Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
NBRI .015 news out today
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
NBRI .015 JV mining news out today
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
Lincold Resources, Inc.
Looks like this may be the right one
- thanks for the great DD
PP
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ZSmvOBJJv2I94KHBooSpVA%253d%253d
Business Entity Information
Status: Active File Date: 6/16/2009 4:55:55 PM
Type: Domestic Corporation Corp Number: E0325752009-4
Qualifying State: NV List of Officers Due: 7/31/2009
Managed By: Expiration Date:
Registered Agent Information
Name: CSC SERVICES OF NEVADA, INC. Address 1: 502 EAST JOHN STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 75,000.00
Par Share Count: 75,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
No active officers found for this company
Actions\Amendments
Click here to view the 1 action or amendment associated with this company
Thanks - here is that file
LINCOLN RESOURCES, INC.
Business Entity Information
Status: Active File Date: 6/16/2009 4:55:55 PM
Type: Domestic Corporation Corp Number: E0325752009-4
Qualifying State: NV List of Officers Due: 7/31/2009
Managed By: Expiration Date:
Registered Agent Information
Name: CSC SERVICES OF NEVADA, INC. Address 1: 502 EAST JOHN STREET
Address 2: City: CARSON CITY
State: NV Zip Code: 89706
Phone: Fax:
Mailing Address 1: Mailing Address 2:
Mailing City: Mailing State: NV
Mailing Zip Code:
Agent Type: Commercial Registered Agent - Corporation
Jurisdiction: NEVADA Status: Active
View all business entities under this registered agent
Financial Information
No Par Share Count: 0 Capital Amount: $ 75,000.00
Par Share Count: 75,000,000.00 Par Share Value: $ 0.001
Officers Include Inactive Officers
No active officers found for this company
Actions\Amendments
Click here to view the 1 action or amendment associated with this company
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=ZSmvOBJJv2I94KHBooSpVA%253d%253d
Lincoln Resources Inc. optioned the property. Lincoln’s twelfth drill hole was the first to intersect the MBX Zone in 1987. Lincoln later reorganized to become United Lincoln Resources Inc., and then amalgamated with Continental Gold Corp in 1989. Drill hole 199 was the first to intersect the Southern Star Zone later that year.
Placer Dome Inc. purchased the property in 1990, did extensive infill and step-out drilling, and completed a Pre-Feasibility Study in 1991. There has been little work done on the property since that time. A1997 geological work program consisted of examination of 25 intervals of varying lengths in 11 separate drill holes in the MBX Zone. Twenty core specimens were collected for polished thin section examination and 26 samples were analyzed. Placer Dome Inc re-visited its in 2004, drilling a dozen HQ bore holes totaling about 2200 metres, in order to provide core for metallurgical testing. Placer Dome plans to complete a full feasibility study on the project in 2005.
SOME OLD DD - Getting closer
1.3 PROJECT HISTORY
Limited exploration activity, on what is now the Project site, was recorded as far back as 1937, however no claims were staked nor any surface exploration activities undertaken during the period 1937-1972. In 1984, prospector Richard Haslinger and BP Resources Canada Limited (BP Resources) re-staked the site; Lincoln Resources Inc. (Lincoln) exercised the right to option the claims in 1986 and completed a diamond drilling program in 1987 that led to the discovery of significant copper-gold mineralization. In the late 1980s, Lincoln reorganized, amalgamated with Continental Gold Corp. (Continental) and continued ongoing drilling in a joint-venture partnership with BP Resources.
In 1991, Placer Dome Inc. (Placer Dome) acquired the Project from the joint-venture partners, resumed exploration drilling and completed a Pre-feasibility Study for the development of a 60,000 t/d open pit mine and flotation process plant. In 1993, Placer Dome applied for and received a Certificate of Development from the Government of British Columbia. The company completed a second Pre-feasibility Study in 1996, but unfavourable metals prices made the Project uneconomic. The Certificate of Development expired in 2003.
3. CLAIMS The Mt. Milligan property is comprised of 18 claims totalling 275 units (Figure 2). The Phil claims are jointly owned by Lincoln Resources Inc. and BP Resources Canada Limited, whereas the Heidi Claims are held under option from Richard Haslinger of Fort St. James. Essential claim data are listed as follows: LINCOLN B/P CLAIMS Claim Phil 1 Phil 8 Phil 9 Phil 10 Phil 11 Phil 12 Phil 21 Phil 22 Phil 23 Phil 24 Phil 25 Phil 26 Phil 28 FR Phil 29 No. of Units 20 20 20 8 8 8 8 18 20 18 18 12 1 20 Record Number 5013 6030 6031 6032 6033 6034 6652 6653 6646 6647 6648 6649 6651 6853 Recording Date Feb. 28, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 March 5, 1985 Expiry Date Feb. 28, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1992 March 5, 1989 199 units
THANKS - MORE DD
UNITED LINCOLN RESOURCES INC.
This may be the same company -
They are also in Canada -
ASSESSMENT REPORT MT. MILLIGAN PROPERTY Omineca Mining Division NTS 93 N/1 Latitude 55'08",Longitude 124' 041W Rebagliati Geological Consulting Ltd. e.C.M. Rebagliati, P.Eng. .- c September 30, 1988
--------------------------------------------------------------------------------
Page 2
TABLE OF CONTENTS PAGE 1. 2. 3 .4. 5 .6. 7. 8 .9. 10. INTRODUCTION LOCATION AND ACCESS CLAIMS PROPERTY GEOLOGY ESKER ZONE GEOLOGY AND MINERALIZATION DIAMOND DRILLING CONCLUSIONS RECOMMENDATIONS STATEMENT OF COSTS STATEMENTS OF QUALIFICATIONS LOCATION MAP CLAIM MAP DRILL HOLE LOCATION MAP 1 1 2 3 3 5 5 5 6 7 LIST OF FIGURES FOLLOWING PAGE APPENDICES APPENDIX I Drill Logs and Certificates of Analyses
--------------------------------------------------------------------------------
Page 3
1.INTRODUCTION In 1988 United Lincoln Resources Inc. undertook a diamond drilling program on their Mt. Milligan property to explore for gold deposits. This report summarizes the project activities and exploration results. Recommendations are made to guide future exploration. 2. LOCATION AND ACCESS The Phil and Heidi claims are located at latitude 55' 08" and longitude 124' 04'W in the Omineca Mining Division. They are approximately 95 km north of Fort St. James and 10 km southeast of the Nation River bridge on the Manson Creek Highway (NTS 93N/1, Figure 1). Access to the property is by a gravel road which extends 10 km beyond the Rainbow Creek Bridge at the end of the Philips North Main Line logging road. Access to the Philips Main Line is gained from Windy Point on Highway 97, approximately 150 km north of Prince George. The claims cover a series of northwest-trending ridges which extend from Mt. Milligan in the north to Rainbow Creek in the south. Local relief is in order of 300 metres with an average elevation of 1200 metres. Drainage from the property is either east to
--------------------------------------------------------------------------------
Page 4
... 0 50 ki lometres scale: I: 1,500,000 - REBAGLlATl GEOLOGICAL CONSULTING LTD UNITED LINCOLN RESOURCES INC. MT. MILLIGAN PROJECT LOCATION MAP FIGURE I NTS 94 N/I SEPTEMBER 1988
--------------------------------------------------------------------------------
Page 5
- 2 -Rainbow Creek or west to Suschona Creek, then north to the Nation River. Vegetation consists of continuous dense growth of pine, fir, spruce, balsam, alder and aspen. The entire property is below treeline.
3. CLAIMS The Mt. Milligan property is comprised of 18 claims totalling 275 units (Figure 2). The Phil claims are jointly owned by Lincoln Resources Inc. and BP Resources Canada Limited, whereas the Heidi Claims are held under option from Richard Haslinger of Fort St. James. Essential claim data are listed as follows: LINCOLN B/P CLAIMS Claim Phil 1 Phil 8 Phil 9 Phil 10 Phil 11 Phil 12 Phil 21 Phil 22 Phil 23 Phil 24 Phil 25 Phil 26 Phil 28 FR Phil 29 No. of Units 20 20 20 8 8 8 8 18 20 18 18 12 1 20 Record Number 5013 6030 6031 6032 6033 6034 6652 6653 6646 6647 6648 6649 6651 6853 Recording Date Feb. 28, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Dec. 29, 1983 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 Sept. 10, 1984 March 5, 1985 Expiry Date Feb. 28, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Dec. 29, 1990 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1989 Sept. 10, 1992 March 5, 1989 199 units
--------------------------------------------------------------------------------
Page 6
-4 Km .* A Mf. Millipan FIGURE 2 NTS 94 N/I SEPT€MBER 1988 0 s HEIDI 3 PHIL 25 b ,-- HEIDI 2 6137 6033 6030 I I I . I --. . PHIL 29 6853 c-- c--- - --- - - - --' MocKimzie *.PHIL 12PHIL 9 6034 6031 .-----* Rtwd ?a I Heidi Lk. I PHIL 24 6280 6651 -l---l I PHIL 22 1 6653 1 E:kz3 1 91.520 26 - MT. MILLIGAN PROJECT CLAIM MAP
--------------------------------------------------------------------------------
Page 7
No. of Claim Units Heidi 1 20 Heidi 2 20 Heidi 3 16 Heidi 4 2 - 3 -HASLINGER OPTION Record Recording Expiry Number Date Date 6136 April 26, 1984 April 26, 1992 6137 April 26, 1984 April 26, 1992 6138 April 26, 1984 April 26, 1990 6280 June 20, 1984 June 20, 1992 76 units Total Units 275 4. PROPERTY GEOLOGY The general claim area is underlain by a thick Upper Triassic volcanic sequence of augite porphyritic flows, breccias and crystal tuffs. Interbedded, thinly laminated, re-worked tuffs, tuffaceous siltstone and argillite comprise a minor sedimentary component. Sedimentary units seldom exceed 5 m in thickness. Limestone and other calcareous units have not been observed. Strike measurements conform to the regional north-northwest trend. Moderate to steep easterly dips prevail; however, steep westerly dips are not uncommon. Numerous dykes intrude the volcanic strata. 5. ESKER ZONE GEOLOGY AND MINERALIZATION The Esker Zone comprises three or more related northeasterly- trendingsemi-massivepyrite-chalcopyrite-quartz-carbonate-sericite bodies hosted by propylitic altered andesitic flows and fragmental units and augite porphyritic units. This volcanic assemblage is typical of the Takla/Nicola Groups in the Quesnel Trough.
--------------------------------------------------------------------------------
Page 8
- 4 -The northeast-trending series of sulphide-rich auriferous bodies appear to occupy three or more closely-spaced, parallel, silicified shear zones. The shears are related to the intrusion of the northeasterly-trending group of diorite-monzodiorite-monzonite dykes. These shears lie within a large irregularly-developed propylitic alteration envelope which has a potassic core centred over a porphyritic monzonitic stock. The propylitic alteration occurs in three forms which are variable in their intensity and distribution. The'most common is a pervasive epidotization of feldspar laths and the fine-grained matrix of the flow and fragmental units. Approximately 1-5% disseminated pyrite accompanies this alteration. Numerous epidote and epidote-pyrite veinlets fill later cross-cutting fractures. In areas of intense alteration epidote-pyrite-calcite-chlorite clots up to 4 cm in diameter are found which totally obliterate rocktextures. All of the propylitic altered rock is geochemically enriched in gold and copper. The semi-massive sulphide mineralization is comprised of granular pyrite and subordinate chalcopyrite in a matrix of quartz, carbonate and sericite. The mineralization resembles replacement type deposits occupying shear-related dilation zones. Some post- depositional movement is indicated by the alignment of sericite along minor internal schistose shears.
--------------------------------------------------------------------------------
Page 9
- 5 -Trenching and diamond drilling have traced the auriferous sulphide zone for 450 m along strike and to a vertical depth of 120 m. The zone is open to the northeast, southwest and to depth. 6. DIAMOND DRILLING During the period August 1 - 3, 1988, United Lincoln Resources Inc. sunk NQ diamond drill hole 88-57 to a depth of 152.80 m on the Phil 9 claim (Figure 3). A zone of quartz-carbonate-pyrite veining from 54.68 m to 55.13 m assayed 0.405 oz/ton gold and 1.58 oz/ton silver. Host rocks are propylitic altered (epidote-pyrite) andesitic augite porphyry fragments typical of the Takla Group. Drill logs and Certificates of Analyses are included in Appendix I. 7. CONCLUSIONS The grade and style of mineralization intersected in hole 88-57 are sufficiently encouraging to justify continued exploration of the mineralized structures. 8.RECOMMENDATIONS Diamond drill the Esker Zone structures at 25 to 50 m intervals along strike and down dip to ascertain their extent and continuity.
--------------------------------------------------------------------------------
Page 10
‘CP DHIL 9 DDH 88-57 - 0 100200400 500 500 mettes LINCOLN RESOURCES INC. MT MlLLlGAN PROJECT DIAMOND DRILL HOLE LOCATIONS SCALE: I :I2000 NTS 93 N/ I FIGURE 3
--------------------------------------------------------------------------------
Page 11
- 6 -9. STATEMENT OF COSTS DIAMOND DRILLING Quest Canada Drilling Ltd. August 1-3, 1988 501.2 ft (152.8m) @ $22.75/ft 11,402.00
--------------------------------------------------------------------------------
Page 12
- 7 -STATEMENT OF OUALIFICATIONS I, Clarence Mark Rebagliati, of 3536 West 15th Avenue, Vancouver, B.C., hereby certify that: 1. 2. 3. 4. 5. 6. I am a consulting Geologist Engineer with offices at 3536 West 15th Avenue, Vancouver, B.C. I am a graduate of the Provincial Institute of Mining, Haileybury, Ontario (Mining Technology, 1966). I am a graduate of the Michigan Technological University, Houghton, Michigan, U.S.A. (B.Sc., Geological Engineering, 1969). I have practised my profession continuously since graduation. I am a member in good standing of the Association of Professional Engineers of British Columbia. The foregoing report is based on: a. b. A study of all available company and government reports. My personal knowledge of the general area resulting from regional studies, compilations, the supervision of property work carried out during the period May 1983 to August, 1988. September 30, 1988
--------------------------------------------------------------------------------
Page 13
- 8 -STATEMENT OF OUALIFICATIONS I, Robert M. Cann, of 1260 Silverwood Crescent, North Vancouver, B.C. do hereby certify that: 1. I am a Geologist with offices at 1260 Silverwood Crescent, North Vancouver, B.C. 2. I am a graduate of the University of British Columbia with the following degrees: Bachelor of Science (Honours) Geology, 1976 Master of Science in Geology, 1979. 3 .I have practised my profession continuously since graduation. I am a fellow in good standing of the Geological Association of Canada. Robert M. Cann September 30, 1988
--------------------------------------------------------------------------------
Page 14
APPENDIX I DRILL LOGS AND CERTIFICATES OF ANALYSES
--------------------------------------------------------------------------------
Page 15
1 DIAMOND DRILL LOG r, I I LOGGED ev 5 h Ch-. / s z mI I 47' LATITUDE * SECTION : ELEVATION : DIP ' u
--------------------------------------------------------------------------------
Page 16
3 c") FOOTAGE 7
--------------------------------------------------------------------------------
Page 17
1 FOOTAGE 7 * DESCRIPTION I SAMPLE NO. FROM I TO WIDTH
--------------------------------------------------------------------------------
Page 18
--------------------------------------------------------------------------------
Page 19
ACME ANALYTICAL LABORATORIES LTD. DATE RECEIVED: AUG 12 1988 852 E. HASTINGS ST. VANCOUVER B.C. V6A lR6 PHONE(604)253-3158 FAX(604)253-1716 DATE REPORT MAILED: GEOCHEMICAL ANALYSIS CERTIFICATE r P- SAHPLE TYPE: Core AU* ANALYSIS BY ACID LKACB/AA 7ROH I0 GH SAHPLK. ASSAYER: . &. : !%T. D . TOYE OR C . LEONG, CERTIFIED B . C. ASSAYERS UNITED LINCOLN RESOURCES LTD. PROJECT MT. MILLIGAV FILE + 88-3543 SAMPLES AU* PPb C 54324 c 54325 C 54326 C 54327 C 54328 C 54329 c 54330 C 54331 C 54332 c 54333 c 54334 c 54335 C 54336 56 775 63 51 74 59 255 9230 58 1 2 1145 895 260 .- . J
--------------------------------------------------------------------------------
Page 20
I ACHE 'YTICAL LABORATORIES LTD. 852 E. HASTINGS ST. VANC 4R B.C. V6A 1R6 PHONE(604)253-3158 FAX(604)253- ; CEOCHEMICAL/ASSkY C E R T XFICATE ICP - ,500 GRAK SAMPLl IS DICSSTSD UITH 3KL 3-1-2 HCL-HNO3-HZC AT 95 D1C.C I01 OWE HOUR AND IS DILUTSD TO 10 HL YITH YAT6R. THIS LIACl IS PARTIAL ?OR 1111 11 911 CA P LA CR llG BA TI I W AND LlMITlD FOR MA I( AllD AL. AU DI(TICTI0N LINlT 81 IC? IS 3 PPll, - SAKPLS TTPI: llJSCT AC" i AUl-100 MkSH) BT flRt ASSAT FRO! 1 A.T. , /" 3 DATE RECEIVED: LUG 30 1911 DATE REPORT HAILED: %l:d 2 jASSAYER.. (r . . . '*'T. . . .D.TOYE OR C.LEONG, CERTIFIED B.C. ASSAYERS UNITED LINCOLN RESOURCES LTD. PROJECT MT. MILLIGAN F i l e # 88-3543R SAnPlEl no Cu Pb Zn A9 11Co Kn ?t A6 U Au Th Sr Cd Sb 81 V Ca P Lr Cr Kg Ba Ti P A1 Ha C Y Cu Ag** SAHPt.1 AU-160 NATlV1 ):'t.. PPH PPK PPM PPH PPK PPH PPK PPK \ PPK PPK PPH PPK PPll PPK PPK PPH PPK \ \ PPK PPK \ PPK \ PPK \ 1 \ PPK \ OZ/T UT CK OZl? AU MG 01': d&SAY REOUIREO FOR COFIl7EC-i nESULT - . I RECEIVED I 'k;;;ud:.-L-I\ns'tl '. ... . . . , . . . , . . ...... ...
Welcome - love these mining stocks
GLA
PP
ALMI 2009 Annual Meeting of Shareholders for October 27, 2009.
THANKS
PP
NBRI - News
NBRI - nice news out today
NBRI JV NEWS out
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
SKIPPACK, PA, Aug 06, 2009 (MARKETWIRE via COMTEX News Network) --
North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Letter of Intent with Lincoln Resources Inc. ("Lincoln") to enter into a joint-venture for the development of North Bay's Coronation Gold Property. Terms of the agreement will be announced once a formal contract has been executed.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Perry Leopold CEO North Bay Resources Inc. 215-661-1100 http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
http://www.northbayresources.com
Copyright 2009 Marketwire, Inc., All rights reserved.
NBRI - nice news out today
NBRI JV NEWS out
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
SKIPPACK, PA, Aug 06, 2009 (MARKETWIRE via COMTEX News Network) --
North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Letter of Intent with Lincoln Resources Inc. ("Lincoln") to enter into a joint-venture for the development of North Bay's Coronation Gold Property. Terms of the agreement will be announced once a formal contract has been executed.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Perry Leopold CEO North Bay Resources Inc. 215-661-1100 http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
http://www.northbayresources.com
Copyright 2009 Marketwire, Inc., All rights reserved.
NBRI mining news out today
NBRI JV NEWS out
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
SKIPPACK, PA, Aug 06, 2009 (MARKETWIRE via COMTEX News Network) --
North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Letter of Intent with Lincoln Resources Inc. ("Lincoln") to enter into a joint-venture for the development of North Bay's Coronation Gold Property. Terms of the agreement will be announced once a formal contract has been executed.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Perry Leopold CEO North Bay Resources Inc. 215-661-1100 http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
http://www.northbayresources.com
Copyright 2009 Marketwire, Inc., All rights reserved.
NBRI news Lincoln Resources JV
NBRI JV NEWS out
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
SKIPPACK, PA, Aug 06, 2009 (MARKETWIRE via COMTEX News Network) --
North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Letter of Intent with Lincoln Resources Inc. ("Lincoln") to enter into a joint-venture for the development of North Bay's Coronation Gold Property. Terms of the agreement will be announced once a formal contract has been executed.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Perry Leopold CEO North Bay Resources Inc. 215-661-1100 http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
http://www.northbayresources.com
Copyright 2009 Marketwire, Inc., All rights reserved.
NBRI JV NEWS out
North Bay Resources Inc. (NBRI) Agrees to Coronation Gold Joint-Venture
SKIPPACK, PA, Aug 06, 2009 (MARKETWIRE via COMTEX News Network) --
North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has signed a Letter of Intent with Lincoln Resources Inc. ("Lincoln") to enter into a joint-venture for the development of North Bay's Coronation Gold Property. Terms of the agreement will be announced once a formal contract has been executed.
Coronation Gold is located near Memphis Creek, 6 kilometres northeast of Slocan in southeastern British Columbia. The property covers 309 acres over several reverted crown grants and includes four other past-producing mines; the Colorado (MINFILE 082FNW161), the V&M (MINFILE 082FNW191), the Senator (MINFILE 082FNW164), and the Homestake (MINFILE 082FNW213), in addition to the Coronation (MINFILE 082FNW162). Primary mineralization is gold, silver, zinc, and lead. The highest combined historical (post-production) assays are 16.8 grams (0.54 ounces) per tonne gold, 6000 grams (192 ounces) per tonne silver, 10.9% zinc, and 1.2% lead.
According to BC Assessment Report 18603, the Coronation was reported to have past-production of as much as 13,000 grams (418 ounces) per tonne silver and 20% lead. A more recent sample of tetrahedrite-bearing ore from the portal assayed 2.1 grams per tonne gold and 6000 grams (192 ounces) per tonne silver, and a sample from the Coronation dump assayed 0.4 gram per tonne gold, 2414 grams (77.6 ounces) per tonne silver, 1.2% lead and 10.9% zinc. The same report documents samples from the Senator adit that assayed 6.1 grams per tonne gold and 1080 grams (34.7 ounces) per tonne silver over 0.3 metres on a quartz-pyrite vein, and 16.8 grams (0.54 ounces) per tonne gold and 549 grams (17.65 ounces) per tonne silver over 0.5 metres on a quartz-pyrite vein from the V&M mine adit. Past-production at the Homestake averaged 23.3 grams (0.75 ounces) per tonne gold, 2611 grams (83.95 ounces) per tonne silver, 1.33% lead and 1.52% zinc.
About North Bay Resources Inc.
North Bay Resources Inc. (PINKSHEETS: NBRI) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although North Bay Resources Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by North Bay Resources Inc. or any other person that the objective and plans of North Bay Resources Inc. will be achieved.
Contact: Perry Leopold CEO North Bay Resources Inc. 215-661-1100 http://www.northbayresources.com
SOURCE: North Bay Resources Inc.
http://www.northbayresources.com
Copyright 2009 Marketwire, Inc., All rights reserved.
Call ? The Transfer Agent
Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008
info@capitaltransferagency.com
ASK Then what is the last date the share count was updated
and what are the numbers?
For Sarissa Resources, Inc. (SRSR)
Still ?
Outstanding Shares: 746,327,277
Restricted Shares: 270,241,219
TRTN catalyst + Plan of Operations
20-May-2009
Sounds - promising
- Thanks - just had to read the 10Q
http://finance.yahoo.com/news/310-Holdings-Inc-Files-Patent-pz-2150333646.html?x=0&.v=1
Form 10-Q for 310 HOLDINGS, INC
310 Holdings, Inc. was incorporated in the State of Nevada on April 20, 2006. We are a startup company and have not yet realized any significant, consistent revenues. Our efforts, to date, have focused primarily on the development and implementation of our business plan.
Management has started to commence operations with Plastic2Oil, a process and service that extracts fuel from plastic.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 24, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. Our revised objective is to develop new technologies and to acquire assets.
Management is transitioning our company to become a global technology leader whose purpose is to mine data from Bordynuik's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil.
Mr. Bordynuik designed hardware and software to recover planetary and sensor data from old magnetic media for various government and institutional archives for more than 20 years, amassing what is believed by management to be the world's largest solution and algorithm archive. We have access to terabytes of this normalized earth sensor data (heat budget, solar radiation, gravitational, magnetic, and vibration information), algorithms, massive research archive, and other related information.
While mining through the research archive, John Bordynuik found the solution, catalyst and process to a break down plastics to liquid hydrocarbons. Mr. Bordynuik had explored Plastic to Oil conversion when employed at the Ontario, Canada legislature but there was no research available at that time to make the conversion commercially viable. This recently mined research was conducted when plastic was not as widespread as today and oil prices were very low. It appears to our management that the research was conducted for non-commercial purposes and it had no commercial value at the time.
Our research has revealed that this process and catalyst is not presently commercialized. By integrating this technology into a large batch processor we believe, but cannot guarantee, that we can accomplish the following:
? Approximately one liter of fuel is extracted for every pound of plastic.
? Some fuel byproduct provides the energy necessary to fuel the process thereby eliminating energy costs.
? Due to our catalyst and a highly optimized process, fuel can be extracted in four hours from a large source of raw unwashed, mixed plastics.
? The process will be highly automated.
? Raw materials cost approximately $0.10/lbs which produce approximately one liter of fuel.
? There is no residue.
Our management believes that this technology has significant advantages over biodiesel operations due to their high operating costs, the high costs of raw materials, and the high energy requirements by their processes.
Alan Barnett, our Head Chemist, will oversee the optimization and deployment of our first volume Plastic2Oil processor anticipated in July, 2009.
OK - its on in the 10Q - THANKS
TRTN.OB > SEC Filings for TRTN.OB > Form 10-Q on 20-May-2009 All Recent SEC Filings
Show all filings for 310 HOLDINGS, INC. | Request a Trial to NEW EDGAR Online Pro
Form 10-Q for 310 HOLDINGS, INC.
--------------------------------------------------------------------------------
20-May-2009
Quarterly Report
ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
Management's Discussion and Analysis contains various "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding future events or the future financial performance of the Company that involve risks and uncertainties. Certain statements included in this Form 10-Q, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Any forward-looking statements herein are subject to certain risks and uncertainties in the Company's business, including but not limited to, reliance on key customers and competition in its markets, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties of hiring or retaining key personnel and any changes in current accounting rules, all of which may be beyond the control of the Company. The Company adopted at management's discretion, the most conservative recognition of revenue based on the most astringent guidelines of the SEC in terms of recognition of revenue. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein.
In addition, the foregoing factors may affect generally our business, results of operations and financial position. Forward-looking statements speak only as of the date the statement was made. We do not undertake and specifically decline any obligation to update any forward-looking statements.
Plan of Operations
310 Holdings, Inc. was incorporated in the State of Nevada on April 20, 2006. We are a startup company and have not yet realized any significant, consistent revenues. Our efforts, to date, have focused primarily on the development and implementation of our business plan.
Management has started to commence operations with Plastic2Oil, a process and service that extracts fuel from plastic.
John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 24, 2009. Subsequently, John Bordynuik was appointed President and CEO of the Company. Our revised objective is to develop new technologies and to acquire assets.
Management is transitioning our company to become a global technology leader whose purpose is to mine data from Bordynuik's large information archive, find under-productive entities to inject our superior proprietary technologies into, and benefit from increased productivity and profitability, beginning with Plastic2Oil.
Mr. Bordynuik designed hardware and software to recover planetary and sensor data from old magnetic media for various government and institutional archives for more than 20 years, amassing what is believed by management to be the world's largest solution and algorithm archive. We have access to terabytes of this normalized earth sensor data (heat budget, solar radiation, gravitational, magnetic, and vibration information), algorithms, massive research archive, and other related information.
While mining through the research archive, John Bordynuik found the solution, catalyst and process to a break down plastics to liquid hydrocarbons. Mr. Bordynuik had explored Plastic to Oil conversion when employed at the Ontario, Canada legislature but there was no research available at that time to make the conversion commercially viable. This recently mined research was conducted when plastic was not as widespread as today and oil prices were very low. It appears to our management that the research was conducted for non-commercial purposes and it had no commercial value at the time.
Our research has revealed that this process and catalyst is not presently commercialized. By integrating this technology into a large batch processor we believe, but cannot guarantee, that we can accomplish the following:
? Approximately one liter of fuel is extracted for every pound of plastic.
? Some fuel byproduct provides the energy necessary to fuel the process thereby eliminating energy costs.
? Due to our catalyst and a highly optimized process, fuel can be extracted in four hours from a large source of raw unwashed, mixed plastics.
? The process will be highly automated.
? Raw materials cost approximately $0.10/lbs which produce approximately one liter of fuel.
? There is no residue.
Our management believes that this technology has significant advantages over biodiesel operations due to their high operating costs, the high costs of raw materials, and the high energy requirements by their processes.
Alan Barnett, our Head Chemist, will oversee the optimization and deployment of our first volume Plastic2Oil processor anticipated in July, 2009.
For the three months ended March 31, 2009, we did not generate any revenues, and incurred a net loss of $4,056 compared with no net revenues and a net loss of $5,564 for the three months ended March 31, 2008. The cumulative net loss was attributable solely to general and administrative expenses related to the costs of operations.
Generating sales in the next 12 months is imperative for us to continue as a going concern. We believe that we will be required to generate a minimum of approximately $2,000,000 in revenues over the next 12 months in order for us to support ongoing operations. If we do not generate sufficient revenues to meet our expenses over the next 12 months, we may need to raise additional capital by issuing capital stock in exchange for cash in order to continue as a going concern. There are no formal or informal agreements to attain such financing. We can not assure you that any financing can be obtained or, if obtained, that it will be on reasonable terms. Without realization of additional capital, it would be unlikely for us to continue as a going concern.
Since our incorporation, we have raised a total of $105,500 through private sales of our common equity. Additionally, a shareholder (a prior Officer and Director) advanced $141,600 to us. In May 2006, we issued 5,750,000 shares of our common stock to Nicole Wright, an officer and director, in exchange for cash in the amount of $20,000 and on March 2, 2006 we issued 350,000 shares of our common stock to Nevada Business Development Corporation for services in the amount of $350. Additionally, in August and September 2006, we sold an aggregate of 3,000,000 shares of our common stock to 26 unrelated third parties for cash proceeds of $90,000. John Bordynuik, our appointed President and CEO, has advanced our company $50,000 since April 24, 2009.
--------------------------------------------------------------------------------
Table of Contents
Off-Balance Sheet Arrangements
We do not have any off-balance sheet arrangements.
Critical Accounting Policies
We prepare our financial statements in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Our management periodically evaluates the estimates and judgments made. Management bases its estimates and judgments on historical experience and on various factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates as a result of different assumptions or conditions.
Stock Based Compensation
In December 2004, the FASB issued a revision of SFAS No. 123 ("SFAS No. 123(R)") that requires compensation costs related to share-based payment transactions to be recognized in the statement of operations. With limited exceptions, the amount of compensation cost will be measured based on the grant-date fair value of the equity or liability instruments issued. In addition, liability awards will be re-measured each reporting period. Compensation cost will be recognized over the period that an employee provides service in exchange for the award. SFAS No. 123(R) replaces SFAS No. 123 and is effective as of the beginning of January 1, 2006. Based on the number of shares and awards outstanding as of December 31, 2005 (and without giving effect to any awards which may be granted in 2006), we do not expect our adoption of SFAS No. 123(R) in January 2006 to have a material impact on the financial statements.
FSP FAS 123(R)-5 was issued on October 10, 2006. The FSP provides that instruments that were originally issued as employee compensation and then modified, and that modification is made to the terms of the instrument solely to reflect an equity restructuring that occurs when the holders are no longer employees, then no change in the recognition or the measurement (due to a change in classification) of those instruments will result if both of the following conditions are met: (a). There is no increase in fair value of the award (or the ratio of intrinsic value to the exercise price of the award is preserved, that is, the holder is made whole), or the antidilution provision is not added to the terms of the award in contemplation of an equity restructuring; and (b). All holders of the same class of equity instruments (for example, stock options) are treated in the same manner. The provisions in this FSP shall be applied in the first reporting period beginning after the date the FSP is posted to the FASB website. The Company has adopted SP FAS 123(R)-5 but it did not have a material impact on its consolidated results of operations and financial condition.
Accounting Policies and Estimates
The preparation of our financial statements in conformity with accounting principles generally accepted in the United States of America requires our management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Our management periodically evaluates the estimates and judgments made. Management bases its estimates and judgments on historical experience and on various factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates as a result of different assumptions or conditions. As such, in accordance with the use of accounting principles generally accepted in the United States of America, our actual realized results may differ from management's initial estimates as reported. A summary of significant accounting policies are detailed in notes to the financial statements which are an integral component of this filing.
WHERE YOU CAN FIND MORE INFORMATION
You are advised to read this Form 10-Q in conjunction with other reports and documents that we file from time to time with the SEC. In particular, please read our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K that we file from time to time. You may obtain copies of these reports directly from us or from the SEC at the SEC's Public Reference Room at 100 F. Street, N.E. Washington, D.C. 20549, and you may obtain information about obtaining access to the Reference Room by calling the SEC at 1-800-SEC-0330. In addition, the SEC maintains information for electronic filers at its website http://www.sec.gov.
guz - here is the Blest youtube video
That you claim TRTN is using
Its in JAPENESSE LOL
guzaling - THANKS
I did not realized that
Great Concept - Plastic to Oil
Are there any byproducts - waste to get rid of in his process?
- SOME DD on the competition
Japanese company Blest has developed a new machine that solves two problems, one is recycling plastic to reduce carbon emissions and second is solving the oil problem.
The machine dubbed Blester recycles plastic waste into valuable oil. The batch type machine can recycle polypropylene, polyethylene and polystyrene into oil which is used as an alternate fuel for alcohol lamps, boilers and power generators.
Recycling plastic can not only provide us fuel but also reduces carbon emissions by 87%. The two main Blester products are Blester L and Blester S. Blester S is mainly used in schools to recycle the plastic waste accumulated at lunchtimes. This product serves as an educational tool for adults and also teaches children about the ill-effects of littering plastic. This also instills in people the importance of conserving the natural resources.
Via: Diginfo
http://www.ecofriend.org/entry/blester-a-machine-that-converts-plastic-into-oil/
------------------------------------------------------------
Polymer Energy
The Polymer Energy™ system is an award-winning, innovative, proprietary process to convert waste plastics into renewable energy.
Plastics play a very important role in our daily lives. Throughout the world the demand for plastic, particularly plastic packaging, continues to rapidly grow. Previous waste management methods such as landfill disposal, incineration, and recycling have failed to provide opportunities for the complete reuse of plastic waste.
The Polymer Energy™ system uses a process called catalytic pyrolysis to efficiently convert plastics to crude oil. The system provides an integrated plastic waste processing system which offers an alternative to landfill disposal, incineration, and recycling—while also being a viable, economical, and environmentally-responsible waste management solution.
http://www.polymerenergy.com/
---------------------------------------------------------
Giant microwave turns plastic back to oil
17:44 26 June 2007 by Catherine Brahic
For similar stories, visit the Energy and Fuels Topic Guide
A US company is taking plastics recycling to another level - turning them back into the oil they were made from, and gas.
All that is needed, claims Global Resource Corporation (GRC), is a finely tuned microwave and - hey presto! - a mix of materials that were made from oil can be reduced back to oil and combustible gas (and a few leftovers).
Key to GRC's process is a machine that uses 1200 different frequencies within the microwave range, which act on specific hydrocarbon materials. As the material is zapped at the appropriate wavelength, part of the hydrocarbons that make up the plastic and rubber in the material are broken down into diesel oil and combustible gas.
GRC's machine is called the Hawk-10. Its smaller incarnations look just like an industrial microwave with bits of machinery attached to it. Larger versions resemble a concrete mixer.
"Anything that has a hydrocarbon base will be affected by our process," says Jerry Meddick, director of business development at GRC, based in New Jersey. "We release those hydrocarbon molecules from the material and it then becomes gas and oil."
Whatever does not have a hydrocarbon base is left behind, minus any water it contained as this gets evaporated in the microwave.
http://www.newscientist.com/article/dn12141-giant-microwave-turns-plastic-back-to-oil.html
-----------------------------------------------------------
Plastic to oil fantastic April 14, 2009
- SOME DD on the competition
SRSR Outstanding Shares Count here ?
What is the most recent update to the O.S. here?
Thanks
PP
THIS IS OLD
The current share structure as of March 2009:
Authorized Shares: 850,000,000
Outstanding Shares: 746,327,277
Restricted Shares: 270,241,219
Transfer Agent
Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008
info@capitaltransferagency.com
After Hour T Trades - still going on here?
thanks
PP
Outstanding Shares: 746,327,277 as of March 2009:
According to the ibox info
SRSR Share Structure
The current share structure as of March 2009:
Authorized Shares: 850,000,000
Outstanding Shares: 746,327,277
Restricted Shares: 270,241,219
Transfer Agent
Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008
info@capitaltransferagency.com
NBRI 0.0195 +(77.27%)
Nice green day
Someone is painting this down
$Million Dollar + in trading today
More than one seller - IMO
Tomorrow is also Friday.
GLA
PP
NRBI Golden Cross - possible
Thanks for the info
Golden Cross
What Does Golden Cross Mean?
A crossover involving a security's short-term moving average (such as 15-day moving average) breaking above its long-term moving average (such as 50-day moving average) or resistance level.
Investopedia explains Golden Cross
As long-term indicators carry more weight, the Golden Cross indicates a bull market on the horizon and is reinforced by high trading volumes. Additionally, the long-term moving average becomes the new support level in the rising market.
Technicians might see this cross as a sign that the market has turned in favor of the stock.
NBRI golden cross = GOOD ?
"That is when the 50MA crosses the 200MA"
Explain why this will be good ?
thanks
PP
gforthebet - thanks
I have my reading cut out for me lol
GLA
PP
Anyone DD Niobium ?
Anyone have an updated GEO Report on NIOBIUM ?
Estimated world reserves of niobium in 2006 were more than 73 times the current rate of world consumption (about 60000 metric tons of niobium per year).
Mineral resource of the month: Niobium (Columbium)
U.S. Geological Survey mineral commodity specialist John F. Papp compiled the following information on niobium (also called columbium) for which coltan (short for columbite-tantalite) is an important mineral source.
It’s not just diamonds associated with conflict in Africa. Coltan, short for columbite-tantalite (a blend of niobium — also called columbium — and tantalum minerals), is linked with the recent conflicts in the Congo that involved several African countries. The metallic ore, which is processed to separate out niobium and the very valuable tantalum (see Geotimes, August 2004), is believed to be smuggled out and sold to help finance the armed conflicts.
Niobium is also valuable, especially in industrialized countries. A transition metal with a very high melting point, niobium is used mostly to make stainless steel and high-strength, low alloy steels. Such steels are used in large-diameter pipelines for oil and natural gas, in frames and wheels of cars and trucks and as microalloyed steel in structural applications. Niobium is also vital as an alloying element in superalloys for aircraft turbine engines, is used in pacemakers and other medical devices and can act as a superconductor when lowered to cryogenic temperatures. It is critical to the United States because of its defense-related uses in the aerospace, energy and transportation industries.
Fortunately, there is plenty of it. Estimated world reserves of niobium in 2006 were more than 73 times the current rate of world consumption (about 60,000 metric tons of niobium per year). Most niobium resources occur as pyrochlore in carbonatite deposits in Brazil and Canada. Brazil is the world’s major niobium-ore-producing country, accounting for 93 percent of world production in 2006. Together, Brazil and Canada accounted for more than 99 percent of world production that year.
The United States has not produced niobium since 1959, as deposits are low-grade and economically unrecoverable. The United States imports 100 percent of its niobium because, although some niobium is recycled as part of the incorporation of steel and superalloy scrap in the alloy production process, no alloys are recycled for their niobium content. Quantities of niobium reused in alloys are not known, but may be as high as 20 percent of apparent consumption.
About 80 percent of reported domestic niobium consumption is in steel. Niobium-containing microalloyed steels are used in automobiles, bridges, buildings and oil and gas pipelines in applications where a high strength-to-weight ratio is an important engineering consideration. Niobium-containing high-strength, low-alloy steels permit designers to reduce weight and fabrication costs. Niobium is used in cobalt-, iron- and nickel-based superalloys for jet-engine components, rocket subassemblies and combustion equipment in applications where strength at high temperature is an important engineering consideration.
In nature, the element niobium is closely associated with tantalum in carbonatite rocks, where it is almost always found as an oxide. Pyrochlore and bariopyrochlore are the primary ore minerals for niobium. They are commonly found in the interior parts of alkaline igneous complexes, frequently associated with minerals containing thorium, titanium, uranium and rare-earth elements. Columbite is also a mineral source for niobium. It occurs mostly as an accessory mineral disseminated in granitic rocks or in pegmatites associated with granites. In most cases, economic mineral concentrations have been produced by weathering of pegmatites and the formation of residual or placer deposits.
For more information about niobium, visit minerals.usgs.gov/minerals.
Links:
"Mineral Resource of the Month: Tantalum," Geotimes, August 2004
http://www.geotimes.org/dec07/article.html?id=nn_niobium.html
Back to top
MORE RECENT
http://minerals.usgs.gov/minerals/pubs/commodity/niobium/mcs-2009-niobi.pdf
112
NIOBIUM (COLUMBIUM)
(Data in metric tons of niobium content unless otherwise noted)
Domestic Production and Use: Significant U.S. niobium mine production has not been reported since 1959. Domestic niobium resources are of low grade, some are mineralogically complex, and most are not commercially recoverable. Companies in the United States produced ferroniobium and niobium compounds, metal, and other alloys from imported niobium minerals, oxides, and ferroniobium. Niobium was consumed mostly in the form of ferroniobium by the steel industry and as niobium alloys and metal by the aerospace industry. Major end-use distribution of reported niobium consumption was as follows: steels, 78%; and superalloys, 22%. In 2007, the estimated value of niobium consumption was $229 million and was expected to be about $370 million in 2008, as measured by the value of imports.
Salient Statistics—United States: 2004 2005 2006 2007 2008e
Production:
Mine — — — — —
Recycling NA NA NA NA NA
Imports for consumptione, 1 6,910 7,610 10,500 10,120 10,500
Exportse, 1 276 337 561 1,100 600
Government stockpile releasese, 2 90 152 156 — 10
Consumption:e
Apparent 6,730 7,430 10,100 9,020 9,910
Reported3 4,220 4, 600 5,050 6,510 6,500
Price, ferroniobium, dollars per pound4 6.57 6.58 NA NA NA
Unit value, ferroniobium, dollars per metric ton5 13,355 13,197 14,022 21,918 14,000
Net import reliance6 as a percentage of
apparent consumption 100 100 100 100 100
Recycling: Niobium was recycled when niobium-bearing steels and superalloys were recycled; scrap recovery specifically for niobium content was negligible. The amount of niobium recycled is not available, but it may be as much as 20% of apparent consumption.
Import Sources (2004-07): Niobium contained in niobium and tantalum ore and concentrate; ferroniobium; and niobium metal and oxide: Brazil, 82%; Canada, 9%; Estonia, 2%; and other, 7%.
Tariff: Item Number Normal Trade Relations
12-31-08
Synthetic tantalum-niobium concentrates 2615.90.3000 Free.
Niobium ores and concentrates 2615.90.6030 Free.
Niobium oxide 2825.90.1500 3.7% ad val.
Ferroniobium:
Less than 0.02% of P or S,
or less than 0.4% of Si 7202.93.4000 5.0% ad val.
Other 7202.93.8000 5.0% ad val.
Niobium, unwrought:
Waste and scrap7 8112.92.0600 Free.
Alloys, metal, powders 8112.92.4000 4.9% ad val.
Niobium, other7 8112.99.9000 4.0% ad val.
Depletion Allowance:8 22% (Domestic), 14% (Foreign).
Government Stockpile: For fiscal year (FY) 2008 (October 1, 2007, through September 30, 2008), the Defense National Stockpile Center (DNSC), Defense Logistics Agency, disposed of no niobium materials. The DNSC’s niobium mineral concentrate inventory was exhausted in FY 2007; niobium carbide powder, in FY 2002; and ferroniobium, in FY 2001. The DNSC announced maximum disposal limits for FY 2009 of about 9 tons9 of niobium metal ingots.
Stockpile Status—9-30-088
Uncommitted Authorized Disposal plan Disposals
Material inventory for disposal FY 2008 FY 2008
Niobium metal 10.1 10.1 99 —
Prepared by John F. Papp [(703) 648-4963, jpapp@usgs.gov, fax: (703) 648-7757]
113
NIOBIUM (COLUMBIUM)
Events, Trends, and Issues: Niobium was imported principally in the form of ferroniobium and niobium unwrought metal, alloy, and powder. Niobium import dependence was expected to be the same as it was in 2007 when Brazil was the leading supplier of niobium. By weight, Brazil supplied 87% of niobium comprising 91% of ferroniobium, 87% of niobium metal, and 63% of niobium oxide. The leading suppliers of niobium in ore and concentrate were Australia (73%) and Canada (22%). Niobium apparent consumption is believed to have increased in 2008 compared with that of 2007. Capital market problems and the subsequent economic slowdown were expected to result in reduced niobium material consumption, price, and production.
World Mine Production, Reserves, and Reserve Base:
Mine production Reserves10 Reserve base10
2007 2008e
United States — — — NA
Australia NA NA 21,000 320,000
Brazil 57,300 57,000 2,600,000 2,600,000
Canada 3,020 3,000 62,000 92,000
Other countries 119 150 NA NA
World total (rounded) 60,400 60,000 2,700,000 3,000,000
World Resources: World resources are more than adequate to supply projected needs. Most of the world’s identified resources of niobium occur mainly as pyrochlore in carbonatite [igneous rocks that contain more than 50% by volume carbonate (CO3) minerals] deposits and are outside the United States. The United States has approximately 150,000 tons of niobium resources in identified deposits, all of which were considered uneconomic at 2008 prices for niobium.
Substitutes: The following materials can be substituted for niobium, but a performance or cost penalty may ensue: molybdenum and vanadium, as alloying elements in high-strength low-alloy steels; tantalum and titanium, as alloying elements in stainless and high-strength steels; and ceramics, molybdenum, tantalum, and tungsten in high-temperature applications.
eEstimated. NA Not available. — Zero.
1Imports and exports include the estimated niobium content of niobium and tantalum ores and concentrates, niobium oxide, ferroniobium, niobium unwrought alloys, metal, and powder.
2Government stockpile releases are the uncommitted inventory change as reported by the Defense National Stockpile Center.
3Includes ferroniobium and nickel niobium.
4Price is time-weighted (by week) average of trade journal reported ferroniobium price per pound of contained niobium, standard (steelmaking) grade. Ferroniobium price was discontinued in 2005; columbite price was discontinued in 2000; and pyrochlore price was discontinued in 1993.
5Unit value is mass-weighted average U.S. import value of ferroniobium assuming 65% niobium content. To convert dollars per metric ton to dollars per pound, divide by 2,205.
6Defined as imports – exports + adjustments for Government and industry stock changes.
7This category includes other than niobium-containing material.
8See Appendix B for definitions.
9Actual quantity limited to remaining sales authority; additional legislative authority is required.
10See Appendix C for definitions.
U.S. Geological Survey, Mineral Commodity Summaries, January 2009
SRSR Current Share Count
Anyone call the TA ?
Looking into this stock
Thanks
PP
SRSR Share Structure Ibox is listed as of
March 2009
SRSR
The current share structure as of March 2009?
Authorized Shares: 850,000,000
Outstanding Shares: 746,327,277
Restricted Shares: 270,241,219
TA is listed below ?
Transfer Agent
Capital Transfer Agency
390 Bay Street,Suite 2020
Toronto, ON M5H 2Y2
Tel: 416-350-5007
Fax: 416-350-5008
info@capitaltransferagency.com
World Tantalum, Niobium and Rare Earth Element Mining
http://www.mbendi.com/indy/ming/othr/p0005.htm
Companies and Organisations linked to World Tantalum, Niobium and Rare Earth Element Mining (96)
http://www.mbendi.com/indy/ming/othr/p0005.htm
Projects linked to World Tantalum, Niobium and Rare Earth Element Mining (1)
Mooiplats platinum project
Companies and Organisations linked to World Tantalum, Niobium and Rare Earth Element Mining (96)
Premium Entry Upgraded Entry Updated Entry Basic Entry
Gippsland Limited
Angus & Ross Plc
Anvil Mining Limited
Avalon Rare Metals Inc.
Aztec Resources
Co-op Investors & Contractors Ltd
Dunkwa Continental Goldfields Ltd
Lynas Corporation Ltd
Peninsula Minerals Ltd
Rhodium Limited
Talison Minerals
Union Mines Ltd
War Eagle Mining Company Inc.
Zimbabwe Alloys International
Afminex Limited
Alkane Exploration Ltd
Anglo Base Metals
Anvil Mining Congo SARL
Atomic Company of Kazakhstan
Australasia Market Research and Advisory Service Pty Ltd
Australasian Gold Mines
Bougainville Copper Ltd
Bougainville Copper Ltd (PNG)
Cabot Corporation
Cabot Corporation
http://www.mbendi.com/a_sndmsg/org_srch.asp?gloc=W1&INDY=SOTHR&ORGT=C,P
Countries with Tantalum, Niobium and Rare Earth Element Mining Profiles (39)
Australia
Bolivia
Brazil
Burkina Faso
Burundi
Cameroon
Canada
China
Côte d'Ivoire
Democratic Republic of The Congo
Egypt
Equatorial Guinea
Ethiopia
Finland
Gabon
Ghana
Greenland
Guinea
Japan
Kazakhstan
Mauritania
Mongolia
Mozambique
Namibia
Niger
Nigeria
Norway
Papua New Guinea
Rwanda
Sierra Leone
South Africa
Spain
Sudan
Tanzania
Uganda
United Kingdom
United States
Zambia
Zimbabwe
Tantalum, Niobium and Rare Earth Element Mining in Canada
- Overview
Description
Events
News
Companies and Organisations (18)
Directories for Tantalum, Niobium and Rare Earth Element Mining in Canada
Other Sectors of Mining in Canada (26)
Other Countries in North America with Tantalum, Niobium and Rare Earth Element Mining Profiles (2)
loading map ...
Facility Place Country Continent
Description
Canada’s sole producer, the Tantalum Mining Corporation of Canada Ltd. (Tanco), operates the Bernic Lake mining complex located about 180 km northeast of Winnipeg, Manitoba. The Bernic Lake facility produces tantalum by processing fresh ore from the underground mine, or from the processing of tailings. In 2003 Canada had a estimated production of 67t of tantalum.
In Canada, niobium is produced at the Niobec mine located near St-Honoré, Quebec. The mine is owned 50-50 by joint-venture partners Teck Corp. and Cambior inc. In 2003 niobium produaction was estimated at 3,270 tonnes.
http://www.mbendi.com/indy/ming/othr/am/cn/p0005.htm
Tantalum, Niobium and Rare Earth Element Mining in Canada (18)
Companies and Organisations linked to Tantalum, Niobium and Rare Earth Element Mining in Canada (18)
Avalon Rare Metals Inc.
War Eagle Mining Company Inc.
Cassiar Magnesium Inc
First Choice Industries
Goldstake Exploration Inc
IBI Corporation
Iriana Resources Corporation
Kermode Resources
Leader Mining International
Mazarin Mining Corporation Inc
Navigator Exploration
Nuinsco Resources Limited
Osisko Exploration Ltd.
Red Back Mining Inc.
Sequoia Minerals Inc
Sur American Gold Corporation
Tantalum Mining Corporation of Canada Ltd
WMC International Limited Americas Division
Always take 50% / 100% Profit out and ride the free shares
GLA
PP
Wald - thanks
NBRI boardmarks up - now 102
e.digital / Edig is over 20 years old
and still ticking
Very impressive for a penny stock
Still a very low O.S. for a penny stock this old
Some history -
http://edigital.com/history.htm
e.Digital Corporation and its talented inventors and engineering staff have pioneered many developments in the portable electronics industry including:
• 1990 – Released the first commercial ear telephone with an earpiece that located both the speaker and the microphone in the ear without feedback. (This was the first product in what ultimately became today’s line of Jabra™ hands-free communication products.)
• 1993 – Unveiled the first digital voice recorder with removable flash memory, powered by e.Digital’s then newly developed MicroOS®.
• 1996 – Produced the first interface for a digital voice recorder for downloading and managing voice recordings on the PC.
• 1997 – Began development on multi-codec, multi-digital rights management digital music technology platforms using an augmented MicroOS®.
• 1998 – Developed the first portable, digital medical device featuring high-speed infrared downloading to networked PCs for dictation and data (developed for Lanier).
• 2000 – 2003 – Developed and marketed self-branded and customer-branded line of digital music devices. Developed VoiceNav™, a voice navigation technology for portable devices.
• 2000 – to Present – Developing devices based on our proprietary digital video/ audio technology platform.
• 2002 – Developed proprietary content encryption technology.
• 2005 – Developed proprietary networking technology for supporting content downloading to multiple devices.
• 2005 – Present - Developed and continuing to enhance next generation studio-approved eVU™ portable entertainment system which features a customizable passenger-friendly GUI and is available in either 7" or 8" high resolution LCD screen with 40 GB to 200 GB of rugged and reliable storage for 20+ hours of movies, television shows, music, specialty programming and games. eVU is the smallest and lightest dedicated long play portable IFE product available today and integrates the latest in battery safety technology through its removable “Smart” rechargeable high capacity battery pack.
• 2006 – Present – Initiated efforts to monetize flash-memory related patent portfolio with the assistance of intellectual property consulting veteran, Pat Nunally and Duane Morris, one of the 100 largest law firms in the world.
Back to Top
|LEGAL|
858.304.3016 | info@edigital.com | © 2008 e.Digital Corporation
NBRI .015 low O.S. / Mining stock
http://www.northbayresources.com/
NBRI .015 - waiting on news also
GLA
PP
NBRI .015 - low floater
About North Bay Resources Inc.
North Bay Resources Inc. (Pinksheets:NBRI - News) is a junior mining company with over 140 mineral and placer claims encompassing approximately 50,000 acres throughout British Columbia, Canada. The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
NBRI - .015
Mick
Thanks for the Chart