Friday, July 01, 2011 10:31:21 AM
He could be trying to negotiate with some neighbours:
"the resource estimate for Monte Cristo is huge. However, the property is next to several Indian reservations, and the government has recently put all of the placer claims in the area into a “no staking reserve”, which means that no one can stake any new claims in the area. We have held our claims since 2006, and have retained “grandfathered” rights, but trying to get a permit to simply do exploration work let alone open a mine is difficult. But we have not yet given up, and hope to have a meeting with the First Nations tribes in the near future to get their approval to move forward on the project. It’s worth pursuing, but we have to be realistic that the political realities in British Columbia might prevent this prospect from ever being developed.
http://irir.co/2011/06/north-bay-resources-inc-otcbb-nbri-ceo-interview-provides-detailed-outlook-on-ruby-mine-and-other-prospects/
"the resource estimate for Monte Cristo is huge. However, the property is next to several Indian reservations, and the government has recently put all of the placer claims in the area into a “no staking reserve”, which means that no one can stake any new claims in the area. We have held our claims since 2006, and have retained “grandfathered” rights, but trying to get a permit to simply do exploration work let alone open a mine is difficult. But we have not yet given up, and hope to have a meeting with the First Nations tribes in the near future to get their approval to move forward on the project. It’s worth pursuing, but we have to be realistic that the political realities in British Columbia might prevent this prospect from ever being developed.
http://irir.co/2011/06/north-bay-resources-inc-otcbb-nbri-ceo-interview-provides-detailed-outlook-on-ruby-mine-and-other-prospects/
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