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


To: LoneClone who wrote (39201)5/1/2007 11:05:25 AM
From: LoneClone  Read Replies (1) | Respond to of 78421
 
Valencia Intersects High Grade Silver Mineralization in Northern Extension of the Cachinal Project
Tuesday May 1, 7:45 am ET

biz.yahoo.com



To: LoneClone who wrote (39201)5/1/2007 11:13:58 AM
From: E. Charters  Respond to of 78421
 
I used to work at Croinor for Onaping Resources. Underground. Sampled the mile long vein in 1980. 10 drills on that under Harbinson. Later there was more drilling, they found a 0.30 ounces resource to the 1200 foot level, I believe, and later still there was a surface bulk sample taken that ran to 0.90. I know a lot about the gold in that area, which has been explored since 1930 by Falco and others. I staked in there in the 90's as well.

SUD-M has effed around with it for a coupla years. I am not sure they have the money or know exactly what they want to do.

Harbinson never could get it going because he could not get mill money in the 70's and 80's. Familiar story. No mining expertise and no JV partners with a reasonable story.

I can't figure out SUD-M, as to whether they are real or just dicking with it. If they want to pump and sell, they will wait a while.

Jim Norrie discovered it by sinking a shaft to 500 feet when three drills came up with 0.10 oz/ton, and surface samples hit 0.01 opt. Believe it or not. They never did find high grade there on the surface in the old days, just worked on a bet. Norrie died in the shaft on a plugger at the bottom in the 50's. Heart attack.

When the drills where turning I noticed some sheared ground with qtz and good alteration and mentioned it to the head honcho. They went over and sampled it and it turned out to be a new zone. That became the ramp zone of 0.30. No, no credit.

The full name of the mine is the Croinor Pershing. It had a 500 foot shaft on it and a mile of drifting on the main zone since 1955. The quartz vein which does not express itself well until at depth, is the longest continuously mineralized ore grade quartz vein ever found in the world.

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