GOLD DEVELOPMENT: Alexis arranges Snow Lake US$45-million loan -
2012-05-29 MANITOBA –
Alexis Snow Lake Gold Mine -
Alexis Minerals
of Toronto has received formal credit approval from Credit Suisse for a US$45-million, 4.5-year term loan to hasten development of the Snow Lake (formerly New Britannia) Gold Mine 80 km east of Flin Flon.
Since Alexis became owner of the Snow Lake project in 2009 with its acquisition of Garson Gold, Alexis has increased the mineral resources and completed a feasibility study (November 2010).
The measured and indicated resource now stands at 728,000 tonnes and the inferred resource at 336,700 tonnes.
There are an estimated 1.1 million oz of contained gold in the resources.
Alexis has called a special meeting of shareholders for June 13 to approve a proposed 20:1 share consolidation and to approve a name change to QNX Gold Corporation.
The World Gold Council recently released its own report for the gold market for 2011. It noted that while global demand for gold had hit a new all-time high in (nominal) dollar terms , it was merely reaching its highest level in 15 years in terms of tonnages.
Indeed, investment demand rose by a mere 5% year-over-year.
Do we have any reason to believe that the bankers’ paper currency is inherently defective? Yes. When these same bankers persuaded our governments to abandon the gold standard in 1971, our paper currencies ceased to be “money” its a currency. They were no longer backed by any tangible asset, so they instantly ceased to be units of value.
Gold, as “the peoples’ money” it is also protect ourselves from the collapse of the paper currencies which even the creators of this paper are trying to dump themselves.
Swap your bankster-paper for gold mines and/or silver today – before this confetti (officially) acquires its actual zero value.
I don't hold these worthless paper currencies, rather than opt for humanity’s 5,000-year old safe havens: Gold and Silver.
Specifically, with all our governments explicitly engaged in the monetary policy known as “competitive devaluation”, only a person without knowledge, would hold an asset where the producers of that asset are trying to drive its value to zero as rapidly as possible.
In the 1,000 years since China began humanity’s experiments with these worthless, paper (“fiat”) currencies; the paper has a perfect record: it always goes to zero.
Ex. meanwhile, we are equally well-advanced along the road to another regular, economic event in our collective history: what I call a “bond-burning party” – where insolvent debtor governments simply erase all of those bond debts, leaving bond-holders with a big, fat nothing.
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