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Tuesday, January 03, 2012 10:00:46 AM
1. There has been one assay done on the property. Clearly, one sample does not a mining claim make.Given the cost factor of $2,500, indicates that it was not even a reverse circulation drill hole.
2. The amount of gold/ton indicated by the assay, is comparable to only the best gold deposits. Most our 1-4 grams/ton. 9-10 grams per ton is very high.
3. I think you may be misreading the small mining rules. The following is taken from the BLM website:
The BLM regulations establish three levels of authorization, (1) casual use, (2) notice level, and (3) plans of operations. Casual use involves minor activity with hand tools, no explosives, and no mechanized earth moving equipment. No permit is required. Notice level activities involve use of explosives and/or earth moving equipment. The total annual unreclaimed surface disturbance must not exceed 5 acres per calendar year. A plan of operations is required for all other surface disturbance activities. A full environmental assessment and reclamation bonding are required.
Now you may want to call BLM, but to me, this says you can do "Casual" mining with no permit. All others require a permit. So unless they get a permit, looks like they will be casual mining.
Additionally, the 5 acres refers to the amount of land that has not been reclaimed, per bond, per calendar year.
4. I will not, at this time, go back and cite the multiple issues with Lou and previous pr's, rather just focus on the fact the company has brought their fin's current and we will go from there.
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