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Re: 1manband post# 53681

Wednesday, 12/15/2010 3:01:58 AM

Wednesday, December 15, 2010 3:01:58 AM

Post# of 66758

The fake NI 43-101 report intrigues me. We know it wasn't written by Greg Parham, so who did write it? Not only are the resource estimates not in any way NI 43-101 compliant, but there are some other glaring clues that whoever put it together is not entirely familiar with the actual NI 43-101 standards.

That and some other clues lead me to believe it may be a cut and paste job performed by someone with perhaps a little working knowledge of how technical reports work, but not enough to make it convincing. To fabricate a resource statement, they would have taken the specific property information they had available and wrapped it with enough technical discussion to make it sound legitimate. To do so, they probably searched the internet or other sources to find related discussions from actual NI 43-101 reports to be able to construct something that would pass as a "resource statement". Therefore, I started trying to track down where they might have cut and pasted the information from. Since the "resource statement" is so comically short, and the specific property information is not published in detail anywhere (at least not in English that I can find) much of the data they would have added is in the geologic discussion. Some of it is lifted directly from government sources, but 2 paragraphs (the section labeled "DEPOSIT TYPES......Epithermal") I found only appear one other place. That other place is a technical report from another OTCBB company's regulatory filings that were published back in 2008, and the discussion is lifted verbatim.




Great find.

I think this is the report you are talking about:

http://www.panamericangoldfields.org/i/pdf/reports/080712_Cieneguita_43101_Final_april2008_revJuly8.pdf


http://www.panamericangoldfields.org/i/pdf/reports/080919PR_Cieneguita_DrillingUpdate_18092008_2.pdf


From the Pan American Gold Fields filing:


DEPOSIT TYPES

There are three main deposit types that are considered relevant to the Cieneguita Property: epithermal vein, mesothermal vein and porphyry. These are briefly discussed below.

Epithermal

High sulphidation epithermal deposits occur as veins, vuggy breccias and sulphide replacements ranging from pods to massive lenses associated with high-level hydrothermal systems marked by acid-leached, advanced argillic and siliceous alteration. Metal associations in these deposits include variable amounts of precious (Au-Ag) and base (Cu-Pb-Zn) metals and variable gangue
mineralogies. Irregular deposit geometries are the result of host rock permeability and the orientation of ore-controlling structures. Multiple, crosscutting composite veins are common.

Recent research indicates that these deposits form in subaerial volcanic complexes or composite island arc volcanoes above degassing magma chambers. The deposits commonly contain multiple stages of mineralization, presumably related to periodic tectonism associated with increased intrusive activity and magmatic hydrothermal fluid generation (Panteleyev, 1991). The age of the deposits are commonly Tertiary to Quaternary, however, some deposits have been dated Mesozoic and/or Paleozoic in volcanic belts. The rare preservation of older deposits reflects rapid rates of erosion before burial of subaerial volcanoes in tectonically active arcs.

Rock types associated with epithermal deposits include a subaerial andesite-dacite-rhyodacite pyroclastics and flows as well as their subvolcanic intrusive equivalents. It is also thought that permeable intervolcanic sedimentary rocks can act as sites of mineralization. The country rock surrounding epithermal veins is commonly extensively altered even though the vein walls may be sharply defined. It is also not uncommon to find large, highly coloured supergene gossans covering epithermal ores.





And from the SAEI 8K filing:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7599792

DEPOSIT TYPES

Epithermal

High sulphidation epithermal deposits (Barlevskoye and Vynohradiv) occur as veins, vuggy breccias and sulphide replacements ranging from pods to massive lenses associated with high-level hydrothermal systems marked by acid-leached, advanced argillic and siliceous alteration. Metal associations in these deposits include variable amounts of precious (Au-Ag) and base (Cu-Pb Zn) metals and variable gangue mineralogies. Irregular deposit geometries are the result of host rock permeability and the orientation of ore-controlling structures. Multiple, crosscutting composite veins are common.

Recent research indicates that these deposits form in sub aerial volcanic complexes or composite island arc volcanoes above degassing magma chambers. The deposits commonly contain multiple stages of mineralization, presumably related to periodic tectonism associated with increased intrusive activity and magmatic hydrothermal fluid generation. The age of the deposits are commonly Tertiary to Quaternary, however, some deposits have been dated Mesozoic and/or Paleozoic in volcanic belts. Rock types associated with epithermal deposits include a subaerial andesitedacite- rhyodacite pyroclastics and flows as well as their subvolcanic intrusive equivalents. It is also thought that permeable intervolcanic sedimentary rocks can act as sites of mineralization. The country rock surrounding epithermal veins is commonly extensively altered even though the vein walls may be sharply defined. It is also not uncommon to find large, highly colored supergene gossans covering epithermal ores.