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


To: tyc:> who wrote (36092)3/16/2007 9:50:58 AM
From: heinz44  Read Replies (2) | Respond to of 78416
 
thats right.......60''s no maybe early 80's
Anyhow there were serious flaws re total ton/grade/and some other problem
Hunt dick are hitting 100%.. none of the huge deals they sold ever went into production?
Thats whats called ...eh call your friend....buy my stock....and in 6-9 month have your co take mine over @ a huge # and we make a killing...your goofy shholdrs wont find out for years down the road that it was a bad deal
Nice!!



To: tyc:> who wrote (36092)3/16/2007 10:15:46 AM
From: onepath  Respond to of 78416
 
This is the history as far as I can find..

Exploration History
Mt. Milligan Main deposit was discovered in 1987. Initial regional exploration work was carried out by Selco Inc. and BP Resources Canada Limited. Lincoln Resources carried out subsequent exploration work and discovered significant copper-gold mineralization in the Main deposit. Additional work by United Lincoln and Continental Gold Corp led to the discovery of Southern Star deposit in 1989. This work also identified low-grade porphyry gold and copper-gold mineralization in Goldmark and North Slope zones. Placer Dome Inc. purchased BP’s interest in the mineral claims, acquired Continental Gold in 1990, and completed a pre-feasibility study in 1991. The deposit was deemed uneconomical at metal prices of the early 1990s. In 2004 Placer Dome performed a 14-drill hole twinning program to obtain bulk metallurgical test-work samples that are representative of MBX Zone, 66 Zone and Southern Star ore-types. In 2005/2006, Placer Dome completed a pre-feasibility level study on the Mt Milligan project.



To: tyc:> who wrote (36092)3/16/2007 3:41:32 PM
From: Silver Super Bull  Read Replies (2) | Respond to of 78416
 
Tyke,

I think that the true market cap of TRX is considerably higher. My recollection is that Goldcorp owns a couple of hundred+ million preferred shares; my understanding is that these shares are reflected in the fully diluted shares outstanding number.

I may be wrong in my understanding, though.

SSB



To: tyc:> who wrote (36092)3/16/2007 7:11:56 PM
From: tyc:>  Read Replies (2) | Respond to of 78416
 
My original posting was incorrect. While the market cap of the common shares may well be as quoted, there exists some >200M convertible preferred shares issued in payment for the properties. So stock is not as cheap as my posting might have indicated.



To: tyc:> who wrote (36092)3/17/2007 5:02:23 PM
From: E. Charters  Read Replies (1) | Respond to of 78416
 
Infomine

infomine.com

Minfile

empr.gov.bc.ca

mineralsnorth.ca

New Company Website... formerly Atlas Cromwell.. see below..

terranemetals.com



Atlas Cromwell (shell company) reached an agreement April 19 to purchase certain former Placer Dome exploration properties from
Goldcorp

• Properties / Property Interests include:

Advanced Stage Projects:

– Mount Milligan Project (100%); Au-Cu porphyry
– Berg Project (51%); Cu-Mo-Ag prophyry
– Residual interests in Howards Pass Project; Zn-Pb sedex
Exploration Projects:
– Maze Lake Project (100%); Au shear related
– Option to earn 51% in certain exploration projects from Stealth
Minerals Ltd in Toodoggone; Au-Cu porphyry targets

• Right of First Offer on 3 additional Quebec and Ontario exploration
properties

• Atlas Cromwell is currently subject to a reverse takeover, and will
change its name to Terrane Metals Corp

• Mt Milligan will be “Flag-Ship” Property of Terrane Metals

Atlas Cromwell

infomine.com

A geological resource (no economic considerations) for the MBX and Southern Star zones is reported to total 1,153,135,000 tonnes grading 0.254 gram per tonne gold and 0.126 per cent copper (Mt. Milligan Project, Stage 1 Report, Volume 1 - Development Plan (Mine Development Review Process), April 1991, Placer Dome Inc., Table 3.4, page 3-12).

The Mount Milligan deposit has a measured and indicated resource of 445 million tonnes of ore grading 0.415 gram per tonne gold and 0.215 per cent copper. More than 70 per cent of the measured and indicated resource is considered as a mineable reserve which is economically viable to extract. Mount Milligan's reserve is 257 million tonnes of ore grading 0.510 gram per tonne gold and 0.240 per cent copper (Property File - Mt. Milligan Project, Economic Growth for B.C. & Shareholder Value for Placer Dome, 12/15/97).

There has been little work done on the property since 1991. A 1997 geological work program by Placer consisted of examination of 25 intervals of varying lengths in 11 separate drill holes in the MBX Zone. Twenty core specimens were collected for polished thin section examination and 26 samples were analyzed. Placer Dome Inc. re-visited the property in 2004, drilling a dozen HQ bore holes totaling about 2200 metres, in order to provide core for metallurgical testing. Placer Dome plans to complete a full feasibility study on the project in 2005.