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


To: Wayne Campbell who wrote (51899)11/1/2007 12:40:56 PM
From: E. Charters  Read Replies (1) | Respond to of 78424
 
We had a great cook in a Geraldton field camp some 20 years ago or more. Steak and Kidney pie, Welsh Rarebit, etc.. 20 students and some other geos, some of the ex Sheridan crew were crawling the Paint Lake fault looking for possibilities. Wescap was the company. Adnan Kashoggi was on the board of directors. Hugh Coulson, who I think is long out of the mining business headed up the company. The cook's now deceased-husband's staking partner contributed some of the properties that fed Kodiak recently. He was touting the area way back then, as there was some primitive mines from the 30's in there that had flamed out early. We looked at the area last summer and could have taken the Knucklethumb but there was no money to manoeuver.

The Geraldton Beardmore Gold Camp is Canada's fifth largest gold area. Timmins and KL surpass it handily, at about 160 million ounces combined. As a greenstone belt it is very underexploited vis a vis base metal. It is partially connected to the Marshall Lake Copper stuff to the North. Noranda prowled the area for copper zinc for a few years. I found some areas with up to 15% lead and zinc in the rocks. It even has some substantial iron deposits. I forget the company that is touting one, perhaps the Kowkash thingie. Just the other side of the Lake is the Lac des Isles, the first Pt-Pd mine in North America of any size.

There is another gold belt even further north still with road access. It is really the same greenstone belt, just a few folds away. Never hammered sufficiently. Like the Uchi Lake belt the surface has just been scratched. No anomaly drilling like there was at Timmins in the 1960's. Just promo and few grab samples the odd trench. The most drilling in the north belt was done by one company Lacanna who drilled 20 holes and a company I was with drilled 14 holes, but the data was lost. That is it for 100 miles of greenstone. Brokers will never get involved with a start up there. They are into the feeding frenzy. Need a club upside the head to get them going.

EC<:-}