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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (112107)	4/18/2008 11:27:41 PM
From: sageyrain	Read Replies (1) \| Respond to of 312982

uuuuuugly. oooops.

To: Rocket Red who wrote (112107)	4/19/2008 10:31:05 AM
From: E. Charters	Read Replies (1) \| Respond to of 312982

That wasn't stealing. That was an enlightened social conscience at work. It was evident that those fat cat companies would do nothing for the poor of Ecuador. They were ignoring their concessions and refusing to work them while promoting news on that bastard TSXV, which is just a bunch of crooks. Hooray for the forward thinking legislators of Ecuador! Long live Chairman Mao! Power to the people! ********************************* The first announcement I did on Aurelian. April 5th 2006 These people have won the drill hole sweepstakes, so who cares if they are in Ekwadore or some backwater like that? 600 feet of 4 grams gold per tonne is a lot of gold no matter where you are. That overcomes a lot of LA evils, which we take for granted are palpable. Normally what we hear about Ecuador is that it is a banana republic in operation only. They change government like we wish our upwind friends changed underwear. Is this another Bre-X only with the gold not without? Stay tuned. To tune in properly use BBC short wave and Brazilian beer. It will get you into the mood of tense excitement to swill the local rotgut whilst hunkering over a radio deciphering the late breaking news announcements crackling out of this landlocked plutocracy. Turn off the AC and sit on a wooden chair under a a ceiling fan to complete the atmosphere. Will the Ecuadorians "buy into" Aurelian, delay permits, cause land disputes, and/or accept legitimate bribes? Will the resource expand like Topsy? Will the stock stratosphere? All these questions and more will be answered in the fullness of time. Place your bets and start your engines. Note it is a "blind" deposit. No expression on the surface, I take it. From overburden or rock capping? hmmmmmmm... To curb the enthusiasm appropriately we also note that out of 6 holes only two intercepted the wide structure. They others hit 2 metres of this and 2 metres of that. What does this mean? It means that so far all we have is 90 metres of a blow out. That is still considerable. A foot ball field of ore, and its maybe 400 feet wide. But is it cut off? Also we see that the values are in small zones within the larger at high grades. This may be hard to spread in other intersections as the high grade is invariably variable. How spread is the intersection? Well not badly. Only 5 metres of the "includings" contribute almost 1/2 the 4 grams. including 211.35 212.35 1.00 52.4 26.2 --------------------------------------------------------------------- including 221.30 222.10 0.80 31.0 24.5 --------------------------------------------------------------------- including 234.90 235.90 1.00 80.3 25.6 --------------------------------------------------------------------- including 303.70 305.15 1.45 175.0 40.0 -------------------------------------------------------------------- including 317.10 317.80 0.70 51.4 20.9 --------------------------------------------------------------------- including 370.00 371.00 1.00 35.3 27.1 From the above we can see almost 424 grams from 5.95 metres. Almost 2 grams/T when you take it over 237 metres. The other 2 grams/T are contributed by wide-spread mineralization In the next good hole it is reported as 3.42 grams over 60 metres. Not bad for two holes we have an average width of 104 metres at a weighted grade of 3.88 g/T. That is almost 3.7 million short tons of 3.88 grams or 465,000 ounces. Not proven at all, but inferred broadly. -- ed... *********************************** From 2006: Aurelian, having fallen off stratospheric heights of a month or so ago, and after a long drilling news hiatus "aureliates" with a detailed announcement and some of their fabulous high grade. Political events in Ecuador, typical of grass roots resentment of foreign interest have shaken up Ecuador explorers to an extent. This does not affect Aurelian to a great extent, but as usual again, a weather eye has to be peeled at any developments in that area. Aurelian herein defines more of the geological environment which investors are trying to discern to speculate on the growth potential of this exceedingly wide and rich resources. 260 metres of 6.59 grams of cut gold is a massive tons and ounce builder. This one holes presumed at least at a 30 metre spacing from any other hole, would indicate (426 X 426 X 100)/12 = 1.5 million tons, or 289,000 ounces Troy per short ton. It does not take a genius to see that not many holes of this ilk make a cheap mine, underground or open pit. That is 5.7 million ounces in 20 holes on a 700 metre strike length. I would say they have that. Speculation is that is might go to 15 million ounces, which while hard to safely project, is not out of the realm of the possible. That would make it one of the largest and possibly cheapest mines in South America, ranking with Arequipa and Yanacocha in Peru. Indeed Aurelian is in a similar formation of sandstones that traverse that bordering country. This has made for a bit of a gold rush on the Peruvian side as well. -- ed ... From 2007 "I think both Ecuador and Peru are a crap shoot. There is Greed in "them thar hills"!" venaresources.com ************************************* # There is a low key rush on the Peru-Ecuador border on the extension of the famous Corriente copper belt. It has lots of gold too. i.e. Aurelian, Goldmarca.. Maybe 450 miles long as it goes along the sandstones of Peru and Ecuador in a belt described by Montoya in 1995 in the Engineering and Mining journal. The associated volcanics, the Calipuy of Gitennes fame and others as well go thru here and are the part of the Chimu formation. "Within the last several years, Peru has experienced a remarkable resurgence in property acquisition and mineral exploration driven by more favorable political and economic conditions. The principal focus has been on gold. Many types of bedrock gold deposits are found within Peru, including acid-sulphate and adularia-sericite type vein and bulk-mineable deposits, systems, and the long- worked gold-bearing veins of Paleozoic and Mesozoic age." "Gold-bearing porphyry copper-Uranium "Work by Noble, Montoya et al (E&MJ, June, 1995, 34-41) has proposed that sandstone-hosted deposits share similarities with Carlin-type gold deposits. " One such analogous feature is that they are commonly found along hinges of anticlines. These deposits are located in the Cajabampa - Huamachuco - " (ed's note. town near Gitennes find in the 90's) "Angasmarca region of north-central Peru and are hosted in the Chimu Formation, the lower-most unit in the Goyllarisquiza Group of Early Cretaceous age." "Conchaturio, in southern Peru about 430 km southeast of Lima. A recent discovery by Queenstake Resources in northern end of a belt of calcareous Mesozoic sediments intruded by Tertiary granites, in which the Tintaya Cu-skarn is developed. Values as high as 151 g/t reported; out of 200 samples 13 had better than 1 g/t Au, 4 had better than 3 g/t Au and 3 had in excess of 31 g/t Au. (NM 05/26/97). "El Misti Gold reports a find similar to Minahausa or Mesel, Sulawesi in karst-hosted auriferous jasperoids at Santa Rosa, Peru (?)." ********************************** The famous CDN geo, Joubin, who was involved in the Elliot Lake uranium discoveries and worked for the UN for years, used to say there was a copper mine on every mountain top in Peru, but it was worth your life to back in the hills. Hard to get money for Peru since the new socialist PM who once bankrupted the country is back in. In fairness to him, he was in tight circumstances, in that Peru has 40% of its GDP in mining, and metal prices at the time were low in combination with sky high interest rates. He talks well, but... Better at least than Chavez and the Bolivian prexy. His socialismo technique is perhaps to placate natives who were bad bad bad for decades. Tambo Grande (Peru)was shut down by restless natives and socialismo agitators who mistated the case they averred against Manhattan. Manhattan was not that badand actor, and the farmers plight was based on salination from bad irrigation practices that had persisted for decades. So it was just a cash grab that failed, with every peon thinking mining has oodles of cash to bribe them. Manhattan wanted to move a village, which would have got everybody a good deal. It just shows that a shoot-in-the-foot mentality is easily tipped by outside agitators with a hidden political agenda. -- ed ... ****************************************************