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Really really ironic so basically your saying what I have been saying before prove the deposit & when that happen's they will need a heck of allot more than 2500 meters of drilling & 4.5 millions will not take them very far enough for a year on a mid size exploration program, so 5 years of exploration than another 5 minimum before they start producing on a large scale low depth open pit that is if there enough ore to do so.
So in reality let the drill do the talking all of the past work is the first stage of an exploration program of a potential discovery of a economically viable mine.
Cheer
Mr Moderator I never slagged you taking a profit I slagged you for this stock a trading shell period correct. The really funny thing about all this it's Mr Oryx that came to your defence so 2=1
In the meantime well still waiting for some news not bullboard hype & still no trades.
Cheers
Ok ShawnJon you win please move on.
Regards,
Marc
The very high risks of OTC Pink Sheets listings, will this stock ever trade on a regular basis, I don't think so.
SOURCE: North Bay Resources Inc.
January 10, 2012 08:30 ET
North Bay Resources Inc. (NBRI) Issues Ruby Mine Update
SKIPPACK, PA--(Marketwire - Jan 10, 2012) - North Bay Resources Inc. (OTCBB: NBRI) ("North Bay" or the "Company") is pleased to issue the following shareholder update on the status of current operations at the Ruby Gold Project.
The Ruby Tunnel rehab project continues to make steady progress. The weather has remained favorable, and we are prepared to keep working as long as the weather continues to cooperate. We expect that the Ruby will be a year-round operation once we are in full production and generating revenue. Until we reach that point however, snow removal operations are considered non-productive, and once significant snowfalls come to the high Sierras, we expect to break camp for the duration of the winter. Fortunately, that has not occurred yet, and so we have been taking advantage of the mild winter thus far to continue working. Given the current forecasts, we expect the work will proceed unabated for at least another week or two.
About The Ruby Gold Project
The Ruby Mine, a/k/a the Ruby Gold Project, is a fully-permitted underground placer and lode mine located near Downieville in Sierra County, California that is known to have produced over 250,000 ounces of gold since the 1850s, and which is considered to be part of the northern extension of the historic Mother Lode system. The Ruby Property covers approximately 1,755 acres, consisting of the subsurface mineral rights of two patented claims totaling approximately 435 acres and 30 unpatented claims containing approximately 1,320 acres. The equipment, fixed assets, and infrastructure in place include a 1,000 yard per day placer wash plant, 50-ton per day quartz mill, 6,000 feet of tracked haulage, and related support equipment needed for underground mining operations. The property also features an excellent system of roads, is accessible via paved highway from Reno or Sacramento, has abundant water and timber available for mining purposes, and has PG&E power available on-site. For further information about the Ruby Mine, please visit the Ruby page on the North Bay website at http://www.northbayresources.com/ruby/.
About North Bay Resources Inc.
North Bay Resources Inc. (OTCBB: NBRI) is a fully-reporting junior mining company with over 150 mineral and placer claims encompassing approximately 60,000 acres throughout British Columbia, Canada.
In the US, the Company has acquired the Ruby Gold Mine in Sierra County, California, and is presently looking to acquire additional operating mines in the western US.
The Company's mission is to build a portfolio of viable mining prospects throughout the world and developing them through subsidiaries and JV partners to their full economic potential. North Bay's business plan is based on the Generative Business Model, which is designed to leverage its properties into near-term revenue streams even during the earliest stages of exploration and development. This provides shareholders with multiple opportunities to profit from discoveries while preserving capital and minimizing the risk involved in exploration and development.
Mase I was getting all pumped up to $20.00...
Cheers
Just dropped in for a moment, I know we don't very often see eye to eye but nonetheless I just wanted wish each & everyone a Happy New Year & most important of all good health....
Many cheers, if you drink don't drive & be safe....
Marc
Just in case you missed it Mr Oryx & read between the lines if you wish.....the last 22 words in the second paragraph
''tibutch Share Thursday, December 29, 2011 10:10:50 AM
Re: oryx post# 2518 Post # of 2523
Incorrect Mr Oryx my comment was very clear that it was in reference to is trading in the past with the stock.
You have something to say say it (((I have no need to further expand on this discussion with an alias that I don't even know, I rest my case))).
Cheers & good life
Marc Boucher''
Charts look very dismal to say the very least....lower highs lower lows & having that intraday at 0.024 could be very well be an indication of where the stock will be at in the future on this long downtrend channel that the stock as been since April.
No news in site for 4 months give or take it's got all the making's of breaking down below that 0.02 support.
http://stockcharts.com/freecharts/gallery.html?SLTA
Incorrect Mr Oryx my comment was very clear that it was in reference to is trading in the past with the stock.
You have something to say say it I have no need to further expand on this discussion with an alias that I don't even know, I rest my case.
Cheers & good life
Marc Boucher
On that note I will add ''newbies beware do not become the bagholders'' as always do your due diligence at all times & all cost.
Mr Oryx pretty clear isn't it that my quote was in reference to Mr Kiwi's statement that he's using it as trading shell for him, now where do you see the word Soltera in my quote correct, now who is distorting the conjuncture of my statement, good luck you will need it.
Oh by the way Mr Oryx is that a form of admission as per your statement below ?
''Before you do that, why don't you address the point I originally brought up?''
Cheers & have a good life
Joke is on you I can prove it....
Mr Oryx again the funny thing here on this bullboard which as occured in the past is my rebuttal was directed to Mr Kiwi's statement since it was obviously directed at me in reference to a comment by Mr ShawnJon, so the point is who am I talking to when I responded to Mr Kiwi's statement below yet for good measures you responded on his behalf.
''He seems to watch this stock like a hawk''
Cheers
Oryx I believe I corrected you a couple times in the past & I will show it to you again, now show me where I said that ''Soltera is a shell''....sorry Mr Oryx I find that this is a passive agressive behaviour on this bullboard that as only shown disrespect towards me on numerous occasions simply to the fact I don't brownnose nobody & I give it to you straight like an arrow.
So if the hat fits wear it Mr Oryx & here is your misleading statement, correct.
''How do you get from someone providing his buy and sell points to his confirming that SLTA is a "shell"?''
Cheers
Oryx am I such an inconvience that your afraid I'm going to stop you from trading the stock trade the stock but obviously the record speaks for itself Soltera never delivered anything it's all there black on white & the bullboard reflects that also I'm not the type that will be a bullboard brownnoser.
Cheers
If the hat fits Oryx.....he said it I didn't, certainly have a nice group over here reading posts from quite awhile back, you know bullboards are also usefull to show both sides of the game & obviously the track record of the posters speaks for itself.
Newbies beware don't become the bagholders like the one's that bought in the early winter 2011 hype till the finish in the spring.
Cheers
Of course Mr Moderator I'm watching this like a hawk & calling it like it is a trading shell heck you just confirmed it yourself as per your statement below.
''last time I bought at .07 and sold at .21 Looking to enter again soon.
Kiwi''
Newbies beware don't be left holding the bag
Cheers
Some $400 in liquid
Ouch 0.024 a new yearly low with no news in sight for another 4 months just to prepare drilling targets on their next exploration program that is if they ever make one they have been long on promises & very short on delivering it's all there black on white.
Management as failed in the past since they did not have enough to go onto for a drilling program & start a compliant NI 43-101 resource data.....tuck your shares away under your mattress that is about as much value they have.
No financials filings for almost 3 complete fiscal years still not delivered after so many statements to the effect they would be filed & Fabio is an economics geologist maybe he should look into a 101 course for proper disclosure in a timely manner to the shareholders.
If it sound's to good to be true well that's what it is.
For the newbies don't become the bagholders.
Moderator that 0.04 support could be broken with tax loss season in full bloom plus in the USA it's till the 27th.
Ya quite a story
MrDemas, I'm a patient fella.
GLTA,
Marc
http://www.marketequitiesresearch.com/report401.pdf
Have Soltera ever put a drill on the grounds of El Torno in 4+ years???
Near term exploration plans involve geochemical sampling, geological mapping and geophysical surveys throughout the area in order to define precise drilling targets. Soltera plans to commence the exploration program with geochemical prospecting to evaluate the presence of mineralization along and around the complete vein, as well as in specific areas of the stockwork system. Based on results of targeted geophysical prospecting, Soltera would undertake trenching and (((drilling to evaluate the economics of the deposit.)))
Did others have a look at El Torno???
The aforementioned historic exploration from Puma Minerals & Peñoles on what parts of this (((highly sought-after claim))) were subjected to modern exploration techniques have given rise to quality indicators and opinions.
Have they put numbers in the ground on it's balance sheet???
Historic results and observations serve as possible indicators:
El Torno is a past-producing mine going back centuries and has only recently undergone some modern exploration techniques. The related data predates 43-101 legislation and thus are not to be relied upon for investment purposes; they merely form a basis for better understanding the prospective nature of the claim. However the available data will give (((Soltera a leg-up in as it rolls up its sleeves to bring the data compliant and hopefully put numbers in the ground on its balance sheet:)))
Did management deliver to prove a compliant resource???
With the calibre and dedication of management and technical leadership in place, it is not unreasonable to expect success. (((If Soltera works to bring data from the historic exploration into compliancy))), investors could well be looking at 2 million ounces on the balance sheet for starters.
Did I buy shares on management's past failures to deliver on El Torno?
No
Did I buy shares on words like could, possible, estimated, hopefully just to name a few???
No
Did I buy shares into a company that as not given me the time of day in their financials in almost 3 complete fiscal years???
No
Will I buy shares when Soltera do present me some commendable concrete results of their own meaning putting some numbers on their balance sheet???
Yes
As always always do your own due diligence
I believe that 0.04 support is about to be broken....par value 0.001 which is the real book value of this stock since they do not have a proven in ground resource.......fundamentals always win the race at the end of the day.
http://stockcharts.com/freecharts/gallery.html?SLTA
A double whammy death crossover is almost a guarantee no news on that field exploration program for another 4 months minimum & specifially called for finding drilling targets in all practicality they took the wind out of their speculation sails for a year at least in my opinion.
I agree the ''upcoming SEC Fillings'' could be quite interesting but I doubt very much it will have any effect on the stock price itself other than providing full disclosure to the shareholders & the market.
Five months is a long waiting period in junior explorers & more so since it is a geophysical survey & geo mapping only to provide them with info on possible future drilling targets, like I mentionned before they do not have enough to go onto presently in my opinion, one or two targets does not make a mine & much less since grab or channel samples have no bearing of the true content of defining a resource.
The question is will they announce a drilling program is this southern hemisphere summer season that will come to an end or close to it ''when the results come out of this field exploration program'' ?
Will they extend their exploration into the southern hemisphere winter season having a higher capex as per their own statements ?
Good luck Mase....
Wow that was quick I guess there must be some truth to that trying to hide the truth.
Regards,
Marc Boucher
It look's more & more like Eco Ridge will be a REE project & uranium as a by product.....there projected recovery rate is way up there & definitely will be a viable mine ho by the way whomever had shorts calling 0.10 well what can I say.
Major Processing Design Improvements Boost Recovery of
posted on Nov 23, 11 01:27PM (Log in to use the IP Check tool) [?]
Critical Rare Earths at Pele Mountain's Eco Ridge Mine Project
.
TORONTO, ONTARIO--(Marketwire - Nov. 23, 2011) - Pele Mountain Resources Inc. (TSX VENTURE:GEM)(OTCQX:GOLDF) ("Pele" or the "Company") today announced that processing design improvements have resulted in sharply higher recoveries of critical rare earth oxides ("REO"), including neodymium, dysprosium and yttrium oxides, (Pele's "Big 3 REO") at its Eco Ridge Mine Rare Earths and Uranium Project ("Eco Ridge" or the "Project") in Elliot Lake, Ontario.
The design improvements present opportunities to improve upon the robust Preliminary Economic Assessment ("PEA") for Eco Ridge prepared by Roscoe Postle Associates ("RPA") and will result in a significantly greater emphasis on REO production than was envisioned previously. The Company is rapidly advancing work to realize these opportunities and together with its technical team has reached the following decisions:
• The processing flow chart will be modified to optimize REO recovery and will include acid baking rather than the heap leach and bioleach methods proposed in the PEA. Acid-baking is a well-established process for extracting REO from monazite, the primary REO-bearing mineral at Eco Ridge, and is expected to improve mineral recoveries by up to 10-fold for Light REO such as neodymium oxide and by up to more than double for Heavy REO such as dysprosium and yttrium oxides.
• The modified processing flow chart will also include crushing, grinding, and ore concentration using magnetic separation and floatation prior to acid-baking. (Please visit the following link to see a preliminary processing flow diagram: http://www.pelemountain.com/pdfs/PrelimBlockFlowDiagram.pdf) Bench-scale testing has demonstrated that more than 90-percent of total REO can be concentrated into just 20-percent of the initial ore mass.
• The mining width at Eco Ridge may increase modestly beyond the average 2.7 metres used in the PEA, by including material from the Hanging Wall, in addition to the Main Conglomerate Bed ("MCB"). The additional mineralization recently discovered in the Hanging Wall is expected to add considerable resources and will allow for scalability in production rates in the future.
• An updated PEA, incorporating these modifications, is expected during Q1 2012.
Given the success in optimizing the processing flow chart and the excellent recoveries established in the bench-scale tests to-date, Pele is preparing to conduct larger scale bench testing and pilot plant operations during the first half of 2012.
Pele Executive Vice-President Roger Payne P. Eng. stated, "Given the developments in the REO market over the past year, particularly for critical REO that are forecast to be in deficit for the next several years, it is logical that Eco Ridge transform from a uranium-focused to an REO-focused project. While the leaching and bioleaching processing methods used in the PEA have been considered appropriate for uranium recovery, they achieve relatively poor recovery of rare earths in monazite. By employing well-established ore concentration and acid baking methods, we can produce much greater quantities of REO than presented in the PEA, while increasing uranium production as well. We are excited about the new direction these decisions provide for Eco Ridge."
Metallurgical testing at SGS Canada and the Saskatchewan Research Council ("SRC") using acid baking, has demonstrated greatly improved REO recoveries over those projected in the PEA. Preliminary bench-scale test results show that the acid baking-leaching process is effective for treating Eco Ridge samples with recoveries ranging from over 80-percent to over 90-percent recovery of total REO. This compares to recoveries used in the PEA, which relied on heap leach and bioleach methods, and averaged 7-percent for Light REO, 34-percent for Heavy REO, and 70-percent for uranium oxide ("U3O8").
SRC is also working to optimize the physical concentration of Eco Ridge ore to reduce the total mass requiring treatment in the acid baking process. Bench-scale crushing and grinding tests have resulted in 75-percent of the crushed ore reporting to the coarse fraction (particle size 45-300 microns) and the other 25-percent reporting to the fine fraction (particle size <45 microns). The coarse fraction is readily concentrated with magnetic separation, a simple and low-cost technique, with preliminary results demonstrating 97-percent REO recovery from just 18-percent of its initial mass. The fine fraction is also readily concentrated, through floatation, with preliminary results demonstrating 77-percent REO recovery from just 24-percent of its initial mass. Combined, these results indicate that the two methods can achieve at least 90-percent REO recovery from just 20-percent of the initial mass. The ability to physically concentrate the ore will reduce acid baking costs substantially.
Pele recently announced the discovery that REO mineralization outside the MCB extends much farther than previously realized, with one resampled drill hole revealing more than 140 metres of continuous mineralization. Assay results from expanded sampling returned an average of 766 grams per tonne (g/t) (1 g/t = 1ppm) total REO over a true thickness of 21.6 metres from the base of the MCB into the Hanging Wall. Pele has commenced the second phase of its core resampling program which is designed to increase the sampling range from the base of the MCB into the hanging wall to at least 25 metres for 165 previously drilled holes at Eco Ridge, and will be used to support an updated mineral resource calculation for the Project.
Pele and RPA have decided to optimize the mining width at Eco Ridge by focusing on the higher grade MCB (which averages 2.7 metres thick), combined with a relatively modest contribution from the Hanging Wall, in the early years of the mine life. It was determined that this approach will maintain a higher mining grade allowing faster payback of capital costs while leaving existing permitting and mining plans largely intact. The additional mineralization in the Hanging Wall above the MCB is expected to add considerable resources and will allow for scalability of future production rates. Pele's recently announced PEA for Eco Ridge, as well as all of the NI 43-101 mineral resources reported at Eco Ridge to-date, are from within the MCB alone.
Estimated recoveries for the "Big 3" REO (which account for about 60-percent of REO revenue in the PEA) and U3O8 are shown in the table below for both the PEA Base Case and a "Recovery Upside Scenario" (as presented in Table 1-3 of Pele's Eco Ridge PEA) based on a relatively conservative assumption of 80-percent recovery using an acid baking process. These estimated recoveries are based on resources in the MCB only and do not account for possible mineralization contributions from the Hanging Wall.
Eco Ridge PEA: Estimated Mineral Recovery
Base Case
Using Bio Leaching Recovery Upside Scenario
Using Acid Baking
Individual Oxide Average Grade Estimated Recovery Life of Mine Production Estimated
Recovery Life of Mine Production
Neodymium (Nd2O3) 196.6 ppm 8 % 581,000 kg 80 % 5,815,000 kg
Dysprosium (Dy2O3) 14.1 ppm 38 % 195,000 kg 80 % 416,000 kg
Yttrium (Y2O3) 64.4 ppm 40 % 940,000 kg 80 % 1,904,000 kg
Uranium (U3O8) 0.044 % 70 % 24,960,000 lbs 80 % 28,558,000 lbs
Scoping-level studies are underway to estimate operating and capital costs based on significantly higher recovery rates that will be possible if initial results of the acid baking and ore concentration are representative. These updated studies will be used to support a new economic model for the Project that will be announced in an updated PEA during the first quarter of 2012.
The updated PEA will provide a roadmap for the Company as it transitions Eco Ridge into the feasibility and licensing stages. Eco Ridge has inherent advantages that may enable its development ahead of other REO projects, including:
•It is one of the only North American REO deposits with a positive NI 43-101 PEA.
•Excellent progress has been achieved toward improved recoveries and increased mineral resources from those reported in the PEA base case, especially for REO.
•It features some of the most critical rare earth elements, including neodymium, dysprosium, and yttrium, and is diversified with uranium.
•The deposit outcrops at surface for more than four kilometres and dips at a shallow angle in a consistent, predictable manner over a vast area; geology, mineralogy, and metallurgy are well-understood from current and previous exploration.
•There is outstanding regional infrastructure in-place: roads, railway, power, natural gas, airport, and deep-water ports.
•There is enthusiastic local support for the project and a highly-qualified local work force.
•Elliot Lake is a proven mining camp with more than 300-million pounds of historic uranium oxide ("U3O8") production and is the only Canadian camp to have achieved commercial REO production.
Pele's Eco Ridge PEA demonstrates its potential to become a profitable producer of REO and U3O8. The PEA base case forecasts cumulative production of 10.7-million pounds of Total REO and 24.9-million pounds of U3O8 over a 15-year mine life with pre-tax cash flow of US$1.28-billion, a positive NPV of $644-million (at a 7.5% discount rate), and an IRR of 45-percent.1 For more details on the PEA, see Pele's press release dated September 7, 2011 (http://www.pelemountain.com/news/090711%20Pele%20Files%20PEA%20For%20Eco%20Ridge-2.pdf).
The technical information contained in this press release regarding the PEA has been reviewed and approved by Jason Cox, P.Eng., Director of Mine Engineering for RPA, an independent qualified person under NI 43-101.
About Pele
Pele Mountain Resources, a leader in Canadian rare earths development, is focused on the sustainable development of its 100-percent owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is one of the only North American rare earths deposits with a positive NI 43-101 Preliminary Economic Assessment and is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production. With well-understood geology, mineralogy, and metallurgy, excellent regional infrastructure, and strong local support, Eco Ridge is an ideal location for a safe, secure, and reliable long-term supply of REO and U3O8. Pele also holds interests in a portfolio of Northern Ontario gold properties at Highland and Ardeen. Pele's shares are listed on the TSX Venture Exchange under the symbol "GEM" and on the OTCQX under the symbol "GOLDF".
1.The PEA is preliminary in nature. It includes inferred mineral resources which are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves and there is no certainty that the preliminary economic assessment will be realized.
Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe Pele's future plans, objectives or goals, including words to the effect that Pele or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. The economic viability of the 43-101 mineral resource at Pele's Elliot Lake Project has not yet been demonstrated by a preliminary feasibility study.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Source: Marketwire Canada (November 23, 2011 - 12:27 PM EST)
Quack quack....if you believe that Barrick did not have a look at El Torno well good for you quack quack as per usual bullboards are meant to give our objective opinion & you have the choice to take it as you wish quack quack....by the way I was sure you had put me on ignore ho well that must mean something quack quack
This stock will do nothing till they actually deliver on facts of there own doing obviously that as not occured in the past.....as per usual who is attacking who on a personal basis M Moderator et al for those that live in a glassed house
Thanks Future, sorry for not being up to date on the short form internet lingo.
Regards,
Marc
Nice bottom yes.....all part of the market down & up .....up & down.... down & up.
Sell me your shares.....
Future mind me asking what does TOU stand for TYIA Marc
From now on M ShawnJon is on ignore but I will continue to post my opinion & my experience in the mining industry some might not like that but what your getting from me is straight when it's good it's good....when it's bad it's bad....when it's a dream it's a dream till it becomes reality.
If I inconvienced some I sincerely apologize to the board but most certainly not to that individual but let it be known that the reds flags are all there.
Regards,
Marc
Thank's moderator for clearing the air on this board I have put that internet provacating individual on ignore simply put I would like to extend my apologies to the board for letting myself get carried away but certainly not to that individual.
Regards,
Marc Boucher
Don't seem like this stock is going anywhere anytime soon....
Sorry M ShawnJon as you say what really matters to the shareholders is that they deliver for real & nothing like their past history & prove a resource with real work & accountable data not just words of possibly, probably at 0.10 g/t at a certain depth riding on other companies statements & that M ShawnJon will take many years before that happen's either you believe it or not that's fine with me.
Cheers & good health :)
M ShawnJon's comment:
''Easy now.....
SLTA went public in 2007. I knew about SLTA in early 2008. So nobody was in SLTA long before "I heard of it" I only came on board when Fabio secured his stock position in SLTA & became Ceo in 2008. Anyone invested in SLTA before 2008/Fabio involvement had their money in a shell-company.''
My rebuttal:
Are they not still a listed ''shell-company'' since by all accounts they have not generated any revenues, correct.
Cheers....stay tuned
Someone must be hoping that a buyer will make a mistake & buy that 0.2632 ludicrous ask....good luck on that one.....a 2 to 3 cents disparity would make more sense for a illiquid stock.....quite a wink it must be an ugly duckling
Cheers.....stay tuned
Here's a tidbit that Soltera as to look forward to financially that is if El Torno ever becomes a mine in 10 years from now in my opinion, got to wonder why Barrick did not get a hold of that project just to name one big player in Argentina heck their Pasca Lama projected mine is only some 200km away give or take from El Torno???
Is Soltera a story till proven otherwise???
http://www.mapsofworld.com/argentina/argentina-political-map.html
http://af.reuters.com/article/metalsNews/idAFN3028771920100930?pageNumber=3&virtualBrandChannel=0
''Barrick says it has already committed more than 25 percent of the capital for Pascua Lama, with the project's pre-production capital budget estimated at $2.8 billion to $3.0 billion.
Pascua Lama straddles the Argentine-Chilean border and is located in Argentina's San Juan province. Barrick's Veladero mine, also in San Juan, produced 611,000 ounces of gold in 2009.''