Galaxy Minerals Inc. (f/k/a GAXY)

[Baboquivari]

READY TO GET PISSED OFF? These guys should be in prison.
This information was posted on the web at the URL provided.I advise that all save it to file as it will not be up long.
Larry Glassman as I understand it is a partner of Scott Goldstein and the info. here is on the same web site that was offering the YJ for sale in May.
http://www.theyellowjacketmine.com/
What was on this website offering the yellow Jacket for sale is identical to what was on Goldsteins Ebay sales page as Gemrush Jewelry.
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120410009110&fromMakeTrack=true&ssPageName=VIP:Watchlink:middle:us
This connection can be tracked directly to Goldstein and Co.
This shows without a doubt, that all the stock purchasers in Galaxy Minerals were the victims of massive fraud as this info. on the site came directly from parners in Galaxy. WOW!

THE SITE READS

The TRUTH about the Yellow Jacket Mine in the Oro Blanco mining district of Santa Cruz County Arizona.

In May 2009 Jacob Binson, a New Jersey Pawn Broker, and owner of Binson Pawn Brokers New Jersey paid $2.2 million dollars CASH to purchase the Yellow Jacket gold mine.

Jacob Binson purchased the mine from a Hedge Fund who foreclosed on the mine from Stealth Enterprises who purchased the mine in 1999 from the Widow Mildred Lemons for $80,000 after her husband Charlie Lemons, who mined the property from 1976 until the day he died in 1997. The hedge fund paid $15,000 CASH to the Santa Cruz county sheriff to purchase the Yellow Jacket at a Sherriff’s sale.

Then, Jacob Binson paid $2.2 million dollars for the Yellow Jacket mine who the 3 geologists who visited the Yellow Jacket in 2008 and 2008 said was impossible to mine.

This web site will give you the COMPLETE history of the Yellow Jacket and tell you why Jacob Binson wasted his money on a worthless hole in the ground in the Arizona desert.

(I ask, so what and why are they concerned, everyone knew about GCA as I posted it here long ago.)

THIS IS THE STORY OF THE YELLOW JACKET


Thomas Roddick located the Yellow Jacket gold mine on the Ostrich “lode” on July 31, 1874. From the beginning, Robert Leatherwood, John Bartlett, and Doctor John C. Handy operated the mine through “indenture” agreements with Roddick. There was a flurry of successful mining activity throughout the rest of the 1870’s, with great expectations for the future.

Dr. John. C. Handy owned the Yellow Jacket mine from 1881 to 1889, with Leatherwood and Bartlett as partners. During most of that period, the mine was idle, although Leatherwood patented the Yellow Jacket in 1887.

The Yellow Jacket resumed operations in the 1890’s and produced intermittently for many years. By 1890 the 20-acre Yellow Jacket mining property had a shaft of 50-foot depth. A school and a bar served the mine. Mining operations began with arrastras, but in 1892 miners build a 20-stamp mill. The Yellow Jacket shaft depth was 250 feet, working four levels, with 1,200 feet of tunnels. Water for the Yellow Jacket mill came from a spring deep within the mine at a rate of 40,000 gallons per day, more than twice what the milling operation required. This on-sight critical water resource was unique in the district.But the mine closed in 1896 with the ore virtually worked out.

A Philadelphia company reopened the Yellow Jacket gold mine in 1915. Edward E. Noon, a grandson of Adolphus Noon, owner of the Austerlitz mine, was the foreman of the work. The new miners planned to overhaul the mill, clean out the shaft, and put the mine on a paying basis. But the mine operated only intermittently.

In 1930, Charles L. (Abe) Farra looked for rich values in the old workings of former well-known producers in the OBMD near the Mexican border. Farra obtained gold concentrate samples from the old Yellow Jacket mine showing values of $38,000 to $58,000 per ton. Farra and his associates obtained rights to the mining, began pumping water from the shaft and tunnels, and planned to reopen the mine. After months of idleness during the Great Depression, 18 men started work at the Yellow Jacket in June 1933.5 But, as with the Oro Blanco mines, this reincarnation of the Yellow Jacket achieved very little production

The Yellow Jacket gold mine showed renewed life briefly in 1959. Owner C. A. Johnson of Lakeside, Arizona leased the mine to the Canadian Gold Mining Company to perform exploratory work on mining feasibility. The Canadian company worked a three-shift operation to repair the old shafts and crosscuts. They cleaned out and retimbered the main adit, 500 feet in length and started to do geological examinations.

The Canadian Company sampled the ore at depths of 150, 200, and 250-feet, however, indications were not favorable so the Canadian Gold Mining Company terminated operations.

In 1972, 40-year Arizona prospector Charles Lemons bought the Yellow Jacket gold mine. Lemons retimbered the main tunnel and built a small mill to process ore. In a labor of love, the old prospector made daily trips to the canyon to work the mine. Lemons’ one-man shoestring operation lasted until his death in 1997. Lemons’ wife Mildred took over ownership of the mine until she sold it to Stealth Enterprises of Chicago in 1999 for $80,000. (Stealth Enterprises is Goldstein and Co.)

Top 10 Reasons The Yellow Jacket mine will never be brought operational

10) The YJ mine is in the middle of the desert
9) The YJ mine has no electrical power
8) The YJ mine is 20 acres surrounded by National Forest with NO PLACE for the tailings
7) The plant to process the ore will take up 1/2 of the 20 acre parcel. How do you expect to mine it?
6) There are no roads to get to the mine. The national forest will block you
5) No commercial enterprise mined the YJ since 1896? Hmmmm. I wonder why?
4) The Geologists said the mine was MINED OUT in 1896!
3) The Canadian Company reviewing the mine in 1956 found NO GOLD
2) 3 groups of Geologists reviewing the mine in 2008 said it was not a viable project. No access. No place for the tailings. No place for the plant. No electric. No water.

and the number 1 reason the Yellow Jacket has NOT been operational since 1896

1) ANYBODY that tells you that they have a Gold Mine for sale is a LIAR standing in front of a hole in the ground!

Jacob Binson learned of the project from the people who owned the mine for the last 10 years. They shared information with Jacob Binson about a joint venture to re-purchase the property and he used that information to locate the hedge fund that foreclosed on the property and Jacob Binson then circumvented them and PURCHASED the Yellow Jacket for $2.2 million dollars.

We don’t expect that Jacob Binson, the Pawn Broker from New Jersey will ever get the mine operational because of the serious logistical problems with the mine, but, if anybody hears of his efforts please let us know!

After Mildred sold the mine in 1999, the mine which is a pig, was dressed in a pink polka-dot dress, with bright red lip stick, and a Russian Pawn Broker fell in love!

(So Stealth sold this to Galaxy Minerals {their own Corp.} knowing that in their minds it was mined out. Then Galaxy sold the investors what they thought was a pig in a poke.
WOW!!!!!!!!!!! Pump and Dump.
Remember, it is not a matter of whether or not there is gold in the mine, it appears it was the intent of Stealth and Galaxy to defraud investors while they were in possesion of documentation they felt showed that the mine was worthless.)