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Re: eom7 post# 500

Tuesday, 09/18/2012 1:33:28 PM

Tuesday, September 18, 2012 1:33:28 PM

Post# of 556
All you need to know is the "Dilbert" Report would never be approved by any investment bank in the world because it has many flaws. The Big one is that it just regurgitates what GBGD told them. They did not do any independent sampling. The other no-no here is that they accepted GKZ issued resources as NI 43-101 qualified resources. YOU CAN'T DO THAT and the author should retract this publication. I heard from a good source, that they took samples of the historic core later, after the report was made, and found NOTHING, ZERO, Gold. Same thing for some drilling, But Global Gold is hiding that information.

PROVE ME WRONG GBGD. Publish your drilling on the Toukhmanuk project in 2011 and the re-assaying of the historic core. ALL OF IT.

I also understand that:

A) None of the work on the property was ever done by independent and qualified geologist (as per CIM) and the results of the labs in Armenia did not match the results from SGS, as per GBGD news release of January 11, 2008. Please take note the following excerpt:

[I]n addition, the Company is pleased to announce that it has received international, ISO, certification for its laboratory at the Toukhmanuk site.

[E]ven with control checks in labs outside Armenia, results were inconsistent, and a re-assaying program was undertaken with the new lab.

B) Former employees have provided me with evidence that the numbers are not real. See my blog: What Are the Real Gold Grades at Toukhmanuk Gold Mine in Armenia.

http://toukhmanuk.blogspot.com/2012/06/is-there-fraud-going-on-at-toukhmanuk.html

C) Is Global Gold at risk of losing the license for non-performance. See my blog Is the TOUKHMANUK License at RISK of being CANCELLED? at:
http://toukhmanuk.blogspot.com/2012/06/is-toukhmanuk-license-in-good-standing.html

Global Gold has failed to invest $1,200,000 annually at its Toukhmanuk Project, and mine 80,000 tones a year of ore.

D) Global Gold is under Criminal Investigation by the State Revenue Police and they have not denied or commented on this publicly. See my blog: MEGO-GOLD Under Criminal Investigation? at:
http://toukhmanuk.blogspot.com/2012/06/mego-gold-under-criminal-investigation.html

E) Misrepresentations in their SEC Filings: See my blog: Global Gold Should Lose the Rights to the Toukhmanuk Gold Project in Armenia at:
http://toukhmanuk.blogspot.com/2012/07/global-gold-should-lose-rights-to.html

There is more here not including the fact they cancelled their deal with Consolidated Resources after they screwed them out of a $5+ million investment.

Who would trust these guys ever...They should go back and finish the deal with Consolidate Resources...That's the best thing they can ever do now.