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25%, but your 2 million had to be paid right? So, ultimately we non-creditor shareholders would have been left with nothing. I think I'd rather burn my shares too than take that deal.
taron exploration program
november 9, 2017
CASCADERO COPPER
(TSXV: CCD)
NOVEMBER 9th 2017
MAP ONE
TARON PROPERTY LOCATION
TARON EXPLORATION PROGRAM
The first program will consist of an HQ core hole program that will test the potential of the mineralized material adjacent to the eleven (11) best drill holes of the recently completed 2017 program. It is planned to complete four one-hundred metre vertical core holes around each higher-grade hole. A drill hole will be collared at 100 metres to the north, east, south and west around the eleven highest-grade 2017 drill holes for a total of 3,300 ? 4,000 metres. This is expected to augment the volume of Cesium mineralization present and provide the metrics to increase the Taron target deposit grade, size and develop a potential mineral resource.
The second program is a property-scale exploration program that will include detailed mapping, trenching, mineralogy, reconnaissance style drilling, and metallurgy to test for mineral leach kinetics.
Another objective is to determine the location(s) of the boundary fault zone and its related splays in the eastern part of the Taron property. This is based on the assumption that Taron mineralization may be associated with major crustal structures that define the eastern boundary of the Puna with the eastern boundary ranges of the Andes. The fault zone separating the basement strata represents a continental northerly trending suture zone that separates the rock assemblages of the ancient continent of Gondwanaland to the east from more exotic terranes to the west.
Company management believes this area may be the location and conduit for Taron style mineralization. This suture zone was likely established during a major orogenic event. This continental scale collision zone spans much of the south-central Andes, an event that occurred some 455 million years ago. This is very exciting for Cascadero to hold an interest in a small portion of a continental orogenic event that are known to create the geological setting for a variety of large-scale mineral deposits.
MAP TWO on the following page illustrates and identifies the Punco Zone that is 4,800 metres (4.8 kms) to the south east of the Taron Main and North Zones. The Punco zone was subject to prospecting and samples were taken from a backhoe pit. The host rocks are similar and the grade of the samples is similar to samples from Taron North and Main Zones. In 2010, the Company completed an MMI geochem program that extended the properties’ potential for Cesium mineralized material part of the way across the Taron showing towards the assumed continental suture as the MMI data showed a positive Cesium response.
MAP TWO
PLAN VIEW - TARON PROPERTY
The Taron target deposit consists of five (5) Contiguous Mineral Tenures, approximating 8,179 hectares (83 Units) in area. The Tenures are registered to Cascadero Minerals S.A. (CMSA), which is 100% owned by Cascadero Minerals Corporation (CMC), a Canadian Company, which is 70% owned by Cascadero Copper Corporation (CCD) and 30 % owned by Regberg Ltd. (RB). CMC operates as a 70% CCD and 30% RB joint venture.
NOTE: the Punco zone is situated on the Incamayo tenement which is 100% owned by CMC. The Incamayo property has excellent potential to host Copper-Gold-Silver-Tin-Tellurium mineralized material as these elements occur in historic drill holes.
R. Simpson, P. Geo, of GeoSim Services Inc is the independent Qualified Person (QP) for the Taron project. Geosim prepared the information in MAP TWO. Geosim has read and approved the technical content of this news release.
About the Company:
Cascadero Copper is an integrated mineral exploration and development business, which through its 70% owned subsidiary, Cascadero Minerals Corp Canada (CMC) and its partner Regberg Ltd. (Singapore) manage and finance CMC as a 70/30 Joint Venture. The Company holds exploration rights to 27 tenements in north western Argentina. Twenty-two of the tenements are organized into four core areas: Taron; Taca Taca; Santa Rosa; El Oculto and five of the tenements are stand-alone-exploration opportunities.
The Company’s commodity focus includes: Cesium, Rubidium, Thallium, Gold, Silver, Lead, Copper, Zinc, Tellurium and Tin. There are several deposit types and most contain precious metals, such as gold and silver. The tenements are mostly 100% owned by CMC and were generated from grass roots prospecting 2004 to 2014. In 2005, the Company had seventy-five tenements covering 203,000 hectares. The current portfolio is a rendering of those tenements. There are no underlying agreements on any of the tenements but some, including Taron, are subject to a 1% NSR and none is subject to Joint Venture or Buy - Sell agreements.
http://cascadero.adnetcms.com/news/2017/taron-exploration-program/
CCEDF - Cesium Recovery From The Taron Deposit Demonstrated
November 7, 2017
The recovery of Cesium from a mineral sample from the Taron target deposit has been demonstrated. The mineral sample was obtained from the 2009 drill program (drill hole number TAR-09-5). A sub-sample was crushed and ground to a particle size of 100 microns (P80). The Cesium content of the sample was analyzed at 4761 ppm or 0.476%. A full analysis is shown in Table 1 below.
The metallurgical treatment of this sample was demonstrated at the University of British Columbia (UBC), Department of Materials Engineering, Vancouver, Canada.
Highlights included:
94.7 % extraction of Cesium after 4 hours of leaching at 90 C with 250 g/L H2SO4 and 20 % SolidsRecovery of 97.8 to 99.4% of the Cesium as a Cesium Aluminum Sulfate (Alum) precipitate after addition of aluminum sulfate and cooling to 4 C.Purification of the Cesium-containing alum using (1) re-dissolution and re-precipitation of alum by hot water leaching, cooling and filtration, (2) re-dissolution of purified alum by hot water leaching followed by removal of aluminum and sulfate by stepwise precipitation by addition of barium hydroxide. The result of this treatment was a high - purity Cesium hydroxide solution.Conversion of the Cesium hydroxide solution to Cesium formate solution by simple addition of formic acid.The co-precipitation of iron, arsenic and other species from the leachate using neutralization with limestone was demonstrated.
The overall procedure had three stages: leaching, crystal formation, crystal purification, and Cesium sulfate purification, and the corresponding recoveries of Cesium were 94.7%, 99.9%, and 96.1%, respectively. This gives a total of 90.9% Cesium recovery over the entire process assuming all wash solutions would be recycled with negligible Cesium losses.
The Company is funding ongoing study of Cesium recovery including (1) upgrading of the Taron mineral sample by mild scrubbing and screening, (2) acid leaching with reduced acid concentration, (3) alternative leaching process options. Following these studies, it is expected that the Company will commence a metallurgical pilot plant study to provide final engineering parameters for a feasibility study for Cesium recovery from the Taron target deposit
Table 1 – Typical Taron target deposit Sample Analysis (2009 Drill Program, Hole TAR-09-5)
ELEMENTS. All values are ppm(wt).AgAlAsBaBeBiCaCdCeCoCrCs1335004049525065<0.5286007341111774761CuDyErEuFeGaGdHfHoKLaLi14833216730013211178001752LuMgMnMoNaNbNdNiPPbPrRb<0.14100>1000011143008151263400224407SSbScSeSmSnSrTaTbTeThTi<500433225421<0.1252060TlTmUVWYYbZnZrF 2533011821161217332635 OXIDES and Loss on Ignition. All values are wt%.SiO2Al2O3Fe2O3CaOMgONa2OK2OMnOTiO2P2O5Cr2O3BaLOI48.868.79.74.070.861.742.148.130.420.820.030.245.76
Mr. Bill McWilliam, Chairman, Cascadero Copper commented “This initial metallurgical program has conclusively demonstrated that high - quality Cesium formate Cesium Hydroxide solutions may be recovered from the Taron target deposit mineralization”. “Cesium formate is in high - demand in the oil and gas drilling sector as Cesium formate solution has a very - high density (2.30 g/cm3). Cesium formate also has several other important properties for drilling and completion of down hole operations. It is considered the premier product of alkaline brines and all other drilling fluids.”
“It is expected that the ongoing UBC metallurgical program will increase the efficiency of the process and decrease costs. In addition, I these metallurgical results may be an historic moment in geological deposit understanding, mineralogy, due to impressive persistence and excellence of the UBC metallurgical team. I understand that the recovery of Cesium from an epithermal sediment hosted polymetallic mineral source other than Pollucite, is a first.”
“I congratulate Cascadero’s staff, consultants, advisers and investors for their support and patience to the finish line.”
Qualified Person:
Dr. David Dreisinger, Ph.D, P.Eng., is the Qualified Person for the purposes of NI 43-101. Dr. Dreisinger has reviewed and approved the technical disclosure contained in this news release as applicable. The Company will endeavor to meet high-standards of integrity, transparency, and consistency in reporting technical content, including geological and assay data.
About the Company:
Cascadero Copper is an integrated mineral exploration and development business, which through its 70% owned subsidiary, Cascadero Minerals Corp Canada (CMC) and its partner Regberg Ltd. (Singapore) manage and finance CMC as a 70/30 Joint Venture. The Company holds exploration rights to 27 tenements in north western Argentina. Twenty-two of the tenements are organized into four core areas: Taron; Taca Taca; Santa Rosa; El Oculto and five of the tenements are stand-alone-exploration opportunities.
The Company’s commodity focus includes: Cesium, Rubidium, Thallium, Gold, Silver, Lead, Copper, Zinc, Tellurium and Tin. There are several deposit types and most contain precious metals, such as gold and silver. The tenements are mostly 100% owned by CMC and were generated from grass roots prospecting 2004 to 2014. In 2005, the Company had seventy-five tenements covering 203,000 hectares. The current portfolio is a rendering of those tenements. There are no underlying agreements on any of the tenements but some, including Taron, are subject to a 1% NSR and none is subject to Joint Venture or Buy - Sell agreements.
The Company has offices in North Vancouver, BC and Salta City in the province of Salta, Republic of Argentina.
Bill McWilliam
Chairman
Office = 604.924.5504
Cell = 604-999-0391
Bill@Cascadero.com
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
https://cascadero.com/news/2017/cesium-recovery-from-the-taron-deposit-demonstrated/
Cesium Recovery From The Taron Deposit Demonstrated
November 7, 2017
The recovery of Cesium from a mineral sample from the Taron target deposit has been demonstrated. The mineral sample was obtained from the 2009 drill program (drill hole number TAR-09-5). A sub-sample was crushed and ground to a particle size of 100 microns (P80). The Cesium content of the sample was analyzed at 4761 ppm or 0.476%. A full analysis is shown in Table 1 below.
The metallurgical treatment of this sample was demonstrated at the University of British Columbia (UBC), Department of Materials Engineering, Vancouver, Canada.
Highlights included:
94.7 % extraction of Cesium after 4 hours of leaching at 90 C with 250 g/L H2SO4 and 20 % SolidsRecovery of 97.8 to 99.4% of the Cesium as a Cesium Aluminum Sulfate (Alum) precipitate after addition of aluminum sulfate and cooling to 4 C.Purification of the Cesium-containing alum using (1) re-dissolution and re-precipitation of alum by hot water leaching, cooling and filtration, (2) re-dissolution of purified alum by hot water leaching followed by removal of aluminum and sulfate by stepwise precipitation by addition of barium hydroxide. The result of this treatment was a high - purity Cesium hydroxide solution.Conversion of the Cesium hydroxide solution to Cesium formate solution by simple addition of formic acid.The co-precipitation of iron, arsenic and other species from the leachate using neutralization with limestone was demonstrated.
The overall procedure had three stages: leaching, crystal formation, crystal purification, and Cesium sulfate purification, and the corresponding recoveries of Cesium were 94.7%, 99.9%, and 96.1%, respectively. This gives a total of 90.9% Cesium recovery over the entire process assuming all wash solutions would be recycled with negligible Cesium losses.
The Company is funding ongoing study of Cesium recovery including (1) upgrading of the Taron mineral sample by mild scrubbing and screening, (2) acid leaching with reduced acid concentration, (3) alternative leaching process options. Following these studies, it is expected that the Company will commence a metallurgical pilot plant study to provide final engineering parameters for a feasibility study for Cesium recovery from the Taron target deposit
Table 1 – Typical Taron target deposit Sample Analysis (2009 Drill Program, Hole TAR-09-5)
ELEMENTS. All values are ppm(wt).AgAlAsBaBeBiCaCdCeCoCrCs1335004049525065<0.5286007341111774761CuDyErEuFeGaGdHfHoKLaLi14833216730013211178001752LuMgMnMoNaNbNdNiPPbPrRb<0.14100>1000011143008151263400224407SSbScSeSmSnSrTaTbTeThTi<500433225421<0.1252060TlTmUVWYYbZnZrF 2533011821161217332635 OXIDES and Loss on Ignition. All values are wt%.SiO2Al2O3Fe2O3CaOMgONa2OK2OMnOTiO2P2O5Cr2O3BaLOI48.868.79.74.070.861.742.148.130.420.820.030.245.76
Mr. Bill McWilliam, Chairman, Cascadero Copper commented “This initial metallurgical program has conclusively demonstrated that high - quality Cesium formate Cesium Hydroxide solutions may be recovered from the Taron target deposit mineralization”. “Cesium formate is in high - demand in the oil and gas drilling sector as Cesium formate solution has a very - high density (2.30 g/cm3). Cesium formate also has several other important properties for drilling and completion of down hole operations. It is considered the premier product of alkaline brines and all other drilling fluids.”
“It is expected that the ongoing UBC metallurgical program will increase the efficiency of the process and decrease costs. In addition, I these metallurgical results may be an historic moment in geological deposit understanding, mineralogy, due to impressive persistence and excellence of the UBC metallurgical team. I understand that the recovery of Cesium from an epithermal sediment hosted polymetallic mineral source other than Pollucite, is a first.”
“I congratulate Cascadero’s staff, consultants, advisers and investors for their support and patience to the finish line.”
Qualified Person:
Dr. David Dreisinger, Ph.D, P.Eng., is the Qualified Person for the purposes of NI 43-101. Dr. Dreisinger has reviewed and approved the technical disclosure contained in this news release as applicable. The Company will endeavor to meet high-standards of integrity, transparency, and consistency in reporting technical content, including geological and assay data.
About the Company:
Cascadero Copper is an integrated mineral exploration and development business, which through its 70% owned subsidiary, Cascadero Minerals Corp Canada (CMC) and its partner Regberg Ltd. (Singapore) manage and finance CMC as a 70/30 Joint Venture. The Company holds exploration rights to 27 tenements in north western Argentina. Twenty-two of the tenements are organized into four core areas: Taron; Taca Taca; Santa Rosa; El Oculto and five of the tenements are stand-alone-exploration opportunities.
The Company’s commodity focus includes: Cesium, Rubidium, Thallium, Gold, Silver, Lead, Copper, Zinc, Tellurium and Tin. There are several deposit types and most contain precious metals, such as gold and silver. The tenements are mostly 100% owned by CMC and were generated from grass roots prospecting 2004 to 2014. In 2005, the Company had seventy-five tenements covering 203,000 hectares. The current portfolio is a rendering of those tenements. There are no underlying agreements on any of the tenements but some, including Taron, are subject to a 1% NSR and none is subject to Joint Venture or Buy - Sell agreements.
The Company has offices in North Vancouver, BC and Salta City in the province of Salta, Republic of Argentina.
Bill McWilliam
Chairman
Office = 604.924.5504
Cell = 604-999-0391
Bill@Cascadero.com
“Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
https://cascadero.com/news/2017/cesium-recovery-from-the-taron-deposit-demonstrated/
And this
http://www.ebr.gov.on.ca/ERS-WEB-External/displaynoticecontent.do?noticeId=MTI1MzEw&statusId=MTg4Nzgy&language=en
For the Churchill and asquith claims
Here's Keevil filing with the ministry on the Otto claims.
http://www.ebr.gov.on.ca/ERS-WEB-External/displaynoticecontent.do?noticeId=MTI1Mjg0&statusId=MTg4NzUw&language=en
Too bad it was sold.
Looks like CBLT gets some free work from the province?
http://www.crossroadstoday.com/story/36207390/cblt-receives-financial-and-field-support-from-ontario
Also, your characterization differs from what Green Swan put out in the PR of them acquiring the property.
"Green Swan purchased the Otto Assets from an arm's length prior owner who encountered challenges advancing exploration on them. One of the difficulties was an inability to enter into economic exploration agreements with local communities including First Nations. That prior owner had applied for a permit to drill from 11 to 20 pads, conduct mechanical excavation, and carry out other mining-related activities, which permit has been stalled for some time in the Ontario Ministry of Northern Development and Mining. The Otto Assets are on “Special Status” pending the resolution of the permit application, but in Green Swan's opinion it was highly unlikely the former owner would have been able to successfully advance its permit."
Otto claims...
Deal with green swan...
https://www.accesswire.com/viewarticle.aspx?id=455651
http://www.canada-resources.ie/index.php/operations/otto-property
LARDER LAKE - Division 80Claim Number: L 4250913Status: ACTIVE - SpecialDue Date:2015-Dec-09Recorded:2010-Apr-09Work Required:$6,400Staked:2010-Mar-17 15:45Total Work:$19,200Township/Area:OTTO (M-0379)Total Reserve:$0Lot Description:All of LOT 6: All of LOT 7, CON 4Present Work Assignment:$0Claim Units:16Claim Bank:$0
Claim Holders
Recorded Holder(s) PercentageClient NumberCBLT INC. ( 100.00 %)411512
Transaction Listing
TypeDateAppliedDescriptionPerformedNumberSTAKER2010-Apr-09RECORDED BY KELLY, KENNETH ARTHUR (1002146)R1080.01157TRAN2011-Jan-06KELLY, KENNETH ARTHUR (402036) TRANSFERS 100.00 % TO 2214098 ONTARIO LTD. (408033)T1180.00011OTHER2012-Apr-10WORK PERFORMED (LC, MAG, PROSP) APPROVED: 2012-JUL-19$9,105Q1280.01016WORK2012-Apr-10$6,400WORK APPLIED (LC, MAG, PROSP) APPROVED: 2012-JUL-19W1280.01016TRAN2012-Aug-202214098 ONTARIO LTD. (408033) TRANSFERS 100.00 % TO SHINING TREE RESOURCES CORP. (409745)T1280.00395OTHER2012-Aug-28WORK PERFORMED (ASSAY, GCHEM, PROSP) APPROVED: 2012-OCT-15$3,739Q1280.02085ORDER2013-Mar-15RECORDER EXTENDS TIME UNTIL AND INCLUDING 2013-Oct-09 FOR WORK AND FILING THEREOF.D1380.00139WORK2013-Oct-09$4,000WORK APPLIEDW1380.02411WORK2013-Oct-09$2,400WORK APPLIEDPROSP APPROVED: 2013-DEC-03W1380.02419ORDER2014-Mar-31RECORDER EXTENDS TIME UNTIL AND INCLUDING 2014-May-26 FOR WORK AND FILING THEREOF.D1480.00172OTHER2014-May-23WORK PERFORMEDPCUT, PRECUT, RAD APPROVED: 2014-MAY-26$1,440Q1480.01154WORK2014-May-23$3,030WORK APPLIEDPCUT, PRECUT, RAD APPROVED: 2014-MAY-26W1480.01154WORK2014-May-26$3,370WORK APPLIEDW1480.01175OTHER2014-Aug-27EXPLORATION PLAN NO. PL13-10027 EFFECTIVE FROM 2013-MAR-20 TO 2015-MAR-20 FOR THE FOLLOWING ACTIVITIES: (LINE CUTTING / LC)J1480.00013ORDER2015-Mar-17RECORDER EXTENDS TIME UNTIL AND INCLUDING 2015-AUG-09 FOR WORK AND FILING THEREOF.D1580.00094ORDER2015-Jul-29RECORDER EXTENDS TIME UNTIL AND INCLUDING 2015-DEC-09 FOR WORK AND FILING THEREOF.D1580.00284MISC2015-Dec-04SPECIAL CIRCUMSTANCES APPLYM1580.00278TRAN2017-Mar-17SHINING TREE RESOURCES CORP. (409745) TRANSFERS 100.0 % TO GREEN SWAN CAPITAL CORP. (411512)T1780.00129MISC2017-Sep-07CLIENT (411512) CHANGES NAME FROM GREEN SWAN CAPITAL CORP. TO CBLT INC.X1700.00030
The JEAP grant was directed towards exploration at CBLT's main Sudbury cobalt/gold property
in 2016. The results of that program included strong diamond drill assay results announced in
December, 2016 and January, 2017, showing continuity of gold and cobalt throughout the vein
system tested (press releases of Dec 14/16 and Jan 11/17). CBLT is following up that work with
a summer, 2017 program that is now underway.
Second, the province of Ontario is supporting CBLT through the office of the Kirkland Lake
District Geologist, who is carrying out exploration activities at its own expense at CBLT's Otto
Lake asset (http://cbltinc.com/otto-lake.html). CBLT is not directing this activity but does have
some input as to its methodology. The DG office has advised that such work will include 'boots
and hammers' prospecting, road access, line cutting, sampling, a geophysic survey of a nature to
be determined, and mapping. All results will be provided to CBLT for its own use throughout the
fall of 2017.
“The JEAP grant and the work by the District Geologist are only two examples of the ongoing
support from the Ontario government to Canada's mining industry,” said Peter M. Clausi,
CBLT's CEO. “Absent a compelling new opportunity, we intend to continue to concentrate our
efforts in this supportive jurisdiction, to help build an ethical supply chain for cobalt. The recent
announcement concerning funding for the Ring of Fire only buttresses our confidence in Ontario
as one of the world's premier mining jurisdictions.”
Green Swan's management has much experience in dealing with the Ontario permitting process,
and believes it can successfully advance the permit process with local communities, First Nations
and MNDM. Green Swan is unable to state how long this process will take or what resources
will be needed. However, as with its Sudbury cobalt-gold asset, Green Swan has demonstrated
an ability to source and acquire lower visibility mining assets that can generate significant
shareholder value.
The consideration for the acquisition is the granting of a 10-year Net Smelter Returns Royalty, at
3% for the first 200,000 ounces of gold and 2% thereafter. During the term of the Net Smelter
Returns Royalty, if Green Swan files a NI43-101 compliant resource estimate of at least one
million ounces of gold grading at least 2 grams of gold per tonne, Green Swan will at that time
immediately owe the vendor a one-time payment of USD$250,000.
This acquisition is an Exempt Transaction and stock exchange approval was not required.
Green Swan intends to continue acquiring highly prospective assets in good mining jurisdictions,
and is focusing on cobalt acquisitions.
About Green Swan Capital Corp.
Green Swan Capital Corp. is a Canadian mineral exploration company with a proven leadership
team. Green Swan is well-poised to further deliver real value to its shareholders.
On Behalf of the Board of Directors
GREEN SWAN CAPITAL CORP.
“Peter M. Clausi”
Peter M. Clausi
CEO and Director
For Further Information:
Peter M. Clausi
pclausi@greenswancapital.com
1 905-681-1925
Neither TSX Venture Exchange nor its Regul
Anyone have a copy of the original complaint? A copy of the response to the counter claim?
Would be good for discussion.
Seems more likely that some of the 600+ million shares issued in 2007 found their way into the market...
From july 16, 2010 -
"We did not write the report. It is independent. Bilikin signed off on it.
BC is the only place that has a problem with it. The Ontario Security commission has not issued a CTO or has the SEC.
This happened weeks ago. Hasn't affect the company ability to do business or your investment.
Merle"
I'm learning a lot about how to properly run a company here. Mgmt here are the same guys that brought you JSHG and other gems. Current SRSR mgmt could learn a few things from their former mgmt that is doing a bang up job running CCAN.
When is it?
Should have, but didn't. They just claimed those were faked. You see, those trees in the pics are actually not turning colors for fall; those are blooms like springtime. The pic of Dan by the sign is photoshopped. I can't make this up that's what they believed. Lol!!!
This is my opinion.
ES1 Lorne dongle is a he Not a she
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=24919967
Hilarious that I now will have to find the post where it is first pointed out that "she" is actually a "he"
Lol! You're too funny! I can't make this up!!
That is my opinion.
Interesting info. Thanks.
That is my opinion.
Surely you jest.
The report was from 2015. The new CIM rules took effect in 2016. The summer geology program determined that the SE zone should be the focus with the D zone being a supplemental zone. The winkie can drill to 475 feet, which is 144 meters. The historical resource of the D zone was to 150 meters depth. The new rules require additional work be done that had previously been done as part of a PEA.
They now basically require you to do elements of a PEA in order to get a resource estimate.
http://magazine.cim.org/en/standards/improved-guidance-for-better-compliance/
Well, I think you helped put that issue to rest.
Not sure how someone confuses autumn leaf color with spring blossoms. I can't make this stuff up!!!
That is my opinion.
Some amazing Photoshop skills. Dan, Otto, and Chance all up there. They did a great job making the lighting and shadows look authentic. Ain't seen work that good since those fake moon landing pictures...
Seriously?!
Interesting
I imagine the price fall had more to do with the recommendations in the NI report that called for additional drilling that had to be done before a compliant resource could be attained, at a time when the expectation for the report being that said resource estimate could be attained by SRSR's drill program. I think the smart investors realized that SRSR'S subsequent PR claiming 11 million tons of "indicated" material was a deception and bailed while the rest of us thought we were going to dollar land based on a figure Keevil allegedly stated as a fair valuation for the project.
The mining boom hadn't peaked in 2009, so that certainly was not the issue. The subsequent interest from Shandong also proves that it wasn't for lack of interest in the project. Very clearly in hindsight is that traders got on board and helped run up the share price. Some of those traders like suvorov were smart enough to get out above 10 cents while the rest of us continued to believe in scott Keevil and his barrel of fish. Problem is that we didn't get that we were the fish.
We do know that NI reports have to be filed on SEDAR within 45 days of disclosing a resource estimate.
We know that the BCSC and other provincial regulators do not like when companies claim a resource when it is not in compliance with NI standards.
We also know that section 18 of an NI report contains the QP's recommendations, such as any additional work required to have an NI compliant resource estimate.
It would seem that previous mgmt either struggled to understand these or possibly tried to circumvent.
Oh, I thought maybe it was truth Bruce's and tar sands son.
Who is Cas Curragh?
https://www.linkedin.com/in/cas-curragh-1aab65128
BCSC seems to disagree with you. They must be looking at alternative facts...
Yep, should have run it like Joshua gold right?
What archibald said.
18.0 Recommendations The next phase of drilling is recommended to extend the deposit to the nm1heast, east and southeasterly from its known limits within the 'D' Zone The nine hole drill program completed by Sarissa during 2008-2009 support the potential for strike and dip extensions to the known mineralized zones. At least two rows of additional holes are required which would fmiher delimit the 'D'Zone mineralization. It includes at least two new grid lines of drilling, one 50 metres north, and the other 50 metres south of the three drilled grid lines already drilled by Sarissa, to be completed during the next exploration phase. The aim of the next phase of drilling is to fully delineate the 'D'Zone Niobium mineralization and to bring the resource and previous reserve estimate to fully NI 43-101 compliant standards for future repmiing by the company. A number of"cross-over" drill-holes at -45 degrees to verify that the ve11ical drilling results of historical drilling is recommended. A detailed preliminary metallurgical testing program is also recommended for inclusion in the program as a Phase two follow-up. It is to be undet1aken as soon as possible to fm1her support the economics of the project. The 'South-East' Area wanants fut1her exploration ad diamond drilling to confirm and expand on this potential resource as well. Drilling is to be done along a systematic UTM grid system and backed up with "cross-over" drill holes to confirm historic drill results and as an aid ill detemuning the dip of the deposit. Fmiher surface exploration using back-hoe trenching, surface geophysics, geochemical surveys and radiometries is not warranted at this stage of the project as the two main mineralized zones need to be properly delineated by detailed drilling. A well-cut, surveyed grid system with GPS stations taken at all turn-off points along the baselines and at all drill-hole locations is to be emplaced prior to any further work on the prope1iy to provide an accurate system tying all historic work to future exploration work. Base Line environmental data collection should also be instituted as good general practice in the event a production or advanced exploration stage is contemplated. Local Aboriginal land issues need also to be addressed as pmt of the same process if advanced exploration or production is contemplated. Respectfully submitted, Billiken Management Services Inc.-John C. Archibald P.Geo
What Srsr reported...
Sarissa Resources Inc. Nemegosenda Drilling Update
Print
Alert
Sarissa Resources, Inc. (PN) (USOTC:SRSR)
Historical Stock Chart
5 Years : From Sep 2012 to Sep 2017
Sarissa Resources Inc. ("Sarissa" or the "Company") (PINKSHEETS: SRSR) is pleased to announce the completion of a further three diamond drill holes on its 100% owned niobium property in northern Ontario. These three vertical holes continued on from the original nine hole program completed earlier this year. The previous drilling program had indicated a resource of 11,000,000 tonnes of 0.46% Nb2O5 within the Hawke Zone (previously the D Zone) as outlined in the Technical Report prepared by Billiken Management Services Inc. in July 2009.
The current program was targeted to test the eastern extension of the previously identified resource, and was conducted under the guidance of Hillar Pintson M.Sc., P.Geo. The core from this current program is being logged and split, and samples being prepared for assay. As these results are obtained, the Company will continue to update the Hawke Zone indicated resource.
In addition the Company has opened up some trenches in the SE Zone. Scintillomoter readings taken within the trenching area have provided significant readings. A program of line cutting will be undertaken in this area in preparation for drill testing and delineation of the zone.
The SE Zone "occurs 1500 metres south east of the 'D' Zone [Hawke Zone]. From the 1955 and 1956 drilling programs by Dominion Gulf, plus re-assaying of nine drill holes by Musto Explorations in 1988 which covered this area, a historical resource of Niobium mineralization was indicated to exist within an area of some 700m X 250m to a depth of 200m." ("Technical Report on the Nemegosenda Property for Sarissa Resources Inc." -- July 21, 2009 -- Billiken Management Services Inc.)
Dr. Cam Cheriton, a director of Sarissa, is a "qualified person" within the meaning of National Instrument 43-101 and has read and is responsible for the technical information contained in this news release.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Sarissa Resources, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
About Sarissa Resources Inc.:
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada.
FOR FURTHER INFORMATION
Contact:
www.sarissaresources.com
and
http://nemegosenda.sarissaresources.com/
Investor Relations:
Merle Goertz
866-307-1331
The BCSC seems to disagree with you about material disclosures in a PR. In fact, the illegitimate disclosure of an unsubstantiated "indicated resource" was precisely the reason they issued a CTO.
The company touted an indicated resource when Archibald's recommendations indicated that more drilling was needed for a compliant resource.
2010 BCSECCOM 346
Cease Trade Order
Sarissa Resources, Inc.
Section 164 of the Securities Act, R.S.B.C. 1996, c. 418
¶ 1 Sarissa Resources, Inc. (Sarissa) is a mineral exploration company with offices in
Oakville and Chapleau, Ontario. Its principle mineral properties are located in
Ontario.
¶ 2 Sarissa is not a reporting issuer in British Columbia. However, it conducts
investor relations activity in and from British Columbia.
¶ 3 In its news release dated August 4, 2009, Sarissa disclosed mineral resource
estimates on its Nemegosenda Project in Ontario.
¶ 4 Under section 4.2 (1)(j) of National Instrument 43-101 Standards of Disclosure
for Mineral Projects, Sarissa was required to file, within 45 day of
August 4, 2009, a technical report that supported its disclosure of the mineral
resources.
¶ 5 Sarissa has not filed the required technical report.
¶ 6 Under section 164(1) of the Act, the Executive Director orders that all trading in
the securities of Sarissa cease until:
1. it files a technical report in the required form on its Nemegosenda Project in
Ontario supporting its disclosure, and
2. the Executive Director makes an order under section 171 of the Act revoking
this order.
¶ 7 June 17, 2010
Robert Holland, P.Geo.
Chief Mining Advisor
Corporate Finance
So the PRs written by Lorne dongle were publicity productions too?
Shocking...
Things are beginning to accelerate for Sarissa and Nio-Star, which is now rapidly moving along its development path. This is the first of several announcements regarding the achievement of significant milestones that will be forthcoming over the next several weeks”, according to Sarissa CEO Scott Keevil
http://ih.advfn.com/p.php?pid=nmona&article=71516331&symbol=NO%5ESRSR
She actually is #1
Named "Lawyer of the Year" by Best Lawyers for:Securities Law, Toronto (2018)
https://www.bestlawyers.com/lawyers/melissa-mackewn/131270
Morality would stop most people from messing with the cores.