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Figure 1: High Desert Gold Corp. Nevada gold targets
Figure 2: Majescor copper-gold in Haiti adjoining Newmont Mining and Eurasian Minerals on the “Pueblo Viejo” trend traced from the 30 mm oz Barrick-Goldcorp joint venture to the southeast. (Note: the Dom. Rep. designated a large portion of the “Pueblo Viejo trend” as a national park.
Figure 3: Focus Gold Corp. assembles early stage properties
Figure 4: Everton Resources immediately adjoins the 30 mm oz Barrick Gold-Goldcorp Pueblo Viejo joint venture along its western and northern claim block boundaries.
Figure 5: Hard Creek Nickel has nearly a 1 billion metric tonne, 0.22% nickel open pitable deposit in the northwest corner of British Columbia to benefit from power line and road infrastructure built for the Galore Creek mine.
Figure 6: Maudore Minerals has over 1 mm oz of high grade gold in Quebec
Figure 7: Virginia Energy has rights to portions of an almost 125 mm lb uranium deposit on south central Virginia, near the North Carolina line. Virginia has a moratorium forbidding uranium mining, which Virginia Energy seeks to reverse. We give Virginia Energy a patient hearing out of reverence for its director Ron Netolitsky, a legendary Canadian geologist who found the Eskay Creek mine in British Columbia, Brett Resources in Ontario, Golden Band Resources in Sasketchewan and other successes.
Figure 8: Sunward Resources has a very large, low grade copper-gold deposit in Colombia. It recently enjoyed a $50 mm investment from Electrum, a large shareholder in NovaGold, and Igor Levental of Electrum introduced them to us.
Figure 9: Example of Anglo Aluminum’s red bauxite ore from Guinea
Figure 10: Helio Resource’s gold sulphides occur in green and pink granites in Tanzania
Figure 11: Augen Resources has several gold properties in northern Ontario
Figure 12: Magellan Minerals has gold in quartz and sulphides in Brazil
Figure 13: Renaissance Gold was spun off after Fronteer Gold acquired AuEx Ventures. Newmont Mining is just completing the acquisition of Fronteer to control the 5.9+ mm oz “Long Canyon” gold discovery, which Renaissance no longer controls. Dr. Richard Bedell, the president and CEO, is pictured here. Most of its gold properties are in Nevada, Utah and Argentina. We have “lots of time” for the “next gig” of past successful geologists or teams.
Figure 14: Romios Gold copper-gold-silver ore virtually adjoining the Teck-NovaGold Galore Creek deposit in British Columbia. Tom Drivas is president both of Romios Gold and Appia Energy.
Figure 15: Appia Energy display to the left and Romios Gold display to the right with Tom Drivas, president of both, in the center. Appia Energy, a private company in which John Tumazos made a small investment, controls a large portion of the historic Elliott Lake, Ontario uranium district whose past production was 313 mm lbs of uranium with 94% to 95% recovery rates. Pele Resources, one of our speakers on March 30th, is the other company controlling a large portion of the Elliott Lake past producing district. Both of their ores appear to have 1 lb uranium and 3.0 to 3.5 lbs per tonne of 95% light and 5% heavy rare earth elements. Pele’s initial recovery tests suggest 94% to 94% uranium recoveries, 5% to 20% light REE recoveries and 64% heavy REE recoveries.
Figure 16: “Visible gold” from cores of “Lexam VG Gold” in Timmons, Ontario adjoining various current producing mines of Goldcorp in Timmins.
Figure 17: Circa Spring 1989 photo of Texas Rare Earth Resources’ “Round Top” deposit, where the drill roads used for portions of 82,000 feet of drilling had no grass and the bright green vegetation highlights the barren bulldozer drill cuts. Round Top’s 1.6+ billion metric tonnes is one of five local structures containing heavy rare earth minerals, light rare earth minerals, uranium, beryllium, niobium, tantalum and gallium, whose total sizes may aggregate over 3 and up to 5 billion metric tonnes. In its November 9th speaking and March 30th “Core Shack” appearances it generated great interest among CEO’s of other mining companies in particular. Texas Rare Earth leased the properties on October 5th from the Texas Bureau of Economic Geology, and is mid-way through re-assaying of the 1984-1988 82,000 foot drilling preserved from Cyprus Minerals and Cabot Corp. and plans its own 12,000 foot first program in coming months. |
Copyright © 2008 John Tumazos Very Independent Research,
LLC
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