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Speculation about a rate cut, prompted by a 0.4 percent drop
in U.S. retail sales last month, helped gold jump to a
record yesterday.
The Fed is now expected to cut borrowing costs at its
meeting on Jan. 30.
The gold price reached $916.10 yesterday, the highest ever
for a most-active contract.
The markets were expecting an emergency rate cut yesterday.
The reason for the reversal is that we didn't get that
rate cut.
The dollar rose as much as 1.4 percent against the euro
on speculation the European Central Bank will join
the Fed in cutting interest rates this year.
ECB council member Yves Mersch, who is also governor of
Luxembourg's central bank, cited "downside risks" to
the region's economic growth.
"People are selling gold, because the dollar is strong
as a result of the ECB saying they are not averse to
cutting rates," said Walter Otstott, a senior broker
at Dallas Commodity Co. in Dallas.
"If they bothered to think about it, they would realize
that we have the Fed, ECB and Bank of England in the
rate-cut mode.
This can only be bullish for the metals."
Otstott said he bought gold and silver today....
Gold ... Yearly Chart
Imo. Tia.
God Bless
http://investorshub.advfn.com/boards/board.asp?board_id=5495
back at yah.
why kaboom?
me kaboom?
I got kaboom golt.
reely
KABOOOOOOOMMMMMMMMM!!!!!!!!!!!!
I think they might. (Knock your sox off) They have been known to blast way too close to the face.
Yuri Nokursokzov was a Russian baseball player who hit 500 homers on one year. They found out he was using an explosive charge in on the bat and a radar guided gyroscope to cause the bat to intercept the ball. Timing was achieved by causing an electric charge to emanate along a muscle-connected electrode.
EC<:-}
Ya but they will never knock your SOX off.
This money has gone to work already...
Barker Minerals retains JMCK for IR services
2004-11-10 10:51 ET - News Release
Mr. Louis Doyle reports
BARKER RETAINS INVESTOR RELATIONS FIRM AND ISSUES OPTIONS
Barker Minerals Ltd. has retained JMCK Communications Inc. to perform investor relations services and has issued 50,000 options to its chief financial officer, each option being exercisable into one common share of the company at a price of 35 cents per share for a period of five years, subject to the terms of the company's option plan.
Under the agreement with JMCK, the company may engage JMCK on a month-to-month basis to conduct investor awareness-raising campaigns and it may also engage JMCK's affiliated entities on an ad hoc basis for print or radio advertising at discounted rates. The company will pay a fee of $5,000 per month for each month in which investor awareness-raising campaigns are conducted on its behalf and will issue 300,000 options to JMCK. The agreement with JMCK is for a period of two years, subject to earlier termination in certain circumstances.
The options vest and are exercisable on the following terms: 75,000 options exercisable at 35 cents per share vest upon filing with the TSX Venture Exchange; 75,000 options exercisable at 40 cents per share vest three months thereafter; 75,000 options exercisable at 45 cents per share vest six months thereafter; and 75,000 options exercisable at 45 cents per share vest nine months thereafter. The options are for a two-year term subject to earlier expiry on the occurrence of certain events, including on 30 days from any termination of the agreement.
JMCK Communications is a fully integrated media and communications company with a combination of print, radio and technology-driven direct marketing solutions designed to provide companies with a one-stop, cost-effective way to reach new markets and affluent investors.
Over the past 10 years, Barker Minerals has acquired and advanced exploration on its over 271,000 acres of mineral properties in the Cariboo mining district, which is located along the Cariboo gold district, one of the most mineralized belts in British Columbia. The company has 17 projects at various stages of the exploration process, with five projects having defined drill-ready gold targets and precious metal-bearing, massive sulphide targets on its 100-per-cent-owned properties.
Well come back now ya hare...
http://www.siliconinvestor.com/readmsg.aspx?msgid=20767656
Wair yu bin lately -- Likely?
Unlikely -- is that near Likely, BC?
Beshi is good. Width is an indicator of better things we hope.
Barker is barking, but when will they bite?
EC<:-}
Barker discovers bedrock mineralization at SCR
2004-11-02 15:34 ET - News Release
An anonymous director reports
BARKER EXPOSES BEDROCK MINERALIZATION ON THE SCR MASSIVE SULPHIDE PROJECT
Barker Minerals Ltd. advises that recent trenching on the SCR project, one of Barker's massive sulphide prospects, has resulted in the discovery of bedrock sulphide mineralization.
The newly discovered mineralization occurs as disseminated to semi-massive sulphides with much of the exposed bedrock being highly oxidized. Grab samples have been collected by Barker personnel and are being submitted for assay and lithogeochemical analysis. Selected samples have also been collected for petrographic analysis by Tim Barrett of Ore Systems Consultants. The trenching was successful in exposing bedrock over an area approximately 50 metres by 20 metres. Weather permitting, channel sampling and geological mapping are planned while the drilling on Frank Creek continues in order to determine the dimensions and extent of the new surface mineralization.
Earlier exploration work on the SCR project revealed semi-massive to massive sulphide and stringer sulphide mineralization in float. The sulphide minerals included pyrite, pyrrhotite, chalcopyrite, sphalerite and galena. Boulders previously assayed produced values as high as 23 per cent combined copper, lead and zinc with associated gold and silver values. Geophysical surveys have also successfully outlined coincident magnetic and conductive anomalies (HLEM) near the discovery area and near the area of copper, lead and zinc soil anomalies.
The results to date, along with trace element associations and the local geology, are consistent with a polymetallic sediment-hosted massive sulphide environment.
The company also notes the resignation of Mark Brown as director and chief financial officer as of Oct. 15, 2004
Barker Minerals provides Frank Creek assay results
2004-10-26 11:28 ET - News Release
Mr. Louis Doyle reports
BARKER REPORTS ASSAYS FROM RECENT DISCOVERY AT FRANK CREEK
Barker Minerals Ltd. has released the initial assay results of surface bedrock grab samples obtained from the recent trenching discovery on the Frank Creek massive sulphide project.
The surface grab samples were taken from suboutcrop to outcrop material to characterize the copper/zinc/silver-rich stringer to massive sulphide bedrock mineralization near the F-7 prospect on the Frank Creek project. The high-grade polymetallic nature of this bedrock mineralization is consistent with a Besshi or Sedex type copper/zinc massive sulphide deposit. Fifteen grab samples were collected by Barker personnel from an area of approximately 10 metres by 20 metres of variably mineralized material, of which the significant initial assay results are outlined in a table below.
Cu Pb Zn Ag
Sample % % % g/t
59A01 8.77 0.12 0.37 76
59A02 4.68 0.01 0.13 33
59A03 21.22 0.03 0.64 165
59A04 1.29 0.49 8.44 60
59A08 2.27 -0.01 0.09 21
59A11 2.64 0.03 0.07 34
59A13 1.10 0.73 4.63 47
Barker discovers new Rollie massive sulphides
2004-09-15 13:46 ET - News Release
Mr. Louis Doyle reports
BARKER DISCOVERS BEDROCK MASSIVE SULPHIDE MINERALIZATION ON ROLLIE PROJECT
Barker Minerals Ltd.'s prospecting has resulted in a new discovery of massive sulphides in bedrock on the Rollie massive sulphide project. The new discovery is located approximately 400 metres north of the Unlikely bedrock besshi-type massive sulphide showing which is in the Rollie project area and is on strike to the Frank Creek project to the southeast a few kilometres. The Frank Creek project is highly prospective for the discovery of sedex, or besshi-style massive sulphide mineralization as indicated from prior geological studies and programs.
The new massive sulphide discovery and the Unlikely besshi showing in the Rollie Creek project area are located on the southwestern side of Cariboo Lake. The new massive sulphide mineralization is exposed over a 0.8-metre width in outcrop and consists of massive pyrrhotite with minor chalcopyrite. A sample has been sent for assay to characterize the mineralization and samples will also be taken for petrographical analyses to be conducted by Dr. Tim Barrett of Ore Systems Consultants for continuing geological studies.
The Unlikely besshi-type showing contains disseminated to semi-massive sulphide mineralization hosted by variably altered clastic sedimentary rocks of the Harveys Ridge formation. The geology here is similar to that at the Frank Creek property to the southeast across Cariboo Lake.
The content in this news release has been reviewed by Sean McKinley, MSc, PGeo, a qualified person, as defined under National Instrument 43-101. More detailed geological information on the above project can be viewed on the company's website, www.barkerminerals.com, or the SEDAR website where a copy of the latest National Instrument 43-101 technical report and annual information form can be reviewed.
Caterwauld is goin' to the Calgary Investment Conference. Will be Fairly Mounted at the Pallacer. For contact on urjent matterz, call cell at 416-428-4260. As has been said before we know that Shield Gold will be IPO'ing through Northern in Calgary.
EC<:-}
Conference crazy, the call me.
This is conference season. We have been to the Cordilleran, the Vancouver Investment Conference, the Toronto OPA, the PDAC, The Thunder Bay OPA, and now we are headed to the Sudbury OPA and the Calgary Investment Conference. There is no end to it.
All conferences were well attended. Gold is a-burgeoning. Prospectors and companies are a-working. New geophysical techniques (not cheap to develop) are a-flying. Money galore is a-raising. The PDAC had extreme record attendance. The Cordillaran, although not the size of the PDAC, was crowded. BC nite was packed solid, even better than the traditional Kirkland Lake Nite of the PDAC.
Time to get on the bus. Looks like a-good season this summer and another round of gold mining in the fall.
EC<:-}/
I need a bulletproof hat that is stuffed with money. The skull case is more or less a hat rack, as they don't seem to need my brain anywhere. :)
Spoke to Louis at the convo. Did not speak to half the people I wanted to get to. No time. Next year we are getting a booth and suite at the Intercon, but we can come out then.
Barker has minerals all over the place. It seems that BC is coming out of its doldrums in a way and people feel that maybe they can do a few things in mining. Of course Kemess, that old money pit did not dispel that, and it was built in a time of no investment, so perhaps BC needs revisiting.
Exploration is tough. It ain't easy to find orebodies. Of course it is tougher still to get the money to afford to look for 'em.
EC<:-}
I would estimate the way we are saving money, 12 cents an ounce would be more like it. Let's face it, if you don't mine, the gold is really cheap. When we get really would up and start splurging on serious stuff like drills, fans, piping, pumps, timber, alimaks, exorbitant salaries, etc... we should be able to hold costs down to a dull roar still. It all depends on how cheap we can do it. Engineering gold is pinching pennies until the scream, and then putting them through the roller to see how far they will flatten out. Hemlo mines gold ore for 60 dollars a ton, but I figure they are high overhead. I think eventually we can do it for less. To start I believe it will cost us 80 dollars per ton CDN all up to get ore out of the ground and to the mill. Milling at first will cost us a fixed 40 dollars per ton. Eventually we will be able to bring that down to about 15 dollars per ton in a couple of years. But even at 120 dollars per ton, we are aiming at 360 dollars CDN per ounce. That is still 176 dollars an ounce profit. Today CDN gold mines work at from 5 tons per man day to even 10 tons per man day. At the old Louanna Mine in 1980 we used to mine and mill 300 tons per day with a complete staff of between 30 and 60 men. And we were doing shrinkage stoping the old hard way. With a more automated approach, we could do better than that, and certainly no worse. Even at 5 tons per man day, The labour/support component is no worse than 200 CDN dollars per ounce here. If mining were 60 dollars/short ton for dynamite, bits, pumping, tramming, hoisting, timber, rock bolts, and support equipment on top of that, then we are looking at $380 CDN/ounce. That assumes a grade of .33 ounces per ton, something we believe is achievable.
In these kind of situations we won't know until we do it. Historical costs in many similar operations of this scale throughout Canada support doing it at those kind of figures.
EC<:-}
I got one last year, nice and weatherproof for people who
don't know enuf to come in out of the wet. Don't see how it
could fit you though, they don't make em that big. !!!
Also got a carry bag from Louis, BML is not as cheap as
Wildcat. Bin in WC for few months now, no hat, no nuthin.
Even had to buy lunch at the Gold show. I estimate with a
cheap quotient like that, WC can mine gold for 12 dollars
an ounce.
On second thought the entertaining posts are worth something,
Louis is very very serious and working 24/7.
I got a Barker Minerals hat at the PDA.
I have a feeling that it will become a collector's item, like the Pegasus Helicopter Hats of the 1970's.
EC<:-}
Barker Issues 260,047 Units and eResearch Publishes Report on Barker
Tuesday March 9, 6:01 am ET
VANCOUVER, BRITISH COLUMBIA--Barker Minerals Ltd. (BML - TSX/V) announced that it issued 260,047 units at $0.27 per unit for gross proceeds of $70,212 pursuant to a non-brokered private placement. Each unit consisted of one common share of Barker and one-half of a common share purchase warrant. Each whole warrant is exercisable into one common share for a two year term at a price of $0.40 per share in the first year and $0.50 per share in the second year. The common shares and warrants issued are subject to hold periods that expire on July 9, 2004.
The Company also notes that eResearch has published a research report on Barker Minerals Ltd. that is available at http://stockgroup.stockgroup.com/baimg/img/barker/barker_040305.pdf. eResearch, which provides independent equity research to its institutional and retail subscribers, accepts fees from the companies it researches and from subscribers. Barker Minerals paid eResearch a fee to conduct research on the Company.
Over the past ten years Barker Minerals has acquired and advanced exploration on its 265,000 plus acres of mineral properties in the Cariboo Mining District, which is located along the Cariboo Gold District, one of the most mineralized belts in British Columbia. The company has 17 projects at various stages of the exploration process on its 100% owned properties, including five projects with defined drill-ready gold targets and precious metal bearing, massive sulphide targets.
Out BML avg .31 from .22
Barker Minerals 492,800-share private placement
Barker Minerals Ltd BML
Shares issued 22,530,365 Feb 17 close $0.295
Wed 18 Feb 2004 Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect
to a non-brokered private placement announced Feb. 10, 2004.
No. of shares: 492,800
Price: 25 cents per share
Warrants: 246,400 share purchase warrants to purchase 246,400
shares
Warrant price: 35 cents for a one-year period and 45 cents in the
second year
Placees: Two placees participated
Finder's fee: Robert Kuhl will receive a finder's fee of $11,200
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company must
issue news announcing the closing of the private placement and setting out
the expiry dates of the hold period(s). The company must also issue news if
the private placement does not close promptly.
More nibbles at my .295 offer
Barker Minerals Ltd.: Adds Mineral Claims to Kangaroo Gold Project and Closes Financing
Tuesday February 10, 3:13 pm ET
VANCOUVER, BRITISH COLUMBIA--Barker Minerals Ltd. (BML - TSX/V) announced that it issued 492,800 units at $0.25 per unit for gross proceeds of $112,000 pursuant to a non-brokered private placement. Each unit consisted of one common share of Barker and one-half of a common share purchase warrant and each whole warrant is exercisable into one common share for a two year term at a price of $0.35 per share in the first year and $0.45 per share in the second year. The common shares and warrants issued are subject to hold periods that expire on June 5, 2004. A total of $11,200 was paid to a finder in connection with the placement.
The Company is also pleased to report the acquisition of an additional 77 mineral claim units by way of staking in the Cariboo Mining District B.C., Canada, which are comprised of 4,756 acres or 1,925 hectares and are contiguous to the Company's Kanagroo Gold Project.
Over the past ten years Barker Minerals has acquired and advanced exploration on its over 265,000 acres of mineral properties in the Cariboo Mining District, which is located along the Cariboo Gold District, one of the most mineralized belts in British Columbia. The company has 17 projects at various stages of the exploration process, with 5 projects having defined drill-ready gold targets and precious metal bearing, massive sulphide targets on its 100% owned properties.
Contact:
Barker Minerals Ltd.
Louis E. Doyle
Phone: (604) 530-8752
Fax: (604) 530-8751
Email: barker@telus.net
Website: www.barkerminerals.com
Barker Minerals 385,751-share private placement
Barker Minerals Ltd BML
Shares issued 19,922,036 Feb 6 close $0.28
Mon 9 Feb 2004 Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect
to a non-brokered private placement announced Jan. 28, 2004.
No. of shares: 385,751
Price: 25 cents per share
Warrants: 192,875 share purchase warrants to purchase 192,875
shares
Warrant price: 35 cents for a one-year period and 45 cents in the
second year
Placees: Five placees participated
Finder's fee: Robert Kuhl will receive a finder's fee of $3,000.
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company must
issue news announcing the closing of the private placement and setting out
the expiry dates of the hold period(s). The company must also issue news if
the private placement does not close promptly.
Sold some BML @ .295 today.
Report to Shareholders January, 2004
Louis Doyle, President and CEO, is pleased to provide Barker Minerals shareholders with a Company overview, and a summary of the Company's activities and its plans going forward.
Over the past ten years Barker Minerals Ltd. has been able to acquire and hold a huge land position along one of the most mineralized belts in BC. Not only has the Company's previous exploration efforts now defined numerous drill-ready gold targets and precious metal bearing, massive sulphide targets on its own property, but a major mineral discovery has recently been announced by Imperial Metals near Barker's property.
Overview
The properties are located along the southern extension of the historic Cariboo Gold District, (gold fields map) which has yielded 3.7 million ounces of gold to date. The Company is currently engaged in the identification, exploration and development, if warranted, of mineral resources. The properties the Company holds 100% interest in are located in the Cariboo Mining District of east central British Columbia and are comprised of approximately 267,000 acres. (location map) The principal natural resources being targeted are gold, silver, platinum, palladium, copper, lead and zinc.
The deposit types the Company is exploring for are:
Besshi Type Massive Sulphides (link to deposit description) and
Sediment Hosted Massive Sulphides - SEDEX (link to deposit description) and
Zinc/Lead Replacement (link to deposit description) and
Vein Gold and Replacement Gold (link to deposit description) and
Intrusion Related Gold (link to deposit description) and
Gold Skarn (link to deposit description) and
Copper/Gold (link to deposit description) and
Magmatic Platinum Group Deposits (link to deposit description)
The Company's current focus is on gold targets and precious metal rich massive sulphide targets on the Ace, and massive sulphide targets on the Frank Creek, Rollie and SCR project areas.
"Exploration work has revealed significant potential for the discovery of economic precious metal rich massive sulphide (MS) deposits. Exploration work has also identified potential for Platinum Group Elements (PGE), Gold (Au) and Silver (Ag) deposits". With 17 projects in total, Barker demonstrates potential for the discovery of a variety of minerals and metals. These diverse holdings enable the company to shift its exploration focus as the investment climate and metals market dictates. The next phase of drilling will focus on significant gold targets and precious metal rich massive sulphide deposits. Also of note is the fact that massive sulphide deposits come in clusters and once one deposit is discovered, further discoveries would be anticipated to follow.
Barker is also in the process of evaluating the high grade Blackbear Silver/Gold Project and the Kangaroo Gold Project, in anticipation of advancing these projects to the next stage of exploration. Reports on these projects are expected from company geologists, which will dictate the exploration programs to be undertaken in the next phase. As market conditions continue to improve Barker intends on advancing exploration on other projects with potential for gold, silver and the platinum group elements as well.
In past resource bull markets, the most significant gains have been made by companies who have made significant discoveries for their shareholders through diamond drilling at the exploration drill stage. Barker's projects are at various stages of the exploration process with five projects, with multiple targets at the exploration drill stage where a potential discovery could occur. (stages of the exploration process chart) The multiple projects give our shareholders many opportunities to participate in one or more possible discoveries. With Barker's large inventory of drill targets ready for testing we are hopeful to reward our shareholders with a significant discovery over the next phases of drilling as financing conditions continue to improve.
2003 Summary
The past year focused on continuing to build the Company in preparation for the resource sector turnaround, which has now arrived. The growth of Barker continued in 2003 with activities such as:
successfully completing financings as required amidst the ending of the worst conditions in the mining sector in 30 years
new property acquisitions
continuing to develop prime drill targets on a number of gold and massive sulphide potential projects
further development of our exploration team
creating awareness of the Company by; attending mining conferences across the country, making presentations to analysts and newsletter writers, and keeping major companies and government officials up to date with our progress.
Financing Plans
Over the past year the company raised funds on an as needed basis in order to operate the company and to continue work commitments in advancing our projects through the exploration process. The company could have completed significant financings at lower share prices, but with no shares previously sold under $0.25 the company instead chose to wait for better market conditions.
Market conditions have now improved such that Barker recently completed a private placement for $750,000 which provides the company with funds to carry on with the next phase of exploration on the Ace (gold and massive sulphide targets), Frank (gold and massive sulphide targets) and SCR (massive sulphide targets) which will include diamond drill programs on previously defined targets.
$5.8 million has been recommended for a Phase 1 and Phase 2 exploration program on five of our project areas. We will continue to raise funds as required to complete the recommended phases with more funds being raised for increasingly larger programs as the anticipated resource markets and share price improve, which minimizes dilution during financing activities.
Experienced Professionals Added to Technical Team
Exploration Manager Hired
In July Barker announced the appointment of Mr. Sean D. McKinley, M.Sc.,P.Geo. as Exploration Manager. Mr. McKinley is responsible for overseeing and managing the exploration of Barker's large properties with focus on the Ace Massive Sulphide/Gold Project and the Frank Creek and SCR Massive Sulphide Projects.
Mr. McKinley' an exploration geologist with experience in both minesite and regional exploration, has significant experience managing large drill programs. He has a strong field and research background with expertise in the areas of volcanic stratigraphy and lithogeochemistry. In addition to gold exploration work in the Eskay Creek area, Mr. McKinley was responsible for managing significant massive sulphide exploration and drill programs for Boliden Westmin Ltd. at properties in Ireland, Sweden, and the Myra Falls polymetallic massive sulphide mine in B.C.
Mr. McKinley received his BSc. in geology (honours) from Queens University in Kingston Ontario in 1992, his M.Sc. in geology from UBC in Vancouver B.C. in 1996 and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.
Database Manager Joins Barker
In late summer Wayne Jackaman joined the Company's exploration team as a consultant. Mr. Jackaman will manage and maintain the large digital database of technical information gathered from the Company's previous exploration programs on it's Gold and Massive Sulphide projects in the Cariboo Mining District of B.C.
Mr. Jackaman has been involved in mineral exploration for over 15 years. His background includes project management, field surveying, data compilation and analysis plus QA/QC monitoring and assessment of large-scale regional geochemical programs. As project leader of the B.C. Regional Geochemical Survey Program, he successfully completed over 30 drainage sediment and water surveys and has published more than 65 technical reports and papers.
Mr. Jackaman currently works as a consultant to the Geological Survey of Canada, the B.C. Geological Survey Branch and several private and public companies.
Experienced and Respected Consultant Added to Technical Team
Barker announced in August that Trygve Höy B.Sc., M.Sc., Ph.D., P. Eng. had been contracted to act as a consultant on the Company's Gold and Massive Sulphide projects in the Cariboo Mining District of B.C.
Dr. Höy received his: B.Sc. from the University of British Columbia in 1968; his M.Sc. from Carleton University in Ottawa Ontario in 1970; and his Ph.D. from Queens University in Kingston Ontario in 1974. He became a member of the Professional Engineers of British Columbia in 1976 and in 2002 he received the prestigious Provincial medalist's award which is a national geological award recommended by his peers.
Dr. Höy began his career as a prospector for Falconbridge and worked as an exploration geologist for Amax Exploration. Thereafter he embarked on a 28 year distinguished career as a project geologist for the B.C. Ministry of Energy and Mines before recently returning to the mining industry as a consulting geologist.
Dr. Höy has completed geological mapping and interpretation over a large portion of the Kootenay area in southern B.C. He completed metallogeny and mineral deposit studies on various deposit types including a detailed study of Intrusion Related Gold in the Rossland camp in southern B.C. He was also involved in the development of a model for Sedex (sediment hosted massive sulphide) deposits on tectonic and stratigraphic controls. His model development work included the historic world class Sullivan massive sulphide deposit in southern B.C. He has also led many university/industry field trips and projects and has published numerous geological papers and produced approximately 10 regional geological maps.
Dr. Höy's vast experience in southern B.C. will add tremendous knowledge and depth to our exploration team as the Company continues to systematically and methodically explore the economic base and precious metal potential of its large mineral properties in the Cariboo region of B.C.
The above professionals are welcome additions to our exploration team which also includes Ore Systems Consultants and Strathcona Minerals Services which act as independent consultants on an as needed basis.
Exploration
A brief summary is provided below on a few of our more advanced projects, detailed summaries of the various projects can be reviewed in the (Perry, 2002) report on the Company's website, barkerminerals.com or, on the SEDAR website.
Ace Project (Ace location map)
A massive sulphide (MS) and gold vein environment has been identified through previous programs of prospecting, geochemistry, geology, geophysics and diamond drilling. Concentrations of metals from grab samples in MS boulders found are up to 16.5% combined zinc/lead (Zn/Pb) with minor amounts of copper (Cu), gold (Au) and silver (Ag). Boulders of gold, bismuth, tellurium and tungsten (Au/Bi/Te/W) quartz vein material have gold values up to 29 grams per tonne (g/t). (Ace magnetics and boulder values)
Initial drilling is targeting an area of the grid L5N and 6W, which has a geochemical anomaly of Cu, Pb and Zn in soils, and coincident geophysical anomalies consisting of Magnetics, HLEM (maxmin), I.P. (induced polarity), and Gravity. This is in an area that is interpreted to be part of the footwall zone to a VMS deposit.
The second target being tested is in the grid area of L16S and 6E, which is up-ice from the potential ore grade massive sulphide boulders found through prospecting in earlier programs. This zone also has numerous Au/Bi/Te/W boulders strewn about in the local till. The target has coincident Magnetic, HLEM, I.P., VLF, and Gravity anomalies associated with it.
The encouraging results to date have defined the favorable altered horizon over a considerable ten-kilometre strike length. The fine-grained nature of the rock, its intimate relationship to a series of thin marble bands, and almost regional extent suggest that it may be an exhalative horizon and an excellent target horizon for massive sulphide deposits. The geochemistry of this section of variably calcareous rocks and the presence of strongly disseminated to semi-massive sulphides in the drill core also indicate a very favorable massive sulphide environment. Target metals include Cu, Pb, Zn, Ag and Au.
Frank Creek Project (Frank Creek location map)
The Frank Creek project area has had a number of previous programs consisting of prospecting, geology, geochemistry, and airborne and ground geophysics that outlined numerous target areas with massive sulphide potential. (Frank Creek compilation map)
The Company reported the discovery of base and precious metals mineralization in four diamond drill holes on its Frank Creek Project. One hole at the F-1 bedrock VMS occurrence intercepted significant mineralization, as did three other holes within 200, 260, and 375 metres (m) respectively, of the F-1 bedrock VMS occurrence.
The Frank Creek drill core contains intervals of Cu, Zn, Pb (+/- Au, Ag) massive sulphide mineralization that are significant examples of ore formation processes having occurred on the property. (drill photo)
The mineralizations encountered in the core are similar to that exposed at the discovery outcrop where a massive sulphide layer is exposed for some 3.5 m length and 1.5 m true width. The concentrations of metals from grab samples of the outcrop massive sulphides ranged up to 4.4 % Cu, 8.2 % Zn, 1.1 % Pb, 14.8 oz/t Ag and 854 ppb Au. A chip bedrock sample across 0.77 m exposed width assayed 2.1 % Cu, 0.34% Zn, 0.11% Pb and 69 ppm Ag.
This polymetallic massive sulphide mineralization also occurs in drill core in significant intervals (up to 0.4 m) and contains significant concentrations (up to 3.4 % Zn, 2.1 % Cu, 2.8 oz/t Ag, 0.53 % Pb and 746 ppb Au) within larger weakly mineralized units up to 52 m wide in drill core intercepts that contain widespread disseminations of these metals.
F-1 Target
This target has a strong Cu/Pb/Zn anomaly (Frank Creek soils) coincident with airborne and ground HLEM anomalies and has massive sulphides with economic potential identified in bedrock. (F-1 discovery trench and F-1 trench massive sulphides) This target exposes an important massive sulphide occurrence, believed to be the first VMS bedrock discovery with economic potential ever identified in the Barkerville Terrane. Mineral concentrations from this area have Cu up to 4.4 %, Zn up to 8.8 %, Pb up to 3.4 %, and Ag up to 14.4 oz/t. The copper-zinc mineralization and metasedimentary to volcaniclastic nature of the host rock suggests that this is a Besshi-type deposit. The setting, mineralization, and host rocks are all remarkably similar to the Goldstream deposit located 80 km north of Revelstoke, B.C. The Goldstream Mine operated from 1983-84 and again from 1991-96, producing over 2 million tonnes of ore at a grade of over 4 % Cu and 2.2 % Zn.
The known strike length of the mineralized zone is 425 m and is open in both directions to the north and south.
F-4 Target
This target, also known as the Big Gulp, occurrence has been interpreted to be a possible stringer zone to a MS deposit and has been defined through geology, geophysics and prospecting. Grab samples from bedrock by a major company returned values up to 8% Zn with minor Cu. Stream sediment analysis also supports the potential for VMS mineralization nearby with similar mineralogical patterns as known massive sulphide occurrences within the project area. Geology, geophysics, trenching and diamond drilling will further evaluate this target.
F-7 Target
Prospecting in early 2001 identified a zone of massive sulphide and stringer type float boulders with grades up to 10% combined Cu/Pb/Zn strewn over an area of 250 m, which is near an airborne EM anomaly. A set of 3 test lines surveyed by HLEM identified a conductor slightly up-ice from the boulders. Trenching failed to reach bedrock but the sub crop material exposed near the bottom of the trench was similar to the host rocks as in the F-1 massive sulphide occurrence 1.5 km to the east. This target will be further evaluated by geophysics and diamond drilling in the upcoming programs.
F-2, F-3, F-5, F-6 Targets
These geophysical targets will be advanced through the stages of the exploration process by prospecting, geological mapping, geophysical surveying, trenching and geochemical programs, which it is anticipated, will advance these targets to the drill stage.
SCR Project (SCR location map)
The SCR project is a significant VMS/Sedex prospect with the discovery of semi-massive to massive sulphide and stringer sulphide mineralization in float and in bedrock of altered intermediate to mafic volcanic rocks of the Sellers Creek Road area. Sulphide minerals include pyrite, pyrrotite, chalcopyrite, sphalerite and galena.
Geophysical surveys have successfully outlined significant, coincident magnetic and conductive anomalies (HLEM) near the discovery area and near the area of Cu, Pb and Zn soil anomalies. Boulders discovered by prospecting have concentrations as high as .5% Cu, 7% Pb, 16% Zn with anomalous Au and Ag associated with the mineralization. (SCR soils and SCR magnetics).
Recent 2003 exploration activity has focussed on trenching of four target areas comprised of 200 metres in length. The targets chosen have coincident geochemical and geophysical anomalies in areas of favorable geology. These trenches were excavated to approximately a five-metre depth.
Mineralized and/or variably oxidized boulders were found distributed sporadically in the till in the trenches. The sulphide mineralization consists of pyrite, pyrrhotite, chalcopyrite, sphalerite and galena. As bedrock was not reached in all trenches, the till was sampled to determine the geochemical patterns present in the SCR project and to help determine the proximity to the source of mineralization. The till sampling resulted in identifying samples with values up to 479ppm copper, 335ppm lead, 767ppm zinc, 182ppb gold and 2300ppb silver. These results, along with trace element associations and the local geology, are consistent with a polymetallic sediment hosted massive sulphide (Sedex) environment. Similar geochemical patterns were discovered in the till in all trenches indicating the source of the anomalies may be caused by similar mineralization-forming processes.
Future exploration work is to include additional trenching using a larger backhoe as well as modern geochemical techniques to help locate buried mineralized targets and an initial exploration diamond-drilling program to acquire more geological information for future programs and to initially test the coincident geophysical and geochemical anomalies. Airborne geophysical surveys of the SCR project may also be undertaken, depending on activities on other properties of the Company.
The high-grade mineralization identified in float on surface, along with coincident Cu/Pb/Zn/Ag/Au soil and till anomalies and large, strong geophysical anomalies makes this project a high potential target.
Rollie Project Summary
The project's eastern boundary adjoins the Company's Frank Creek and SCR massive sulphide project areas.
The project area hosts a mineralized occurrence that has been recently identified by B.C. government geologists as a Besshi-type massive sulphide occurrence.
During 2003, geological mapping was completed along a 150 metre-long section of roadside outcrops in the immediate vicinity of the mineralized zone, and mapping was also carried out over a wider, two kilometre long area to the southwest and northeast of the showing. Eighteen rock samples were taken for lithogeochemical analysis and assays as well as for petrographic study. This work has defined a target for diamond drilling in the next phase of exploration.
The showing consists of a 10 to 15 metre long by 1.5 metre wide zone of gossanous sedimentary rocks that contains a 1.5 by 3.0 metre wide zone of heavily disseminated to semi-massive sulphides comprising up to 50% pyrite, pyrrhotite, arsenopyrite and chalcopyrite.
The mineralization is hosted by greenish-grey, siliceous altered phyllite. The sulphides are present in varying amounts up to 40-50 % over the entire 7 metre-long outcrop immediately adjacent to the road. A second mineralized occurrence of similar appearance lies 85 metres to the southwest of the main showing but is poorly exposed. Sampling from previous programs and the 2003 program returned copper values up to 0.3 %. This zone will become the initial focus of the next phase of exploration on this project.
Previous exploration in the general vicinity of the Rollie project included geochemical and geophysical programs and diamond drilling of 7 holes comprising 1,033 metres. The past programs along with current work have identified an area for follow-up exploration starting with diamond drilling of the roadside target.
Of interest is a large well-mineralized boulder found immediately northeast of the Rollie Creek bridge. This metre-size boulder consists of coarse sandstone containing a vein about 20 cm wide of massive pyrrhotite-pyrite-chalcopyrite-galena-sphalerite. Although the boulder has been transported, its location adjacent to Rollie Creek suggests that it was carried down that drainage, making the Rollie Creek area a good prospecting target. A chip sample of the sulphide vein returned values of 4 % copper, 0.4 % lead, 0.3 % zinc and 63.5g/t silver.
Encouraging results from the Rollie project, along with the previous identification of massive sulphide occurrences on the Ace, Frank, and SCR projects, underscores the potential for discovery of polymetallic massive sulphide mineralization in the Barkerville Terrane.
Other Exploration
In 2003, Barker Minerals undertook a limited program of geological mapping, geochemical sampling and trenching on the Ace, Frank Creek, Kangaroo Creek, SCR and Rollie Creek properties.
Trenching Program
Backhoe trenching was carried out on the Ace, Frank Creek and SCR properties from June to August 2003. A total of 1067 metres of trenching in 24 trenches was completed and 48 geochemical samples (multielement and whole rock analyses) were taken on the three properties. This work is broken down as follows:
Ace Property - 11 trenches, 428 metres total trenching, 9 till samples analysed, 12 rock samples analysed.
Frank Creek Property - 10 trenches, 530 metres total trenching, 7 till samples analysed, 15 rock samples analysed.
SCR Property - 2 trenches, 109 metres total trenching, 2 till samples analysed, 3 rock samples analysed.
The trenches were mapped and sampled by Sean McKinley, P.Geo. with consultation from Dr. Trygve Höy, P.Geo. (Consultant Geologist) and Dr. Tim Barrett (Ore Systems Consulting).
Geological Mapping
A preliminary geological assessment of a portion of Barker's Kangaroo Gold Project was carried out in November 2003. A total of 4 days of roadside mapping and geochemical sampling was completed. Eleven whole rock lithogeochemical samples were taken.
Drillcore relogging and sampling
Barker geologists continued their program of re-evaluating old drillcores from the Frank Creek and Ace Properties in their ongoing interpretation of the regional geology. Numerous samples from Ace and Frank Creek drillcores were taken by Dr. Tim Barrett of Ore Systems Consulting as part of his ongoing lithogeochemical and stratigraphic study of the areas.
Ore Systems Consulting to Provide Geological Report
A geological study of the Frank Creek and Ace massive sulphide prospects by Ore Systems Consulting will soon be completed. The results of these studies will have direct implications for the next phases of exploration on the Ace and Frank Creek projects and the potential of these areas to host massive sulphide mineralization. Dr. Tim Barrett and Dr. Wallace MacLean of Ore Systems Consulting have previously worked on many volcanic-associated massive sulphide deposits in Canada and overseas, including deposits of the Noranda and Matagami camps of Quebec, the Timmins area of Ontario, the Cordillera of British Columbia, and deposits in Alaska, Sweden, Wales, Portugal and the Philippines. They have published numerous research papers on these deposits, and also completed many private reports for mining exploration companies.
Barker Minerals will integrate the new results with known geophysical and soil-geochemistry anomalies on the Frank Creek and Ace projects property in order to select high-priority drilling targets for the next phase of exploration
Quesnel River and Likely Area, Gold, Silver and Platinum Potential (gold fields map)
Early Placer Gold and Platinum History
Records of gold mining in the Quesnel River date back to the earliest history of placer mining in the province. As early as 1852 it was mentioned that gold nuggets from unknown sources were traded at the Hudson's Bay Company trading post in Kamloops. The mining of substantial amounts of placer gold began in 1857 in the tributary of the Thompson River, which led to an influx of several thousand miners into the Fraser River valley. A number of more adventurous prospectors worked up the Fraser in search of new placers and possibly the lode sources. Their continued prospecting efforts led them up the Quesnel River to what is known as Quesnel Forks. Rich river-bar gold was found in this location in 1859. Barker Minerals Kangaroo Gold Project is located in an area immediately north of Quesnel Forks and covers the drainages and creeks draining south to this historic area.
The news of the rich placers in the Cariboo spread quickly and the great Cariboo rush began. In 1860, prospectors worked from Quesnel Forks up the Cariboo River as far as Cariboo Lake. Rich placers were found on a number of creeks in the Cariboo Lake area. As prospecting continued over the divide towards what is known as the Barkerville gold district, rich discoveries in 1861 triggered a rush of thousands of miners to the area.
In the early century significant placer operations were conducted on the Quesnel River with a number of major hydraulic operations such as at Twenty Mile Creek (20 Mile photo) where over $1,000,000 was spent between 1909-1911 on preparations alone, for placer mining of gold and platinum. Also of significance is the world famous "Bullion Pit" where in excess of 180,000 ounces of placer gold were recovered with 1/100th that amount (1800 ounces) recovered in platinum. (Bullion Pit) Government reports state that Quesnel River placer gold production was very substantial but the total is uncertain as much of the early production was not recorded and the accuracy of later production is suspect.
The Quesnel River has since had almost continuous placer mining operations ongoing at various levels of intensity dependent on economic conditions and cycles over the past number of decades. A number of Barker's projects were staked for the purpose of tracking down the original sources of the significant placer gold. It is estimated that over 50% of all placer gold recovered in British Columbia has come from the Cariboo's creeks and rivers, and yet less than 5% of the total hard rock gold produced in B.C. has come from the Cariboo district. These ratios indicate the significant untapped potential for the discovery of new bedrock gold deposits in the district.
Quesnel Platinum Projects (location map)
The Quesnel Platinum Project area was staked for its platinum group elements (PGEs) potential, potentially favorable geology, the recent dramatic increase in the price of PGEs and the apparent lack of previous PGE exploration in this potentially favorable area. It contains zones of mafic volcanic rocks and may contain some of the mafic to ultramafic source rocks for some of the PGEs recovered from the predominantly gold-bearing placers associated with the Quesnel River and its tributaries. Some placer deposits associated with the Quesnel River and some of its tributaries emanating from the north and east contain potentially significant concentrations of PGEs (Rublee, 1986). The highest concentration was obtained from a pan concentrate sample collected from Twenty-Mile Creek that assayed 2195 g/t Pt, 2210 g/t Pd and 1440 g/t Os. (Barker Minerals Maude gold/copper/PGE project area) In this concentrate, the PGEs were found as minute metallic grains within larger grains of magnetite and chromite.
Subsequent field and laboratory verification studies by the British Columbia Geological Survey (BCGS) in 2001 confirmed the presence of concentrations of Gold and PGEs in the Quesnel River drainage concentrates, and also recognized a new platinum occurrence in Barker's Blackbear Silver/Gold project area. Concentrations of gold in the Quesnel River from this study are up to 259 g/t gold from fire assay analysis. Blackbear Creek returned concentrations up to 7.3 g/t Pt and 3.8 g/t of Au by ICP-MS analysis. One Quesnel River sample returned concentrations of Au up to 788 g/t by ICP-MS method.
The BCGS has plans to further these studies by re-analyzing selected samples from a few areas, including the Quesnel River, for the complete suite of PGEs which results will be used to help characterize source deposit types and to highlight areas where field work could be conducted to characterize the gold and platinum placers and determine lode proximity.
Ace Gold Potential (discovery gold)
Grab samples collected from many boulders contained significant concentrations of gold and/or base metals. The average of 53 widespread float boulders comprised of sulphide-bearing quartz veins was 3.1 g/t Au, with concentrations ranging up to 29 g/t Au.
In a petrographical report prepared for Barker Minerals on samples from the Ace project Andrzej Skupinski Ph.D, states: "In four polished mounts and two polished sections over 30 grains of native gold were detected. Native gold mainly occurs close to the borders between sulphides and quartz. Frequently, gold is intergrown with tellurides and native bismuth. As a rule, all above minerals precipitate in close proximity to each other. By visual evaluation, volumetric contribution of telluride minerals in quartz vein (float boulders) is 100 times higher than that of native gold." (Petrographics photo)
Bob Lane, Regional Geologist, Ministry of Energy and Mines states in a 2000 published report:
"The Ace's host rock lithology and metal content suggest an affinity to well explored gold quartz veins of the Yanks Peak and Cow Mountain areas to the north. The geological setting, style of mineralization and geochemistry suggest an analogy to the "Plutonic/associated" or "Pogo/Type" Gold vein model."
The Ace project area has significant similarities to the Intrusion (or Plutonic) Related Gold System model setting as advanced by Lang, Baker, Hart and Mortenson, as it contains geology and mineralogy similar to that of the Yukon and Alaskan settings that host a variety of intrusion related gold deposits such as Fort Knox (158 Mt@ 0.83 g/t Au; Bakke, 1995), Brewery Creek (13.3 Mt @1.44 g/t Au; Diment and Craig, 1998), Dublin Gulch (50.3 Mt @ 0,93 g/t Au; Northern Miner, 1997), True North (16.8 Mt @ 2.5 g/t Au; Harris and Gorton). The newest and highest-grade discovery in the belt is the Pogo deposit (Smith et al., 1999; 9.98 Mt @ 0.52 oz/t Au).
Dr. Höy comments in a preliminary report to BML (July 2003)
" Trace element chemistry, form and host of Ace gold mineralization indicates that it is a distinct deposit type, probably similar to the intrusive-related gold deposit model. These deposits are associated with intrusive rocks that may be structurally controlled and can therefore strike at high angle to the stratigraphy. South of the "felsite fault" several pronounced northeast trending zones parallel late faults, and these may be the local controls for intrusions and structures that control the distribution of the gold-bismuth-telluride mineralization of the Ace area".
Frank Gold Potential
Trenching of one of the soil anomaly targets in the immediate vicinity of the Frank F-1 massive sulphide occurrence discovered a 15 metre wide zone of shearing, with numerous brecciated and folded quartz-carbonate veins that contain pyrite, sphalerite and galena. The zone cuts deformed and faulted black phyllites with abundant disseminated pyrite. The zone has many similarities to the mesothermal or motherlode-style gold mineralization, including host mineralogy, carbonate alteration and proximity (less than 100m) to a structural break characterized by ultramafics and listwanites. Further trenching, sampling, analyses and eventually drilling are planned to test the extent of this new discovery.
This new discovery is also within a few hundred metres of anomalous gold in 2 previous percussion drill holes and is also upslope less than 1 kilometre from historical and modern day placer gold operations in Frank Creek.
Blackbear Highgrade Silver/Gold Project (location map)
In consideration of the substantial and sustained increases in the price of silver and gold, the Company is formulating a program to advance its silver and gold projects, initially, its silver/gold Blackbear Project which is located near Likely B.C.
Dr. Trygve Höy is currently compiling the results of all past exploration programs in the Blackbear Project area and will be providing a summary report to the Company, which will be used to assist in planning the next phase of exploration of this high-grade prospect.
The Blackbear Project has numerous high-grade surface showings of silver and gold-rich galena (galena photo). Previous exploration work by Barker resulted in grab samples assaying (up to 142 oz/t silver (Ag) (4540 g/t Ag), 0.08 oz/t gold (Au) (2.5 g/t Au.) and 52% lead). Also, B.C. Minfile reports state that a sample of selected ore for shipment from historic production from the now idle Providence Silver/Gold Mine, which is within the Blackbear Project area owned by Barker, assayed 104 oz/t silver (Ag) (3,343 g/t Ag.), 0.15 oz/t gold(Au) (4.9 g/t Au.), 0.11% zinc and 45.7% lead.
Kangaroo Gold Project (location map)
The Kangaroo Gold project is located near the historic Quesnel Forks placer area on the Quesnel River. The geology on the Kangaroo project is similar to the QR and Cariboo gold projects, which are to the west of the project area.
The Kangaroo project area is highly anomalous in gold, and gold pathfinder minerals in stream sediments draining the project area into the Quesnel River. Government studies identified areas of the Kangaroo project as having the highest potential for gold and precious metals on the entire 93A mapsheet.
Of interest is the neighboring Cariboo property of Cross Lake Minerals which has a historic diamond drill hole completed by Corona Gold Corporation in 1989 that intersected 5.26 g/t gold over an 8.5 metre interval (0.15 oz/t over 27.9 feet). The area of the drill hole is associated with coincident magnetic, IP and soil geochemical anomalies along the contact of a diorite intrusive, similar to the intrusive associated with the QR deposits.
The historical drill hole of Corona's is located within a short distance from the boundary of the Kangaroo project. The significant drill intercept along with all other historical information in the area makes the Kangaroo project a high potential area for discovery of favorable geology and gold mineralization, and also possible copper/gold/moly mineralization.
Ready For Drilling
Most of the geophysical anomalies on the Ace and Frank Creek projects obtained in earlier studies have yet to be tested or explained. The next phase of exploration is being planned to begin systematic exploration drilling of the numerous drill targets defined on the Ace and Frank projects from previous programs.
Five projects are ready for drilling. Each project hosts multiple and clearly identified drill targets. Over the past number of years Barker has built a large inventory of drill targets. It is anticipated that ongoing exploration will continue to generate more drill targets well into the future.
The next phase of trenching and exploration drilling is now being planned to follow up the encouraging results received in the first phase of exploration drilling. This program will continue to test existing targets and also begin the first round of exploration drilling on a number of high priority targets on the Ace, SCR and Frank MS projects.
Economic Potential Independently Verified
Precious metal and massive sulphide deposit potential has been independently verified by: Strathcona Mineral Services Ltd; the Geological Survey of Canada; the B.C. Geological Survey and a number of major mining companies. Potential ore grades have been identified on surface. Size potential has also been demonstrated by exploration work to date.
Government Comments:
"In the Likely area, 75 kilometres northeast of Williams Lake, Barker Minerals Ltd. continued geological mapping and geophysical surveys over its Frank Creek and Ace volcanogenic massive sulphide showings. Although the felsic rocks at Frank Creek are different from those at the Ace showing to the northeast, the proximity of the two zones in the Barkerville Terrane enhances the potential of discovery of more VMS deposits within the belt."
Tom Schroeter
Information Circular 2001-1
Ministry of Energy and Mines
World Class Geological Program
One of Barker's major strengths is its world-class geological program. Not only does Barker have an independent qualified person (QP) to advise on it's exploration programs and to write technical reports, the company has also hired experts with significant experience in massive sulphide and precious metal exploration around the world. Barker hires its geological consultants on an "as needed" basis throughout the year. This cost-efficient corporate strategy results in expert advice with minimal overhead. The Company has hired the ongoing services on an as needed basis of Strathcona Minerals of Toronto to provide an independent opinion on procedures, quality control, security, and to provide recommendations on results. Strathcona Minerals is the highly reputable, world-renowned mining consultancy hired by regulators to investigate and ultimately expose the Bre-X scandal of the mid-nineties.
"The most likely targets on the Ace Property are Besshi-type sediment hosted massive sulphides and vein-type gold mineralization."
Strathcona Mineral Services Limited, 1998.
Major Company Interest
There are currently a number of major mining companies following Barker's progress. These companies have expressed an ongoing interest in potential joint venture partnerships should a major discovery occur.
"We appreciate the excellent cooperation that we have received from you and your team in aiding us in our review, and commend you for the highly professional manner in which you have carried out your exploration and compiled the resulting data."
Inco Technical Services Limited
December 2000
Company Activities
Barker was well represented at the 2003 Prospectors and Developers Association Convention (PDAC) mining conference in Toronto with the company having a booth for the 4 day conference, and also maintaining contact with previously cultivated relationships by providing a number of presentations to key people from major companies, financial institutions and other potential investors. The mood was more upbeat with most agreeing that we are in the early stages of a long term bull market in the resource sector.
There was talk from the majors themselves that if exploration for new gold deposits does not get going soon the resources will dry up in around 10 years. The current environment is only increasing the potential value of our extensive projects with potential for discovery of both base and precious metals. We believe that a new mineral discovery would create significant exploration interest by both junior and majors in the district.
Property Acquisitions
During late 2003 the Company staked 10 units of mineral claims, which were acquired to cover possible extensions of geochemical and geophysical anomalies from the Kangaroo gold property, which were outlined by previous exploration programs.
In March 2003 the Company also acquired, by way of staking, two exploration project areas that will be evaluated for their gold, copper and platinum group elements potential. The mineral claims are located in the southern area of the Cariboo Mining District in East Central British Columbia. The new projects consist of 63 and 85 mineral claims respectively and total approximately 9,143 acres or 3,700 hectares in size.
One of the new project areas was staked south of the Mt. Polley Mine for its gold and copper potential. The recent significant new discovery by Imperial Metals will enhance the potential for other discoveries in the area.
Public Relation Activities
As Barker is relatively unknown within the investment community a number of activities are being planned to get the company better known. Information meetings will be ongoing throughout the year for potential investors, mining analysts, brokers, and mining companies to create awareness about the company as we prepare for the next leg up in the gold bull market.
The Company will be attending a number of mining conferences across the country throughout the year to continue to create investor interest and awareness.
Marketing programs will also be conducted throughout the year to create awareness through the internet and other information disseminating venues where we can continue to get our exciting story out to the investing public.
Corporate
Due to major accounting and large company scandals, further changes to corporate governance requirements are expected to be introduced by regulators and exchanges in Canada. Reforms we may expect to see include the requirement of public companies to have a majority of independent directors and a majority or all independent members on Audit committees. We are pleased to report that Barker currently has a majority of independent directors and a majority of independent members on its Audit and Compensation committees.
Undervalued With Unlimited Upside Potential (link to undervalued list)
In its ten year history the company has never sold any shares from the treasury under $0.25 per share (pre-IPO share chart) and limited secondary market trading below $0.25 per share.
Currently there are approximately 27 million shares outstanding and as of the AGM in May 2003 there were almost 24 million outstanding, of which only 9 million shares were registered in accounts with 26 different financial institutions.
The AGM was well represented with 51% of all outstanding shares represented and all items passed 100%.
In February of 2002 at the time of our IPO the company had 350 shareholders and just over 1 year later we had more than doubled to 760 shareholders. We welcome the additional shareholders since then who have purchased shares on the open market over the past year, and also, investors who have purchased shares through private placements directly through the company.
Management, directors, employees, close friends and relatives control a significant amount of the shares of the Company. Barker is a tightly held stock, which offers significant upside with any exploration success, and a very limited downside.
Developing Area Play
A recent significant discovery by Imperial Metals at their Mt. Polley Mine near Likely resulted in a share price increase of their stock from $0.40 per share to a high of $7.00 per share. This discovery and follow-up investor interest are a good example of investor success by positioning oneself ahead of drilling and a potential discovery. Discoveries like Imperial Metals are great reminders why investors take the risks they do in investing in exploration companies. This also shows that BC is being looked at more favorably than with previous governments and any exploration success should be met with significant investor interest.
Other companies are very active in the district and significant financings have been completed for exploration in the Cariboo recently, which will greatly increase the potential of discovery in the district.
A government sponsored airborne geophysical survey was completed in the fall of 2003 over the Mount Polley/Horsefly areas (link to map & text). The data will be released early in the new year and is expected to bring exploration interest to the high mineral potential district. Only 15% of the area surveyed was staked before the survey took place. A number of our projects are covered in the survey and the results will aid in future exploration plans on these projects.
Outlook
It is believed by many that the next leg up in the bull market will include investor interest in companies that have significant "discovery" potential. Our strategy of developing drill targets over the years in anticipation of a bull market should pay off handsomely for our shareholders as we enter the next phase of the resource cycle where good properties will be in high demand. Most of our projects will have added appeal as they were developed through the exploration process and are thus considered virgin projects, this is a big factor in the interest expressed by both the majors and government geologists alike.
Gold, Platinum and Silver prices have recently been making new highs and are projected to continue higher over the near to medium term. The base metal prices have been very buoyant of late also and are in a possible bull market phase themselves.
With all the above factors coming together at the same time the company's future has never been brighter and a great year ahead is anticipated for Barker Minerals and its shareholders. We are eager to begin to unlock our potential value through discovery by beginning to test some of the high potential drill targets defined to date.
Barker has continued its systematic and methodical exploration approach to advance a number of project areas with numerous targets to the exploration drill stage. The vast number of drill targets has significantly increased the Company's chances for discovery. Barker has spent many seasons defining drill targets in preparation for this resource bull market and is fortunate to have many drill targets ready for testing just as the gold sector bull market has begun. As a result the Company and its shareholders are well positioned with multiple opportunities for significant mineral discoveries over both the short and long term.
We would like to take this opportunity to thank all of our shareholders for their continued support as we look forward to this exciting time in the Company's history.
Sincerely yours,
Louis Doyle
President/CEO
Barker Minerals closes $96,437 equity financing
2004-01-28 09:08 ET - News Release
Mr. Louis Doyle reports
BARKER UPDATES SHAREHOLDERS AND ISSUES 385,751 UNITS
Barker Minerals has issued 385,751 units at 25 cents per unit for gross proceeds of $96,437, pursuant to a non-brokered private placement. Each unit consisted of one common share of Barker and one-half of a common share purchase warrant and each whole warrant is exercisable into one common share for a two-year term at a price of 35 cents per share in the first year and 45 cents per share in the second year. The common shares and warrants issued are subject to hold periods that expire, in respect of 213,751 units, on May 19, 2004, and in respect of the balance of units, on May 27, 2004. A total of $3,000 was paid to finders in connection with the placements.
Louis Doyle, president and chief executive officer, is pleased to make available to shareholders of Barker Minerals a summary of the company's activities and its plans going forward, the report is posted on the company's Web site under company news and is titled "report to shareholders."
Over the past 10 years, Barker Minerals has acquired and advanced exploration on its over 265,000 acres of mineral properties in the Cariboo mining district, which is located along the Cariboo gold district, one of the most mineralized belts in British Columbia. The company has 17 projects at various stages of the exploration process, with five projects having defined drill-ready gold targets and precious metal-bearing, massive sulphide targets on its 100-per-cent-owned properties.
Got some for sale @ .22 this morning. Should see .30+ again.
BARKER MINERALS LTD.
TSX VENTURE SYMBOL: BML
DECEMBER 2, 2003 - 12:53 ET
Barker Updates Exploration Program and Defines Drill
Target on Rollie Project
VANCOUVER, BRITISH COLUMBIA--Barker Minerals Ltd. (the "Company":
BML - TSX/V) President and CEO, Louis Doyle is pleased to provide
an update summary on the Company's Rollie Project, a massive
sulphide prospect located in the Cariboo mining district. The
project area also has potential for discovery of gold and silver
vein-style mineralization.
Rollie Project Summary
The project's eastern boundary adjoins the Company's Frank Creek
and SCR massive sulphide project areas and is located in the
Cariboo mining district near the community of Likely, in
east-central B.C. The project area hosts a mineralized occurrence
(MINFILE 093A 163) that has been recently identified by B.C.
government geologists as a Besshi-type massive sulphide
occurrence.
During 2003, geological mapping was completed along a 150
metre-long section of roadside outcrops in the immediate vicinity
of the mineralized zone, and mapping was also carried out over a
wider, two kilometre long area to the southwest and northeast of
the showing. Eighteen rock samples were taken for
lithogeochemical analysis and assays as well as for petrographic
study. This work has defined a target for diamond drilling in the
next phase of exploration. The showing consists of a 10 to 15
metre long by 1.5 metre wide zone of gossanous sedimentary rocks
that contains a 1.5 by 3.0 metre wide zone of heavily
disseminated to semi-massive sulphides comprising up to 50%
pyrite, pyrrhotite, arsenopyrite and chalcopyrite. The
mineralization is hosted by greenish-grey, siliceous altered
phyllite. The sulphides are present in varying amounts up to
40-50 % over the entire 7 metre-long outcrop immediately adjacent
to the road. A second mineralized occurrence of similar
appearance lies 85 metres to the southwest of the main showing
but is poorly exposed. Sampling from previous programs and the
2003 program returned copper values up to 0.3 %. This zone will
become the initial focus of the next phase of exploration on this
project.
Previous exploration in the general vicinity of the Rollie
project included geochemical and geophysical programs and diamond
drilling of 7 holes comprising 1,033 metres. The past programs
along with current work have identified an area for follow-up
exploration starting with diamond drilling of the roadside
target.
Of interest is a large well-mineralized boulder found immediately
northeast of the Rollie Creek bridge. This metre-size boulder
consists of coarse sandstone containing a vein about 20 cm wide
of massive pyrrhotite-pyrite-chalcopyrite-galena-sphalerite.
Although the boulder has been transported, its location adjacent
to Rollie Creek suggests that it was carried down that drainage,
making the Rollie Creek area a good prospecting target. A chip
sample of the sulphide vein returned values of 4 % copper, 0.4 %
lead, 0.3 % zinc and 63.5g/t silver.
Encouraging results from the Rollie project, along with the
previous identification of massive sulphide occurrences on the
Ace, Frank, and SCR projects, underscores the potential for
discovery of polymetallic massive sulphide mineralization in the
Barkerville Terrane.
Gold and Silver Potential
The presence of previously reported gold-silver-bearing veins in
the Rollie project area, together with its favourable geology and
proximity to important placer gold producing drainages such as
Keithley Creek, also make the Rollie project area a prospective
precious metal exploration target.
A qualified person under National Instrument 43-101 has verified
the data contained in this news release.
Options Allocated
The Company also reports that it has allocated 200,000 options to
its directors, senior officers, employees and consultants
pursuant to its option plan, each option being exercisable into
one common share of the Company at $0.25 per share for a period
of five years. The issue of the foregoing options is subject to
the approval of the TSX Venture Exchange.
Ore Systems Consulting to Provide Geological Report
The Company also reports that a geological study of the Frank
Creek and Ace massive sulphide prospects by Ore Systems
Consulting will soon be completed. President Louis Doyle states,
"the results of these studies will have direct implications for
the next phases of exploration on the Ace and Frank Creek
projects and the potential of these areas to host massive
sulphide mineralization". Dr. Tim Barrett and Dr. Wallace MacLean
of Ore Systems Consulting have previously worked on many
volcanic-associated massive sulphide deposits in Canada and
overseas, including deposits of the Noranda and Matagami camps of
Quebec, the Timmins area of Ontario, the Cordillera of British
Columbia, and deposits in Alaska, Sweden, Wales, Portugal and the
Philippines. They have published numerous research papers on
these deposits, and also completed many private reports for
mining exploration companies.
Barker Minerals will integrate the new results with known
geophysical and soil-geochemistry anomalies on the Frank Creek
and Ace projects property in order to select high-priority
drilling targets.
Barker Minerals Ltd. is a mineral exploration company focused on
the discovery of economic precious and base metal mineral
deposits. Barker beneficially owns a 100% interest in 18 projects
comprised of approximately 4,275 mineral claim units
(approximately 264,099 acres) located in the Cariboo Mining
District of east central British Columbia.
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Barker Minerals Ltd.
Louis E. Doyle
(604) 530-8752
(604) 530-8751 (FAX)
Email: barker@telus.net
Website: www.barkerminerals.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Same way as posting a chart, have a look and play at the TEST board.
http://www.investorshub.com/boards/board.asp?board_id=107
Replace the "http://" with "[ch.art]" and place "[/ch.art]" at the end. Like I have shown less the quotations and "." periods.
I note MCarvill has no trouble coming up with buckets of cash to spend in far off lands.
I am not sure whether to believe his rumours of Yanacocha like dimensions to the resources.. yada yada... but anything can happen.
EC<:-}
That's the cross of St George, so i betcha 'tackler' has had help from some woofer of an english football club -g- .... gee i forgot about this thread, in retrospect it was kind of dumb to set up financing as a separate topic, because inherent in every story of every junior is the struggle to get cashed up enough to get out in the field and drill ..... it's just so integral to every project, no way can it be separated
Louis Doyle will get his 750k, then he will get out there and apply it productively .... eh? .... looks like a support move today, oldtimers bidding the share up a little ... that's what it takes .... good to see you Jack, you're not around these threads enough imho ... cheers
Just great tackler; how did you do that ???
Barker Receives Exploration Permit
Friday May 30, 5:10 pm ET
VANCOUVER, BRITISH COLUMBIA--Barker Minerals Ltd. (BML - TSX/V) The Company reports that the exploration permit from the British Columbia Department of Mines has been approved for the upcoming exploration season. Exploration activities are planned to commence in early to mid-June on the Frank, Ace and SCR gold and massive sulphide targets.
ADVERTISEMENT
Over the past nine years the company has built up a strong team of professionals, which includes a board of directors comprised of individuals with a broad range of talents and business experience, including experience in public companies and mineral exploration. Directors elected at the Company's Annual General Meeting ("AGM") held in Vancouver on Monday May 26, 2003 are as follows:
- Louis E. Doyle, President, CEO, the founder of Barker and the driving force in advancing the company;
- Mark T. Brown, C.A., CFO, formerly with PriceWaterhouseCoopers, Eldorado Gold Corporation and Miramar Mining Corporation, now President of Pacific Opportunity Capital Ltd., involved in raising equity and debt capital, and coordinating corporate finance and acquisition activities.
- Tex C. Enemark, Independent Director, former Deputy Minister of Consumer and Corporate Affairs in the BC government and first full time president of the Mining Association of BC;
- Peter Hardychuk, Independent Director, businessman with a significant shareholding in the Company;
- Jerry J. Kristian, B.Comm. Independent Director, businessman from Saskatchewan with a significant shareholding in the company;
- James A. Kasten, M.Sc. (Geology), Independent Director, previous senior exploration geologist for several major mining companies;
- Stephen G. Price, Barrister and Solicitor, Independent Director, practices Law in BC and previously a RCMP officer.
A total of 12,258,736 shares were represented at the AGM. 5,444,489 shares were represented in person and 6,814,247 were represented by proxy, which translates into a 51.49% representation of total shares outstanding. All resolutions, including the approval of the Option Plan by disinterested shareholders, were passed by over 99%. Barker's registered and non-registered shareholder base now number 760, approximately double the number at the time of last year's AGM.
The company would like to thank their shareholders for their continuing support as shown by the many who took the time to vote their shares at this years AGM.
--------------------------------------------------------------------------------
Contact:
Barker Minerals Ltd.
Louis E. Doyle
Phone: (604) 530-8752
Fax: (604) 530-8751
Email: barker@telus.net
Website: www.barkerminerals.com
' Barker flow-through, non-flow-through financing
Barker Minerals Ltd BML
Shares issued 22,818,902 Mar 19 2003 close $ 0.26
Friday March 21 2003 Private Placement
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 28, 2002.
No. of shares: 16,000 flow-through shares and 974,128 non-flow-through shares
Price: 35 cents per flow-through share and 25 cents per non-flow-through share
Warrants: 487,064 share purchase warrants to purchase 487,064 shares
Warrant price: 40 cents for a one-year period and 50 cents in the second year
Placees: 55
Insider: James A. Kasten 294,800
Finders' fees:
$500 payable to Brian Rooney; $3,250 payable to Marleane
Maxwell; $1,000 payable to Cheryl Wakely; $200 payable to
Scott Gmur; $400 payable to Lillian Louise Luhmert; $450
payable to Brian Trevelyan; $200 payable to Robert Kuhl;
$1,117.50 payable to Barbara Bachmeier; $500 payable to Brian
Hall; $250 payable to Odlum Brown Limited; $550 payable to
Cory Braak; $1,945.70 payable to Scotia Capital; and $200
payable to Wolverton Securities
Pursuant to Corporate Finance Policy 4.1, Section 1.11(d), the company must issue a news release announcing the closing of the private placement and setting out the expiry dates of the hold period(s). The company must also issue a news release if the private placement does not close promptly.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com '
.... missed posting this the other day, it precedes the release of 26 March, the one about the two new areas staked ..... don't know how much there is now in treasury, but there should be enough for a decent spring programme
Yes, i meant to link here some PDAC notes over there, you have a couple good ones at least .... the fact i don't comment on something doesn't mean i don't take it seriously, EC, just that i didn't get around to typing on it .... only so many hours in a week, until we go on the metric time system or something ..... you didn't mention the name Majistral though, is it near Queenstake, the place they bought from William? ... name occurs elsewhere of course, not uncommon, often spelled Magistral
HUI up bigtime today, and i've missed the boat on KInross except for a few shares, just decided to get back in there, slightly too late ... seems a bit early for the next significant leg up, but you never know
See my comments in SI- winter in the great white north, on Barker and the PDA.
http://www.siliconinvestor.com/
Tough getting money in this market. hmmmmm.. but diamonds go crazy. Maybe we should have started with an open pit mine in Mexico. Remember that placer situation I bid you go see about in Majistrale area? It could be sold as open pit, you know, that is all it is. You were crazy not to take it more seriously, as the money flow into those kind of projects is serious these days.
EC<:-}
' Barker Minerals stakes two B.C. project areas
Barker Minerals Ltd BML
Shares issued 22,818,902 Mar 24 2003 close $ 0.27
Wednesday March 26 2003 News Release
Mr. Louis Doyle reports
BARKER STAKES GOLD PROSPECTS
Barker Minerals has recently acquired, by way of staking, two exploration project areas that will be evaluated for their gold, copper and platinum group metal potential. The mineral claims are located in the southern area of the Cariboo mining district in east-central British Columbia. The new projects consist of 63 and 85 mineral claims, and total approximately 9,143 acres or 3,700 hectares in size.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com '
' Barker raises $123,382 on third closing of offering
Barker Minerals Ltd BML
Shares issued 22,818,902 Mar 4 2003 close $ 0.25
Thursday March 6 2003 News Release
Mr. Louis Doyle reports
BARKER MINERALS CLOSES PRIVATE PLACEMENT
Barker Minerals has completed the third closing of an offering reported in Stockwatch on Nov. 28, 2002. A total of 16,000 flow-through shares and 471,128 units, each unit consisting of one common share of Barker and one-half of a warrant, were issued for gross proceeds of $123,382. Each whole warrant entitles the holder to acquire one common share of company at a price of 40 cents per share until Feb. 28, 2004, and 50 cents per share until Feb. 28, 2005. A total of $5,863.20 was paid to finders. The shares and warrants are subject to a four-month hold period expiring on June 28, 2003.
(c) Copyright 2003 Canjex Publishing Ltd. http://www.stockwatch.com '
Now you always say
That you want to be free
But you'll come running back (said you would baby)
You'll come running back (I said so many times before)
You'll come running back to me
Oh, time is on my side, yes it is
Time is on my side, yes it is
You're searching for good times
But just wait and see
You'll come running back (I won't have to worry no more)
You'll come running back (spend the rest of my life with you, baby)
You'll come running back to me
Go ahead, go ahead and light up the town
And baby, do everything your heart desires
Remember, I'll always be around
And I know, I know
Like I told you so many times before
You're gonna come back, baby
'Cause I know
You're gonna come back knocking
Yeah, knocking right on my door
Yes, yes!
Well, time is on my side, yes it is
Time is on my side, yes it is
'Cause I got the real love
The kind that you need
You'll come running back (said you would, baby)
You'll come running back (I don't always said you would)
You'll come running back (I won't have to worry no more)
Yes time, time, time is on my side, yes it is
Time, time, time is on my side, yes it is
Oh, time, time, time is on my side, yes it is
I said, time, time, time is on my side, yes it is
Oh, time, time, time is on my side
Yeah, time, time, time is on my side
Hungry for them factoids baby,
Hungry, through and through,
I need them factoids baby,
For a real fine mine to do.
******************
And don't it seem like,
Mines just keep getting harder to find
and mines aren't bringing you the gold that is mined
You just need cash Marcos,
Before you find out it's too late, marc
You had better get cash.
No, but not with stocks marcos.
you just need cash marcos.
And don't it seem like
Mines just keep gettin' harder to find
Oh, you don't need mines, marcos
And all your mines ain't bringin' you peace of mind
You just need cash, marcos
Before you find out it's too late, marcos.
You better get cash.
No, but not with stocks
You just need cash, marcos.
You think you found the answer with that junior
stock you bought last week,
But when it falls out of bed, the world still gets you uptight.
Well there's nothing that you ain't tried
To fill the gaps on the upside,
But when it comes back down,
You know you didn't buy right.
Well you think you're gonna find yourself a little piece of paradise
But it ain't happened yet, so marcos, you better think twice
Don't you see no matter what you do
You'll never buy your way out of blue,
And if you keep on buyin'
You'll have to pay the price
No, you don't need stocks,
To help you face the world each day
Those stocks go nowhere,
I'm gonna help you find yourself another way
Marc, you thought you found the answer on that little junior mine last week,
But when you wake up in the mornin' the world still thinks you're a freak,
Well, here's nothin' that you ain't tried
To fill the empty pockets you tried,
But when the market comes down, Marcos
You know it just ain't right.
And don't it seem like -
Mines just keep gettin' harder to find
Oh, you don't need mines, marcos,
And all your mines ain't bringin' you peace of mind
You just need help, marcos
Before you find out it's too late, marcos,
You better get straight
No, you don't need stocks
To help you face the world each day
Those stocks go nowhere
I'm gonna help you find yourself another way ...
-------
Found it on his 'all roles' on stockwatch, it was Porcher Island Gold .... pig.v, i used to love its ticker, lol .... plus Golden Hemlock, Golden Quail, and a couple of others that ring a bell ... ctg had news out yesterday on three more Nevada properties yes, but also on stockwatch there was posted its AIF and annual financials, you might want to check them out on sedar if you don't have stockwatch .... this link should work though, to its AIF, i haven't read it yet - http://sedarfiles.stockwatch.com/sedar/viewsedardoc.asp?docid=356906
Goldcorp bought cdn1.0m of mnp.v today, they did that with Candente a couple of weeks ago, at least two others as well in recent weeks .... this could be a meaningful source of funds for outfits able to catch McEwen's eye ..... very smart for G to do this too, provided they pick well, because this is where the upside is in the business
There were some Heards from Kirkland Lake. Granted he went to Butte but a lot of canuckians went to skule stateside. I used to know a Heard (Don?) who was a miner in KL. Kind of humorous as he was one of those who had not worn earplugs and cut the muffler off his drill so it would not freeze. Had to shout at him to make yourself "heard".
EC<:-}
Hi Marcos. This is a friend-of-a-friend deal, but not a casual one. George Heard graduated school of mines at Butte, spent maybe 20 yrs overseas, africa, etc. Last 3 yrs of it was coal mine in indonesia. More news out today, kinda low key. All i can tell you is what i've done--bought some @.11, researched it some more, loaded up @.15. Will have to raise money, but doubt it's at these levels. lj
Barker has a good show mineralogy-wise, every PDA. It always looks interesting. It was their PDA show that seemed serious and discovery-oriented that kept me on the company. That and the VMS geology in those funny slope rocks.. What they really need is a geologist like Ken Darke to spot holes for them. Say what you will, but spotting holes for seven of the largest mines in NA had to have some kind of luck that kept rubbing off. Barker has a crapload of mineral properties that look interesting. All sulphide shows off in valleys far away, that I will guarantee you nobody ever cmaped out at. I know. Any valley I was in in BC, all had to talk to were the birds and the bournonite formations.
On character who always seems brimming with good spirits and confidence is the International Wayside Honcho Callaghan. He is positively irrepressible. And this despite his Cinderalla dream of staring an OP gold mine in BBC with a moribund stock. Got to hand it to him.
Harry Barr storms around the convention with his platinum grin, riding a wave of perpetual exploration.
EC<:-}
ctg.v - where have i heard the name George Heard before? ... rings a bell ... market cap of cdn2.3m, with 18m outstanding according to its last stockwatch release, and trading at .13 ... so they're planning to produce, by the sounds of - 'In addition the company is currently looking to add an additional 50- to 100-tonne-per-day capacity to the existing mill.'? .... how much cash do they have in treasury now? .... will they be able to get more, and at what shareprice? ... it does look interesting
I'm very much a country boy too, and a small player in juniors, strictly hobby level, and i'm not sure i'd enlarge it beyond that even if i had the money ... might, yeah, there are some highly interesting facets to it, and the opportunities improve for those with the bucks to get in on placements ... risk can increase as well, doing that, you've really got to know your stuff .... as for face to face contact being the best i agree completely, when it is possible and practical .... but i also think that over the years a person can get to know others pretty well through their typing, and this is such an instant and convenient medium of communication, i love it ... spend way too much time on the net though, there's always a few more pages to suck you in, then a few more after that
Hi Marcos. I live out West, like some stuff back east and in newfoundland--awaay back east. I like to eyeball the guys where i put my money. I havn't been doing this too long, and never was around people who ran co's etc--i'm a country boy. I walked into an oil/gas co in calgary and introduced myself. Those guys told me that very rarely does an investor drop in, and one who actually knows anything ( i used to work oilpatch) was almost unheard of. We've since become friends, I've stayed with the pres, when i'm in town. I like the personal contact, and i want to meet the people. I'm into several co's, and on most of them, when i want to know something, i call the president. Not a big investor, have been lucky enuf to find some good co's and good people. Most of it hasn't been luck--I've got a friend for a broker who is former mining engineer. He likes resources and mostly specializes in Canadian ones. He's lined me up with most of them, and i've "networked" out from there. Anyway, i'm rambling on because i've enjoyed your posts--and several others--and feel its only fair to tell something about myself. Currently i'm buying ctg.v like vul.v and believe als.v is a no brainer. gys.v looks cheap, hardly anybody knows it's alive and some games are being played. Re PDA---i'm going to meet people, I'll be glad to share what i learn. Regards. lj
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