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MEXIVADA MINING CORP
Mexivada extends Malambani gold zones; Moly Dome update
11/21/2007
VANCOUVER, Nov. 21, 2007 (Canada NewsWire via COMTEX News Network) --
TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q
VANCOUVER, Nov. 21 /CNW/ -
MALAMBANI, ROC CONGO: Mexivada is pleased to report that it has discovered four new gold zones in its Malambani exclusive concession area, within the North Gold Belt along a 10 kilometre ("km") length west of the previously reported Lemagna zone, where chip samples contained gold values of up to 11 grams per tonne gold in 1-metre channel samples were found in altered, sulfidized banded iron formation ("BIF") host rocks. These localities are shown on a map being posted to Mexivada's website at www.mexivada.com. Work also has continued on the plus 15.5 km long South Gold Belt, where 11 lode gold prospect areas have been located by sampling gold placer "leads" up to their source areas. Both belts are open to the west and east.
Trenching work just completed at the Bingoumi prospect in the North Gold Belt has unearthed a 12 m long and a plus 3 to 4 m true width zone of auriferous BIF (see photos on website) that appears to be the same stratigraphic unit as the BIF exposed at Lemagna, 2.8 km to the east of Bingoumi. The BIF sequence tends to average 15 metres in true thickness, not all of which is mineralized. Oxidized channel samples of BIF were crushed and panned on site at Bingoumi, which yielded recovered gold contents of 23 to 36 grams per cubic metre, with gold particles up to 0.5 gram in size. Excavation work and sampling continues now, during the rainy season at Bingoumi to delineate the mineral system. Mexivada's work is conducted out of its Mayoko office with 5 field geologists and engineers and approximately 40 local prospectors and other workers from Mayoko and neighboring villages. Samples are being shipped to labs in South Africa for chemical analyses and gold fire assays.
MOLY DOME, NEVADA: Mexivada completed its first drillhole at a depth of 459 metres, bottoming the hole in quartz-sericite-pyrite altered mineralized granitic rocks that contained local molybdenite in possible breccia clasts that had been transported upward from depth. A second hole was started on a southern, induced polarization ("IP") target area, which will resume after the Thanksgiving holiday break. The cores are being logged and will be split at a newly-opened facility which is being rented from the Shoshone-Paiute Tribe at nearby Owyhee, Nevada.
Mexivada's third drillhole will test a large IP chargeability anomaly to the northwest of holes 1 and 2, which may represent a shallow mineral target in a second igneous body in a porphyry cluster at Moly Dome. An IP section showing this target is being posted to the Mexivada website.
This press release and its contents have been reviewed by Richard R. Redfern, Mexivada's President, who is a Certified Professional Geologist and Qualified Person as defined under National Instrument 43-101.
About Mexivada Mining Corp.
---------------------------
Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver, Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and the ROC Republic of Congo. Managed by experienced and successful board members and advisors, Mexivada is well financed with no debt. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R. REDFERN"
Richard R. Redfern
President
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Caution Concerning Forward-Looking Statements
This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling assay results, future exploration work, and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.
SOURCE: Mexivada Mining Corp.
LionsGate Communication Corp., Telephone: (866) 922-6774 or (604) 866-7700, info@mexivada.com, www.mexivada.com
Copyright (C) 2007 CNW Group. All rights reserved.
Mexivada extends Malambani gold zones; Moly Dome update
11/21/2007
VANCOUVER, Nov. 21, 2007 (Canada NewsWire via COMTEX News Network) --
TSX-V: MNV
OTC: MXVDF
Frankfurt: M2Q
VANCOUVER, Nov. 21 /CNW/ -
MALAMBANI, ROC CONGO: Mexivada is pleased to report that it has discovered four new gold zones in its Malambani exclusive concession area, within the North Gold Belt along a 10 kilometre ("km") length west of the previously reported Lemagna zone, where chip samples contained gold values of up to 11 grams per tonne gold in 1-metre channel samples were found in altered, sulfidized banded iron formation ("BIF") host rocks. These localities are shown on a map being posted to Mexivada's website at www.mexivada.com. Work also has continued on the plus 15.5 km long South Gold Belt, where 11 lode gold prospect areas have been located by sampling gold placer "leads" up to their source areas. Both belts are open to the west and east.
Trenching work just completed at the Bingoumi prospect in the North Gold Belt has unearthed a 12 m long and a plus 3 to 4 m true width zone of auriferous BIF (see photos on website) that appears to be the same stratigraphic unit as the BIF exposed at Lemagna, 2.8 km to the east of Bingoumi. The BIF sequence tends to average 15 metres in true thickness, not all of which is mineralized. Oxidized channel samples of BIF were crushed and panned on site at Bingoumi, which yielded recovered gold contents of 23 to 36 grams per cubic metre, with gold particles up to 0.5 gram in size. Excavation work and sampling continues now, during the rainy season at Bingoumi to delineate the mineral system. Mexivada's work is conducted out of its Mayoko office with 5 field geologists and engineers and approximately 40 local prospectors and other workers from Mayoko and neighboring villages. Samples are being shipped to labs in South Africa for chemical analyses and gold fire assays.
MOLY DOME, NEVADA: Mexivada completed its first drillhole at a depth of 459 metres, bottoming the hole in quartz-sericite-pyrite altered mineralized granitic rocks that contained local molybdenite in possible breccia clasts that had been transported upward from depth. A second hole was started on a southern, induced polarization ("IP") target area, which will resume after the Thanksgiving holiday break. The cores are being logged and will be split at a newly-opened facility which is being rented from the Shoshone-Paiute Tribe at nearby Owyhee, Nevada.
Mexivada's third drillhole will test a large IP chargeability anomaly to the northwest of holes 1 and 2, which may represent a shallow mineral target in a second igneous body in a porphyry cluster at Moly Dome. An IP section showing this target is being posted to the Mexivada website.
This press release and its contents have been reviewed by Richard R. Redfern, Mexivada's President, who is a Certified Professional Geologist and Qualified Person as defined under National Instrument 43-101.
About Mexivada Mining Corp.
---------------------------
Mexivada is a diversified Canadian mineral exploration company focused on identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver, Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada, and the ROC Republic of Congo. Managed by experienced and successful board members and advisors, Mexivada is well financed with no debt. For further information, including area maps, sections, and photos, please visit our web site at www.mexivada.com or contact us by e-mail at info@mexivada.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R. REDFERN"
Richard R. Redfern
President
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Caution Concerning Forward-Looking Statements
This news release and related texts and images on Mexivada's website contain certain "forward-looking statements" including, but not limited to, statements relating to interpretation of mineralization potential, drilling assay results, future exploration work, and the expected results of this work. Forward looking statements are statements that are not historical facts and are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metals and diamond prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical, governmental, social, or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the company's projects; uncertainties involved in the interpretation of sampling and drilling results and other tests; the possibility that required permits and access agreements may not be obtained in a timely manner; risk of accidents, equipment breakdowns or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in these work programs.
Forward-looking statements contained in this release are based on the beliefs, estimates, and opinions of management on the date the statements are made. There can be no assurance that such statements will prove accurate. Actual results may differ materially from those anticipated or projected. Mexivada Mining Corp. undertakes no obligation to update these forward-looking statements if management's beliefs, estimates, opinions, or other factors, should change.
SOURCE: Mexivada Mining Corp.
LionsGate Communication Corp., Telephone: (866) 922-6774 or (604) 866-7700, info@mexivada.com, www.mexivada.com
Copyright (C) 2007 CNW Group. All rights reserved.
Bei ausgesuchten Rohstoffwerten, die gut durchfinanziert sind kann man wie im Sommer
jetzt wieder beherzt zugreifen. Die Vorsichtigen kaufen kleinere Positionen, die sie peu a peu
erhöhen.
Die ganz Vorsichtigen machen ausschliesslich News trading.
jetzt wieder beherzt zugreifen. Die Vorsichtigen kaufen kleinere Positionen, die sie peu a peu
erhöhen.
Die ganz Vorsichtigen machen ausschliesslich News trading.
Da wie weiter hinten gepostet die Eisenerzpreise 2008 deutlich steigen werden hat dieses auch einen
Effekt auf den Nickelpreis. Da Crowflight zum Produzenten wird kann man eine Posi eingehen.
Nov 22, 2007 04:30 ET
Halo Reports NI 43-101 Compliant Resources Estimate for Jungle Lake Deposit, Sherridon, Manitoba
TORONTO, ONTARIO--(Marketwire - Nov. 22, 2007) - Lynda Bloom, President and CEO of Halo Resources Ltd. (TSX:HLO)(OTCBB:HLOSF)(FRANKFURT:HRL) is pleased to announce the results of a preliminary National Instrument 43-101 compliant resource estimate of the Jungle Lake copper-zinc deposit at its Sherridon project in Manitoba. The Technical Report was coauthored by Scott Wilson Roscoe Postle (Scott Wilson RPA) and Giroux Consultants Ltd. (GCL) for Halo to substantiate the historical resource reported for the deposit. The resources estimated by GCL at Jungle Lake have been classified as Indicated and Inferred.
It is assumed that the Jungle Lake Deposit would probably be mined by a combination of both open pit and underground methods. The results of the resource estimate are as follows:
Potential Resource Tonnage GradeMining Method Class (t) Cu (%) Zn (%) Au (g/t) Ag (g/t)--------------------------------------------------------------------------
Open Pit Indicated 830,000 0.99 0.73 0.39 6.70
Underground Indicated 495,000 1.46 1.06 0.52 11.43--------------------------------------------------------------------------
Total 1,325,000 1.17 0.85 0.44 8.47
Open Pit Inferred 1,347,000 0.85 0.60 0.41 6.24
Underground Inferred 830,000 1.28 0.78 0.36 10.78--------------------------------------------------------------------------
Total 2,177,000 1.01 0.67 0.39 7.97
Potential Resource Contained MetalMining Method Class Cu (lb) Zn (lb) Au (oz) Ag (oz)--------------------------------------------------------------------------
Open Pit Indicated 18,115,000 13,358,000 10,000 179,000
Underground Indicated 15,933,000 11,568,000 8,000 182,000--------------------------------------------------------------------------
Total 34,048,000 24,925,000 19,000 361,000
Open Pit Inferred 25,242,000 17,818,000 18,000 270,000
Underground Inferred 23,422,000 14,273,000 10,000 288,000--------------------------------------------------------------------------
Total 48,664,000 32,090,000 27,000 558,000
(1) Open pit Cut-off NSRUS$20 above the 218 m level.(2) Underground Cut-off NSR US$40 below the 218 m level. All quantities rounded to the nearest 1000.
The total tonnage of 1,325,000 tonnes in the Indicated resource category has an overall grade of 1.17% copper, 0.85% zinc and precious metal credits. The cut-off grades were calculated on the basis of all four commodities based on the Net Smelter Return ("NSR") assumptions included under Technical Highlights. In addition, there are 2,177,000 tonnes in the Inferred resource category with an overall grade of 1.10% copper, 0.67% zinc and precious metal credits.
Tom Healy, Senior Vice-President & COO of Halo says: "We consider the results of the resource as a major milestone in the future development of the Sherridon copper-zinc project. The resource estimate reinforces our confidence in historical estimates that were carried out almost 50 years ago and highlights the potential for open pit mining operations at Jungle Lake and the other known deposits."
Halo owns or controls five known deposits (Jungle, Bob, Cold/Lost, Fidelity and Park) within a 4 km by 4 km area. The Jungle report is the first of several planned NI 43-101 compliant resource calculations which will be used to define sufficient Measured and Indicated resources to justify pre-feasibility studies.
The fact that potential open pit resources have been defined at Jungle Lake indicates that the other near-surface deposits drilled by Halo in 2007, such as Bob Lake and Cold Lake, are also important potential contributors to the total required tonnage. More importantly, the grades being reported for drill hole intersections at the Bob Lake North extension (1.5% copper and 3% zinc) and for Cold/Lost Lake (2% copper and 6% zinc) are higher than at Jungle Lake, offering further encouragement.
Lynda Bloom, President & CEO, states, "We are confident that the planned winter drill program will further upgrade the quality of the near-surface resources at several deposits. There are now two diamond drill rigs operating 24 hours, 7 days a week with the current drilling focused on the next two potential production sources at the Bob Lake and Cold/Lost Lake deposits in preparation for NI 43-101 resource estimates."
Technical Highlights
To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/HLO_Fig1.jpg
The data base used in the estimate consisted of 54 diamond drill holes containing 532 down hole surveys and 1,563 samples. The mineralized massive sulphide lens was plotted on cross sections and a three dimensional geologic model produced based on drill hole intersects. The grade distributions for each metal were examined and appropriate capping levels were established. Uniform 1.5 m composites were produced that honoured the massive sulphide lens boundaries. A block model with blocks 5.0 x 5.0 x 2.0 m in dimension was superimposed on the geologic 3D solid and the proportion of each block within the mineralized solid recorded. An estimation of grade was made by ordinary kriging on all blocks with some percentage within the mineralized solid. Specific gravities used in the resource estimate utilized measurements made from 96 specific gravity measurements from samples taken from Halo's 2007 drill holes within the mineralized solid.
Copper, zinc silver and gold contribute to the economics of the deposit so that a Net Smelter Return value (NSR) was calculated for each block based on the estimated grades of copper, zinc, silver and gold, reasonable metal prices, the estimated recoveries for each metal and common industry values for smelter terms. The parameters used were as follows:
--------------------------------------------------------------------------------------Metal Price (US$) Recovery (%)-------------------------------------------Copper $2.00/lb 85 %Zinc $0.75/lb 85 %Gold $ 600/oz 47 %Silver $8.50/oz 54 %--------------------------------------------------------------------------------------
The Jungle deposit is located approximately 7 kilometers north-east of the Town of Sherridon. Halo has the option to earn 100 percent interest in the Jungle Lake deposit from Hudson Bay through a series of cash and share payments and escalating work commitments as detailed in the option agreement.
The resource estimate reported in this press release was produced by Gary Giroux, P.Eng. MASc. a Qualified Person as defined by NI 43-101 who is responsible for the technical material contained in this news release. As required by NI 43-101 regulations, the resource estimate report will be filed on SEDAR in its entirety within 45 days following the date of this press release.
About the Sherridon VMS Property
The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from 1933 to 1950 and produced 7.7 million tonnes of ore grading 2.46%copper and 0.8% zinc. Results from an airborne geophysical survey completed in the summer of 2006 identified an additional 122 targets. The property is located only 70 km northeast of the mining and metallurgical complex in Flin Flon operated by HudBay Minerals Inc. (TSX:HBM). Future development of the property is facilitated by the presence of an all-weather road and railroad access as well as a power line and communications tower.
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.
This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Halo Reports NI 43-101 Compliant Resources Estimate for Jungle Lake Deposit, Sherridon, Manitoba
TORONTO, ONTARIO--(Marketwire - Nov. 22, 2007) - Lynda Bloom, President and CEO of Halo Resources Ltd. (TSX:HLO)(OTCBB:HLOSF)(FRANKFURT:HRL) is pleased to announce the results of a preliminary National Instrument 43-101 compliant resource estimate of the Jungle Lake copper-zinc deposit at its Sherridon project in Manitoba. The Technical Report was coauthored by Scott Wilson Roscoe Postle (Scott Wilson RPA) and Giroux Consultants Ltd. (GCL) for Halo to substantiate the historical resource reported for the deposit. The resources estimated by GCL at Jungle Lake have been classified as Indicated and Inferred.
It is assumed that the Jungle Lake Deposit would probably be mined by a combination of both open pit and underground methods. The results of the resource estimate are as follows:
Potential Resource Tonnage GradeMining Method Class (t) Cu (%) Zn (%) Au (g/t) Ag (g/t)--------------------------------------------------------------------------
Open Pit Indicated 830,000 0.99 0.73 0.39 6.70
Underground Indicated 495,000 1.46 1.06 0.52 11.43--------------------------------------------------------------------------
Total 1,325,000 1.17 0.85 0.44 8.47
Open Pit Inferred 1,347,000 0.85 0.60 0.41 6.24
Underground Inferred 830,000 1.28 0.78 0.36 10.78--------------------------------------------------------------------------
Total 2,177,000 1.01 0.67 0.39 7.97
Potential Resource Contained MetalMining Method Class Cu (lb) Zn (lb) Au (oz) Ag (oz)--------------------------------------------------------------------------
Open Pit Indicated 18,115,000 13,358,000 10,000 179,000
Underground Indicated 15,933,000 11,568,000 8,000 182,000--------------------------------------------------------------------------
Total 34,048,000 24,925,000 19,000 361,000
Open Pit Inferred 25,242,000 17,818,000 18,000 270,000
Underground Inferred 23,422,000 14,273,000 10,000 288,000--------------------------------------------------------------------------
Total 48,664,000 32,090,000 27,000 558,000
(1) Open pit Cut-off NSRUS$20 above the 218 m level.(2) Underground Cut-off NSR US$40 below the 218 m level. All quantities rounded to the nearest 1000.
The total tonnage of 1,325,000 tonnes in the Indicated resource category has an overall grade of 1.17% copper, 0.85% zinc and precious metal credits. The cut-off grades were calculated on the basis of all four commodities based on the Net Smelter Return ("NSR") assumptions included under Technical Highlights. In addition, there are 2,177,000 tonnes in the Inferred resource category with an overall grade of 1.10% copper, 0.67% zinc and precious metal credits.
Tom Healy, Senior Vice-President & COO of Halo says: "We consider the results of the resource as a major milestone in the future development of the Sherridon copper-zinc project. The resource estimate reinforces our confidence in historical estimates that were carried out almost 50 years ago and highlights the potential for open pit mining operations at Jungle Lake and the other known deposits."
Halo owns or controls five known deposits (Jungle, Bob, Cold/Lost, Fidelity and Park) within a 4 km by 4 km area. The Jungle report is the first of several planned NI 43-101 compliant resource calculations which will be used to define sufficient Measured and Indicated resources to justify pre-feasibility studies.
The fact that potential open pit resources have been defined at Jungle Lake indicates that the other near-surface deposits drilled by Halo in 2007, such as Bob Lake and Cold Lake, are also important potential contributors to the total required tonnage. More importantly, the grades being reported for drill hole intersections at the Bob Lake North extension (1.5% copper and 3% zinc) and for Cold/Lost Lake (2% copper and 6% zinc) are higher than at Jungle Lake, offering further encouragement.
Lynda Bloom, President & CEO, states, "We are confident that the planned winter drill program will further upgrade the quality of the near-surface resources at several deposits. There are now two diamond drill rigs operating 24 hours, 7 days a week with the current drilling focused on the next two potential production sources at the Bob Lake and Cold/Lost Lake deposits in preparation for NI 43-101 resource estimates."
Technical Highlights
To view Figure 1 please click on the following link: http://www.ccnmatthews.com/docs/HLO_Fig1.jpg
The data base used in the estimate consisted of 54 diamond drill holes containing 532 down hole surveys and 1,563 samples. The mineralized massive sulphide lens was plotted on cross sections and a three dimensional geologic model produced based on drill hole intersects. The grade distributions for each metal were examined and appropriate capping levels were established. Uniform 1.5 m composites were produced that honoured the massive sulphide lens boundaries. A block model with blocks 5.0 x 5.0 x 2.0 m in dimension was superimposed on the geologic 3D solid and the proportion of each block within the mineralized solid recorded. An estimation of grade was made by ordinary kriging on all blocks with some percentage within the mineralized solid. Specific gravities used in the resource estimate utilized measurements made from 96 specific gravity measurements from samples taken from Halo's 2007 drill holes within the mineralized solid.
Copper, zinc silver and gold contribute to the economics of the deposit so that a Net Smelter Return value (NSR) was calculated for each block based on the estimated grades of copper, zinc, silver and gold, reasonable metal prices, the estimated recoveries for each metal and common industry values for smelter terms. The parameters used were as follows:
--------------------------------------------------------------------------------------Metal Price (US$) Recovery (%)-------------------------------------------Copper $2.00/lb 85 %Zinc $0.75/lb 85 %Gold $ 600/oz 47 %Silver $8.50/oz 54 %--------------------------------------------------------------------------------------
The Jungle deposit is located approximately 7 kilometers north-east of the Town of Sherridon. Halo has the option to earn 100 percent interest in the Jungle Lake deposit from Hudson Bay through a series of cash and share payments and escalating work commitments as detailed in the option agreement.
The resource estimate reported in this press release was produced by Gary Giroux, P.Eng. MASc. a Qualified Person as defined by NI 43-101 who is responsible for the technical material contained in this news release. As required by NI 43-101 regulations, the resource estimate report will be filed on SEDAR in its entirety within 45 days following the date of this press release.
About the Sherridon VMS Property
The Sherridon VMS Property covers an area of over 20,876 hectares and hosts the past-producing Sherridon Mine that was operated by Sherritt Gordon Mines from 1933 to 1950 and produced 7.7 million tonnes of ore grading 2.46%copper and 0.8% zinc. Results from an airborne geophysical survey completed in the summer of 2006 identified an additional 122 targets. The property is located only 70 km northeast of the mining and metallurgical complex in Flin Flon operated by HudBay Minerals Inc. (TSX:HBM). Future development of the property is facilitated by the presence of an all-weather road and railroad access as well as a power line and communications tower.
About Halo Resources Ltd.
Halo is a Canadian-based resource company focused on the acquisition of near production base and precious base metal deposits. Currently the Company owns or has an interest in 3 projects: Duport, which is an advanced stage gold project; Red Lake, which is a gold exploration project, and the Sherridon project that is a combination of mature and grassroots volcanogenic massive sulphide (VMS) copper, zinc and gold exploration opportunities. The Company is operated by an experienced management team and backed by a strong network of mining financiers. The Company's growth strategy is to develop a diversified portfolio of advanced mining projects.
This news release presents "forward looking information" within the meaning of the applicable Canadian securities laws that involve inherent risks and uncertainties. Forward-looking information includes, but is not limited to, information with respect to the proposed private placement. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Halo to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to financings; risks related to the integration of acquisitions; risks related to joint venture operations; actual results of current exploration activities; actual results of current or future reclamation activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of gold and other minerals and metals; possible variations in ore reserves, grade or recovery rates; failure of equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although the management and officers of Halo Resources Ltd. believe that the expectations reflected in such forward-looking information are based upon reasonable assumptions and have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information Halo does not undertake to update any forward-looking information referenced herein, except in accordance with applicable securities laws. Trading in the securities of Halo Resources Ltd. should be considered highly speculative.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
ein guter Start für Halo - zu Crowflight -noch ist diese verdammte Genehmigung nich da...., aber das sollte kommen
Trade Winds
ein einziges Trauerspiel...
nahe ATL...
kann mir auch nicht vorstellen, dass die die Finanzierung zu 0,3 durchgebracht haben
ein einziges Trauerspiel...
nahe ATL...
kann mir auch nicht vorstellen, dass die die Finanzierung zu 0,3 durchgebracht haben
Trade Winds
ein einziges Trauerspiel...
nahe ATL...
» zur Grafik
kann mir auch nicht vorstellen, dass die die Finanzierung zu 0,3 durchgebracht haben
Tipst Du hier auch auf massives Hedging, um die Finanzierung zu drücken?
Trade Winds
ein einziges Trauerspiel...
nahe ATL...
» zur Grafik
kann mir auch nicht vorstellen, dass die die Finanzierung zu 0,3 durchgebracht haben
Tipst Du hier auch auf massives Hedging, um die Finanzierung zu drücken?
jepp,
boah, wenn ich jetzt 3mio Euro haette wuerde ich die fuer 0,3 CAD durchziehen und mir dafuer 1:1 Warrants mit 24 Monaten und Ausuebungspreis 0,4 CAD geben lassen!
Trade Winds
ein einziges Trauerspiel...
nahe ATL...
» zur Grafik
kann mir auch nicht vorstellen, dass die die Finanzierung zu 0,3 durchgebracht haben
Tipst Du hier auch auf massives Hedging, um die Finanzierung zu drücken?
jepp,
boah, wenn ich jetzt 3mio Euro haette wuerde ich die fuer 0,3 CAD durchziehen und mir dafuer 1:1 Warrants mit 24 Monaten und Ausuebungspreis 0,4 CAD geben lassen!
Gibts zu der Finanzierung eine link auf der TWD Seite. Ich such mir immer nen Wolf.
TJS - geile News.........durch den kapuutten Markt nix gegangen
MKR- dito
MLM- dito
PBX- dito
TWD- dito
....
usw.usw.usw..........allet komische Anleger unterwegs
Wenn das Gehirn wieder in Funktion ist wird dann wie im Sept. teurer zurückgekauft!
Nov 22, 2007 09:30 ET
Bluerock Resources Signs Option Agreement on Donna K Uranium Mine, Montose County, CO, USA
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2007) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (the Company) announces it signed an option agreement to purchase 100% interest in the Donna K Uranium project, Montrose County, Colorado, USA. The project is located in the Uravan Uranium Mineral Belt on the site of the historic Donna K Uranium Mine.
The Company has obtained historical drill data(i) with 37 significantly mineralized intercepts, 11 of which lie within 3 discrete blocks. Highlights of these drill records include 3.37% eU3O8 over 2.5 feet (0.8m) and 0.49% eU3O8 over 2.0 feet (0.6m).
(i) The historical work was conducted in the 1950's and 1970's by operators including Vanadium Corp of America. The reliability of this historical data is unknown but considered relevant by Company management. This historical data is non-N.I. 43-101 compliant and should not be relied upon. There is no more recent data available. It is the Company's intention to verify this historical data. Confirmation work may produce results that differ substantially from the historic results.
Highlights of historic(i) drill intersections include:
---------------------------------------Mineral Drill Thickness Grade %Block Hole # Feet (m) eU3O8---------------------------------------North 22-az 1.5 (0.5) 0.42---------------------------------------North 27-76 1.0 (0.3) 0.3---------------------------------------North 28-76 2.0 (0.6) 0.21---------------------------------------North 31-76 1.0 (0.3) 0.43---------------------------------------North 36-76 1.0 (0.3) 0.83---------------------------------------West 56-33 1.5 (0.5) 0.45---------------------------------------West 56-33 1.0 (0.3) 0.92---------------------------------------West 57-1 2.5 (0.8) 3.37---------------------------------------West 57-11 2.0 (0.6) 0.61---------------------------------------West 57-11 1.5 (0.5) 1.8---------------------------------------West 57-12 1.5 (0.5) 0.42---------------------------------------West 57-3 3.0 (0.9) 0.22---------------------------------------West 57-5 0.5 (0.2) 0.22---------------------------------------East 56-8 2.0 (0.6) 0.49---------------------------------------East 58-2 0.7 (0.2) 0.54---------------------------------------
President Michael Collins commented: "The Donna K uranium mine provides Bluerock with another advanced project for exploration and potential production within the Uravan Uranium District as we work to become a uranium producer under a toll milling scenario."
The rugged terrain of the Donna K project previously inhibited vertical drilling of favourable zones. The Company intends to utilize modern angle drilling techniques to expand on these historic results.
Under the terms of the agreement (which is subject to regulatory approval), the Company can purchase a 100% interest in the Donna K Uranium Mine from R. Neesham, L.R. Draves and T. Neesham, by:
- Paying US$67,000 and issuing 22,000 shares on exchange approval,
- Paying US$53,000 on the first anniversary of exchange approval; and
- Paying US$40,000 on the second anniversary of exchange approval.
Paul D. Gray, P.Geo. is the Qualified Person with respect to the Donna K's Uranium Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, CEO, President and Director
Statements contained in this document that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the B.C. Securities Commission.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Bluerock Resources Signs Option Agreement on Donna K Uranium Mine, Montose County, CO, USA
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 22, 2007) - Bluerock Resources Ltd. (TSX VENTURE:BRD) (the Company) announces it signed an option agreement to purchase 100% interest in the Donna K Uranium project, Montrose County, Colorado, USA. The project is located in the Uravan Uranium Mineral Belt on the site of the historic Donna K Uranium Mine.
The Company has obtained historical drill data(i) with 37 significantly mineralized intercepts, 11 of which lie within 3 discrete blocks. Highlights of these drill records include 3.37% eU3O8 over 2.5 feet (0.8m) and 0.49% eU3O8 over 2.0 feet (0.6m).
(i) The historical work was conducted in the 1950's and 1970's by operators including Vanadium Corp of America. The reliability of this historical data is unknown but considered relevant by Company management. This historical data is non-N.I. 43-101 compliant and should not be relied upon. There is no more recent data available. It is the Company's intention to verify this historical data. Confirmation work may produce results that differ substantially from the historic results.
Highlights of historic(i) drill intersections include:
---------------------------------------Mineral Drill Thickness Grade %Block Hole # Feet (m) eU3O8---------------------------------------North 22-az 1.5 (0.5) 0.42---------------------------------------North 27-76 1.0 (0.3) 0.3---------------------------------------North 28-76 2.0 (0.6) 0.21---------------------------------------North 31-76 1.0 (0.3) 0.43---------------------------------------North 36-76 1.0 (0.3) 0.83---------------------------------------West 56-33 1.5 (0.5) 0.45---------------------------------------West 56-33 1.0 (0.3) 0.92---------------------------------------West 57-1 2.5 (0.8) 3.37---------------------------------------West 57-11 2.0 (0.6) 0.61---------------------------------------West 57-11 1.5 (0.5) 1.8---------------------------------------West 57-12 1.5 (0.5) 0.42---------------------------------------West 57-3 3.0 (0.9) 0.22---------------------------------------West 57-5 0.5 (0.2) 0.22---------------------------------------East 56-8 2.0 (0.6) 0.49---------------------------------------East 58-2 0.7 (0.2) 0.54---------------------------------------
President Michael Collins commented: "The Donna K uranium mine provides Bluerock with another advanced project for exploration and potential production within the Uravan Uranium District as we work to become a uranium producer under a toll milling scenario."
The rugged terrain of the Donna K project previously inhibited vertical drilling of favourable zones. The Company intends to utilize modern angle drilling techniques to expand on these historic results.
Under the terms of the agreement (which is subject to regulatory approval), the Company can purchase a 100% interest in the Donna K Uranium Mine from R. Neesham, L.R. Draves and T. Neesham, by:
- Paying US$67,000 and issuing 22,000 shares on exchange approval,
- Paying US$53,000 on the first anniversary of exchange approval; and
- Paying US$40,000 on the second anniversary of exchange approval.
Paul D. Gray, P.Geo. is the Qualified Person with respect to the Donna K's Uranium Project and has reviewed and approved this press release.
Bluerock Resources Ltd. is a uranium exploration company focused on discovering tomorrow's energy today through the acquisition and development of conventional uranium resources.
ON BEHALF OF THE BOARD OF DIRECTORS
Michael Collins, CEO, President and Director
Statements contained in this document that are not historical facts are forward looking statements as that term is defined in the private securities litigation reform act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties are detailed in the Company's filing with the B.C. Securities Commission.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
TJS - geile News.........durch den kapuutten Markt nix gegangen
MKR- dito
MLM- dito
PBX- dito
TWD- dito
....
usw.usw.usw..........allet komische Anleger unterwegs
OK- dito
Stategien zu Gold und Silber, bei Carry Trade Währungspaaren.
Investment(Beleihung)von einer Währung mit niedriger Verzinsung in eine Währung mit hoher Verzinsung und demEinfluss auf Gold und Silber: Der Titel ist von mir!
Gold und Silber lieb ich sehr, …
Im vorletzten Teil unserer Serie werden wir heute die besonderen Umstände am Gold- und Silbermarkt aufzeigen, die sich durch die frühere monetäre Funktion und die Preismanipulation über fast 2 Jahrzehnte ergeben.
Was ist Gold? Gold ist nichts anderes als Geld! Im Unterschied zum Dollar oder Euro ist Gold jedoch nicht beliebig vermehrbar - und es ist unabhängig von einem Schuldner.
Seit dem enormen Anstieg des Gold- und Silberpreises in den 70er Jahren ist es relativ ruhig um die beiden Metalle geworden. Der Anlass für die damalige Hausse war, dass US-Präsident Richard Nixon die Eintauschbarkeit von Dollars in Gold am 15. August 1971 stoppte. Die endgültige Demonetisierung des Goldes hatte begonnen.
Die aufgestaute Inflation, die durch den Vietnamkrieg entstand, ließ daraufhin die Inflation explodieren. Der Dollar setzte zum Sinkflug an. Heute, über 20 Jahre nach dem Ende der letzten Hausse bei Gold und Silber, haben wir eine ähnliche Konstellation.
Nach zwei Jahrzehnten der Disinflation stehen wir am Beginn eines Inflationsjahrzehntes (siehe „Das Jahrzehnt der Rohstoffe (Teil 2) - Das Jahrzehnt der Inflation“) und damit vor einem weiteren Anstieg der Rohstoffpreise bzw. dem Indikator für Inflation: Gold.
Viele Anleger fragen sich, warum Gold denn nicht schon längst viel stärker gestiegen ist? Aus fundamentaler Sicht gibt es keine Begründung für einen niedrigen Goldpreis. Allerdings führte die so genannte Goldleihe bzw. der Gold Carry Trade in den letzten Jahrzehnten zu einem Überangebot am Markt, das fundamental nicht gerechtfertigt war.
Die Goldleihe
Bei der Goldleihe wird Gold, das in den Zentralbanken ungenutzt liegt, an Minen verliehen. Eine Bullionbank fungiert dabei als Mittelsmann. Die Minen verkaufen das Gold am Markt und verwenden den Erlös um Investitionen zu tätigen.
Diese Investitionen ermöglichen den Minen Gold zu fördern. Damit begleichen sie dann später ihre Goldschuld bei der Zentralbank. Die vermittelnden Banken erhalten dafür Provisionen, die Zentralbanken einen Leihzins und die Minen eine Finanzierung.
Die Verbindlichkeit lautet auf Gold und nicht auf eine Währung. Daher ist sie gegenüber einem fallenden Goldpreis abgesichert. Anderseits profitiert die Mine nicht von einem steigenden Goldkurs.
Der Gold Carry Trade
Es gibt verschiedene Varianten der Goldleihe. Eine riskante Form ist der Gold Carry Trade. Hierbei sichern sich die Banken nicht bei den Minen ab, sondern verkaufen das Gold am Markt und investieren den Erlös meist in Anleihen. Die Banken verdienen somit an der Zinsdifferenz. Sie sind nun jedoch auch vom Goldpreis abhängig: Ein steigender Goldpreis erzeugt Verluste, ein fallender Gewinne. In den Zeiten eines sinkenden Goldpreises war dieses Geschäft eine höchst profitable Angelegenheit für die Investmentbanken.
Da diese auf Grund des Nachfrageüberhanges niemals ihre Schuld in Gold zurückbezahlen könnten, würde ein stärkerer Goldpreisanstieg einige der größten Investmentbanken der Welt in den Ruin treiben.
Durch diesen Interessenskonflikt zwischen Anlegern und Banken ist die Theorie der so genannten “Goldpreismanipulation“ entstanden, die von Dimitri Speck aufgezeigt wurde.
Laut Herrn Speck interveniert die Fed seit dem 5. August 1993 regelmäßig am amerikanischen Goldmarkt. Die Manipulation könne nachgewiesen werden, da immer speziell an den Schlüsselterminen, den Fixings und Eröffnungen, interveniert wurde. Doch warum wird der Goldmarkt manipuliert?
Ist der Profit der Banken der einzige Grund dafür?
Der „Kampf gegen Gold“ ist eine Intervention für „Papier“. Die Erwartungen der amerikanischen Notenbank und der US-Regierung an einen gedrückten Goldpreis sind: Niedrige Zinsen, ein fester (zumindest stabiler) US-Dollar und moderate Preissteigerungen.
Diese Interventionen könnten auch erklären, warum der Goldpreis nicht in den Finanzkrisen der 90er Jahre anstieg - teilweise fiel er sogar als die Panik am größten war. Aus diesem Grund behaupten auch viele Börsenkommentatoren, dass Gold seine Aufgabe als Krisenmetall verloren habe.
Seit dem 11. September 2001 wird Gold jedoch wieder mehr als Kriseninvestment gesehen. Das es eine Zukunft hat, sieht man an der Instabilität unseres heutigen Währungssystems. Betrachten Sie folgende Zahlen:
In den vergangenen 30 Jahren hat es in 87 Ländern Währungskrisen gegeben: Mexiko 1995, Asien 1997, Russland 1998, Argentinien und Brasilien 2002 - und das ist nur die Spitze des Eisberges.
Wenn die Goldpreismanipulation eines Tages nicht mehr funktioniert und damit der Goldpreis sich unbeeinflusst entwickeln kann, sind aufgrund der riesigen Shortpositionen institutioneller Investoren bei Gold und Silber nicht nur massive Kursverwerfungen zu erwarten.
Um von dieser Entwicklung zu partizipieren, eignet sich vor allem physisches Gold, da im Krisenfall tatsächliches Gold und kein “Papiergold“ gesucht sein wird. Bei der letzten großen Spekulation (die Silberspekulation der Gebrüder Hunt) hat die COMEX einfach die Regeln des Futuresmarktes verändert. Dies trifft Sie bei einer Anlage in physischem Gold nicht – es sei denn, der Staat verbietet den Goldbesitz.
Übrigens, auch der Silbermarkt, in dem nur wenige Marktteilnehmer unter sich sind, ist noch anfälliger für Manipulationen. Wer mehr darüber erfahren möchte, sollte sich die Ausführungen des Silberexperten Theodore Butler einmal in Ruhe durchlesen:
Sobald die Spekulanten und technisch orientierten Fonds beginnen Silber zu kaufen, verkaufen die Händler an der COMEX Silberfutures. Irgendwann beginnt dann der Trend zu drehen. In dem Moment starten die Hedgefonds mit Verkäufen. Das bringt wiederum die Spekulanten in Bedrängnis. Margin Calls zwingen sie zur Liquidierung der Positionen. Nun decken die Händler erst auf einem sehr viel niedrigern Niveau ihre Positionen ein – und zwar mit einem stolzen Gewinn.
Dieses Verhalten kann man sehr gut am Chart des Silberpreises sehen. Er steigt über längere Zeit langsam an. Ab einem Niveau von 8-9 USD stürzt er dann innerhalb weniger Tage auf 5-6 USD.
Auch hier sei erwähnt, dass nur das Papiersilber (Futures) manipulierbar ist. Wer hingegen langfristig mit physischem Silber auf ein Ende der Manipulation spekuliert, hat eine Sorge weniger. Der legendäre Warren Buffet hat bereits vor Jahren angefangen, sich mit Silber einzudecken.
Wenn Sie auf das Ende der Marktmanipulationen bei Gold und Silber setzen, müssen Sie einen langen Atem beweisen. Bei der damaligen Spekulationsblase erreichte Silber Spitzenkurse von 50 US-Dollar – also über 800 % Gewinn vom heutigen Niveau aus. Gute Silberproduzenten schneiden aufgrund des Hebeleffektes noch besser ab.
Führt man diesen Gedanken fort, so wären bei Gold Kurse von 5.000 bis 10.000 US-Dollar vorstellbar (in den 70ern stieg Gold um das 25fache). Aber ich wäre auch mit weniger zufrieden... So, bevor die Männer in Weiß kommen - genug der Gedankenspielerei!
Im letzten Teil unserer Serie werden wir Ihnen nächste Woche weitere Gründe präsentieren, warum Rohstoffe in jedes gut diversifizierte Depot gehören.
Investment(Beleihung)von einer Währung mit niedriger Verzinsung in eine Währung mit hoher Verzinsung und demEinfluss auf Gold und Silber: Der Titel ist von mir!
Gold und Silber lieb ich sehr, …
Im vorletzten Teil unserer Serie werden wir heute die besonderen Umstände am Gold- und Silbermarkt aufzeigen, die sich durch die frühere monetäre Funktion und die Preismanipulation über fast 2 Jahrzehnte ergeben.
Was ist Gold? Gold ist nichts anderes als Geld! Im Unterschied zum Dollar oder Euro ist Gold jedoch nicht beliebig vermehrbar - und es ist unabhängig von einem Schuldner.
Seit dem enormen Anstieg des Gold- und Silberpreises in den 70er Jahren ist es relativ ruhig um die beiden Metalle geworden. Der Anlass für die damalige Hausse war, dass US-Präsident Richard Nixon die Eintauschbarkeit von Dollars in Gold am 15. August 1971 stoppte. Die endgültige Demonetisierung des Goldes hatte begonnen.
Die aufgestaute Inflation, die durch den Vietnamkrieg entstand, ließ daraufhin die Inflation explodieren. Der Dollar setzte zum Sinkflug an. Heute, über 20 Jahre nach dem Ende der letzten Hausse bei Gold und Silber, haben wir eine ähnliche Konstellation.
Nach zwei Jahrzehnten der Disinflation stehen wir am Beginn eines Inflationsjahrzehntes (siehe „Das Jahrzehnt der Rohstoffe (Teil 2) - Das Jahrzehnt der Inflation“) und damit vor einem weiteren Anstieg der Rohstoffpreise bzw. dem Indikator für Inflation: Gold.
Viele Anleger fragen sich, warum Gold denn nicht schon längst viel stärker gestiegen ist? Aus fundamentaler Sicht gibt es keine Begründung für einen niedrigen Goldpreis. Allerdings führte die so genannte Goldleihe bzw. der Gold Carry Trade in den letzten Jahrzehnten zu einem Überangebot am Markt, das fundamental nicht gerechtfertigt war.
Die Goldleihe
Bei der Goldleihe wird Gold, das in den Zentralbanken ungenutzt liegt, an Minen verliehen. Eine Bullionbank fungiert dabei als Mittelsmann. Die Minen verkaufen das Gold am Markt und verwenden den Erlös um Investitionen zu tätigen.
Diese Investitionen ermöglichen den Minen Gold zu fördern. Damit begleichen sie dann später ihre Goldschuld bei der Zentralbank. Die vermittelnden Banken erhalten dafür Provisionen, die Zentralbanken einen Leihzins und die Minen eine Finanzierung.
Die Verbindlichkeit lautet auf Gold und nicht auf eine Währung. Daher ist sie gegenüber einem fallenden Goldpreis abgesichert. Anderseits profitiert die Mine nicht von einem steigenden Goldkurs.
Der Gold Carry Trade
Es gibt verschiedene Varianten der Goldleihe. Eine riskante Form ist der Gold Carry Trade. Hierbei sichern sich die Banken nicht bei den Minen ab, sondern verkaufen das Gold am Markt und investieren den Erlös meist in Anleihen. Die Banken verdienen somit an der Zinsdifferenz. Sie sind nun jedoch auch vom Goldpreis abhängig: Ein steigender Goldpreis erzeugt Verluste, ein fallender Gewinne. In den Zeiten eines sinkenden Goldpreises war dieses Geschäft eine höchst profitable Angelegenheit für die Investmentbanken.
Da diese auf Grund des Nachfrageüberhanges niemals ihre Schuld in Gold zurückbezahlen könnten, würde ein stärkerer Goldpreisanstieg einige der größten Investmentbanken der Welt in den Ruin treiben.
Durch diesen Interessenskonflikt zwischen Anlegern und Banken ist die Theorie der so genannten “Goldpreismanipulation“ entstanden, die von Dimitri Speck aufgezeigt wurde.
Laut Herrn Speck interveniert die Fed seit dem 5. August 1993 regelmäßig am amerikanischen Goldmarkt. Die Manipulation könne nachgewiesen werden, da immer speziell an den Schlüsselterminen, den Fixings und Eröffnungen, interveniert wurde. Doch warum wird der Goldmarkt manipuliert?
Ist der Profit der Banken der einzige Grund dafür?
Der „Kampf gegen Gold“ ist eine Intervention für „Papier“. Die Erwartungen der amerikanischen Notenbank und der US-Regierung an einen gedrückten Goldpreis sind: Niedrige Zinsen, ein fester (zumindest stabiler) US-Dollar und moderate Preissteigerungen.
Diese Interventionen könnten auch erklären, warum der Goldpreis nicht in den Finanzkrisen der 90er Jahre anstieg - teilweise fiel er sogar als die Panik am größten war. Aus diesem Grund behaupten auch viele Börsenkommentatoren, dass Gold seine Aufgabe als Krisenmetall verloren habe.
Seit dem 11. September 2001 wird Gold jedoch wieder mehr als Kriseninvestment gesehen. Das es eine Zukunft hat, sieht man an der Instabilität unseres heutigen Währungssystems. Betrachten Sie folgende Zahlen:
In den vergangenen 30 Jahren hat es in 87 Ländern Währungskrisen gegeben: Mexiko 1995, Asien 1997, Russland 1998, Argentinien und Brasilien 2002 - und das ist nur die Spitze des Eisberges.
Wenn die Goldpreismanipulation eines Tages nicht mehr funktioniert und damit der Goldpreis sich unbeeinflusst entwickeln kann, sind aufgrund der riesigen Shortpositionen institutioneller Investoren bei Gold und Silber nicht nur massive Kursverwerfungen zu erwarten.
Um von dieser Entwicklung zu partizipieren, eignet sich vor allem physisches Gold, da im Krisenfall tatsächliches Gold und kein “Papiergold“ gesucht sein wird. Bei der letzten großen Spekulation (die Silberspekulation der Gebrüder Hunt) hat die COMEX einfach die Regeln des Futuresmarktes verändert. Dies trifft Sie bei einer Anlage in physischem Gold nicht – es sei denn, der Staat verbietet den Goldbesitz.
Übrigens, auch der Silbermarkt, in dem nur wenige Marktteilnehmer unter sich sind, ist noch anfälliger für Manipulationen. Wer mehr darüber erfahren möchte, sollte sich die Ausführungen des Silberexperten Theodore Butler einmal in Ruhe durchlesen:
Sobald die Spekulanten und technisch orientierten Fonds beginnen Silber zu kaufen, verkaufen die Händler an der COMEX Silberfutures. Irgendwann beginnt dann der Trend zu drehen. In dem Moment starten die Hedgefonds mit Verkäufen. Das bringt wiederum die Spekulanten in Bedrängnis. Margin Calls zwingen sie zur Liquidierung der Positionen. Nun decken die Händler erst auf einem sehr viel niedrigern Niveau ihre Positionen ein – und zwar mit einem stolzen Gewinn.
Dieses Verhalten kann man sehr gut am Chart des Silberpreises sehen. Er steigt über längere Zeit langsam an. Ab einem Niveau von 8-9 USD stürzt er dann innerhalb weniger Tage auf 5-6 USD.
Auch hier sei erwähnt, dass nur das Papiersilber (Futures) manipulierbar ist. Wer hingegen langfristig mit physischem Silber auf ein Ende der Manipulation spekuliert, hat eine Sorge weniger. Der legendäre Warren Buffet hat bereits vor Jahren angefangen, sich mit Silber einzudecken.
Wenn Sie auf das Ende der Marktmanipulationen bei Gold und Silber setzen, müssen Sie einen langen Atem beweisen. Bei der damaligen Spekulationsblase erreichte Silber Spitzenkurse von 50 US-Dollar – also über 800 % Gewinn vom heutigen Niveau aus. Gute Silberproduzenten schneiden aufgrund des Hebeleffektes noch besser ab.
Führt man diesen Gedanken fort, so wären bei Gold Kurse von 5.000 bis 10.000 US-Dollar vorstellbar (in den 70ern stieg Gold um das 25fache). Aber ich wäre auch mit weniger zufrieden... So, bevor die Männer in Weiß kommen - genug der Gedankenspielerei!
Im letzten Teil unserer Serie werden wir Ihnen nächste Woche weitere Gründe präsentieren, warum Rohstoffe in jedes gut diversifizierte Depot gehören.
Risk Free Gold
Bob Moriarty
Archives
Oct 8, 2007
From the $252 low in gold in late August of 1999 until the 18th of September of 2007 there has been risk to owning gold. But when Ben S. Bernanke lowered the Federal Funds rate by a full 50 basis points to 4.75% on the 18th of September, he removed all risk to gold. Yes, gold will continue to correct now and again but in his panic, Bernanke showed the only real risk is to savers of dollars. The dollar is dead, long live the dollar.
I was on another trip to Alaska and British Columbia, trying to see a few more projects before being cut off by winter. I saw some great ones and I want to bring them to your attention.
But first I think I should bring you up to date on what I think the most important events of the day are. There are two earth-shaking events in progress, one barely visible to most investors and the other so unthinkable that the public simply stick their heads in the sand.
We are in a liquidity crisis and the reaction of Fed Chairman Ben Bernanke should give you a clue as to how you should react. Ben Bernanke panicked and when Ben panics, so should you. Those who should know better call it a sub-prime crisis. It's nothing of the kind. We have a $460 trillion dollar pile of used toilet paper and the first smelly piece sticking to the bottom of our shoes is the sub-prime sector. But just because it's the first piece showing up hardly means it's the last.
Derivatives grew wildly out of control starting about 2001 when the stock market should have crashed. Greenspan saved the day by flooding the market with cheap paper. Derivatives were about $100 trillion six years ago and are somewhere north of $460 trillion dollars today. That's $76,666 per man, woman and tiny tot on earth. It's out of control and it's all fraud. Half a dozen people on earth understand the issue and Ben Bernanke isn't one of them. Derivatives are out of control because they allow "hedge funds" to speculate on what should be zero sum investments, yet they themselves determine if they have made a profit and when they have made a profit, they keep 20% of the take. It's gone on for years and much of the $460 trillion dollars worth of notional value is fraud.
It showed up first in the sub-prime market but hedge funds are exploding all over the world like Christmas crackers. At the end of the day, most of the 8,500 funds will be history, as will the paper assets of pension funds and all the major banks.
It's this simple. We have a worldwide crisis of confidence in paper assets caused by cheap money hurled to the masses by Alan Greenspan. We are not going to fix the problem by having Ben Bernanke hurl more cheap money to the masses. Ben can destroy the dollar and all the savers in the world by bailing out malinvesting but if cheap money was the basic problem, it simply cannot be the solution.
As nasty as that sounds, that isn't the biggest issue the world faces today. The Gang of Fools in the White House is determined to attack Iran with nuclear weapons. For 15 years Zionists have pushed the "Iran is the Nuclear Boogie Man" concept. It's all part of the "Clean Break from the Peace Plan," part and parcel of the NeoCon agenda. Well, nuking your neighbors is certainly part of breaking from a peace plan.
Bush and the rest of the Chicken Hawks have lost three wars in a row. Our military has been destroyed. The average Girl Scout troop is better equipped to handle combat than the tattered remains of our Marines and Army soldiers. We are going to nuke Iran because we don't have a fighting force left. We are going to attack a country that hasn't conducted a war of aggression in 2,000 years on the thin premise that they might.
Needless to say, we are going to lose. We aren't going to be fighting a bunch of leaderless rag-tag guerrillas such as we face in Iraq. We will be fighting a country with 65 million people and a trained army that went through a decade-long war with Iraq. We will kill hundreds of thousands of innocent people before we are through but in the end, the United States and Israel will disappear from the sands of times. It's that dangerous.
Iran is not the enemy of the United States. Any attack on them will convince all sane people in the world that the United States is a rogue state. There will be consequences that most Americans simply refuse to face.
Bush, Cheney, all the Zionist fools in Israel have lost three wars in a row. Betting on those folks in combat is probably the worst idea I have ever heard. We are going to lose.
That cheerful message aside, owning gold and gold mining shares is now the safest investment in history.
Little Squaw
My first trip was to a 100-year-old mining district well north of the Artic Circle called the Chandalar Mining District as the guest of the President and CEO of the Little Squaw Gold Mining Company, Dick Walters.
The Little Squaw Gold Mining Company was formed in 1959 but its origins go back to 1906 when a partnership made up of Thomas Carter from Montana, a Japanese immigrant to Alaska named Frank Yasuda and Frank's Eskimo wife, Nevelo, discovered gold in the Chandalar River Basin where they found gold at Little Squaw Creek named for Frank Yasuda and Nevelo's little girl.
The group mined a rich placer deposit and later, while picking berries, Nevelo and young daughter Hana discovered a series of rich gold-quartz veins on the hills overlooking the creek, the hard rock source of the placer gold.
The area has been mined on and off over the past 100 years. Both as placer mines and as lode mines. Little Squaw was pretty much quiet, operating as a land owner and receiving a percentage of the gold found for years before coming under new management in 2003. Since that time, Dick Walters and his team have breathed new life into the old dog.
Dick Walters was the founder of Yamana, once a $.10 stock, now at $11 with a $4 billion dollar market cap. He intends much the same at Little Squaw gold with the Chandalar district as his prime mover.
I really enjoyed my visit and meeting Dick's well qualified team. Dick began talking to us three years ago when the company was basically in dead man's corner. The stock was selling for peanuts. Without results they couldn't raise money and without money they couldn't deliver results.
Somehow, Dick managed the almost impossible. He increased the number of shares four-fold but the market value of the company eighty-fold. His team is in the midst of conducting a two-pronged exploration of the Little Squaw region.
One team, headed by Jeff Keener has completed 4700 meters of RC drilling to outline a placer resource in a fan area at the base of Little Squaw Creek. Jeff is probably one of the top three placer experts in Alaska. If you want to understand and model a deposit, he's the guy.
I know "Placer" is a four-letter word in the mining finance business but it's an absurd view. Almost half the gold ever produced came from placer operations; it was the standard for most of history. But there have been so many scams around placer operations over the last 30 years that by and large Vancouver and Toronto financial wizards refuse to consider placer mining for investment.
They are missing the boat. It is far cheaper and far faster to get into production. With $730 gold, are you interested in a company that could be in placer production in 18 months or a hard rock company looking at 6 years?
Little Squaw is playing both angles. They have announced a 189,000-ounce placer resource as I write this piece and indicate the potential for five times as much. They have drilled out 7.5 million yards of placer material worth $17 per yard at $700 gold. As a rule of thumb, all placer mining consists of is moving dirt. They can move and process a yard of material for anywhere from $3-$5 a yard even flying in their fuel. In my view, management needs to be planning on placer production as soon as possible. I'd like to see a few million put into equipment and get it cranking out gold. The placer operation can provide all the cash necessary to prove up some hard rock ounces.
This area is rich in gold but due to its location, has been way under explored. The property was tied up in litigation for years and has simply been bypassed by the industry in general.
Saying they need to get into production on the placer side does not do justice to the hard rock potential. There are numerous outcrops on the hills overlooking the various drainages. The hard rock exploration is under the control of Rodney Blakestad, VP of Exploration for Little Squaw.
The 2007 program calls for 1,250 meters of trenching to be done in 30 separate targets. Due to high demands on labs, drill results and soil samples have been running months late for a couple of years now. Companies in the Arctic such as LITS are particularly crippled by a lack of data due to their short working season. Results to date are encouraging but there are a lot more assays to be announced over the next few months.
I'm going to crawl right out on a limb and make some wild predictions but lack of data from assay results would really prevent a reasonable investor from understanding what Little Squaw really has on their hands. This region has a lot of history mining in various areas. Grades underground run anywhere from a third of an ounce up to over half an ounce, well economic, even this far north.
I crawled down into the trenches, took samples and panned them. I got down and dirty and I saw the rocks and the area. LITS has multi-million ounce gold potential in a number of showings. I'd guess you would really want a minimum of 2-3 million ounces of hard rock above 10 gram to have a viable hard rock mine. LITS will have it easily.
I am interested in production. At these prices, if you don't have a mine, you have a moose pasture. LITS should make a production decision just as soon as possible. They could be blasting and moving the barren gravel cover as early as 4th quarter 2008 and they should. You can look at the placer fan and shove a wetted finger in the air and see which way the wind is blowing. Gold is going higher, much, much higher and the fastest way to profit is to be producing placer.
I hate dilution and if Little Squaw wants to get another few seasons under their belt before making a production decision, there will be a lot more shares outstanding. Dick Walters has done a brilliant job of resurrecting the dead. He has brought Little Squaw an incredible distance in four years. It's time to make a production decision on the placer and with the profit from that, the company will have all the time and money in the world to do a hard rock mine right.
We don't own shares and it's not because I don't like the company. I really like them and the team Dick has put together. But companies in the North Arctic go through a boom and bust cycle every year as they go through six months of no news at all. The company is reasonably priced today but when three months goes by with no news, it will be cheaper. Little Squaw is soon going to be an advertiser and I am biased. You must do your own due diligence.
Little Squaw Gold Mining
LITS-OTCBB US$.96 (Oct 5, 2007)
36.3 million shares
Little Squaw website
Bob Moriarty
President: 321gold
Archives
Risk Free Gold, part 2
Bob Moriarty
Archives
Oct 10, 2007
As I said in my last piece released on Friday Oct 5th, the Bernanke panic of September 18th has made gold risk-free. And the world faces two systemic events at the same time. The implosion of 8,500 hedge funds with its associated $460 trillion derivative fraud along with an unprovoked nuclear attack on Iran planned by Israel 15 years ago and soon to be executed by the United States. Your world is fixing to change in ways we can only dream of in nightmares. It's a good time to own gold.
On my latest visit to Alaska and Northern BC, I stopped in to visit the nice people at American Creek Resources. (AMK) It's a new company, only formed in 2004, they executed their first private placement in the summer of 2006 and began trading as a public company on September 1, 2006.
American Creek is an exploration company betting their fortune on the Golden Triangle of Northwest British Columbia. They are running an extremely aggressive, high-risk, high-reward, multi-prong approach on a number of targets in the area. If they succeed, they are going to succeed wildly. But they are walking on a very thin tight rope and it wouldn't take much to fall.
The good side is that they are entering into joint ventures on properties with either past production or advance exploration on them. I was only there for one day and only managed to see one property due to bad weather so I didn't see the crown jewels and you will have to visit their site for more information.
AMK is using a shotgun approach to exploration that I'm not sure I agree with. They have half a dozen projects that they are attempting to advance all at the same time. I'd be a lot more comfortable with more work on fewer projects. I don't understand half a dozen projects and I don't know many investors who do either.
They suffer from the 'Northern BC effect' as well, which means a relatively short season and a lot of assays released at one time and then nothing at all for nine months. This is a stock that you are going to have to trade; there will be wild swings in the price. The range this past 52 weeks has been from $2.61 to a low of $.62.
For 2006, the company appears to have spent more money on acquiring properties than in exploration. This is a company based on the business experience of management rather than a mining background. The business experience is great but it also puts them into a position they have to pay up for projects and they have paid a high whack. It's hard to determine just how much they have spent on picking up properties but money going into the hands of a promoter is money not going into the ground.
The Electrum property was the home of an ultra-rich but ultra-tiny mining venture in the past. The grades are excellent, in the 440-g/t range, over narrow, .5-meter width. They need a lot more than that. The company has completed 8,700 meters of drilling this year but with labs backed up, few results have been announced to date.
I visited the Treaty Creek project adjacent to projects owned by Seabridge containing 17 million ounces of gold and 4.5 billion pounds of copper as well as being just north of a project owned by Silver Standard containing 3.5 million ounces of gold. Since there are no results from this year's 5,000-meter drill program, all I can say it that they have some interesting potential.
American Creek is committed to $5 million in exploration and 100,000 shares to earn 51% of the project though they can earn another 9% by completing a feasibility study. That's a big whack. It's an interesting property loaded with bright red mineral indicating gossans. It's an area play more than anything else. Should Seabridge or Silver Standard make a production decision, they would want the AMK Treaty Creek property should drill results indicate a real resource.
I went to Seabridge's website and looked at their numbers on the grade of the gold and copper resource. They show a grade of .72 g/t for gold and .18% for copper. That's $32 rock and even with a giant almost 600 million-ton resource, it's barely economic that far out in the boonies. I would want to see a far higher-grade starter pit for American Creek if they want to be serious about being a buy-out candidate.
American Creek need to focus on their core projects. I couldn't even figure out from their website what they were. They are trying to keep too many balls in the air and no one I know can do it successfully. The lack of hard assays on drill results is crippling the company and has whacked 75% off the value of the shares.
AMK is up to 60 million shares on a fully diluted basis already. If they don't focus, the company runs a very real risk of spinning wildly out of control. It's far better to have one great project than 10 mediocre projects which investors can't understand in any case. Their immediate future rests on coming up with some really solid drill results. That's dangerous.
We don't own shares. I like the management but they do need more Indians and fewer Chiefs. A lot of money is going for management in relation to what is going into the ground. The company is far more focused on promotion than on exploration. They need to define their core competancy and stick to it.
American Creek Resources
AMK-V $.70 Canadian (Oct 9, 2007)
49.1 million shares outstanding
American Creek website
Bob Moriarty
President: 321gold
Archives
321gold Ltd
Bob Moriarty
Archives
Oct 8, 2007
From the $252 low in gold in late August of 1999 until the 18th of September of 2007 there has been risk to owning gold. But when Ben S. Bernanke lowered the Federal Funds rate by a full 50 basis points to 4.75% on the 18th of September, he removed all risk to gold. Yes, gold will continue to correct now and again but in his panic, Bernanke showed the only real risk is to savers of dollars. The dollar is dead, long live the dollar.
I was on another trip to Alaska and British Columbia, trying to see a few more projects before being cut off by winter. I saw some great ones and I want to bring them to your attention.
But first I think I should bring you up to date on what I think the most important events of the day are. There are two earth-shaking events in progress, one barely visible to most investors and the other so unthinkable that the public simply stick their heads in the sand.
We are in a liquidity crisis and the reaction of Fed Chairman Ben Bernanke should give you a clue as to how you should react. Ben Bernanke panicked and when Ben panics, so should you. Those who should know better call it a sub-prime crisis. It's nothing of the kind. We have a $460 trillion dollar pile of used toilet paper and the first smelly piece sticking to the bottom of our shoes is the sub-prime sector. But just because it's the first piece showing up hardly means it's the last.
Derivatives grew wildly out of control starting about 2001 when the stock market should have crashed. Greenspan saved the day by flooding the market with cheap paper. Derivatives were about $100 trillion six years ago and are somewhere north of $460 trillion dollars today. That's $76,666 per man, woman and tiny tot on earth. It's out of control and it's all fraud. Half a dozen people on earth understand the issue and Ben Bernanke isn't one of them. Derivatives are out of control because they allow "hedge funds" to speculate on what should be zero sum investments, yet they themselves determine if they have made a profit and when they have made a profit, they keep 20% of the take. It's gone on for years and much of the $460 trillion dollars worth of notional value is fraud.
It showed up first in the sub-prime market but hedge funds are exploding all over the world like Christmas crackers. At the end of the day, most of the 8,500 funds will be history, as will the paper assets of pension funds and all the major banks.
It's this simple. We have a worldwide crisis of confidence in paper assets caused by cheap money hurled to the masses by Alan Greenspan. We are not going to fix the problem by having Ben Bernanke hurl more cheap money to the masses. Ben can destroy the dollar and all the savers in the world by bailing out malinvesting but if cheap money was the basic problem, it simply cannot be the solution.
As nasty as that sounds, that isn't the biggest issue the world faces today. The Gang of Fools in the White House is determined to attack Iran with nuclear weapons. For 15 years Zionists have pushed the "Iran is the Nuclear Boogie Man" concept. It's all part of the "Clean Break from the Peace Plan," part and parcel of the NeoCon agenda. Well, nuking your neighbors is certainly part of breaking from a peace plan.
Bush and the rest of the Chicken Hawks have lost three wars in a row. Our military has been destroyed. The average Girl Scout troop is better equipped to handle combat than the tattered remains of our Marines and Army soldiers. We are going to nuke Iran because we don't have a fighting force left. We are going to attack a country that hasn't conducted a war of aggression in 2,000 years on the thin premise that they might.
Needless to say, we are going to lose. We aren't going to be fighting a bunch of leaderless rag-tag guerrillas such as we face in Iraq. We will be fighting a country with 65 million people and a trained army that went through a decade-long war with Iraq. We will kill hundreds of thousands of innocent people before we are through but in the end, the United States and Israel will disappear from the sands of times. It's that dangerous.
Iran is not the enemy of the United States. Any attack on them will convince all sane people in the world that the United States is a rogue state. There will be consequences that most Americans simply refuse to face.
Bush, Cheney, all the Zionist fools in Israel have lost three wars in a row. Betting on those folks in combat is probably the worst idea I have ever heard. We are going to lose.
That cheerful message aside, owning gold and gold mining shares is now the safest investment in history.
Little Squaw
My first trip was to a 100-year-old mining district well north of the Artic Circle called the Chandalar Mining District as the guest of the President and CEO of the Little Squaw Gold Mining Company, Dick Walters.
The Little Squaw Gold Mining Company was formed in 1959 but its origins go back to 1906 when a partnership made up of Thomas Carter from Montana, a Japanese immigrant to Alaska named Frank Yasuda and Frank's Eskimo wife, Nevelo, discovered gold in the Chandalar River Basin where they found gold at Little Squaw Creek named for Frank Yasuda and Nevelo's little girl.
The group mined a rich placer deposit and later, while picking berries, Nevelo and young daughter Hana discovered a series of rich gold-quartz veins on the hills overlooking the creek, the hard rock source of the placer gold.
The area has been mined on and off over the past 100 years. Both as placer mines and as lode mines. Little Squaw was pretty much quiet, operating as a land owner and receiving a percentage of the gold found for years before coming under new management in 2003. Since that time, Dick Walters and his team have breathed new life into the old dog.
Dick Walters was the founder of Yamana, once a $.10 stock, now at $11 with a $4 billion dollar market cap. He intends much the same at Little Squaw gold with the Chandalar district as his prime mover.
I really enjoyed my visit and meeting Dick's well qualified team. Dick began talking to us three years ago when the company was basically in dead man's corner. The stock was selling for peanuts. Without results they couldn't raise money and without money they couldn't deliver results.
Somehow, Dick managed the almost impossible. He increased the number of shares four-fold but the market value of the company eighty-fold. His team is in the midst of conducting a two-pronged exploration of the Little Squaw region.
One team, headed by Jeff Keener has completed 4700 meters of RC drilling to outline a placer resource in a fan area at the base of Little Squaw Creek. Jeff is probably one of the top three placer experts in Alaska. If you want to understand and model a deposit, he's the guy.
I know "Placer" is a four-letter word in the mining finance business but it's an absurd view. Almost half the gold ever produced came from placer operations; it was the standard for most of history. But there have been so many scams around placer operations over the last 30 years that by and large Vancouver and Toronto financial wizards refuse to consider placer mining for investment.
They are missing the boat. It is far cheaper and far faster to get into production. With $730 gold, are you interested in a company that could be in placer production in 18 months or a hard rock company looking at 6 years?
Little Squaw is playing both angles. They have announced a 189,000-ounce placer resource as I write this piece and indicate the potential for five times as much. They have drilled out 7.5 million yards of placer material worth $17 per yard at $700 gold. As a rule of thumb, all placer mining consists of is moving dirt. They can move and process a yard of material for anywhere from $3-$5 a yard even flying in their fuel. In my view, management needs to be planning on placer production as soon as possible. I'd like to see a few million put into equipment and get it cranking out gold. The placer operation can provide all the cash necessary to prove up some hard rock ounces.
This area is rich in gold but due to its location, has been way under explored. The property was tied up in litigation for years and has simply been bypassed by the industry in general.
Saying they need to get into production on the placer side does not do justice to the hard rock potential. There are numerous outcrops on the hills overlooking the various drainages. The hard rock exploration is under the control of Rodney Blakestad, VP of Exploration for Little Squaw.
The 2007 program calls for 1,250 meters of trenching to be done in 30 separate targets. Due to high demands on labs, drill results and soil samples have been running months late for a couple of years now. Companies in the Arctic such as LITS are particularly crippled by a lack of data due to their short working season. Results to date are encouraging but there are a lot more assays to be announced over the next few months.
I'm going to crawl right out on a limb and make some wild predictions but lack of data from assay results would really prevent a reasonable investor from understanding what Little Squaw really has on their hands. This region has a lot of history mining in various areas. Grades underground run anywhere from a third of an ounce up to over half an ounce, well economic, even this far north.
I crawled down into the trenches, took samples and panned them. I got down and dirty and I saw the rocks and the area. LITS has multi-million ounce gold potential in a number of showings. I'd guess you would really want a minimum of 2-3 million ounces of hard rock above 10 gram to have a viable hard rock mine. LITS will have it easily.
I am interested in production. At these prices, if you don't have a mine, you have a moose pasture. LITS should make a production decision just as soon as possible. They could be blasting and moving the barren gravel cover as early as 4th quarter 2008 and they should. You can look at the placer fan and shove a wetted finger in the air and see which way the wind is blowing. Gold is going higher, much, much higher and the fastest way to profit is to be producing placer.
I hate dilution and if Little Squaw wants to get another few seasons under their belt before making a production decision, there will be a lot more shares outstanding. Dick Walters has done a brilliant job of resurrecting the dead. He has brought Little Squaw an incredible distance in four years. It's time to make a production decision on the placer and with the profit from that, the company will have all the time and money in the world to do a hard rock mine right.
We don't own shares and it's not because I don't like the company. I really like them and the team Dick has put together. But companies in the North Arctic go through a boom and bust cycle every year as they go through six months of no news at all. The company is reasonably priced today but when three months goes by with no news, it will be cheaper. Little Squaw is soon going to be an advertiser and I am biased. You must do your own due diligence.
Little Squaw Gold Mining
LITS-OTCBB US$.96 (Oct 5, 2007)
36.3 million shares
Little Squaw website
Bob Moriarty
President: 321gold
Archives
Risk Free Gold, part 2
Bob Moriarty
Archives
Oct 10, 2007
As I said in my last piece released on Friday Oct 5th, the Bernanke panic of September 18th has made gold risk-free. And the world faces two systemic events at the same time. The implosion of 8,500 hedge funds with its associated $460 trillion derivative fraud along with an unprovoked nuclear attack on Iran planned by Israel 15 years ago and soon to be executed by the United States. Your world is fixing to change in ways we can only dream of in nightmares. It's a good time to own gold.
On my latest visit to Alaska and Northern BC, I stopped in to visit the nice people at American Creek Resources. (AMK) It's a new company, only formed in 2004, they executed their first private placement in the summer of 2006 and began trading as a public company on September 1, 2006.
American Creek is an exploration company betting their fortune on the Golden Triangle of Northwest British Columbia. They are running an extremely aggressive, high-risk, high-reward, multi-prong approach on a number of targets in the area. If they succeed, they are going to succeed wildly. But they are walking on a very thin tight rope and it wouldn't take much to fall.
The good side is that they are entering into joint ventures on properties with either past production or advance exploration on them. I was only there for one day and only managed to see one property due to bad weather so I didn't see the crown jewels and you will have to visit their site for more information.
AMK is using a shotgun approach to exploration that I'm not sure I agree with. They have half a dozen projects that they are attempting to advance all at the same time. I'd be a lot more comfortable with more work on fewer projects. I don't understand half a dozen projects and I don't know many investors who do either.
They suffer from the 'Northern BC effect' as well, which means a relatively short season and a lot of assays released at one time and then nothing at all for nine months. This is a stock that you are going to have to trade; there will be wild swings in the price. The range this past 52 weeks has been from $2.61 to a low of $.62.
For 2006, the company appears to have spent more money on acquiring properties than in exploration. This is a company based on the business experience of management rather than a mining background. The business experience is great but it also puts them into a position they have to pay up for projects and they have paid a high whack. It's hard to determine just how much they have spent on picking up properties but money going into the hands of a promoter is money not going into the ground.
The Electrum property was the home of an ultra-rich but ultra-tiny mining venture in the past. The grades are excellent, in the 440-g/t range, over narrow, .5-meter width. They need a lot more than that. The company has completed 8,700 meters of drilling this year but with labs backed up, few results have been announced to date.
I visited the Treaty Creek project adjacent to projects owned by Seabridge containing 17 million ounces of gold and 4.5 billion pounds of copper as well as being just north of a project owned by Silver Standard containing 3.5 million ounces of gold. Since there are no results from this year's 5,000-meter drill program, all I can say it that they have some interesting potential.
American Creek is committed to $5 million in exploration and 100,000 shares to earn 51% of the project though they can earn another 9% by completing a feasibility study. That's a big whack. It's an interesting property loaded with bright red mineral indicating gossans. It's an area play more than anything else. Should Seabridge or Silver Standard make a production decision, they would want the AMK Treaty Creek property should drill results indicate a real resource.
I went to Seabridge's website and looked at their numbers on the grade of the gold and copper resource. They show a grade of .72 g/t for gold and .18% for copper. That's $32 rock and even with a giant almost 600 million-ton resource, it's barely economic that far out in the boonies. I would want to see a far higher-grade starter pit for American Creek if they want to be serious about being a buy-out candidate.
American Creek need to focus on their core projects. I couldn't even figure out from their website what they were. They are trying to keep too many balls in the air and no one I know can do it successfully. The lack of hard assays on drill results is crippling the company and has whacked 75% off the value of the shares.
AMK is up to 60 million shares on a fully diluted basis already. If they don't focus, the company runs a very real risk of spinning wildly out of control. It's far better to have one great project than 10 mediocre projects which investors can't understand in any case. Their immediate future rests on coming up with some really solid drill results. That's dangerous.
We don't own shares. I like the management but they do need more Indians and fewer Chiefs. A lot of money is going for management in relation to what is going into the ground. The company is far more focused on promotion than on exploration. They need to define their core competancy and stick to it.
American Creek Resources
AMK-V $.70 Canadian (Oct 9, 2007)
49.1 million shares outstanding
American Creek website
Bob Moriarty
President: 321gold
Archives
321gold Ltd
Am Abend ist mir Rochester Resources wieder ind Depot gehüpft!
Und mit 7 cent Gewinn wieder rausgehüpft!
Rohstoffe-Go - Shanghai 23.11.07 (<a href="http://www.rohstoffe-go.de";>http://www.rohstoffe-go.de<;/a>)
Der Preis für Kupfer konnte heute in Shanghai zulegen. Getrieben wurde der Preis von Käufern aus China, die jetzt zu günstigen Konditionen ihre Lager auffüllen.
Die Bestände der Shanghai Futures Exchange gingen derweil in dieser Woche um 21 % zurück und bewegen sich damit auf dem tiefsten Stand seit März.
Auch ein Analyst sagte, dass die Zukäufe aus China derzeit massiv sein dürften, Kupfer dürfte damit seinen Boden gefunden haben.
Der Februar-Kontrakt stieg heute um 1,8 % auf 55.420 Yuan (7.489 USD) je Tonne an der Shanghai Futures Exchange.
Der Preis für Kupfer konnte heute in Shanghai zulegen. Getrieben wurde der Preis von Käufern aus China, die jetzt zu günstigen Konditionen ihre Lager auffüllen.
Die Bestände der Shanghai Futures Exchange gingen derweil in dieser Woche um 21 % zurück und bewegen sich damit auf dem tiefsten Stand seit März.
Auch ein Analyst sagte, dass die Zukäufe aus China derzeit massiv sein dürften, Kupfer dürfte damit seinen Boden gefunden haben.
Der Februar-Kontrakt stieg heute um 1,8 % auf 55.420 Yuan (7.489 USD) je Tonne an der Shanghai Futures Exchange.
das kannste du aber Gut! 
Am Abend ist mir Rochester Resources wieder ind Depot gehüpft!
Und mit 7 cent Gewinn wieder rausgehüpft!
- Status
