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From EARLY WARNING REPORT UNDER NI 62-103:
"Pageland Minerals Ltd. (“Pageland”) acquired ownership of 9,056,603 common shares of Firebird Resources Inc., representing approximately 18.3% of the outstanding shares of the Company."
(9,056,603*100)/18.3 = 49,489,634 shares outstanding. Warrants??
Firebird issues 9.05 million shares to Pageland
2011-02-17 08:45 ET - News Release
Mr. Thomas Tough reports
FIREBIRD RESOURCES INC. EXERCISES OPTION ON SOUTH CAROLINA GOLD PROJECT
Pursuant to Firebird Resources Inc.'s previously announced option agreement with Pageland Minerals Ltd. dated June 24, 2010, as amended, Firebird has completed the share issuance portion of its first option to acquire a 70-per-cent interest in certain mineral leases covering the Buzzard-Jefferson-Belk properties located in South Carolina. Pursuant to the partial exercise, Firebird issued to Pageland 9,056,603 common shares at an issue price of 53 cents per issued share, representing approximately 19 per cent of the outstanding shares of Firebird.
"Firebird has focused primarily on the acquisition of key tracts of land along the Haile/Brewer gold trend in South Carolina and we are pleased to move forward with our acquisition of Pageland's Carolina slate belt properties," said Thomas R. Tough, president of Firebird Resources. Romarco's recent success at the Haile mine has underscored the fact that the area has not been extensively explored compared to other major gold belts and represents a significant opportunity to us."
In accordance with the terms of the option agreement, the shares issued to Pageland will be held in escrow until such time as Firebird exercises the first option in full by making cash payments to Pageland totalling $700,000 in the times specified in the option agreement and incurring expenditures on or in respect of the property totalling $495,000 on or before July 31, 2011. Pursuant to the terms of escrow, Pageland is prohibited from dealing with the shares in any manner, including the exercise of any voting and dividend rights attached thereto, during the period of escrow.
The shares are subject to a four-month hold period in accordance with applicable securities law and the rules and policies of the TSX Venture Exchange
Strongbow also has a Buzzard property and interestingly they quote the same historical drill hole I mentioned from the Firebird 43-101 report. Not sure about thier math converting to metric...
The Midway project also includes two land parcels that directly adjoin Romarco's Buzzard property. Reported results from exploration in the Buzzard area by Cepeda Minerals Inc. during the 1990s included highlight drill results of 129 feet (39.3 m) grading 0.259 ounce per ton gold (7.3 g/t) and 275 feet (83.8 m) grading 0.025 ounce per ton gold (0.7 g/t).
Thats the Haile mine pit? The aerial shots on Romarco's website look all together different.
Just looking at the Buzzard technical report. Historical drill hole CDD-96-1 41m of 5g/t Au including 4m of 44g/t, not bad!
Definetly in veins.
The report recommend $500,000 in drilling. Between that and the cost of the acquisition I expect a financing soon.
You can be sure they are going for gold.
I dont see your pictures or links?
Maybe its my computer
I did find this on google maps though. LOL not sure how they got a close up.
http://maps.google.com/maps?ll=34.280943,-80.883236&spn=0,0.045447&t=h&z=15&lci=com.panoramio.all&layer=c&cbll=34.280943,-80.883236&cbp=12,0,,0,5&photoid=po-5850196
Here are a few pics I took of the mine and the land. This one is from the old mine that was shut down. Speculating it will reopen very soon.
This was the site of the church that had to be relocated because of the mine.
As you can see on the header the date the church was relocated.
The way to the actually mine they had was to dense with trees and thorn bushes for me to walk beyond it and get a close up shot.
As we already know Silver, cooper, and other elements are byproducts of gold. It will be interesting to see if they can not dig up more then the gold. JMO
Someone just gave me a really interesting video on Silver.
Now that is interesting. I wonder though are they really looking for gold or other mineral deposits that are found along side of gold? Because it appears that they do mostly copper and nickel. My understanding is that there is copper associated with gold. (just speculation)
Strongbow Exploration SBW.V http://www.strongbowexploration.com
Strongbow finds 10 geochemical targets at Midway
2011-01-24 09:22 ET - News Release
Mr. Kenneth Armstrong reports
STRONGBOW IDENTIFIES TEN GEOCHEMICAL TARGETS AT MIDWAY GOLD PROJECT, SOUTH CAROLINA
Strongbow Exploration Inc. has released an update on exploration activities at its Midway gold project located in South Carolina.
Highlights include:
Results have been received for over 1,000 geochemical samples collected during the 2010 field program.
10 discrete, multielement geochemical anomalies have been identified within the Midway properties and represent priority targets for further evaluation in 2011.
Seven of the targets are located within the main Midway project area, including a robust 500-metre-by-300-metre anomaly that is coincident with altered volcanic and sedimentary rocks exposed in stream beds.
Exploration is scheduled to recommence in early February, with drilling planned to start in March, 2011.
You are very welcome.
My email address is buyittradeit@yahoo.com feel free to email me.
Revolution Resources RV.TO http://www.revolutionresourcescorp.com
Revolution drilling averages 3.01 g/t Au over 28 m
2011-01-11 09:26 ET - News Release
Mr. Aaron Keay reports
REVOLUTION DISCOVERS SECOND ZONE AT CHAMPION HILLS PROJECT, CAROLINA SLATE BELT: INTERSECTS 28.0 METERS AVERAGING 3.01 G/T AU
Revolution Resources Corp.'s drilling on its Champion Hills project at the historic Jones-Keystone mine has resulted in the discovery of a second gold mineralized zone. The Champion Hills project is located in the Carolina slate belt, North Carolina. The company's phase II 5,000-metre core drilling program is under way.
Not very sure. Will keep you updated though on any news that may comae out.
They already doubled thier land holding in the last 13 months...
The company also reports that from Dec. 31, 2009, to Jan. 31, 2011, it increased its land position from 3,900 acres to a total of approximately 7,900 acres. Approximately 94 per cent of the landholdings are owned fee simple (surface, water and mineral rights) and the balance is leased.
Presumably those letters will add more.
Thank you for the insights - very interesting. I dont see any evidence of a financing going on by Romarco. Have a look at the gold index GDX you will see that Romarco has been just following along with the pack.
I wonder if there is a way to find out what companies are paying for the fly overs?
Heck if you want the next time I am in Ridgeway I will take pitchers of that crater. Just remind me.
These letters for land went out in November and December of 2010. Notice they want to start in 2012? Should be hearing a lot more from Romarco Minerals Inc. this year. I am also pretty sure the state of South Carolina looks forward to these guys opening up shop since the job rate in S.C. is on of the worst in the country.
Nice board. The farm land that the Kennecott Minerals bought was a cotton field back in the 80's (along with a lot of other land). But the main property belong to the Murphy family. In fact, if you were to drive down to where that mine is located you will see their family cemetery. If you were to walk threw the cemetery to the other side would see a huge crater were they dug.
Haile Gold Mine as stated here http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58312888
Says (The mine, located about three miles north of Kershaw, hasn't been active since the early 1990s. But Canada-based Romarco Minerals bought it in 2007, confident that advancements in technology could help turn the mine into a gold producer again.
The company has confirmed that the mine and surrounding land contain at least 4 million ounces of gold, making it one of the more significant gold discoveries in the United States in the past decade, Romarco President and CEO Diane Garrett said.
Romarco expects the mine to produce at least 140,000 ounces per year for at least 12 years starting in 2012.
Letters from this group have been sent out to residents of the surrounding area inquiring about their property.
One of the reasons I think the shares of Romarco Minerals Inc. have falling just a tad is because they are raising the funds. Not a huge decline but some dilution in order to pay for the land In my opinion. I think most investors understand this and this is also why you see such nice volume. Also I have noticed a lot of airplanes int that area. Are they taking surveys? Not sure.
Also the rocks (mostly clay in the area) indeed have a yellow tent. But from my understanding you have to have so many tons of it just to get an ounce of gold. Now this company says they have the technology that will do the process cheaper and they are capable of finding more with their new technology.
I am also sure they are looking (or have gotten) grants to help fund their operation as well.
Romarco Minerals http://investorshub.advfn.com/boards/board.aspx?board_id=8148
Firebird Resources FIX.V http://www.firebirdres.com/
Firebird Resources gets final approval on Pageland deal
2011-01-12 15:07 ET - News Release
Mr. Thomas Tough reports
FIREBIRD RESOURCES INC. ANNOUNCES FINAL APPROVAL OF OPTION AGREEMNT
The TSX Venture Exchange has provided final approval of Firebird Resources Inc.'s previously announced option agreement with Pageland Minerals Ltd. Pursuant to the option agreement, Firebird may acquire up to a 100-per-cent interest in certain mineral leases held by Pageland within the counties of Lancaster and Chesterfield in the state of South Carolina on the terms and conditions set forth in the option agreement. The mineral leases consist of 20 separate mineral leases constituting a total area of approximately 2,000 acres over three prospective gold properties, being the Buzzard, Jefferson and Belk properties.
Firebird also announced today that it has filed a National Instrument 43-101 technical report dated July 18, 2010, with respect to the Buzzard and Jefferson prospects. The report was prepared by consulting minerals geologist Richard C. Capps, PhD, CPG, and can be found on SEDAR. Mr. Capps is a qualified person as defined by NI 43-101, and is responsible for the report and has reviewed and approved disclosure of the report.
The company intends to file additional information with respect to the report in a subsequent news release.
We seek Safe Harbor.
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