Prophecy Resource Corp. (TSX-V: PCY, OTC: PCYRF, Frankfurt: 3P1 ) is a Canadian company focused on the acquisition of advanced mineral assets. Our key is to stay ahead of the investing public by acquiring projects where the underlying commodity is temporarily overlooked. We look to buy distressed assets and secondary assets from sellers utilizing our network. Our first project is the advanced Lynn Lake Nickel-Copper project in Manitoba.
In October 2009, Prophecy entered into an agreement to acquire The Lynn Lake Nickel Project from Victory Nickel Inc. (TSX: NI).
The Lynn Lake sulphide-nickel deposit is located in northern Manitoba. This was rated by exploration and mining companies responding to the Fraser Institute Annual Survey of Mining Companies, in 2006-07, as having the best environmental policy in the world for mineral investment.
Prophecy's other properties, including the Titan vanadium-titanium-iron project. A deposit in Ontario, Canada, between Angus and Flett Townships, with access to excellent infrastructure. 142 meters of 0.27% Vanadium (0.48% Vanadium Pentoxide) from hole RA-5-21 and 174 meters of 0.26% Vanadium (0.46% Vanadium Pentoxide) from hole RA-5-10. Aeromagnetic anomaly that is approximately 1,200 by 800 meters. The mineralization started from surface to an open vertical depth of 500 meters. The complete horizontal and vertical extent of the deposit is still to be determined. And the Okeover copper molybdenum project, which is 20 km north of Powell River on the B.C. coast.
