Hi Virginijus,
CYJs property is right next to and surrounding Brush Creek Minerals property in the Alleghany Mining District of Sierra County,Cal.Brush Creek BCMD/NASDAQ has exploded from 6c in January to hit a high of $1.50 on 10s of millions of shares on results from their property.
BCMD has 45 million shares and trades at $1.00 for a $45 million market cap compared to CYJs $7 million market cap.I've heard that CYJs property could be the best target for finding a multi-million oz deposit in that district.
Since the first discovery of gold in California back in 1849,the Mother Lode gold belt which extends north-south over 200 miles has produced over 100,000,000 ounces of gold.A recent survey by the Division of Geology of California,indicates that only 10% of the gold in the Mother Lode Gold System has been produced todate. In the Alleghany, Downieville and Grass Valley Mining Districts(where CYJ is)the richest and most productive portion of the Mother Lode a 35 mile strike lenth has produced a phenominal 35,000,000 ounces of gold from both placer and lode gold deposits. The deepest mines, include the Empire, Idaho Maryland and the 16 to 1, are 11,000 feet, 4,500 feet and 3,600 feet, respectively. These gold mines were still in ore in the bottem levels.
The Mother Lode System belongs to a class of ore deposits, known as Bonanza-Mesothermal shear veins. The term Bonanza refers to the extremely rich tenor of the ore, whereas Mesothermal is a term that refers to the depth of formation and structural setting of the deposits.The North Fork and Mugwump are unique in that both are quartz and gravel mining operations. The gold occurring in ancient river stream beds and in the solid rock below the ancient river stream beds.
Both the North Fork and Mugwump Mines have had excellent past gold production. Twelve large Historic nuggets were found ranging from 30 to 170 ounces in 1854-1862.
If you can get a copy of the June 1,1997 edition of the Sacramento Bee, the final edition.It has a very positive article about the area in which CYJ has their properties.
I hope this helped you a little.Oh,ECHARTERS said this company was a bucket shop..lol....You're great with words CHARTERS,I knew you had it in you.
GOLDIGER. |
