InvestorsHub Logo
Followers 183
Posts 41499
Boards Moderated 6
Alias Born 03/21/2012

Re: lmcat post# 961

Sunday, 06/17/2012 2:43:16 PM

Sunday, June 17, 2012 2:43:16 PM

Post# of 3962
That's a good question that investors should ask GDSM - it would be interesting to see why they don't think the results from the 1964 Southwest Research Institute report are enough to begin mining. It was apparently enough for Scott Stoddard (Arizona Gold Corp.), a self-appointed mining engineer, to issue the rather specific appraisal of $143,437,500 for in-ground ore reserves!

The real answer, of course, is that the 1964 report does not have any assay results attached to it and is not a credible report. In fact, the report does not even bother to tabulate the data. They only give averages for results and the range of results. This report is nothing more than a historical curiosity since it does not have the components that would give it credibility.

That leaves the Lewis report (2005) as the only other sampling report for the Gold Star claims. Which GDSM/WSRA/GoldTech, etc. have not made publicly available for some reason. The fact that I have seen it means that they are using it for marketing purposes, but for some reason are withholding it from the stockholders.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.