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Somehow the Stoddard report was removed from my post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=77801007&txt2find=stoddard
Here it is again.
NOTE: Stoddard does not show his Mining & Mechanical Engineer number nor use an engineer's stamp on the appraisal!
And no wonder - he is not registered! To arrive at that asset value, one would thing that extensive sampling and testing had been performed yet no assay sheets were attached to the report.
Here is a searchable database and you will see that neither Jenkins nor Stoddard are registered in Arizona, the state where they have lived for decades!
http://www.azbtr.gov/listings/professional_registrant2.asp
How about that 2,000 share trade that dropped SIRG down 30%?
All you have to do is wait for the next paid pump or PR that might move GEAR up enough to get out even or with a small profit.
Dale Geck
President at GolfGear International Inc
Canada Mining & Metals
Current
President at GolfGear International Inc
Gear International, Inc. (PINKSHEETS:GEAR) announces a commitment to shift its current listing from the Pink Sheets to the OTCBB. The move is prompted by management's excitement over recent asset acquisitions, and increases in revenues and shareholders.
Notice Dale does not reveal the source of those revenues as:
The Silver Cord has been a huge success and dore bars are being poured and sold daily!
I only know that GEAR/WSRA will be required to hire a Hazmat team to come in and pump that toxic water into a truck and haul it to a Hazmat Disposal site - closest one probably in Nevada!
My WAG is that after they discovered the condition of the Silver Cord they moved it to the back burner!
US judge slaps mining company with $2M penalty
http://www.ynetnews.com/articles/0,7340,L-4258436,00.html
This shows the Stoddard report results done in 2009 under the auspices of Arizona Gold Corp, the Florida registered company by the Arizona residents to create reports for mining claims in Arizona.
Now that is really fishy!
I can hardly wait to see what numbers WSRA gives to GDSM and if they ever report them.
And Don Jenkins IS NO LONGER A CERTIFIED PROFESSIONAL GEOLOGIST!
Dale lives in Canada. I doubt he has ever set foot in Arizona where the Silver Cord mine is located.
October 10, 2011 08:30 ET
GolfGear International, Inc. Begins Initial Funding for Phase One Development of Silver Cord Mine
LAS VEGAS, NEVADA--(Marketwire - Oct. 10, 2011) - GolfGear International, Inc. announces that it has begun providing initial funding for placing the Silver Cord Mine into production as stipulated under terms of a joint venture agreement with the mine owner, Mission Holdings, LLC.
Dale Geck, President of GolfGear International, stated, "The Silver Cord joint venture presents the Company and its shareholders with an unusual opportunity. The Silver Cord Mine is unlike many other mining properties that are made up of raw, undeveloped lands typically requiring extensive geological exploration, permitting, excavation, and significant time to reach production. In contrast, the Silver Cord Mine is a developed silver and gold mine with over 900 feet of existing tunnels following a prominent silver vein.
NOTE: What Dale fails to tell shareholders is that the mine has 70 yrs of water seepage that damaged those 900 feet of tunnels causing two cave ins and sections are flooded with toxic water containing arsenic and lead!
It has a documented history as a producing mine and has an existing infrastructure already in place. This is not a start-from-scratch mining project, but a well-planned expansion of an established mine that has demonstrated successful ore production in its past. Management chose to pursue the Silver Cord mining opportunity due to its obvious potential for rapidly generating revenues from silver and gold production."
Western Sierra Mining Corp. (PINK SHEETS:WSRA) will manage production of the Silver Cord Mine under the joint venture agreement. According to Michael Chaffee, CEO of Western Sierra, "These initial funds will go directly toward Phase One of our Development Outline, which will include general exploration, sampling, and mapping of the mine.
NOTE: Those initial funds will need to be used to pump out the water, dig out the cave ins and timber the roof to prevent more cave ins. The surface above requires proper grading to halt the seepage!
Dale says nothing about the long permitting process and the safety inspection required to do any testing.
Some ore material will likely be removed and processed as part of the geological evaluation."
About GolfGear International, Inc.:
GolfGear International, Inc. was originally incorporated in 1996 as a golf equipment company. The Company has recently altered its business strategy to include gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining. The Company has recently announced the execution of a joint venture agreement with Mission Holdings, LLC for placing into production the Silver Cord Mine in Arizona. GolfGear plans to process gold and silver extracted from the Silver Cord utilizing an efficient environmental extraction and refining technology under a licensing agreement with EnviroXtract, Inc. (PINK SHEETS:EVXA). GolfGear anticipates further announcements regarding additional gold and silver mining and processing opportunities to be forthcoming.
The first step would be to get the $25,000 to $50,000 and hire an independent PLCC registered CPA firm. The audits and financial filings will be required to meet the Sarbanes-Oxley Act.
I believe that GDSM will be required to file full audited financial filings - 10Qs for two quarters before they can even be considered to list on the OTCBB.
So that is 6 months right there.
Every share that has ever been issued by the company will need to be accounted for, including who got those 185,000,000 shares that were added from Oct to Mar. The details of that note will need to be revealed.
Dennis Atkins and Michele Driscoll-Hinton won't cut it!
The SEC might want that legal case settled prior to approval.
The Company continues to pursue and engage in discussions to reach a Settlement Agreement with lenders from the Company’s previously owned wholesale produce subsidiary. The Company and its management expect a favorable settlement of these matters.
Just calculate the 50,000,000 lbs of indicated ore (only 27,000,000 is proven reserves) times $3.50 per lb. Processing costs are estimated to be in the $1.20 (tailing piles and loose ore) to $1.50 when they are re-engineering the pit.
That leaves $2.00 per lb cash flow or $100,000,000, seems like enough to pay management expenses. If as suspected there is another 50M lbs of recoverable ore discovered south of the pit there could be an additional $100,000,000 of cash flow in 2-3 yrs.
Of course if that much additional ore is discovered it is likely that SIRG would expand operations thus occurring additional expenses. But then the price of copper could be over $4 in 2-3 yrs making that expansion very profitable. And what will be the price of copper in the next 5-10 yrs?
The reality is that when someone does extensive testing on a mining claim and the assay results are good to excellent, they attach them to the report as proof.
Example: http://investorshub.advfn.com/boards/edit_msg.aspx?message_id=77820785
Note that Mr. Lewis is NOT a professional geologist, just calls himself a placer mining Specialist whatever that is!
Where are the results of this testing????
That might help WSRA give GDSM a glowing report of the sample results.
There are several locations where gold nuggets from Arizona placer claims can be bought. Here is one.
http://goldplacer.com/gold-nuggets/
http://www.arizonagoldprospectors.org/GoldSales.htm
GOLD for sale! There is nothing like the beautiful luster and gleam of freshly mined placer GOLD, and now you can buy raw placer GOLD through the Arizona Association of Gold Prospectors and leave the digging to us.
Beats grinding up an old Rolex!
But what will WSRA and GDSM tell their shareholders? Mr. Chaffee failed to reveal that he transferred the Gold Crown Lease to himself and got the bucket permit in his name when he released a shareholder update on June 30, 2012 despite the fact that his actions were months earlier.
Why keep shareholders in the dark?
Did you see how many of those companies have the Suspension of all Services ex CS attached to them?
Does SIRG have that notification? NO - those are for companies that have failed to respond or correct the reason they received the chill. SIRG completed all the corrections by doing amended filings. I believe that is the reason Brad Hacker was relieved of his CFO job and replaced by Barton Budman, a much higher educated and qualified person.
Did you count the number of companies that have been chilled?
The DTCC has failed to remove hundreds of companies that have complied from their list just as the NV SOS has failed to correct their website.
The GDSM /WSRA properties are right off Copper Basin Road.
When you have spent a month up in that area in your RV, camping in the Prescott National Forest, Lynx Lake and other areas in the Bradshaws, yes you do know the weather. This entire area with the exception of Skull Valley is very beautiful and a great escape from the heat in the Phoenix valley.
That water is bluer than blue and crystal clear. Only electric motors are allowed on boats to prevent gas and exhaust pollution.
But someone posted that his buddy was working on the GDSM/WSRA properties and he had seen the "core" samples.
How you get a core out of a gravel pile is beyond me but that is what he said.
Also said there was a lot of heavy equipment and they were taking lots of pictures. Has anyone seen those pictures of heavy equipment on the Gold Crown?
With a POO that states clearly NO Motorized vehicles or equipment that presents a problem. Maybe I can get someone to take a look for tire tracks on the Gold Crown.
I have been in Skull Valley and the area of the GDSM/WSRA claims. We we drove east out of Skull Valley and unloaded the ATVs. We headed up Mexican Gulch Road and hiked around that area. I recall opening and closing a gate, probably to keep the cattle safe. This was many years ago with my cousin who is retired US Forest Service, lives in Prescott and knows that area very well.
Recently I called him and asked him if he thought there was gold in the Mexican Gulch stream beds and he said "sure is". I asked how come nobody was mining it. He said not enough to support more than half a dozen people and it is really hard work because there are so many restrictions. He said another company had tried for years to sustain a placer mining operation, even had tailing piles to work with but there was never enough gold to pay for itself.
He has taken us on several trips in the Bradshaws where we used GPS to find old abandoned mines. He brought along a truck bed full of old tires and we dumped them down the shafts to protect anyone who fell into one as they are very dangerous.
I don't think that is what you wanted to hear.
Normally true but SIRG has had a 10 to 20 point spread for months and SIRG investors are used to it. The spread has been discussed in previous post numerous times.
SIRG has had an unusually high number of 5,000 trades, eight out of 18 trades in one day and every 5000 trade lowered the share price.
For whatever reasons, SIRG has been and continues to be manipulated. One day a 500 share trade at the close dropped SIRG over 20% but it bounced right back the next day.
Long term SIRG investors have seen this so many times they just accept it knowing that it will end when permit approvals and funding details are released.
Most of the SIRG investors are aware of the salaries received by the top men in the industry but those not familiar with the mining industry would not know.
SIRG is fortunate that their mine is not an underground mine and they would have to pay miner's wages!
And that L2 shows buy orders are more than double sell orders. How do you explain that and claim no bid support?
SIRG's CEO at the town hall meeting announced that they plan to return the mine to production in Jan/Feb. Sadly, that target date is subject to federal and state agencies over which they have no control.
The fact that SIRG will be opening a pre-existing mine is a huge factor in their favor as all the required permits received approval previously.
Mostly a matter of updating and revising some of the permits. The biggest problem is not having those permit applications lay on some idiot's desk for a month! Paul C. Rizzo Assoc. was hired to assist in the permitting process.
SIRG hired an award winning international mining consulting company as befits their future goals of becoming an international mining company. Their previous MOI for a JV with a Bolivian gold mining company did not work out but remember Michael Rowland has an employment contract to begin the search for an acquisition or JV partner.
Imagine if that Bolivian gold mining JV would still be available and a deal could be done! There is a reason why so many of SIRG's BOD members are international.
SIRG would SURGE!
Just a repeat of yesterday but on much lower volume. And a $22 trade drops it down 30%! Too funny! I wonder what a $2,000 trade would take SIRG up to??
SIRG Time & Sales
Price Size Exch Time
$0.0055 4,000....12:13:54
$0.0080 25,000....11:07:08
$0.0085 109,500....09:45:50
$0.0085 20,000....09:38:41
$0.0090 10,000....09:30:30
Someone wanted SIRG at a bargain price and bought those 3M+ shares, investing $18,597.22, showing he has confidence that SIRG will reach their goals.
Take a look at the mining property and see how huge an operation the Chloride mine will be. They expect to have over 50 employees.
See how huge the existing pit is.
After a few years of mining, the pit will resemble something like this one.
Yes those employment contracts are expensive but all tied to results of them returning SIRG's mine to production.
It does take money to attract and hire top management executives and that should give SIRG investors an insight of the goals of SIRG to become a much bigger company in the future.
Many posts were removed because people failed to abide by I-HUB rules but there were also many posts removed as OT because people do not know who the relevant people are who are connected to SIRG.
Please find some of those "burned SIRG investors and ask them to report their losses.
Current SIRG investors started buying around a year ago and loaded the boat every time SIRG dropped below .004.
SIRG is a start up company with their first project so they have never had a failure.
Really?
Here are a few SIRG facts although phone conversations have been considered heresay.
Previous reports showed that the permits were "good for the life of the mine" but when SIRG tried to get them transferred from Copper Mesa to SIRG BLM refused. SIRG then hired Paul C. Rizzo Assoc to deal with the problem. A MOP was submitted and BLM asked for more details and revisions. Rizzo submitted them in mid Feb and my conversation with Paul at the BLM Kingman office on June 5th said they BLM had a meeting and the MOP was approved.
The the Mineral Park mine, SIRG's neighbor 2.8 miles to the east was caught operating without permits (BLM failed to do its job for years!) and they were fined $1,300,000 in May.
http://www.lvrj.com/news/mining-company-to-pay-1-3-million-in-arizona-fines-153987755.html
SIRG hosted a town hall meeting in Chloride for the locals, town officials and BLM agents. Complaints were made by a few locals about dust from SIRG's tailing pile but no proof was presented that the dust was from the Chloride mine and not the Mineral Park mine that was doing extensive blasting during that time. But Rod said they will control any dust from the tailing pile. This can be done with sprinklers during windy days or by spraying mag chloride on the piles.
Next, Hondo Minerals, operating the Tennessee mine above Chloride, got caught operating without permits and received 2 NOVs in May. (Again BLM failed to do its job!)
With 2 total inspection failures, BLM decided to start actually doing their job and SIRG became the innocent victim. BLM then asked for a DEIS although neither of the other two mines were required to do one! NOT FAIR and this has caused another expense and delay!
SIRG can only move ahead as fast as the government agencies allow it to. They have no control over agents who allow documents to sit on their desks for months.
How can a MOP take 4 months to get approved? One has to wonder what these agents do all day and where their priorities lie. Certainly to assist companies through the permitting process and providing shovel ready jobs.
Recently another investor called Paul at BLM and was told "SIRG is doing fine"!
I agree with some of your post but not the SIRG share price. It doubled in June and still is far under valued with lots of room to climb.
The SIRG 8K really just confirms what we already knew and I do like the incentives that the officers get. No wonder they are busting butt to get the mine open and producing revenues.
Unlike so many other companies where the officers just sit around playing games on their puters, SIRG's officers have to produce to get their bonuses.
b. 25% of the Bonus Stock shall be delivered to Employee when the Company begins production at the Chloride Copper Plant;
c. 25% of the Bonus Stock shall be delivered to Employee upon the Company’s generation of a cumulative $5 million in revenue; and
d. 25% of the Bonus Stock shall be delivered to Employee upon the Company’s generation of a cumulative $10 million in revenue.
The employment agreement is extremely detailed (6 pages) and covers everything I could think of.
This shows how professional everything being done at SIRG is.
The GDSM - WSRA properties are just east of the town of Skull Valley and west of the Bradshaw Mountains. Many residents of Phoenix have summer homes in the Bradshaw Mountains, and many more in Prescott because it is so much cooler that the valley.
Current temps there are 63 and with no daylight savings time in Arizona, it is light by 5:00 AM and even cooler. Zonies get up early to take advantage of the early morning cool temps and they could be done on the claims by 1:00 and avoid the heat of the day. High today is 88 - much cooler than over 1/2 of the US.
But Mr. Chaffee is doing a lot on the Gold Crown Lease. They have shoveled 50 5 gal buckets of gravel and carried them around over 300 acres to their vehicle and trucked them off to process.
On June 30th Mr. Chaffee announced in a shareholder update that the results would be released to GDSM in the first two weeks of July. That time frame has long since passed with no word from either GDSM nor WSRA on those sample results.
That is very hard work carrying those 5 gal buckets through the summer heat in central Arizona where they claim it went over 100 but that can't be verified.
The JV with WSRA was first PRd on Feb 14th and now 5 months later there has been very little forward progress on the properties other than a few buckets of gravel.
And there are over 500 acres on the two properties but only 17 acres are being sampled on their shoestring budget!
Is anyone paying attention to SIRG anymore? There was an 8-K filed and nobody is discussing it?
Sure is not the same board as it was a few weeks ago.
http://ih.advfn.com/p.php?pid=nmona&article=53573482
Interesting as I happen to have a copy of the fake Stoddard appraisal to share.
NOTE: Stoddard does not show his Mining & Mechanical Engineer number nor use an engineer's stamp on the appraisal!
And no wonder - he is not registered! To arrive at that asset value, one would thing that extensive sampling and testing had been performed yet no assay sheets were attached to the report.
Here is a searchable database and you will see that neither Jenkins nor Stoddard are registered in Arizona, the state where they have lived for decades!
http://www.azbtr.gov/listings/professional_registrant2.asp
Of interest is the report was produced by Arizona Gold Corp. a company registered in Florida by Stoddard, Jenkins and Chaffee. Now why would these men, all residents of Arizona register their new company in Florida? Not Nevada? Not Arizona?
ARIZONA GOLD CORP.
Filing Information
Document Number P08000057280
FEI/EIN Number NONE
Date Filed 06/11/2008
State FL
Status INACTIVE
Last Event ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed 09/25/2009
Event Effective Date NONE
Principal Address
4625 SW 27TH AVE
Registered Agent Name & Address
SPIEGEL & UTRERA, P.A.
1840 SW 22ND ST.
4TH FLOOR
MIAMI FL 33145 US
Officer/Director Detail
Name & Address
Title PD
JENKINS, DON L
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Title VPSD
LEE, JOHN T
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Title VPD
STODDARD, SCOTT
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Title VD
JENKINS, LARRY
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Title T
MILLER, BONNIE
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Title D
CHAFFEE, MICHAEL
4625 SW 27TH AVE
FT LAUDERDALE FL 33312
Annual Reports
No Annual Reports Filed
http://www.sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P08000057280&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=ARIZONAGOLD&names_filing_type=
They were probably hoping investors would not discover that this company was formed in 2008 to do reports on Jenkins mining claims and for it to appear that an independent 3rd party produced the reports.
The mailing address for Arizona Gold Corp is the UPS store in the Safeway Center in Prescott!
After the reports were done, Arizona Gold went dark in 2009! The only thing they did was produce reports for Jenkins mining claims that he was trying to peddle to clients seeing mining claims.
Hondo mine scrutinized
July 24, 2012
7/19/2012 6:00:00 AM
Ahron Sherman
Miner Staff Reporter
Hondo Minerals Corporation, which operates the Tennessee and Schuylkill mines in Chloride, received three notices of violations from the Arizona Department of Environmental Quality in the last month-and-a-half.
Two of the violations, one for discharging water without an aquifer protection permit and one for not having a permit for storm water discharge, were sent to the company on May 23.
The third violation was sent on June 11 and alleges that Hondo operated two combustion engines - each over 325 horsepower - without an air quality control permit.
Hondo has 30 days from the moment it received the two water violations to respond to ADEQ and 60 days from the day it received the air violation.
Within the responses, Hondo must either prove the violations never occurred or present documentation outlining how it plans to get the required permits and correct the alleged problems.
The mine site and its metal concentration plant are capable of producing gold, silver, zinc and other metals, according to Hondo's website. The property was at one time the largest producer of silver in Arizona. Construction of the plant began in 2011.
"We have received the notices and have been actively working with ADEQ staff toward addressing their requirements," said Hondo CEO William Miertschin.
Mark Shaffer, ADEQ director of communications, said Hondo responded to the storm water discharge violation by paying for a multi-sector storm water discharge permit.
Hondo filed a notice of intent with ADEQ, but the agency wants to see a storm water pollution prevention plan for the project, Miertschin said.
The company hired private consultant Mohave Engineering and Associates, Inc., a civil engineering, surveying and material testing company, to prepare the plan.
Hondo expects to present the plan to ADEQ this week, he added.
"An Arizona pollutant discharge elimination system permit is required for pollutant discharge from any source on the site to a water of the United States or a separate storm sewer system," Shaffer said. "I don't know the topography of this site, but many of these types of operations are typically in rugged desert hills in which the drainage into arroyos would be considered a water of the United States."
Hondo has not set up a pre-application meeting to acquire an aquifer protection permit, which it legally must have to discharge at the mine site, Shaffer said.
An aquifer protection permit is required in Arizona if you own or operate a facility that discharges a pollutant either directly to a subterranean aquifer or to the land surface or vadose zone (the area between an aquifer and the land surface) in such a manner that there is a reasonable probability the pollutant will reach an aquifer, Shaffer said.
Right now, the site is a zero-discharge facility, Miertschin said. In the future, Hondo may need to discharge pollutants, so the company is pursuing the permit anyway.
"It's very important that mining operations follow state law and acquire the proper permits before they start operations," Shaffer said.
"Our investigation of this matter is ongoing and a lot of this is dependent on the pre-application (aquifer protection permit) meeting in which we actually sit down and meet with them and review their engineered drawings."
The meeting allows Hondo to discuss issues relevant to getting their permit, such as groundwater monitoring, design, best available demonstrated control technologies, operations and closure.
The meeting would also be used to determine if an individual or general aquifer protection permit is appropriate, according to ADEQ documents.
Hondo still has until Aug. 12 to come into compliance with the air quality violation, and the company is still within its 60-day deadline to respond, Shaffer said.
Miertschin said the engines are not permitted, but that they fall within ADEQ compliance guidelines.
"We were caught unaware on this one," he said. Newly enacted regulations require the permit for the engines, but Hondo didn't know of the rules, he said.
Next year, the engines will be out of compliance because regulations are set to change once again. They will need to be retrofitted in order to remain compliant, Miertschin said.
"The investigation on the air quality side is ongoing," Shaffer said. "We can't speak to the seriousness of that violation or (explain) what is next until we receive a response from them on that matter."
It is the responsibility of the company to have all permits required for their operations to be in compliance with the law, Shaffer said.
Though construction was yet to be completed, the Mining State and Health Administration designated the site as an operating mine on May 17, said Hondo Operations Manager Rhena Drury.
This led to ADEQ discovering the violations, even though the site didn't go live until June 27.
"I told (ADEQ inspectors), 'What you tell us to do, we'll do,' " Drury said.
Hondo has worked closely with ADEQ since, but "we're just a little behind the curve."
http://www.kingmandailyminer.com/main.asp?Search=1&ArticleID=51761&SectionID=1&SubSectionID=798&S=1
Hondo has still failed to file an 8K despite this being a material event!
Actually ADEQ didn't discover the violations, pictures were taken of Hondo operating and sent to ADEQ who then investigated the mine.
I thought the POO was just for Mr. Chaffee's exploration permit and sampling.
Won't they be required to file a MOP - Mine Operations Plan to begin the mining process?
There is a MOP online for Lease Number: 11-86475 for Section 11, T13N, R4W Yavapai Co. Arizona dated Dec. 31, 2009 for those who would like to see a MOP for a nearby mining operations in Skull Valley.
This is the same document GDSM - WSRA will be required to prepare and file on the Gold Crown on Arizona State Trust Land.
I believe a separate MOP will be required for the Gold Star as that is BLM land.
http://nmcinc.com/MOP%20Report%20-%20Final%20(12-31-09).pdf
Yes I noticed that SIRG trade and someone bet $18,597.22 on SIRG going up. That is a HUGE investment.
That shows a lot of confidence in SIRG and someone stole a ton of shares at a great price. No wonder I only got a small partial fill at that price.
There are a lot of new people posting on the SIRG board and today SIRG dropped enough to allow those ready to accumulate some really cheap shares. I only got a partial fill at .0055 before SIRG did a Superman leap back to .0085 and closed up 5%.
Owning SIRG is not for the faint of heart as many SIRG investors have millions of shares and their portfolios leap up and drop down. Been doing that for most of 2012 and SIRG is one of the best, if not the best performing junior mining stocks with that double in June.