Chuckle 🤭

That "highly educated professional geologist" didn't sign off on the PR. That should tell you something.

Internet weirdo?

I trust the highly educated professional geologist in his assessment, much more than any random internet weirdo. I must admit, you are the advanced kind of payed stock bashers. So what is your target price for the current retracement? I want to make sure to buy at the low, before we break out to a new all time high.

Welcome, first-time poster!!!

Did you go through the math yourself? It's not difficult math but maybe the sampling methods and sample prep are confusing you?

Obviously you are smarter than any CEO and *independent* geologist that is involved in the project...clown!
Just tell us who you are working for, who is paying your poor attempts to create unsubstantiated doubt?

From a Nov. 8, 2023 PR by Sydney Resources (SDRC): https://www.otcmarkets.com/stock/SDRC/news/Sidney-Resources-Corporation-Reports-Assay-Results-and-a-Comprehensive-Evaluation-of-Recently-Discovered-Gold-Enriched-S?id=420598

Joel is very much back into the OTC world.....check out HIRU. He and his girlfriend appear to be on a criming spree.........

And I thought STAL was a sordid mess.

Wow....just.....wow....

That's even slimier than the actions of some of the other worst pinkie people.... Slavo.... Ekekija..Donald Jordan.....

Joel Natario can't stop criming. Remember Joel from Mining Global (MNGG)?? Here he is back at work.....maybe earning himself some prison time?

Figured as much.

That stuff about the magical gold recovery system, Genesis.....is without any details. Just that it is fast, super efficient, and "green". Same old bullshit. I have yet to find anything about how it works. Therefore, I have to conclude that it is nonexistent and just another example of a scam mining company touting a scam gold recovery system.

Yes, Robert Garcia and Auric show up on many of the mining scams we have tracked over the years. Over and over. Even on Mexus, he was brought in by PT as an "expert" back in 2017, I believe. https://www.globenewswire.com/news-release/2017/10/16/1145909/0/en/Gold-recovery-expert-Robert-Garcia-joins-Mexus.html

regarding STAL and the "Genesis" process.

I found the Spanish text on their s-1 and ran it through a translator. Doesn't sound as impossible as that genius on the board was making it out to be?



Julio 20, 2023

Richard Carey

Star Alliance International Corp.

2300 West Sahara Avenue

Las Vegas, NV 89102



Hola Richard,



Actualización de la Planta “Proceso Génesis”:



A pedido suyo, les actualizamos los resultados de nuestra prueba Beta de Genesis.

Gracias al apoyo de Grupo Sastre en Guatemala, hemos experimentado exitosamente menas auríferas de óxidos y refractarios con nuestro proceso durante más de más de diez años. Y apegándonos a las nuevas políticas globales ha sido enfocado en que estas nuevas patentes de procesamiento sean ambientalmente amigables.



Genesis son dos procesos uno como pretratamiento de refractarios y otro para lixiviación. Ambos son un sistema de circuito cerrado que no daña el medio ambiente y prácticamente libre de emisiones con una alta tasa de extracción, que extrae metales preciosos en minerales de baja ley como 0,10 partes por millón, en menos de 48 horas.



Durante los últimos nueve meses, hemos probado este equipo, realizando numerosas mejoras en el equipo. Eliminado prácticamente todas las emisiones de la máquina, mejorado el tiempo general del proceso de extracción hasta tan solo doce horas con algunos minerales no arcillosos más el tiempo de carga y descarga. Actualmente estamos aumentando la escala de producción para aumentar significativamente la cantidad de mineral que puede ser procesado diariamente.



Como saben, hemos estado probando el equipo Génesis en la mina de Grupo Sastre en Guatemala. El equipo ha funcionado perfectamente, produciendo aproximadamente 2 gramos de oro por tonelada de mineral procesado. Esta extracción de oro es casi un 35% más eficiente que los resultados obtenidos con el uso del proceso tradicional de lixiviación y esto se logra en menos de 48 horas vs los patios de lixiviación que actualmente se utilizan, lo que supuso una mejora muy significativa respecto al proceso tradicional de lixiviación. Actualmente se está en pláticas para sustituir todo patio de lixiviación por nuestro proceso y finalmente estamos completando los expedientes para la patente que una vez sea presentada, estaremos listos para tener las verificaciones internacionales necesarias.



Estamos seguros de que una vez que se inviertan los fondos, podemos comenzar a fabricar equipos para la entrega a las muchas minas que pueden volver a ser viables usando nuestro equipo. Además, estamos dispuestos a comenzar con la colocación de Genesis en cualquier sitio de colas para extraer los remanentes y limpiarlas en cualquier parte del mundo.



Espero verlos en nuestras instalaciones de Guatemala tan pronto como sea posible.



Juan Lemus



At your request, we update you with the results of our Genesis Beta testing.

Thanks to the support of Grupo Sastre in Guatemala, we have successfully experimented with oxide and refractory gold ores with our process for more than ten years. And adhering to new global policies, we have focused on making these new processing patents environmentally friendly.



Genesis is two processes, one for refractory pretreatment and the other for leaching. Both are an environmentally friendly and virtually emissions-free closed-loop system with a high extraction rate, extracting precious metals in low-grade ores such as 0.10 parts per million, in less than 48 hours.



Over the past nine months, we have tested this equipment, making numerous improvements to the equipment. Eliminated virtually all machine emissions, improved overall extraction process time to as little as twelve hours with some non-clay minerals plus loading and unloading time. We are currently increasing the scale of production to significantly increase the amount of ore that can be processed daily.



As you know, we have been testing the Genesis equipment at Grupo Sastre's mine in Guatemala. The equipment has worked perfectly, producing approximately 2 grams of gold per ton of ore processed. This gold extraction is almost 35% more efficient than the results obtained with the use of the traditional leaching process and this is achieved in less than 48 hours compared to the leaching yards that are currently used, which represented a very significant improvement compared to to the traditional leaching process. Currently we are in talks to replace all leaching yards with our process and we are finally completing the files for the patent that once it is presented, we will be ready to have the necessary international verifications.



We are confident that once the funds are invested, we can begin manufacturing equipment for delivery to the many mines that may become viable again using our equipment. Additionally, we are willing to begin placing Genesis at any tailings site to extract the remnants and clean them anywhere in the world.

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!

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!!!

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.

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

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!!?

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.

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......

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

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 inquiries@bcsc.bc.ca, or by using the online complaint form.

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

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.

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.

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

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

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.

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.

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.

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

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

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.

Hey Gitreal, new innovation in the sector - applied AI

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

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

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....

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.

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

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....

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

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.

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."

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.

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

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.

Agreed.

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

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

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.