Thursday, December 30, 2010 11:43:06 AM
First of all, we're all speaking English (sorta) and can at least agree on the location. There's only one Eastern Ontario Gold Belt, a specific geographical region.
7662491 Canada Inc. possesses a licence to explore and mine at the property in Ontario gold belt ... situated by Alcona Bay.
Plenty of maps avail, including Google or mining-specific satellite and topo maps. Here's topo. Sioux Lookout is the defining geographical feature near Alcona Bay.
http://www.canmaps.com/topo/nts50/map/052j04.htm
The Drayton Gold Property (thanks again for the report) is useful because independent consultants provided the following POSITIVE recommendation:
And it gets better. One of the Drayton maps helps to locate the NWTT property.
Is there gold there? Probably. Can it be mined profitably? Dunno, but, as mentioned, the following statement makes sense.
Recent trend in the mining industry is toward small scale operations whose profitability is in fair part due to the absence of expensive offices and debt-loaded capital equipment costs. Typically, this requires clearly defined objectives and highly efficient ore recovery techniques using leased equipment, and if done carefully, an operation of this nature can commercialize many of the smaller deposits passed over by the big guys.
http://money.cnn.com/data/commodities/
Last quote:
Gold $1,413.50 (Floor)
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