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Gold/Mining/Energy : BANDORE -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (1679)	3/25/2001 10:41:00 AM
From: E. Charters	Respond to of 1692

Things are getting exciting in Wawa. I staked there 5 years ago when the first float diamonds were found. No one was interested then, but later some companies, i.e. PVF and Canabrava went on long term area recon programs. Canabrava did not think much of my land in the volcanics which they were unlucky at finding anything in. They did find a largeish old diatreme of kimberlitic affinity in a nearby township, but this did not twig them to clusters, which I found passing strange. I found them difficult to deal with as they wanted to presume they knew were the good land was and would cherry pick my property. Later this area I was in was found to be straddling the Band Ore discovery which is actually the Terry Nicholson discovery which Kennecott sampled. It seems that Canabrava's strategy was to find good areas and indicators and then to sell out before drilling, hoping for a Diamet type deal. This is hoping a lot I think. I was unable with my company, Wildcat Resources to raise any money to further explore. This was due to the general feeling that this area was unproductive, or a longshot, like Kirkland Lake. Brokers who were unfamiliar with diamond shinola vs info dung, wanted the money in their plays, a-la Saskatchewan, or NWT dykes, and would not countenance competition. So they chased people away. I even knew one broker who graduated as a geologist, and said that the Superior shield was "outside the Craton" and "root keel destructive", therefore could not have any diamonds. I contemplated that such pseudo-authority could destroy the enthusiasm of many an investor who could not know snake oil blarney from pontiff encyclical. I guessed that the Superior Craton and North American Trough did not go to his geology school, or if it did, was not in possession of his high degree. I listened in dismay too while pseudo experts of glaciology propounded that the float diamonds "were of low quality" and "could have come from 1000's of miles away". Low quality will not in fact survive 1000's of miles of transport so they cannot have it both ways. Historically too, the average distance of float transportation in Canada is six miles not 1000. (Or rubble mountains over Wisconsin would be 6 miles high and there would be no float in Ontario at all. Float is spread from source evenly like peanut butter on bread so we can depend on average transportation and drop off rates.) The extreme figure, therefore, is a bad supposition to depend on. It is dubious technique indeed to try to deny evidence from the standpoint of its source being the most improbable (i.e. with our luck). This would be like looking for the probable killers of a victim in another country to start, just because they could come from there.! Occam's logical razor (deny at first any unecessary conclusion) demands we start with the most likely source. This is local. Diamonds being so rare that the quality of few is not of importance. Most diamonds are low quality. We are still looking for intelligent thoughtful investors who, seeing that our position was thought out and correct would opt for more of the same exploration technology as being most likely of success. I would point out here that the real discoverers of the Band Ore stuff were amateur prospectors who were unencumbered by exploration prejudice but also used good techniques that were careful and scientific. The professionals are for the most part so far, "not as lucky", shall we say. What is needed for a company to do justice to a good highly likely program in there is about a million dollars. This does not have to be all raised at once. But to get anywhere at all we need at least 250K to start. One should note that we are an equal opportunity company and will accept any brand of participant in fact. :) EC<:-} mailto:echarters@primus.ca