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NWM Mining Corporation (the "Company") is pleased to announce that the Company has received a permit from the authorities in Magdalena de Kino, Sonora, Mexico for a "change of land use" (Cambio de Uso de Suelo) covering the La Jojoba gold reserve. The area covering the La Jojoba gold reserve has been reclassified from ranching to mining. This permit allows the Company to undertake stripping and mining operations on the La Jojoba gold reserve.
The permit was secured by Lic. Marco Antonio Andrade Aguirre. Lic. Andrade Aguirre is the advisor and legal representative of Minera Columbia de Mexico SA de CV, ("MCM") a wholly owned subsidiary of NWM Mining Corporation. The Mayor of the Municipality of Magdalena, Luis Melecio Chavarin Gaxiola, and several Municipal officials, have been very supportive of MCM and mining in general.
"This is the last permit required to commence mining operations on the La Jojoba gold reserve and will lead to development of the Jojoba mine. Recent analysis suggests that a significant part of the La Jojoba gold reserve does not require more capacity to extract copper from leach solution than we already have available onsite. In 2012 the Lluvia-Jojoba project will be expanded into two producing mines, with each mine concurrently feeding ore to the newly constructed Lluvia Dos leach pad. Economies of scale are improved with the prospect of developing ore production from both the Lluvia de Oro and La Jojoba gold mines concurrently," said Chris Berlet, CEO.
Chris 12---Find some legitimate gold producing companies is a better way to make money. I can not tell you whats good and not good but you have to understand all situations as they are. I believe there are lots of opportunities out there. dont fall in love with any stock. Maybe GEAR is a stock that can be flipped
because it cycles about 15% between dips. Study the cycles and decide for your self how to work it.
GolfGear International has signed a joint venture (JV) agreement with Mission Holdings to place the Silver Cord mine into production.
Mission Holdings, which owns the Silver Cord mine in the US state of Arizona, has executed a mining production agreement with Western Sierra Mining to develop the mine and manage production.
GolfGear International will manage the processing of the silver and gold ores extracted from the Silver Cord mine, with the use of EnviroXtract's Ore-XT3 precious metals ore processing technology.
The company will also provide Mission Holdings and Western Sierra with finance to start the initial mining operations, along with the additional funding necessary for expansion.
Western Sierra Mining will provide its extensive mining expertise, labour, equipment and production management of the mine.
sidsaldanha---your post #3449--I have some important news for you.
Gear does not own Silver Cord. neither does WSRA. It is owned by
MISSION HOLDINGS. THE BIG QUESTION IS WHO OWNS MISSION HOLDINGS??? its another one of the mysteries in the GEAR SAGA.
Chris12---yes and it is deep too. I wonder what the boys are cooking up for WSRA?? CANT BE TOO SOON. if ever??
liodog ----BIG would be good.
Euro Strength Buoys Gold Above $1,700/oz
Nov 28, 2011 By Tatyana Shumsky
--Comex Dec gold gains $33.20, or 2%, at $1,718.90 per troy ounce
--Stronger euro makes gold appear less expensive to buyers who use foreign currencies
--Technical strength helps gold vault above $1,700/oz
NEW YORK (Dow Jones)--Gold rallied above the psychologically important $1,700 level as a stronger euro bolstered investor sentiment and lured price-sensitive buyers back to the gold market.
The most actively traded contract, for December delivery, was recently up $33.20, or 2%, at $1,718.90 per troy ounce on the Comex division of the New York Mercantile Exchange.
The euro rallied overnight on reports that the International Monetary Fund is in talks with Italy to structure a financial aid package of up to EUR600 billion. The IMF has denied any talks with Italy, however, saying reports of the deal in an Italian daily paper are "baseless" and "not credible".
However, the news was enough to trigger a swift rally in the euro as investors who bet against the currency scrambled to cover those positions.
The euro was recently trading at $1.3390, up from $1.3246 late Friday in New York.
Gold, which is priced in dollars, benefited from the euro's strength. Investors who hold other currencies, like the euro, tend to find gold a more appealing investment when the greenback eases as dollar-denominated gold seems less expensive.
"This is all being done on the back of a much, much stronger euro," said Dave Meger, head of metals trading at Vision Financial.
Gold's push above $1,700, which comes after a week of trading slightly below that level, is also seeing strong technical support. The gold market has built a strong base around the $1,675 level and is "likely for the near term to leave those levels behind" as it marches higher, Meger said.
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; tatyana.shumsky@dowjones.com
(END) Dow Jones Newswires
11-28-11 0932ET
http://news.tradingcharts.com/futures/3/1/169146613.html
I know it very well. they got to do it
$1,715.20 - Gold is on a terror overnight, up 34.90 to $1,715.20
Does GEAR have a plan to produce gold and silver?? Whats the plan? Lots of ears are waiting.
$1,715.20 - Gold is on a terror overnight, up 34.90 to $1,715.20
the companies that are gold producing will take advantage of the next run up in gold. CRWV NEEDS TO PROVE IT IS IN THE BUSINESS.
The rain is over. An update would be very helpful to the faithful.
NYBob--I was impressed when I saw how many companies that you monitor. Not sure how you manage doing so many. Any way I found two that caught my interest that you monitor. This being one so
I jumped aboard on friday on the otc. I have no drama and look forward to see how this one progresses. Thank you for all the efforts and time you spend on these boards. It really helps people like me that have little knowledge but brave enough
to test the waters.
The test will be if and when they start producing GOLD AND SILVER. Words mean little, actions speak louder. SO far this is not a revenue making company.
NYBob--I was impressed when I saw how many companies that you monitor. Not sure how you manage doing so many. Any way I found two that caught my interest that you monitor. This being one so
I jumped aboard on friday on the otc. I have no drama and look forward to see how this one progresses. Thank you for all the efforts and time you spend on these boards. It really helps people like me that have little knowledge but brave enough
to test the waters.
Venezuela Gets First Shipment Of Physical Gold Today
Back in August, the news that Venezuela ruler Hugo Chavez had decided to repatirate his gold from London vaults made headlines and was one of the key catalysts sending gold to its all time highs north of $1900/oz. Since then the story died down with no updates.
Until today: Bloomberg has reported that Venezuela will receive the first shipment of gold reserves being repatriated from U.S., Canadian and European banks today.
"Chavez, speaking on state television, said that the bars will be escorted to vaults in Venezuela s central bank by the military after arriving by air to the South American country. The gold that was over there in England will soon be arriving, said Chavez. The opposition says that I'll put the gold in the presidential palace or give it away to Cuba or something. This gold is going back to where it should have never left -- to the Central Bank of Venezuela.
Chavez, a former paratrooper and self-professed socialist, in August ordered the central bank to repatriate $11 billion of gold as a safeguard against volatility in financial markets." Will Chavez demonstrate phenomenal foresight having collected his gold just months ahead of Europe falling into the abyss of a toxic debt spiral or were his worries unfounded? It remains to be seen. However, he will probably sleep sounder knowing that his gold is no longer in the vaults of the LBMA, HSBC, or several hundred feet under the New York Fed. That is, of course, if the "presidential palace or Cuba or something" ends up having real 999 gold, and not just several blocks of Tungsten with a pretty plating on top.
http://www.zerohedge.com/news/venezuela-gets-first-shipment-physical-gold-today
chris12---LOL--that was funny.
I am glad to see you have found the " Ore-XT3 technology equipment", I was beginning to think it was just a 'BIG pr FLUFF"
oh--I forgot
Happy Turkey day to all!!!!
what next---name change ---old news anyway
I sure would like to see those things happen that you outlined.
That would have some sizzling effect I would think. May thats in their next recipe they are concocting. If they are planning anything they sure know how to keep a secret.
OH I know---some one is going to say "just wait, be patient"
I was born ready!!! bring it on.
stockfalcon--you said "this is a $1-2 stock, .50 by Christmas "
lol I am going to send you a xmas present if it hits .50 by xmas--
afandor===lol===you sure know how to arouse the troops. lol I see lots of spears being tossed at you. However it goes to .065
I am going to add to my position big time. Now sitting on 200k
waiting for the big bang. lol
Chris
the buying stopped so pps can not be sustained. I think it will drop a little tomorrow unless the buying continues.
Of course I hope I am wrong but that has been the trend. A positive PR would give a boost. If that had happened to day
it probably have gone much higher. Volume buying is the key.
what happened??? lol I leave and go to the post office and come back and very surprised and pleased. this the second time this has happened to me in two weeks!! must go more often. lol
does that make a difference?? we need all the help we can get---especially newbeeeees. the old folks are still asleep---lol
lol---dont think so----we will need lots of juice for that to happen today. i would be elated to see .01
afandor---you are very observant. nobody wants to belly up to the bar. I guess I will have to start it off again.
I think its in the process of dying. now at 005
the first transaction on the ask @.08 was 100 shares
thats not going to make it go up----stockfalcon is right.
only volume on the ASK WORKS
IMCAT----I can answer part of that.---None of the high rollers
were buying on the ASK. a LOT OF HOORAH and no action.
Some were very proud buying on the cheap.I was amazed at a few newbeees on the board whooping it up like they had just found the mother lode. They probably did more harm than good. The investing public is a lot smarter these days.
GEAR IS GETTING A LOT OF ATTENTION LATELY. I am looking forward
to the next great surprise.Its like a good movie drama ready to unfold. I am very anxious waiting for the next annoucement.
The stock price is very low now so now would be a good time
to check it out.
GEAR IS GETTING A LOT OF ATTENTION LATELY. I am looking forward
to the next great surprise.Its like a good movie drama ready to unfold. I am very anxious waiting for the next annoucement.
The stock price is very low now so now would be a good time
to check it out.
Imcat---would you happen to know if WSRA is mining any property at present??
HOUSTON We are coming back to refuel.
Chris this news was out about three weeks ago,this is only confirmation of news already released.It didnt go up into orbit
then and .18 will need another block buster for that to happen.
More spice needed in this recipe.
Chris this news was out about three weeks ago,this is only confirmation of news already released.It didnt go up into orbit
then and .18 will need another block buster for that to happen.
Have you noticed the spread on the bid---ask. The bid is lower than it was two days ago. More spice needed in this recipe.
SO WHY DONT YOU SHARE WITH US AND POST SOME OF THE REPLYS
-its not getting answers that is the problem. I have SENT several emails to mr. Geck and no reply.
Can you add anything about the status of the Silver Cord mine.
That appears to be a fantasy PR.
what did your DD find out about the SILVER CORD MINE?? When does it go into production???
you have to love the SWINGS
waiting on the big bang promissed by stockfalcon---lol