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I caught a sweet bid this morning though...lol
Looking forward to seeing the plan for this year
Thank you! I have been in mining since I was a kid and yes you do have to get out of the box to get a good look at things. Run my user name in a google search and you can see for yourself the company I have
thank you I will have a look a bit later
How about doing a real search then the deliberate fail of your last
Your obviously taking my words out of context and its not worth my time to explain it in Crayola.
that is the report I am looking for.
I did. I had to use the map to narrow down the mine I could use for an example. the mine shows up but no owners and it doesn't show the deal that the owners have with the company that has an agreement on getting the mine into operation. (that is in reference to example mine)
The step to take is to verify who the GNCP properties belong to and cross reference that with what agreement GNCP has in place with them.
Lets see if we can figure this out together shall we?
Interesting report and I understand what you are sharing. I have seen this before of exaggeration in reports. However, that does not mean the gold properties are valueless.
Another point I will also make is that most people of today have been BS'ed into believing we have mined out all the gold. That is true at $18 per ounce...completely false at $1300 per ounce.
In British Columbia for example we have mined maybe 2% of the wealth in the province. The old timers only took what was easy and also had very inefficient mining practices of the time. They sure as hell never found it all either.
A good placer example is the show gold rush. I could recover an obscene amount of gold just from their tailing piles because they are using inefficient recovery equipment. The same recovery that is similar to the bucket dredges that mined the Klondyke river in the 1898 goldrush. The tailing piles of those operations are rich in today's value.
Hard rock mines that closed often have dump piles that contain enough free milling gold to open up a mine. Again this has to do with inefficient mining practices in history.
For another example Barkerville gold mines released a report that was also fantastic and they got their pee pee slapped. However, I am familiar with the region and they have very rich ground regardless of the embellished report they wrote. They have N43 -101 for a major market too.
Again I will say to you that the reports MAY have been embellished but that does NOT mean the claims are valueless. I saw a lot of reference to historical mines in the area which is good as it lends credence to the potential on these properties.
It is why I am looking for more information on the properties themselves. People can lie...the real story is in the ground!
Oh by the way mark Twain said "a mine is a hole in the ground with a liar standing next to it."
The rest of the story is the dry hole that mark twain had dug he sold to someone who struck it rich a couple feet deeper...
That is how I am seeing it. They put together a large portfolio and then put it on the world markets for deeper pockets.
Its what I have wanted to do for years is get my company and mining operations into the OTC markets to raise money for operations. Its expensive to get a mining project into operation. However, the OTC is one of the few potentials to raise money through investors etc.
I have seen stranger things happen with mining properties...Plenty of people mine in secret. Been going on forever. Look at the history of the USA goldrushes. There are plenty of lost mines and workings never even recorded.
a summary of the properties was posted some days back and I went over it. They are in gold and silver areas as they describe relation to nearby mines and the historical context.
What I am looking for is more specific information. Maps, sample locations, assays, etc
Better yet a report written by a geologist who can describe these claims as proven or probable. They should already have such a report from a Geologist as it would be a requirement to list on the OTC markets anyway
Sounds good. I am curious as to more specifics involving the mineral claims. I saw some earlier that read more like a summary which is good but difficult to fully comprehend what they have and what they have done so far in proving them up.
Yes that is true for the large companies on the major markets. However, there are many companies that go after what this company has control of.
They only have to have agreements with the owners in place to have control over these claims. I have seen this sort of thing before where companies gain control over gold/silver properties and then put the projects on the market for large investment. Obviously they don't have the money to explore and mine the ground and that's ok.
A lot of projects are too small for major companies. However, if you put enough small projects together it becomes large and attractive.
Looking forward to seeing what they have put together.
OMG that article reads like meth-head report
oh so your a one tic flipper...thank you for that disclosure.
that is not going to tell you anything. you have to search by the name of the mine not the company!
Nice!
good point. However, the question is, what deals did they have in place? The value is in how much of it they controlled and what they were able to do with them.
I disagree that the ground is worthless.
Wow! that is a lot of real estate. Some value there for sure. would be insane if these guys were mining it
Yes, understanding it is a work in progress. What is disappointing is how companies like MIDAS Gold in southern Idaho with half a gram gold per ton can get financing but Sidney with half an ounce per ton gold has struggled to get financing to mine. Dame frustrating and I sympathize with Dan as he has done a lot to get this mine going.
GNCC was encouraged by the results of Searchlight’s initial sampling program, which was comprised of nine (9) grab samples from mine dumps located along the vein system. All of the samples had detectable gold and silver. One sample from the dumps of the South Shaft assayed a bonanza grade of 161.8 ounces silver per ton. Another sample from the North Shaft dumps assayed 0.164 ounces gold per ton. Three additional samples assayed at over 2 ounces silver per ton and two more samples assayed over .01 ounces gold per ton. A geochemical sampling program is recommended in order to identify potential drill targets.
The dumps from these old mines often hold the financial key to reopen these mines. Workings from those mines were not as efficient as they are today.
Yarber Wash
The Yarber Wash silver property is located in the Yarber Wash Mining District, Yavapai County, Arizona. The closest city is Prescott, Arizona. There are several shafts and adits, 65’ to 285’, located on one 20 ac unpatented lode mining claim.
Underground and dump samples have ranged up to 35 oz / T silver and .6 oz/T gold. Average silver grade is of economic interest at over 9 oz/T. Base metals values are also significant (Cu up to 1.7%; Pb up to 4.6% and Zn up to 2.5%). There are a number of 3’ plus veins on the property.
Searchlight Exploration has done reconnaissance sampling resulting in the above assays. The property does not appear to have been drilled in the past.
Yarber Wash looks promising for exploration.
White Hills was one of Arizona’s later boom towns, with the original discovery of silver made in 1892 as a result of rock samples found by Native Americans. Between 1892 and 1898, over $12,000,000 of silver and gold was mined from the White Hills silver mines (close to $1 Billion at 2013 commodity prices). Then the silver mines were closed due to flooding. A few years later, gold was found south of White Hills, and approximately 15,000 ounces of gold were mined from 1903 to 1907 from four separate mines, with an average grade of from 0.5 to 1.0 ounces gold per ton.
White Hills looks promising for exploration
How many properties do they have? They have great potential on the ones I read through. The one with the dumps stands the best chance of getting a small mining operation going for about 100,000 dollars. They could work their way into a larger operation from a foot in the door budget.
which fricking ones is what I am asking for.
Can I trouble you for some links to the gold claims and information on them please. I am in mining and can give a fair response on what they have. Thank you
Did some research. thought this might help understand the prospects in the area. I don't like how they described the Lucky Ben though. Very inaccurate.
https://thediggings.com/mines/usgs10071540
Claims are listed by the name of the claim. NOT listed with the company name!
For example. the Lucky Ben mine is listed as the Lucky Ben. It is not associated with the name of the holder in the search nor the company I know who has control of the mine.
Thank you. it was an interesting trip. fascinating country and rich resources in the region.
I thought I would share my trip out to Lucky Ben. Enjoy!
http://www.cariboogoldrush.ca/the-road-from-hell.html?fbclid=IwAR3tWaOYw8T9_T1zAjaktI7XWysRxvHI27Npt_VRWCZaWUHngFjI0pqcZdM
Good luck to you!
Looks like they bought back what they dumped earlier...
volume before price
cool!
WOW! Shorts are gonna lose their shorts! Squeeze em GNCP!
I really hope you are.
when is that expected?
NICE!
agreed