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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bidder who wrote (23445)	11/2/2003 4:40:54 AM
From: E. Charters	Read Replies (1) \| Respond to of 39344

I don't tell stories because I believe they are sad. They are just true. you can't make this stuff up and if there wasn't a glimmer of hope of backing it up with at least someone confirming it, you would not dare put it on the net. I am not that much of a fool. I staked in Voisey Bay rush maybe 20 miles west of the deposit by hiring some newfies to map stake. Some 2000 claims. They were profiteering and mapped staked for as many people who paid the highest buck at the same time. (you cannot work for two masters) Our backing was chintzy and paid the price of getting no 3 land. Little work was done on it and nothing came of it. The contact or secret of VB's intrusion/deposition has never been found like Kidd Creek. No Noranda like Horne fault is a key to the nickel. No rim like Sudbury can be followed. The Tasiuyak Gneiss is high in nickel and sulfur and runs all the way to Ungava. 60,000 gossan zones can be seen from the air in the wild barrens of Labrador. Many of them contain nickel and copper, perhaps 5% of them have been well examined. It is obviously a rich land for heli remote spectral sensing. Troctolites are nearby the VB deposit, as are seds and leuco gabbros. You see Troctolites, or trout stone near a lot of gabbros all over Canada in Pt metal areas. It is not that rare a rock. But it is good to see if you are hunting Pt or nickel. The VB stuff is very near sea bed rocks. It is on the cusp of ophiolitic terrane. With the Tasiuyak gneiss and its high nickel and sulfur background I lean towards a hydrothermal origin, with gabbros being the heat engine of vents. Only Hutchinson's analysis of the Redstone in Timmins being between komatiite flows and the low temperature of pentlandite deposition backs me up. And there are those spherical blebs of sulphur with radial quench structures in Sudbury. There are gabbros down the north arm of newfoundland all the way to the SW tip of the Island. Mined out copper and nickel deposits are here and there. Most of the data is hidden in England, prior to Newfie becoming Canadian in 1950. I staked a 1000 claims in the area, but got told the gabbros were the wrong age by one geologist. So where did the copper mines come from up to 5% Cu? We got ripped off for that land. Not a single claim was paid. The Howe street backers sold the ground but I only got paid 17,000 for staking a total of 3000 claims for the syndicate. The newfie claims were never paid. (1000 claims staked on the ground for 20,000 dollars) In addition I got ripped off for 100 Pt claims in Ontario at the same time. Legal agreements on paper, and a straight rip. I will never again work for a group from Howe street. I control the cash and the job or they can go to hell. I have named them on the net in the past as shysters and got a lot of flack for it. I don't care. I found that others had put some of them on the net for not paying bills. One guy claimed that claims he paid my partner for, (not I) to the tune of 150,000 dollars he had bought off Newfie Jade prospectors. Good story. If I were going to rip someone off I would do it that way too. The 100 claims in Ontario they made the claim they did not find Pt on them so they were not paying for them. Guaranteed minerals. That is a nice out. The 1000 claims in Newfoundland just a straight rip. The claims in VB they sold and paid out a pittance. Arrogant rip off and they think they can get away with it. Well they did. But I put their names on SI and told the world. That had to hurt them a bit. EC<:-}

To: Michael Bidder who wrote (23445)	11/2/2003 5:19:54 AM
From: E. Charters	Respond to of 39344

Hell if I had all that cash I'd hire you to do a Bleg survey and cut you in on a percentage. Good business to reward people who do the work. 1. its a bad business 2. mineral companies are chintzy and hard to collect from. 3. they want accreditation to sign, for promotability you gotta be somebody This is now much worse with the 43-101 rules. Without engineer's status there is no work of any substantial nature. 4. there is very low margin on jobs. assessment work is cut to the bone. Even owning a drill is bad, unless there are 10,000 foot contracts at cost plus up your ying yang 5. companies do things in house to save money. They don't trust contractors. 6. not a lot of work going on in Ontario/Canada. I know many prospectors who have not worked in 2 years. Most work is offshore. Working there is expensive and dangerous.You have to set up shop there. Hard to get your money out. got to learn the country, and compete with low priced foreign help. Gotta make your own job. Find the claims, raise the money, mine it. That is what Wildcat is for. A job, really. If It pays me it can pay others too. EC<:-}