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Flippers will do/say anything to stay in the game.
We are heading back to $0.90 land I hope. This Company seems to have their Ducks lined up and are taking them down in a methodical manner, ASAP. Don't sell the Ornamental Stone aquisitions short, the get more $ per ton than most Gold mines. I would like to know what they are getting a ton for the $250,000.00 order they got.
We got over a Billion shares traded 6 to 9 range and god knows how many above that in the June Rally.
we should have a good base at 6 and above. All the flippers are going to have reach in their pockets if they want to stay in the game here.
Is this the company you are talking about that is run by Criminals?
http://www.birdgangstocks.com/contact_us.php
3 pages of Magnetic findings showing strong to no readings.
Must be real intersting if you knew where the readings were taken and could overlay them with previous work done, and areas not investigated. Some might consider the MAP proprietory Information, because it tells you where to look for AU.
Another Sioux Falls area Miner 25 OZ/AU/T showings.
June 22, 2009
Silver Quest Acquires Slate Falls Gold Property, Ontario
Silver Quest Resources Ltd. (the "Company") is pleased to announce the acquisition of the Slate Falls Gold Property, located in the Sioux Lookout District of northwestern Ontario. Under the terms of the agreement, the Company can acquire a 100% interest in the property from a private vendor, Jerrold Williamson, for cash payments totaling $100,000 ($15,000 upon signing) and the issuance of 500,000 shares (150,000 upon signing) over a three year period. The property is comprised of three claims totaling 48 units (768 ha) and is located 120 km north of the community of Sioux Lookout and 30 kms southwest of the former producing Golden Patricia mine which produced 860,000 tons grading 0.58 ounces per ton (oz/t) (19.9 grams per tonne (g/t)) of gold (Au). Slate Falls First Nation Community, accessed by plane and winter road, is located 5 km south of the property. For further information and property maps refer to www.silverquest.ca.
The Slate Falls Gold property contains several known gold showings up to 25.0 oz/t (857.0 g/t) Au associated with quartz veining in shear zones similar to and contemporaneous with the stratigraphy which hosts the Golden Patricia gold mine. On the property, an extensive regional gold bearing system known as the Slate Falls Deformation Zone ("SFDZ") has been interpreted as the structural control of gold mineralization by previous companies and government geologists. The SFDZ has been traced for more than 10 kms along strike.
http://www.silverquest.ca/s/NewsReleases.asp?ReportID=353424&_Type=News-Releases&_Title=Silver-Quest-Acquires-Slate-Falls-Gold-Property-Ontario
1990's news article of Souix lOOKOUT AREA
Gold was CHEEP then.
Slump in exploration activity in Sioux Lookout
What started out as the continuation of a four-year trend of active gold exploration and production in the Sioux Lookout mining district ended abruptly during the second quarter of last year.
Exploration activity in the area is about one-third of what it has been in the previous four years, says resident geologist Don James.
According to his report, during the final three quarters of 1989 and the start of 1990 the end of flow-through financing for the mineral exploration industry resulted in a slowdown in activity for the area.
Up to the time the flow-through program was cancelled, during the spring of 1989, exploration activity was "running full-bore," said James. "Now it is about 50 per cent of what it was just last year."
Although the level of exploration in the area has dropped off from the previous four years, it is still equal to the 10-year average.
"I think for the remainder of this year, we will see things continue along the way they are now," commented James.
The slump in exploration activity in the Sioux Lookout district is being attributed to the inability of junior mining firms to locate funding for new and existing programs.
The report states that junior mining firms were responsible for half of the exploration activity in the area last year. James reported that their share has slumped to approximately one-third.
At present the largest gold exploration activities are being carried out by Placer Dome Inc. at the Musselwhite Mine north of Pickle Lake. Placer Dome is the major player in this joint venture with Inco Gold and Lacana Mining (Corona).
Currently on hold due to a lack of hydroelectricity and road access to the site, the Musselwhite project has a substantial enough deposit to warrant further drilling throughout the summer.
Placer Dome completed evaluation of the East Bay gold zones in March of 1989. The project included the sinking of a 235-metre shaft, approximately 1,800 metres of drifting, underground diamond drilling, a bulk sample and surface diamond drilling.
Bulk sampling indicated reserves of 7.4 million tons at .2 ounces of gold per ton. In addition, another zone is estimated at 3.4 million tons grading at .15 ounces per ton.
The Musselwhite property is located on the south shore of Opapimiskan Lake, with Moss-Power Resources holding the other three shorelines.
Harry Hodge, president of Moss-Power, says $1 million will be spent on definition and surface work this summer, with drilling likely beginning in the fall. Hodge says Moss-Power has conducted a drilling program at Opapimiskan Lake since 1986.
Moss-Power also holds the Kasagiminnis Lake property near Dona Lake. Reserves of 1.1 million tons grading .19 ounces per ton are indicated at the site.
"Usually we would be spending $3 million to $4 million on exploration, but some companies aren't doing any exploration this summer, so we're happy to be spending $1 million," says Hodge. "We've had land holdings in the Pickle Lake area since the early 1980s. We have a half-dozen properties with potential commercial reserves, now we're trying to zero-in on the better results."
Starting up during February of 1989, the Dona Lake Mine is currently in full production. It is owned by Placer Dome Inc. and is located 12 kilometres southeast of Pickle Lake.
Operating at a rate of 550 tons per day, the mill processed approximately 170,000 tons of ore in 1989. The mine has reported reserves of 754,000 tons grading at .24 ounces of gold per ton, with another possible 1.12 million tons grading .17 ounces per ton.
The bulk of activity is reported to be taking place below the 200-metre level, where the grade levels are better than the ore mined to date. The mine is expected to produce 40,000 ounces of gold annually.
Located near Muskegsagagen Lake, some 75 kilometres southwest of Pickle Lake, the Golden Patricia Mine started production in October of 1988.
Operated by Bond International Gold Inc., which is 65-percent owned by Lac Minerals, the mine currently employs approximately 120 people.
Bond expects the mine will produce 76,000 ounces of gold annually with its 350-ton-per-day mill. Proven and probable reserves are 446,000 tons grading at .61 ounces of gold per ton. Another 164,000 tons of possible reserves grading at .64 ounces appear to be available.
Chief geologist Ron Little estimates the recovery rate at 95 per cent.
According to the resident geologist's report, the mine is accessed by two separate ramps located approximately one mile apart.
Utilizing a shrinkage mining method, said Little, the company is mining approximately a three kilometre strike zone. Little said that this mineable reserve zone has an estimated life of five more years.
Meanwhile, Lac Minerals is continuing an exploration program in the region.
A spokesman with Lac says $1.7 million will be spent this summer on underground drilling, and another $1.7 million will go towards surface work. The program is showing "encouraging results," according to the spokesman.
Camreco Inc. of Toronto is developing the Goldlund and Windfall mine properties south of Sioux Lookout. However, plans for a 300- to 400-ton-per-day mill were mothballed late last year after a feasibility study indicated the reopening would be $4.9 million.
The second phase of the study is now in progress.
Located approximately 26 kilometres south of Sioux Lookout in Echo and McAree townships, the mine had operated briefly between 1983 and 1985, producing approximately 15,000 ounces of gold.
PHOTO : Placer Dome's Dona Lake Mine, located south of Pickle Lake in northwestern Ontario, started production in February of 1989 and is expected to produce 40,000 ounces of gold annually.
http://www.entrepreneur.com/tradejournals/article/10470927.html
Yeah right, I got almost that many shares. I suppose I could dilute the company. 700+ million was bought the other day at 6 to 9.
Look in the infobox,
Outstanding Shares
4,757,459,479 as of Sept 30, 2010
Hey Clueless, Company said it wan't diluting, there is NOTHING to dilute.
Hey Jim, any ideas on who/what the other 2 Merger Candidates are?
Have they got More miners in the closet???
No significant findings of Arsenic or Mercury means that a furnace can be set up and ship Dore metal right off the mine site. See page 33 of Report. That is a BIG +. Too sweet.
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
Well Serge, I know of a lil pocket found in a mine in Colorado, that after they opened it up, they put a vault door on it.
At 9+ oz/t you don't have to have a very big pocket to blow all estimates to hell.
I believe the current guesstimates are lowballed. in fact there seems to be evidence there is some extremely rich ground in the claim area. Without a drill program, everybody is guessing. You only have the historical random sampling, to base any conjectures.
I would sink a shaft on the 9+ oz/t while I thought about what to do next. :^)
I particularly like sample 18862, 9+ OZ/AU/T
page 28
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
I could haul $15,000.00 of that in my PU. :^)
I could get a bigger PU. :^)
http://en.wikipedia.org/wiki/Terex_33-19_%22Titan%22
look at a 3 year chart, WWTTat $.90+ before.
Whatever, but the RSI is right, we got a golden cross, and that 700+ million shares that sold the other day, was at .0006 to .0009. This chart looks good to me, and with a lil luck and news, I think we are outta here.
http://stockcharts.com/h-sc/ui
Because it is the Drayton Report that the exerpts are taken from in post linked, check it out, the post mentions the guys who did the Drayton report John Wakeford, P.Geo and Joe Riives and they did test the Alcona area.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58849968
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
RPT ON EXPLORATION CARRIED OUT ON 1988
Junction-Sturgeon Lake area by H. C. Horwood. ... take over Alcona Bold Mines Limited. A three ... Alcona Mine. Several trenches were re-opened
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/52J04SE9330//52J04SE9330.Pdf
OFR 6260 Summary of Field Work and Other Activities 2010
The earliest relevant reports are by Pettijohn (1936) and Horwood (1938), ..... The historic Alcona Mine, a separate gold showing 600 m northwest
http://www.google.com/search?q=Horwood+%2B+Alcona+mine&rls=com.microsoft:en-us&ie=UTF-8&oe=UTF-8&startIndex=&startPage=1&rlz=1I7ADFA_en
EXPERIMENTAL TESTS ON A SAMPLE OF GOLD ORE FROM ALCONA GOLD MINES LTD 1933
http://www.geologyontario.mndm.gov.on.ca/mndmfiles/afri/data/imaging/52J04SE0021//52J04SE0021.Pdf
How about $0.07
I particularly like the part on page 31, Data verification
The Gold showings on the Drayton Gold Property have been sampled by three unrelated parties (including the prospectors). In all instances there is general agreement between the sample sets with individual samples being obtained by all the parties that are anomalous to highly anomalous in gold content.
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
About 30/40 years ago, I remember them reporting dumping AG silver in the waste dumps up there, because it was to cheap for them to bring out, all they wanted was the uranium.
There are somethings that can't be answered.
They got samples up 10+ oz. AU/T in the report. Why this isn't selling for a dime is what I would like to know.
I particularly like sample 18862, 10+ OZ/AU/T
I could haul $15,000.00 of that in my PU. :^)
I picked up another 10
I am not a professional, but the certified results indicate 10X's higher grades than have been reported. This report was done by the 2 acknowleged Geologist in previous report. Why the actual report was not linked, I will leave to anyone's speculation.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58849968
Pages 27 and 28 of the report list the values found.
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
How about a $20 Billion in proven reserves company?
Add up the 18 "Certified assay" results and you get about 5.67 G/T average, or about 10x's better than reported previously.
How about $20 Billion dollars in reserves company?
go to page 27 "Shaft area" 318.81 G AU/T
Page 28 has test results for area.
TECHNICAL REPORT ON THE DRAYTON GOLD PROPERTY DRAYTON TWP
by Joe Riives
http://www.fortuneriver.ca/uploads/projects/technical_report_drayton_02_10.pdf
go to page 27 "Shaft area" 318.81 G AU/T
Pretty puny dump day, 200+ million shares traded vs yesterdays 700 million+ shares.
NEWS...
Jan 19, 2011 13:16:04 (ET)
HENDERSON, NEVADA, Jan 19, 2011 (MARKETWIRE via COMTEX) -- NW Tech Capital Inc. (NWTT, Trade ) ( www.nwtechcapital.com ) management is using this opportunity to update the company shareholders and followers regarding several developments, and upcoming events within the company on various fronts.
Firstly, NWTT management would like to address some of our critics concerns re dilution. NWTT is NOT DILUTING. Our authorized and outstanding share structure stands very close to 5 billion shares and has been at those levels for some time now. See our quote at http://www.otcmarkets.com/stock/NWTT/company-info .
NWTT has been introduced to purchase and or take over an Ornamental Stone type company. NWTT management sees a great opportunity to complement the company's core business. The transaction should not disturb the share structure as it would be structured to be acquired on all cash basis, utilizing debt and other instruments as an example to complete the transaction. Be it known that stock is not the only currency at NWTT' disposal. The company is in the production stage and NWTT intends to make this venture a part of the NWTT family of companies.
Regarding NWTT new subsidiary Canada Corp; the company is seeking to retrieve geological test results from the previous owner of the property. Canada Corp. intends to do this to share more details about the property and furnish its followers with a better view of the property's huge and untapped potential in the mining industry. The company is of the opinion that its followers will be pleasantly surprised.
In other corporate updates, Bermal Contracting regarding the recent news on the company's negotiations with the local DirectBuy outlet: Bermal Contracting and DirectBuy are in an early and confidential negotiation stage. For these and other obvious reasons Bermal Contracting and NWTT management kindly requests from its followers not to disturb this vendor.
The company intends to provide timely and frequent updates to its followers not only on news worthy matters but on operational and up coming events as well.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of NW Tech Capital Inc., that constitute forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases "can be," "expects," "may affect," "believed," "estimate," "project" and similar words and phrases are intended to identify such forward-looking statements. NW Tech Capital Inc. cautions you that any forward-looking information provided by or on behalf of NW Tech Capital Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. NW Tech Capital Inc.'s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond NW Tech Capital Inc.'s control. In addition to those discussed in NW Tech Capital Inc.'s press releases, public filings, and statements by NW Tech Capital Inc.'s management, including, but not limited to, NW Tech Capital Inc.'s estimate of the sufficiency of its existing capital resources, NW Tech Capital Inc.'s ability to raise additional capital to fund future operations, NW Tech Capital Inc.'s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match NW Tech Capital Inc.'s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such
statements were made. NW Tech Capital Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
Almost a Billion shares since yesterday, mostly in the 6's +.
I don't think we are going to see "Dumpage" we'll never get to 700 million plus today at these prices, no way.
Gap is filled, and 6's are in strong hands.
5's are gone, it's 6 and up.
There is a boat load of bids at 5 so I don't know where you get the 3's, infact there are twice as many bids at 5 as there are offers of 6
It would be nice if the Moderators would post who the MM are so we could see if there has been any dilution. I would like to know if the MM are gagged or not, but the info doesn't even bother to tell who they are.
16 million shares mostly at 6 and you call that dumpage?
I suppose, if we are sitting on $2 Billion dollars worth of gold, and there are 5 Billion shares, then each share of this stock is worth $560.00 minus recovery costs.
It's called "Gap Power" everybody knows, gaps have to fill...