Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: jackjc who wrote (20041)	9/4/2006 1:57:29 PM
From: loantech	Read Replies (1) \| Respond to of 78408

<In fact actual mining does not seem to hold a candle to drill plays 90% of the time. Though I have bet 90% the other way.> Here's to MMGG and WGDF and GGN and POM, and RMKL becoming mines again.

To: jackjc who wrote (20041)	9/4/2006 2:03:19 PM
From: E. Charters	Read Replies (1) \| Respond to of 78408

Mining if you do it right earns money 100 to one on drill plays. All drill plays do is drive stock and not with any certainty 95% of the time. Some say small mining does not earn money. I know of a few cases where it did. Personnel from RMKL ran a small mine on the Norbeau and made money in the early 80's. We took an option on that mine. Ed Ludwig of Timmins ran a small mine in Emo Ontario, at high grades and made a bit of money. Simple mile, few tons per day. Basically RMKL is a small mine. Their moly op will cost them about 4 million. Trouble is with small mines is not the capex equation but raising it, as most do not see grade=profit and most of the time cannot calc it so back out. You need to know mining to see it. I see the ore dump thing as the best mine. Not exciting? Well exciting if you see how easy it is to do compared to an underground op. There were many many small mines in BC that went from year to year. I knew one in New Denver, B.C. that ran steady in the 80's in silver. The Silver Dollar in BC ran by John Mcgoran of Wellgreen fame and Fleck resources made 2 million dollars. McGoran threw the money into chasing ni-cu and for years stayed in the drilling racket. Say what you will about the 16 to One in California. But they are still operating after ten years. Can't be that foolish. At 600 plus gold, small mining makes a lot more sense than it did in the 90's. Best small mine I can think of is the Magnet. For perhaps 6 million we can produce 120 ounces day. Small is beautiful. EC<:-}

To: jackjc who wrote (20041)	9/6/2006 4:32:01 PM
From: siempre33	Read Replies (1) \| Respond to of 78408

Roxmark Mines gets permits for molybdenum sampling 2006-09-06 13:59 ET - News Release Mr. Monir Younan reports ROXMARK OBTAINS ALL NECESSARY PERMITS FOR 2006 MOLYBDENUM BULK SAMPLING AND MILLING Ontario regulatory authorities have granted all necessary permits for surface bulk sampling of 3,000 tons of molybdenum at the Nortoba-Tyson property and for milling the moly ore at Roxmark Mines Ltd.'s Northern Empire mill near Beardmore, Ont. The 200-ton-per-day mill complex is now fully permitted to process molybdenum and gold ores from Roxmark properties and will be selectively available for custom milling projects. As previously announced, removal of overburden and waste rock began at Nortoba-Tyson in mid-August. With a mining permit now in place, Lakeside Manitouwadge Ltd., an independent mining contractor, has begun extracting the surface bulk sample. Ore will be delivered to the upgraded mill within the next few weeks. Concentrate produced, beginning in early October, will be delivered to port of Montreal, Que., for shipment under contract to an international buyer. Following up on last year's large-diameter diamond drilling program, which indicated a significantly larger mineral occurrence than previously estimated, the 2006 program is designed to further delineate molybdenum mineralization leading to underground workings, and to generate cash flow. Construction of a portal leading to underground development by a way of decline is planned following the completion of the surface bulk sample. Digitization of recent and historic data on Roxmark's gold properties, including 3-D modelling of key areas, is continuing under the supervision and direction of SRK Consulting Engineers and Scientists (Canada) Inc. Interim results from the program, expected within the next few weeks, will identify and prioritize targets for further drilling and development in 2007. Scoping studies on these areas will set the stage for early development on parallel zones and at depth, leading to production. Currently, work is being carried out on the Leitch-Sand River gold, Northern Empire and Magnet gold mines. Roxmark's gold holdings are located in the Geraldton-Beardmore gold camp which ranked among the top five producing areas in Canada, producing 4.1 million ounces. Roxmark has consolidated key properties in the camp thus eliminating previous boundary and other issues and maximizing effective use of infrastructure. Current holdings consist of six former producers including Leitch-Sand River gold, Northern Empire and the Magnet mines which collectively have produced 1.89 million ounces of gold. The Leitch mine was one of Ontario's highest grade and most profitable gold mines, producing 860,648 ounces from 906,395 tons of ore at an average recovered grade of 0.91 ounce per ton Au before it was closed in the 1960s. The Northern Empire property produced 149,053 ounces of gold from 425,866 tons with a recovery of 0.35 ounce per ton. The Magnet mine is located in Geraldton area and had historical production of 152,000 ounces of gold from 360,000 tons milled for an average grade of 0.42 ounce in gold per ton. "We are encouraged by what we see on both the gold and moly fronts," said Monir Younan, president. "Our major focus is on mining gold. However with our mill able to process both metals and with prices for moly continuing to firm up on world markets as demand continues to outpace supply, it makes great sense for us to pursue low-cost production of what we believe to be high-grade molybdenum occurrences."