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“TIMES THEY ARE A CHANGING”
I just finished reading the article “The American student loan racket” and it really plays into what I have been saying about McGraw-Hill and the other text book publishers. The entire system is rigged to screw over and enslave the young foolish and naive youth of America. The system preys upon their pre-programed mentality that everyone should go to college regardless if the kid really wants to or if he/she has the basic IQ above that of a fence. My ex-wife was a professor of chemistry and writes for McGraw-Hill now and she use to say that the standard to get into college was if the student could fog up a mirror which meant they still had a pulse.
The education system has become America's youth worst enemy and that seems to be alright with every one as long as the money keeps flowing in. The Federal Government pumps billions into the student loan beast and like mindless drones both kids and their parents take the money so their little boy/girl can be just like everyone else, a slave to the government with no hope of ever getting out of it. The government hands out the permanently addictive drug(easy cash for college) and the other creatures like the universities and text book publishing companies take it from them at inflated prices and from that point the student is trapped.
I know first hand how corrupt and evil the slight of hand thieves can be for I was on the inside and married to one of them. I saw a once brilliant mind(my ex-wife Dr Julia Burdge) become totally corrupt to such an extent that her own son now 20 has not spoken or seen her since he was 16 because he sees her as a creature and no longer alive. This is what the wonderful world of Mcgraw-Hill Publishing has done for my family and all for money and greed and they are, along with other companies and colleges and universities destroying the youth of today.
I took my first chemistry class at the University of South Florida about 1979 and there was a professor there named Jesse Binford who wrote a very basic simplified text in black and white with no flashy pages in it and the book looked like something from the 1950's and it was such a good text that even the graduate students used it as reference. As I recall the text was not published from any big company and was done locally. Jesse Binford use to peddle his English fold up bicycle to the university every day to teach and I never saw him in a car. This is where higher education in the USA is heading for or better put “Back To The Future”, where professors are required to get of their ### and teach instead of using the mega flashy texts.
The government supplied the drug(money) and the parasites feed on the ballooning student population that should not have been in college(trade school would have been better) and doubled and tripled the size of text and even more so in price to allegedly accommodate those that need more flash and dash to understand the concepts that they will never use. One parasite after another feeding on the young and foolish and Mcgraw-Hill is one of them.
The parasitic extermination is about to happen and all the QE2 or QE3 or 4 will not stop it nor will anything stop the collapse of the university textbook empires. If you own McGraw-Hill get out now before their final collapse down and buy them back in 3-5 years when I do. Look at their 5 and 10 year stock chart and read http://fallofthehouseofmcgrawhill.com/ and my other post on the message boards about them.
Avino Silver & Gold Mines Analysis
Avino's news release dated for the 2011 outlook and it's recent sampling release(given below) explain why I bought this company years ago and held on to it. The resources just at the Gonzalos Mine area alone make this company a real winner. The Gonzalos Mine will be going back into production after upgrades in both the mine and the milling operation and exploration of it further at the precise time when silver will be making it's real major advance in price. Avino has many years of reserves on location at the Gonzalos Mine in ground and a large tailings resource just waiting for processing that Wardrop Engineering concluded the oxide tailings held a silver and gold resource with an implied value of US43.7 million and estimated net revenue of $31.4 million. These values were calculated using a silver price of US$8.00 per ounce for silver and $500 per ounce for gold, so today's values will be a lot higher(do the math). This company has it all and has weathered the manipulated collapse of both silver and gold prices in previous years by wisely using their time and resources to prepare for this great bull market in the precious metals in the post manipulation period when the true value of the metals will shine through. When full production begins the stock price on this company will come out of the stocks like a race horse and make even it's recent run look small.
http://www.stockwatch.com/News/Item.aspx?bid=U-i0706899-U%3aASGMF-20110111&symbol=ASGMF®ion=U
http://www.marketwire.com/press-release/Avino-Provides-Year-End-Summary-and-Outlook-for-2011-TSX-VENTURE-ASM-1373304.htm
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Avino Provides Year End Summary and Outlook for 2011
2010-12-23 08:00 ET - News Release
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 12/23/10
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB: ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) -
Dear Shareholder,
I am pleased to present a review of Avino's achievements in 2010 and outlook for 2011. With precious metals prices at all times highs and continuing to climb, we are working aggressively to bring the San Gonzalo property into production and capitalize on the opportunities presented by the current markets.
Management remains focused on the following key objectives:
1. Complete the San Gonzalo bulk sample program
2. Continue developing the San Gonzalo resource
3. Resume production as quickly as possible
4. Expand resources, reserves and the mines output
5. Identify and explore new targets on Avino's property
The Avino mine was once described by Spaniards as "a mountain of silver." The mine first opened in the 1500s and reportedly supplied considerable wealth to Spain for hundreds of years. It has operated intermittently ever since, including for 27 years under Avino Silver & Gold Mines beginning in 1974. During the three decades that the mine was in production under Avino, silver grades averaged from 3 to 7 ounces per ton with more than 16 Moz of silver, 96,000 oz of gold and 24Mlb of copper produced through both open pit and underground mining. The mine shut down in 2001 due to low silver prices and closure of a key smelter. As metals prices are once again favorable, Avino is working to re-open the mine through exploration and development of high potential zones close in proximity to its 1250 tpd mill.
San Gonzalo zone
The San Gonzalo zone is located 2 km from the original Avino mine and beneath the shallow workings of an old mine from the colonial period. In 2007-08 Avino conducted a 42-hole, 9,204 meter drill program that produced very encouraging results, including 3908 g/t silver and 13.71 g/t gold over 1.45m. In late 2008, Orequest Consultants completed an NI 43-101 resource calculation for San Gonzalo, and estimated the zone contained 4.75 million ounces of silver and 37,300 ounces of gold.
Avino Vein and the Elena Tolosa Zone
The Avino vein served as Avino's primary source of ore during the 27 years of production. The vein is 1.6km long and 60M wide on the surface and has yet to be mined at depth. To date, the deepest level mined was at the 2,070m level (330m below surface). Currently, the company is exploring an area of the Avino Vein called the Elena Tolosa or ET zone that has a target potential of 2Mt with grades historically averaging over 100 g/t silver.
Tailings Resource
We continue to explore options for exploiting the mine's large tailings resource. This asset includes both oxide and sulphide tailings, with each requiring separate treatment methods. In a 2006 study, Wardrop Engineering concluded the oxide tailings held a silver and gold resource with an implied value of US43.7 million and estimated net revenue of $31.4 million. These values were calculated using a silver price of US$8.00 per ounce for silver and $500 per ounce for gold, so today's values will likely be higher. However, our priority at this time is to take a more long-term perspective by first expanding reserves and re-opening the mine.
The company has just completed it's modernization and capacity increase of the milling operation for the mine.
Avino is exploring five high-quality mineral projects in Canada and Mexico. Other than the Avino mine, which is owned 99.28%, all the company's properties are owned 100%. In Mexico, Avino has over 30 years of operating history and long-standing business relationships
Location: Bralorne region, SW British Columbia
Minerals:Gold, silver, zinc
Ownership:100%
Status:Exploration - diamond drilling
Recent History
Avino has held the Minto Property since 1985, when the company conducted geological, geochemical and geophysical surveys as well as trenching. A number of targets were identified, and these were investigated with trenching in 1987. Due to low gold prices, subsequent work was limited until 2006-2007.
Early History
Minto Gold Mines Ltd. mined the property for gold, copper and lead between 1934 and 1940. Historic production was reported as 17,558 ounces of gold (0.20 opt Au recovered grade), 21,327 lbs. of copper and 124,421 lbs. of lead.
Location: Yukon Territory, Canada
Minerals: Silver, Gold, Indium
Ownership: 100%
Status: Exploration
Located in the Keno Hill mining camp north of Whitehorse, the Eagle Property continues to offer exciting potential. In 2009, through an option agreement with Avino, Mega Silver Inc. drilled six holes over 1900 meters. The program successfully identified strong silver, gold, enriched zinc and lead mineralization hosted in the Eagle vein fault (0.3g/t Au, 284.3 g/t Ag, 3.16%Pb, 7.11% Zn. over 1.3m)
The work also established that the rare earth metal indium, used in plasma screens, is present in significant concentrations of up to 285.4 g/t indium (In) over 1.8m. Despite the strong results, Mega Silver returned the property to Avino so it could focus on its Red Lake project in Ontario. Avino is excited about future exploration at the Eagle property, as more work is needed to fully expose the potential for both silver and indium.
The property has produced very high assays for silver since exploration first occurred there in the 1950s. In 1950-51, the vein was exposed by bulldozer trenching. In 1963-64, Jersey Consolidated Mines Ltd. exposed over 120 metres of the vein. An 11.6 metre section, based on 9 chip samples at 1-to-2 metre intervals, reportedly averaged 442.3 g/t silver, 6.5% lead and 3.9% zinc across an average width of 0.46 metres (including a 1.2 metre section averaging 1,570.3 g/t silver across 0.55 metres; cited by: Archer, 1979).
Part of the Historic Keno Hill Mining Camp
The Keno Hill mining camp is one of Canada's most productive for silver, lead and zinc. Between 1920 and 1988, the total reported production was 4,787,423 tonnes with recovered grades of 1.3 kg/t silver, 5.6% lead and 3.1% zinc. Subsequent exploration in the district has led to the discovery of additional large mineral deposits which may become productive in the near future
Parallel to Structures of the Historic Hector-Calumet Mine
The Eagle Vein is located roughly 1.5 kilometres south of, and parallel to, the vein structures of the Hector-Calumet Mine, which generated almost half of all metal produced in the Keno Hill camp from 1935 to 1972. The Eagle vein varies from 0.6 to 4.9 metres in width with mineralized lenses of silver-rich galena, sphalerite and tetrahedrite in a siderite, pyrite and quartz gangue.
Location: Bralorne Region, British Columbia
Area: 662 hectares (1600 acres)
Minerals:Silver, gold
Ownership:100%
Status:Phase II exploration: diamond drilling
Technical Report (PDF. 25 Kb)
The Olympic-Kelvin Property is located on the south side of Carpenter Lake, five kilometres northeast of Goldbridge in the Lillooet Mining Division, British Columbia. The property is easily accessible by all-weather, publicly-maintained roads.
Testing Two Prospective Zones
Drilling began on the Olympic-Kelvin property in January 2004, following up on work completed in 1988 that outlined two prospective areas for gold and silver: Margarita and Enigma. Three diamond drill holes, totaling 480 metres, are planned to test the Margarita Zone, while one diamond drill hole will test the Enigma Zone.
Location:Southern British Columbia, Canada
Area:10 sq. km
Minerals:Silver, gold
Ownership:100%
Status:Phase I exploration: geochemical, sampling proposed
Technical Report (PDF. 26 Kb)
Prospecting on the very large Aumax Property since 1999 has resulted in high-grade silver and gold assays in soil, rock and trench samples. Silver values have ranged as high as 18 oz/ton with gold assays up to .30 oz/ton.
With the probable opening of the nearby Bralorne gold mine in 2004, the possibility exists for custom milling of any ore discovered on the Aumax property.
Proposed Mapping and Soil Sampling
Geological studies conducted late in 2002 concluded that the discoveries to date lie downslope of the mineral source. A subsequent report recommended a Phase 1 program of more prospecting, geological mapping and additional soil sampling to determine the source of the mineralization. Based on the results of this program, Phase 2 exploration would include trenching and possible diamond drilling.
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http://www.stockwatch.com/News/Item.aspx?bid=U-i0706899-U%3aASGMF-20110111&symbol=ASGMF®ion=U
Avino Samples Up to 0.65m of 4576 g/t Ag & 9.09 g/t Au at San Gonzalo
2011-01-11 08:00 ET - News Release
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 01/11/11
Avino Silver & Gold Mines Ltd. (TSX VENTURE: ASM)(OTCBB: ASGMF)(BERLIN: GV6)(FRANKFURT: GV6) (Avino) is pleased to report on further progress from the bulk sampling program at Avino's San Gonzalo mine 85Km North east of Durango, Mexico.
Avino has been developing two stopes 2-080 and 2-140 above the 2260 level. To date approximately 10,000 tonnes have been mined and stockpiled. The mill has been processing development rock from the initial drift along the San Gonzalo vein on the 2260 level but will start on the stockpiled rock from the stopes by the end of this week.
AMERIX PRECIOUS METAL ANALYSIS
Amerix Precious Metals Corporation, based in Toronto, Canada, is a mineral exploration and development company, that is focused on gold projects in the Tapajos Region in Brazil. The Company is currently carrying out an exploration program on its 100%-owned Limão gold property where a high-grade gold deposit has been established at a historical past-producing open pit. The Company recently sold its interest in the Ouro Roxo project to a Brazil consortium but retains a 2.5% Gross Royalty on gold production from the project, with production expected to commence by Q3/2010.The Company expects to receive 18,750 oz of gold(2.5% royalty of 750,000 told oz), from the Ouro Roxo project over the next 12 to 15 years. This should yield about $3,125,000 per year with an average gold price of $2000 per oz. The first payment is expected as soon as the project commences production and reach fully production payment in the 3-4th year.
The Limão Project is located in the central-northeast portion of the Tapajós Gold Province approximately 180 kilometres south of the city of Itaituba (pop. 70,000) and 30 kilometres east-north-east of the oldest and most important prospecting community in the region Cuiu-Cuiu. Access to the property is exclusively by air from Itaituba. The Limão property has great potential to become a significant gold project with high-grade historic intercepts, including 47 g/t gold over 13 metres. Early in 2010, the Company announced the review of a confirmation of high-grade gold potential on the Limão property. The confirmation was rendered by an independent geologist – Clinton Davis. Mr. Davis confirmed the historical data taken from eleven samples on Limão, indicating 2.37 grams per tonne gold to 106.6 per tonne gold. The average grade of the samples was 38.5 grams per tonne gold (1.22 oz per tonne gold). Historical drill results in the 1990s identified two high-grade bedrock intercepts, 13 m @ 47 g/t gold; and 6.8 m @ 18.7 g/t gold. Mineralization at the Limão project is similar to that of Malartic and McDermott Gold deposits in Quebec; West Timmins in Ontario; the
Cripple Creek project in Colorado; and Rattlesnake Hills in Wyoming. Successful development of this project will significantly change its intrinsic value, which should have a beneficial effect on the Company’s stock price. The Limão and Ouro Roxo projects are located in the mining-friendly Tapajos Region of Brazil, which is one of the largest under-developed alluvial gold areas in the world. The region is estimated to have produced between 20 and 30 million oz of gold over the past 20 years.
Management has demonstrated the ability to survive the credit-constrained period when low commodity prices and the weak global economy drove investors’ interest away from risky assets, especially high-risk junior mining companies. Management also possesses expertise in resource exploration and development and the ability to develop a long-term relationship with the partners like the Brazilian consortium who are financially stronger to take on the development of the Ouro Roxo project. Going forward, it is expected that Amerix will continue to seek a strategic partnership to develop the Limão property. With only 156,023,652 fully diluted shares outstanding as of December 31st 2010 and a low financial burn rate of about $43,000 per month (slightly more for future Ouro Roxo development) and the cash flow from the Limão Project for the next 12-15 years the company is in good shape to further expand at the beginning of this massive gold bull market. With it's current dirt cheap price, it is one of the few juniors that has the potential to be a real 10 to 20 bagger with little effort and at this current low price it has no down side risk.
THE ABYSS
When you think about investing in Mcgraw-Hill, ask your self first who is going to buy their expensive
text books when the student money ends beginning in 2011. The graduating students today can not find work to even begin paying off all their student loans. The old way of hiding out at the university during economic down turns is not working because the economy is getting worse and will do so for many years and there will be no money for college and none for new text books.
It took 25 years for the DOW to regain the same leave it was prior to the crash of 1929 and the Greatest Depression this country in just entering will be even worse. There will be no need for McGraw-Hill's reporting agencies such as the Standard and Poors or JD Powers for no one will have any money to invest and the last thing they will want is more of the the same that got them into poverty in the first place with stock investments.
The game is over and in 2011 the American people are going to really know it. The last thing on their minds will be investing in publishing companies that will not regain their previous highs again for at least 25 years. Mcgraw-Hill is heading for the abyss and it will become painfully evident in 2011. Read my other post and get out now and buy the company back south of a $1.00 per share in about 5 years.
CANALASKA URANIUM ANALYSIS TWO
Favorable fundamentals support aggressive uranium exploration
Led by power-hungry countries such as China and India, the number of nuclear power plants worldwide is expected to increase from 436 units today to over 550 within the next two decades. As the world’s existing sources of mined uranium supply presently meets only 2/3 of outstanding demand, significant new sources of uranium need to be discovered to fill this growing deficit. Correspondingly, the long-term price of uranium has increased from US$9 per pound in 2003 to approx. US$60 per pound present-day.
Company Highlights
?? The Athabasca Basin contains the world’s most potent supply of uranium The large high-grade uranium deposits in the Athabasca Basin produce the richest uranium mines in the world. The Cigar Lake and McArthur River mines of Cameco and AREVA each hold resources exceeding 200 million pounds, grading between 17-25% U3O8 (uranium oxide). These deposits possess gross realizable values in excess of $20 billion. Uranium ore mined from McArthur River or Cigar Lake is worth in excess of $30,000 per tonne as compared with approx. $25 - $150 per tonne from other major uranium production regions around the world. CanAlaska has positioned itself well for the discovery of one or more of these “mega” uranium deposits.
?? Aggressive Exploration CanAlaska’s exploration team comprises seasoned geologists and geophysicists with considerable uranium exploration experience. It is headed by Mr. Peter Dasler, P.Geo., President, and Dr. Karl Schimann, P.Geo., V.P. Exploration. Dr. Schimann spent 20 years with uranium-giant Cogema/AREVA, where he participated as a member of the exploration team that discovered and developed the giant Cigar Lake uranium mine. CanAlaska ranks among the most active uranium exploration companies operating in the Athabasca Basin. Since 2004, CanAlaska has expended over Cdn$70 million in the exploration of its projects and is poised for discovery success.
?? Global Strategic Partnerships Led by Mr. Emil Fung, V.P. Corp. Development, CanAlaska has built long-term relationships with international strategic partners to provide exploration funding. Japan’s Mitsubishi Corporation has funded C$12.5 million towards exploration on the West McArthur Project as a 50% joint venture partner. Similarly, a Korean consortium led by Hanwha, and comprising KEPCO, KORES and SK Energy, has invested C$14.3 mil. in the Cree East Project under a C$19 mil. option to earn a 50% ownership interest. Canadian miner Kodiak Exploration is working on the Company’s McTavish Project under a C$4 mil option to earn a 50% interest. As a result of these global funding partnerships, the Company is able to maintain an aggressive exploration profile despite the depressed state of the global financial markets.
CONCLUSION: Canada indisputably has the richest Uranium deposits in the world and CanAlaska has been quietly laying claims to a large part of it. This company will be the best pick of the junior Canadian companies once Uranium takes off again in price and that is not far off. With the current price for oil at $92 per barrel and coal shortages world wide the eyes of industry will again be looking at Uranium. This stock will be the best percentage gainer of all the juniors.
CANALASKA URANIUM ANALYSIS ONE
CanAlaska Uranium Ltd. is undertaking uranium exploration in twenty-one uranium projects across 4,000 sq. miles of territory in Canada’s prolific Athabasca Basin - home to the world’s richest uranium deposits and supplier of 25% of its uranium known as the "Saudi Arabia of Uranium". Since September 2004, the Company has aggressively acquired one of the largest land positions in the region, comprising over 2,500,000 acres (approx. 10,000 sq. km or 4,000 sq. miles). To-date, CanAlaska has expended over Cdn$70 million exploring its properties and has delineated multiple uranium targets.
CanAlaska's geological expertise and high exploration profile has attracted the attention of major international strategic partners. Among others, Japanese conglomerate Mitsubishi Corporation is a 50% joint venture partner in the West McArthur Project and has provided the Company with over Cdn$12.5 mil. in exploration funding. Exploration of CanAlaska's Cree East Project is also progressing under a Cdn$19 mil. joint venture with a consortium of Korean companies led by Hanwha Corp., and comprising Korea Electric Power Corp., Korea Resources Corp. and SK Energy Co., Ltd. Exploration commenced in 2009 with Chinese mining partner East Resources Inc. on the Poplar Project, comprising a potential 100,000 metres of drill testing. Canadian explorer Kodiak Exploration has recently optioned the Company's McTavish Project to advance exploration with the goal of attaining a 60% project interest earn-in by delineating a minimum of 35 million pounds U3O8. CanAlaska has also pioneered collaboration in uranium exploration with Canada's native First Nations. At its Fond Du Lac Project, the Company is a 50% partner with the Fond Du Lac Denesuline First Nation, undertaking exploration on the community's Reserve Lands where the Company believes there exists significant potential to increase the size of an existing 1 million pound historical uranium resource. .
CONCLUSION: Canada indisputably has the richest Uranium deposits in the world and CanAlaska has been quietly laying claims to a large part of it. This company will be the best pick of the junior Canadian companies once Uranium takes off again in price and that is not far off. With the current price for oil at $92 per barrel and coal shortages world wide the eyes of industry will again be looking at Uranium. This stock will be the best percentage gainer of all the juniors.
McGraw-Hill Gets Something Right For Once-They Can Be Taught.
For once McGraw-Hill does something right that can have a positive impact on students at a university by buying Tegrity's service which acts, in part, as a fully search-able digital video recorder for the classroom, enabling colleges and universities to automatically record every class for review by students anytime and anywhere. I spent years as a student at universities and also was married to a professor of chemistry at one and it is well past the time that the lectures should be recorded for viewing and also the accountability of professors actions and the quality of their lectures. This will make the tenured lazy professors get off their @$$ and begin to give students a decent lecture. This is a product well over due for the system and will cut down on the arrogance of professors who are over controlling and in many cases down right perverts in the USA university system. The USA university system unfortunately due to the tenured status of professors and upper management, become a haven for perverted behavior toward students (in private of course) because they know they can not be fired from their job. Like medical doctors in the USA the system is controlled buy the “good old boys” club mentality where they protect each other. Getting their lectures on video is a start to breaking this perverted behavior down.
This will not save McGraw-Hill from the coming crash in its stock price due to the imploding world economies and the company's own greed and mismanagement in diversification in other companies where it should not be. The days of the huge flashy and very expensive paper textbooks and their rip off authors is coming to an end. As stated in my website about McGraw-Hill the company will survive and it will go back to the basics, combined with modern technology that will end up saving it after the crash is over. The Tegrity service could be such an innovation I have described if it is managed correctly without the greed factor of the past. For a fuller view of this read my other post on the message boards and my free website, http://fallofthehouseofmcgrawhill.com/ and sell MHP now if you own the stock and buy it back when I do some where south of $1.00 per share in 3-5 years when the collapse is complete.
NO, McGraw-Hill Dividends Will Not Last Forever
I just finished reading an article called “McGraw-Hill's Dividends May Not Last Forever” by Jordan DiPietro published on December 28, 2010 that made me laugh this morning. Starting the article with anticipation from the title that some one out there may be just looking out side the bubble world that is quickly popping right now. I was quickly let down as the title was a pure deception to get an investor believing that all is going well just as the Titanic hits the iceberg and that this ship is unsinkable so just go back to bed and ignore what is really going on. How naïve can a person be not to even mention the current world events better put, wolves at the door of McGraw-Hill and all the bloated pot belly publishers of college text books. No mention that the USA and world economies are in collapse, that the Federal Reserve is printing trillions of fake money in order to purchase US Treasury paper because the foreign governments will not buy the trash, that the USA economy is really in a economic depression covered up by the Fed's cheap printed money, that unemployment is really at the 22% level as per shadowstats.com and the Federal student loan campaign is nothing more than a scam to enslave generations of foolish young people and their even more foolish parents. Mcgraw-Hill and Jordon DiPietro the author are like the rich folks on the Titanic having whiskey and cigars, ignoring the rising water level. Mcgraw-Hill and the others may be steaming along at full speed now but it is only because the system is rigged and that is about to end. When the markets collapsed 2 years ago McGraw-Hill imploded from its all time high of about $72 to about $16 in a mater of months and the only thing that stopped it was the government Tarp bailout and the beginning of the trillions of dollars printed that has not yet been account for. The government pumped in trillions of their monopoly money into the markets and into student loans and dozens of other social welfare scams to keep the party going. Now all these graduating students with massive student loans are entering the job market and there are no jobs.
In a previous article I posted recently called, “Dump The Publishers Like McGraw-Hill” I tell the story of what is really happening and going to happen relating Mcgraw-Hills publishing division which is only about 17% of the total company(Please Read The Entire Article). Given in part “The number two prediction of the National Inflation Association top 10 predictions for 2011 is the the beginning of the bankruptcy of the American colleges. The article posted below explains what I have been saying for some time. The college and university system is as corrupt and wasteful as the Federal Government is. The publishing companies that supply the flashy text books at exorbitant prices which students are forced to buy, by demand of corrupt professors who may be the author or aspiring to be one are as guilty as the university system itself. The party is ending and publishing companies like McGraw-Hill who supply such text books are going to take the fall in the next few years. With the the rapid decline of the university population because of the imploding economy and soon to be shut down of the also corrupt student loan scam, there will be no need for more flashy text books. The older ones in the 4th or above additions will be used until the pages fall out and professors will have to actual get off their ass and learn to teach instead of being parasites.”
McGraw-Hill is a parasite like many companies of the consumerism years that is now ending with the collapse of the USA and will not be handing out dividends much longer. The party is over and the water is rising quickly on the deck of the Titanic and I would be buying a lifeboat of gold and silver bullion and their mining stocks instead of a corrupt industry of publishing stocks. Read all my article on the message boards for the real truth.
Pacific Rim Signs Binding Letter of Intent to Acquire Remance Project, Panama
Press Release Source: Pacific Rim Mining Corp. On Friday August 20, 2010, 8:15 am EDT
VANCOUVER, BRITISH COLUMBIA--08/20/10 - Pacific Rim Mining Corp. ("Pacific Rim" or the "Company") (TSX:PMU - News)(AMEX:PMU - News) through its Panamanian subsidiary Minera Verde S.A. ("Minera Verde"), has signed a binding Letter of Intent with Compania Minera Clifton S.A. ("Minera Clifton") (collectively with the Company and Minera Verde, the "Parties") to acquire a 100% interest in the Remance project located in Panama, Central America.
"We have been evaluating and pursuing the Remance project for over 9 months," states Tom Shrake, President and CEO, "and are extremely pleased to have secured this exciting prospect. Remance hosts a large epithermal gold system and has many of the same characteristics that our El Dorado project in El Salvador exhibited when we first began work there. Like El Dorado, the Remance epithermal system appears to be largely preserved from surface erosion and virtually unexplored at depth. Outstanding projects like this are extremely rare, particularly in geologically endowed, mining-friendly jurisdictions like Panama. Our hard work and patience in seeking a new high quality exploration target has paid off. We look forward to commencing exploration at Remance, unraveling the geologic puzzle and building value with the drill bit. In the meantime, we continue our efforts to resolve the permitting issues at El Dorado so that the value we have built in that project can be realized for the benefit of both shareholders and Salvadoran citizens."
The Parties have agreed to sign a formal option agreement (the "Formal Agreement") granting Minera Verde the exclusive right and option (the "Option") to acquire 100% of Minera Clifton's right, title and interest in the Remance project as soon as practicable. The Formal Agreement is subject to all required regulatory approvals, including the approval of the Toronto Stock Exchange (the "TSX"). The Option may be exercised by the Company by completing the following terms:
1. paying to Minera Clifton the sum of US$200,000.00 (the "Cash Payment"),
payable as follows:
On the date of execution of the Formal Agreement by
the Parties: US $50,000
On the date which is 3 months after the date of
execution of the Formal Agreement: US $50,000
On the date which is 6 months after the date of
execution of the Formal Agreement: US $50,000
On the date which is 10 months after the date of
execution of the Formal Agreement: US $50,000
2. on the date of execution of the Formal Agreement, issuing to Minera
Clifton a total of 5 million common shares of Pacific Rim (the
"Acquisition Shares");
3. within the Option Period (as defined below), conducting a drilling
program on the Concession of at least 10,000 metres, and initiating
environmental and metallurgical studies on the Remance project
(collectively, the "Drilling Program"). The Option Period is the period
which begins on the date on which Pacific Rim has received all required
permissions and approvals of the Panamanian government to begin the
Drilling Program, and which ends on the date which is 12 months
thereafter; and
4. on or before the date which is 10 days after the last day of the Option
Period, giving written notice to Minera Clifton that it intends to
exercise the Option, in consideration of which Pacific Rim will pay to
Minera Clifton, as soon as practicable thereafter, the sum of
US$5,000,000, payable, at the election of Minera Clifton, in cash or
common shares of Pacific Rim (the "Additional Shares").
History and Geology of the Remance Project
The Remance project is located in the Veraguas Province, Panama, 28 kilometres north of the Provincial capital of Santiago and 400 kilometres west of Panama City. Access to the project is via paved and improved gravel road. The site ideal for mining as it is remote, has existing power lines, is sparsely populated and has little significant agriculture.
The mineralized system at Remance consists of a four kilometre long series of banded epithermal veins occurring over a width of approximately 1.5 kilometres, hosted by Miocene volcanics of the Canazas Formation. One of these veins (the "Principal Vein") hosted small-scale underground mining operations as recently as the mid 1990's and produced approximately 88,000 ounces of gold, primarily from a 500-metre length of the vein, to maximum depths of approximately 80 metres below surface. Vein widths in the most recent underground operation averaged 1.7 metres and mill recoveries were in the range of 86-92% recovery, depending on grind size and retention time. A limited drill program of shallow holes in the 1990's resulted in the discovery of numerous gold occurrences in the Principal, Huaty, Esperanza and Tullido veins. These occurrences in combination with the historic production at Remance, and the geological hallmarks of the project are indicative of the presence of additional high-grade gold mineralization at depth, worthy of a systematic drill program.
Records from 100 shallow holes previously drilled at the Remance project have been reviewed by the Company. Results indicate gold mineralization in the Remance veins ranging from less than 1 to 68.53 g/t Au over true vein widths of 0.17 to 6.4 metres.
Highlights of vein intercepts from this shallow drilling undertaken by previous operators include: 12.55 g/t Au over a true width of 2.3 metres in drill hole number DH-76 and,18.7 g/t Au over a true width of 1.1 metres in drill hole DH-69; both from the Huaty vein. The Esperanza Vein intersected 13.39 g/t Au over a true width of 2.3 metres in drill hole DH-114. Drilling on the Toro vein includes: 68.5 g/t over a true width of 0.85 metres in drill hole DH-90; 16.9 g/t Au over 1.9 metres in DDH-96; and 37.3 g/t Au over a true width of 0.6 metres in DDH 86.
Remance also benefits from near-surface bulk mineable targets as evidenced by drill hole DH-67 which intersected 14.2 meters averaging 3.9 g/t gold at Huaty and drill holes DH-111 (44.4 metres averaging 4.15 g/t Au), DH-137 (34.0 metres averaging 2.18 g/t Au), and DH-110 (29.7 metres averaging 1.82 g/t Au) at Tullido. Drill hole DH-45 hit 6.8 g/t Au over 4.6 metres near the surface along the Principal Vein.
Remance is a classic epithermal system much like the Company's El Dorado system in El Salvador. Like the El Dorado system, most of the productive part of the gold-bearing epithermal system at Remance appears to be preserved from erosion. Typically these types of systems have vertical extents of 400 or more metres, of which only the top 80 metres have been explored at Remance. While drilling data is limited, gold grades appear to improve towards the centre of the productive interval as is typical with this type of epithermal system.
The Company collected and analyzed confirmatory surface samples. The drill results presented herein were generated by knowledgeable explorers working for Heron Exploration Inc ("Heron"). Heron conducted the exploration program prior to Minera Clifton's involvement in the project. Both Minera Clifton and Heron are at arm's length to the Company. The drill results were generated in advance of the implementation of National Instrument 43-101 and undue significance should not be placed on them. There has been insufficient work to date to define a NI 43-101-compliant resource on the project, and it is uncertain if further exploration will result in delineation of an economic mineral resource on the property. The Company intends to conduct a thorough and systematic drill program at the Remance project and will report its results in a manner compliant with NI 43-101. This program will include environmental and metallurgical studies. The first phase will cost in excess of $1million which will require additional financing to complete.
About Pacific Rim
Pacific Rim is an environmentally and socially responsible exploration company focused exclusively on high grade, environmentally clean gold deposits in the Americas. Pacific Rim's primary asset is the high grade, vein-hosted El Dorado gold project in El Salvador. The Company also owns several similar grassroots gold projects in El Salvador and is actively seeking additional assets elsewhere in the Americas that fit its focus.
On behalf of the board of directors,
Thomas C. Shrake, President and CEO
National Instrument 43-101 Disclosure
Mr. David Ernst, Chief Geologist, has conducted due diligence geological investigations and confirmatory sampling at the Remance Project . Mr. Ernst is geologist licensed by the State of Washington, an employee of Pacific Rim and a Qualified Person as defined in NI 43-101 who is responsible for the technical information provided herein.
Pacific Rim's sampling procedures follow the Exploration Best Practices Guidelines outlined by the Mining Standards Task Force and adopted by the TSX. Samples are assayed using fire assay with a gravimetric finish on a 30-gram split. Quality control measures, including check- and sample standard-assaying, are being implemented. Samples are assayed by Inspectorate America Corporation in Reno, Nevada USA, an ISO 9002 certified laboratory, independent of Pacific Rim.
PACIFIC RIM ANALYSIS
Pacific Rim is an environmentally and socially responsible exploration company focused exclusively on high grade, environmentally clean gold deposits in the Americas. Pacific Rim's subsidiary PacRim is the owner of the high grade, vein-hosted El Dorado gold project in El Salvador. Through its subsidiaries, Pacific Rim owns several similar grassroots gold projects in El Salvador and the Company is actively seeking additional assets elsewhere in the Americas that fit its project focus.
THE EL DORADO PROJECT: is 100% owned by Pacific Rim through its wholly-owned subsidiaries Pac Rim Cayman LLC ("Pac Rim"), a Nevada corporation, and its Salvadoran enterprises Pacific Rim El Salvador, S.A. de C.V. ("PRES"), and Dorado Exploraciones, S.A. de C.V., inclusive ("DOREX"). Pacific Rim's advanced stage El Dorado gold project comprises a 144 square kilometre area located in El Salvador, approximately 65 km east of capital San Salvador. The most recent resource estimate for the El Dorado project was announced on January 17, 2008. This resource estimate tabulated 1.4 million gold equivalent ounces in the Measured and Indicated resource categories combined and a further 0.3 million gold equivalent ounces in the Inferred category. With National Instrument 43-101 in hand and a per-feasibility done in 2005 with good results the company stands ready to enter into mining operations once the CAFTA suit is resolved and restitution paid to it by the El Salvadorian Government.
Current Status
In July 2008 Pacific Rim suspend all drilling activity at the El Dorado project doing only low cost surface exploration work, minor community and environmental initiatives, security, and non-recurring expenditures related to reductions in activity in order to preserve capital and substantially reduce the company's investment activity while the El Dorado permitting issue is resolved. Latin America's political corruption and extortion which is a common thread in that part of the world shut the project down in 2008. In April 2009 Pac Rim filed international arbitration proceedings against the Government of El Salvador (the "Government") under CAFTA and retained the Washington, DC-based international law firm of Crowell & Moring, LLP to represent it in the arbitration and is seeking award of damages in the hundreds of millions of dollars from the Government for its multiple breaches of international and Salvadoran law for it's failure to finalize the permitting process as it is required to do and to respect Pac Rim's and the Enterprises' legal rights to develop mining activities in El Salvador. Pac Rim and the Enterprises have operated in full compliance with Salvadoran law, including the country's environmental, mining and foreign investment laws, and have met or exceeded all applicable standards while conducting business in El Salvador. Ample evidence demonstrates that the Government has failed to fulfill its obligations vis-à-vis Pac Rim and the Enterprises. The arbitration will be administered under the Convention on the Settlement of Investment Disputes Between States and Nationals of Other States and the Rules of Procedure for Arbitration Proceedings of the International Centre for Settlement of Investment Disputes ("ICSID"). ICSID is an affiliate of the World Bank and is headquartered in Washington, D.C. Once an arbitral tribunal is constituted, the length of the ensuing proceedings may range from approximately two to three years.
In a decision dated August 2, 2010, at the International Centre for Settlement of Investment Disputes ("ICSID") the tribunal ruled in favor of PacRim, rejecting the all of the arguments made by Government of El Salvador Preliminary Objection filed under Articles 10.20.4 and 10.20.5 of CAFTA. Tom Shrake, President and CEO stated,"We are very pleased with ICSID's decision on the Preliminary Objection. "This is a positive and crucial step in the CAFTA process for PacRim. We are, however, reticent to celebrate as we believe a more productive outcome is possible for both the Salvadoran people and foreign investors. With this phase of the arbitration now completed, we hope to resume a mutually beneficial dialogue with the Government to resolve the impasse on the El Dorado project."
CURRENT OTHER ACTIVE PROJECTS: During 2004, Pacific Rim's geologists made a breakthrough on their understanding of the relationship between the bonanza gold mineralizing event at El Dorado and the volcanic history of the district. As a result, the Company has made a number of new gold discoveries on El Dorado, including the Nance Dulce structural zone and the Hacienda and Gallardo targets. The Company is now applying this geological insight to its exploration efforts elsewhere in El Salvador, (which resulted in the identification of high grade gold at the Santa Rita and Zamora Projects.
THE SANTA RITA PROJECT: is a 48.6 square kilometer (4,860 hectare) Exploration License located roughly 10 km from the Company's flagship El Dorado gold project where sampling indicates the presence of high-grade gold. The Santa Rita project provides excellent exploration blue sky within El Salvador that will both complement and benefit from the Company's on-going El Dorado exploration. The Trinidad vein, one of two known vein structures on the project, has to date been traced over a distance of 1400 meters in a northwest -- southeast direction. Seven rock samples collected across the Trinidad vein over a 500 meter strike length at the southern end of its exposure yielded the following results: 6.43 g/t gold over 1.5 meters; 14.59 g/t gold over 1.0 meter; 25.76 g/t gold over 1.5 meters; 118.29 g/t gold over 1.5 meters; 32.67 g/t gold over 0.5 meters; 12.64 g/t gold over 2.0 meters; and 59.52 g/t gold over 1.5 meters.
THE ZAMORA PROJECT: The expanded Zamora project comprises a 125 square km land package located 50 km north of San Salvador, the capital city of El Salvador. The project exposes high-level gold bearing veins with grab sampling by the Company within a small portion of the project area has returned values of between 0.01 and 27.24 g/t gold over vein widths of 1 to 4 meters. Of the twenty-seven samples collected, fourteen returned values of more than 1 g/t gold. Highlights include 27.24 g/t gold over 1 meter, 11.37 g/t gold and 173 g/t silver over 4 meters and 10.10 g/t gold and 3700 g/t silver over 3 meters.
CONCLUSION: It is very evident that Pacific Rim has a rich resource base and with the tribunal loss of by the El Salvadorian Government ensures Rim Pac will proceed with the development of it's resources. The Central American Bandits have lost and they will be paying restitution in many forms for many years to come that will open the road for smooth development of all of Pacific Rim's properties. On Friday August 20, 2010 Pacific Rim announced the agreement for acquisition of the Remance Project in Panama which shows the company is moving forward locking up as many resources in Central America as it can before the current Gold Bull Markets steps into full gear(see news release). Investors that hung in there and the new ones just now buying in will be rewarded handsomely in the coming years. With the combined resource base of all three projects and the government now at their mercy the stock price in this company will go hyperbolic in the next 12 months as investment money floods in.
CORAL GOLD NEWS FOR 2011
I still firmly believe as stated in my ANALYSIS on this message board that Coral Gold is fluffing itself up for buy out from a large company in a stock swap. Their below news release I think is just part of this process?
Coral Provides Year End Summary and Outlook for 2011
VANCOUVER, BRITISH COLUMBIA -- 12/24/10
Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) -
Dear Shareholder,
I am pleased to present a review of Coral's achievements in 2010 and outlook for 2011. With gold prices at all-time highs and continuing to climb, Coral is in prime position to capitalize on current market sentiments.
Management Remains Focused on the Following Key Objectives:
1. Move Robertson towards production
2. Upgrade the property's inferred gold resource
3. Produce a Preliminary Economic Assessment ("PEA")
4. Acquire permitting for further exploration on Robertson from the BLM
Focused On Moving Towards Production
With the price of gold holding above $1,000, we are focused on moving the Robertson project towards production. We have looked at the option of continuing to expand resources like we've done over the past several years, but we believe that greater value now lies in upgrading resources and laying the groundwork for an open pit/heap leach operation. Past feasibility studies were conducted by Amax Gold/MDRI (now AMEC) at Robertson in 1994, when gold was under $400 per ounce, and are greatly assisting Coral's work today.
Vista Gold Analysis
This once tiny company that bought up slews of gold-rich properties for pennies on the dollar years ago when gold was so out of favor nobody would touch them. People thought they were crazy, but now with gold firmly above $1,000, the shoe’s on the other foot. Properties which were virtually worthless when gold was down around $300 an ounce have suddenly become immensely valuable. This once-shunned tiny penny gold, is now sitting on 17.3 million ounces of gold. The street value of that much gold is $17.4 BILLION at $1000 per oz. Now, this tiny penny gold is starting to cash in its chips and bring two of its mines into production. When you have a tiny company bringing tons, literally tons, of gold to market, you know the shares are ready to move up. This company will be one of the great price percentage gainers in the next 5 years. A bargain at it's current price for a long term hold to sell in 3-5 years from now. See company website for current updates. AMEX www.vistagold.com
I do not normally respond to messages posted but in this case I have to totally agree with this posting regarding VGZ and GBG as the best plays out there. Their in ground assets and management make these two companies both far superior to the large companies with current high stock prices. I own both and if I had any spare change I would buy more but currently fully invested in a variety of both small and large mining companies. The percentage gain for these two companies will out pace the big companies by a lot. When the real move into the mining stocks begins it will be stocks like these that make the big money. Hold them both for about 2 years to squeeze the money out of them.
Dump The Publishers Like McGraw-Hill
The number two prediction of the National Inflation Association top 10 predictions for 2011 is the the beginning of the bankruptcy of the American colleges. The article posted below explains what I have been saying for some time. The college and university system is as corrupt and wasteful as the Federal Government is. The publishing companies that supply the flashy text books at exorbitant prices which students are forced to buy, by demand of corrupt professors who may be the author or aspiring to be one are as guilty as the university system itself. The party is ending and publishing companies like McGraw-Hill who supply such text books are going to take the fall in the next few years. With the the rapid decline of the university population because of the imploding economy and soon to be shut down of the also corrupt student loan scam, there will be no need for more flashy text books. The older ones in the 4th or above additions will be used until the pages fall out and professors will have to actual get off their ass and learn to teach instead of being parasites. Read my free website http://fallofthehouseofmcgrawhill.com/ and sell McGraw-Hill now if you own it and buy it back south of $1.00 per share in 3-5 years from now. Read my other post about the company and corrupt system which is not just limited to Mcgraw-Hill.
2) Colleges will begin to go bankrupt and close their doors.
We have a college education bubble in America that was made possible by the U.S. government's willingness to give out cheap and easy student loans. With all of the technological advances that have been taking place worldwide, the cost for a college education in America should be getting cheaper. Instead, private four-year colleges have averaged 5.6% tuition inflation over the past six years.
College tuitions are the one thing in America that never declined in price during the panic of 2008. Despite collapsing stock market and Real Estate prices, college tuition costs surged to new highs as Americans instinctively sought to become better educated in order to better ride out and survive the economic crisis. Unfortunately, American students who overpaid for college educations are graduating and finding out that their degrees are worthless and no jobs are available for them. They would have been better off going straight into the work force and investing their money into gold and silver. That way, they would have real wealth today instead of debt and would already have valuable work place experience, which is much more important than any piece of paper.
Colleges and universities took on ambitious construction projects and built new libraries, gyms, and sporting venues, that added no value to the education of students. These projects were intended for the sole purpose of impressing students and their families. The administrators of these colleges knew that no matter how high tuitions rose, students would be able to simply borrow more from the government in order to pay them.
Americans today can purchase just about any type of good on Amazon.com, cheaper than they can find it in retail stores. This is because Amazon.com is a lot more efficient and doesn't have the overhead costs of brick and mortar retailers. NIA expects to see a new trend of Americans seeking to become educated cheaply over the Internet. There will be a huge drop off in demand for traditional college degrees. NIA expects to see many colleges default on their debts in 2011. These colleges will be forced to either downsize and educate students more cost effectively or close their doors for good.
What Is McGraw-Hill Thinking??????
I previously was under the impression that that McGraw-Hill had through it's Standard & Poor's financial division, new that the great experiment called the USA was over and that there was only the great fall into the hyperinflation abyss like the German Wiemar Republic of the early 1920's, compliments from the US Federal Reserve which itself is a private corporation and has nothing to do in legal terms with the US Federal Government(long sentence for you grammatically correct people).
It is true that there will be much more natural gas available because of the new formation fracture method in natural gas production and the demand will shift to it and away from oil and the world will be better for it. Mcgraw-Hill nor any other company or investor needs a lot data to wade through or purchase to figure this out. Just grab one of the unemployed rock licking geologist(I'm a geologist among many things) and ask him.
The days are soon coming to an end where massive amounts of data are needed to figure out what is about to happen, just look out your window for the real climate report and walk around any city for the financial report. McGraw-Hill just does not get it-that it took 25 years for the DOW to recover to it's previous highs after the Crash of 1929 and the one that is coming at us is going to be the Greatest Depression in history.
In the next 20 years, those that survive will not give a damn about tedious financial reports unless it is where they can get their next meal from. Given the fact that the governments financial information is totally corrupt and the Standard & Poors of McGraw-Hill was caught in a massive corruption scheme faking the real values, then who is going to believe anything that Platt's division is going to say and more important who will care? We know that natural gas will/is more plentiful and that yes the price will still go up regardless of the old supply and demand axiom because the game is rigid. What Mcgraw-Hill should be doing with their extra cash is buying natural gas and gold and silver and their good mining companies and storing this away for their survival.
I want Mcgraw-Hill to survive because I intend to buy it as a penny stock south of $1.00 in about 5 years when the world economic collapse has exhausted itself. Buying more junk to store in their garage already full of it is a sign of real sickness in those who run McGraw-Hill which even surprises me. This is not a condemnation of any company McGraw-Hill purchases but of Mcgraw-Hill itself for being such a materialistic collector when the age of materialism is over. They keep this up and I will have to down grade then to the sub-penny level for future purchase price. Read for free, http://fallofthehouseofmcgrawhill.com/ and my other posting about this company on all the major message boards and other websites.
STARFIELD RESOURCES ANALYSIS
Starfield Resources Inc. is an exploration and development stage company exploring for copper, nickel and platinum group elements (PGE) in North America. The Company has three main projects: a PGE project in Montana's Stillwater District; a copper project in California's historic Moonlight Copper Mining District; and a nickel-copper-cobalt-PGE project in Ferguson Lake, Nunavut.
Additional assets include a nickel-copper-chrome project in Montana, and a portfolio of eight gold properties in Nevada which are currently under joint venture agreement with Golden Predator.
In December 2008, Starfield discovered a micro-diamond in a till sample, as well as diamond-indicator garnet grains in another nearby sample in the Y Lake Trend of its Ferguson Lake property. Previous geophysics identified this and several other areas of the property as highly prospective for diamonds. The Company entered into a joint venture agreement with Thanda Resources in September 2009, to further explore the diamond potential.
Starfield is also funding the development of a novel, environmentally friendly and highly energy-efficient hydrometallurgical flow sheet to recover metals from its Ferguson Lake massive sulphides. This innovative process will enable the Company to produce high purity metal, key industry reagents and its own electrical power, and to recycle key reagents, all in a cost effective and environmentally friendly manner.
Due to the recent increase in both the demand and price for chrome and chrome products, it has engaged Scott Wilson RPA ("RPA") to review and update an October 1988 feasibility study on its Montana chrome properties. The Montana chrome properties contain the formerly operating Benbow and Mountain View Mines, which are the only chrome mines to ever produce in North America, and were last operated during the Korean War. A non NI 43-101 compliant feasibility study was completed by James Askew Associates Inc.(Askew) for Chrome Corporation of America in 1988. Starfield is actively pursuing an off-take agreement (a contract for the purchase of product) and/or joint venture agreement in an effort to move this project forward," said Andre Douchane, President and CEO. "We believe that with a positive update of the Askew feasibility study, the Benbow and Mountain View Mines could be reopened and producing within two years. Results of the updated feasibility study are expected by year-end”.
Starfield is one company I am amazed it's stock price has not taken off. This company has good resources just waiting to be plucked from the ground and the stock price just sits there while other companies with far less are beginning the upward turns in the future parabolic rise of the juniors. This company is a pure take over candidate by one of the big companies for it's resource base. Buy it cheap now and own the stock in the company that takes it over.
MADISON MINERALS ANALYSIS
Madison Minerals Inc. is a gold and silver exploration company with two key assets in its portfolio. Both projects are strategically located next to gold mining projects owned and operated by senior gold mining companies and both projects possess enormous potential.
Mt. Kare Property, Papua New Guinea
The Mt Kare project in Papua New Guinea (PNG) has a resource of approximately 2 million ounces of gold and 20 million ounces of silver. The property is contiguous with and shares a similar geological and structural setting as the world-class Porgera Mine (8.2 million ounces of gold in reserves) owned and operated by Barrick Gold. Mt. Kare hosts an NI 43-101 compliant indicated resource of 1.4 million ounces of gold contained in 18.83 million tonnes grading 2.31 g/t gold and 17.31 g/t silver, using a 1 gram gold-equivalent cutoff grade, plus another 288,000 ounces contained within an inferred resource of 5.75 million tonnes at 1.56 g/t gold and 9.5 g/t silver. Madison worked on the Mt Kare property for close to ten years and has spent in excess of $33,000,000 Canadian to date. Madison Minerals presently owns a 100% interest in the Mt. Kare Property, which includes a 10% interest held in trust for local landowners.
F.W. Lewis property in Nevada
The second asset is the F.W. Lewis property in Nevada and it directly abuts Newmont Mining’s Phoenix-Fortitude complex that has over 6,000,000 ounces of gold in its resource base, millions of ounces of both gold and silver having been already produced. The company traced the extension of the Virgin Zone north from the Newmont boundary onto the Lewis Property for at least 4.5 kilometers, of which only a small portion has been drill-tested to date. Madison's drilling has also tested a series of associated structural splays, one of which returned bonanza grades of 17.5 g/t gold and 48.1 g/t silver over 32 meters at its intersection with the Virgin Zone.
Belencillo Project, Panama
Madison Minerals, through a wholly owned Panamanian subsidiary, holds a 31.12% interest in the Belencillo Concession situated in the Petaquilla Mineral District of eastern Panama. The remaining interest is owned by Petaquilla Minerals Ltd., the operator of the nearby Molejon Gold Mine scheduled to begin production in 2009. Upon receipt of all permits, the newly constructed, 2,200-tonne-per-day Molejon Mine is expected to produce 100,000 ounces of gold in its first full year of operation. Madison is seeking to sell this interest on the most favorable terms obtainable.
CONCLUSION
Because of the two-decade bear market in the gold and silver sector which has now been proven by the Gate organization to have been caused by illegal collusion by the world central banks , the capital investment from the senior precious metals companies exploration programs collapsed. During that same period, only high-grade gold was mined in a process known as “high grading”. Companies fought for their very survival by mining their high grade ore that was easily assessable when gold was at historically low prices. The result is that their major reserves and resources have been severely depleted so they are constantly on the lookout for new discoveries to replenish their asset base.
The senior companies that need large deposits due to economies of scale are currently scrambling to buy up the junior exploration companies with large deposits that will be viable within their operation and organizational structures. What is just beginning and will continue for the next ten years is the last great gold rush(all precious metals) and to be followed later by the rare earth metal rush on this earth. This will build into a feeding frenzy in the next two years for the last great asset grab on earth in the metals. This is one of the compelling reasons for Madison’s ultimate success in addition to the fact that they have a management team that is proven and successful. This is a team that has made a practice of finding quality properties close to or contiguous to those successful projects operated by senior mining companies. Mergers and acquisitions will continue to dominate the industry as the senior mining companies seek to increase their depleted resource base with companies like Madison Minerals.
This company has been building a foundation for many years based in trust, projects, exploration, evaluation, and joint ventures. This long term patience in company building by Madison has built a large base of loyal shareholders who know what is going to occur when projects like the Lewis project is fully realized. Madison is going to be an overnight success once they are recognized by investors for the company has spent the last tens years reaching the point they are at now. Quality projects usually take a great deal of money and a great deal of time. Madison has expended both on their major projects and that gives them excellent value at this stage of the game. I fully expect that the company will be bought out by either Newmont or Barrick for the known resource base of Madison and that today's share holders will be owners of stock in the winning company. Madison in the coming months is just waiting of it's share price to rise for better parity stock swap from it's Prince Charming. Buy Madison at these cheap prices before it goes up and get an incredible stock swap deal from either Barrick or Newmont in the next 12 months. With only 37.4 issued and outstanding shares and a total of 41.7 fully diluted as of May 2010, the stock swap will be an incredible deal for current Madison stock holders.
CALEDONIA MINING ANALYSIS
I have watched this company for years and have always been amazed the tenacity of the management in dealing with the politics of what ever dictator is running the country it has operations out of. Their stand against the Zimbabwe government along with the other mining companies freed them from the grips of confiscation by the government of gold mined. Africa and it's dictators will in the next few years learn from this and when that happens there will be fortunes made on the continent by the small mining companies like Caledonia that have stayed the course and expanded under difficult conditions. Caledonia is an exploration, development and mining corporation focused on Africa. The Corporation’s primary assets are a gold operation in Zimbabwe, a base metals exploration project in Zambia (Nama), platinum group and base metals (PGE) projects in South Africa (Rooipoort/Mapochs) and a non-producing gold mine in South Africa (Eersteling) which has been identified for possible disposal. Caledonia also has diamond projects in Zambia and South Africa. Now that Blanket has been returned to a production level of approximately 550 tonnes per day (“tpd”) the focus is now on completing the No. 4 Shaft Expansion Project to achieve the planned 40,000 ounces of gold production per annum. In addition to the No. 4 Shaft Expansion Project, judicious expenditure on the essential sustaining capital expenditure will continue to progressively remedy the lack of investment over the last few years due to foreign currency shortages. Activity at Nama and Rooipoort/Mapochs properties will be determined by available cash resources.
Provided a satisfactory investment climate is created in Zimbabwe and the Zimbabwean indigenization requirements and obligations are finally clarified and economically viable, Caledonia intends to make the significant capital investments in Blanket, which are required to sustain gold production at 40,000 ounces per annum. At the Nama base metals exploration project in Zambia, the ongoing field work supports their current understanding of the geological structure and the possible continuation into the Nama Project area of the Copperbelt style mineralization that exists on neighboring properties. Tenders have been called for an initial multi-hole, deep-level diamond drilling program to explore for Copperbelt style mineralization. This program is expected to commence in 2011 as soon as the ground conditions permit after the rainy season. Discussions with the South African Department of Mineral Resources continue regarding the extension of the period of the exploration plan previously submitted in respect of the Company’s exploration projects at Rooipoort and Mapochsgronde.”
Financial highlights for the Quarter and the nine months ended September 30.
For the quarter ended September 30, 2010 Caledonia generated revenue of $6.331 million from the sale of 4,934 ounces of gold at an average sale price of US$1,241 per ounce and a cash cost of US$651 per ounce, realizing a gross profit of $2.878 million and a net profit of $1.647 million. Commenting on the quarter’s performance, Stefan Hayden, President and CEO said: “I am pleased to report that gold production at the Blanket mine was 45% higher than in the previous quarter. This was an outstanding and highly commendable performance by the Blanket and Caledonia management teams. This increase in production was also due to the implementation of a revised mine plan, improved recoveries from the metallurgical plant and the installation of the first standby generator in late June. The generator has allowed underground operations to continue during interruptions to the normal electricity supply. Blanket’s cash costs decreased significantly from US$816 per ounce in the second quarter to US$651 per ounce in the third quarter. We expect that Blanket’s cash costs will continue to decrease as production increases to an annualized level of approximately 40,000 ounces of gold per annum by the end of 2010, following the commissioning of the No. 4 Shaft Expansion Project at the end of third quarter.
Caledonia will be big in Africa within 5 years and at it's current depressed price it is a bargain that will make you rich in the future. Their management as stated above is the key along with their diverse asset base that will make this a company you wished you would have bought at these very low prices.
CANARC RESOURCE CORP. ANALYSIS
Canarc Resource Corp. is a growth-oriented, gold exploration company listed on the TSX (CCM) and the OTC-BB (CRCUF). Canarc is currently focused on exploring its recently acquired Tay LP gold property in south-central Yukon and seeking a partner to advance its 1.1 million oz, high grade, underground, New Polaris gold mine project in north-western British Columbia to the feasibility stage. In the third quarter of 2010, Cap-Ex Ventures Ltd. (TSX-V: CEV), ("Cap-Ex") who have an option on Canarc's Tay-LP property in the Yukon completed a 470 kilometer, helicopter-borne, VTEM geophysical survey over the Tay-LP gold property. Upon receipt of the geophysical data and interpretive maps from the geophysical contractor, Cap-Ex will prioritize the most favourable targets for follow-up in 2011 with more detailed ground geophysics, geological mapping and diamond drilling.
Canarc's management continues to seek strategic alternatives such as a joint venture or other means to advance the New Polaris high grade gold project to mine development and a full feasibility study. Discussions are currently underway with several parties. The company is also look for and acquiring attractive gold exploration and mining projects in North America to further expand it's base in the precious metals for the current boom in the industry that is expected to go on for many years.
On November 23rd 2010 Canarc announced that it had arranged a non-brokered private placement equity financing of up to approximately CA$2.0 million to fund the company for the 2011 year. With Barrick Gold Corp. as a shareholder in Canarc and the coming year funding in place for 2011 and an expanding asset base in projects, Canarc stands as a good buy out target for a major company like Barrick. The buying out of junior companies like Canarc by the big producers that are hungry for resource base replacement will increase into a frenzy in the next two years until it ends in a bidding war for the junior exploration companies. With this in mind you can be sure that Canarc will be a prime target and that it's share price will reflect this. Canarc needs to hold out as long as possible to bid up it's share price before a buy out offer is made which will give the best share swap ratio with the new big company stock that current share holders will get. It is possible that Carnac will keep forming joint ventures with smaller companies but I expect that the frenzy for resource asset base will mushroom and Canarc will be capture by a large company like Barrick which will be a major pluss for the current stock holders of Canarc. A recent event that turns the tide in the direction of Canarc becoming a producer in the short term and it's commitment to expand its resource base is the purchase of the Relief Canyon Gold Mine assets in Nevada. Canarc announced on December 21nd 2010 that it was the successful bidder to acquire a largely built and permitted, open pit, heap leach gold mine through a bankruptcy court auction held in Reno, Nevada. Canarc has agreed to purchase the Relief Canyon gold mine assets from Firstgold Corporation for US$11 million, subject to a due diligence period expiring February 4, 2011. See the news release for all the details. What this shows is possibly Canarc's turn to be a producer on the short term using this new acquired property with both the Tay LP gold property in south-central Yukon and the 1.1 million oz, high grade, underground, New Polaris gold mine project in north-western British Columbia as future developments. Canarc's management is expanding their options now as either a producer that will stay independent or as a take over by a larger company
Canarc Agrees to Purchase the Relief Canyon Gold Mine Assets in Nevada; Arranges Cdn$12 Million Bridge Loan; Conference Call Scheduled at 10:30 am PDT, Wednesday, December 22, 2010
Vancouver, Canada – December 21, 2010 - Canarc Resource Corp. (TSX: CCM, OTC-BB: CRCUF, DB-F: CAN) announces that it is the successful bidder to acquire a largely built and permitted, open pit, heap leach gold mine through a bankruptcy court auction held in Reno, Nevada. Canarc has agreed to purchase the Relief Canyon gold mine assets from Firstgold Corporation for US$11 million, subject to a due diligence period expiring February 4, 2011.
To view a video with Chairman and CEO Bradford Cooke's commentary on the acquisition click here:
http://canarc.net/news/index.php?content_id=271
Bridge Loan
As a condition of its winning bid, Canarc has paid a non-refundable US$300,000 deposit to Firstgold in trust pending Canarc’s final due diligence. To facilitate the mine purchase and minimize shareholder dilution, Canarc has arranged a Cdn$12 million bridge loan with Effisolar, a company focused on investments in energy and mining, subject to Effisolar’s due diligence, execution of definitive loan documents and regulatory and exchange approval. The loan will close on or before February 3, 2011, maturing in one year, bearing simple annual interest of 12% and secured by a first charge on the Relief Canyon gold mine assets. Canarc will issue a closing bonus of 1 million common shares to Effisolar and will have the right to repay the loan at any time after 6 months.
Should Canarc elect not to proceed with the purchase of the Relief Canyon gold mine assets, the Company is obligated to pay an additional US$300,000 to Firstgold but in return, Firstgold will transfer to Canarc ownership of their fully built, permitted and operating commercial assay laboratory located near the Relief Canyon mine-site. Another mining company bid US$600,000 at the bankruptcy court auction to purchase this lab and they have indicated to Canarc their interest in negotiating an agreement regarding possible shared operation and/or ownership of the lab.
To facilitate the lab purchase if needed, Canarc has arranged a separate Cdn$300,000 convertible loan with Effisolar, subject to Effisolar’s due diligence, execution of definitive loan documents and regulatory and exchange approval. At Canarc’s election, the loan will close on or before February 3, 2011, maturing in one month, bearing no interest and will automatically convert into Canarc common shares based on the 10 day average closing price on the TSX prior to closing this loan, subject to TSX approval.
Relief Canyon Gold Mine
Canarc has completed extensive technical due diligence regarding the Relief Canyon Gold Mine assets including two site visits and full data review. The Relief Canyon gold mine assets were reviewed for Firstgold by an independent engineering firm in a technical report completed to NI 43-101 standards dated June 7, 2010.
Click here for the Relief Canyon property presentation:
http://canarc.net/_resources/Relief_Canyon-Dec_2010_BC.pdf
Background information and highlights of the mine and related facilities can be summarized as follows:
Excellent location, access and infrastructure – Property situated approximately 16 miles east-northeast of Lovelock, Nevada and 110 miles northeast of Reno, NV along Hwy I-80 and serviced by the local power grid, telephone lines and 2 water wells
Established mining district - Property consists of 120 unpatented mill-site claims and 19 unpatented lode mining claims totalling 949 acres, partly subject to a 4% NSR royalty, on-trend and about 2 miles south of the Rochester silver mine of Coeur D’Alene Mines (past production of 127 million oz silver and 1.5 million oz gold)
Brief production history – Property produced approximately 135,000 oz gold, discovered by Duval Corp. in 1981, explored by Santa Fe and Lacana Corp. from 1982-84, developed by Lacana as an open pit, heap leach gold mine in 1984, closed due to poor gold recoveries in 1985, re-developed by Pegasus Gold from 1987 to 1989, who then closed and reclaimed the mine dumps. J.D. Welsh rinsed and reclaimed the old leach pads in 1993-94.
Heap leach gold recoveries - Lacana achieved only 45-50% gold recoveries because they did not crush the ore and leached only run-of mine material, but Pegasus crushed and agglomerated the ore and achieved 65-70% gold recoveries.
Extensive exploration history – Large drill database of 591 drill holes, Firstgold acquired the mine property in 1995, expanded and modernized the Pegasus ADR plant in 1995, drilled the property from 1996 to 2008, tried to reprocess 225,000 tonnes of newly crushed, old heap material on a newly built and permitted leach pad, but failed to produce any meaningful amount of gold, and filed for bankruptcy protection in January, 2010.
Strata-bound gold mineralization – Gold mineralization is associated with relatively flat-lying jasperoid breccias replacing limestones along a shallow dipping fault zone separating the Cane Spring and Grass Valley Formations - the gold occurs as native gold or electrum associated with recoverable silver, and anomalous arsenic, antimony and mercury within an envelope of silica, carbonate and clay alteration
Fully built facilities – New, fully permitted, 72 acre, 4 pad heap leach facility with the 1st pad fully built and ready for use, a two stage crushing circuit, radial stacker and conveyers, 3,000 gallon per minute ADR process plant, mine offices, warehouse, maintenance shop, assay lab at a separate site, additional offices in Lovelock, Nevada, 26 pieces of mobile equipment, 2 drill rigs, 12 operating permits and a US$2.8 million reclamation bond
Historic gold resources – At a 0.01 oz per ton cut-off grade, the independent engineering firm estimated an indicated resource of 100,000 oz gold contained in 4.655 million tons grading 0.022 oz per ton gold plus 35,000 oz gold of inferred resource contained in 1.616 million tons grading 0.021 oz per ton gold on the property. These resources are considered historic because Firstgold never filed the aforementioned technical report with a regulatory body in Canada, they have not been independently verified by Canarc and therefore they should not be relied upon.
Additional acquisition opportunities – Firstgold identified several other properties reporting gold resources within a 10 mile radius of Relief Canyon that are possible candidates for acquisition
Excellent exploration upside – Exciting drill intercepts in the North Zone only 1 mile north of the old pits, including 0.109 oz per ton over 45 ft in hole RCM07-39, 0.057 oz per ton over 280 ft in hole RCM07-72, 0.049 oz per ton over 140 ft in hole NT08-04 and 0.932 oz per ton over 15 ft in hole NT08-02 - some outcropping anomalous jasperoid zones have never been drilled. These drill results are considered historic because Firstgold never filed the aforementioned technical report with a regulatory body in Canada, they have not been independently verified by Canarc and therefore they should not be relied upon.
Turnkey gold mine - Should be able to start producing gold within 12 months of acquisition, subject to acquiring one last permit to commence mining in the existing open pit area.
Upon closing the purchase of the Relief Canyon gold mine assets on or before February 4, 2011, Canarc plans to carry out a 3-4 month, US$500,000 asset enhancement work program of diamond drilling, metallurgical testing, resource estimation, mine planning and a prefeasibility economic assessment.
Canarc then plans to raise up to US$22 million through a gold convertible loan in order to retire the Cdn$12 million bridge loan and invest US$7 million in remaining capital expenditures with the intention of bringing the Relief Canyon gold mine back into production. Canarc has received several expressions of interest from prospective lenders for a gold convertible loan facility.
Canarc was ably assisted in its efforts to acquire the Relief Canyon gold mine assets by Auramet Trading LLC, who will receive a 3% finder’s fee upon the closing of this US$11 million transaction.
GREAT BASIN GOLD ANALYSIS
Great Basin Gold is a mining company engaged in the development and exploration of Gold properties. The company is currently in late stage development at two projects in the world’s two most well known gold producing regions, with a substantial resource base of 13 million ounces in the measured and indicated category. The Hollister project is located on the Carlin Trend in Nevada, USA and the Burnstone project, is located on the Witwatersrand Basin in South Africa. Great Basin Gold plans to become a mid-tier gold producer through a well-defined strategy of developing their near term production projects into high margin mining units while increasing reserves and resources base through focused exploration programs.
For the past four years Great Basin has focused on two advanced stage gold projects, the Hollister Property on the Carlin Trend in Nevada, USA, where underground exploration and development has been underway on a portion of the property called the Hollister Development Block (“HDB”) and also at the Burnstone Project in the Witwatersrand goldfield in South Africa. Feasibility studies have been completed on both projects, and they are in the underground access and pre-production phase. The company announced that the Burnstone Metallurgical Plant project achieved a major milestone with the first gold pour completed on October 31, 2010. Ferdi Dippenaar, President and CEO, commented: "Good progress continues to be made with the commissioning of the Burnstone Metallurgical Plant. The first gold pour is always a significant milestone and attention has now shifted to the commissioning of the CIL process and the remaining infrastructure. Operationally, the metallurgical plant commissioning has gone well with no major incidents causing significant delays."
On November 9, 2010, Vancouver, BC the company announced that trial mining in the Blanket Zone above the Main Clementine vein #18 at its
Hollister project in Nevada has encountered bonanza grades of gold and silver. The Company cautions investors and readers that we are making this announcement out of an abundance of concern over interpretation of this information and, as the information may be known locally in the region of the mine site, the Company felt obligated to make it public. Channel sampling carried out in conjunction with trial mining in the Blanket Zone has encountered the bonanza grades over a strike distance of 170 feet (57 meters). Channel samples taken every 10 feet (3 meters) gave values ranging from a low of 1.5 oz/ton (52.0 g/t) Au and 3.2 oz/ton (111.9 g/t) Ag to a high of 2,560.4 oz/ton (88,845.9 g/t) Au and 1,829.8 oz/ton (63,494.1 g/t) Ag over channel widths from 0.3 to 2 feet wide. The current stope is continuously mineralized along its 180-foot (60-meter) length. Diluted over 3.5 feet (the width of the stope development), the average sample values were 66.4 oz/ton (2,404 g/t) Au and 78.5 oz/ton (2,723.9 g/t) Ag. Muck piles have also been sampled; grabs are taken over the pile to collect as representative a sample as possible (between 10-15 lb. Are collected every 10 feet). The fully diluted value of the muck samples taken from the stope to date averages 22.3 oz/t (773.8 g/t) Au and 23.4 oz/ton (811.9 g/t) Ag.
CONCLUSION
The Company is currently focused on bringing two mines in the world’s two richest gold producing regions into production. The Hollister gold project is located on the Carlin Trend in Nevada, USA and the Burnstone gold mine is located in the Witwatersrand Basin goldfield of South Africa that is now in operation. With 13 million oz in reserve at the minimum this company will be at the top of the list of premier precious metal mining companies in the world and stock price is expected to be well over a $100 per share within 3 years considering the precious metal boom has only really just begun.
Coral Gold Analysis
The below statement from the companies own website says it all, “Because Nevada's gold mines are maturing, major producers such as Barrick Gold and Newmont will need to replace reserves either through exploration or by acquiring defined resource from junior companies, such as Coral Gold.” Coral gold is fluffing itself up to be taken over by it's big neighbor Barrick and joint venture partner in two of Corals claim blocks the Excluded Claims and the Norma Sass claims. Coral wants to get it's share price up higher by having confirmed drill results for its wholly owned and huge potential 3.4 million oz inferred Robertson Claim before the buy out is offered to get a better share swap with Barrick. With only 42,503,438 shares fully deluted the share swap will be good once Coral's share price is higher. Barrick does not want another big company coming into their back yard when such mineral rich claims like Coral's that are continuous with theirs and their current operating mines in the area are ready to exploit Corals potential. Barrick now understands from their current large mining operations on the Carlin Trend that the potential for Coral Golds claims are huge. This is why they have to own Coral Gold to get the rest of its resources like the rich Robenson claims that have millions of ounces of gold. They will not want other big companies like Newmont or Gold Corp to enter the picture. Coral Gold will play it's cards as the only female in town and let them fight over it with the highest bidder buying out it's sweet ass of claims. Coral Gold will do well for it's share holders in the end. Just sit back and wait for the buy out from Barrick and you will have Barrick shares which will be a good deal and longer term hold.
Coral's projects are situated along the Cortez gold trend, which lies southwest of the renowned Carlin trend. The Cortez and Carlin trends represent the United States' key gold region, accounting for three-quarters of the country's gold output. Coral's primary properties---Robertson, Excluded, Norma Sass and Ruf---lie in the south Crescent Valley region. Coral owns 100% interest in the Robertson claims, while the Excluded Claims operate under a 61/39 joint venture (carried interest) with Barrick Gold Mines. Norma Sass and Ruf are joint ventures with Levon Resources Ltd. Coral Gold also holds 100% interest in the Lander Ranch and Blue Nugget claims, located immediately north of Robertson.
Shares issued: 32,513,391 Options: 2,555,500 Warrants: 7,000,120 + 434,427 (Finder's Warrants) - Total: 7,434,547 Fully Diluted 42,503,438
I received the below email from the management of Silver Buckle Mines on November 5th 2010 in response to my inquiry about the status of the company and the known mineral claims it has. As the this email shows all the mineral claims of the company are leased to U.S. Silver Corp that expires on 3/21/2017. The full details of the lease are provided in the email. Silver Buckle Mines in Wallace, Idaho is one of the oldest companies in the rich Silver Valley Mining District of Northern Idaho. The 87 mineral claims are prime silver deposits just waiting to be produced on. The 87 claims was formerly leased in 1997 to Coeur d'Alene Mines Corporation, the largest silver mine producer in the world. Coeur d'Alene in the years after the lease expanded so rapidly that it had to shed some of it's long term assets like the Silver Buckle lease to concentrate on the projects in current operation and thus the sale to U.S Silver Corporation.
With the rapidly rising demand and price for silver world wide it is reasonable to expect that attention will so be brought to the production on the claims. As the management says in the email, they will be inquiring into the future status of the lease activity. It is just a mater of time before this company takes off in price. As silver prices rise steadily as they have been and then go parabolic so will all companies involved. Silver Buckle Mines has no debt, no financial out put and a lease for all of their 87 mineral claims for production. Theirs is a total win situation and for investors who are in no rush. Buy this company now at such low prices and put it on your retirement shelf as it's stock price will ripen as the months and years go by.
U.S. Silver Corporation, the formerly private firm headquartered in Wallace, has completed its merger into Chrysalis Capital III Corporation, a publicly traded Canadian company. Shares are trading on the TSX under the new symbol “USA”. Last summer, the firm bought the Silver Valley properties of Coeur d'Alene Mines. This included one asset that’s now operating: the Galena Mine… and two that aren’t: the Coeur Mine and the 5,000-foot deep Caladay exploration shaft. U.S. Silver has said it plans to boost spending on exploration and development, but there’s no official word on expected production levels at the Galena this year. Outfits with property under lease around the Galena include American Silver (PinkSheets:ASLM)… Sterling Mining (OTCBB:SRLM)… and Silver Buckle Mines (PinkSheets:SBUM).
SILVER BUCKLE MINE EMAIL
I received you inquiry regarding Silver Buckle Mines, as you stated the Company has 87 unpatented mining claims near the Galena Mine and the Caladay shaft.
These claims were leased in 1997 to Coeur d'Alene Mines Corp, at that time the operator of the Galena Mine and owner of the Caladay. I think in 2006 Coeur d' Alene Mines sold this operation and the Silver Buckle lease to a new entity U.S Silver Corp (USSIF). Silver Buckle Mines does not have a web site. But, base on our communications with US Silver last year and in the first part of 2010, they had no intention of exploring on the Silver Buckle properties in the near future. At that time, they had limited funding, major repairs on going on their shaft and closer less expensive targets to explore. Since that time, silver prices and US Silver Corp's stock price and financial conditions have improved greatly. Our board will be visiting with U.S. Silver management soon to review their plans for our properties. Our lease with U.S. Silver Corp expires 3/21/2017. The lease provides for a minimum 20% net profits royalty, which increases based on the price of silver up to a 40% when silver is above $16.50 / ounce. The leaser also pays the annual BLM fees, pays a monthly advance royalty which is currently $600, and has to perform $125,000 of work on or for the benefit of our property every five years.
Dennis O'Brien-Silver Buckle Mines
MHP The McGraw-Hill Companies, Inc The publisher said its third-quarter profit totaled $390M, down from $452M in the same quarter a year before. As I have stated before in previous postings and in my website http://fallofthehouseofmcgrawhill.com/ that tells the McGraw-Hill story, the company is on the way down. If not for all QE 1 and QE 2 McGraw-Hill like many companies like it would be well on it's way down their death spiral. Their high of about $72 per share is a far cry from where they are now and the approximate $16 per share reach in the last two years would have been considered the good times if the Federal Reserve have not started printing their monopoly money and handing it out to Wall Street to keep the game going. The student loan scam hand outs are ending and will completely end in the next year once the US Dollar implodes like the German Mark did in 1921-22 in the Wiemar Republic collapse. University and college campuses will shrivel up like prunes and so will all service companies servicing them. Text book publishing companies like McGraw-Hill will be the hardest hit and so will the authors.
As I have said before, McGraw-Hill will survive but only after all the corruption and arrogance and greed is washed out of the company along with the authors that promote such a life style. The party is over now and all involved must face the hang over. There are many big companies like Mcgraw-Hill and only after they have it bottom and bounced along this bottom for years in the coming Greatest Depression will they begin their recovery. Watch their stock plunge again beginning in the Spring of 2011 and through the Summer. The final step off the edge of the great plunge will happen when hyper-inflation is in full force and the Dollar is dumped by governments around the world. Students will no longer need textbooks, only Tin Cups to eat at the soup kitchen and to use for begging for chance on the street.
McGraw-Hill will become a true penny stock again and you will be able to buy it at some where below $1.00 a share, 3-5 years from now. If you have doubts about this, just look at their 5 year chart and see how fast their stock plunge was from $72 per share. The only thing that halted it was the trillions of dollars dumped into the markets by they Federal Reserve in the QE 1 mass printing. Those days are quickly ending and so is McGraw-Hill's. If you own the stock now I would rush to sell it and buy it back when I do some where south of $1.00. Remember it took 25 years for the Dow stock average to recover to the same level it was just before the crash of 1929, will you live that long? You have been warned.
Allied Nevada reports best-ever Q3
By: Liezel Hill
22nd October 2010
TORONTO - Reno-based Allied Nevada Gold sold 30 585 oz of gold and 69 365 oz of silver in the third quarter, a new record for the company, it reported on Friday.
The average cost of sales in the quarter was around $416/oz of gold sold.
Allied Nevada said it expects to meet its 2010 production target of 100 000 oz of gold, at an average cost of sales of between $400/oz and $450/oz.
"We are pleased with the smooth operating performance at Hycroft with now three consistent quarters meeting production and cost expectations," CEO Scott Caldwell said in a statement.
"The mine is moving quickly on the first stage of its transformation with new larger mining equipment being introduced and the first crusher operating as expected."
Allied Nevada is orking on an expansion of the capacity to mine and process oxide mineralisation at Hycroft, which it announced in April this year.
The updated also announced in September it had updated a scoping study on a project to develop the underlying sulphide resource at its Hycroft mine, and is looking at a much bigger milling facility than previously indicated in an April 2010 study.
Production is forecast at 610 000 oz of gold and 27-million ounces of silver a year (altogether 1,1-million ounces of gold-equivalent), from a combined 100 000-t/d milling operation and 74 000-t/d heap-leach operation, the company said at the time.
Edited by: Liezel Hill
Allied Nevada Drills 233 Meters Grading 2.02 g/t Gold Equivalent1
in the Vortex Zone at Hycroft
November 23, 2010 – Reno, Nevada – Allied Nevada Gold Corp. (“Allied Nevada” or the “Company”) (TSX: ANV; NYSE-A: ANV) is pleased to provide an update to recent Vortex Zone drilling, including highlights from two newly drilled holes at its wholly owned Hycroft mine located near Winnemucca, Nevada. Highlights from the these holes include 233 meters grading 2.02 g/t AuEq2 (0.73 g/t Au and 67 g/t Ag), and 192 meters grading 0.93 g/t AuEq (0.53 g/t Au and 20.89 g/t Ag).
“We continue to see impressively long runs of mineralization with higher grade silver values in the Vortex Zone,” comments Dave Flint, Vice President Exploration for Allied Nevada. “As we near the end of the successful 2010 exploration program, we are confident that the data collected through this infill program at Vortex will show a positive impact to the year-end resource estimate.”
The Vortex Zone currently has been defined by exploration drilling over a 950 by 850 meter area, and with mineralization encountered to depths of 650 meters. A higher grade zone of mineralization within the Vortex Zone has been intersected in 30 holes over a strike length of 600 meters and a vertical range of 400 meters. The thickness of the higher grade zone, which occurs above the East Fault, is as much as 100 meters. Vortex gold and silver mineralization is associated with a hydrothermal breccia and the silver mineralization is primarily contained within the mineral pyrargyrite. Drilling at the Vortex Zone indicates that the mineralization is contiguous with both the Brimstone and Central deposits. The Vortex Zone mineralization remains largely open along strike to the north, south, west and at depth.
Core hole H10D-3896 (233 meters grading 2.02 g/t AuEq) was part of the recently completed definition drill program at Vortex. Core hole H10D-3503 is a step-out hole drilled in northeast region of the Vortex area. Mineralization encountered in this drillhole (192.3 meters grading 0.93 g/t AuEq), remains open to the north and west. Follow up drilling will be conducted during 2010 and the first quarter of 2011.
Year to date 366 infill and exploration holes totaling 93,200 meters have been drilled. The Vortex Zone infill program for 2010 was completed during the first half of November. The remainder of the 2010 drill program for Hycroft will focus on infill drilling of the Central and Brimstone pits, step out drilling along the northern portion of Vortex and west of the Central Pit, and property wide exploration. A total of 25-30 additional holes are planned for the remainder of 2010.
Allied Nevada maintains a strict quality control program at all of its projects. Drill samples are picked up on site and validated by Allied Nevada and Scott E. Wilson Consulting, Inc. geologists to be shipped to ALS Chemex's assaying laboratories in Reno, Nevada. Gold and silver analyses are conducted on 1-assay ton prepped samples with gold and silver determined using industry standard fire assay methods with a gravimetric finish.
This company has now where but up to go in the coming mania. The only question is how high? They are on the mark an on the road just like CDE is. Watch the graphs close beginning in a couple of years to formulate the sell price some where between the years 2012 and 2015. Just follow the news releases on it. Some companies just do not need any further analysis. See below news release.
Allied Nevada reports best-ever Q3
By: Liezel Hill
22nd October 2010
TORONTO - Reno-based Allied Nevada Gold sold 30 585 oz of gold and 69 365 oz of silver in the third quarter, a new record for the company, it reported on Friday.
The average cost of sales in the quarter was around $416/oz of gold sold.
Allied Nevada said it expects to meet its 2010 production target of 100 000 oz of gold, at an average cost of sales of between $400/oz and $450/oz.
"We are pleased with the smooth operating performance at Hycroft with now three consistent quarters meeting production and cost expectations," CEO Scott Caldwell said in a statement.
"The mine is moving quickly on the first stage of its transformation with new larger mining equipment being introduced and the first crusher operating as expected."
Allied Nevada is working on an expansion of the capacity to mine and process oxide mineralization at Hycroft, which it announced in April this year.
The updated also announced in September it had updated a scoping study on a project to develop the underlying sulphide resource at its Hycroft mine, and is looking at a much bigger milling facility than previously indicated in an April 2010 study.
Production is forecast at 610 000 oz of gold and 27-million ounces of silver a year (altogether 1,1-million ounces of gold-equivalent), from a combined 100 000-t/d milling operation and 74 000-t/d heap-leach operation, the company said at the time.
Edited by: Liezel Hill
An observation of the Clifton properties made by Canadian mining expert Charlie Pitcher of Mining House, speaking of the rich array of gold, silver, copper, tungsten and a plethora of other minerals, he said, “This property is a veritable jewel box of minerals.” This sums up Clifton's future well. With the 20 year production agreement with Desert Hawk to mine all Clifton's resources with a maximum net smelter of 15% for gold when gold price exceeds $1500 and 15% for silver when it exceeds $25, Clifton can just sit back and point and collect the money. Their vast array of old mines they have patiently collected over 30 years and the yet un-touched variety of metal resources they will drill and expose in the coming years make Clifton a very long term play and nothing but a steady increase in stock price over the years. They are entering their sweet spot and will be there for at least 2 decades and need no outside help or funding. This stock will not top out for at lest 3 years an probably 5 or more. From this point there is no down side only the progressive increase in the company stock. When the small juniors like Clifton finally come into the spotlight the company stock price will go parabolic. A producing company with no debt and enough in ground assets all 100% owned to last for the next 20 years, it does not get any better that. In addition to its minerals operation it has ownership of the profitable http://www.americanbiotechlabs.com/ Clifton Mining Company owns approximately 23% of ABL.
PRESS RELEASE - Clifton Mining Company Inc. (OTC : CFTN)
2010-11-04 07:00 ET - News Release
ALPINE, UT, Nov. 4 - Clifton Mining Co .(Clifton) has been informed by its partner, Desert Hawk Gold Corp. (Desert Hawk), that production has begun at its Gold Hill mill facility. The initial mill testing phase is complete and the operation is moving into full production. The plant has started producing gold, silver, copper and tungsten.
Construction finished on Clifton's Gold Hill mill last month. The entire mill was upgraded with new crushing and grinding systems as well as adding a tungsten extraction system. For pictures of the mill and operations please see Clifton's website at www.cliftonmining.com.
Said Ken Friedman President of Clifton, "We were pleased to see the mill construction finish and ore start running through the plant. We look forward to a mutually profitable relationship with Desert Hawk and to the start of an income stream from our net smelter returns."
The venture is planning to open up two more operations within the next year. Both of these will be heap leach operations.
There is no way but up for this company to go. It will top out in about 4-5years in price in the $100 to $300 current dollar per share price. In it's last year of price topping you will need to watch it closely to squeeze out the last dollar from it as that year will be rounded slow bowl shape of a large price dome. Look for this company to top out in price after 2012 and probably 2013-14. Largest silver only producer in the world. Following it's weekly and monthly movements up and news releases is not important for this company. Buy it and put it on the shelf and begin looking around 2012.
Coeur to expand gold production by 135% to 170,000 ozs
With three new precious metals mines in place, Coeur says it is well positioned to take advantage of very strong gold and silver prices.
Author:Dorothy Kosich
Posted: Friday , 05 Nov 2010
RENO
Coeur d'Alene Mines reported a 105% increase in gold production during the third quarter, primarily as a result of initial gold production at the Kensington mine in Alaska and a 49% increase in Palmarejo gold production.
The company produced 4.3 million ounces of silver and 47,514 ounces of gold during the quarter, compared to 5.2 million ounces of silver production and 28,955 gold ounces during the third quarter of 2009. The third quarter of 2010 marked the first full quarter with all three of the company's new mines in production.
During a conference call with analysts Thursday, Coeur CFO Mitchell Krebs said, "This past quarter, we demonstrated the beginning results of our strategic plan, investing in three new precious metals mines, which are now gaining momentum, delivering higher production in metal sales and cash flow and lower operating costs."
"This momentum will continue building through the remainder of 2010, with an expected 135% increase in full-year gold production over the last year along with 17 million ounces of silver production at an average cash cost of about $5.50 per ounce of silver," he added. "All three of our new mines are now in production and 2011 will represent the first year all three mines will contribute production in cash flow for a full year at the same time."
Krebs also noted that the expansion of the Rochester mine in Nevada will add a fourth major contributor to the company's three new mines.
"Our production, sales and cash low are climbing rapidly, while our operating costs and capex are declining leading to a growing cash balance," he added.
2010-11-04 09:00 ET - News Release
Golden Eagle has been a big disappointment from a once very promising little company. The blame can mostly be put on the American government and it's gold and silver price suppression and their interference in the Bolivian government where the company had just put in production it's mine and then had to shut it down. The Bolivian government turned on anything relating to the USA including the Peace Corps and told all USA interest to get out. The mine was subsequently sold to a Swiss consortium at reduced price with smelter rights when it is finally put back in operation. The gold and silver suppression for the past 2 decades and then in the 2007-2009 finally broke the companies back like it did many small junior companies. The company did manage to survive by winning some legal claim disputes in court here in the USA for $$ and by doing a reverse split wiping out a huge portion of it's obese outstanding stock count. To their credit so far have not gone on a stock selling spree which shows they are not a scam so far. It seems they are just catching their breath now and looking for options. They own a large production mill in the western USA where they are looking for partners with other small juniors to put the mill in operation. Their situation looks flat line until they get a joint venture or have their own mine in the location of their mill. Their mill is located in a gold rich trend area and if they connect with another company(s) then they should come out of this in good shape with their current low outstanding shares. With their low outstanding share count and low stock price it is a good buy for those just stepping in now. Those of you who have been holding this company for a while and took the beating of the reverse split will break even at the top so hang in there and be patient your exit point is still a ways down the road. This like any company with gold or silver mining attached to it will shoot up in price once the mania begins regardless of what they really have.
SALT LAKE CITY, UT -- 08/25/10 -- Golden Eagle International, Inc. (MYNG) announced today that it has settled its lawsuit with Yukon-Nevada Gold Corp. ("YNG") and its subsidiary, Queenstake Resources USA, Inc. ("Queenstake").
As a result of the settlement, the parties have agreed that all claims in the lawsuit in the Fourth Judicial District Court of Nevada, Elko County (Queenstake Resources USA, Inc. v. Golden Eagle International, Inc. v. Yukon-Nevada Gold Corp, et al., CV-C-09-544), may be dismissed, each party bearing its own costs and attorneys' fees.
Pursuant to the settlement, Golden Eagle expects to receive $3,467,152 over the next four months. The settlement agreement also provides that Yukon-Nevada Gold Corp. will deliver 2 million shares of its issued and outstanding common stock to Golden Eagle on or before October 20, 2010.
Golden Eagle has concurrently filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission on its EDGAR electronic library regarding the settlement of the lawsuit.
Golden Eagle recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: http://www.geii.com.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please
e-mail Golden Eagle at: eaglealert@geii.com.
SALT LAKE CITY, UT -- 03/16/10 -- Golden Eagle International, Inc. (MYNG) reported today that it has transferred control of its Bolivian subsidiary operations to an unaffiliated, Swiss corporation (the "Swiss corporation").
The Swiss corporation has paid Golden Eagle $112,000 in Bolivia, and has also agreed to pay $200,000 to satisfy various Golden Eagle obligations in Bolivia; to assume certain Golden Eagle obligations in Bolivia in an estimated amount of $200,000; and to provide $50,000 directly to Golden Eagle in the United States.
In addition, the Swiss corporation will pay Golden Eagle a 3% net smelter return of up to $3 million. The net smelter return will be payable on a quarterly basis if and when mineral production is achieved from the mining concessions owned by the Bolivian subsidiary.
Golden Eagle has agreed to indemnify the Swiss corporation regarding any other past debts and obligations that are not part of the agreement between the parties if those obligations are not the product of social or political issues. The Swiss corporation has agreed to indemnify Golden Eagle against future debts and obligations, and has further agreed to make available to Golden Eagle certain former Bolivian employees of Golden Eagle and certain records to assist Golden Eagle to comply with its reporting obligations.
Although Golden Eagle's Bolivian assets and operations were once the primary focus of the company, starting in 2008 Golden Eagle has focused its operations primarily within the United States. Golden Eagle considered a number of factors when evaluating its options with respect to its Bolivian operations, including:
The re-election for a new 5-year term in December 2009 of Bolivia's current administration, which has proven to be unsupportive of U.S. investment in Bolivia, and the continuing negative political and social environment relative to U.S. companies;
Golden Eagle's continuing difficulties in meeting its financial and other obligations due to all of the above factors.
Golden Eagle's CEO, Terry C. Turner, stated, "Given all of the circumstances, we believe this is a very advantageous outcome for our company." Mr. Turner continued, "We have had a long, and often challenging, association with Bolivia. The time has come for us to focus our efforts and resources on developing our interests in north-central Nevada and the recovery of just compensation from our litigation with Yukon-Nevada Gold Corp. regarding its breach of our operating contract for the Jerritt Canyon gold mill north of Elko, Nevada."
Blane Wilson, Golden Eagle's Chief Operating Officer (COO), said, "With the transfer of control of our Bolivian operations, and the restructuring of our Company, we believe we are now in a position to more fully realize the potential of our 4,000 tpd Gold Bar gold mill, and to seek out other mining and milling opportunities that may enhance our shareholders' value."
Golden Eagle recommends that you review its disclosures, risk statements, previous press releases, annual reports, quarterly reports and current reports found at its website: http://www.geii.com.
Eagle E-mail Alerts: If you are interested in receiving Eagle E-mail Alerts, please
e-mail Golden Eagle at: eaglealert@geii.com.
The below press release says it all with estimates of 30,000 oz/year for a mine life of 13 years, do the math putting in current and future projected gold prices. The mine is in operation as a large scale placer operation with little overhead cost of deep hard rock mining operations. They know the area well and no one up there to bother them. Clear sailing for the next 13 years with increased production every year. Potential to expand this to more placer deposits exist along with the shallow shaft hard rock mining of the deposits where the placer gold came from also which could be done year round as an under ground operation. Potential is excellent for many years. Expect huge price gains in the net two years at least $10 to $50 dollar a share in current dollars before the gold mania settles to it's highs in the next few years. These people have struggle in the far Alaskan north above the article circle for years when the company use to be called Little Squaw Mining Company. They are tough and the pay off will come in the next few years. I was up there myself in that area many years ago to prospected it myself but found they had already filed the claims on it. With only Shares Outstanding 48,255,603 a/o Aug 23, 2010, which is a tiny amount of shares and increasing income from production for expansion and no debt that I know of, this will be one of the big percentage gainers two years from now.
Press Release Source: Goldrich Mining Company On Tuesday October 19, 2010, 9:20 am EDT
SPOKANE, WA--(10/19/10) - Goldrich Mining Company (OTC.BB:GRMC - News) (the "Company") completed its first season of commercial gold production at its Little Squaw Creek gold mine, Chandalar, Alaska. The Company produced 1,522 ounces of gold (plus 259 ounces of silver) for the season, which ended on September 23rd.
Gold production progressively increased as mine infrastructure improved and overburden was removed. Goldrich produced approximately 346 ounces in July, 498 ounces in August, and 678 ounces in September, of which 523 ounces, or 34% of the season's total production, was produced in the last 15 days. The normal season for alluvial gold production in Alaska is from mid-June to mid-September plus two additional months for stripping of over-burden in May and October.
The Company had originally planned a larger scale operation but lack of sufficient financing at the beginning of the season prevented this. However, with the finances that were raised, Goldrich moved forward to mobilize a beginning mining equipment fleet, completed a mine infrastructure compliant with MSHA, stripped sufficient overburden to expose pay gravel, and began producing gold.
Information from this year's operating season will be used to update the 2009 preliminary assessment report. The preliminary assessment shows a 13-year mine life with production reaching 30,000 ounces of gold per year. Drilling has established the deposit contains more than 10.5 million cubic yards of mineralized material at an average grade of 0.02456 ounces gold per cubic yard. The deposit is open for expansion with additional drilling.
William Schara, CEO of Goldrich, notes, "We finished the season strong. We took the first steps in making the mine a long-lived profitable operation for Goldrich and its shareholders. This year's operation further confirmed the nature of the alluvial gold deposit, and we are well poised to resume production and benefit from the experience we have gained."
The two Hawthorne deposits have more than sufficient to make this company stock price rise quickly. What investors want to see is the actual production again on the existing mines at both locations of which one was in operation as late as 2007 by Cusac Gold and shut down then due to the gold price collapse because of Central bank gold manipulation. Cusac who I originally owned shares in then sold the who operation out to Hawthorne in a stock swap where I came into the Hawthorne shares. Hawthorne needs to get off its ass and quit drilling and start producing again with the now high gold prices and then in conjunction with the mining do the drilling. They have great resources to drive the stock prices into the $100 plus level in the next two years, they just need to become a producers again which is easy for them because the whole operation is just sitting there. The current price for a company like this is ridiculously low. When the investment public sees this one the price will jump over night to over a dollar and points north of that in the months following.
TABLE MOUNTAIN PROPERTY
Liard Mining District
British Columbia
Prepared for
HAWTHORNE GOLD CORP.
Vancouver, B.C. Canada
Report for NI 43-101
May 18th, 2010
Cassiar Gold Camp = Table Mountain property and Taurus Property
The Table Mountain Property is comprised of 106 contiguous mineral claims and 12 Crown Grants,
covering an area of 37,123 hectares. These claims are located in the Liard Mining District of
northwestern British Columbia, some 117 km north of Dease Lake, B. C. The Property is centered on a 15 km long, northerly trending system of mesothermal gold-bearing shear zones and quartz veins. This gold rich system developed in late Jurassic age, along and adjacent to the Erickson Creek Fault Zone. The mineralised system on the Table Mountain property hosts a number of past producing, high
grade underground mines, open pits and placer workings. Estimated total gold production from this
property is 316,000 oz (9,828 kg), with an additional 35,000 oz (1,089 kg) reported production from
the adjoining Taurus Property (also owned by Hawthorne Gold). These two properties combined are
known as the Cassiar Gold Camp. In addition, placer gold production in the Cassiar Gold Camp has
been estimated at 74,500 oz (2,317 kg) Total gold production for the Cassiar Gold Camp is calculated
at over 425,000 ounces (13,219 kg)
Hawthorne Gold Corp. presently controls the majority of the mining claims in the Cassiar Gold
Camp, Liard Mining District, NTS 104P. Hawthorne claims comprise two properties; the Table Mountain Gold Property and the Taurus Property . There are 106 claims on the Table
Mountain Property owned by Hawthorne Gold Corp. including those acquired through the merger
with Cusac Gold Mines . Twelve Crown Grants located on the Table Mountain property .
Hawthorne Gold Corp. controls the mineral rights to a total of 59,165 hectares (146,200 acres) in the
Cassiar Gold District. Hawthorne’s Table Mountain Gold property mineral claims cover
approximately 39,183 hectares and are contiguous. Hawthorne’s adjacent Taurus Property covers
19,982 hectares. The claim group purchased from American Bonanza Gold Corp. covers 915
hectares. The properties have been acquired by direct staking, outright purchase, and option
agreements. Most of the claims are owned outright, with only a few subject to option payments
and net smelter royalties, or net profit interests.
The total recorded production for the entire Cassiar Gold Camp, (Table Mountain, Taurus and Placer
operations) is 425,151 oz (13,224 kg).
October 2010 Corporate presentation http://www.hawthornegold.com/
http://www.hawthornegold.com/i/pdf/HGC-Corporate-Presentation.pdf TSX-V: Oct 2010
Experienced Management , Operational and Technical Team
•Led by respected company builders Michael Beley and Richard Barclay
?Co-founded both Bema Gold and Eldorado Gold
•Strong board of directors and advisory team
Dedicated to Growth through drilling, development and acquisitions
•Apply Bema/Eldorado Model (short term cashflow)
?Advance towards cashflowat profitable mining operation within 4 years from Company inception
?On track for production at Cassiar Gold Mine, British Columbia
•Aggressive 10,000 metre diamond drill program at Cassiar Gold Camp 2010
?Build resource portfolio and develop priority exploration targets for upside potential
Issued and Outstanding82,115,113
Special Warrants ($0.29)14,338,801
Stock Options ($0.40 -$1.60)6,787,000
Warrants ($0.40 -$0.51)11,342,857
Fully Diluted114,583,791
American Bonanza Gold Corp.5,750,000~(8%)
Institutional Ownership~25,000,000~(26%)
Market Capitalization (as at April 29, 2010) ~$13M
HGC
UTable Mountain and Taurus Deposits
Progress To Date
•Increased land position by 245%
•Purchased remaining 70% of Taurus Deposit
•Completed geological compilation model of 40 years of data
•Completed 12,000 metre surface diamond drill program 2008/9
•Rehabilitated underground access workings at Cassiar Gold Mine
•Re-established exploration and mining 75 man camp
•Completed property-wide geophysics program
SHigh-Grade Gold System
•NI 43-101 Mineral Resource Estimate
•Deposits hosted in extensive quartz-carbonate-gold vein systems similar to some of Canada’s largest gold camps, including Timmins, Kirkland Lake and Val d’Or
2009 Exploration & Development Program
•Completed 12,000 metre diamond drill program focused on:
?Priority zones identified at Table Mountain and Taurus that will increase resource base
?Regional targets to identify new zones
•Underground pre-development at Table Mountain to prepare for production at Cassiar Gold Mine
Taurus Gold Deposit24Highlights
•NI 43-101 Mineral Resource Estimate
•High-grade zones identified within resource selected high grade open pits
•Open pit, bulk tonnage opportunity
•Historical production of 32,700 ounces from high grade zones within deposit 2010 Exploration & Development Program
•Plan 2010 10,000 meter surface exploration drill program to bring Taurus inferred resource to measured and indicated status
•Metallurgical studies on mineralized zones for compatibility with mill flow sheet
•Potential for multi million ounce open pit and underground bulk mineable gold deposit
Oro
TABLE MOUNTAIN AND TAURUS GOLD DEPOSIT
•Continue resource development through surface drilling during 2010 summer/fall; exploration program will consist of 10,000 metres of diamond drilling, trenching, mapping and soil sampling
•Complete engineering and mine planning
•Complete pre-production mine development leading towards production at Cassiar Gold Mine
THIS COMPANY IS A LONG TERM HOLD BECAUSE IT HAS SO MUCH POSSIBILITY. THE CRUCITAS MINE IN COSTA RICA IS BEING HELD UP FOR PRODUCTION BUT THIS WILL BE CRUSHED SOON. WITH 2 OPEN PIT MINES RUNNING AT THE SAME TIME WITH MILLION PLUS RESERVES AND MORE BEING DISCOVERED IN DRILLING AND LOW COST OF PRODUCTION PER ONCE THIS WILL BE A GOOD ONE . ON TOP OF THIS IS THE CRISTINAS CLAIM IN VENUEZALA ONE OF THE GIANT ONES NOW IN ARBITRATION AND IS EXPECTED TO BECOME THE SA EL DORADO OF GOLD MINES. BIG PAY BACK ON THIS IN TIME. 65% OF THE COMPANY IS HELD BY 2 BUSINESS GROUPS AND FUNDED BY THEM AND CORPORATE OFFICERS ARE BUYING STOCK. THIS COMPANY CAN ONLY GO THROUGH THE ROOF ONCE IN PRODUCTION AT THE CRUCITAS OPEN PIT MINE IS IN OPERATION AND THE CRISTINAS MINE IN VENEZUALA IS TAKEN BACK. MEDIUM TO LONG TERM HOLD TO ALLOW FULL PRICE APPRECIATION 2-4 YEARS BEFORE SELLING IS POSSIBLE. THIS WILL BE A $100 PLUS STOCK BEFORE IT IS OVER.
CRUCITAS PROJECT COSTA RICA
1,200,000 indicated oz Au @ 1.32 g/t
Bankable feasibility study: 35% IRR (after tax)
US$ 66 million capital required
Exploitation permit in hand
Environmental permits in hand
7,500 tpd mill purchased and being delivered to Costa Rica
18 month construction window
Strong potential to expand resource:
1,241,000 inferred oz Au @ 1.28 g/t (Crucitas)
469,000 inferred oz Au @ 4.5 g/t (Conchudita area)
Large exploration concession area (~800 km2)
New Jersey Mining Company is involved in exploring for and developing gold, silver and base metal resources in the Coeur d'Alene Mining District of northern Idaho. New Jersey Mining Company has a portfolio of mineral properties in the Coeur d'Alene Mining District including the Toboggan project, the Niagara copper-silver deposit, the Golden Chest project, the New Jersey mine, and the Silver Strand mine. The New Jersey mine includes a fully-permitted flotation mill and concentrate leach plant.
New Jersey common method of operation is to drive access ramps from the surface directly through ore bodies indicated as rich deposits so that they can accomplish two things at once. The Ramps are needed for surface access to further exploit the deposits and the rich ore material is extracted in the ramping process is milled at their New Jersey Mill in Kellogg and sold to pay expenses. This is a true sign of managements understanding of survival and growth of a junior exploration and now a producer. New Jersey has implemented this process at 3 of its operations, the Golden Chest Mine near Murry Idaho, the New Jersey Mine 3 miles east of Kellogg and the Silver Strand Mine about 19 kilometers east-northeast of Coeur d'Alene, Idaho. Although they state they are looking for funding to speed up the process in their developments, they also state that this will be done only if the funding terms are reasonably and to their liking. This pioneer attitude is one of the many reasons why New Jersey Mining will become a valuable company in the coming years. They can do it on their own and Big companies like Newmont know this and know that their resources are very rich ones.
The Toboggan Joint Venture Project with Newmont is and example of both New Jersey understanding their economies of scale for developing such huge rich deposits as the Toboggan and Newmont's need to find juniors like New Jersey that have them. This project is a major deal for NJMC in that Newmont one of the top 5 biggest mining companies in the world wants the project and signed an agreement for it. This is the period in history like no other time when the big companies are out looking for the in ground assets of the junior companies like NJMC. Newmont would not have signed if they did not think it worth it and by looking at the prospects it appears to be well worth it. NJMC gets 30% of a massive project in the end and has Newmont do all the work and funding which for them is easy. This is a long term sweet deal for NJMC. What I expect will happen is that Newmont will buy all of NJMC out in a sweet buy out bid and get all of their in ground assets which will be a big plus for NJMC stock holders. If not then New Jersey will form joint venture and production agreements with Newmont for its other large scale mineral claims and continue their steady increase in mine production at their existing 3 producing mines. Either way the out look for New Jersey is very bright and it's stock price with go parabolic in the next two years once people begin to look at the junior companies like New Jersey
Shoshone Silver/Gold Mining Company IS WELL ON IT'S WAY TO A LONG LIFE OF PRODUCTION AT THE RESCUE MINE AND OTHERS AFTER IT. MEDIUM/LONG HOLD MAKING SURE THAT ON THE SALE IT HAS REACHED IT'S REAL TOP. MAY HAVE A SECOND RUN AFTER THE APPEARANCE OF A TOP. I DO NOT EXPECT IT TO BE BOUGHT OUT AS IT HAS PLENTY OF RICH CLAIMS TO MINE AN LITTLE DEBT AND PLENTY OF MACHINARY.IT'S STOCK PRICE WILL NOT TOP OUT FOR ANOTHER 2 YEARS WITH A POSSIBLE BUMP HIGHER IN THE FINAL RUN FOR A YEAR AFTER THIS AS MENTIONED ALREADY. NO SURPRISES IN THIS ONE ONLY A STEADY PRICE CLIMB ONCE PEOPLE GET TIRED OF PAYING THE HIGH PRICES FOR THE GIANT COMPANIES AND FINALLY TURN THEIR ATTENTION TO THE GOOD JUNIOR PRODUCER/EXPLORATION COMPANIES LIKE SHOSHONE. Shoshone is a company with an impressive portfolio of properties
including approximately 2,692 acres (1,090 hectares) in its "Silver Division", approximately 2,125 acres (896 hectares) in its "Gold Division", and approximately 200 acres (80 hectares) of "Potential Platinum" properties. Shoshone has two operational ore processing mills, one for silver and one for gold, minimal corporate debt, a large inventory of mining equipment owned by the company, and top management with over 106 years of mining industry experience. "With the Lakeview Mill back into silver production, Shoshone can now shift its focus to bringing the company's 120 ton per day mill adjacent to its Rescue Gold Mine near Warren, Idaho back into gold production as soon as possible. You have to just let this one grow as I see no worries in it.
Shoshone Silver/Gold, Pending Projects for 2011
2010-10-20 14:36 ET - News Release
COEUR D' ALENE, ID -- (MARKET WIRE) -- 10/20/10
Shoshone Silver/Gold Mining Company (OTCBB: SHSH) Shoshone's pending plans for 2011 include, but are not limited to, the following:
Exploration work on the patented "Camp Project" claims in the Silver Valley
Located in the center of the "silver belt" of the prolific silver-producing Coeur d' Alene Mining District, the Camp Project claims lie west of the Coeur and Galena Mines and east of the Sunshine Mine. The Camp Project claims encompass 630 acres of patented ground.
Geology of the Camp Project group of claims is similar to that of the Silver Summit (ConSil) portion of the Sunshine Mine. Prominent fault structures that have hosted millions of ounces of silver productions elsewhere, such as the Polaris fault, the Silver Summit vein fault and the Chester fault all trend through the Camp Project claims area. The north limb of the Big Creek anticline, which hosts some of the major silver deposits in the district, also trends through the Camp Project area. Results of 13,200 feet of exploration geophysics performed during 2005 indicate a high chargeability/low-resistivity anomaly indicative of sulfide mineralization. This anomaly extended from near the surface to the maximum sensitivity of the test instrumentation in a generally east-west orientation and appears to increase in depth to the east. The Silver Summit, Chester, Wire Silver, "D", and Chester-Polaris "Hook" Veins all originate in or extend into the Camp Project claims at depth. This property has been dormant for the last 20 years. With the rising silver prices, now is the time to expedite Shoshone's exploration activities.
Exploration work on Northern Idaho Mining Properties
Located in Boundary County, which is in far northern Idaho, Shoshone's properties are truly polymetallic in nature. There are two types of mineralization present on these properties. There is a low-grade, high volume copper, nickel, platinum group elements mineralization present in the basic sills, and a high-grade, low volume polymetallic (copper, lead, gold and silver) vein running through the sill.
In the past, these properties have been explored by diamond drilling, IP (induced polarization) testing, and with a magnetometer study. The results of these past tests will form the blueprint for further exploration.
Shoshone is seeking a joint venture partner for exploration of their non-developed properties.
ABOUT SHOSHONE SILVER/GOLD MINING COMPANY
Founded in 1969 as a silver exploration, development and production company, Shoshone maintains a diverse portfolio of mineral explorations projects in Idaho, Montana, Arizona and Washington. Shoshone stock trades on the Over the Counter Bulletin Boards (OTCBB) under the symbol "SHSH", and on the Frankfort Exchange under the symbol "9IT".
www.shoshonesilvergoldmining.com
McGraw-Hill's time will soon come to an end to honor themselves in the coming market and currency collapse. The QE-2 easing by the Federal Reserve due to begin after the November 3, 2010 meeting will only expedite the collapse of the world financial system as other countries retaliate in devaluing their currencies. The end result in the USA will be a hyperinflation collapse within two years and of the magnitude of Wiemar Republic in Germany in the early 1920's. McGraw-Hill Companies and especially the higher educational text book divisions will implode on themselves because of the vanishing student population on college campuses world wide.
The free hand out of student loans, will be gone along with student grant money and even the social security money doled out. In an imploding economy with massive unemployment and hyperinflation there will be no money for education except for the limited few who's families planned ahead and saw this coming. College campuses will revert back to the way they were a 100 years ago where only the privileged will be there. Gone will be the days where you can get in to college and have loan or grant money as long as you can past the test of being able to fog up a mirror. As the students disappear so will the text books and their authors until the McGraw-Hill offices look the ghost towns of the old west with tumble weed blowing down the streets except in their case it will be unfinished text and new editions that will never happen. The colleges and university departments will reuse over and over again the proven text they have until the pages fall out of them. Even after the hyperinflation currency market and stock market collapses are over there will be years of the Greatest Depression in the history of the world that will have to be endured. Parents will be lucky to feed their children let alone send them to college.
The bloated obese days are ending where everyone believed they are entitled to go to college regardless of their ability. IT IS OVER PEOPLE. In the Great Depression of the 1930's college enrollment actually increased but that was when the USA was the largest creditor nation as apposed to now where it is the largest debtor nation. It was before there were college loans and grants handed out to a mass of morons who should never have even been considered for a college education that has bloated college campuses to resemble the fat American public. The colleges and universities are about to go on a starvation diet that will last for decades. So will the bloated fat publishing companies and their greedy authors expectations of million of dollar incomes.
The current run up in McGraw-Hill stock price like the rest of the NYSE and Nasdaq stocks is due directly to the QE-1 and the expectations of the QE-2 pumping of trillions of freshly printed dollars into the market. That time will end soon and so will the US dollar and so will McGraw-Hill as stated in the http://fallofthehouseofmcgrawhill.com/ website. The company will survive but it will shrink to a fraction of it's current size and so will it's stock price. Read http://fallofthehouseofmcgrawhill.com/ and sell your stock in it now and buy it back when I do somewhere south of a dollar per share.