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Quote....."I..I..I..I will be happy to talk with you about..........THAT.........off line....right now were yadda yadda bla bla ...about this n that "......Now you may think otherwise about the David M. Barnes / CFO KAT GOLD HOLDINGS / CDII issue.....and that's your right!.....BUT.....to date, none of the CDII nay sayers have come up with the type of firm that is described in the January PR describing the Major Mining Consultants.....And the word "THAT" from the conference call leads me to believe he knows exactly what that is! ...so I pose the question again!.... If not CDII.....THEN WHO????????????????????? ......now I may be wrong ...but my entire life experience of reading people from their voice and hesitations and insight tells me one thing. And that one thing is Abe asked a question that could not legally be discussed publically or otherwise!
SOON IS GOOD!.....I like soon.....soon like McDonalds soon?....Or Soon like a sit down seven course Dinner soon?.....Hummmm I wonder if it's soon like as soon as all thiese tax sell off folks are out and the "True faithfull Longs are in soon?" .... Well Splish Splash I will be takin a bath in a tub of Money if your right Splash!......"""HA""" :)
Lucky has copper ....Look where copper is headed ....Cabbot has Copper too
Buy low .....and today were havin a sale ! Copper Hovers Near Record .Article Comments more in Markets Main ».EmailPrintSave This ? More.
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NEW YORK—Comex copper futures set another intraday record before pulling back, as prices wavered between breaking new ground and retreating to more familiar levels.
The most actively traded contract, for March delivery, was recently down 0.1%, or 0.3 cent, at $4.3250 a pound on the Comex division of the New York Mercantile Exchange. The contract had set a fresh all-time high of $4.3320 earlier in the session.
The thinly-traded December-delivery contract was down 0.1%, or 0.55 cent, at $4.3185 a pound.
Red metal prices broke new ground as investors eyed higher prices across the metals complex. Buyers added to copper positions throughout Tuesday, with the number of copper contracts, or open interest, growing to 168,193 lots from 167,012 Monday.
Some investors purchase copper to gain cheaper exposure to the metals sector. With gold futures above the psychologically important $1,400 mark and silver prices above the $30 per troy ounce, copper is seen as a less expensive investment option. Copper open interest recently overtook silver, which had just 139,959 open lots Tuesday.
Low trading volumes augmented the supportive influence of investor appetite. Comex copper trading volumes have been extremely thin in the week between Christmas and the New Year as retail investors often take an extended vacation, while institutional investors wind down short term bets and prepare to re-enter the market in the New Year.
"We may see some heavy volatility in the first few days of the New Year that will gear us toward a new direction," said Jimmy Tintle, analyst at Transworld Futures.
Chile's copper output fell slightly in November also boosted red metal prices. Chilean copper production fell 0.3% to 467,478 metric tons in November from 468,778 tons a year earlier, a government statistics agency said Wednesday.
The decline was due to a prolonged strike at Dona Ines de Collahuasi, one of Chile's largest copper mines, which produces around 550,000 metric tons of copper each year.
Copper traders are also watching Collahuasi for news about its logistical troubles. A fatal accident at its port forced the company to suspend sales contracts while it looks for a new export facility.
The supply disruption is forecast to cut around 50,000 metric tons of copper from Collahuasi's 2011 output, according to estimates by Macquarie Bank.
Write to Tatyana Shumsky at tatyana.shumsky@dowjones.com
Copyright 2010 Dow Jones & Company, Inc. All Rights Reserved
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"KATX MUST NOW PROVE TO ME".... I think if your gunna stay in and stick around you and a few others will have to aquire a bit more patence. I am hopin a few others take off to add down her. I want to take advantage of thiese cheep prices !!
Also the PR reads hole two is felsic!.....If the entire area around hole 2 is a huge deposit of Gold and rees in a massive to semi-massive sulfide deposit .....thats just huge!
(REE) plus gold potential within altered peralkaline felsic volcanic rocks in
RR10-02........I am not makin this all up. That is what the PR reads...... I think someone could litterly fit a dozen Handcamps in to one Rusty Ridge. ....Everybody is concentrating on what the PR does not say........I say let's focus in on what it does!!!! PS: Gold is back up over 1.400 an oz!
" Prove It Now..".....Now?...really!....we all know this is mining.....it's not MacDonalds ....sheeesh......record prices for rees + tons more samples to test "due to high prices of ree" = samples not all back yet ........If Ken got 5% of the "give us a updaate.....give us a update ....give us a update" Posts from this board in his and Jacks in box my guess is, two weekes ago his in box would be jammed ........Shiested if he did a update and Shiested if he did not......Mining is slow....not Mickey-Dees!
One thing I have learned is Hole #1. is [ MALFIC ].....And hole #2. is [ FELSIC ]........
Intresting to note the simularitys in the Olympic Dam on the upper portion of this post along with the results so far that KAT released on the RR witch I posted below
Fluid Evolution and Origins of Iron Oxide Cu-Au Prospects in the Olympic Dam District, Gawler Craton, South Australia
Evgeniy N. Bastrakov and Roger G. Skirrow
Geoscience Australia, GPO Box 378, Canberra, A.C.T., Australia 2601
Garry J. Davidson
University of Tasmania, Private Box 79, Hobart, Tasmania, Australia 7001
Corresponding author: e-mail, evgeniy.bastrakov@ga.gov.au
Geologic observations suggest two stages of hydrothermal activity at a number of presently subeconomic iron oxide copper-gold systems in the Olympic Dam district, eastern Gawler craton. They contain high-, and moderate- to low-temperature Fe oxide-rich hydrothermal alteration. The mineral assemblages include magnetite-calc-silicate-alkali feldspar ± Fe-Cu sulfides and hematite-sericite-chlorite-carbonate ± Fe-Cu sulfides ± U, REE minerals. In all documented prospects, the minerals of the hematitic assemblages replace the minerals of the magnetite-rich assemblages.
The bulk of the subeconomic Cu-Au mineralization is associated with the hematitic alteration assemblages. Microanalysis by proton ion probe (PIXE) of hypersaline fluid inclusions in magnetite-rich assemblages, however, demonstrates that significant amounts of copper (>500 ppm) were transported by the early-stage high-temperature (>400°C) fluids responsible for the magnetite-rich alteration. These brine inclusions contain multiple solid phases (liquid + vapor + multiple solids) including chalcopyrite in some cases. In comparison, inclusions of the hematitic stage are relatively simple liquid + vapor types, with homogenization temperatures of 200° to 300°C and containing 1 to 8 wt percent NaCl equiv. The Br/Cl ratios of the magnetite-forming fluids measured by PIXE lie beyond the range of typical magmatic and/or mantle values, allowing for the possibility that the fluids originated as brines from a sedimentary basin or the crystalline basement.
Sulfur isotope compositions of chalcopyrite and pyrite demonstrate that sulfur in both alteration assemblages was derived either from cooling magmas and/or crystalline igneous rocks carried by relatively oxidized fluids (SO42– H2S, 34Ssulfides from –5 to +2) or from crustal sedimentary rocks (34Ssulfides from +5 to +10). Oxygen and hydrogen isotope compositions of waters calculated for minerals of the magnetite-rich assemblage have 18O values of +7.7 to +12.8 per mil and D values of –15 to –21 per mil. The only available 18O and Dfluid values for the hematitic assemblage are +4.7 and –9 per mil, respectively. The isotopic compositions of both fluids, coupled with the available literature data, can be explained in terms of fluid reequilibration with felsic Gawler Range Volcanics or other felsic igneous rocks in the region and with metasedimentary rocks of the Wallaroo Group at low water-to-rock ratios prior to their arrival at the mineralization sites.
The lack of significant copper mineralization associated with magnetite-forming fluids that carried copper suggests that there was no effective mechanism of saturation of copper minerals or the quantity of these fluids was not sufficient to produce appreciable copper mineralization. Association of the copper-gold mineralization with the hematitic alteration in the subeconomic prospects can be explained by a two-stage model in which preexisting hydrothermal magnetite with minor associated copper-gold mineralization was flushed by late-stage oxidized brines that had extensively reacted with sedimentary or metamorphic rocks. The reduction of these brines, driven by conversion of magnetite to hematite, resulted in precipitation of copper and gold. The oxidized brines may have contributed additional copper and gold to the system in addition to upgrading preexisting subeconomic Cu-Au mineralization. When compared to published models for the Olympic Dam deposit, the new data for fluids in subeconomic Fe-oxide Cu-Au prospects of the Olympic Dam district indicate the diversity of origins of iron oxide-copper-gold systems, even within the same geologic region.
This article has been cited by other articles:
J. James-Smith, J. Cauzid, D. Testemale, W. Liu, J.-L. Hazemann, O. Proux, B. Etschmann, P. Philippot, D. Banks, P. Williams, et al.
Arsenic speciation in fluid inclusions using micro-beam X-ray absorption spectroscopy
American Mineralogist, July 1, 2010; 95(7): 921 - 932.
[Abstract] [Full Text] [PDF]
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D. I. Groves, F. P. Bierlein, L. D. Meinert, and M. W. Hitzman
Iron Oxide Copper-Gold (IOCG) Deposits through Earth History: Implications for Origin, Lithospheric Setting, and Distinction from Other Epigenetic Iron Oxide Deposits
Economic Geology, May 1, 2010; 105(3): 641 - 654.
[Abstract] [Full Text] [PDF]
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R. G. Skirrow, R. G. Skirrow, and G. J. Davidson
A Special Issue Devoted to Proterozoic Iron Oxide Cu-Au-(U) and Gold Mineral Systems of the Gawler Craton: Preface
Economic Geology, December 1, 2007; 102(8): 1373 - 1375.
[Full Text] [PDF]
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N. G. Direen, N. G. Direen, and P. Lyons
Regional Crustal Setting of Iron Oxide Cu-Au Mineral Systems of the Olympic Dam Region, South Australia: Insights from Potential-Field Modeling
Economic Geology, December 1, 2007; 102(8): 1397 - 1414.
[Abstract] [Full Text] [PDF]
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R. G. Skirrow, R. G. Skirrow, E. N. Bastrakov, K. Barovich, G. L. Fraser, R. A. Creaser, C. M. Fanning, O. L. Raymond, and G. J. Davidson
Timing of Iron Oxide Cu-Au-(U) Hydrothermal Activity and Nd Isotope Constraints on Metal Sources in the Gawler Craton, South Australia
Economic Geology, December 1, 2007; 102(8): 1441 - 1470.
[Abstract] [Full Text] [PDF]
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G. J. Davidson, G. J. Davidson, H. Paterson, S. Meffre, and R. F. Berry
Characteristics and Origin of the Oak Dam East Breccia-Hosted, Iron Oxide Cu-U-(Au) Deposit: Olympic Dam Region, Gawler Craton, South Australia
Economic Geology, December 1, 2007; 102(8): 1471 - 1498.
[Abstract] [Full Text] [PDF] /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
KAT Exploration Inc. (PINKSHEETS: KATX) www.katexploration.com
KAT Exploration Inc. (PINKSHEETS: KATX) is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes completed at its 100% owned Rusty Ridge property. Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02.
Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole. Initial ICP analytical results indicated elevated lanthanum and cerium through several sections; these, along with other selected sections of the drill hole were sent for a complete suite of rare earth and associated elements. Results have been received for the upper section of the drill hole from 30 to 40.1m. The analyses indicate a 7.5m interval from 30.0 to 37.5m having elevated rare earth elements and zircon, returning a weighted average of 0.164% TREO (including yttrium) consisting of 0.113% LREO and 0.051% HREO (including yttrium). The results also returned 0.268% zirconium dioxide, 0.039% Nb2O5 (niobium oxide) and 0.022% rubidium. A table showing all analyses will be posted to our website in the near future. Additional samples are being analyzed for the rare earth and associated elements from other deeper sections of the hole and will be reported when received.
Hole RR10-01, approximately 500 meters south of RR10-02, was drilled to a depth of 719.3 meters to test a coincident gravity and magnetics anomaly. The hole intersected mafic volcanic rocks, conglomerates and mafic intrusive rocks that contain indications of sub-economic copper mineralization throughout most of the drill hole (including native copper and chalcopyrite). The conglomerate unit is also strongly hematite altered, which could explain the gravity anomaly. The upper part of the magnetics geophysical anomaly is coincident with a thick magnetic mafic dyke.
Ken Stead, President/CEO, states: "We are very encouraged by the presence of rare earth element rich rocks at Rusty Ridge and are eagerly awaiting the next batch of assays to find out just how consistent REE are at depth and if the grades improve. While there is much work yet to be carried out to determine the significance of this discovery, we feel we are in the very early stages of a most interesting project."
The property will be re-examined in light of potential for additional rare earth element mineralization. Further testing of the main Rusty Ridge zone as well as other targets including strong IP (Induced Polarization) anomalies, some of which are coincident with gravity anomalies, will be considered.
The property is located near roads, seaports and power infrastructure, improving the economics of any mineral deposits found.
Rare earth elements reported were analyzed by Acme Labs in Vancouver using their Group 4B analytical method, which produces accurate analyses of the rare earth and associated elements.
The Company's exploration work on the Rusty Ridge Project is supervised by Barry A. Sparkes, B.Sc. (Hons.), P.Geo. and J. Wayne Pickett, M.Sc. P.Geo., both members in good standing of the Professional Engineers and Geoscientists of Newfoundland and Labrador. Mr. Sparkes and Mr. Pickett have verified that the results presented above have been accurately summarized from the official assay certificates provided to the Company.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Kat Exploration Inc. to be materially different from the statements made herein.
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lets break it down ...one ...word ,,,,at...a...time.... Peralkaline
An igneous rock with less aluminum than sodium and potassium oxides combined. ---------------the next word is felsic ..Felsic
Term used to describe light-coloured rocks containing feldspar, feldspathoids and silica.
..............
.................................................................................................From Wikipedia, the free encyclopediaJump to: navigation, search
The word "felsic" is a term used in geology to refer to silicate minerals, magma, and rocks which are enriched in the lighter elements such as silicon, oxygen, aluminium, sodium, and potassium. The term combines the words "feldspar" and "silica". Felsic minerals are usually light in color and have specific gravities less than 3. Common felsic minerals include quartz, muscovite, orthoclase, and the sodium-rich plagioclase feldspars. The most common felsic rock is granite.
In modern usage, the term acid rock, although sometimes used as a synonym, refers to a high-silica-content (greater than 63% SiO2 by weight) volcanic rock, such as rhyolite. The term was used more broadly in older geologic literature. It is considered archaic now, as the terms "acidic" and "basic rock" were based on an incorrect idea, dating from the 19th century, that silicic acid was the chief form of silicon occurring in rocks.
The term felsic is related to, but not derived from, the German adjective "felsig" ("rocky").
http://www.geologyclass.org/Igneous%20Concepts.htm
PHOTO http://www.geologyclass.org/Igneou30.jpg
The Classification of Igneous Rocks by Color
Igneous rocks can be readily classified into three categories based on color: felsic, mafic, intermediate, and ultramafic. This color-based classification scheme may seem simplistic, but it turns out that a rock's color tells us much about its mineralogical makeup and overall composition.
Felsic rocks are rich in light-colored minerals (quartz, alkali feldspar, and some plagioclase feldspar). They are compositionally rich in Si, Na, Al, and K and poor in Fe and Mg (the dark-colored minerals biotite and amphibole are present, but only in minor amounts).
Peralkaline
An igneous rock with less aluminum than sodium and potassium oxides combined.
Hole RR10-02 intersected variably altered and mineralized peralkaline felsic volcanic rocks throughout the upper 245 meters of the 344 meter long hole. Initial ..............The above is from the begining of paregraaph #2 ..The below report can help explain what perkiline felsic volcanic rocks are .... Compositional Differences between Felsic Volcanic Rocks from the ...
Quaternary rift center felsic volcanic rocks are mainly peralkaline trachytes and rhyolites, ... Therefore, a restricted set of terms has been adopted here. Rock samples with SiO 2 ...
http://cc.bingj.com/cache.aspx?q=peralkaline+felsic+volcanic+rocks+mining+terms&d=4839238587387101&mkt=en-US&setlang=en-US&w=46513058,e4538bc2
Rusty Ridge does have Gold Pottential in hole #2 "plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02. Here also is the price of Gold now headed back up over 1400 per oz
http://www.kitco.com/images/live/gold.gif here is the entire paragraph ........."KAT Exploration Inc. (PINKSHEETS: KATX) is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes completed at its 100% owned Rusty Ridge property. Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02." .....Another point to point out is hole #2 is Felsic!..... Now those who remember Felsic historically better for Gold Content. And those who will remember the Geo reports done by the firm out of Vancover mention that RR could be a eather massive to semi massive sulvide deposit or granite ........Now I also know that in Austraillia they were drilling what they thought was another Olympic Dam style property and it turned out to be a lofe gold property. I remember that it stated that the key was the tempature it was formed at. Just some info for the ill informed!
Rusty Ridge does have Gold Potential in hole #2....I want to emphasize the word [potential] "plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02." Here also is the price of Gold now headed back up over 1400 per oz
here is the entire paragraph ........."KAT Exploration Inc. (PINKSHEETS: KATX) is pleased to inform its shareholders and the investment community that partial analytical results have been received from two diamond drill holes completed at its 100% owned Rusty Ridge property. Drilling tested two separate target areas: a deep coincident gravity and magnetics anomaly in drill hole RR10-01 and Rare Earth Element (REE) plus gold potential within altered peralkaline felsic volcanic rocks in RR10-02." .....Another point to point out is hole #2 is Felsic!..... Now those who remember Felsic historically better for Gold Content. And those who will remember the Geo reports done by the firm out of Vancouver mention that RR could be a either massive to semi massive sulfide deposit or granite ........Now I also know that in Australia they were drilling what they thought was another Olympic Dam style property and it turned out to be a lode gold property. I also remember that it stated that the key was the temperature it was formed at. Now I know there will be those who will poo poo this bit-o-dd ....But I am only going by what the report says.............. ... http://pr-usa.net/index.php?option=com_content&task=view&id=575462&Itemid=32
Kudos Abraham! Couldn't have said it better!
Let me help you out Dick, HERE'S YOUR SIGN!!!! Public Reply | Private Reply | Keep | Last Read Replies (4) | Next 10 | Previous | Next
Posted by: gump90
Date: Friday, April 16, 2010 1:48:18 PM
In reply to: pro-trader who wrote msg# 35076 Post # of 35093
BECAUSE .. This is a Quasi CANADIAN Company headquartered in Canada and run by Canadians who have put Canadian mineral properties into it. There was NO NEED to go Pink in the first place. Like .. WHY ????? You get a stigma automatically on Day one. The Pinks attract scams like honey attracts bees. AND scumbag people. Those properties are too good to be traded on the Pinks or the OTC.BB which is almost as scummy a place. And the Stead Brothers are too honorable to go Pink. I just cannot figure all this out. There may be some non-Canadian questionable people behind this. I just hope the Stead Brothers know what they are doing. I wish them well.
Please show your links to where he proves himself! Shall we say Kat 1,000's link to Gump 0 links... oh dear not so good!
Is that your link? Oh dear! That sucks!
So please show us where he has been correct about anything? Links would be a good way to start! Show me links and I will give you the world Good DD shows the truth... The truth will set you free!
Of course not Pro-trader ......If that had happened the shares would already be many dollars per share!.......and not under a nickel.....I believe thats why it's called Investing in the ......FUTURE! ...not "trading".. :) ..... Kat Exploration (OTC-Pink Sheets: KATX) is happy to report that its exploration program carried out this summer on its 100% wholly owned “Lucky” Property has been a real success.
Copper mineralization is quite visible in an old pit near a gravel road and impressive malachite staining along with chalcocite is strata bound within the more sandy beds of the sediments. The horizon that contains the mineralization has been traced for approximately 8 miles with copper mineralization at a thickness of 300ft in places. Assay results of 2.5% Cu were discovered in the most exposed areas within this horizon. The most recent work uncovered several large areas of semi-massive to well disseminated chalcopyrite approximately 4 miles on strike from the open pit which reveals the highest copper grades to date. This type of environment has the potential to produce low grade, large tonnage copper deposits similar to those of the Zambia copper belt. To secure an area of interest the company recently staked 1225 acres of new land mass where some recent grab samples produced copper results of .5% along with anomalous gold.
More ground work is planned for the Northern portion of the property where the most recent copper occurrences were discovered.
In its future endeavors the company would hope to ensure non-dilutive options where the merits of the projects will fund the operations. As one of the co-founders of Cornerstone Resources Inc., who had done joint ventures with major mining companies such as Noranda, Phelps Dodge, and other major companies, Mr. Stead is quite familiar with world class mining companies and is confident in bringing their interest to Kat’s projects as they move forward. Future press releases will provide more updates to confirm more guidance on the direction of the company.
http://ih.advfn.com/p.php?pid=nmona&cb=1267833742&article=40470975&symbol=NO%5EKATX
Let’s look out the front Windshield, instead of the rear view Mirror..... In the spirit of New Year arriving very soon!
sorry ....it was a general statment
You can call Kat Pink, Purple, Blue, Green, Red, White, But Folks won't forget this ... http://ih.advfn.com/p.php?pid=nmona&article=43197437&symbol=KATX ....................................... ''''HA''''........ Folks will call it Real
Again.....I did not get a -A- in Science....but it is hard to deny that this Scientific report from a reputable source describes BHP's Olympic Dam in much the same way as Kat PR speaks of Rusty http://econgeol.geoscienceworld.org/cgi/content/abstract/102/8/1415
Vale pays $2.5 billion for African iron ore deposits
http://www.reuters.com/article/idUSTRE63T46M20100430
this is Hematite http://en.wikipedia.org/wiki/Hematite This is a company with a large Hematite deposit. Hematite is what IORN is made out of -FE- Rustys PR sounds to me like it's Hematite rich! http://www.african-minerals.com/Corporate/Home.aspx?id=2 Please watch the video as they fly over the Mountian deposit it is clear they show up as --FE-- = Hemitate! http://www.african-minerals.com/Corporate/Operations/Tonkolili_Iron_Ore_Project/Tonkolili_Iron_Ore_Flyover_video/default.aspx?id=849 So call me Krazy ....but in the Kat PR it mentions how close the Sea Ports are...... now watch the end of the Video and you will see they are planning to build sea ports as well........ guess where the ships are headded to?.......Did you guess China?.....yep China.......Oh buy the way......Vale also has about a dosen IORN mines scattered through out the world dont forget to watch the Vid http://www.african-minerals.com/Corporate/Operations/Tonkolili_Iron_Ore_Project/Tonkolili_Iron_Ore_Flyover_video/default.aspx?id=849 Vale IORN Mines http://www.google.com/search?q=Vale+Iorn+Mines&rlz=1I7WZPA_en&ie=UTF-8&oe=UTF-8&sourceid=ie7 .""This project is yet another indication of Vale's bullish views on the longevity of the iron ore pricing cycle, and the structural iron ore story," ""..... http://www.reuters.com/article/idUSTRE63T46M20100430
If in the Scientific Report on the O.D. Olympic Dam it also calles it "Sub Econimic" Copper.....how does the term "Sub Econimic" ....relate or translate in to a BAD THING when the Kat pr uses the exact same term as this scientific description of Olympic Dam?.... both speak of Hemmitate ....check......both speak of FE.....check.....Both also speak of "sub econimic copper" .. I do not know all the aynsers.....but I do like the PR much more than I did last thursday as it relates to the word sub econimic copper that is for sure......
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Articles
Fluid Evolution and Origins of Iron Oxide Cu-Au Prospects in the Olympic Dam District, Gawler Craton, South Australia
Evgeniy N. Bastrakov and Roger G. Skirrow
Geoscience Australia, GPO Box 378, Canberra, A.C.T., Australia 2601
Garry J. Davidson
University of Tasmania, Private Box 79, Hobart, Tasmania, Australia 7001
Corresponding author: e-mail, evgeniy.bastrakov@ga.gov.au
Geologic observations suggest two stages of hydrothermal activity at a number of presently subeconomic iron oxide copper-gold systems in the Olympic Dam district, eastern Gawler craton. They contain high-, and moderate- to low-temperature Fe oxide-rich hydrothermal alteration. The mineral assemblages include magnetite-calc-silicate-alkali feldspar ± Fe-Cu sulfides and hematite-sericite-chlorite-carbonate ± Fe-Cu sulfides ± U, REE minerals. In all documented prospects, the minerals of the hematitic assemblages replace the minerals of the magnetite-rich assemblages.
The bulk of the subeconomic Cu-Au mineralization is associated with the hematitic alteration assemblages. Microanalysis by proton ion probe (PIXE) of hypersaline fluid inclusions in magnetite-rich assemblages, however, demonstrates that significant amounts of copper (>500 ppm) were transported by the early-stage high-temperature (>400°C) fluids responsible for the magnetite-rich alteration. These brine inclusions contain multiple solid phases (liquid + vapor + multiple solids) including chalcopyrite in some cases. In comparison, inclusions of the hematitic stage are relatively simple liquid + vapor types, with homogenization temperatures of 200° to 300°C and containing 1 to 8 wt percent NaCl equiv. The Br/Cl ratios of the magnetite-forming fluids measured by PIXE lie beyond the range of typical magmatic and/or mantle values, allowing for the possibility that the fluids originated as brines from a sedimentary basin or the crystalline basement.
Sulfur isotope compositions of chalcopyrite and pyrite demonstrate that sulfur in both alteration assemblages was derived either from cooling magmas and/or crystalline igneous rocks carried by relatively oxidized fluids (SO42– H2S, 34Ssulfides from –5 to +2) or from crustal sedimentary rocks (34Ssulfides from +5 to +10). Oxygen and hydrogen isotope compositions of waters calculated for minerals of the magnetite-rich assemblage have 18O values of +7.7 to +12.8 per mil and D values of –15 to –21 per mil. The only available 18O and Dfluid values for the hematitic assemblage are +4.7 and –9 per mil, respectively. The isotopic compositions of both fluids, coupled with the available literature data, can be explained in terms of fluid reequilibration with felsic Gawler Range Volcanics or other felsic igneous rocks in the region and with metasedimentary rocks of the Wallaroo Group at low water-to-rock ratios prior to their arrival at the mineralization sites.
The lack of significant copper mineralization associated with magnetite-forming fluids that carried copper suggests that there was no effective mechanism of saturation of copper minerals or the quantity of these fluids was not sufficient to produce appreciable copper mineralization. Association of the copper-gold mineralization with the hematitic alteration in the subeconomic prospects can be explained by a two-stage model in which preexisting hydrothermal magnetite with minor associated copper-gold mineralization was flushed by late-stage oxidized brines that had extensively reacted with sedimentary or metamorphic rocks. The reduction of these brines, driven by conversion of magnetite to hematite, resulted in precipitation of copper and gold. The oxidized brines may have contributed additional copper and gold to the system in addition to upgrading preexisting subeconomic Cu-Au mineralization. When compared to published models for the Olympic Dam deposit, the new data for fluids in subeconomic Fe-oxide Cu-Au prospects of the Olympic Dam district indicate the diversity of origins of iron oxide-copper-gold systems, even within the same geologic region.
This article has been cited by other articles:
J. James-Smith, J. Cauzid, D. Testemale, W. Liu, J.-L. Hazemann, O. Proux, B. Etschmann, P. Philippot, D. Banks, P. Williams, et al.
Arsenic speciation in fluid inclusions using micro-beam X-ray absorption spectroscopy
American Mineralogist, July 1, 2010; 95(7): 921 - 932.
[Abstract] [Full Text] [PDF]
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D. I. Groves, F. P. Bierlein, L. D. Meinert, and M. W. Hitzman
Iron Oxide Copper-Gold (IOCG) Deposits through Earth History: Implications for Origin, Lithospheric Setting, and Distinction from Other Epigenetic Iron Oxide Deposits
Economic Geology, May 1, 2010; 105(3): 641 - 654.
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R. G. Skirrow, R. G. Skirrow, and G. J. Davidson
A Special Issue Devoted to Proterozoic Iron Oxide Cu-Au-(U) and Gold Mineral Systems of the Gawler Craton: Preface
Economic Geology, December 1, 2007; 102(8): 1373 - 1375.
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N. G. Direen, N. G. Direen, and P. Lyons
Regional Crustal Setting of Iron Oxide Cu-Au Mineral Systems of the Olympic Dam Region, South Australia: Insights from Potential-Field Modeling
Economic Geology, December 1, 2007; 102(8): 1397 - 1414.
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R. G. Skirrow, R. G. Skirrow, E. N. Bastrakov, K. Barovich, G. L. Fraser, R. A. Creaser, C. M. Fanning, O. L. Raymond, and G. J. Davidson
Timing of Iron Oxide Cu-Au-(U) Hydrothermal Activity and Nd Isotope Constraints on Metal Sources in the Gawler Craton, South Australia
Economic Geology, December 1, 2007; 102(8): 1441 - 1470.
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G. J. Davidson, G. J. Davidson, H. Paterson, S. Meffre, and R. F. Berry
Characteristics and Origin of the Oak Dam East Breccia-Hosted, Iron Oxide Cu-U-(Au) Deposit: Olympic Dam Region, Gawler Craton, South Australia
Economic Geology, December 1, 2007; 102(8): 1471 - 1498.
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Copyright © 2010 by Society of Economic Geologists
LOOOKEY LOOOKEY WHO FOUND THE COOKIE........OLYMPIC DAM ALSO HAS ..." subeconomic iron oxide copper"......""presently subeconomic iron oxide copper-gold systems in the Olympic Dam district, eastern Gawler craton. They contain high-, and moderate- to low-temperature Fe oxide-rich hydrothermal alteration.""......................COOKIE #2. BOTH HAVE F.E. "Fe" .......................COOKIE #3. ...BOTH HAVE - hematite-......... So everybody was freeked out about the word .........SUB.......in the KAT RR PR ...only to find out now ..........here is a scientific report from 2007 with much the same discriptions of the Olympic Dam Deposit that Kat has within the Rusty Ridge PR......... Now I did not get a -A- in Science class ......BUT!....... :) Here is the link see for your self http://econgeol.geoscienceworld.org/cgi/content/abstract/102/8/1415 ""The reduction of these brines, driven by conversion of magnetite to hematite, resulted in precipitation of copper and gold. The oxidized brines may have contributed additional copper and gold to the system in addition to upgrading preexisting subeconomic Cu-Au mineralization. When compared to published models for the Olympic Dam deposit, the new data for fluids in subeconomic Fe-oxide Cu-Au prospects of the Olympic Dam district indicate the diversity of origins of iron oxide-copper-gold systems, even within the same geologic region.""
Defuser is a friend I trust and believe. His company brings companys public. What I mean by that is his reading of what was going on while watching level II is one I trust and believe "I was on the phone with him at the time". His take on the events of thursday is one you should hear first hand. I have only a few experiienced traders I believe. Big Owl and Defuser are two of them.
""SO OK, let's hope we can draw a line under last week's debacle and move forwards."".....Good and I agree! :) Life is like a Car ride, Going Forward and looking to the Future is always more fun that cranking your head around and looking out the rear view mirror "Especially if you broke your Neck -C 1- in 97 like I did, the fact that I am able to move my limbs at all is a miracle!" .....Cheers to the New Year! The Future awaits us all.
""Stating that there are "delays" is not a valid explanation ""......Of course their are delays! We all watch the news the fact is the entire green agenda requires rare earths. I read mine web and the % rise in the value rare earths have risen far out numbers that od gold or silver. A ten year old could put ot together that many drillers drilling much more for the crucial substance have been sending more and more to a limited number of labs. Batteries for green cars require rare earths, Generators for green wind turbines require rare earths. The US Federal government as we speek is about to say China is violating treatys and trade agreements due simply the supply and demand of rare earths.......if you don't believe me Google the words above ...any combination will do!....... Of course the labs backed up....all of them are. http://news.cnet.com/8301-11128_3-20021139-54.html http://www.understandingchina.eu/Default.aspx?tabid=1022 CustomsReference
http://www.customsdoc.com/
December 25, 2010 SEASON'S GREETINGS TO ALL!
December 24, 2010 China and U.S. The U.S. said China failed to implement “important commitments” under its obligations to the World Trade Organization, and said it may file a complaint over that nation’s restraints on exports of rare earths. China is using “excessive, trade-distorting government intervention” to the disadvantage of American companies, the U.S. Trade Representative’s office said today in its annual report on China’s compliance with WTO rules. Trade tensions have increased as China reported a record $153.3 billion of exports for November and U.S. lawmakers called for legislation on Chinese imports to combat any advantages from what they say is an undervalued yuan. The U.S. filed a WTO complaint against China yesterday, contending that favoritism toward domestic-made wind turbines is an unfair trade barrier. Among issues highlighted today were China’s export constraints on minerals such as magnesium, silicon, zinc and rare earths. December 23, 2010 China wind power. The U.S. has filed a complaint with the World Trade Organization over support China provides its wind-energy manufacturers, acting on a petition brought by the United Steelworkers union. China’s Special Fund for Wind Power Manufacturing requires recipients of aid to use Chinese-made parts and amounts to a subsidy, both of whic h violate WTO rules, the U.S. Trade Representative’s office said today. “These subsidies effectively operate as a barrier to U.S. exports to China,” U.S. Trade Representative Ron Kirk said in an e-mailed statement. The case “underscores our commitment to ensuring a level playing field with China for American workers and businesses.” The case escalates commercial strains between the U.S. and China, its second-largest trading partner, a month before President Hu Jintao is scheduled to visit Washington. The case filed yesterday was one slice of a complaint filed with the U.S. trade office on Sept. 9 by the Steelworkers union. The union said export credits, preferences in bidding, forced transfers of technology and discrimination against firms outside the country give Chinese producers of renewable-energy products an unfair advantage. The union also said China’s restrictions on rare-earth exports provides an unfair advantage to its green-energy manufacturers, which rely on those elements. December 22, 2010 EU and China. China and the European Union agreed to work towards sustainable and balanced growth, Chinese Vice Premier Wang Qishan said at a China-EU summit held yesterday. Officials from China and the EU also agreed to exercise prudence in adopting trade remedies and to push for comprehensive and balanced outcomes for the World Trade Organization’s Doha Round of negotiations at an early date, Wang said. It’s important to oppose all forms of protectionism, he stated at the summit in Beijing. China and the EU also agreed to speed up a feasibility study on a bilateral investment treaty and reiterated the importance of stepping up coordination and cooperation in the G20, Wang said. An agreement on customs cooperation was also signed at the meeting, he said.
December 21, 2010 WTO report. The Department of Trade Negotiations and World Trade Organization at the Ministry of Foreign Trade (MoFT) of the United Arab Emirates examined a recent report by the World Trade Organization on the latest anti-dumping investigations and measures, as part of the Ministry's efforts to follow up reports by the international organization.
According to the report which was released early December, the number of anti-dumping investigations initiated in the first half of 2010 dropped by 29 per cent , compared with the corresponding period in 2009, the World Trade Organization (WTO). The drop resulted in a decrease in the number of new measures applied during the first half of 2010 as compared with the first half of 2009.
A total of 69 new investigations were initiated by 19 countries in the first half of the year (January to June), compared with 97 investigations reported by 18 WTO member countries in the corresponding period of 2009. 14 WTO member countries reported applying 59 new anti-dumping measures during the first semester of 2010, with a decrease of 5 per cent from the 62 new measures reported by 16 Member countries for the corresponding period of 2009. 15 new investigations were opened by WTO's developed member countries and 10 out of 59 new final measures were applied by developed member countries during the first half of 2010. This compares with 15 new investigations begun and 15 new measures applied by developed Member countries during the first half of 2009.
The WTO's new report noted that WTO member countries reporting the highest number of new initiations during January - June 2010 were India, reporting 17 new initiations, followed by the European Union, reporting 8 new initiations, Argentina (7), Brazil (5). Other Member countries reporting most initiations were Australia and China (4 each), Indonesia and Korea (3 each), Colombia, Thailand and the United States (2 each), and Canada, Chile, Jamaica, Mexico, Chinese Taipei, Turkey and Ukraine (1 each).
The figures presented by the WTO's report show increases for India, the European Union, Brazil and Israel, and declines for Argentina, China, Indonesia, Colombia, the United States, Canada, Turkey and Ukraine. The number of initiations by Australia and Mexico remained unchanged compared with the numbers reported for January - June 2009. Chile, Jamaica, Korea, Chinese Taipei and Thailand, which did not report new initiations for January - June 2009, reported new initiations for the first semester of 2010, while Costa Rica, Pakistan, Peru and South Africa, which reported new initiations for the first half of 2009, did not report new initiations for the first half of 2010.
December 20, 2010 Brazil. After the U.S. Senate voted December 15 in favor of the Obama Administration’s tax bill, Brazil’s sugar industry said it will now press the new incoming government in the South American country to challenge U.S. government supports for ethanol. The Brazilian Sugarcane Industry Assn. (UNICA) said in a press statement issued December 15 in Sao Paulo the tax bill approved by the US Senate in an 81-19 vote “maintains ethanol subsidies and a US$0.54 per gallon tariff on imported ethanol.”
"Despite calls from across the country – including nearly 100 newspaper editorials, over 80,000 letters from clean energy advocates, and opposition from a bipartisan group of senators and one of the broadest coalitions imaginable – the U.S. Senate voted today to extend the subsidies and trade protection for U.S. ethanol producers for one more year,” UNICA President Marcos Jank said. “While we were disappointed with today's outcome, and the expected rubber stamp by the U.S. House of Representatives, we know that the days of ethanol subsidies and trade protection are near the end, either because they will expire at the end of 2011 or as a result of litigation at the World Trade Organization (WTO).”
The industry group said it has been trying to work with U.S. industry and lawmakers for three years to try to reform American ethanol programs to “reduce trade distortions,” and “avoid trade conflict.” “After being rebuffed twice – first in the Bush Administration's 2008 Farm Bill and now apparently during the Obama lame duck negotiations – it is clear that the United States is not committed to open and fair trade in clean energy, particularly ethanol,” UNICA said. Now it is time for the new government due to take power in Brazil at the start of the new year to launch a dispute against the U.S. ethanol program at the World Trade Organization, Jank’s group said.
December 17, 2010 Costa Rica and Dominican Republic. Costa Rica’s government has asked the World Trade Organization (WTO) to establish an arbitration panel to solve the dispute with the Dominican Republic over tariffs levied on the Central American nation’s industrial products. Costa Rica’s Foreign Trade Ministry said in a statement it requests arbitration "against the safeguard measures imposed by Dominican Republic on the imports of polypropylene sacks and tubular weaves from Costa Rica." The safeguards consist of a 38% import duty to last 18 months, starting last October 18, which allegedly violates WTO rules and the Central America, Dominican Republic, U.S. free trade deal (DR-Cafta). Costa Rica states that the 60 day period issued to the countries to solve the deadlock expired without results. “The objective of the panel will be to examine the measure at issue and define if the safeguard imposed violates WTO rules." Costa Rica said it expects other Central American countries will join the litigation in the next few days, because they are also affected. Data from Costa Rican reveal that it has exported 6.5 million dollars worth of tubular weaves and polypropylene sacks to Dominican Republic under the trade deal in the last three years. In 2009 Costa Rica’s exports to Dominican Republic topped 191 million dollars, and imported 30 million dollars worth from the Caribbean nation.
December 16, 2010 WTO. World Trade Organization chief Pascal Lamy said Tuesday that the "final countdown" had begun on talks for a free trade pact, noting that there was new energy to conclude the Doha Round in 2011. "Although we still have important challenges ahead of us, I sense a new energy and a determination among all participants to ensure that we grasp the narrow, but real opportunity to conclude the Round next year," said Lamy, the WTO's director general. "I genuinely sense that the final countdown has begun. It is up to everyone to make sure that it ends in a successful lift off." Launched 10 years ago in the Qatari capital, the Doha Round of negotiations between the WTO's 153 member nations or trade blocs have repeatedly foundered on trenchant disagreements and missed deadlines. The last major push for a deal was launched in July 2008, but the initiative collapsed as developing and industrialized nations failed to agree on lowering tariffs on industrial goods and cutting subsidies on agricultural products.
December 15, 2010 China. Judging by the din at its factory here one recent day, the Spanish company Gamesa might seem to be a thriving player in the Chinese wind energy industry it helped create. But Gamesa has learned the hard way, as other foreign manufacturers have, that competing for China's lucrative business means playing by strict house rules that are often stacked in Beijing's favor. Nearly all the components that Gamesa assembles into million-dollar turbines here, for example, are made by local suppliers — companies Gamesa trained to meet onerous local content requirements. And these same suppliers undermine Gamesa by selling parts to its Chinese competitors — wind turbine makers that barely existed in 2005, when Gamesa controlled more than a third of the Chinese market. But in the five years since, the upstarts have grabbed more than 85 percent of the wind turbine market, aided by low-interest loans and cheap land from the government, as well as preferential contracts from the state-owned power companies that are the main buyers of the equipment. Gamesa's market share now is only 3 percent. With their government-bestowed blessings, Chinese companies have flourished and now control almost half of the $45 billion global market for wind turbines. The biggest of those players are now taking aim at foreign markets, particularly the United States, where General Electric has long been the leader.
December 14, 2010 Yemen and U.S. Yesterday, Yemen and the US signed in Geneva, Switzerland, the bilateral agreement to finalize the requirements of Yemen to joint the World Trade Organization (WTO). The agreement was initially signed in Washington last May after six-year negotiation between Yemen and the USA. It is the ninth one after singing equivalent agreements with China, European Union's States, Canada, Australia, Japan, South Korea, Honduras and Salvador. The agreement was signed by the Yemen permanent representative to United Nations (UN) European Headquarters in Geneva Ibrahim al-Adofi and US Deputy Chief of Mission to WTO David Shark. After signing the agreement, Shark renewed his country's support to Yemen's accession to the WTO.
December 13, 2010 Serbia and South Korea. Serbian and South Korean officials have signed a protocol on liberalization of the goods and services market between the two countries. The document was signed by Serbian Economy Minister Mladan Dinkic and Ambassador of the Republic of South Korea to Serbia Kim Jonghae in Belgrade. The protocol is part Serbia's process of accession to the World Trade Organization (WTO). Dinkic said that South Korea is the fourth country that Serbia signed the protocol with, adding that in the following months the country will sign agreements with other WTO members as well. “The goal is to complete all talks and sign protocols with all relevant WTO members during 2011,” Dinkic pointed out, but could not precise when Serbia will become a full WTO member. Serbia launched the process of the WTO accession in 2005.
December 10, 2010 EU and Russia. Russian President Dmitry Medvedev’s trip to Europe this week has improved his country’s relations with the Continent and brought Russia closer to joining the World Trade Organization (WTO). Medvedev visited Brussels for an EU-Russia summit on December 7, where he signed a bilateral trade agreement between Russia and the European Union, agreed last month. European Commission President José Manuel Barroso called the agreement “a milestone.” Russia has been negotiating to join the WTO for 17 years, and is the only large nation not a part of the 153-member group. At a press conference Barroso said that “We expect Russia to join the WTO next year.” Russia came to a similar agreement with the United States in September, meaning that few obstacles bar it from WTO membership. The agreement commits Russia to phase out lumber and other raw material tariffs. There are still some other areas in which the EU wants Russia to change—such as its practice of banning European meat on a seemingly arbitrary basis, citing health laws as an excuse.
December 9, 2010 Russia. The European Union and Russia have reached an agreement on trade issues that paves the way for Moscow's entry into the World Trade Organization as early as next year. The deal opening the way for Russia's membership to the World Trade Organizations was reached during wide-ranging talks between European Union officials and Russian President Dmitry Medvedev in Brussels. They underscore warming ties between the two sides after divisions over the 2008 Russia-Georgia conflict. The European Union permanent President Herman Van Rompuy announced the breakthrough at a press conference. "We agreed that we should now focus on the multi-lateral negotiations so that Russia can become a member of the WTO as soon as possible. This is a paramount step forward. And a step the world is closely watching." Moscow is the European Union's third-biggest trading partner and the only major one that is not a member of the World Trade Organization. As a result, it must settle differences through bilateral negotiations with separate states. Russia received U.S. backing for its WTO membership in October, after 17 years of negotiations, and hopes to join the trading block in 2011.
December 8, 2010 Armenia. Yesterday the World Trade Organization’s (WTO) Commission on Government Procurements approved Armenia’s joining the Commission, the press office of Armenian Economy Ministry reports. Varos Simonian, head of an economy ministry department in charge of international economic cooperation, and Karen Brutian, head of a department in the ministry of finance overseeing government procurements, are in Geneva, Switzerland, for the session. WTO Secretary General Pascal Lamy welcomed Armenia’s joining the agreement saying the Armenian authorities’ government procurement policy is in tune with WTO’s general principles. When joining WTO in 2003 Armenia committed to join its Commission on Government Procurements. The process was launched in 2009. A special task force was set up in Armenia to handle the process. It has submitted to WTO Secretariat a plan of primary proposals. Armenian delegations attended the Commission’s gathering in 2009 December as well in February, July and October 2010. It has also concluded a set of successful negotiations with WTO member countries USA, Switzerland, EU, Japan, Norway and Singapore.
December 7, 2010 WTO. The World Trade Organization (WTO) issued a report on Monday, saying that the Anti-Dumping (AD) investigations worldwide decreased by 29 percent in the first half of 2010, compared with the corresponding period of 2009. According to the report, 69 new AD investigations were registered from 19 WTO Members, compared with 97 new investigations reported by 18 members for the same period of 2009. New measures applied also saw reduction in the same period. The world trade regime said, a total of 14 Members reported applying 59 new anti-dumping measures on the first half of 2010, compared with the 62 new measures reported by 16 Members for the same period of 2009, representing a 5 percent drop. The report shows India leading the initiators of AD investigation, with 17 new cases introduced in the period, followed by European Union with 8 cases. On the target-side of AD investigations, China was still the most influenced victim of the new investigations, the WTO said, with 23 new AD initiations directed at its exports, despite a 30 percent fall from the 33 new investigations launched towards the country during the first half of 2009. In the second and third place are the EU and the U.S., with 11 cases and 5 cases respectively. Statistics show that China was the world's second largest exporter in 2009, with a total export volume of 1,200 billion U.S. dollars. And the EU was on top of the chart exporting at 1,525 billion dollars in 2009.
December 6, 2010 Russia. Russia is going to lower its round wood export duties significantly as soon as the country has joined the World Trade Organization (WTO) says Igor Shuvalov, Russia's first Deputy Prime Minister. A joint statement issued by the EU and Russia claims that agreement had been reached on all previously unsolved questions, including the round wood duties. According to information from European timber industry associations, the current duties on certain round wood grades are to be lowered by 50-75%.
December 6, 2010 China. China has appealed against a ruling by a World Trade Organization panel upholding the right of the United States to impose extra duties on Chinese goods that Washington said were unfairly priced and subsidized. The appeal, launched on Dec. 1 in the complex case involving treatment of goods from a country that is not a market economy and where the state influences prices, demonstrates China's increasing assertiveness in the global trading system. China had challenged the way the United States calculated the duties and the fact that it suffered a double penalty of anti-dumping duties for unfairly priced goods and countervailing duties for subsidized products. But the original ruling published on Oct. 22 had backed the right of an importer to set duties on goods from non-market economies to compensate for unfair pricing and for subsidies - something a U.S. court had previously struck down. The two-year-old dispute involved duties imposed by the United States on imports of Chinese steel pipes, off-road tires and woven sacks.
December 6, 2010 Russia and EU. Russia and the European Union hope to bury a series of rows which had clouded Russia's bid to join the World Trade Organization (WTO) at a summit on Tuesday, diplomats in Brussels say. Russia first applied to join the WTO 17 years ago, but a series of bilateral spats - not exclusively with the EU - and its decision to launch a customs union with Belarus and Kazakhstan at the beginning of this year has forced the pace of progress to a crawl. But Russia and the EU are to sign a 'memorandum of understanding' (MoU) which sets the terms for the closure of all purely EU-Russia bilateral disputes on the margins of the summit in Brussels, diplomats said. The two sides have long clashed over Russia's pricing policies for wood exports and railway tariffs. EU states, especially Finland and the Baltics, say that the policies unfairly overcharge EU firms to give Russian rivals a boost. The two sides have now agreed that Russia will progressively phase out all discriminatory tariffs, officials in Brussels said. They have also agreed upon the time period in which this will be done, but the details are a secret, officials said. The signature of the agreement would end the EU's direct objections to Russian accession. However, EU officials said that the bloc still wants to see Russia revise its industrial subsidies policy and its application of health rules for food imports.
December 3, 2010 World Trade. The value of trade in goods in the third quarter this year rose by 18 per cent compared to the same period in 2009, the World Trade Organization reported Wednesday. This was a decline from the 26-per-cent increase registered year- on-year in the second quarter of 2010. The figures are based on statistics from dozens of countries that together make up about 90 per cent of world trade. From January to September this year, trade expanded by 23 per cent, but was still below its peak, prior to the world economic crisis, according to the Geneva-based commerce body. Global merchandise exports were about 3 percent higher from July through September than in the previous three-month period. WTO short-term merchandise trade values are expressed in 'current' US dollars, not taking into account inflation. They are not seasonally adjusted. The WTO raised its outlook in September, predicting 13.5 per cent merchandise trade volume growth for 2010 and did not revise the figure in its latest update.
December 2, 2010 Canada and South Korea. The Canadian beef industry is cautiously optimistic that Canada and South Korea will resolve a seven-year-old beef trade dispute outside of the World Trade Organization, a top official has stated. South Korea is the only country maintaining its ban on Canadian beef since an outbreak of bovine spongiform encephalopathy (BSE), or mad cow disease, in 2003. Canada, the third-largest beef exporter, has complained to the WTO that the ban is unfair, however a ruling is not expected before summer and the ultimate conclusion may be years away. Canadian and South Korean officials have continued talking outside the WTO process.
December 1, 2010 Doha. Political leaders want negotiators to deliver them a global trade deal next year and the clock has started ticking on intensified talks, the head of the World Trade Organization said yesterday. WTO Director-General Pascal Lamy said the G20 and APEC summits this month had signaled they wanted the nine-year-old Doha round concluded and 2011 was a window of opportunity. "We have the political signal, we have the technical expertise and we have the work program," Lamy told a WTO meeting called to review the state of the Doha talks. "The final countdown starts now." The talks, launched nine years ago this month to open up world trade and help developing countries prosper through increased commerce, have been stalled for two years. But a series of brainstorming contacts among WTO ambassadors in recent months has suggested ways of breaking the deadlock. At a meeting of the WTO's Trade Negotiations Committee, Lamy laid out a program of intensified work for the coming months, starting in December, endorsed by almost all 153 members.
November 30, 2010 Russia and EU. Russia and the European Union will sign a document next week on Russia's accession to the World Trade Organization (WTO), following the results of bilateral negotiations on the issue, EU delegation to Russia head Fernando Valenzuela stated yesterday. The document is expected to be signed at a Russia-EU summit, which will be held on December 7. Valenzuela said Russia and the EU had achieved a considerable breakthrough at their negotiations on Russia's entry into the world trade club, resolving all their bilateral issues. The issues that remained were multilateral and needed to be discussed in a multilateral format, he said. Valenzuela said the Russia-EU summit would seal this breakthrough and complete bilateral negotiations. The summit will also give a new impetus to the negotiations on a new agreement between Russia and the European Union, including partnership for modernization between Russia and the EU.
November 30, 2010 New Zealand, Australia and WTO. New Zealand should now be able to resume apple exports for the first time since 1921 to its biggest trading partner after the World Trade Organization top court ruled on Monday that Australia's 89-year-old ban on imports of Kiwi apples are unscientific and break international trade rules. Australia has been restricting the entry of New Zealand apples since 1921 after the bacterial disease fireblight was found in orchards there. But New Zealand argued that the restrictions, revised in 2006, were unscientific. "The appeal report upholds the thorough analysis undertaken by the WTO dispute panel around risk assessment and the science at issue," New Zealand Trade Minister Tim Groser said in a statement. "These findings settle any debate. This is good news for New Zealand apple exporters," he said. The victory for New Zealand should also clear the way for sales to other markets where its fruit is also restricted.
November 29, 2010 Doha. Ambassadors at the World Trade Organization, heeding a call from leaders at the G20 and APEC summits, have agreed to push for an outline deal in the long-stalled Doha trade round by next summer. They face the challenge of translating their upbeat rhetoric into negotiating reality if the new target is not simply to join a long list of missed deadlines in the Doha talks. Leaders of the G20 rich and emerging economies in Seoul this month called for a conclusion of the Doha round to bolster economic recovery and resist protectionism, saying 2011 offered a narrow window of opportunity for a deal. Leaders of the Asia-Pacific group APEC issued a similar call a few days later. That followed several months in which ambassadors at the WTO got together in small groups to brainstorm on the issues holding up a deal in Doha, launched in November 2001 to open up global commerce and help poor countries prosper through trade.
November 29, 2010 Yemen and Salvador. Friday Yemen signed a bilateral agreement with Salvador for its accession into the World Trade Organization. The agreement was signed by permanent representatives of both countries to the UN in Geneva after talks between their delegations on the margins of the eighth official meeting of the special working team on the accession. After the signing, Yemen's representative Ibrahim al Adoufi said the agreement came within strengthening the bilateral links between Yemen and Salvador in all areas.
November 26, 2010 U.S. farm subsidies. There are few places in the world where farming is a truly free market activity - least of all the United States. A new report finds that $62 of every $100 that U.S. farmers earn comes from one level of government or another. In 2009, that added up to a staggering $180.8-billion (U.S.). The report identified a number of indirect subsidies to U.S. farmers via programs for irrigation, export credits, nutrition food aid and loan guarantees. Nearly $20-billion of the $180.8-billion flows to U.S. dairy farmers, or fully half of their revenues, according to Mr. Clark, a Canadian trade consultant. He concludes that global and regional trade talks are doomed to failure as long as “rampant, misclassified and unreported domestic” subsidies persist. To be fair, Canadian farmers also enjoy massive subsidies - from government, and in the case of dairy farmers - from consumers. Domestic producers of milk, cheese, eggs and chickens are protected behind a high tariff wall that inflates the price of imports, indirectly pushing up the price of products produced in Canada. Canada has been shut out of the Trans-Pacific Partnership talks, apparently because it refuses to put these “supply managed” sectors on the table. The United States, Australia and New Zealand have long pushed for Canada to dismantle its tariff regime.
November 25, 2010 U.S. celebrates Thanksgiving.
November 24, 2010 Serbia. Serbia will join the World Trade Organization (WTO) next year, Vice-President of the Serbian Chamber of Commerce Mihailo Vesovic has stated. During a public debate on the draft strategy for the development of intellectual property, he said that Serbia is also expected to become a candidate for European Union membership in 2011, which will accelerate some processes. CEFTA is the framework in which greater attention should focus on intellectual property, as the economy benefits from that sector, he said. The Serbian government expects the strategy to be adopted in December.
November 24, 2010 Russia and EU. Russian and EU officials Wednesday, will discuss Russia's accession to the World Trade Organization (WTO), a source close to the talks said. A Russian delegation headed by First Deputy Prime Minister Igor Shuvalov will meet with President of the European Commission Jose Manuel Barroso and other top EU officials in Brussels. Russia, the only major economy outside the global trade body, has been negotiating WTO membership for 17 years, although the average accession period is only five to seven years. Russia's Minister of Economic Development Elvira Nabiullina earlier said the talks would focus on the issue of export duties on lumber, which remains a stumbling block in Russia's WTO negotiations. Russia expects to join the World Trade Organization (WTO) in 2011.
November 23, 2010 The Bahamas. More than 400 issues need to be addressed by The Bahamas as a part of the accession process to the World Trade Organization (WTO) if the country is to progress its application. Raymond Winder, Managing Partner of Deloitte and Touche and The Bahamas’ chief negotiator for the accession process to the WTO, said that some of those issues highlight the legislative changes or national commitments these may portend if membership is to be achieved.
November 22, 2010 WTO and Doha. World Trade Organization chief Pascal Lamy has recently invited its 153 member delegations to a meeting on November 30. It is to be mentioned here that the motive of the meeting is to look for build on calls this month by the G20 and APEC summits to finish the Doha round of global trade talks. Lamy is looking at revitalizing the halted talks among the global commerce front which initiated close to nine years back. There have already been many meeting within the small groups of key ambassadors in the recent months which were looking at brainstorming on how to move the talks forward has led to a greatly improved atmosphere amo
1-2 % came in .....ie "what results?"
Here is a minute fraction of what the SEC has .... I personally have two friends I trust who attemped to purchase above ask while watching level two and witnesed a million or more trade below him ................ "Naked short-selling and market maker manipulation must come to an end. It is
nothing more than sabotage and terrorism to our trading system here in the states
and renders havoc on its investors and businesses.
" ............."".It is not just taking place on the big boards. Naked short-selling and manipulation
of penny-stocks, small-cap stocks, and micro-capstocks has just been ridiculously
overlooked. Some companies have in fact become pennystocks because of naked shorting
practices and manipulation. It has to stop...and on all levels...not just in the
big-name companies on the big boards...but across the entire market. This means
much tighter regulations on the OTC.BB markets as well. Some of the most obvious
manipulation and naked short-selling takes place in this arena. These companies
don't have a chance against naked short-sellers and manipulators that take advantage
of a flawed system that has been in place for decades.
"" ........................................... http://www.sec.gov/rules/proposed/s72303/dc110703.txt Off-shore and Canadian accounts should NOT be allowed to participate in ANY US
markets without abiding by the rules set forth by the regulatory authorities of
this nation. Off-shore and Canadian accounts have long been able to manipulate
markets with their illegal-criminal naked shorting activities through the SEC's
own loose regulations that oversee these activities.
Big Owl posted earlier today that possibly MM's were short by Many millions of shares........I believe in the strong possibility that MM's have manipulated this stock. ...Rick you missed one possibility, and that is that Ken Stead has a perfect storm brewing for MM's who normally control the game. Ken could announce the moving of all the property’s in to Kat Gold with a 1 for 1 share distro. We know that there were three filings for Katg/BVIG just last week! I believe Big Owl said that when he spoke with someone at the transfer agent DEC 15TH insinuated that was going to happen this year I..E the trading of BVIG. We know that CDII and Barnes have something BIG brewing with a Contract and it was with the "new clients” that announcement would start massive buying pressure. All of this would start a huge perfect storm of buying pressure. Do this all with the entire group of property’s moving to KATG and create a cahin of events with the Legal firm along with the Consultants/CDII/David M. Barnes that would create huge buying pressure at a time when MM’s were shorting even more to scare up some shares….. ---SHORT--- Market Makers are scrambling to get shares after selling even more ….AIR.... I think the Mm's may have seen this coming and needed shares and a large % of the push down was actually their work.......One thing is certain......if my hypothesis theory is even remotely correct this will get very exciting………….If I am right and this actually happens one thing you will want to do is Kiss Ken Jack and Tim ….not what you are currently doing and saying …….Quote”” he his playing a very dark game or he is an idiot who hasn't a clue what he's doing””………………………..Quote”” Ken does not actually care what investors think or do, or he thinks they're too stupid to understand”” investorshub.advfn.com/boards/read_msg.aspx?message_id=58126376
KAT Investors did not forget this ......KATX has the best DD out of all the Pink or BB Mining Stocks! And we did not forget this .... last Jan. ........... KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. .............. or this ................................................................... http://investorshub.advfn.com/uimage/uploads/2010/1/26/wztwsVale_Claims.JPG ...............or this ..................................... http://investorshub.advfn.com/uimage/uploads/2010/1/27/rskxhClaims_Visuals.JPG ..................................................... or this ............................... Remember: VALE INCO Acquired those claims on 12/11/09 after KATX released Lucky Property copper discovery PR on 11/23/2009.
......................................................................................... or this ................................................... http://www.investorcalendar.com/IC/CEPage.asp?ID=162809 .............................. we know about David M. Barnes ...................... and CDII China direct .................................... this is what it is all about ...........WHAT YOU MIGHT SEE IS OTHER MINING STOCKS GO DOWN ...... kat longs know a bargin.....they will sell the others to buy more Kat ......we are well versed in MM Manipulation they know what we know...... CDII said it best "Huge contracts are about to be signed by one of it's two new "consultting clients! " MM's can push Kat down all it wants with borrowed shares and kat Longs will soak that push down up with our Piggy Banks
KATG last week had 3 filings in one day ....that $$ was not spent for the fun of it........the broshure is plane as day states "all propertys will roll in to KATG".....think............If there are "air shares" out and about ........who would be desprate to get them from you? .......this is why folks say to buckle up !......Katx and MM Night share the same ATTY!.....THINK!........Nights legal bills are in the millions......NIGHT shares info to other friendly MM's it's time to cover ....and that describes thursday to a tee...........And it explains much of what you read on msg boards ...this one for example
THE NEW QUOTE BELOW IS FROM A PDF DOC. FROM A NEIGHBOR OF RUSTY RIDGE....AS IN CONNECTED DIRECTLY TO RUSTY!!! ..... "Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area[/color]. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area...................../////////////////////////////////////////////////////////// Bob XXXXX '''''HA''''' ........'''HA''' INDEED MR. BOB .... http://www.mineprospector.com/documents/Pike_Property_Report.pdf
No I believe David M. Barnes who is Officer of CDII and is now on board of KATG ....Well think about it CDII most likely signed contract with KATX in January......per Jan KAT PR .....At that time in January there was no KATG at that time .....So I concluded that Barnes/CDII has Contract with KATX and Barnes is on the board of KATG = 2 ! http://sphotos.ak.fbcdn.net/hphotos-ak-snc6/hs023.snc6/165333_117607474976688_100001823087522_118741_2822448_n.jpg http://www.investorcalendar.com/IC/CEPage.asp?ID=162809 http://ih.advfn.com/p.php?pid=nmona&cb=1267833742&article=41165194&symbol=NO%5EKATX KAT Exploration Retires Additional 300 Million Shares, Engages New Consulting Group, Dual Listing and Carbon Credit Assets on th
Kat Exploration (USOTC:KATX)
Historical Stock Chart
1 Year : December 2009 to December 2010
KAT Exploration Inc. (PINKSHEETS: KATX) www.KATexploration.com, along with its private group of investors who recently funded the company with up to $5 million for 50,000,000 restricted shares, has made the decision to retire and eliminate an additional 300,000,000 shares from its treasury of authorized shares of which the new amount of authorized shares will be 730,000,000 shares. Both the company and the group of private investors believe that this reduction will further enhance and solidify shareholder confidence with its secondary directions.
KAT Exploration has secured Private Independent Consultants for 5 years that will rapidly provide an array of major mining support and other ventures to be announced later that will significantly enhance shareholder value. The Private Independent Consultants possess a wealth of experience in the business arena throughout the world and will bring an entire new level of professionalism and key relationships to KAT Exploration as it moves forward. .......................................................................... PS: NO CDII NEVER DID ALL ABRAHAM BACK
Learn what is going on from the neighbors ...they ......well they quite litterly live right next door! http://www.mineprospector.com/documents/Pike_Property_Report.pdf
This new report is from Rustys neighbor the one attached to Rusty Rige North side!! ...in it ..they mention Kat ...several times! They show both the RR lease area as well as mapps showing the RR area and the Lucky area and how Vale surounds both lucky Propertys!!!!! ....Something BIG is going on ....and many here sadly don't se it .....yet! . ..... http://www.mineprospector.com/documents/Pike_Property_Report.pdf .... their website http://mineprospector.com/projects.html ..Have a LOOK! .....///////////""Ken Stead (Prospector), discovered gold-copper mineralization on June 25,1997 and performed additional sampling on the licence(5643M) in July and August of that year. Additional claims were subsequently staked by Cornerstone Resources.
An independent examination on behalf of Cornerstone Resources, by KIEX Consulting Ltd., confirmed the findings of Ken Stead. An initial systematic program, consisting of geological mapping, lake sediment sampling, aeromagnetic survey, VLF-EM, Magnetometer, Orientation Max-Min, and Apparent Resistivity, commenced in November 1997 (Hutchings, 1998). This program also covered the present Pike Property""//////////////. "The area of these claims has now become one of the important areas of interest in the Province of Newfoundland and Labrador for REE and stratiform type copper deposits."////////////. THIS WAS JUST PUBLISHED .....""" Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.'''''....KAT ADDED TO RR JUST LAST THURSDAY !!///////////...THIS GUYS PROPERTY IS NEXT TO SOME THING REALLY BIG!!! (((( US! ))))))) ..........Pike Property A Base Metal – REE property for Option
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Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.////////////////////////////////////////////////.. ((( PAGE 9 )))) ""Recent Exploration activity in the area - by other companies
It is worthwhile to note that the following exploration activities are ongoing in the region:
Vale Exploration Canada (Formerly Inco) has recently taken a large land position on the Bonavista Peninsula area by way of staking and has also optioned considerable property in the area from Cornerstone Resources. Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. The Vale lands are located near to the Pike property and adjoin certain other mineral claims held by F&P. At the time of writing Vale has mobilized exploration teams to the area.""...//////////. Pike Property Exploration History
The historic work described above was also reported by Hutchings, C. 1998: in a Report on geological, geochemical, geophysical, and prospecting on(((( the Princess Property, ))))Newfoundland
THERE WAS NORTH P/ CENTRAL P/ AND / S PRINCESS ...HE IS OUR NEIGHBOR
Historic samples from these copper occurrences are significant, some having assayed up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag in past sampling. The existence of Alkalic gold-rich porphyry copper deposits with high REE are not uncommon and it this case we believe it to be of important value -///////////////////////////////...............F AND P PROSPECTING
REE and Base Metals
Mineral Properties For Option
Robert Freeman
May 18 2010
Summary
The Pike Property exhibits excellent potential for hosting deposits of Rare Earth Elements and base metals such as Lead and Copper. There are also indications of the presence of Molybdenite. Historic and more recent assays reveal elevated levels of Lead, Zirconium, Niobium, Yttrium and other REE minerals. These values appear to be worthwhile based on review of published results from other exploration companies. With the increasing worldwide demand for REE minerals and (in part) the market attention being paid to other REE exploration companies, it is felt that this property certainly warrants more detailed exploration with modern methodology combined with a comprehensive review and reporting by a professional geologist. The owners of the property are Lloyd Pike and Mine Prospectors Corporation (Robert Freeman) herein referred to as F&P prospecting. The property is available for option. We are seeking interest from mining and exploration companies with the desire and means to earn a graduated interest in this worthwhile property.
Pike Property A Base Metal – REE property for Option
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Property Description
The Pike Property is composed of two mineral claim groups, a 550 hectare claim group located at Bunyans Cove and a 225 hectare claim group located at Bloomfield. Both claim groups were staked for the potential to discover Rare Earth Elements and Base Metals. Total size is 775 hectares (1915 acres) Historic records show the existence of Silver, Lead, Zirconium, Niobium, Yttrium and Minor Gold on the claims. The mineral claims are located at tidewater near the towns of Bunyans Cove and Bloomfield on the Bonavista Peninsula of Newfoundland and Labrador. Figure 1 shows the provincial location and Figures 2 shows the location of the claims. Figure 3 shows a simplified geology map.
Figure 1: World and Provincial property location map
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Figure 2: Pike Property Mineral Claims Map
Accessibility
The property is located on the Bonavista Peninsula, eastern Newfoundland primarily on a small peninsula between Clode Sound and Goose Bay, west and east, respectively. The communities of Cannings Cove, Musgravetown and Bloomfield are situated on the eastern extremity, Bunyan's Cove on the west, and Morley's Siding at the south end. Route 233, a paved road, crosses the property and additional access to the area is provided by logging roads and trails. Much of the shoreline area can also be readily accessed by boat. A small airstrip, power lines and water supply are in close proximity. The industrial, commercial and government centre of Clarenville, a seaport, is 30 km south.
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Physiographic Setting
The Property, , has elevations spanning sea level to 137.16 m in the peninsula centre to a maximum of 228.6 m south of Bunyan's Cove. Several large ponds occur on the northeast and southeastern extremity. Elsewhere small ponds, some structurally controlled, and a few bogs dot the landscape. Drainage is either northwest to Clode Sound or southeast to Goose Bay. The area is thickly wooded, consisting of coniferous, deciduous trees and alders. Outcrop exposure is greater than 1%, with much of the bedrock concealed by vegetation and till veneer less than 2 m thick. Glaciofluvial outwash ridges and hummocks, remnants of a northeast Paleo-ice flow, occur immediately south of Milner's Cove (Rickets,1988).
Figure 3: Simplified Geology Map Bunyans Cove PB – REE occurrence
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Regional Geology and Tectonic Setting
Geological Province: Appalachian
Tectonic Zone: Avalon
Stratigraphic Unit: Musgravetown Group
Geological Age: Neoproterozoic
Rock Type(s): Rhyolitic and rhyodacitic flows; ash flow tuffs; feldspar porphyry and felsite.
The showing is situated within the Avalon Zone, along the margin of the Applachian Orogenic Belt, and consists of Late Precambrian aged volcanic, plutonic and sedimentary rocks, characteristic of continental crust within an arc-rift setting (O'Brien et al., 1988, 1990; O'Brien, 1995). Globally, the Avalon Zone is correlative to both the Carolina Slate Belt and rocks of the Morocco area on the northwest coast of Africa. Regionally, the area can be separated into two northerly trending fault separated belts of similar age. To the west lies the Love Cove Group, which is comprised of "volcanic flows and volcaniclastic rocks that are products of major caldera-forming eruptions". In the east are marine clastic sedimentary rocks of the Connecting Point Group, which are unconformably overlain by bimodal volcanics and clastic sediments of the Musgravetown Group (O'Brien et al., 1988). Both belts range in age between 595 and 545 million years, a time of "widespread hydrothermal alteration and significant epithermal gold mineralization", such as the Hickey's Pond and the Stewart Zone located on the Burin Peninsula, and the Hope Brook Mine on the southwest coast of the island of Newfoundland (O'Brien, 1995). Cambrian clastic sedimentary rocks unconformably overlie the Musgravetown Group to the far south of the property. The local property geology includes undeformed Late Precambrian marine siliciclastic turbidites of the Connecting Point Group(630-620 Ma) unconformably overlain by subaerial clastic sediments and bimodal volcanics of the Musgravetown Group(590-545 Ma). The latter is comprised of the Cannings Cove Formation, consisting of green and red conglomerate, sandstone and unseparated mafic flows, conformably overlain by an unnamed succession of mafic and felsic volcanics. Restricted to the northeast of the peninsula is the stratigraphically lowest unit - the Connecting Point Group, consisting of deep water submarine green, grey and black sandstones, siltstones, shales and conglomerate. Unconformablly overlying this is the Musgravetown Group. The Cannings Cove Formation, of green and red conglomerate and sandstone, lie stratigraphically above the Connecting Point Group and persist southward. Conformably overlying the Cannings Cove Formation are two volcanic units, which are mafic
Pike Property A Base Metal – REE property for Option
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and felsic in composition and vary in width from 500 to 1500 m. This NNW striking, moderately dipping succession is almost horizontal in the central area of the peninsula. The volcanics are undeformed and metamorphosed to prehnite-pumppellyite facies. The mafic unit is a dark green, red, vesicular and amygdaloidal basalt with minor tuff, agglomerate and breccia. Stratigraphially above this is a felsic unit comprised of red pink and purple flows and pyroclastic rocks. Minor gabbroic and dioritic bodies are also present. Faults are numerous, trending NNW-SSE, NE-SW and E-W, and often intersecting (O'Brien, 1993).
Regional Exploration History:
In 1950 and 1963 the G. S. C. carried out geological mapping at a scale of 1:250000. During 1992 the Newfoundland and Labrador Geological Survey conducted geological mapping at a scale of 1:50000. During 1993 the Provincial Government carried out a regional lake sediment sampling survey at a 1:250000 scale.
Ken Stead (Prospector), discovered gold-copper mineralization on June 25,1997 and performed additional sampling on the licence(5643M) in July and August of that year. Additional claims were subsequently staked by Cornerstone Resources.
An independent examination on behalf of Cornerstone Resources, by KIEX Consulting Ltd., confirmed the findings of Ken Stead. An initial systematic program, consisting of geological mapping, lake sediment sampling, aeromagnetic survey, VLF-EM, Magnetometer, Orientation Max-Min, and Apparent Resistivity, commenced in November 1997 (Hutchings, 1998). This program also covered the present Pike Property.
Pike Property Exploration History
The historic work described above was also reported by Hutchings, C. 1998: in a Report on geological, geochemical, geophysical, and prospecting on the Princess Property, Newfoundland, July 2 1997 to June 5 1998. (Cornerstone Resources Inc. 30 pages.) [NFLD/2678]
During October 2009, a short property prospecting trip to the Bunyans Cove claims was made by Robert Freeman and Lloyd Pike at which time 15 samples were taken from gossan zones, quartz veins and other areas of interest. 4 of these samples were taken from the areas of historic samples and 11 were taken from new areas indentified during the field trip. The laboratory assays results of the 2009 samples are presented in the attached. The 2009 prospecting and sampling program served well to further indicate the presence of elevated levels of Rare Earth Elements and other minerals. Samples were sent to Eastern Analytical Ltd, Springdale Newfoundland.
The Property vendors are experienced prospectors and residents of the area and have experience and insight into the terrain, geology and the past – present exploration activity.
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Mineralization Types
Bunyans Cove Pd – Zr – Nb – Y Mineral Showing
The mineral claims at Bunyans Cove has two historic mineral occurrences recorded in the Newfoundland and Labrador Mineral Occurrence Data Base System ( Mods), one is for a lead and rare earth metals showing and other is for a pyrite showing. The PB - REE showing is described in more detail below.
Bunyans Cove Pb Showing as described in the National Mineral Inventory Files.
National Mineral Inventory Number: 002C/05/Pb 002
Record ID Number: 5028
Deposit Name: Clode Sound
Major Commodity: Lead
Secondary Commodities: Zirconium, Niobium, Yttrium
Location: 0279305E - 5366495N
Ore Minerals: Galena
Gangue Minerals: Pyrite
Alteration Minerals: Calcite, Chlorite, Quartz
Alteration Type: Propylitic
Description of Deposit:
Minor pyrite and galena occurrence in a mafic dyke which cuts felsic volcanic close to a contact/fault with mafic volcanics (Hutchings,1998).
The host rock for the mafic dyke is a purplish-pink, massive, Mn-oxide and hematite bearing felsic volcanic, which is feldspar porphyritic (<4 mm) locally as well as some places where flow banding occurs. Flow patterns occur near mafic dyke in quartz (Rmz-040) and pyrite occurs in the felsic near the contact with the dyke.
Sample Rmz-040 is a sample from the green mafic dyke with quartz, and contains a silvery metallic mineral (Molybdenite?) up to 4 mm diameter in places. Furthermore, there are also
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small (trace) amounts of pyrite present.
Sample Rmz-041 is from a red to purple felsic zone with pyrite in quartz veins and locally in the massive felsic. The host is porphyritic with 170-275 cps and ~200 cps near veins. Veins are weathered rusty and have disseminated and massive pyrite crystals up to 4 mm in diameter. The vein is up to 8 cm wide and trends 110/60 North to 140/80 Northeast.
Samples Rmz-042 and 042b are red-purple felsic rocks around cliff from sample Rmz-040, and seem similar but are in a shear zone of sorts with readings from 300-400 cps in an apparent nondescript rock, with rusty cruddy surfaces, possibly hematite and Mn-oxide but slightly different in appearance (Hutchings, 1998).
Bunyans Cove Lead – REE Occurrence Published Sample Assays
Sample Rmz-40: 2990 ppm Pb
Sample Rmz-42: 104 ppm Y, 1030 ppm Zr, 236 ppm Nb, 333 ppm Ba.
Sample Rmz-42b: 287 ppm Y, 4060 ppm Zr, 936 ppm Nb, 563 ppm Ba. (Hutchings, 1998)
Recent Exploration Work
Lloyd Pike and Robert Freeman conducted a short recognisance and prospecting program at the Pike Property during the fall of 2009. The 2009 field work by F&P Prospecting located additional areas of elevated Rare Earth Metals on the mineral claims. This small scale prospecting program, although limited in extent, proved to show the existence of elevated Zr, Nb, Y and other REE’s over a larger area on the property and recorded new showings and geological features of the property.
The 2009 prospecting was intended as a ground proof style of prospecting to gather grass roots field data and to surface sample outcrop rock exhibiting indications of Gossans, weathering or veining. All samples were taken as grabs from surface only without stripping or trenching or other beneficial work. The 2009 work served well to indentify locations requiring more detailed prospecting. To date 10 locations have been indentified that warrant more detailed follow up work. Refer to F&P 2009 assay report and summaries for detailed results.
Also of note is that the 2009 values obtained for PB at the Clode sound showing are higher than those recorded in the published literature and the that best past samples for Zr – Nb - Y recorded in the area are situated in close proximity to this showing. The true significance of this fact (if any) is still unknown; however it does serve well to help guide future prospecting efforts.
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Numerous copper occurrences lie directly to the north east of the F&P property on adjacent mineral claims. Historic samples from these copper occurrences are significant, some having assayed up to 21.1% Cu, 1194 ppb Au, and 3.02 oz/t Ag in past sampling. The existence of Alkalic gold-rich porphyry copper deposits with high REE are not uncommon and it this case we believe it to be of important value - consideration in both reviewing the potential of the Pike Property mineral claims and in helping to guide future exploration work. .
Based on the results from work to date and historic information, F&P firmly believes that the Pike property could hold excellent potential for discovery of Rare Earth Minerals associated with porphyry style copper deposits and/or rich Pb vein hosted mineralization within felsic volcanic rocks and mafic dykes on the property. The property sits on a suite of subaerial mafic and peralkalic felsic lava and pyroclastic rocks, which is related to (by similar trace-element character) the subvolcanic Louil Hills peralkaline granite (O’Brien et al., 1988; see Figs. 1 & 3).
All F &P assays represent lab work on pure elements only and not oxides. Oxide(s) amounts can be calculated by applying known and accepted formulas.
Bloomfield AG – Pb – Zn – Cu showing
At the Bloomfield claim group there is strong evidence of previous exploration in the Holloway Cove area. Historic records are slim, however what is available does reveal that in circa 1942, two prospectors, W. Davis and H. Gillard, staked claims over the showing and reported the existence of galena and sphalerite bearing quartz veins at the location on which they encountered high levels of lead and silver. This showing is now named the Holloway Cove lead showing. Both Wiseman and Snelgrove (Govt Geological Surveys) visited the showing and reported good assay results from samples taken on the galena and sphalerite bearing quartz veins, in 1942 and 1953 respectively. Historic results as presented in the Wiseman and Snelgrove reports are shown below.
(1) (2) Cu 0.31% Pb 21.54% Pb 3.7% Zn 12.30% Zn 9.99% Au 0.02 oz./ton Au 0.005 oz./ton Ag 18.50 oz./ton Ag 17.14 oz./ton
(1) Snelgrove (1953) (2) Wiseman (1942).
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Hutchings and Fourde ( 1998 & 2002) reported (in assessment filings) on the area and discussed a Zinc showing located approximately 970 meters southwest of the Holloway Cove PB showing. (off property) Hutchings explains the zinc showing as consisting of semi to massive sphalerite and pyrite in thin calcite veins, hosted by a large (>3 meters wide) fine grained, moderately fractured porphyritic diabase dyke. Previous sampling by Cornerstone on the Zinc occurrence revealed best assay values (BF02-5-2) of 305 ppb Au, 11.3% Zn, and 0.31 oz/t Ag. It does not appear that any of the showings on the Bloomfield claim showings were ever assayed for their REE potential.
F & P believes that the existence of two (high grade type) mineral showings located less than 1000 meters from each other provides strong evidence to support future prospecting and exploration work on the Bloomfield claims. Such exploration work would target both base metals and REE type deposits, with emphasis on locating similar type mineralization on a SW strike of Holloway Cove.
The Newfoundland and Labrador GeoScience Atlas also shows an occurrence of Barium on the Bloomfield claims near the southern most boundaries. It is described as an outcrop of vesicular basalt that contains coarse patches and aggregates of white to pink barite. During the ground proof prospecting of 2009 F&P obtained Barium values exceeding 800 ppm from ground proof sampling near Bunyans cove a distance of over 8 km’s to the Northwest of noted showing. Due to this, it is felt that certain consideration needs to be placed on prospecting this area in more detail. Several indications of other minerals also occur on the Bloomfield claims including garnets and copper that should be further investigated.
The property containing the Bloomfield AG – Pb – Zn – Cu showing was only recently acquired by F&P and has yet to be prospected by us, thus no new results form that showing are presented herein.
Recent Exploration activity in the area - by other companies
It is worthwhile to note that the following exploration activities are ongoing in the region:
Vale Exploration Canada (Formerly Inco) has recently taken a large land position on the Bonavista Peninsula area by way of staking and has also optioned considerable property in the area from Cornerstone Resources. Vale Exploration Canada is now actively exploring more than 50,000 hectares of exploration lands on the Bonavista Peninsula region of Newfoundland. The Vale lands are located near to the Pike property and adjoin certain other mineral claims held by F&P. At the time of writing Vale has mobilized exploration teams to the area.
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Kat Exploration Inc. an exploration company based in Mount Pearl Newfoundland has made several discoveries of Rare Earth Metals on properties immediately adjoining those of F &P. Kat is also targeting copper and base metals in the area. The president of Kat Exploration is Mr. Ken Stead a seasoned professional with years of experience in exploring for stratiform copper deposits, Gold and Rare Earth Minerals. Mr Stead was one of the founders of Cornerstone resources, a company that conducted the early detailed exploration work in the area.
Cache Exploration Inc recently optioned a 37 claim 925 hectare property to the immediate north and directly adjoining the Pike Property. The company (Cache) optioned the property as part of a larger package of claims that includes the Cross Hills property (63 claims) is located in south-eastern Newfoundland. Cache believes that the prealkaline and prealkaline related volcanic and high level plutonic rocks of the Bull Arm Formation hold excellent potential for discovery of Rare Earths and other minerals. Cache Exploration Inc is a mineral exploration and development Company, headquartered in Vancouver BC is, with a focus on rare earth mineral deposits in Canada.
Additional mineral claims have now been staked to the north of the Cache Exploration Inc acquisitions and Kat Exploration has also added to their land holdings to the south.
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Highlights of Recent Work and Proposed 2010 Exploration Work
F &P prospecting has already established an important data base of pertinent information relating to the property and the surrounding areas. This includes the location of both published and unpublished geological features and mineralization occurring on the property.
F &P has obtained from investigations; more detailed geochemical analytical sampling of certain resident outcrops and zones than have been indentified in any past published work. The proposed prospecting work is designed to expand upon this.
F & P has to date has conducted a ground proofing of the area which serves well to better pin point locations that warrant more detailed prospecting, eliminating the need and expense involved by any future Optionee to accumulate that data.
F &P has reviewed and where needed followed up on published lake sediment and till survey’s which (although of certain uses) have no real coalition to the actual areas of the property exhibiting the best potential for mineral enrichment. This data will serve to eliminate much work that would usually be otherwise undertaken by any Optionee.
F & P has also developed an important knowledge of the area topography, access, local communities and area sensitivities. We are locals and as a result we can help to expedite many of the day to day tasks involved with exploration and with maintaining community relationships.
To explore this property in more detail and to facilitate a means to gather the required data, using methods that present the least amount of local disturbance to the social and environmental conditions, F&P proposes to carry out the following.
A Stage 1 exploration program consisting of detailed prospecting and recognisance sampling and mapping program, combined with a BM8 Geophysical survey is proposed for 2010. The proposed field and data compilation work is designed to:
- Establish and mark on the ground by flagging and plotting, a GPS – UTM based survey reference grid using high accuracy GPS equipment. Digital data will be recorded and plots will be developed using 100 meter line spacing.
- Thoroughly prospect and explore the property for new mineralization and geological structures and sample and plot the locations.
- Conduct and document scintillometer readings on both known and any newly discovered geologically important zones/mineral occurrences. Including veins, shears, gossans, geological contacts and/or mineralized areas.
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- Re-examine and resample the historic occurrences by stripping the occurrence and sampling the same by mini core drilling, chip and / or cutting channel samples.
- Survey for, locate, plot and record any near surface (up to 3meters deep) Magnetic highs and EM conductors by utilizing a BM8 beep mat system, a fast, reliable, portable and proven geophysical survey instrument.
- Obtain fresh non weathered “cored” rock samples from deeper into outcrops or under slight overburden by using a Shaw portable diamond core drill system.
- Professionally evaluate and map the geological structures and mineralized zones indentified on the property.
- Generate a professional technical report compiled by an independent consultant.
The field crew will utilize a BM8 beep mat system to obtain geophysical data by performing a grid based survey designed to locate EM conductors or Magnetic signatures on the property. The Beep Mat is a powerful miniaturized electromagnetic survey instrument that efficiently and inexpensively detects conductive and magnetic outcrops or boulders hidden under up to 10 feet (3 meters) of overburden.
The use of the Beep Mat is the fastest and cheapest way to cover a property and to assess if something conductive is close to the surface. The BM8 will ccontinuously record readings every 1/10 of a second guided by GPS positions that are plotted every second. Readings can be recorded and plotted in near real time.
Once a target is indentified by the BM8 system it will be “near immediately” followed up and investigated by the field crew in an effort to locate the source and sample the same or record it for future more detailed investigations. A scintillometer instrument will also be used to test and survey readings from all sample locations. Historic records indicate that 300 – 800 bps scintillometer readings are associated with the best REE results.
The field crew, as needed, will use the portable drills, to sample at better depth, the locations indentified from the BM8 and/or scintillometer instruments and those located by normal prospecting methods. This drill system will be used to obtain fresh small core samples from outcrop or sub-crop under slight overburden. Core depth “in rock” up to 2 meters or more could be possible.
Sampling with the Mini Drill system will in many cases eliminate the need for stripping an occurrence with machinery in order to sample it. By use of a casing pipe through overburden the crew can access a buried conductor up to 10 feet under cover. Any near surface EM conductor / mag signature indentified can also be stripped using only hand tools if and when
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required. Important scintillometer readings will be followed up and fresh on-oxidized samples can obtained in the same manner.
The proposed methods can greatly reduce the environmental footprint of the work. The mini drill and all other equipment can be transported and utilized by one or two people without cutting access trails or using motorized vehicles to access an area. Grab samples will also be taken in certain areas and where possible channel samples can be cut.
Traditional prospecting methods will also be carried out at all times as an integral part of the work. An experienced crew will prospect the property on the established UTM grid, paying careful attention to outcrops, gossan zones, exposed veins, shears and other important structures. Samples will be taken from areas of interest. Where needed grab, chip and channel sampling will be carried out.
Field scale geological field mapping will be conducted to map locations of outcrops, mineralization and other structures as found in the field. Superficial geological features such as moraine, till, bogs, ponds etc will also be recorded. F&P will have a suitably experienced geologist on staff to compile the geological mapping.
All sampling and prospecting will be undertaken using a GPS based grid for navigation and line control. Survey lines will generally run north - south beginning at the southern most boundaries of the claim licenses and continue to the northern most boundaries. Lines will be spaced at 100 meter intervals spacing commencing at the western boundaries of the licenses.
Samples will be taken for geochemistry assay by using the following methods: mini core drilling, channel sampling, or grab sampling of BM8 or scintillometer indentified anomalies and indentified notable structures seen by general prospecting, such as veins and shears. Some samples will also be taken for whole analysis work on selected outcrops, to help indentify rock units encountered. A technical report covering all aspects and results of the work program will be compiled by an independent professional at the end of the work program.
Other properties
F &P has other area properties that total an additional 550 hectares contained in 22 map staked claims that are surrounded by the recent Vale Exploration Canada Staking. It is important to note that these claims were staked prior to the Vale Canada land acquisitions and they are in located in geological settings identical to much of the new Vale Canada exploration lands.
F & P has recently begun to prospect these claims in more detail. During the work to date, our
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crews have noted two previously unmapped (unreported) intrusive volcanic units, on the 18 claim property located near the town of Port Rexton and we taken over 61 samples from the area that are to be catalogued and sent for assay testing.
The work to date has also revealed the possible extensions of the quartz veins and alterations associated with the Gelena - Silver occurrence located near Little Catalina. The Little Catalina showing also appears to have been worked in the past, circa early – mid 1900’s. Evidence of a limited amount of past trenching has been noted. In the area of the original showing, we have now discovered several other quartz veins that bear various amounts of Gelena, Pyrite and Chalcopyrite mineralization; these have not been recorded in historic records.
Considering that prospective levels of Zr, Y, Nb and other rare metals that have now been documented at the Pb showing at Bunyans Cove, F & P proposes to also assay rock samples from the Little Catalina property for REE type elements as well as base metals and precious..