Battle for Orphan Boy continues

Vancouver — A legal battle for control of Orphan Boy Resources (ORS-V) is set for another round even after the Supreme Court of British Columbia dismissed a motion filed by dissident shareholders for failure to follow mandatory provisions of the Business Corporations Act.

The dissident group led by former director Ronald Coombes is now calling for a special meeting to be held December 2. The group is seeking to remove certain directors of the company and appoint new directors in their place.

The dispute was sparked when present management concluded that the company’s key asset, the Willa gold-copper-silver deposit in southeastern British Columbia, was “technically feasible” but not economically viable at current metal prices.

The project isn’t entirely dead, as Orphan Boy’s present management sees potential to improve the project economics through various means, including an exploration program to boost resources. Instead of the original proposal to truck ore to the nearby 1,000-tonne-per-day-capacity Goldstream mill, ongoing studies will examine potential for a small modular mill more suited to the proposed 500-tonne-per-day underground mine.