Mining Company research board

[rbtree]

i just spotted gitreal on a new scam, STAL. Go check out its board. An SEC registrant. Claims enough in its filings to warrant being turned in to the SEC for fraud.

Found this in their S-1 https://www.otcmarkets.com/filing/html?id=16732216&guid=IzJ-kpLZGSfZdth

The mine talk begins about page 22. In several places they use the word reserves and place $ value on said "reserves"

Near the bottom of the report, gitreal, does Robert Garcia ring a bell? "Auric" surely does!

[gitreal]

estimation of potential by-product metal targets of up to 729,000 ounces Platinum, 363.95 million pounds Nickel, 1.308 billion pounds Chromite, and 294,000 ounces Gold.

Estimation of potential by-product metal targets.......LOL.......pretty definitive language!!!

[1manband]

Another old mining scam is back to scamming.

https://finance.yahoo.com/news/north-bay-resources-inc-nbri-143000026.html

Extrapolating a property wide resource from a few samples. The oldest mining scam technique there is, but NBRI has been using that kind of fake "science" for decades.

[gitreal]

From STAL's 10K, the language in this "technology" description reads like a hundred other mining scams we've all seen:

Lion Works, Inc.-Genesis Ore Extraction Process

On March 19, 2023, the Company, as Buyer entered into that certain share purchase agreement with J. Lemus, as Seller which contemplated acquisition of 51% of the capital stock of Lion Works, including 51% of the intellectual property rights and know-how related to the Genesis proprietary system (“Genesis”). This green, environmentally friendly, process, extracts up to 98% of the minerals, including gold and many rare earth elements from Oxide and complex Ores. Furthermore, the process takes 12 - 48 hours which is considerably shorter than the 40 to 120 days other leaching processes take. Furthermore, the heap leaching process, as a general rule only extracts up to 70% of the gold or other minerals from the ore. If left for one to two years it is possible to extract up to 90% of the minerals from the ore using heap leaching methods and compared to CIL plant processing has the same effectiveness without the cost. CIL stands for carbon in leach. This is a gold extraction process called cyanidation where carbon is added to the leach tanks or reaction vessels so that leaching and absorption take place in the same tanks. It is the most commonly used leaching process for the extraction of gold. This process has a higher capital and operating cost but generally has an improved gold recovery of between 20 and 30%. However, this process is still more expensive than our Genesis system, is environmentally unfriendly, is still slow compared to Genesis and in the first 4 to 6 months extracts much less ore than our Genesis system achieves over 12 to 48 hours.

Genesis is the key process that makes economically unviable deposits around the world viable and profitable again.

Genesis is a sustainable extraction method, that yields an improved recovery rate in a much shorter time period even where the presence of gold is as little as 0.10 parts per million. There are no emissions, and the system is environmentally friendly.

Upon the consummation of the transactions contemplated by the Share Purchase Agreement, pursuant to which Lion Works will become the Company’s majority-owned subsidiary (the Lion Works Acquisition), the Company intends to have independent geologists and engineers review the two different systems and write reports on the process. This will be another use of the funds raised though the S-1 registration and funding process.

[gitreal]

Brought to my attention today....another fake gold miner, with "gold backed crypto"!!!

https://investorshub.advfn.com/Star-Alliance-International-Corp-STAL-32113

They're an SEC-filer, walking a fine line with the BS in their filings. Their Genesis gold recovery system promises 400X faster gold recovery than standard leaching methods, and they promise 98% gold recovery. I wonder why the major gold producers aren't flocking to this new technology!!?

[1manband]

They are the exact same claims.

Lather, rinse, repeat.

People must fall for this utter BS because they are still doing it after 15 years. I really want to meet the people that actually believe those claims and find out how they can earn a living being so thick.

[gitreal]

It is the same thing. This new "43-101" is nothing more than a cover letter attached to the original report. It's ridiculous. People fall for this, unfortunately.

Proven reserves??? Sheez......

[rbtree]

Hilarious, ain't it? gitreal posted about this to me on the WSRC board.

You remember Texas Wyoming Drilling? They were pumping some Moapa claims also called "Yellow Jacket"....

I briefly skimmed that report to see if it might be more Moapa desert dirt scamminess.... Didn't bother reading that nonsense closely enough. Maybe you or gitreal might know if its in that same area. It surely sounds like it's the same... I know there have been munerous desert dirt scam attempts at pumping those worthless claims. Or have heard of the report author. I'd say he should have his license revoked.... if he even has one:

THE PROVEN GOLD RESERVE FOR THE YELLOW JACKET CLAIM #73A AS OF April 14,2023
Since all things are not equal in nature and since this is an alluvial fan I am going to use a value
per ton of this ore as a conservative 0.173 (50% of the historic value) ounces of gold to the ton
of this aggregate. Since this is only 40 acres the minable depth would be to only 100 foot and
with this depth considered and at that value the PROVEN RESERVE THAT I AM ASSIGNING TO
THIS CLAIM IS A TOTAL RECOVERABLE NUMBER OF OUNCES OF GOLD IS 1,119,527 AT TODAY’S
PRICE OF GOLD WHICH IS $2,010.00 EQUALS $2,250,249,270.00 PROVEN RESERVE

[1manband]

Phony "NI 43-101 Reports" are still a thing.

The British Columbia Securities Commission recently issued a warning about a phony NI 43-101 Technical Report issued by a Nevada company. And this company is a frequent flier on bogus reports. Yes, it is the exact same claims used by legendary fraud Texas Wyoming Drilling (now Bantec - BANT) to run their pump and dump about 10 years ago. Both the property and the company have since been recycled for use in new frauds.

Investor Alert: Nevada company makes unfounded claims of gold reserves

https://www.bcsc.bc.ca/about/media-room/news-releases/2023/36-investor-alert-nevada-company-makes-unfounded-claims-of-gold-reserves

Vancouver – The B.C. Securities Commission (BCSC) is warning investors about a Nevada-based company that has filed a technical report claiming a large reserve of gold.

In the report, Yellow Jacket Placer Project Partners & Associates, LLC said the mineral reserve had a very large “proven value.” However, investors should not rely on the report, which does not comply with national requirements. It does not contain supporting evidence for valid mineral resources, there is no basis for the dollar values assigned to the project, and it is not authored by a qualified person.

Yellow Jacket Placer Project Partners filed the report on SEDAR, Canada’s official site for most public securities documents and information filed by issuers, on April 21, 2023. However, the company did not file the report with any Canadian securities regulator, as required, and has no apparent connection to any jurisdiction in Canada.

The BCSC recommends that B.C. investors exercise extreme caution when dealing with any company that purports to release a technical report that does not follow the requirements of National Instrument 43-101 and its Form 43-101F1. The rule and the form establish standards for disclosure of scientific and technical information regarding mineral projects, and require that the disclosure is based on a technical report or other information prepared by or under the supervision of a qualified person.

The BCSC urges B.C. investors, agents, or members of the public who have been approached about investing in Yellow Jacket Placer Project Partners to contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 (toll free), via email at [e-mail], or by using the online complaint form.

[gitreal]

I see that the "skill and luck" guy is involved.....which means some kind of shenanigans are going on.....

[Huggy Bear]

NB is a hell of a nascent mining scam.

Claiming 30 billion in reserves and promoted by one of the most vile stock criminals ever with a track record as long as the Chesapeake Bay Bridge.

[gitreal]

It would be so easy for the SEC to crush AABB.....just a subpoena to force them to disclose proof of their (nonexistent) gold bullion. Or proof that their noteholder is a real person, and not affiliated with the company.

[rbtree]

I'm sure you've heard about the EPA vetoing the Pebble! That's been a long fight for conservationists... and will be welcome for lovers of wild Alaska salmon....namely me!!

https://www.yahoo.com/now/whats-next-pebble-mine-now-144600194.html

https://www.worldwildlife.org/stories/epa-blocks-catastrophic-mining-project-in-bristol-bay-alaska?link=txt&utm_campaign=oceans&utm_medium=email&utm_source=advocacy-alert&utm_content=230202

[rbtree]

Sure wish the SEC would come down on AABB.....

[gitreal]

Great! Hopefully first of many prosecutions for fraudulent crypto!

They pushed the limits a bit too far - $10 billion in gold?? AABB only claims to have $30 million in gold.....but a lie is a lie.

[1manband]

SEC files charges against purported gold-backed crypto.

SEC Files Charges in a Crypto Asset Pump-And-Dump Scheme

Litigation Release No. 25537 / September 30, 2022

Securities and Exchange Commission v. Arbitrade Ltd., et al., Civil Action No. 1:22-cv-23171 (S.D. Fla. filed September 29, 2022)

https://www.sec.gov/litigation/litreleases/2022/lr25537.htm

The Securities and Exchange Commission today filed charges against Arbitrade Ltd., a Bermudan company, and Cryptobontix Inc., a Canadian company, and their principals, Troy R. J. Hogg, James L. Goldberg, and Stephen L. Braverman, and a so-called international gold trader, Max W. Barber, for perpetrating an alleged pump-and-dump scheme involving a crypto asset called "Dignity" or "DIG."

As alleged in the SEC's complaint, between May 2018 and January 2019, Arbitrade and Cryptobontix, through Hogg, Goldberg, Braverman, and Barber, issued announcements falsely claiming that Arbitrade had acquired and received title to $10 billion in gold bullion, that the company intended to back each DIG token issued and sold to investors with $1.00 worth of this gold, and that independent accounting firms had performed an "audit" of the gold and verified its existence. As alleged, Arbitrade claimed to have acquired the gold through a purchase transaction with Barber and his company, SION Trading FZE. In reality, according to the complaint, the gold acquisition transaction was merely a sham to boost demand for DIG, thereby allowing Hogg and Goldberg, with Braverman's assistance, to sell at least $36.8 million of DIG, including to U.S. investors, at prices fraudulently inflated by the public misstatements about the supposed gold acquisition.

The SEC's complaint charges the defendants with violating the antifraud and securities registration provisions of the federal securities laws. Specifically, the complaint alleges that: (i) Arbitrade and Cryptobontix violated Sections 5(a) and 5(c) of the Securities Act of 1933, and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; (ii) Hogg and Goldberg violated Sections 5(a), 5(c), and 17(a) of the Securities Act, and Section 10(b) of the Exchange Act and Rule 10b-5, and that Hogg is also liable as a control person for Arbitrade and Cryptobontix's violations of Section 10(b) and Rule 10b-5, and that Goldberg is also liable as a control person for Arbitrade's violations of Section 10(b) and Rule 10b-5; and (iii) Braverman and Barber aided and abetted violations of Section 10(b) Exchange Act and Rule 10b-5. The complaint seeks permanent injunctive relief, disgorgement plus prejudgment interest, and civil penalties against all of the defendants, and officer-and-director bars against the individual defendants. The SEC's complaint also names SION as a relief defendant seeking disgorgement plus prejudgment interest.

[rbtree]

Including yours, soon. This board, which isn't interested in posts that pump garbage, is quite inactive of late. We should talk more about mining scams like AABB, BYRG, WSRC and others, though.

[rbtree]

WTF is AMC thinking in buying a stake in seemingly defunct miner HYMC?

https://www.fool.com/investing/2022/03/18/why-the-heck-is-amc-entertainment-buying-a-gold-an/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

[gitreal]

https://azcc.gov/docs/default-source/az-investor-files/investment-scams/guide-to-mining-investments.pdf?sfvrsn=bc7ef7e1_0

WHERE IS THE MINE LOCATED?
The exact location of the mine site is often not
disclosed in many mining investment scams,
yet surprisingly people continue to invest in these programs
without knowing where the actual mining is to take place.
Press the people who are offering the investment to you (the
offerors) for the exact legal descriptions of the site—do not
accept a lay description such as “the proposed mine site is
located approximately twenty-five miles northwest of
Flagstaff, Arizona.” That type of description tells you
nothing at all about the true location of the site. If the
offerors cannot or will not provide you with the exact
location of the mine, DO NOT INVEST!!

Location of AABB's gold mining operations were never disclosed with any details, perfect example.

[rbtree]

Check out today's news from WSRC, which has resulted in the first upward move since the June news about the SSMG mining claims. Up over 100%

Western Sierra Resource Corporation Announces Completion of Audits Reflecting $47 Million in Assets and Prepares S-1 Filing to Take Initial Steps Toward Nasdaq Listing
https://www.otcmarkets.com/stock/WSRC/news/story?e&id=2033315

I posted this on the board a couple months ago.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165423412

My post from today, in reply to stervc's granola post
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166532691.

[12yearplan]

Hey Gitreal, new innovation in the sector - applied AI

https://stockhouse.com/news/press-releases/2021/09/24/azincourt-partners-with-fobi-to-utilize-ai-and-data-analytics-at-the-east
Hope ur doing well!, always enjoy(ed) ur expertise..
Best Regards, 12yr

[gitreal]

Frederick Bauman
SEC Charges Attorney with Participation in IIIegal, Unregistered Securities Offerings

Litigation Release No. 25199 / September 8, 2021

Securities and Exchange Commission v. Frederick Bauman, No. 2:21-cv-1651-GMN-EJY (D. Nev. filed September 8, 2021)

On September 8, 2021, the Securities and Exchange Commission charged Nevada resident Frederick Bauman with playing a critical role as an attorney who facilitated the unregistered sale of millions of shares of securities by two groups engaged in securities fraud.

According to the SEC's complaint, between 2016 and August 2019, Bauman authored at least a dozen legal opinion letters falsely stating that certain shareholders were not affiliated with the public companies whose stock they held. The complaint alleges that in reality, the public companies and shareholders were under common control, and the shareholders were therefore affiliates of the companies. Stock held by an affiliate of a public company is restricted, and only small quantities of such stock can be legally offered or sold to the public without a securities registration statement in effect. A registration statement contains important information about a public company's business operations, financial condition, results of operation, risk factors, and management. According to the complaint, Bauman provided the opinion letters to transfer agents - entities that record the ownership and transfer of securities, and thus routinely track whether particular securities are subject to resale restrictions. The transfer agents allegedly relied on Bauman's false letters in treating shares of stock as unrestricted, and recording transfers on that basis. The complaint alleges that Bauman's letters thus facilitated sales of millions of shares that could not legally be sold to the public without a registration statement.

The SEC's complaint, filed in federal district court in Nevada, charges Bauman with violating the securities registration provisions of Sections 5(a) and 5(c) of the Securities Act of 1933. Without admitting or denying the allegations, Bauman consented to the entry of a final judgment permanently enjoining him from future violations of the charged provisions. In addition, Bauman consented to a five-year penny stock bar and a five-year conduct-based injunction that restricts his ability to prepare opinion letters. Bauman agreed to pay a $60,000 civil penalty, $13,000 in disgorgement, and $1,653 in prejudgment interest. The settlement is subject to court approval.

The SEC's case is being handled by Nita Klunder, Kathleen Shields, Eric Forni, Trevor Donelan, and Amy Gwiazda of the Boston Regional Office. The SEC appreciates the assistance of the Financial Industry Regulatory Authority.


https://www.sec.gov/litigation/litreleases/2021/lr25199.htm

[gitreal]

Remember Craig Parkinson, R.G., the geologist that could find a multi-billion dollar deposit anywhere he looked? Lost his RG in 2018 due to his involvement with a silica sand scam.

https://btr.az.gov/sites/default/files/disciplinary-actions/parkinson_p17-050.pdf

[rbtree]

So much fantasy and BS here, it ain't funny. https://westernsierraresource.com/08.03.21%20Mining%20Report.pdf

Time for the SEC to step in....

[gitreal]

https://kdminer.com/news/2021/mar/06/pssst-wanna-buy-gold-mine/

Mark Twain is credited to have said “a gold mine is a hole in the ground with a liar standing on top.” In my experience, this isn’t that far from the truth. In the early 1990s, BreX, a Canadian mining company, made announcements about a fabulously rich gold discovery in Indonesia. The announcements continued until many investors bid the price of the stock from a few pennies to over $200 a share. Even the government of Indonesia wanted a piece of the action. When a major mining company wanted to buy the discovery, it sent geologists to verify the find and discovered that it was a scam. Billions were lost when the stock crashed and it took until 2006 for the gold investment industry to recover. The president of BreX disappeared, later to surface in a Caribbean country with no extradition treaty with Canada. If he hadn’t died from a heart attack while partying too hard, he’d still be free and enjoying the sun and sand. The geologist involved in the scam suffered a worse fate; he was pushed out of a helicopter while flying over the jungle.

I was working in South America at the time of BreX and my boss would harass me by asking, “why don’t you find a deposit like that?” I’d tell him that it sounded too good to be true but what does a lowly geologist know. As a consultant, I was called to evaluate several mining properties in Mohave County that turned out to be scams. I wasn’t liked by some in the Mohave County mining fraternity because I’d reject their properties even though they said their mines would be bigger than Mineral Park.

One of the properties I evaluated was in Detrital Valley downstream from the White Hills mining area. The promoter was selling shares in his venture to recover all the silver that had washed down from the mountains. He claimed it was all under the surface in Detrital Valley. He had a secret process to recover the silver and also the gold and platinum that would make this the richest mine in all of North America. I reported to the investor that hired me to run, not walk, away from this “great opportunity.”

How did I know this was a scam? First of all, only rarely does silver make placer deposits. Unlike gold, silver is soluble under the right conditions and seeps into the ground in solution, depositing on other sulfides, so the idea of a large placer silver deposit made no sense. Secondly, platinum doesn’t occur in the rocks that outcrop in the White Hills.

Most mineral deposits are genetically associated with certain types of rocks – diamonds with kimberlite, copper with quartz monzonite, nickel and platinum with ultramafic rocks. When a prospector brings me a sample and claims that it has platinum, I always wonder how many catalytic converters he crushed to get enough platinum to “salt the sample” (adding gold, silver or platinum to a worthless sample to make it assay as valuable).

One of the most common mining scams is the one where the prospector has a type of gold that can’t be fire assayed. It can only be detected by using his “secret method.” I’ve been told that this type of “ore” can be found in the Gold Basin area, the Cerbat Mountains and well, essentially everywhere there are gold miners. The fire assay method has been around since Biblical times; references to fire assaying can be found in the Bible. Fire assaying is still in use today. I tell the prospectors that instead of mining the ore that can’t be fire assayed, they should submit it to the United States Geological Survey and collect the $1 million dollars the USGS offers for such an ore. For the many years that the USGS has made this challenge, no one has collected.

Arizona is famous for the Lost Dutchman Mine. It’s supposedly lost in the Superstition Mountains northeast of Phoenix. I spent some time prospecting in the Superstition Mountains and found no gold but there’s lots of copper in the Superior and Globe areas. What’s interesting is that at the same time the Dutchman was traveling to Phoenix from the east, the Vulture Mine was operating near Wickenburg, west of Phoenix. What if the Dutchman was in on the stealing at the Vulture Mine? Taking the gold from his partners and traveling around so he entered Phoenix from the east to throw off suspicions. I wonder if the Dutchman knows he lives on in the mystery he created rather than the gold he stole?

The honor for the start of the Great Diamond Hoax of 1872 also belongs to Arizona. Two men found quartz crystals near the town of Ft. Defiance, NE Arizona. Finding out that, although the crystals looked like diamonds to them, the crystals were worthless, they cooked up an elaborate scheme to sell diamond claims to wealthy business owners in San Francisco, California. A great read on the web are the accounts of the “Great Diamond Hoax.”

The next time someone wants to sell you a gold mine where the gold can only be assayed by his secret method and, by the way, it has platinum, too, give me a call. I also have a gold mine to sell.

Check out the AZ Geological Survey website for more information on Arizona mining scams: http://repository.azgs.az.gov/category/thematic-keywords/mining-fraud.

[gitreal]

Western Sierra back in the "mining" business......platinum, palladium, and rhodium, oh my!

https://www.otcmarkets.com/stock/WSRC/news/story?e&id=1927814
Western Sierra Resource Corporation Enters Talks to Acquire Majority Stake in a Gold Mining Operation With Enhanced Recovery Net Income Projected at $3.2 Billion

STEAMBOAT SPRINGS, Colo., June 22, 2021 (GLOBE NEWSWIRE) -- WESTERN SIERRA RESOURCE CORPORATION (OTC: WSRC) is pleased to announce that it has entered into negotiations with Silver State Mining Group, Inc. (“SSMG”) to acquire 70% of its common stock. SSMG owns 49% of the Sage Hen Mining claims in Nevada totaling 640 acres. The Sage Hen claims are located adjacent to the Relief Canyon Mine in the Oreana Tend. In addition to gold and silver, the enhanced recovery system assays have indicated platinum, palladium and rhodium. WSRC and SSMG plan on building a 100 ton/day plan and then immediately increasing that to 1,100 tons/day. Projected annual net income from the 100 ton/day and 1,100 ton/day operation is $269 million and $3.2 billion respectively. We look forward to providing further details and timely updates on the company's progress.

About Western Sierra Resource Corporation:
Founded in 1907, Western Sierra Resource Corporation (a Utah corporation), has historically been a gold and silver mining company which continues to own several historical precious metal reserves in Arizona. In 2014 the Company broadened its vision to include natural (and renewable) resources with its acquisition of water rights and associated infrastructure assets in Colorado for purposes of irrigating and cultivating industrial hemp; processing hemp for manufacture of various building products; and construction of affordable homes utilizing hemp-based materials—among other beneficial uses. Commercial, Industrial, and Agricultural land for these purposes has been recently acquired (closed as of 06.15.21) at a price of $1,400,000, with additional agricultural and residential land also now under a $250,000 non-refundable earnest money purchase contract. WSRC’s intent is to become a broad-based resource company with high value and high income generating assets including water rights and precious metals and related technologies.

Forward Looking Statements:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Such statements include any that may predict, forecast, indicate, or imply future results, performance. or achievements, and may contain the words “estimate”, “project”, “intend”, “forecast”, “anticipate”, “plan”, “planning”, “expect”, “believe”, “likely”, “should”, “could”, “would”, “may” or similar words or expressions. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those in such statements, which involve risks and uncertainties, including those relating to the Company’s ability to grow. Actual results may differ materially from those predicted and any reported should not be considered an indication of future performance. Potential risks and uncertainties include the Company’s operating history and resources, together with all usual and common economic, competitive, and equity market conditions / risks.

Contact:

Western Sierra Resource Corp
westernsierraresource.com
Twitter: @wsrcorp

[rbtree]

Shiz's one of a few that I hit and run with on stocktwits and reddit now and then, on AABB, even NWGC. and a couple others.

Pump city over there....

[gitreal]

AABB investor with a calculator! It is always amusing to see someone calculate how much revenue a "mining company" can make per year in gold revenue based on a few grab samples........of a mining prospect they don't even own.

https://www.reddit.com/r/aabbstock/comments/noq4k7/maths_for_bonanza_shizzle_weekend_read/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Maths for Bonanza. Shizzle weekend read
Let’s do some maths for the new to be acquired bonanza mine.

The recent assay results gave 6.8, 8.9, and 10.4 g/ton of the samples taken. The core samples that will be taken this week are thought to be even more promising. To be conservative let’s use an average of the three for now. 8.7 g/ton. The bonanza mine is capable of processing 200 tons per day. We don’t know what the recovery rate is but we will assume the recovery rate is already taken into account with theses assay results.

8.7 x 200 = 1740g per day.

In 1 g = 0.0353 oz so…

1740 x 0.0353 = 61.422 oz per day

Let’s say they operate 7 days per week with two weeks off per year.

350 days at maximum capacity. This is best case scenario.

To be conservative we can use 300 days to account for shorter work weeks and not operating at full capacity (200 tons) per day.

350 x 61.422 = 21,497.7 oz per year 300 x 61.422 = 18,426.6 oz per year

Current spot gold price per oz is $1910. It’s expected to be much higher by the end of the year.

21,497.7 x $1910 = $41M per year 18,426.6 x $1910 = $35M per year

This doesn’t account for cost of revenue etc… but wholly frijoles. That’s a shit ton. Keep in mind that this is just for one mine. They will have up to three and perhaps more.

2021 looks bright.

In other words they can release

1740 x 350 = 606,000 g

1 token is 0.1 g gold

ca. 6 million more tokens

Until next time

Shizzle

[rbtree]

Why bring that old blather over here?

Since the below was posted, what the hell has happened to the company, the stock price, and the gold??
Post #
11683
of 41730 Go
First and foremost, this is the MXSG board, not the GORO board. With respect to MXSG, have you read the Cesar Lamas reports? Please comment on them in detail as they pertain to the potential value of this company's properties


Go away.

[8thaero]

Continued from Post 41741 by 8thaero » Mon May 24, 2021 12:42 pm

"Amadeus4153 Member Level Sunday, 12/18/16 04:34:41 PM
Re: rbtree post# 11679
Post #
11683
of 41730 Go
First and foremost, this is the MXSG board, not the GORO board. With respect to MXSG, have you read the Cesar Lamas reports? Please comment on them in detail as they pertain to the potential value of this company's properties"

Is one persons ill argued history now long past with resource defined from production drills after 4 years continuous production. BUT... GORO continues to do well enough today. Some still need education on SEC defined Guide 7 test mine exception? Old stuff but now mentioned alla time is a good education. As largest pvt investor IT WAS NOT a cause of GORO decline That was a :STREETSWEEPER " shorting attack combined with spurious investor suits tossed out of all Colorado Courts as pure fraud. All eventually boiled down to falling $2000 POG while large dividends continued to pay original investors back many times over . at .06 monthly. . LIKE my 540K .25 PRE SELF IPO shares paid up every 3 months. Now can current FTCO same folks do near as well in finally fast riding again POG?

So do SEC spell out Test Mine exception for ya'all? Was existing law still in play no recognized filed resource but easier now to claim under Intl standards like NI 43-101.

"Re: rbtree post# 3725 0
Post #
3726
of 3895 Go
GORO was well-known for possible stock manipulation and certainly for incorrect, possibly fraudulent, disclosure. GORO was not telling the entire truth about their operations. They ran into significant difficulty with the SEC regarding the disclosure about their mining without proven reserves. Once those were corrected, the stock ceased to be a high flyer. There is a lesson there.

The SEC comment letters are quite interesting. In particular, this comment:

2. We note that you have recorded increasing revenue over the past three years and have also recognized net income in each of the past two years. We further note the disclosures throughout your Form 10-K in which you indicate that you have reached commercial production in July 2010, as well as the statements on your website that your “El Aguila Project commenced commercial production July 1, 2010” and you are “focused on production and pursing development…” Since you have not yet demonstrated the existence of proven and probable reserves, as defined by Industry Guide 7, you continue be in the exploration stage and thus are an exploration stage company. In addition, your current presentation of income earned during the exploration stage as revenue with corresponding mine cost of sales and mine gross profit depicts your exploration stage operations as being in the production stage. This presentation creates a presumption that you have established proven and probable reserves and as a result any prior income earned from your exploration activities is indicative of continued future income. Please amend your Form 10-K to make the following revisions:
?
Given that you are not in either the production or development stage, please remove all references to commencing production, commercial production or development throughout your Form 10-K that may give the impression that you have reached either the development or production stage. Alternatively, define for us your use of production and commercial production throughout your filings, explain to us the basis for your conclusion that you have reached commercial production and tell us why you believe that the inclusion of these references is appropriate.
?
Revise all references to “sales of metals concentrate, net” or “revenue” in your filing to instead label as “income earned from exploration activities.”
?
Revise your consolidated statement of operations to present an unclassified income statement that does not include mine cost of sales or mine gross profit.

https://www.sec.gov/Archives/edgar/data/1160791/000000000013024135/filename1.pdf

GORO tried to dance around their comments, but the SEC was firm. When they didn't correct the problem, the SEC reissued the comment. Twice.

We note your response to comment two of our letter dated May 2, 2013. Since you have not yet demonstrated the existence of proven and probable reserves, as defined by Industry Guide 7, you continue be in the exploration stage and thus are an exploration stage company. We continue to believe your current presentation of sales of metals concentrate as revenue with corresponding mine cost of sales and mine gross profit depicts your exploration stage operations as being in the production stage. Although inventory is recorded on your balance sheet, you are not capitalizing any other costs but instead expensing them as incurred. Therefore, your mine cost of sales is not capturing depreciation, depletion or any other costs related sale of inventory. Please amend your Form 10-K to make the following revisions:
?
Revise your consolidated statement of operations to report all income and costs related to your exploration activities as Other Income, net in the operating expense section.
?
Include footnote disclosure to quantify and describe the items comprising Other Income, net, along with a clear discussion of what is and is not included in the cost of sales component of this line item.
?
Please provide us with draft changes to your financial statements in your response letter.

https://www.sec.gov/Archives/edgar/data/1160791/000000000013037894/filename1.pdf

We note in your response to comment six of our letter dated May 2, 2013 that the concentrate sale settlement adjustments of $3.1 million (2012) and $0.6 million (2011) are not reflected in the smelter refining fees, treatment charges and penalties. As such, it appears that these concentrate sale settlement adjustments are not included in you cash cost per gold equivalent ounce sold calculation on page 35. Please confirm our understanding and, if so, explain to us why you have not included these settlement adjustments in your cash cost per gold equivalent ounce sold calculation.

And then when GORO continued to distort the costs, the SEC hit them again:

We note you present the non-GAAP measures of total cash cost per gold equivalent ounce sold of $419 and $269 for fiscal years ending 2012 and 2011, respectively, both computed by deducting by-product copper, lead and zinc sales (the “non-GAAP measures”). In calculating these non-GAAP measures, we believe the reduction for by-product revenues is not appropriate because it materially distorts your actual production costs.

And then they argued with the SEC. Over and over. In the end, the SEC won.

GORO is an incredibly poor choice for comparison purposes, unless you are comparing it with a stock scam or pump and dump. In those cases, GORO would look pretty good. But not in comparison to another reporting company that follows the rules."

[dukeb]

Over the years I've been pitched a few high return investments. I always ask myself "If this is such a great deal, why do these people need MY money and why are they sharing this largesse with the likes of me?"

Retirees and others on a fixed income are always looking for a way to bring in more than the sub 1% rates that are being offered on CDs.

Their pockets are, unfortunately, ripe for the picking.

May these scammers rot in their cells.

[gitreal]

These guys got caught; how many like this are on-going and won't get caught?

[1manband]

Four Sentenced for Advanced Fee Scheme that Promised to turn Dirt into Gold

Defendants Defrauded 140 Victims of More than Eight Million Dollars

https://www.justice.gov/usao-ut/pr/four-sentenced-advanced-fee-scheme-promised-turn-dirt-gold

SALT LAKE CITY – Marc Tager, Jonathon Shoucair, Matthew Mangrum, and Kenneth Gross have all been sentenced for their role in an eight million dollar telemarketing fraud scheme that promised investors, most of them elderly, that their business could extract gold from dirt.

Marc Andrew Tager, 55, of Sandy, Utah, was sentenced on April 14, 2021, to 43 months in federal prison for conspiracy to commit wire and mail fraud, money laundering, and possession of a firearm by a convicted felon.

Jonathon Edward Shoucair, 69 of North Hills, California, was sentenced on October 23, 2020, to 72 months in federal prison for conspiracy to commit wire and mail fraud and money laundering.

Matthew Earl Mangum, 51, of South Jordan, Utah, was sentenced on November 18, 2020, to 48 months in federal prison for conspiracy to commit wire fraud and money laundering.

Kenneth Stephen Gross, 75, of Porter Ranch, California was sentenced on January 16, 2020, to 24 months of probation for failing to disclose to federal authorities that he had knowledge that securities fraud was occurring.

Tager, Shoucair, and Mangum posed as the leaders of the scheme and told victim-investors they had created a plan to make money by extracting gold from dirt using a revolutionary process developed by Mangum--who was held out to investors as an expert in metallurgy and the refining of precious metals. Investors were told that the defendants controlled this proprietary, breakthrough, nanotechnology that used environmentally friendly means to recover microscopic particles of gold from dirt. Gross was engaged in cold-calling potential investors and passing interested individuals on to Tager and Shoucair in order to obtain funds from these investors.

Investors were told that the group needed investors’ money to pay for the space, equipment, materials, and labor to develop Mangum’s process into a large scale, highly profitable business that would generate huge returns. Instead, the co-defendants operated an advanced fee scheme with Tager, Shoucair, and Mangum making fraudulent statements to investors to secure funding that was only partially used to support the business, which was never profitable.

In order to carry out the fraud, the three defendants formed Jersey Consulting, LLC (“Jersey”) and created a marketing website for their business. On the website, the defendants claimed that Jersey owned an 80 acre mining claim with a substantial amount of mineral rich ore; that their revolutionary mining technology could achieve 20 times the yield of traditional mining at a fraction of the cost; that their process was environmentally friendly; and that investors would achieve 100% percent returns on their money in 12 months. Investors were also told that their money would be secured by the physical assets owned by Jersey and that the investors would have priority over these assets should the business fail.

What investors did not know was that Tager and Shoucair first met while serving multi-year federal prison sentences together for previous fraud related convictions. Tager, who was convicted of conspiracy to commit mail fraud in 2005 and sentenced to approximately 2 years in prison, met Jon Shoucair, who was serving a 5-year prison sentence in the Sheridan Federal Correction Institution for running a $50 million telemarketing fraud.

Since 2014, the men raised over eight million from about 140 investors through the use of a national telemarketing strategy. The majority of the investors were over the age of 65. However, three million dollars of investors’ money was spent for the personal benefit of Tager, Mangum, and Shoucair, with another two million dollars of the funds going to pay telemarketers, including Gross, who helped raise the funds. It is estimated that only three million dollars of the investors’ funds were used to pay for potentially legitimate business expenses incurred by Jersey.

Assistant U.S. Attorneys Jacob J. Strain, Trina Higgins, and Allison Moon in the Utah U.S. Attorney’s Office prosecuted the case. Investigators from the Utah Department of Commerce Division of Securities and Special Agents from the FBI and the IRS conducted the investigation.

[TRIPLE_ZERO_SEVEN]

Agreed.

[gitreal]

The CEO of TINO is nuts. Not unusual in pennyland.

[TRIPLE_ZERO_SEVEN]

I was in TINO or had just exited when this PR came out. This guy is crazy.

[1manband]

I will take Answer (D).

ALL OF THE ABOVE.

Mining scams go in cycles. And we are at the very beginning of the next one.

[gitreal]

Yeah, expecting a bunch of new ones to crop up. CGLD is the latest.....take a bunch of unpatented claims on USFS land, tell investors you have "billions in mineral reserves" without a single drill hole, and promise no selling of shares by management for two years!!! Of course, that doesn't mean that toxic lenders won't be dumping millions of shares....they're not management, right?

I expect to see the usual tales of reprocessing tailings where the old timer miners somehow missed half the precious metals. New technology involving plasma heated to the temperature of the sun, or maybe some kind of magic elixir to suck out the gold.

Maybe some wacko schemes to extract gold from volcanic ash, or coal ash, or maybe from lake bed clays?

Or maybe another imaginary Mexican gold mine being operated by imaginary management (a la SRGE, CRGP, and now AABB).

Or how about yet another new Lumb scam? It's about time to kickoff another one of those.

[1manband]

With the rising price of Gold and other metals, the number of stock scams tied to mining is also rising.

I think this board is about to get much busier.

[gitreal]

RENO, NV -- March 24, 2020 -- InvestorsHub NewsWire -- Itronics Inc. (OTC:ITRO), an emerging "Clean Tech Materials" growth Company that manufactures GOLD'n GRO Multi-Nutrient Fertilizers and produces Silver, today announced that it is an "Essential Business" under state of Nevada guidelines issued by the Nevada Department of Public Safety on March 20, 2020. Itronics is in more than one of the 16 Critical Infrastructure Sectors designated by the Homeland Security Cybersecurity and Infrastructure Security Agency (CISA), "Food and Agriculture," as a manufacturer of fertilizers used in the production of crops, and a recycler of critical minerals.

So, how many crappy OTC companies like ITRO are calling themselves "essential businesses"?

[ShootinBlanks]

Medinah

[Huggy Bear]

Carnies sure love that "WW II halted the bonanza mother lode score" BS line....

[gitreal]

Diamonds in Arizona! This is from earlier this year:

Centaurus Announces the $10,080,000 Acquisition of the Historic Johnny Bull Mine and Newly Discovered Diamond and Gemstone

Date : 05/16/2019 @ 3:58PM
Source : InvestorsHub NewsWire
Stock : Centaurus Diamond Technologies, Inc. (PN) (CTDT)
Quote : 0.1 0.0 (0.00%) @ 7:52AM

Centaurus Announces the $10,080,000 Acquisition of the Historic Johnny Bull Mine and Newly Discovered Diamond and Gemstone

LAS VEGAS, NV -- May 16, 2019 -- InvestorsHub NewsWire -- Centaurus Diamond Technologies, Inc. (the "Company" or "Centaurus") (OTCQB: CTDT) is pleased to announce the completion of a joint venture and strategic land acquisition deal with Apache Mill Tailings USA, Inc. ("Apache") on Apache's 24-acre Johnny Bull Mine in Chloride, AZ, for $10,080,000 in stock and cash.

In exchange for 10 million shares of Centaurus' stock and $80,000 in cash, Apache will conduct operations on Johnny Bull Mine and grant all recovered diamonds, sapphires, emeralds, and gemstones to Centaurus. Apache will also sell all noble metals and rare earth minerals to Centaurus at 20% below spot market price. Additionally, both parties have agreed to share 2% of net revenue from their separate revenue streams that originate from the mining complex.

The Johnny Bull Mine is a 24-acre lot adjacent to the famous gold mining town of Chloride, Arizona and is less than 90 minutes away from Las Vegas. Eight holes were dug in the early 1900's along a Kimberly dyke and are spaced between 200 and 370 feet apart. Operations ceased when the Federal Government banned non-strategic mining during WW2, mining operations have not resumed until now. Due to modern improvements in technology it is now practical to harvest the remaining value from the milled and mined tailings piles.

Apache has hired Sierra Enterprises, LLC to commence operations in late May. Over one million tons of tailings are available for immediate processing, the entire ore deposits are estimated to be worth $22 billion.

In order to verify the mineral wealth, spectroscopic assays were carried out from the same locations that were assayed in the past by William Crutchfield, Jr. for the Santa Fe Railroad in 1980. To our pleasant surprise, all eight locations had hit a rich Kimberly Dyke, due to a local caldera formed as a result of volcanic activity. The most promising pit assay detected 1.6 oz./ton of gold and 14.5 oz./ton of silver, high amounts of lead and zinc, and a very rich gemstone deposit.

CEO Chas Radovich stated, "After reviewing the latest spectroscopy assay data and imagery, as well as the third party assay reports, it made for an easy decision for our Board of Directors in the interest of our shareholders. We have minimized our costs and risks in this venture and stand to profit greatly as we integrate these "Made In America" diamonds and gemstones into our operations for both industrial and jewelry-grade use."

For more information contact Chris Cass at Investor Relations for Centaurus at [e-mail].

SOURCE: Centaurus Diamond Technologies, Inc

[gitreal]

Diamonds in Mexico!!

https://ih.advfn.com/stock-market/USOTC/tamino-minerals-inc-pn-TINO/stock-news/81227153/property-signed-through-loi-letter-of-intent-to-ac

Property signed through LOI (Letter of Intent) to acquire "Multi-Million USD values in Gold Equivalent Amounts within Mineral...

Property signed through LOI (Letter of Intent) to acquire "Multi-Million USD values in Gold Equivalent Amounts within Mineral Rights"

Montreal, QC, Canada -- November 26, 2019 -- InvestorsHub NewsWire -- Tamino Minerals, Inc., a mineral exploration and development company, (“Tamino” or the “Company”) (OTC Markets: TINO), www.taminominerals.ca has signed a Letter of Intent conveying to Tamino the right to acquire 100% ownership of a project in a Mineral Rich Region that already generates millions of dollars in revenues and that is well known in its sector.

The claim located in the state of Sonora, Mexico, called “Ofelia”, has already been assayed for gold, with rock chip samples containing more than 1oz of Gold –Au-. It has title to over 47.0 acres of mineral rights for diamonds and gold in this region and is surrounded by more than 15 minerals claims.

Additional information will be disclosed in the next few days regarding details of the LOI.

TAMINO MINERALS, INC.

TAMINO MINERALS INC. is exploring for gold and other mineral deposits within a prolific Gold producing State, Sonora. Under SEC Fair Disclosure Guidelines, persons interested in Tamino Minerals can expect disclosures and updates at OTC Markets, the company’s website, www.TaminoMinerals.ca, Instagram: www.instagram.com/taminominerals Twitter: www.Twitter.com/TaminoMinerals and Facebook: www.facebook.com/taminominerals.

On behalf of the Board,

•Pedro Villagran-Garcia -


Pedro Villagran-Garcia, President & CEO
Tamino Minerals, Inc.

For further information, please contact the company at 1 [phone] or by email at [e-mail]

[1manband]

Allegations of another fake gold mine. This time, it is backing a popular crypto-currency, one whose issuer has already been labeled by regulators as a "pyramid scheme".

‘Gold-Backed’ Crypto Token’s Promoter Investigated by Florida Regulators

https://www.coindesk.com/gold-backed-crypto-tokens-promoter-investigated-by-florida-regulators

Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state.

Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has been unable to verify the existence of the mine the company says produced the gold.

Before it entered the crypto space, Karatbars sold gold products online through an affiliate marketing system that regulators in three countries warned the public to avoid.

CoinDesk interviewed three of Karatbars’ current “affiliates,” who said they passionately believe in the company and its tokens.

A German company that claimed to raise $100 million in a 2018 initial coin offering (ICO) is being investigated by Florida financial regulators, CoinDesk has learned.

Karatbars International GmbH has announced plans to follow its first token sale with another one in December 2019. While the 2018 token sale was for its allegedly gold-backed KaratGold Coin (KBC), this year the company has been promoting a KaratBank Coin connected to a “cryptocurrency bank” in Miami.

The claim about a cryptocurrency bank seems to have landed the firm in hot water with the Florida Office of Financial Regulation (OFR).

“Karatbars is not licensed as a bank with the OFR,” the agency’s director of communications, Katie Norris, told CoinDesk. “The OFR has an open investigation, and so that is all the information I can share at this time.”

Karatbars International GmbH has not responded to CoinDesk’s requests for comment. We will update the article if we hear back.

The Florida investigation is not the first time Karatbars has come under regulatory scrutiny. The company was founded in 2011 by German entrepreneur Harald Seiz, who still heads it.

In 2014, long before Karatbars’ first token sale, Quebec’s Financial Markets Regulator issued a warning for investors to “be cautious” about the company, which offered internet-based purchases of gold to prospective “affiliates.” Karatbars offered these buyers a commission to sign up other affiliates.

Regulators in the Netherlands and Namibia have issued similar public warnings, with the former calling Karatbars’ business a form of multi-level marketing and the latter going so far as to label it a pyramid scheme.

First token

Despite this history, Karatbars’ first token, KBC, trades on more than 30 exchanges including HitBTC and Yobit and has been promoted on Twitter by the likes of John McAfee.

The coin, which runs on the ethereum blockchain, was distributed through an ICO in April 2018, reportedly garnering $100 million. Since the summer of 2018, the token has traded at fractions of a penny, according to CoinMarketCap, which calculates KBC’s current global market capitalization at $92,642,798.

The affiliate marketing strategy of Karatbars’ earlier business carried over to the token issuance, and affiliates interviewed by CoinDesk said much of their buying activity took place on the company’s own platform. Perhaps for this reason, the coins tend to stay put on the public ledger. According to the blockchain data explorer site Etherscan, the first transfer of KBC took place in November 2018, months after the ICO, with 20.9 million tokens now residing in 42 wallets.

Karatbars claims that the gold backing KBC was mined from Fort Dauphin in Madagascar. But CoinDesk was unable to independently verify that such a mine exists, or that Karatbars has any in the country.

In an email forwarded to CoinDesk by a third-party researcher, officials at the Madagascar Chamber of Mines said:

“We regret to inform you that there is no Fort Dauphin gold mine in Madagascar and Karatbars does not hold a mining permit in Madagascar.”

CoinDesk has reached out directly to the relevant authorities in Madagascar and will update the article if we receive more clarity on the matter.

When asked about his posts promoting the company, McAfee told CoinDesk:

“I believe that coins linked to a standard of value will be the foundation of the entire crypto movement. A safe haven without having to exit the crypto world into the world of fiat currencies.”

‘I believe in it’

It might be easy to dismiss KBC but many have seen opportunities in the project.

Florida resident Taylor Richey, a long-time gold bug and current KBC affiliate, launched his own startup to facilitate a point-of-sale service for KBC, called Karatstars Labs, after getting laid off from his factory job. So far, Richey said, two merchants (one being his own online store, however) have agreed to accept the tokens as payment for their wares.

“I believe in it enough that I decided to make my own career, a company, building a company to bring value to this ecosystem,” Richey said. “In 2018, when they [Karatbars] pivoted from a gold company into crypto, with the help of their affiliate program they became the number one seller of gold bullion in the world.” (Senior executives at three different organizations in the gold bullion market told CoinDesk it would be difficult or impossible to prove such a claim.)

Three KBC-holders interviewed by CoinDesk stated multiple times that Karatbars ran the world’s largest ICO (a title that arguably belongs to Block.One’s $4.1 billion sale for the EOS blockchain), praised the regulated state of the alleged crypto bank in Miami and mentioned purported endorsements from parties as diverse as the Vatican to the Real Madrid soccer team, neither of which responded to requests for comment. However, famed footballer Roberto Carlos did appear on stage at a Karatbars event in Amsterdam.

Likewise, the holders’ belief in this company, they said, was bolstered by real products – swag and small pieces of gold – that affiliates often received as part of their rewards program. Such affiliated products, like an “upcoming” Karatbars-friendly smartphone, are also promoted on sites like CoinTelegraph and VC News Network, a Reuters partner.

One American KBC affiliate, Andrea LaRosa, broke down in tears while telling CoinDesk about how the gold rewards finally offered her financial freedom in late 2018, after years of struggling with an assortment of bootstrapped businesses. After all, she said, the company has shipped her pieces of real gold.

“It’s based on how many contracts that you can collect. How many transactions that are made, in your business,” LaRosa said. “I’ve been inspired and gotten so much encouragement from other leaders. They don’t want anything from here. They’re really here to help. … I love Dr. Seiz’s mission to help people get out of debt.”

(Affiliates and press materials often refer to Karatbars founder Seiz as a doctor. CoinDesk was not able to independently confirm any such credentials.)

Crypto gateways

Many of these token holders, including LaRosa, came to KBC through the bitcoin community and not through traditional gold bug circles like Richley, who told CoinDesk he did enough research to avoid most ICOs.
LaRosa still holds a little bit of bitcoin and ether herself, although she has moved the majority of her investments into KBC.

“Bitcoin is really backed by nothing. But our KBC is backed by gold, and the [KaratBank Coin] is backed by our assets,” she said of her reasoning. “Eventually the two coins will be merged and come together.”

Likewise, Filipino-American immigrant and KBC affiliate Jose Buco plans to travel back to his homeland in the near future to preach the Karatgold gospel. He told CoinDesk he started by investing $32,000 in this company’s crypto products in 2018, assets which he said public metrics and exchanges now deem to be worth $41,000.

He recently returned from the Netherlands, where hundreds of Karatbars affiliates gathered in August to celebrate their “bridge from the financial system to cryptocurrency,” as Buco put it.

Like the other holders interviewed by CoinDesk, Buco researched Karatbars and bitcoin itself before deciding to prioritize KBC. As someone who felt underserved by the traditional financial system, he said his tangible evidence came from social media and community events, including people he built personal relationships with.

“You can see on YouTube the gold they are stocking up,” Buco said.

[gitreal]

What kind of "mining" company issues a PR with language like this?

https://www.otcmarkets.com/stock/TINO/news/story?e&id=1440011

September 24, 2019 08:31 ET | Source: Tamino Minerals, Inc.

MONTREAL, Sept. 24, 2019 (GLOBE NEWSWIRE) -- "Tamino" or the "Company" (OTC Markets: TINO) -- The Company has prepared a Summary of Events to present to the FGR, Fiscalia General de la Republica, to update them on our latest achievements, and will be presented to them in the near future.

Ongoing Investigations
Price per share and Volume has increased significantly, but we are still waiting on our largest shareholders to contact us. The company has had a bad experience with shareholders that haven’t been responsible, nor stepped to the plate to fund our Exploration Program, even when they have enjoyed significant share price appreciation. It may sound far-fetched, as if a US Government Agency or an American Business Group is utilizing espionage to stop funding. Our efforts have been going on since the Q1/2013.

Mexico is currently in dire straits and requires job creation desperately. North America has shifted to invest only in the United States of America, leaving Mexico’s NAFTA agreement in a forgotten gray area.

We want to specify that some shareholders have been quite sarcastic and have brought up the fact that we haven’t advanced the company’s exploration program as mandated within our Geologic Reports. It's now the time to get funds to explore on this round as we have been wrestling with this matter since Q1/2013 when our stock was trading at $3.00 USD per share.

Preparation of a Feasibility Study
Mexico’s Federal authorities must be prompted on all aspects of how this evolves. We don’t want our audience to think that Mexico’s Mining Authorities are not being informed that we plan to resolve this matter. We haven’t started to prepare a Feasibility Study, but we are focusing on producing one. It is important to accomplish this in order to build a mine and calculate reserves to asses the value of the project.

As far as we are aware, Mexico’s Federal Government has been collaborating with the ongoing investigations. Mexico’s Mining Industry took off since NAFTA was signed back in the 90s, and has become a supplier of Precious Metals and Minerals to NAFTA’s trade bloc; one of the largest in the world by gross domestic product.

For years, Mexico’s Mining Industry has been one of its most solid sources of jobs. Our CEO has been a member of the Mexican Chamber of Mines, CAMIMEX, and we would like to thank them for their long lasting support.

Corporate Structure

As mentioned before, the company is planning on making a substantial reduction on its Authorized Share Count from 1 Billion Common Shares to 650 Million Shares. The number of Outstanding Shares is 370,585,278.

We are sticking to our No Dilution Strategy. Not long ago, the Company requested a Share Position Report which shows that the Company has a total float in the market of 149,167,818 common shares through the Depositary Trust and Clearing Corporation (DTCC).

The company is currently in conversations with various Venture Capital Firms, and will report on progress made.

Logistical and Operations Update

Substantial progress is being made, regarding logistical and operational aspects, to begin its Exploration Program on the El Volcan Property. Our budget does include activities such as Sampling, Mapping, Geophysics and Drilling.

TAMINO MINERALS, INC.
TAMINO MINERALS INC. is exploring for gold deposits within Sonora, a prolific gold producing State. Examples like the Herradura, El Chanate, Mulatos, La India and La Colorada, all these projects in Sonora have economic minable amounts of gold and are located close to some of our projects.

On behalf of the Board,

Pedro Villagran-Garcia, President & CEO

[gitreal]

Anybody want to learn about the 29 known compounds of gold, 16 of which do not dissolve in aqua regia, and 14 of which cannot be detected in a fire assay?

http://www.centaurustechnologiesinc.com/2/wp-content/uploads/2019/06/2APACHE'S%20PROCESSING%20SYSTEMS%20INFORMATION.pdf

It is amazing that only 15% of gold in "gold mineralized structures" is actually in the metallic form. Mining companies should just start over, they've been doing it all wrong.

[russo123]

Hey Gitreal. Hope all is well. haven't spoken to you since uspr. would you mind sending me a PM with your email. I don't do PM's here. I'd like to ask your advice on something.

[1manband]

SMH....That is definitely one the most obviously fraudulent PR's I have ever seen.

I note that it was issued on the I-Hub Newswire which has no wide public distribution, so the regulators, including the SEC, probably have not seen it. Not yet, anyway.

[gitreal]

"Kimberly" dikes in Chloride, Arizona, and diamonds!!! Gold, silver, lead and zinc. Tailings worth $22 billion. Sheez.......

LAS VEGAS, NV -- May 16, 2019 -- InvestorsHub NewsWire -- Centaurus Diamond Technologies, Inc. (the "Company" or "Centaurus") (OTCQB: CTDT) is pleased to announce the completion of a joint venture and strategic land acquisition deal with Apache Mill Tailings USA, Inc. ("Apache") on Apache's 24-acre Johnny Bull Mine in Chloride, AZ, for $10,080,000 in stock and cash.

In exchange for 10 million shares of Centaurus' stock and $80,000 in cash, Apache will conduct operations on Johnny Bull Mine and grant all recovered diamonds, sapphires, emeralds, and gemstones to Centaurus. Apache will also sell all noble metals and rare earth minerals to Centaurus at 20% below spot market price. Additionally, both parties have agreed to share 2% of net revenue from their separate revenue streams that originate from the mining complex.

The Johnny Bull Mine is a 24-acre lot adjacent to the famous gold mining town of Chloride, Arizona and is less than 90 minutes away from Las Vegas. Eight holes were dug in the early 1900's along a Kimberly dyke and are spaced between 200 and 370 feet apart. Operations ceased when the Federal Government banned non-strategic mining during WW2, mining operations have not resumed until now. Due to modern improvements in technology it is now practical to harvest the remaining value from the milled and mined tailings piles.

Apache has hired Sierra Enterprises, LLC to commence operations in late May. Over one million tons of tailings are available for immediate processing, the entire ore deposits are estimated to be worth $22 billion.

In order to verify the mineral wealth, spectroscopic assays were carried out from the same locations that were assayed in the past by William Crutchfield, Jr. for the Santa Fe Railroad in 1980. To our pleasant surprise, all eight locations had hit a rich Kimberly Dyke, due to a local caldera formed as a result of volcanic activity. The most promising pit assay detected 1.6 oz./ton of gold and 14.5 oz./ton of silver, high amounts of lead and zinc, and a very rich gemstone deposit.

CEO Chas Radovich stated, "After reviewing the latest spectroscopy assay data and imagery, as well as the third party assay reports, it made for an easy decision for our Board of Directors in the interest of our shareholders. We have minimized our costs and risks in this venture and stand to profit greatly as we integrate these "Made In America" diamonds and gemstones into our operations for both industrial and jewelry-grade use."

For more information contact Chris Cass at Investor Relations for Centaurus at [e-mail].

SOURCE: Centaurus Diamond Technologies, Inc