been involved in the junior resource sector for over twenty years. He has gained industry knowledge through founding, investing in and serving on the boards of a number of public exploration companies. Mr. Reynolds has an impressive track record with projects of merit around the world and also for his ability to raise capital for junior companies. Mr. Reynolds is also the founder of Kyoto Planet Group Inc. --- a private global company focused on reducing climate impact through investment, education and media, and serves as Chairman of Kyoto Planet Asset Management.
Mr. Geoffrey Carter, P.Eng.
Position: Director
Mr. Carter has been involved in the financial sector for several years as Senior Mining Analyst for brokerage firms such as Research Capital Corp and Midland Doherty Limited. Prior to this Mr. Carter served as Vice President of Operations, Planning and Development, for Inspiration Coal Inc., of Knoxville, Tennessee, Senior Mining Engineer for Hudson Bay Mining and Smelting Co., of Toronto, Canada, and Senior Technical Assistant to Anglo Power Collieries Pty of Transvaal, South Africa. Currently, Mr. Carter is an independent analyst providing services to the mining industry through Broad Oak Associates. Mr. Carter brings invaluable expertise and knowledge to the board of directors.
Mr. Jerry Blackwell, P.Geo
Position: Director
Mr. Blackwell is a professional geologist with 36 years experience in the mining industry, and is based in Vancouver. He is known for his involvement in discovery-stage gold, base metal and uranium projects. Amongst many things he worked in the early years of exploration in the Athabasca Basin of Saskatchewan, in far-reaching belt reconnaissance programs for Cominco, as an early champion of the Snip gold and Tulsequah Chief projects in the Coast Range Mountains of Northwestern British Columbia, and as a consultant to Murray Pezim's Prime Exploration Group on the Eskay Creek gold discovery. In 1993 he became the President of Gitennes Exploration Inc., leading it to Peru in 1996 and the discovery of the Virgen gold deposit.
FOR INFORMATION ON PENCARI'S MANAGEMENT CLICK HERE
Major Shareholders
Shareholder Information:
Ticker: PMC
Exchange: TSX-V
Shares outstanding: 22.0 million
Authorized Capital: 100.0 million
Trading range: $0.25- 0.35
Contact Information
Pencari Mining Corporation
1750 - 1177 West Hastings Street
Vancouver, B.C.
Canada V6E 2K3
Telephone: 604.683.2808
Fax: 604.683.2286
info@pencarimining.com
Corporate Information
No info available.
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