Goldstone Resources fka GRC

[MadeBucksOnThis]

great report, thank you as always

MBOT

[NYBob]

GATA Chairman Bill Murphy interviewed by GoldSeek Radio
Submitted by cpowell on
Fri, 2011-04-15 03:44.
Section: Daily Dispatches

11:43p ET Thursday, April 14, 2011

Dear Friend of GATA and Gold (and Silver):

As gold and silver blasted off today, GoldSeek Radio's
Chris Waltzek interviewed GATA Chairman Bill Murphy
for 10 minutes and you can listen to it here:

http://radio.goldseek.com/nuggets/murphy04.13.11.mp3

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

nwo elites Au $3000 & Ag $100+++ 1st target -

God Bless

[NYBob]

GRC $Gold chart live-price -



nwo elites Au $3000 1st target -

God Bless

[NYBob]

Goldstone Resources (GRC) funfiat$0.93 UP $0.16 +20.78%

Volume: 1,016,296 @ 4:59:42 PM ET Strong Demand
Bid Ask Day's Range
0.92 0.94 0.75 - 0.94
TSE:GRC Detailed Quote

GRC chart TA Signal bullish turnaround start


Goldstone’s Hardrock interest valued at $135 million -
by RBC Securities -
In a research paper dated August 2010 -

Goldstone Resources is a uniquely strong gold presence in the
Geraldton and Beardmore camps of Northwestern Ontario,
combining significant newly discovered and historic resources,
exciting exploration potential, and significant assets,
including an upgraded, fully-permitted permitted mill.

GRC Updated video with Philip Cunningham -
http://www.grcmines.com/

Active exploration at Key Lake and the Hardrock Project
The first phase of a $6.5 million, 50,000-metre 2011 gold
exploration program in the Geraldton campis now underway on -

The Key Lake Gold Mine property, where Goldstone is
seeking to add to gold resources established through a
limited program in 2010 and to establish the viability
of an open pit mining operation.
2010 drilling at Key Lake delineated a mineralization zone
with intersections such as 3.17 g/t Au over 44.0 metres
and 2.28 g/t Au over 42.7 metres.



Two rigs will drill an estimated 30,000 metres in 2011 at
Key Lake.
The objective is to expand the current resource base through
in-fill drilling—with hole targeting assisted by a recently
completed preliminary pit model—as well as to continue expanding
the mineralized corridor an additional kilometer to the west.
In addition, crews will be carrying out line-cutting and IP
surveys on other favourable geological horizons on
the property to outline further drill targets.



Key Lake borders on the The Hardrock Project,
a joint venture with
Premier Gold Mines Limited in which
Goldstone holds a 30%
carried interest.

Major discoveries were made at Hardrock in 2010 and an ambitious
eight-rig program is being carried out in 2011.

In a research paper dated August 2010, RBC Securities
valued Goldstone’s Hardrock interest at $135 million.



Increased drilling in Beardmore, near the Northern Empire Mill
While full plans for the Beardmore camp will develop over the
coming months, an additional drill rig will be employed to drill
promising extensions of the Northern Empire Mine and
the Sand River-Leitch Mine complex,
as well as the McWilliams showing on the Northern Empire
Property, which was previously drilled in the fall of 2010
and intersected a favourable gold-bearing horizon in
hole NE10-03.



Goldstone’s objective in Beardmore is to develop more gold near
the Northern Empire mill which could be developed sequentially
with those identified at its Brookbank and Northern Empire
properties.

The mill is readily expandable to 500 TPD.



Gold 1.5 million ounces of resources, and growing.



Estimates for Goldstone’s Brookbank deposit and
Northern Empire Mine properties have established resources of
more than 800,000 ounces of gold.

At the Hardrock project, the uncut estimate is 2.3 million
ounces—30% or nearly 700,000 ounces of which belong to
Goldstone through a carried interest.

A foundation of existing infrastructure
Goldstone properties are close to highways, power grids,
and local labour pools and benefit from extensive existing
mining infrastructure above and below ground including
the upgraded, fully-permitted Northern Empire mill.

A rich history of gold production -

The ten formerly productive mines on Goldstone lands—including

The Leitch Gold Mine, at one time Canada's richest—produced
in excess of 4 million ounces of gold.



These mines, which were closed primarily due to a $35 gold
price, remain open at depth and offer major untapped potential
through extensions and parallel occurrences.



Welcome to GRC more info
http://www.grcmines.com/


God Bless

[MadeBucksOnThis]

Always a pleasure to read your updates, thank you much....

MBOT

[NYBob]

Goldstone Resources (GRC) funfiat$0.75 UP $0.05 +7.14%

Volume: 78,400 @ 3:25:25 PM ET
Bid Ask Day's Range
0.74 0.76 0.71 - 0.76
TSE:GRC Detailed Quote

MadeBucksOnThis thank you

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61115255

[MadeBucksOnThis]

thanks bob, good stuff...

MBOT

[NYBob]

Goldstone’s Hardrock interest at $135 million -
by RBC Securities -
In a research paper dated August 2010 -

Goldstone Resources is a uniquely strong gold presence in the
Geraldton and Beardmore camps of Northwestern Ontario,
combining significant newly discovered and historic resources,
exciting exploration potential, and significant assets,
including an upgraded, fully-permitted permitted mill.

Updated video with Philip Cunningham -
http://www.grcmines.com/

Active exploration at Key Lake and the Hardrock Project
The first phase of a $6.5 million, 50,000-metre 2011 gold
exploration program in the Geraldton campis now underway on
the Key Lake property, where Goldstone is seeking to add to
gold resources established through a limited program in 2010
and to establish the viability of an open pit mining operation.
2010 drilling at Key Lake delineated a mineralization zone with
intersections such as 3.17 g/t Au over 44.0 metres
and 2.28 g/t Au over 42.7 metres.



Two rigs will drill an estimated 30,000 metres in 2011 at
Key Lake.
The objective is to expand the current resource base through
in-fill drilling—with hole targeting assisted by a recently
completed preliminary pit model—as well as to continue expanding
the mineralized corridor an additional kilometer to the west.
In addition, crews will be carrying out line-cutting and IP
surveys on other favourable geological horizons on
the property to outline further drill targets.

Key Lake borders on the The Hardrock Project, a joint venture with
Premier Gold Mines Limited in which Goldstone holds a 30%
carried interest.
Major discoveries were made at Hardrock in 2010 and an ambitious
eight-rig program is being carried out in 2011.

In a research paper dated August 2010, RBC Securities
valued Goldstone’s Hardrock interest at $135 million.



Increased drilling in Beardmore, near the Northern Empire Mill
While full plans for the Beardmore camp will develop over the
coming months, an additional drill rig will be employed to drill
promising extensions of the Northern Empire Mine and
the Sand River-Leitch Mine complex,
as well as the McWilliams showing on the Northern Empire
Property, which was previously drilled in the fall of 2010
and intersected a favourable gold-bearing horizon in
hole NE10-03.

Goldstone’s objective in Beardmore is to develop more gold near
the Northern Empire mill which could be developed sequentially
with those identified at its Brookbank and Northern Empire
properties.

The mill is readily expandable to 500 TPD.

Gold 1.5 million ounces of resources, and growing.

Estimates for Goldstone’s Brookbank deposit and
Northern Empire Mine properties have established resources of
more than 800,000 ounces of gold.

At the Hardrock project, the uncut estimate is 2.3 million
ounces—30% or nearly 700,000 ounces of which belong to
Goldstone through a carried interest.

A foundation of existing infrastructure
Goldstone properties are close to highways, power grids,
and local labour pools and benefit from extensive existing
mining infrastructure above and below ground including
the upgraded, fully-permitted Northern Empire mill.

A rich history of gold production
The ten formerly productive mines on Goldstone lands—including
the Leitch Mine, at one time Canada's richest—produced in
excess of 4 million ounces of gold.
These mines, which were closed primarily due to a $35 gold
price, remain open at depth and offer major untapped potential
through extensions and parallel occurrences.

Welcome to GRC more info
http://www.grcmines.com/
God Bless

[NYBob]

kiwisteve' on 'Goldstone Resources (TSE:GRC)

Goldstone Provides Hardrock Joint Venture Exploration Update
Feb 09, 2011 08:53 ET
http://www.marketwire.com/press-release/Goldstone-Provides-Hardrock-Joint-Venture-Exploration-Update-TSX-GRC-1392891.htm

Goldstone Announces Extension of Term of 4,133,334 Warrants
Feb 08, 2011 16:09 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Extension-of-Term-of-4133334-Warrants-TSX-GRC-1392565.htm

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=67043

GRC has a AuBull to catch UP on Gold AU



GRC at turning point to let the AuBull RUN



God Bless

[NYBob]

GOLD GRC On the Verge of a Gigantic Move Higher





PRs

Goldstone Provides Hardrock Joint Venture Exploration Update
Feb 09, 2011 08:53 ET

http://www.marketwire.com/press-release/Goldstone-Provides-Hardrock-Joint-Venture-Exploration-Update-TSX-GRC-1392891.htm

God Bless

[NYBob]

New Rules Will Cause Panic For Shorts
Posted: Feb 25 2011 By: Jim Sinclair
Filed under: General Editorial

Dear Friends,

February 28th > be prepared for panicked
short sellers who cannot make delivery to try every trick in
the book to buy back their short positions.

http://jsmineset.com/

The following is information from Dr. Jim Decosta:

Here is the URL:

http://www.finra.org/Industry/Regulation/RuleFilings/2010/P121892?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FINRARuleFilings+(FINRA+Rule+Filings)

Quote: There’s 3 new laws gaining attention in the NSS market reform arena:
FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations.
FINRA 2010-043, also starting on 2/28/11 reinstates the
“short sale exempt” (SSE) marking requirements for trade
reporting and the OATS system.
Those MMs accessing the bona fide MM exemption from executing
pre-borrows or “locates” before admittedly naked short sales
must now FORMALLY acknowledge the accessing of that
universally-abused exemption.
Being that these trades are theoretically being made to
“inject liquidity” then the excuse to hide the related
trade data from the public’s eyes goes out the window.
You can’t have it both ways and claim the bona fide MM
exemption and later claim that the related trade data
needs to be kept secret because it might reveal a
“proprietary trading strategy”.

Truly bona fide MMs that are able to legally access that
universally-abused exemption cover their naked short position
on the next downtick after their short sale when buy side
liquidity is in need of being ejected as share prices fall.
The 3rd new rule which is in effect now states that
the offers and bids that MMs post must be of approximately
the same size.
No longer can the offers be of 1 million shares and
the offsetting bid good for the minimum 5,000 shares.

The verbiage in 4320 is especially well done as it FINALLY puts
the clearing firms that aid and abet this crime wave on the
spot.
With the FFETF, which is made up of 25 different agencies,
now on the scene the transparency has increased markedly.
You can imagine how critical the lack of transparency is to
a crime involving selling nonexistent securities and
then refusing to ever deliver that which you sold AFTER
being allowed access to the funds of the investor being
defrauded.

Here are the links to the rules
SR-FINRA-2010-028
and SR-FINRA-2010-043:

http//www.finra.org/Industry/Regulation/RuleFilings/2010/P121522

Notice the part I marked in bold in the quote above:
"FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY
applying to shares of non-reporting corporations."

God Bless

[NYBob]

Sprott has long been a rare voice of contrarian reason in Au field of lemming-like uniformity, lately driven by nothing more than a pursuit of centrally planned momentum and Bernanke-induced “heatmapping”, we believe the answers were vastly more interesting and illuminating than anything available for mass media consumption.

Interview with Eric Sprott of Sprott Asset Management

1. The conspiracy of optimism, suggested by the likes of almost anyone appearing in the MSM (print and cable), is that the US is the place to invest in 2011. A glance at the hedge funds you manage (as of the end of 2010) suggest that you are not buying into this hype. Are the short positions you have in your Hedge Funds still mainly in the US? If so what sectors and why?

A: Our short positions are all exclusively in large cap US names, with a focus on the financial and consumer discretionary sectors. We’ve been bearish on US equities for some time, particularly those in the financial sector that remain severely over-levered in this environment. We’ve managed our long/short hedge fund with the view that we entered a long-term bear market in 2000, and we’ve enjoyed maintaining an active short portfolio throughout the decade. It’s provided specific opportunities to produce alpha, and also provided negative beta exposure during the sell offs when downside protection was needed most. I urge all my investors to consider adding a hedge fund that can short effectively. It really is one of the best investment vehicles to own during a long-term secular bear market for equities, which I firmly believe we are still in.

2. Conversely you are mostly long Canadian equities, with some international exposure. What international countries and sectors do you have exposure too?

A: Most of the equities we invest in long are listed in Toronto. Their underlying assets tend to be distributed globally, however. In the case of our mining exposure, we own mines all over the world: Africa, Southeast Asia, United States, South America. Our location in Toronto has proven advantageous in that it grants us access to the best management teams in the resource industry. Toronto is a major mining-finance capital and we have one of the busiest foyers on Bay Street, with various resource management teams visiting with us regularly to provide updates. We’ve been investing in this space for almost ten years now, so we’ve developed deep contacts within the mining industry internationally. Our sector focus is currently concentrated in precious metals and energy equities. We manage all the company-specific risks on an individual basis, but the sector weights are guided by our macro views.

3. We are currently seeing a massive rise in commodity costs across a broad spectrum of raw materials. The result of the Bernanke “wealth effect”. What do you see as the consequences of the rise in commodity prices, for equity and credit markets?

A: It’s unbelievable to see. The food inflation is astounding,… when you see vegetable prices rising 40% in a month, grains up 20% on the year, eggs, sugar,… meat, all up 20-30% since July, it makes you wonder how they manage to massage the CPI so effectively. It’s becoming quite a serious issue, really. The Brent price is especially problematic – we always wonder about the consequences higher oil prices could potentially have on this “recovery”. We all saw the peripheral damage it caused in 2008, completely aside from the banking collapse that was happening at the time. There’s little doubt that these price increases are having a major impact across the globe – look at Egypt, for example. How much of that situation was initiated by food inflation? Same with UK with their recent numbers. It’s only a matter of time before we see more direct effects on prices here at home.

4. How do you see the end of QE2 playing out across the credit and equity markets?

A: I don’t think the market is prepared to go it alone yet. I don’t think we can have a strong equity market without more stimulus. It was amazing to see the sentiment shifts in January, as pundits began declaring the end of QE2, and no need for QE3,… but of course a few weeks pass and problems surface somewhere, this time in the Middle East, and Obama has to get up there and promise more printing to prevent a sell-off. I think the US is in such a difficult situation now with their Treasury auctions. We wrote about this in late ’09, asking how the US could realistically fund their debt requirements. The big question is how much of QE2 has been indirectly funneled back into on-the-run issues. It’s obvious the market doesn’t want to go there yet, but that is a vital question in anticipating the need for QE3.

5. Now that the “Wealth Effect” seems to be the main mandate of US the Federal Reserve, do you envision Bernanke having the ability to implement further incarnations of QE? If so under what circumstances?

A: I just think of how much they’ve spent up to this point to keep this thing going. Think of all the programs they’ve initiated. QE 1, QE 2, TARP, TALF, Fannie and Freddie – it’s all adds up to trillions, so it doesn’t seem far fetched to assume they’ll institute more measures to plug the dam.

6. Do you see any bubbles present or being blown in the world right now? If so, where and what are they?

A: I don’t see any greed bubbles in this market. Nobody’s buying T-bonds to get rich. While I do think the US bond market is a ‘bubble’ in the sense that it’s widely mispricing US risk, I don’t think investors are buying bonds with the expectation of selling them higher down the road. Investors are just trying to maintain some level of real return in here. Many are also trying to game the Fed, stay ahead of them. The commentators who call the precious metals market a bubble are laughable. Nobody owns the stuff. It’s extremely tightly held. Plenty of paper gold floating around, but that’s another story.

7. What possible or probable black swan event (timeline of 12-24 months) keeps you up at night?

A: A major supply disruption in the oil market would throw us over the edge. The economy isn’t strong enough to withstand high energy prices for an extended period.

You also have to wonder what happens if they don’t extend QE2 – and the impact the inevitable rise in rates would have on the US and global economy. We’re obviously in a very precarious environment today, so we have to be prepared for a “black swan” type event at any time. We’ve been managing our funds with a defensive view for over ten years now, so I would hope we could weather them better than most.

8. Your views on precious metals are well known. If there is a collapse in the USD and/or fiat currencies in general, how will gold be valued?

A: They’d likely be valued in terms of other goods, rather than in units of fiat currency. Investors won’t care what an ounce is worth in USD if the USD can’t be exchanged for anything. They’ll want to know what an ounce is worth in water, or food, anything consumable.

I think most mainstream investors still struggle to appreciate the changes that have occurred in precious metals market since 2008. Gold is reverting back into a world reserve currency – it’s so clearly visible now. It’s one of the only asset classes that has ‘worked’ for investors and savers. And yet there remains this large contingent who continue to question its legitimacy as an asset class.

One of the great struggles investors continue to have with gold, particularly in the US, is in embracing it as a monetary alternative. There are money managers and pension trustees who refuse to view gold as a store of value. They don’t understand the value argument. It’s a peculiar thing. If we lived in a different environment today, I’d understand their hesitance to embrace gold, but after everything we’ve gone through, and after acknowledging the fiscal reality of the Western powers, I just don’t understand why anyone would question the benefits of a hard currency. We need a hard currency today for SAVERS. Gold is for savers. We all need some sort of risk-free return vehicle in a properly functioning financial system. Bonds pay a negative real return today, so we’re forced to up our risk tolerance into equities or high-yield. You can’t save capital in cash in this environment – it’s as simple as that. You have to find another asset class to perform that function, and precious metals are once again reverting to their traditional monetary status to meet that need.

9. If you had the opportunity, what 3 policies would you enact that you believe would put the US on a path towards sustainable growth?

A: That’s a tough one. I try to focus more on what they’re doing, rather than worrying about what they should do. I think I’ve been fairly clear in articulating the challenges Western governments face today. Realistically, there is only so much austerity a country can take – look at the impact it’s already having in the UK. I just don’t see the US making the sacrifices required to put them back on the right path long-term. When you see the CBO forecasting budget deficits into 2021, one can only assume that the US plans to borrow in perpetuity. That only works as long as you can get the borrow. But we all know the game changes when the US can’t get the borrow through traditional means. We may already be there.

If I were to make recommendations, I’d focus on addressing leverage in the banking system. I firmly believe 20:1 is far too high a leverage multiple to maintain in this environment. I don’t even know what the right number is – maybe it’s no more than 5:1. But we can’t keep this situation going where a mere 5% shift in asset prices can completely wipe out your tangible equity. I would also try removing the “too big to fail” safeguards that allow the financials to reach such insane levels of leverage. And then of course there’s the derivatives issue, which almost nobody even wants to talk about anymore… but it never went away. It’s probably an even bigger problem today.

10. You have been in the financial industry for well over 35 years. If you had to create a portfolio for a 30 year today, what would it look like. How would you advise one to manage said portfolio?

A: I would be invested heavily in precious metals, both the bullion and equities. I would maintain exposure to energy, and I would have some shorts on the table. Buy-and-hold isn’t dead if you hold the right things, but 30 years is probably too long a timeframe to park capital and forget about it. I’ve always been more of a long-term investor than a trader, and although my themes tend to last for many years, I’ve seen many different markets throughout my career. I’ve definitely repositioned my funds over time. I sincerely hope we do see a true bull market in equities again at some point – I would be the first to applaud one because it’s easier to pick stocks in a secular bull market. But for the time being, until we solve the debt problems, I think our current positioning is the best way to be invested. And for what it’s worth I also think there’s plenty of opportunity in this market as well – there certainly has been for us. It’s just a matter of staying on top of macro developments, focusing on valuation and investing with conviction.

PRs

Goldstone Provides Hardrock Joint Venture Exploration Update
Feb 09, 2011 08:53 ET
http://www.marketwire.com/press-release/Goldstone-Provides-Hardrock-Joint-Venture-Exploration-Update-TSX-GRC-1392891.htm

Goldstone Announces Extension of Term of 4,133,334 Warrants
Feb 08, 2011 16:09 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Extension-of-Term-of-4133334-Warrants-TSX-GRC-1392565.htm

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=67043

[kiwisteve]

PRs

Goldstone Provides Hardrock Joint Venture Exploration Update
Feb 09, 2011 08:53 ET
http://www.marketwire.com/press-release/Goldstone-Provides-Hardrock-Joint-Venture-Exploration-Update-TSX-GRC-1392891.htm

Goldstone Announces Extension of Term of 4,133,334 Warrants
Feb 08, 2011 16:09 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Extension-of-Term-of-4133334-Warrants-TSX-GRC-1392565.htm

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=67043

[MadeBucksOnThis]

Nice DD my friend...

MBOT

[NYBob]

Goldstone to Begin 2011 Key Lake Drilling Program by February 15

$6.5 Million Committed to Geraldton-Beardmore for 2011
TORONTO, ONTARIO--(Marketwire - Feb. 3, 2011) -

Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF) today announced that the first phase of a $6.5 million 2011 gold exploration program in the Geraldton-Beardmore region of Northwestern Ontario will begin by February 15 on its Key Lake property, where the Company is seeking to add to gold resources established through a limited program in 2010 and to establish the viability of an open pit mining operation.

2010 drilling at Key Lake delineated a mineralization zone with intersections such as 3.17 g/t Au over 44.0 metres and 2.28 g/t Au over 42.7 metres.

A contract has been signed with Orbit-Garant Drilling of Val d'Or, P.Q. and two rigs will actively drill an estimated 30,000 metres in 2011 at Key Lake. The property borders the Hardrock Project joint venture with Premier Gold Mines Limited (TSX:PG) in which Goldstone holds a 30% carried interest and
where eight drill rigs will be active in 2011.
Remaining assay results from the 2010 Hardrock drilling program by Premier as operator are expected soon, with an updated NI 43-101 report anticipated by the end of the first quarter of this year.

"Our objective for 2011 at Key Lake is to expand the current resource base through in-fill drilling—with hole targeting assisted by a recently completed preliminary pit model—as well as to continue expanding the mineralized corridor an additional kilometer to the west," said Philip Cunningham, Goldstone Chairman and Interim CEO.

"In addition, next week we will begin line-cutting and IP surveys on other favourable geological horizons on the Key Lake property to outline further drill targets," Cunningham added.

While full plans for the Beardmore camp will develop over the coming months, an additional drill rig will be added in March
to drill promising extensions of the Northern Empire Mine and
the Sand River-Leitch Mine complex, as well as the McWilliams
showing on the Northern Empire Property, which was previously
drilled in the fall of 2010 and intersected a favourable
gold-bearing horizon in hole NE10-03.

Goldstone's objective in Beardmore is to develop more gold
near the Northern Empire mill which could be developed
sequentially with those identified at its Brookbank and Northern
Empire properties.
The Company recently hired Senior Project Geologist George Langstaff, whose primary mandate for 2011 will be to study and reinterpret past producing properties in the Beardmore camp, to identify additional promising drilling targets for this year and beyond.

In late December 2010, Goldstone commissioned a Fugro Airborne
GEOTEM survey over its Faymar Mine property in Deloro Township
in the Timmins gold camp.
A former producer, Faymar is located just south of and adjacent
to the Destor-Porcupine Fault. Results of the survey are
currently being interpreted.

Mike Kilbourne. P.Geo., is the Qualified Person for the information contained in this news release and is a Qualified Person within the meaning of National Instrument 43-101.

About Key Lake

The Key Lake property hosts the former Jelex Mine
and has an approximate strike length of 2.5km,
of which 1.5 Km has seen limited drilling.
Historic drilling by Cyprus Canada in the mid-1990's outlined
a 40-50m wide zone of disseminated gold with a higher grade
core comprised of a quartz-feldspar porphyry.
The most significant historical assay from the Cyprus drilling
was for hole 195-94 which intersected 1.10 g/t over 86 metres.

About Goldstone

Goldstone Resources Inc. is a gold exploration and development
company operating in the Geraldton-Beardmore camp of
Northwestern Ontario, host to mines with historical production
of more than 4.1 million ounces of gold from high grade ore—and
to Goldstone's fully permitted Northern Empire mill.
Goldstone is focused on exploration and deposit delineation at
its 100%-owned Key Lake,
Brookbank,
Northern Empire,
and Leitch-Sand River gold properties,
and as a partner with a 30 percent carried interest in
the Hardrock Project joint venture
with operator Premier Gold Mines Limited.
Eight rigs will be active as part of the 2011 Hardrock
Project exploration program.

NI 43-101-compliant resource estimates for the Company's Brookbank (dated May 2009) and Northern Empire Mine properties (dated November 2008) contain combined indicated and inferred resources in excess of 800,000 ounces of gold.

Further information is available on the Company's website at www.grcmines.com and on SEDAR under the Company's profile at www.sedar.com.

Forward­Looking Statements

This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, delay or inability to retain a senior exploration and/or operating officer, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions and changes in conditions in the financial markets. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Goldstone does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Neither Toronto Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

GRC nice Au bargain play

http://www.grcmines.com/



http://www.marketwire.com/press-release/Goldstone-to-Begin-2011-Key-Lake-Drilling-Program-by-February-15-TSX-GRC-1389956.htm

[MadeBucksOnThis]

thanks bob....

MBOT

[NYBob]

Goldstone Resources (GRC) fiat$0.89 UP $0.04 +4.71%
Volume: 169,332 @ 3:54:41 PM ET
Bid Ask Day's Range
0.88 0.89 0.87 - 0.9
TSE:GRC Detailed Quote

Goldstone Announces Eight-Rig Exploration Program Planned for Hardrock Project in 2011
Jan 18, 2011 15:42 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Eight-Rig-Exploration-Program-Planned-Hardrock-Project-2011-TSX-GRC-1381911.htm

Goldstone Announces Balance of 2010 Drilling Results, Plans More Intensive 2011 Program for Key Lake, Beardmore
Jan 11, 2011 08:15 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Balance-2010-Drilling-Results-Plans-More-Intensive-2011-Program-TSX-GRC-1378419.htm

[MadeBucksOnThis]

Thank you, looking like a good year from reads...

MBOT

[NYBob]

Goldstone Announces Eight-Rig Exploration Program Planned for Hardrock Project in 2011
Jan 18, 2011 15:42 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Eight-Rig-Exploration-Program-Planned-Hardrock-Project-2011-TSX-GRC-1381911.htm

Goldstone Announces Balance of 2010 Drilling Results, Plans More Intensive 2011 Program for Key Lake, Beardmore
Jan 11, 2011 08:15 ET
http://www.marketwire.com/press-release/Goldstone-Announces-Balance-2010-Drilling-Results-Plans-More-Intensive-2011-Program-TSX-GRC-1378419.htm

[MadeBucksOnThis]

yep, keeps going up...

MBOT

[NYBob]

GRSZF bargain time, hyperinflation will drive gold to unthinkable heights -

http://goldswitzerland.com/index.php/hyperinflation-will-drive-gold-to-unthinkable-heights/

[NYBob]

The nwo tell the slaves what's comes 2011 -
from their 666-banksters gangs -

!

GRC its Au mother lode bargain play -



http://www.grcmines.com/

Happy New Year -
God Bless

[MadeBucksOnThis]

up up and away^...

MBOT

[NYBob]

Goldstone Resources (GRC) fiat$1.05 UP $0.04 +3.96%
Volume: 113,275 @ 4:29:48 PM ET
Bid Ask Day's Range
1.04 1.05 1.03 - 1.05

Investing in gold and silver

Happy New Year -
GRC nice Au bargain play

http://www.grcmines.com/

[MadeBucksOnThis]

Thanks Bob, for keeping me up to date on the ever increasing price of gold, I find your post very informative and much appreciated, thank you very much for your hard work and effort...

Wishing you a very happy new year and god bless,

MBOT

[NYBob]

Gold ends year with record closing high $1421.40 per ounce ~<



The COMEX February gold futures contract closed up $15.50 Friday
at $1421.40, trading between $1404.60 and $1422.00



December 31;
(from RTTNews) --
bull gold marketGold futures rallied, closing a blockbuster year
in characteristic fashion as the dollar continued to struggle
versus other major currencies.
Concerns about inflation and mounting fiscal pressures in
the US and Euro area made gold a red-hot investment in 2010.
Gold soared roughly 30%, or $325 in the past year, and many
analysts predict it will extend record highs if the Federal
Reserve follows through with its $600 billion quantitative
easing plan...more

(from Dow Jones) --
Currency concerns have been a major factor funneling investment
funds towards the yellow metal throughout 2010.
Sovereign debt worries in Europe and large stimulus spending in
the U.S. resulted in a particularly volatile year for both the
euro and the dollar.
That left investors seeking safe-harbor in gold, which is
often seen as an alternative currency.
Gold has also benefited from global inflation concerns, with
Chinese investors ramping up their gold purchases throughout
2010 amid escalating inflation rates...more

(from Reuters) --
Gold rose to within $10 of a record high on Friday, closing out
an unprecedented tenth annual gain as the combination of a
weaker dollar and global economic uncertainty seemed to pave
the way higher next year.
U.S. February gold futures settled 2010 at $1,421.40 an ounce,
up 1.1%, and marked a 29.7% gain over 2009's settlement when
the active gold contract ended at $1,096.20 on the COMEX.
Friday's gains were spurred by the dollar's broad decline
against a basket of currencies...more

(from Marketwatch) --
The dollar index eased to 79.02 from 79.51 in late Thursday
trading in North America, but the index is still up
roughly 1.5% for the year.
The dollar fell 0.3% against the Japanese yen, hitting ¥81.24,
down about 12.7% on the year.
The euro rose solidly to $1.3369, up from $1.3290 late Thursday.
Despite the rise, the euro is still down about 7% versus the
dollar in 2010, hurt in particular by worries about eurozone
countries' balance sheets...more

(from Bloomberg) --
Gold priced in euros, British pounds and Swiss francs rose to
all-time highs this year as the European Union bailed out
Greece and Ireland.
"Gold has done so well this year because government activity
indicates record deficits, low interest rates and an obvious
lack of fiscal discipline," said Tom Winmill,
who manages the Midas Fund.
"The U.S. monetary policy will lead to a devaluation in the
dollar, and all eyes are focused on the next default in the
European community."...more

(from TheStreet) --
Looking ahead to next year, many gold bulls are calling for
the yellow metal to surpass $1,600 an ounce.
Darin Newsom, senior commodities analyst at Telvent DTN,
said that midway through January gold prices may begin to
test the record high -- $1,432.50 -- reached earlier in
December ... there's more than enough economic and political
uncertainty in the world, Newsom said, that investors will
almost certainly continue to burnish gold's status as
the best safe haven available...more

Gold Chart Long Term -


Gold $2,400.- per ounce - 500years ago - add inflation -
Inflation Calculator -
data.bls.gov/cgi-bin/cpicalc.pl
http://data.bls.gov/cgi-bin/cpicalc.pl

http://www.sharelynx.com/chartsfixed/600yeargold.gif
it is a long hike back UP to fair market value -
compare to any fiat paper -

http://www.kitconet.com/images/live/au0001wb.gif

Goldstone great gold safety treasure bargain play -



http://www.grcmines.com/

Happy New Year

[MadeBucksOnThis]

Merry Christmas to you as well...

MBOT

[NYBob]

Merry Christmas -
e.g.,
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43833556

[MadeBucksOnThis]

rumours of 5k - oz.....?

MBOT

[NYBob]

Gold & Silver prices "You have seen nothing yet": Lindsey Williams

Merry Christmas
God Bless

[mick]

[NYBob]

Gold at 1900 ppo in 2011? ITS a Start! anyone want to bet much higher?
this is understood...any little setbacks nwo BS gov.666manipulationz make gold markets stronger...
.
Criminal gov. only last to the goes up in smoke by their
own 666firez - BS alcapoone gov. is short lived -

http://www.deepcapture.com/manipulating-gold-and-silver-a-criminal-naked-short-position-that-could-wreck-the-economy/

That's only a small gov. start - wait to the People start to buy
India, Japan and EURO and the rest of the world will also Wake UP ~<

Gold Imports by China Soar Almost Fivefold as Inflation Spurs Investment
By Bloomberg News - Dec 2, 2010 1:55 AM PT

http://www.bloomberg.com/news/2010-12-02/china-gold-imports-jump-almost-fivefold-as-inflation-outlook-spurs-demand.html#share
e.g.,
http://inflation.us/videos.html

Merry Christmas ~<

[mick]

this is understood...little setbacks make gold markets stronger.

[NYBob]

Gold price eases before Thanksgiving holiday -

The COMEX December gold futures contract closed down $4.60 Wednesday at $1373.00, trading between $1368.70 and $1381.00

November 24, p.m. excerpts:
(from RTTNews) --
Thanksgiving Day holidayGold prices edged down amid a firm
dollar, as investors cautiously shifted to more risky assets
following a batch of mostly positive economic data from the US.
Data released this morning revealed initial jobless claims
unexpectedly fell last week, and a gauge of consumer sentiment
was revised upwards. However, orders for US-made durable goods
and sales of new homes dropped...more

(from Xinhua) --
The U.S. Commerce Department announced Wednesday that the
year-over-year rate for core personal consumption expenditures
in October, which exclude food and energy, added a record low
of 0.9%.
The poor reading fed into growing concerns that inflation is
stabilizing at a level too low for the comfort of the Fed,
but also offered investors less reason to purchase bullion
as a hedge against inflation.
Traders noted that the market was also hammered by investors'
profit-taking ahead of the Thanksgiving holiday...more

(from Bloomberg) --
Yesterday, gold jumped 1.6% after North Korea fired artillery
at a South Korean island and the euro plunged on concern that
Europe's debt crisis may spread.
But the euro was little changed against the dollar today,
and Asian stocks pared losses after the U.S. sent an aircraft
carrier to take part in exercises off the Korean Peninsula.
"Gold is giving back some of the flight-to-safety bid,"
commented Frank Lesh, trader at FuturePath Trading LLC.
"The Korean conflict hasn’t erupted into something bigger yet,
and the euro has stabilized."...more

(from Dow Jones) --
The most actively traded contract, for December delivery,
settled down 0.3% on the Comex.
But gold prices are unlikely to see meaningful declines
as concerns about Europe's sovereign-debt contagion and recent
tensions between North and South Korea remain with the market.
"The Korean tension and the euro-zone problems will keep a
floor under gold prices, so look for any selling to be shallow
and brief," said Matt Zeman, head of trading at
LaSalle Futures in Chicago...more

(from Marketwatch) --
Embattled Irish Prime Minister Brian Cowen on Wednesday detailed
€15 billion worth of tax hikes and spending cuts designed
to slash Ireland's budget deficit over the next four years
as the government negotiates a rescue package with the
European Union and the IMF.
Seen as a prerequisite for receiving EU-IMF aid, the plan
aims to cut the deficit from more than 11% of gross domestic
product, excluding the cost of its massive bank bailout plan,
to 3% by 2014.
Including the bailouts, this year’s deficit is estimated
at around a third of Irish GDP...more

(from TheStreet) --
Investors are now turning more of their focus to the problems
in Spain and Portugal.
The interest rates the countries must pay in order to borrow
money from the debt market rose again Tuesday, with the yields
on the 10-year Treasury 7.02% for Portugal and 4.93% for Spain.
Portugal's economy, like Ireland's and Greece's, is much
smaller, but if Spain were to be frozen out of the debt markets,
some analysts worry a bailout wouldn't be enough...more


The more PM's jumps the better - the higher PM's JUMP UP TO FLY ~<







Ponzi scheme - Fiat money - made out of nothing -

http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#

FED - Power Center - Created @ NWO -

The PM Real Money - Created by the Mother Load smile

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56345052

Gold & Silver have replaced every 666 fiat currency
for the past 3000 years -

http://www.kwaves.com/fiat.htm



Happy Thanksgiving

God Bless

[MadeBucksOnThis]

wow this is impressive, great view, nice pics...

Thank you MBOT

[NYBob]

Dome Mine underground and a central milling facility
within the city of Timmins, Ontario.


Dome Mine


Several of the mines we toured were open pits.
Each of the wheels on these trucks in the Dome Mine pit
are twice as tall as Dr. van Hees
(and that’s saying something!).

In terms of total employment, the Porcupine Joint Venture (PJV)
was next with 600 employees and 185 contractors at the end of
2006.
The PJV is a partnership between Goldcorp (51 per cent) and
Kinross (49 per cent) with the former as the operator.
Three gold mines are operated by the PJV, the Dome, Hoyle Pond
and Pamour.
All ore is trucked to the 15,000 tonnes per day mill at
the Dome Mine.
Rio Tinto-Luzenac operate the talc Penhorwood Mine in Penhorwood
Township 75 km west of Timmins but process the ore at their
concentrator and micronizing mill in the former
Hollinger Gold Mine buildings in the centre of the city.
The operation had 62 employees at year’s end.

The PJV Dome Mines have produced more than 64 million ounces of gold
since production began in 1910 -
running low on ore and keep on the lookout for more -

Faymar Gold Mine Property -
is near Dome Mine Mill Facility -
and within close trucking distance -

Through its amalgamation with Faymar, Goldstone owns a 100%
interest in 26 patented claims, totaling 399 hectares
(985.5 acres) in Deloro Township near -

The Dome Gold Mine in Timmins.

http://en.wikipedia.org/wiki/Dome_Mine

The patents contain the past producing

Faymar Gold Mine -
old Gold producer -

which produced 119,181 tons at
an average recovered grade
of 0.183 ounces of gold per ton
and 0.11 ounces of silver per ton
between 1940 and 1942.

A total of 44,028 tons were also processed in
the Faymar mill -
from the nearby Fuller property at an
average recovered
grade of 0.148 ounces of gold per ton.

The Faymar patents are located in the Porcupine Gold Camp -
one of the richest gold camps in the world -
Is underlain by Archean supracrustal rocks of
the Abitibi Greenstone Belt.

On the property, they predominantly consist of andesite and
basalt flows of the Deloro Group with minor iron formation.
A large body of dunite ultramafic occurs in the northwest
corner of the property and east-striking quartz-feldspar
porphyry dykes intrude the volcanic rocks and dunite.
Several faults occur on the property and are splays from
the nearby Destor-Porcupine Fault, a large regional structure
important in localizing gold in the Timmins area.

Gold on the Faymar property -
is hosted in a series of quartz veins and shears,
marginal to porphyry dykes.

An old asbestos deposit is also located in the ultramafic rocks.
An airborne magnetic and electromagnetic survey flown over
the Timmins area in 1987 detected a series of linear magnetic
and electromagnetic anomalies on the Faymar patents and
no follow-up work has been carried out to test their potential.

Goldstone (Ontex) announced encouraging results on the 2002 exploration
program on the Faymar Property in Deloro Township.

A mapping program -
re-discovered the 60-year old workings -
along a NW trending, high-grade gold-quartz vein -
from which samples returned values
up to Gold 56 g/t Au.

The POG price of gold in 2002 about $300/oz was low and
Ontex - Goldstone, however, was primarily interested
in examining the untested PGE potential of
the ultramafic rocks that lie
to the west of the Faymar Gold Mine -
and also contains -
Platinum and Paladium -

Surface samples from the ultramafic rocks returned values
up to 0.5 g/t Pt Platinum + Pd Paladium and 0.6% Ni Nickel.

A follow-up 2,419 m (13 hole) diamond drill program yielded
concentrations up to 0.96 g/t Pt+Pd over 1.6 m and 0.7% Ni.



http://www.grcmines.com/faymar.php

The Dome Gold Mine



Was the first producing gold mine in Timmins.
In the spring of 1909, a prospecting team led by Harry Preston
and Jack Wilson uncovered a mound or dome of golden crusted
quartz.
They staked their claims and called it “The Big Dome”.

The mine started as an underground operation and expanded
to include the super pit. It consists of many buildings
including the head frame (building with the red top),
mill, shops, and office building.

To date, it has produced over 17 million ounces of gold.

Not only was it one of the first mines to be discovered,
but it is Canada’s longest running gold mine.

Pamour Mine/Porcupine Joint Venture

Its ore body was first staked in 1909 by a prospector named
A.C. Brown, but for a variety of reasons, such as
the Great Fire of July 11, 1911, World War I, and
the stock market crash of 1929, along with a general lack
of funds, the mine had a difficult start-up.

In 1935, a deal was made between Noranda Mines Ltd. and
Pamour Porcupine Mines Ltd. to bring the mine into production
with Quebec Gold as the manager.
The name Pamour comes from a combination of the names of
two prospectors, Firman La Palme, and Wilfrid D’Amour who
were connected to the property at various times.

The Porcupine Joint Venture,
a joint development project by
Placer Dome Ltd. and Kinross Gold Corp
saw the Pamour pit
back in operation in 2005.
The relocation of Highway 101 allowed for the expansion of
the super pit and rerouted traffic to the south side of
Three Nations Lake.
Reserves are estimated at 1.8 million ounces of gold.

Porcupine Gold Mines Camp -

- 100th Anniversary Video -

The Porcupine Camp is dotted with head frames
and open pit mines;
some old, some newer, evidence of our mining heritage.

Historically, the district has been a major producer
of both gold and base metals.

Timmins Porcupine Gold -

Along the Porcupine-Destor Fault, which runs 200km from Timmins
to Destor in Quebec, over 65 million ounces of gold
have been mined.

Head frames towering majestically in our city’s skyline
conjure up images of adventure and heroism.

As picturesque as they are, their presence served a
necessary, practical function for past miners -
at present all old Gold Mines is in a new current
Porcupine Gold Rush -

http://en.wikipedia.org/wiki/Porcupine_Gold_Rush

e.g., what an old mine may looks like

This three dimensional model shows the ore body, shafts,
and workings of the Kidd Creek copper zinc mine near Timmins,
Ontario. Check out the scale model of the CN Tower, the tallest
freestanding structure in the world, for scale.



Dome Mine 1910



Hollinger Mines 1910


Hollinger Miners 1913


Dome and Hollinger Gold Mines

[MadeBucksOnThis]

well you are Mr. GOLD IMO, if anyone knows, you do!

MBOT

[NYBob]

Three months from now, perhaps Gold will be at $2500 -
and our shares in the $4.00 or even $6.00 range -
from that perspective, this pp at $1.15 will look -
like a huge error -
but all we can rationally go on is the current situation -
from that perspective, a smallish pp well above -
the current market price with no warrants attached -
looks pretty good to me

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57001016

[MadeBucksOnThis]

company needs more money?


MBOT

[NYBob]

Goldstone Announces Flow-Through Financing
TORONTO, ONTARIO, Nov. 22, 2010 (Marketwire) --

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

http://tmx.quotemedia.com/article.php?newsid=35927536&qm_symbol=GRC

Goldstone Resources Inc.
(TSX:GRC)(PINK SHEETS:GRSZF) today announced that it has agreed to issue and sell 4,350,000 common shares on a flow-through basis by way of a guaranteed private placement led by Primary Capital Inc at a price of $1.15 per share, for aggregate gross proceeds of $5,002,500.
Goldstone will pay a commission equal to 6% of the gross proceeds raised under the offering. Insiders of Goldstone will purchase in the aggregate up to 250,000 of the flow-through shares comprising the offering. The commission payable on the flow-through shares issued to insiders will be reduced from 6% to 3%.

Proceeds of the offering will be used by Goldstone for Canadian Exploration Expenses (within the meaning of the Income Tax Act (Canada)) in relation to Goldstone's exploration program to be conducted primarily on its Key Lake property near Geraldton, Ontario as well as on its Brookbank, Leitch-Sand River, and Northern Empire properties in the Beardmore Camp.

Closing of the private placement, which is currently expected to occur on or about December 16, 2010, is subject to certain customary conditions, including, but not limited to, the receipt by Goldstone of all necessary approvals and consents, including the approval of the Toronto Stock Exchange.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State or other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Goldstone

Formed by a late 2009 merger of Ontex Resources and Roxmark Mines, Goldstone Resources is a gold exploration and development company operating in the historically significant Geraldton-Beardmore camp of Northwestern Ontario and focused on gold exploration and deposit delineation at its Key Lake, Brookbank, Northern Empire and Leitch-Sand River gold properties, and as a partner in the Hardrock Project joint venture with Premier Gold Mines Limited. The camp is host to several past producers in a district that has historical production of more than 4.1 million ounces of gold from high grade ore before being shut down primarily as a result of a $35 gold price-and to Goldstone's fully permitted, expandable 200-TPD Northern Empire mill.

Further information is available on the Company's website at www.grcmines.com and on SEDAR under the Company's profile at www.sedar.com.

Forward-Looking Statements

This news release may contain forward-looking information under applicable securities laws concerning Goldstone's business, operations, financial performance, condition and prospects, as well as management's objectives, strategies, beliefs and intentions. Forward looking information is frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "intend" and similar words referring to future events and results. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, delay or inability to raise additional financing on satisfactory terms, unanticipated operational or technical difficulties, changes in laws or regulations, the risks of obtaining necessary licenses and permits, changes in general economic conditions and changes in conditions in the financial markets. Readers are cautioned not to place undue reliance on this forward-looking information as actual results may differ materially from those expressed or implied in the forward looking information. Goldstone does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.

Goldstone Resources Inc. Chairman and Interim CEO [phone]

[kiwisteve]

Goldstone Announces Flow-Through Financing

http://www.marketwire.com/press-release/Goldstone-Announces-Flow-Through-Financing-TSX-GRC-1357319.htm

[NYBob]

Faymar Gold Mine Property -

Through its amalgamation with Faymar, Goldstone owns a 100%
interest in 26 patented claims, totaling 399 hectares
(985.5 acres) in Deloro Township near -

The Dome Gold Mine in Timmins.



http://en.wikipedia.org/wiki/Dome_Mine

A 1% net smelter return royalty is payable to the vendors
of the property.
The patents contain the past producing
Faymar Gold Mine
which produced 119,181 tons at an average recovered grade
of 0.183 ounces of gold per ton
and 0.11 ounces of silver per ton
between 1940 and 1942.
A total of 44,028 tons were also processed in
the Faymar mill
from the nearby Fuller property at an average recovered
grade of 0.148 ounces of gold per ton.

The Faymar patents are located in the Porcupine gold camp
and are underlain by Archean supracrustal rocks of
the Abitibi Greenstone Belt.
On the property, they predominantly consist of andesite and
basalt flows of the Deloro Group with minor iron formation.
A large body of dunite ultramafic occurs in the northwest
corner of the property and east-striking quartz-feldspar
porphyry dykes intrude the volcanic rocks and dunite.
Several faults occur on the property and are splays from
the nearby Destor-Porcupine Fault, a large regional structure
important in localizing gold in the Timmins area.

Gold on the Faymar property is hosted in a series of quartz
veins and shears, marginal to porphyry dykes.
An old asbestos deposit is also located in the ultramafic rocks.
An airborne magnetic and electromagnetic survey flown over
the Timmins area in 1987 detected a series of linear magnetic
and electromagnetic anomalies on the Faymar patents and
no follow-up work has been carried out to test their potential.

Goldstone (Ontex) announced encouraging results on the 2002 exploration
program on the Faymar Property in Deloro Township.
A mapping program re-discovered 60-year old workings along a
NW trending, high-grade gold-quartz vein from which samples
returned values up to 56 g/t Au.
Goldstone, however, was primarily interested in examining
the untested PGE potential of the ultramafic rocks that lie
to the west of the Faymar Gold Mine.
Surface samples from the ultramafic rocks returned values
up to 0.5 g/t Pt Platinum + Pd Paladium and 0.6% Ni Nickel.
A follow-up 2,419m (13 hole) diamond drill program yielded
concentrations up to 0.96 g/t Pt+Pd over 1.6m and 0.7% Ni.



http://www.grcmines.com/faymar.php

The Dome Gold Mine



Was the first producing gold mine in Timmins.
In the spring of 1909, a prospecting team led by Harry Preston
and Jack Wilson uncovered a mound or dome of golden crusted
quartz.
They staked their claims and called it “The Big Dome”.

The mine started as an underground operation and expanded
to include the super pit. It consists of many buildings
including the head frame (building with the red top),
mill, shops, and office building.

To date, it has produced over 15 million ounces of gold.

Not only was it one of the first mines to be discovered,
but it is Canada’s longest running gold mine.

Pamour Mine/Porcupine Joint Venture

Its ore body was first staked in 1909 by a prospector named
A.C. Brown, but for a variety of reasons, such as
the Great Fire of July 11, 1911, World War I, and
the stock market crash of 1929, along with a general lack
of funds, the mine had a difficult start-up.

In 1935, a deal was made between Noranda Mines Ltd. and
Pamour Porcupine Mines Ltd. to bring the mine into production
with Quebec Gold as the manager.
The name Pamour comes from a combination of the names of
two prospectors, Firman La Palme, and Wilfrid D’Amour who
were connected to the property at various times.

The Porcupine Joint Venture,
a joint development project by
Placer Dome Ltd. and Kinross Gold Corp
saw the Pamour pit
back in operation in 2005.
The relocation of Highway 101 allowed for the expansion of
the super pit and rerouted traffic to the south side of
Three Nations Lake.
Reserves are estimated at 1.8 million ounces of gold.

Porcupine Gold Mines Camp -

- 100th Anniversary Video -

The Porcupine Camp is dotted with head frames
and open pit mines;
some old, some newer, evidence of our mining heritage.

Historically, the district has been a major producer
of both gold and base metals.

Timmins Porcupine Gold -

Along the Porcupine-Destor Fault, which runs 200km from Timmins
to Destor in Quebec, over 65 million ounces of gold
have been mined.

Head frames towering majestically in our city’s skyline
conjure up images of adventure and heroism.

As picturesque as they are, their presence served a
necessary, practical function for past miners.

[NYBob]

mick good for you
I am not able to attend but
hope for a good report from you
have good time -
stay out of the casinos
every dime can be -
an easy 10-50 gold-bagger here
tell them about GRC
with 10 great gold mines
is a bargain play ~<



A Uniquely Strong Gold Presence in Geraldton-Beardmore in Canada

http://www.grcmines.com/news_.php?url=http%3A%2F%2Fcnrp.marketwire.com%2Fclient%2Fgoldstone_resources%2Frelease_xml.jsp%3FactionFor%3D1331492

The Leitch Gold Mine -


Leich started use of the electric
underground ore-trains in Canada.

The Leitch Gold Mine -
was once Canada's richest

The Leitch & Sand River Gold Mines complex -
produced more than 900,000 ounces of gold -
from shallow depth -
it will be richer
the deeper we go



Like other Goldstone Gold mines -
in both Camps, it remains open at depth.

The Leitch Gold Mine (now 100% owned by Goldstone)
was one of Ontario’s highest grade and most profitable gold
mines, producing 860,648 ounces from 906,395 tons of ore
at an average recovered grade of 0.91 oz.Au/ton.

Even more impressively, the average recovered grade over
the last ten years of the mine’s operation was 1.15 oz.Au/ton.

GOLDSTONE RESOURCES (TSE:GRC)
Gold is coming very soon -
- a golden opportunity -

Goldstone Chairman and CEO, Philip Cunningham;

God Bless

[mick]

Bob and all , i will be in vegas so look fer me there if going to trader's expo...

[NYBob]

US Black Debt Hole: 'We want you all bankrupt!' -

US declared financial war to the world - Prof. Dr. Michael Hudson

The more PM's jumps the better - the higher it going to JUMP UP ~<



Official US Deficit Put At Staggering $202 Trillion -
the fiat$ bankrupt -

http://www.eutimes.net/2010/08/official-us-deficit-put-at-staggering-202-trillion/

The Birth of the U.S. Federal Reserve Bank - How usury destroyed America -

Based on Mr. Griffin's book of the same title, this address will shatter
your old ideas about money and change the way you view the world.
1998 lecture.


http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#

[NYBob]

Richard Russell - All Fiat Currencies Will Fail -

With gold near record highs, in his latest commentary,
the Godfather of newsletter writers Richard Russell stated,
“It's obvious that Bernanke with the help of QE2 wants to drive
longer-term interest rates down and at the same time push asset
prices (particularly stocks and real estate) higher.
Because of the sheer size of Bernanke's new spate of money-
creation, some analysts are describing QE2 as
"a whole new ball game."



November 11, 2010
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Russell continues:


“Over the coming eight months the Fed will buy $600 billion of
US Treasuries, but that's not all.
The Fed will also buy up to $300 billion of agency debt which
will be coming due.
That means that roughly $900 billion of new money will be
entered into the system, all of this new money created via
computers and out of thin air.


So the question I'm asking myself is this: Will Bernanke
(in the face of international criticism) back down on his
strategy of defeating the forces of deflation by printing money?


My immediate answer to this question is that Bernanke will NOT
back down.
Bernanke is a true, dyed-in-the-wool Keynesian, and he's already
apologized on the part of the Fed for allowing the money supply
to shrink during the Great Depression of the 1930s.


To back down now would mean that Bernanke, in effect, was
conceding that his whole strategy of quantitative easing has
been misguided.
To back down now, would mean that Bernanke was giving in to
the forces of deflation.
I can't see that happening.
I think Bernanke would quit his chairmanship at the Fed before
he gave in to the discipline of Austrian economics.


The second question I have been thinking about is whether fiat
currencies, and I mean all of them, are going to survive?
As subscribers know, I believe currencies created by government
fiat are a fraud, and that they are both illogical and immoral.
I believe that ultimately, fiat currencies, all of them, are
doomed.
Every fiat currency in history has died, and today's fiat
currencies will be no different.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/11/11_Richard_Russell_-_All_Fiat_Currencies_Will_Fail.html

[NYBob]

The more PM's jumps the better - the higher it going to JUMP UP ~<




Official US Deficit Put At Staggering $202 Trillion -
the fiat$ bankrupt -

http://www.eutimes.net/2010/08/official-us-deficit-put-at-staggering-202-trillion/

The Birth of the U.S. Federal Reserve Bank - How usury destroyed America

Pour a favorite beverage for yourself, sit back, listen and brush up on your history!

Where does money come from? Where does it go? Who makes it?
The money magician's secrets are unveiled.
Here is a close look at their mirrors and smoke machines, the pulleys, cogs,
and wheels that create the grand illusion called money. A boring subject?
Just wait. You'll be in five minutes.
It sounds like a detective story, which it really is, but it's all true.
Based on Mr. Griffin's book of the same title, this address will shatter
your old ideas about money and change the way you view the world.
1998 lecture.


http://video.google.com/videoplay?docid=-8484911570371055528&q=creature+jeckyll&ei=c8kMSKSjJZPE2AKU2826BA#

[kiwisteve]

Goldstone Receives Preliminary Brookbank Report From Micon
Nov 11, 2010 08:12 ET

Goldstone Resources Inc. Announces the Filing of Third Quarter 2010 Interim Consolidated Financial Statements, MD&A and Officers' Certifications
Nov 08, 2010 18:27 ET

http://www.marketwire.com/mw/search.do?params=&grpSearch=C&companyid=67043

[mick]

maybe why gold is going strong into nov.,2010. i don't think fort knox holds any gold no moe.

[MadeBucksOnThis]

Thank you for this update....great read IMHO

MBOT