2 billion in gold

[harveykeefer]

this started about 4 years ago, a buddy and i were talking at a high school football game. i don't know how gold came up, but it did. in the conversation he told me about his fathers jointly owned property. old gold country that no one mined since the 49ers. he told me about it for years. he told me how a japanese mining company came out and offered 15 percent to them if they let them mine gold on there 5000 acres. well time passed and we were at another game, this time baseball. i told him about the new detector i just purchased. he told me we need to go out to his dads place. well i just had an injury and had to have a new acl put in my knee. i was on the first two weeks of my rehab when my buddy called me and said we need to get out there right now. the japanese mining company came back out and offered 25 percent. they say 2 billion in gold is down there. they drilled the holes and had the reports to back it. i went out there and met with my buddys dad, they like the fact of the gold being on there land but they don't trust the japanese mining company. i have a friend who has been a professional miner for over 30 years. my buddy's dad and partners are going to let us mine the land. we start in october. there are a lot of other details that i would love to share with you but i can't at this time. i'll let you know how this goes no matter if it is a bonanza or a bust. take care, harvey

[grubstake]

Havey, sounds kind of like what took place out at Fremonts old Pinetree Mine, in the 90's a Canadian company came in and drilled, they hit alot of gold, the plan was to open pit the mine, truck the ore to Nevada and have it refind, Mariposa County wouldn't issue permits, because they said HWY. 49 wouldn't take the truck traffic, the mining company offered to widen the road and made all kinds of other promise's, but the state and county would not budge on the deal, the property still sit, the way it was back in the eary 90's, its up for sale. But they will never get the price there asking for it. Grubstake

[harveykeefer]

Havey, sounds kind of like what took place out at Fremonts old Pinetree Mine, in the 90's a Canadian company came in and drilled, they hit alot of gold, the plan was to open pit the mine, truck the ore to Nevada and have it refind, Mariposa County wouldn't issue permits, because they said HWY. 49 wouldn't take the truck traffic, the mining company offered to widen the road and made all kinds of other promise's, but the state and county would not budge on the deal, the property still sit, the way it was back in the eary 90's, its up for sale. But they will never get the price there asking for it. Grubstake

Grubstake, thanks for the response. i know that there are a lot of thing that could go wrong so we are going to make this as small as we can. i think we can do it. even if we have to delay mining for a while till thing cool off. we are not going to open pit. i just hope i catch a break on this one.

[grubstake]

Good luck in gold venture, I hope it all works out and you can do the mining. Permits are hard to get even for a small operation, Blm is bad enough, but when you have to deal with the county and state, it can be a nightmare. Grubstake

[Dutchman]

I wouldn't enter into a partnership as a land owner, with a venture capitalist, without first having a big chunk of the venture capitalist money in my pocket up front. When your share is only a percentage of the end product, it could take years to get paid. Remember 25% of nothing is still nothing. Also don't take shares of the venture company as your compensation. Meen while the venture capitalist may be tearing up your ground and etc.. without paying you a dime. Sometimes these kinda deals have a way of using your wallet instead of the investors wallet.

Just be careful. I would ask some tough questions first. Like how much money does this company have in REAL assets (CASH)? How can they even know or estimate the amount of gold in the ground by a simple core sample?

And remember, What sounds to good to be true, probably isn't.

[wyndham]

What Dutchman said and remember that Hollywood does this kinda deal all the time. A % of the profits never seems to happen. James Garner never made any profits off of the Maverick series. Stay low and quiet, you can only sleep in one bed at a time. Good luck. Wyndham

[GeneYo]

I've investigated something similar for a period of time and this sounds questionable with a lot of unanswered questions.

Typically a mining company doesn't offer 25% as I've never heard of this before. They want to own the land and possibly give you some level of a royalty like 5% in the mineral rights. Most serious mining companies will not enter into an agreement such as this without complete land ownership and that's been one of the problems with US Mining Companies. They are very concerned about the green legislation that has been rammed through congress over the past 10+ years and cannot invest $20 million to develop a mine then have the next elected official shut them down or something gets passed through legislation that ultimately kills their operation.

The million dollar question is those core samples.

1. How deep?

2. How many core samples?

3. How much gold per ton or cubic yard?

4. What type of gold ore(s)?

The ore(s) type can also be a killer. Many of these ores lend themselves to cyanide leaching which means transporting the product to a mill site. The equation of mine has always been: Will the ore pay for its way to the mill site and the processing?

If you have 1/4 or 1/8 oz ton then it would need a flotation process to concentrate before transporting.

Even if you find free milling gold on the surface don't let that fool you. Most mines will turn into an Ore after you've gone into them by 20 to 60 feet.

[whats4supper]

You know, it takes a gold mine to develop a gold mine.

The main problem here is the anti-mining protocol that exists in nearly every western US state, if not the entire USA. obstructionists like the sierra club, nature's conservancy, us forest service, blm, and other fed agencies infiltrated by tree huggers that get the word out about someone wanting to destroy the forest, pile mine waste in some valley, affect water sources, dirt and carbons into the air, metal particulates, and relocation of homes or towns in the way of mining progress, among myriad others.

Like stopping the dredgers (which, by the way, improve spawning grounds). One can look at the mining past, and any venture that was in the learning process, made mistakes, or did what was allowed, created other problems. Any mistake, for lack of better technology at the time, is placed as a light filter into a big spotlight and shines into the air for all to see, nevermind that the problem was 100 years ago and not today. Cyanide, the nazi kill ingredient, spurns all the buzz about wildlife, yet for the ignorant greens, to produce poisonous gas, the ingredients have to be mixed with acids; certainly not the alkaline compounds to leach out gold. What I am really saying here is that government affairs are mostly run by an ignorant lobby, and even if permits are granted, ignorant environmentalists readily step in to incite the ignorant masses to squash whatever hope there ever was at getting such projects off the ground (eerr- into the ground).

So now, you'll have to have an environmental study, series of public lectures and oversight, multi-governmental agency reviews, changes, detours, mitigation, epa studies, licensing, county state and township reviews of the project, road improvements, air quality studies, health district reviews, local and state legislation, and myriad more garbage PAID FOR UP FRONT, even before or IF, the project is given a green light. No matter what good your project may bring, myriad of the ignOraNt crowd will badmouth and tilt the project all the way through, from inception to after the final shovel.

Mining in Colorado, California, Montana, and other places didn't stop for lack of ore. Rather, it stopped over fish and wildlife. Case in point- between Silverton & Ouray were a group of mines- Idarado, which started in Telluride and punched through the mountain. mine runoff from water seepage into sulphide ore creates acid water. Idarado has a lot of mine water runoff. The purpose of the shutdwon was to clean up the mine water, allowing fish to regenerate into the rivers and creeks of that area; yet someone overlooked the fact that historically, NO FISH were ever in those waters, even before mining ever occurred anywhere, according to UTE legends. The mines were closed over an incovenient 'truth'.

Your best bet would be to bring in the Canadians. They are about as tenacious in mining as it can ever get. They'll wade through all the quagmire if the project is truly worth the effort. They have been through all of this before. They have the staff, lawyers, and specialists that will get the project going. They also have investors and the ability to front the money needed. That also know how to abate the ignorant as well.

[Rick55]

this started about 4 years ago, a buddy and i were talking at a high school football game. i don't know how gold came up, but it did. in the conversation he told me about his fathers jointly owned property. old gold country that no one mined since the 49ers. he told me about it for years. he told me how a japanese mining company came out and offered 15 percent to them if they let them mine gold on there 5000 acres. well time passed and we were at another game, this time baseball. i told him about the new detector i just purchased. he told me we need to go out to his dads place. well i just had an injury and had to have a new acl put in my knee. i was on the first two weeks of my rehab when my buddy called me and said we need to get out there right now. the japanese mining company came back out and offered 25 percent. they say 2 billion in gold is down there. they drilled the holes and had the reports to back it. i went out there and met with my buddys dad, they like the fact of the gold being on there land but they don't trust the japanese mining company. i have a friend who has been a professional miner for over 30 years. my buddy's dad and partners are going to let us mine the land. we start in october. there are a lot of other details that i would love to share with you but i can't at this time. i'll let you know how this goes no matter if it is a bonanza or a bust. take care, harvey

I need a pair of waders and a large shovel to dig my way out of this heavy BS!!!