NW Yukon--Like most others here I've lost quite a bit with my bet on La Juliana. I have not sold my shares, was wondering what to do, and did some research today on Yukon and on Jim McFaull, the geologist who is convinced he has found the motherlode.
We all know this article published by Whitehorse Star February 4, 2005, I think it is worth pointing out this excerpt:
north-land.com
"During his 14-year tenure with UKHM (United Keno Hill Explorations), the talented young geologist set what must have been a record before celebrating his 35th birthday. Statistics indicate that only one in every 50,000 prospects makes a mine. He found seven; all went to production."
Here is an interview with McFaull and some intersting excerpts:
tinyurl.com
"...you yourself have been searching for the motherlode and I should hasten to add and you and every other geologist,
prospector and miner that’s ever stumbled across the territory, but you’re actually quite confident, are you?”
McFall: “Yes I am. I have a very long background on this target. I’ve been at it for 25 years"
"....1990 they (UKHM) shut the office down...so in the end I
was forced to do it on my own and that cost me a lot.”
Thomson: “How much?”
McFall: “Every dollar I had. Every dollar I earned. Every dollar I inherited. I’ve probably gone through my own bank account $250,000 plus I threw away my career for
15 years and that cost me a million bucks in wages."
"Thomson: “What makes you so certain? How candid can you be with us?”
McFall: “Well, that’s a tricky one because we’re trying to keep the actual target model proprietary for a little longer. We’ll let it out eventually but we’re still working on picking up claims up there and we don’t want to spill the beans too early.”
"I’m confident in that I’ve done an enormous
amount of research on this over many years and out of all that research this fits what I conceive to be sort of the ideal target, the ultimate theoretical target that I thought it
should look like from way back when. This has all the attributes and because it’s a place that has a lot of work done on it by other people previously and that work is now
available through the government, I’ve been able to see what was done there and there is a lot of information that actually physically supports my model so it’s not just a theoretical target anymore. It’s got geological, geo-chemical and geo-physical confirmation of that"
"you wouldn’t believe the amount of information I had to compile to do this. I did about 4 years of going through every single state or provincial or university archives from airbanks all the way to San Francisco and I found stuff on that area all the way down to San Francisco, Seattle, Tacoma, some good stuff actually right here in the territorial archive. I spent 6 months going through all the stuff on the Klondike that they’ve got up there. There’s about 1400 listings in our archives and I went through every single piece just to see what it was and I found one book that they had in there that had a very key piece of information geologically. That one really lit me up and that book was published in 1899..."
Background and history of Klondike Gold Rush:
questconnect.org
lib.washington.edu
Anyway, as far as I'm concerned I'll be holding. If I sell now I'll get peanuts, if this guy's lifelong work bares fruit, I'll get my money back and more. Best of luck to all. |
