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There is no magic in a 43-101 and it does not protect against fraud it is a "Technical Report" written by a qualified professional.
All the QP writer has to accomplish is to fill in the blanks (see below) and make a property visit. Most of the report can be written using on-line government data.
The property visit is made by flying the geologist to the nearest air-base, renting a helicopter and having him step foot on the ground. Sometimes if he steps foot on the ground he will walk to the nearest claim-post and take a picture of it. If there are no claim posts he takes a selfie of himself and the helicopter. The QP will be fashionably attired in expensive Lowa hiking boots and Arc'teryx jacket and perhaps not shaved in a few days so client will think he was working really hard while out there and not just drafting expense sheet at local watering hole.
INDEPENDENT TECHNICAL REPORT
Table of Contents
1. Summary
2. Introduction
3. Reliance on Other Experts
4. Property Description and Location
5. Accessibility, Climate, Local Resources, Infrastructure and Physiography
6. History
7. Geological Setting
8. Deposit Types
9. Mineralization
10. Exploration
11. Drilling
12. Sampling Method and Approach
13. Sample Preparation, Analyses and Security
14. Data Verification
15. Adjacent Properties
16. Mineral Processing and Metallurgical Testing
17. Mineral Resource and Mineral Reserve Estimates
18. Other Relevant Data and Information
19. Interpretation and Conclusions
20. Recommendations
21. References
22. Date and Signature Form
22. Certificate of Qualifications
List of Figures
List of Tables
In Canada we have the "43-101 gang" that is every bit as bad. A 43-101 is a technical report on a mineral property. I have seen ones that have the wrong claim numbers, make-believe categories like "speculative resource calculation" and TFFEs (target for future exploration). The exchange reviews 43-101 submissions only after someone complains.
Thanks to Bre-x and Urban and others a whole industry blossomed that specializes in churning out reports for penny stock companies.
The biggest Canadian mining scam is now legit because a judge ordered a 43-101 on a silver/gold/copper whatever property in British Columbia.
They can now go on raising money legally on their 0.0001 oz/tonne resource that now has a B.C. engineers seal of approval on the back page sanctioning it. Courtesy of a judge that believed the technical report would protect the investing public.
http://www.vancouversun.com/technology/Calgary+promoter+raised+millions+mining+project+with+questionable+future/2129838/story.html?__lsa=332f-fa78
https://en.wikipedia.org/wiki/Ross_H._Stanfield
Of course the San Pedro mine exists...
http://geoinfo.nmt.edu/museum/minsymp/abstracts/view.cfml?aid=468
“Reason is itself a matter of faith. It is an act of faith to assert that our thoughts have any relation to reality at all.”
G.K. Chesterton
It was euphoric...
My D-88 would in the middle of nowhere and always at night have an electrical problem and all the lights would shut down. I used to do the night shift at a bakery about 70 miles from home and finish at 4:00 a.m. I would cruise the highway (this is Canada no super highways and no shoulders) push it to about 120 miles an hour - If there was a full moon it was ok but if not I would have to try and get close to a vehicle and follow the tail lights. It would startle truckers when I blew by them in that maroon-88. Just me and the dog and a hookah pipe.
Oh man! What a car!! I won't sleep tonight!!!
CMKM defendants see Spooner plead guilty
2015-09-10 09:45 CT - Street Wire
by Mike Caswell
Melissa Spooner, one of those connected to the pump-and-dump of CMKM Diamonds Inc., has pleaded guilty and agreed to testify for the government. She entered the plea in an appearance before Nevada Judge Jennifer Dorsey on the morning of Tuesday, Sept. 8. The judge allowed her to remain free until sentencing, set for Dec. 14, 2015.
Prosecutors claim that Ms. Spooner, a resident of Pennsylvania, participated in the sale of 2.2 billion unregistered shares in a handful of companies that arose from the same conspiracy that produced CMKM. While much of the attention surrounding the case has focused on CMKM, the government alleged there was a conspiracy to fraudulently sell shares of several companies. Ms. Spooner's role was to help sell shares of companies other than CMKM, prosecutors say. The amounts involved with those companies are small when compared with CMKM, but the sales still totalled over $10-million, according to the government. (All figures are in U.S. dollars.) It is not clear how much of that was attributable to Ms. Spooner, but her plea agreement includes a term that she make restitution of $3.3-million.
Undoubtedly of more concern for her co-defendants is the strong possibility that Ms. Spooner could end up testifying against them in return for a reduced sentence. Her plea agreement includes a term that she provide "complete and truthful information and testimony" at the government's request. In order to qualify for a reduced sentence, her co-operation must be substantial. Her plea agreement does not set out exactly what information she must provide, but it must be sufficient to satisfy the prosecution before she will qualify for a reduction.
This could be of particular concern to Ms. Spooner's former boyfriend, Jeffrey Turino, who is in jail awaiting trial. As part of her plea agreement, Ms. Spooner has admitted that she served as one of his nominees and that she was the president of a private entity he set up called Mountain Passages Inc. That entity sold shares during the pump-and-dumps of four companies, according to the government.
While Ms. Spooner's plea agreement has her aiding those pump-and-dumps, it describes her role with the scheme as relatively minor. In 2006, she opened several brokerage accounts through which she arranged the sale of fraudulently issued shares. The shares she was selling included those of Worldwide Cannery, a company that purportedly produced and sold millions of dollars worth of seafood. In reality, the company was not producing products or profits, and was in fact defunct, the plea agreement states.
Despite that, Mr. Turino and others created interest in the company through the issuance of many misleading news releases, according to the agreement. They allegedly promoted both the seafood deal and later a deal to import and market diamonds. Meanwhile Ms. Spooner and Mountain Passages sold $1.4-million worth of stock in Worldwide Cannery and its successor, Global Diamond Exchanges Inc., according to the agreement.
Ms. Spooner admits to participating in similar schemes with other listings as well. Her plea agreement lists them as Equitable Mining Corp., OMDA Oil and Gas Inc., and Grand Entertainment and Music Inc. In all, she has admitted to participating in the sale of at least two billion fraudulently issued shares.
Besides Mr. Turino, the defendants that Ms. Spooner's plea agreement mentions by name include John Edwards, the U.K. citizen who allegedly masterminded the promotions of CMKM and other companies. Also named is Nickolaj Vissokovsky, who divided the proceeds of the sales from four pump-and-dumps with Ms. Spooner and Mr. Turino, according to the plea agreement. Another name that frequently appears is Helen Bagley, the now-dead transfer agent who prosecutors claimed facilitated many share transfers as part of the scheme.
While it is not entirely certain what Ms. Spooner could testify about, there is some certainty in her sentence. She faces a maximum of five years, and will likely receive a considerably shorter term. Assuming that she fulfills all the conditions of her plea agreement, prosecutors have agreed to recommend a sentence in the low end of her sentencing range.
The CMKM indictment
The charges in the case are contained in an 87-page superseding indictment filed on March 24, 2010, in the District of Nevada. Prosecutors mostly complained about the promotion of CMKM, citing Mr. Edwards and Saskatchewan's Urban Casavant (who died on Feb. 14, 2014, during a routine surgical procedure) for a scheme in which they caused CMKM's outstanding share total to reach an extraordinary 800 billion shares. Although CMKM purported to be exploring for diamonds, its sole product was the massive number of shares that the company's "printing presses" turned out, the indictment stated.
Urban Casavant
123 PEOPLE
Urban Casavant
As the company was churning out shares, Mr. Casavant and Mr. Edwards embarked on a two-year promotion that, according to prosecutors, attracted as many as 40,000 investors. The promotion, as described in the indictment, reached its peak in 2004 when the company started sponsoring a racing team called "CMKXtreme." The team participated in a series of races, sporting vehicles with the company's stock symbol. Attendees wore shirts with slogans such as "Got CMKX?" Mr. Casavant frequently attended the races as well.
Despite the substantial promotion, the company remained a hollow corporate shell, according to prosecutors. Although purportedly a multinational diamond exploration company, it never commercially produced or sold diamonds. Eventually the U.S. Securities and Exchange Commission halted the stock, citing questions about the accuracy of publicly available information on the company.
The charges in the case include conspiracy, fraud, insider trading, money laundering and racketeering. The defendants awaiting trial are: Mr. Edwards, Mr. Turino and Mr. Vissokovsky, as well as Brian Dvorak, Ginger Gutierrez, and James Kinney. All have pleaded not guilty. With the exception of Mr. Turino and Mr. Edwards, all are also free until trial. (A seventh defendant, Jeffrey Mitchell, pleaded guilty and, like Ms. Spooner, agreed to co-operate with the prosecution in return for a reduced sentence recommendation.) The trial, which has been delayed many times, is set for March 22, 2016.
(Further information regarding CMKM Diamonds and associated companies can be found in 85 Stockwatch articles dated Oct. 21, 2003; June 22; Sept. 16 and 24; Oct. 1, 15 and 20, 2004; Feb. 11, 14, 18, 22 and 23; March 1, 3, 4, 7, 14, 15, 16 and 21; June 6, 8, 9, 10, 13, 14, 15, 16, 17, 20, 21, 22, 29 and 30; July 1, 4, 6, 12 and 13; Aug. 2, 5 and 9; Sept. 7, 12, 27 and 30; Oct. 24, 26 and 31; Nov. 7, 11, 22 and 25; Dec. 1, 6, 9, 15 and 22, 2005; Jan. 3; Sept. 29; Oct. 4, 2006; Aug. 30, 2007; and April 7, 9, and 11, 2008; Sept. 21, 2009; Feb. 17 and 23; March 2, 5 and 10, 2010; May 18, 2010; Nov. 7, 2011; Jan. 20, April 25, Sept. 26, and Oct. 24, 2012; and Sept. 30, 2013, Oct. 7, 2013, Feb. 20, 2014, May 13, 2014, Aug. 14, 2014, Oct. 7, 2014, Dec. 3, 2014, and Jan. 29, 2015.)
© 2015 Canjex Publishing Ltd. All rights reserved.
I ask you again. Got NAR?
Bottom of the mine with no shares to sell buried under rocks.
Is that your investment strategy?
Frank tells me what to do.
A few glasses of Boone's Farm and I punch that eight tract!
Heaven... Simply heaven...
Your problem Johnny is you don't appreciate good music and if you can't dance you will never be a good investor.
Cheer up Johnny Boy!
With everything you've learned from CMKX you should be light years ahead of Buffett, Soros and Gates not to mention Jobs.
I'm here to help you get over your past and guide you into positive speculative investing.
Johnny Boy's Song!
The Great Province of Saskatchewan is preparing for the Labour Day Game where we fight the Winnipeg Blue Bombers at our 100 year old Taylor Field.
Sure we lost the first 9 games of the season but a true fan never gives up hope and with our new $700 million stadium being built it will give us something to believe in.
Riderville
Urban gave you something to believe in and you rejected it and are now paying the price. People like you elect the NDP and vote in higher taxes rejecting change and innovation for the turnip patch.
This is next year country Old Sport - look forward to the new and throw out the old.
Old-Sport
That was an AA meeting.
Do you remember the prayer we made you recite?
God, give me grace to accept with serenity
the things that cannot be changed,
Courage to change the things
which should be changed,
and the Wisdom to distinguish
the one from the other.
Living one day at a time,
Enjoying one moment at a time,
Accepting hardship as a pathway to peace,
Taking, as Jesus did,
This sinful world as it is,
Not as I would have it,
Trusting that You will make all things right,
If I surrender to Your will,
So that I may be reasonably happy in this life,
And supremely happy with You forever in the next.
Amen.
There is a newer translation that is excellent. If I have one regret it is not being able to read these masterpieces in the original Russian.
If you're so smart tell me who wrote the following:
'Passport! ' barked the cat and stretched out a fat paw. Completely dumbfounded and blind to everything except the twin sparks in the cat's eyes, Poplavsky pulled his passport out of his pocket like a dagger. The cat picked up a pair of spectacles in thick black rims from the table under the mirror, put them on its snout, which made it look even more imposing, and took the passport from Poplavsky's shaking hand.
'I wonder--have I fainted or what? ' thought Poplavsky. From the distance came the sound of Koroviev's blubbering, the hall was filled with the smell of ether, valerian and some other nauseating abomination.
'Which department issued this passport?' asked the cat. There was no answer.
'Department four hundred and twenty,' said the cat to itself, drawing its paw across the passport which it was holding upside-down. ' Well, of course! I know that department, they issue passports to anybody who comes along. I wouldn't have given one to someone like you. Not on any account. One look at your face and I'd have refused! ' The cat had worked itself up into such a temper that it threw the passport to the ground. ' You may not attend the funeral,' went on the cat in an official voice. ' Kindly go home at once.' And it shouted towards the door : ' Azazello! '
I belong to the Mennonite Brotherhood.
http://www.saskatoonjazzsociety.com/wp-content/uploads/2015/08/oct-31-dead-south.jpg
The edicts of our glorious leader the great Wall of Saskatchewan must be obeyed.
http://www.cbc.ca/news/canada/saskatchewan/saskatchewan-to-make-stripping-illegal-in-bars-again-1.3008951
Saskatchewan is a Godly place that does not tolerate evil-doers. If the Chief of Police can't find a perp he will only be too happy to invent one and railroad that person into jail.
http://culteducation.com/group/1138-satanism/18322-the-martensville-satanic-sex-scandal-.html
However, we are prepared to give criminally insane stock promoters the benefit of the doubt and free medical treatment while hiding out from the SEC.
There are strange things done in the midnight sun
By the men who moil for gold;
The Arctic trails have their secret tales
That would make your blood run cold;
The Northern Lights have seen queer sights,
But the queerest they ever did see
Was that night on the marge of Lake Lebarge
I cremated Sam McGee.
Now Sam McGee was from Tennessee, where the cotton blooms and blows.
Why he left his home in the South to roam 'round the Pole, God only knows.
He was always cold, but the land of gold seemed to hold him like a spell;
Though he'd often say in his homely way that he'd "sooner live in hell".
On a Christmas Day we were mushing our way over the Dawson trail.
Talk of your cold! through the parka's fold it stabbed like a driven nail.
If our eyes we'd close, then the lashes froze till sometimes we couldn't see;
It wasn't much fun, but the only one to whimper was Sam McGee.
And that very night, as we lay packed tight in our robes beneath the snow,
And the dogs were fed, and the stars o'erhead were dancing heel and toe,
He turned to me, and "Cap," says he, "I'll cash in this trip, I guess;
And if I do, I'm asking that you won't refuse my last request."
Well, he seemed so low that I couldn't say no; then he says with a sort of moan:
"It's the cursed cold, and it's got right hold till I'm chilled clean through to the bone.
Yet 'tain't being dead -- it's my awful dread of the icy grave that pains;
So I want you to swear that, foul or fair, you'll cremate my last remains."
A pal's last need is a thing to heed, so I swore I would not fail;
And we started on at the streak of dawn; but God! he looked ghastly pale.
He crouched on the sleigh, and he raved all day of his home in Tennessee;
And before nightfall a corpse was all that was left of Sam McGee.
There wasn't a breath in that land of death, and I hurried, horror-driven,
With a corpse half hid that I couldn't get rid, because of a promise given;
It was lashed to the sleigh, and it seemed to say:
"You may tax your brawn and brains,
But you promised true, and it's up to you to cremate those last remains."
Now a promise made is a debt unpaid, and the trail has its own stern code.
In the days to come, though my lips were dumb, in my heart how I cursed that load.
In the long, long night, by the lone firelight, while the huskies, round in a ring,
Howled out their woes to the homeless snows -- O God! how I loathed the thing.
And every day that quiet clay seemed to heavy and heavier grow;
And on I went, though the dogs were spent and the grub was getting low;
The trail was bad, and I felt half mad, but I swore I would not give in;
And I'd often sing to the hateful thing, and it hearkened with a grin.
Till I came to the marge of Lake Lebarge, and a derelict there lay;
It was jammed in the ice, but I saw in a trice it was called the "Alice May".
And I looked at it, and I thought a bit, and I looked at my frozen chum;
Then "Here," said I, with a sudden cry, "is my cre-ma-tor-eum."
Some planks I tore from the cabin floor, and I lit the boiler fire;
Some coal I found that was lying around, and I heaped the fuel higher;
The flames just soared, and the furnace roared -- such a blaze you seldom see;
And I burrowed a hole in the glowing coal, and I stuffed in Sam McGee.
Then I made a hike, for I didn't like to hear him sizzle so;
And the heavens scowled, and the huskies howled, and the wind began to blow.
It was icy cold, but the hot sweat rolled down my cheeks, and I don't know why;
And the greasy smoke in an inky cloak went streaking down the sky.
I do not know how long in the snow I wrestled with grisly fear;
But the stars came out and they danced about ere again I ventured near;
I was sick with dread, but I bravely said: "I'll just take a peep inside.
I guess he's cooked, and it's time I looked"; . . . then the door I opened wide.
And there sat Sam, looking cool and calm, in the heart of the furnace roar;
And he wore a smile you could see a mile, and he said: "Please close that door.
It's fine in here, but I greatly fear you'll let in the cold and storm --
Since I left Plumtree, down in Tennessee, it's the first time I've been warm."
There are strange things done in the midnight sun
By the men who moil for gold;
The Arctic trails have their secret tales
That would make your blood run cold;
The Northern Lights have seen queer sights,
But the queerest they ever did see
Was that night on the marge of Lake Lebarge
I cremated Sam McGee.
The Cremation Of Sam Mcgee by Robert William Service
Kimberlite Exploration Podcast
Dr. Stephen Haggerty
You diamond experts should have invested here...
¡Ay, caramba!
Check out the chart for Chipotle Mexican Grill Inc. (CMG)
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CMG&insttype=&freq=2&show=&time=12
¿Got Tacos?
Don't always associate the name Casavant with shysters.
This touching story shows one guy whose IQ was high enough not to follow the rule book and do something evil.
http://www.cbc.ca/news/canada/british-columbia/bryce-casavant-who-refused-to-kill-bear-cubs-removed-from-conservation-service-1.3207486
Tears were streaming down my face as I was posting it.
The best poet from that era was Vesta Althea Pickel who recently passed away.
http://www.amazon.ca/Under-Prairie-Sky-Collection-Poetry/dp/B002FD3DUE/ref=sr_1_1?s=books&ie=UTF8&qid=1440312953&sr=1-1
http://www.legacy.com/obituaries/leaderpost/obituary.aspx?pid=165692006
Her father was my dad's school teacher. Pops would ride by horseback with five other kids on a big draft horse winter and summer and stable the horse at the Black-Smith shop in Balcarres run by my dad's uncle Mack Macissac. I was about a four mile trip.
Vesta Althea Pickel, wrote
‘There is no spring, though all the world is greening,
Unless you see through eyes renewed with hope.’
I give to you Canada's greatest poetess, Sarah Binks.
The Cursed Duck
A cursed duck pecked off his ear,
And his face grew peaked and pale;
"Oh, how can a woman love me now?"
Was his constant and lonely wail.
But a woman came, and she loved the man,
With a love serene and clear --
She loved him as only a woman can love
A man with only one ear.
Urban and the Good Lord have inspired me to post this poem.
Joyce Kilmer 1886–1918
I THINK that I shall never see
A poem lovely as a tree.
A tree whose hungry mouth is prest
Against the sweet earth's flowing breast;
A tree that looks at God all day,
And lifts her leafy arms to pray;
A tree that may in summer wear
A nest of robins in her hair;
Upon whose bosom snow has lain;
Who intimately lives with rain.
Poems are made by fools like me,
But only God can make a tree.
Please remember that hell-bound atheists cannot even grow a solitary blade of grass. And yes I know the difference between a limerick and a poem so don't start chiding me with grammar rules. The rule I follow is the Law of Good God Almighty.
PRAISE JESUS !!!
He has rejected that Godly Man Urban and is on the road to perdition. I said a prayer for him today. God works in mysterious ways and HE may yet bring him back to the fold. The stock promotion Urban hoped to build has never yet been achieved but like the good Lord is coming?
G O T N A R ! ? ! ?
Emerson and the boys are on board so rest assured it is gold plated.
Just wait till you see the gold-trailings we saw ! ! !
"Also you helped rip us all off big-time and I fell for the BS hook line and sinker!!!"
I'm hoping to find more people JUST LIKE YOU ! ! !
The richest diamond play in the world is in Saskatchewan.
http://www.northarrowminerals.com/projects/pikoo/
Not to mention the richest deposits of uranium and potash in the world.
Uncle Melvin forgives you.
It is only a matter of time before this Phoenix rises from the ashes and assumes the place God ordained it to occupy.
We have a promotion starting shortly and wish to be associated with this great man.
When the going got tough Uncle Mel never jumped ship but was instead a beacon in the storm that eventually disarmed and killed the main players through their personal dishonesty.
CMKX may not be forever but diamonds are.
The last great diamond play - richer than anything in the NWT, Nunavut, S. Africa, Botswana or Siberia... right here in Saskatchewan.
http://www.northarrowminerals.com/projects/pikoo/
Where Uncle Melvin at?