Globex Mining- Startschuss ??? (Seite 1446)

[WilliamTell]

Antwort auf Beitrag Nr.: 42.987.102 von WilliamTell am 02.04.12 07:25:57

Hatte auf den ersten Blick nicht gesehen, dass die News noch mehr enthalten. Jetzt ist alles klar....es sind die Globex-Claims. Zusätzlich hat Adventure Gold an Globex die Realore Claims 50 km östlich von Val d'Or abgetreten.

Gruss William

La propriété Massicotte

Avec la nouvelle acquisition, la Propriété, détenue à 100% par la Société, est maintenant constituée de 72 claims couvrant une superficie totale de 3 370 hectares. Elle est située à environ 130 kilomètres au nord de la ville de La Sarre au Québec. Elle est accessible en utilisant des chemins forestiers de gravier et d'hiver. Au moins deux zones de déformation aurifères importantes traversent la propriété sur plus de 6 kilomètres soient les structures Massicotte et Lower Detour - Grasset. La compilation des travaux d'exploration historiques a permis d'identifier la présence d'anomalies significatives en or dans le till de base (sédiments glaciaires) intersectées suite à des travaux de forages à circulation inverse (voir la Figure 2). En 1988, 14 forages ont été effectués sur et ou tout près de la bordure ouest de la Propriété, dont 7 de ces forages ont rapporté des valeurs positives en or titrant de 0,5 g/t Au à 5,2 g/t Au. Nous vous invitons à consulter notre site internet au www.adventure-gold.com pour plus de détails au sujet de la propriété Massicotte.

Les Figures 1 et 2 sont également disponibles au :

http://www.adventure-gold.com/common/documents/Detour_autres…

http://www.adventure-gold.com/common/documents/Massicotte_au…

Les ententes

En vertu des termes de la première entente, la Société a acquis un intérêt de 100% dans 45 claims de la société Entreprises minières Globex Inc. ("Globex") en effectuant un paiement de 25 000$ comptant et en lui accordant une redevance de 2,5% des revenus totaux d'affinage (GSR) sur les claims. La Société pourra, en tout temps, racheter 1,5% de cette redevance pour la somme de 1,5 million de dollar. De plus, la Société a accepté de transférer 100% de ses intérêts dans la propriété Realore (11 claims) située à environ 50 kilomètres à l'est de Val-D'Or à Globex. La Société retiendra 2% GSR dans les claims de Realore et Globex pourra, en tout temps, racheter 1% de la redevance en effectuant un paiement de 500 000$ comptant. En vertu des termes de la deuxième entente, la Société a acquis de prospecteurs indépendants un intérêt de 100% sur 21 claims en effectuant un paiement de 4 500$ comptant.

M. Jules Riopel, géo., vice-président exploration et acquisitions chez Adventure Gold inc. est la personne qualifiée pour la Société selon le Règlement 43-101. Il a vérifié les informations scientifiques et techniques de ce communiqué de presse.

[WilliamTell]

Antwort auf Beitrag Nr.: 42.985.317 von muenchenguru am 01.04.12 09:41:09

War aber auch fleissig, unser guru.....zudem ist Nachtschicht und Sonntagsarbeit laut Gewerkschaften mit Lohnzuschlägen zu entschädigen....

Habe im AIF noch gesehen, dass das Projekt Detour-East veroptioniert sein soll und mich mal umgeschaut, wer der Optionsnehmer sein könnte. Dabei bin ich Auf Adventure Gold gestossen, die ein Projekt namens Detour Lake haben und etwas weiter südöstlich ein weiteres Projekt namens Massicotte.

Unser Detour-East liegt in Massicotte Twp und da wäre es naheliegend, dass dies in etwa hinhauen könnte. Detour-Est wurde durch Globex im letzten Jahr flächenmässig noch von 1028 auf 1829 ha ausgeweitet.

Wenn ich dann mal alle meine offenen Fragen zusammen habe, dann werde ich ein Mail an Jack starten um ihn zu fragen, was dies für ein Deal sei und warum er noch nicht kommuniziert ist.

Hier kürzliche News von Adventure Gold, welche zu Detour-East passen könnte.

Adventure Gold acquiert de nouveaux claims le long du segment aurifère Detour en Abitibi au Québec

By: Adventure Gold Inc. via Marketwire

MONTREAL, QUEBEC--(Marketwire - 13 mars 2012) - Adventure Gold Inc. (TSX CROISSANCE:AGE) (la "Société") a le plaisir d'annoncer la signature de deux ententes pour l'acquisition de 100% des droits dans 66 titres miniers adjacents à sa propriété Massicotte (la "Propriété"), située le long du segment aurifère Detour. La Propriété (voir les figure 1 et 2 disponibles sur le site internet de la Société) est localisée à 15 kilomètres à l'est-sud-est du projet minier de Detour Lake dont les réserves prouvées et probables se chiffrent à 15,6 millions d'onces d'or, incluent dans des ressources globales mesurées et indiquées de 23,3 millions d'onces et d'une ressource inférée de 5,8 millions d'onces - Detour Gold Corporation, communiqué de presse daté du 25 janvier 2012). La Société planifie déjà de réaliser un levé géophysique sur la propriété Massicotte, lequel devrait débuter prochainement.

"Depuis 2008, suivant une compilation géologique exhaustive, la Société a acquis plusieurs propriétés stratégiques à faible coût le long du segment aurifère Detour. La propriété Massicotte nous semble très favorable à de nouvelles découvertes aurifères tel qu'indiqué par la présence de plusieurs anomalies significatives en or dans les sédiments glaciaires non-testées et des résultats positifs de forages historiques de chaque côté de la propriété." mentionne Marco Gagnon, Président et chef de la direction d'Adventure Gold Inc.


Gruss William

[saltamonte]

thx guru - bestätigt wieder einmal, dass das mining business ein hochriskantes pflaster ist und selbst standardisierte ressourcenschätzungen mit vorsicht zu geniessen sind.

mittelfristig/langfristig spricht demnach vieles für einen steigenden goldpreis. die goldproduktion 83moz p.a wird nur mit 20-30moz neuentdeckten deposits ersetzt (d.h.wirtschaftlich interessant bei aktuellen preisen) und die kosten des abbaus steigen rasch an. solange sich die globale verschuldungsspirale/gelddruckmaschine dreht wird wohl die "verhasste" diametral entgegengesetzte orientierungsgrösse sein spiegelbild zeigen.

back to gmx:
der nyrstar zinkpreis chart des soeben abgelaufenen quartals war ca. 2monate im gmx relavanten grünen bereich
18.1-14.2
21.2-28.3

[muenchenguru]

ein super super Artikel, der die Hintergründe des Minenmarktes beschreibt.
Brent Cook agiert schon seit langem als Kulturvermittler zw. dem Minenmarkt u. den Nicht-Insider-Investoren (Retail).
Er ist zudem Geologe, auch nicht verkehrt in der platten Analystenwelt.

Er ist traditionell positiv ggü. dem Geschäftsmodell Prospect Generating eingestellt, ähnlich dem Kollegen Mikey Fulp, auch er ein Geologe.

Sowas gibt´s bisher immer nur auf Englisch, sorry für Leute die sich damit schwer tun.

TGR: You were recently at the annual Prospectors & Developers Association of Canada mining conference in Toronto. More than 600 companies had booths at that event. What are some trends you noticed?

BC: Companies are starting to recognize that it's not so much about size as quality of mineral deposits. Grade, or more succinctly margin, is getting more and more important. There are a lot of very large, low-grade deposits out there, and the majors aren't buying these. That's a real issue and you have to question why. If the majors don't buy them, these junior companies with these large, low-grade, low-margin deposits are then doomed to build. I think it's going to be tough to raise the money, or at least the debt portion, to do that. So I think one trend is toward smaller, higher grade, higher margin deposits.

There are still people out there trying to raise money on new deals, new projects as they move from one busted company to the next one. Unfortunately, for companies with average properties, the music has stopped and they are facing terrible share dilution to fund the exploration on their average projects. As I said earlier, average ain't going to cut it this year.

There is also a severe shortage of technically qualified people—resource estimators, mining engineers, geologists—to do the work. Company presidents and VPs of exploration are in strong demand. Because there is more work than qualified people, I'm seeing a lot of sloppy preliminary economic analysis (PEAs) and resource reports. That's a serious and financially dangerous trend. You can no longer blindly rely on a company's scoping study or its PEA. You need to look at the details. I could tell you some pretty scary stories in this regard.

TGR: What are some of the sloppy things that you're noticing?

BC: In resource estimates, there is a tendency toward plugging it all into a computer and generating a model without going through the time and detail it takes to fit the model to the geology and structural controls. So grade is being put out into an area of the deposit where there isn't actually that grade. If these mines eventually go into production or they get down to the very detailed work, these resource estimates are going to be cut back significantly because the model is not honoring the geology or the geostatistics. That's a serious issue I'm seeing. To quote a friend of mine who does resource estimates, these are "faith-based estimates."

TGR: Do you think that sort of shoddy work is responsible for some of these one-mine or two-mine operations not performing as well as expected?

BC: Definitely, although we have to bear in mind that they are called estimates for a reason. It's rare these days that a company goes into production and its production costs are what they were supposed to be according to their PEA and the literature they used to raise money. Nevsun Resources Ltd. (NSU:TSX; NSU:NYSE.A) at its Bisha mine in Eritrea had to cut its gold reserves by about one-third because of a mistake in the resource estimate that related to how poor core recovery was handled in the estimate. Remember, in a resource estimate we are extrapolating a small amount of data, basically a 3-inch tube of core, across hundreds of feet of complex rock and assuming that we can know the grade of that rock. There’s bound to be some uncertainty.

TGR: While you were in Toronto, you made an appearance on BNN where yoOne chart that you used showed that in 1992, the mining industry discovered roughly 100 million ounces (Moz) gold in both copper-gold and primary gold deposits but by 2009 that amount had dropped to about 23 Moz in both types of deposits despite the fact that the industry was spending almost $5 billion (B) annually on exploration.u discussed the lack of big discoveries over the last 17 years. Tell us about that.

BC: That data was put out by Barrick Gold Corp. (ABX:TSX; ABX:NYSE), so it's pretty good data that pertains to economic deposits. It shows that over time we are discovering fewer large deposits. Basically, we are mining about 83 Moz gold annually yet only finding in the order of 20–30 Moz a year. So there's a serious gap between production and discovery that we're not filling.

It's getting harder and harder to find quality deposits—and we're talking economic deposits here, not resources that will never make it. Explorationists have pretty well explored most of the Earth's surface and then some. Therefore, it's also getting more expensive because we're going into blind areas and drilling deeper into more complex geologic settings. That is why it's getting tougher to find these big deposits. Then add to the increased geological difficulty the fact that social, political and environmental realities are pushing way out the time to permit and build a mine and it becomes pretty easy to understand the decreased discovery rate. I don't see that changing.

The net result of this discovery gap is that when a company, let's hope it's a junior company, finds a legitimate, high-margin economic deposit, it is going to be worth a lot more money than you would normally expect. The dearth of new discoveries means that those of us who invested early in a company that proves up an economic deposit stand to make some serious change. So now I'm focusing, as best I can, on high-margin deposits, or at least mineral systems that show the potential to produce those deposits and mostly avoiding geologic setting that don't offer that shot at a home run.

TGR: Another reason for the lack of discoveries is the high cost of mining, which has gone up dramatically over the last four or five years, given fuel costs and labor costs.

BC: Yes. In 2004, the capex to build Cerro Casale was $1.4B. In 2011, it's $6B. That's a huge increase in capital costs that throws a lot of uncertainty onto any big capex project a company is considering. That's happening across the board. Your average cash cost to produce one ounce of gold 10 years ago was on the order of $340/oz. Today, cash costs alone are closer to $740/oz and your all-in costs, according to a Randgold Resources Ltd. presentation (GOLD:NASDAQ), are closer to $1,200/oz. Cash costs are just what it costs to produce at the mine. They don't include exploration, depreciation, amortization, royalties, G&A etc.; so it's gotten a lot more expensive to produce all metals.

TGR: How would you respond to someone who says it's easier said than done to find early-stage companies with drill results that hint at the potential for high-margin, multimillion-ounce deposits that majors want to buy?

BC: I agree 100%. It is hard to find projects in an early stage that offer the potential of coming up with a major deposit that shows the profit margins and the size that a major company needs to buy. That's just a function of geology. As the Earth evolves it changes and those changes are recorded as anomalies in the earth's surface. A volcano forms, erupts a few times, cools down and is covered by the next volcano, over and over again. This process is responsible for millions of geochemical and geophysical anomalies that provide the stories the Vancouver resource market is founded upon. However, very few of these anomalies combine the right geological, geochemical and hydrological characteristics to produce a concentration of metal that has the tons, grade and metallurgy located near surface in a favorable jurisdiction to form an economic deposit.

TGR: If there aren't enough early-stage, potentially high-margin deposits, won't companies take the large, low-grade deposits just because that's what's available, and they'd bank on rising metal prices to make those deposits worthwhile?

BC: That's a valid point and investment strategy. It's a different investment thesis than I go with, but certainly there are a lot of these large, low-grade deposits that are marginally economic at $1,500/oz gold. If your gold price assumption is $3,000/oz, then these are the things to buy. In my personal portfolio, I don't need 100 companies—I need 10 that have something that I think is of a high enough margin to be economic today.

Lydian International Ltd. (LYD:TSX) is a company that I've owned since I first visited the property. At that time, it was $0.76/share. It's now about $2.45/share. Lydian owns a nice, simple, high-margin deposit in Armenia. Once the world starts to recognize that Armenia is a good place to do business, then this gets bought by a midtier company. It has about 3 Moz. I reckon its cash costs are about $500/oz. The capex isn't too bad. So that's a deposit that I see out there that offers the margin that a company needs to make money on, and it's selling at a discount today.

Atna Resources Ltd. (ATN:TSX) looks like an interesting company, as well. Its Pinson mine is a good grade deposit, and it should be able to produce at a decent price. So you have a decent, high-margin deposit there. Its capital costs are virtually nil because the infrastructure is there and there are a number of options to ship the ore to, so its capex is minor.

Altius Minerals Corporation (ALS:TSX.V) is a great prospect-generating company that's been incredibly successful. It owns about 32% of Alderon Iron Ore Corp. (ADV:TSX; AXX:NYSE.A; ALDFF:OTCQX); at a cost basis of about $2M, it's now worth about $100M. Alderon owns an iron deposit in Newfoundland that is a good high-margin deposit. Again, the infrastructure costs are low because it is right in an iron-mining district. I think Alderon has a deposit that somebody else will either buy one day or work out a favorable offtake agreement. So you can buy Altius at a slight discount to its cash, royalties and equity holdings and get a management team that has grown a $20M micro-cap company to about $340M with virtually no share dilution. You're paying nothing for the upside in Altius, which sort of reminds me of the good old days in the late '90s.

One way to better your odds at finding a true deposit is to invest in the prospect-generator companies. These are tiny exploration companies that recognize the long odds at success and structure their business models accordingly. They're very good at generating ideas for mineral deposits, but at the point it's time to start spending big dollars on drilling, they bring in somebody else to spend the money. So your financial risk is cut down quite a bit, and the high-risk, high-dollar part of it is covered by somebody else. These companies go on and generate new ideas and new targets and bring in new partners, thereby providing shareholders with many more shots at a discovery for your buck. One of the companies doing that quite well now is called Riverside Resources Inc. (RRI:TSX).

TGR: It has an agreement with Chile's Antofagasta Plc (ANTO:LSE) in British Columbia and one with a steelmaker, Cliffs Natural Resources Inc. (CLF:NYSE) in Mexico.

BC: Exactly. And it has other projects being worked by smaller partners. It has on the order of $10M in the bank plus about $2–3M in equities. Again, $12M has been spent on its properties this year, and its market cap is on the order of $30M.

TGR: In those companies, you need above-average management teams because you have to foster all these different relationships and manage all these different relationships.

BC: Exactly. Eurasian Minerals Inc. (EMX:TSX.V) is another company that has done an exceptional job with that. It has on the order of $35M in the bank. It just bought a royalty that's going to bring it $7M/year, and it has projects in Turkey, Scandinavia, western U.S., Haiti and Australia that are being worked by major companies, including Freeport-McMoRan Copper & Gold Inc. (FCX:NYSE), Newmont Mining Corp. (NEM:NYSE) and Centamin Plc (CEE:TSX; CEY:LSE)—companies that are looking for major deposits.

TGR: Having a paying royalty often is key, too. When you were on BNN, you talked about Virginia Mines Inc.; its royalty on the Eleanore mine is being developed by Goldcorp Inc. (G:TSX; GG:NYSE). Does Riverside have a royalty that could start paying in the near future?

BC: Riverside does have a callback to a royalty on its projects but, at present, none of them is producing any money. The company does, however, make money in many of the deals it structures by way of shares and management contracts. This income covers a fair portion of its general and administrative expenses. So it makes money back on these deals by working the project. Really smart.

TGR: What about Gold Standard Ventures Corp. (GV:TSX.V; GDVXF:OTCQX)?

BC: We're going back to high-margin deposits, or at least high-margin potential. Gold Standard's property is on the Carlin Trend and is a major, very large, Carlin-style gold system. The key to making a big deposit is having a big system—a simple concept that is all too often ignored. Gold Standard's most recent drill hole intercepted potentially economic mineralization over 43 meters. If it's successful, this is a deposit that is big enough and high margin enough to attract the attention of Newmont Mining or Barrick or anyone, for that matter.

This is the important part about why I bought Gold Standard. It's not because of the next few drill holes. It's because we recognize we're into a system that's large enough to produce a mineral deposit, and we know now that this geologic system can produce the grades we need to see. So, it's still going to be a hit-and-miss exercise until the geologists can do the science well enough to find the exact core of the deposit, if it's there. The next results might be fantastic; they might be just encouraging. But we know we're into a big system. You stick with big systems.

TGR: Do you have any parting thoughts for us, in terms of what retail investors should be on the lookout for throughout the rest of this year?

BC: It's going to be, in general, a tough market to make money in if you're just throwing darts. You really have to have a handle on what a company's looking for in terms of deposit type and what that deposit is worth in terms of a net present value on the deposit, if it is successful. Too many companies are out there exploring projects that even if they're successful, the real values aren't worth the risk it took looking for it. So stick with intelligent management looking for high-margin or large deposits. The junior mining and exploration business is such a technical and complex science and industry populated by paid touts, scam artists and people of dubious character, that it is well worth the effort to get good, honest advice. And be very selective in what you buy.

TGR: That sounds like great advice. Thank you.

Read Rick Rule's strategy for taking advantage of volatile precious metals markets here.

Brent Cook brings more than 30 years of experience to his role as a geologist, consultant and investment adviser. His knowledge spans all areas of the mining business, from the conceptual stage through detailed technical and financial modeling related to mine development and production. Cook's weekly Exploration Insights newsletter focuses on early discovery, high-reward opportunities, primarily among junior mining and exploration companies.

Want to read more exclusive Gold Report interviews like this? Sign up for our free e-newsletter, and you'll learn when new articles have been published. To see a list of recent interviews with industry analysts and commentators, visit our Exclusive Interviews page.

DISCLOSURE:
1) Brian Sylvester of The Gold Report conducted this interview. He personally and/or his family own shares of the following companies mentioned in this interview: None.
2) The following companies mentioned in the interview are sponsors of The Gold Report: Lydian International Ltd., Alderon Iron Ore Corp., Riverside Resources Inc., Goldcorp Inc., Gold Standard Ventures Corp. Streetwise Reports does not accept stock in exchange for services.
3) Brent Cook: I personally and/or my family own shares of the following companies mentioned in this interview: Lydian International Ltd., Riverside Resources Inc., Virginia Mines Inc., Gold Standard Venture Corp., Atna Resources Ltd., Eurasian Minerals Inc., Altius Minerals Corp. Alderon Iron Ore Corp. I personally and/or my family am paid by the following companies mentioned in this interview: None. I was not paid by Streetwise Reports for participating in this story.

http://www.theaureport.com/pub/na/12931

[muenchenguru]

Beispiele für Marktübertreibungen, Unterkategorie: Übertreibungen nach unten:

Working with Rick, I was fortunate. He'd put together two funds of about $14 million (M), so we had some money. We were pretty much alone in the sector, hence we were able to put some money into really good projects and people. So in retrospect, that was one of the best times of all to be investing, but at the time, it felt horrible in that we'd invest in these companies that we thought were a good value and see the share price continue to fall for a year or so. We were able to buy a company like Virginia Gold Mines Inc. [now Virginia Mines Inc. (VGQ:TSX)] for nearly cash in the bank yet watch it fall to a 20% discount to that cash, and this was a company run by one of the top guys in the industry, Andre Gaumond. Today, however, you have a lot of money chasing everything in this sector, and it's subsequently tougher to get real bargains on projects or people. It's important to recognize that because this is such a risky investment sector that to make money at it consistently, you need to buy companies when they are cheap based on legitimate valuation metrics.

http://www.theaureport.com/pub/na/12931

[muenchenguru]

aus dem Forum v. Great Western (4now):

irgendwie schon witzig ...als alles im unklaren war war der aktienkurs höher als jetzt wo alles auf Schiene ist. Und dann heißt es immer institutionelle Anleger wuessten was sie tun,...naja ich bin investiert kann die nächsten Jahre genießen.

[muenchenguru]

Wood Pandora ist also tatsächlich eingerahmt v. beiden AGE Minen, die einmal 180k u. einmal 115k Oz pa produzieren.
Bitte unbedingt die Entf.skala beachten, Lapa ist 2-3 km u. La Ronde 5 km entfernt.
Das ist Steinwurfnähe !

[muenchenguru]

ich habe mir mal die Mühe gemacht u. das MD&A v. Queenston Mining, unserem JV Partner auf Wood-Pandora durchzugehen.
Queenston besitzt daneben noch eine Liegenschaft namens Pandora u. hier sind seit 2004 keine Expl. mehr erfolgt.
Das Interesse liegt also auf dem JV u. man kann festhalten, dass kontinuierlich jedes Jahr eine mittelgroße Summe verbohrt wurde.
Was man insb. nicht vergessen darf, dass in Steinwurfweite Agnico-Eagle ihre Lapa u. Ronde Minen am laufen haben, die beide über 100k Oz. Au produzieren (glaube jede Mine) .

Fazit: man kann v. Wood-Pandora noch etwas erwarten , man muss klären, warum hier nicht absolut Vollgas gegeben wurde, die Bohrergebnisse waren durchweg gut bis exzellent u. auch die metallurgischen Tests verliefen sehr positiv.


Wood-Pandora Property
At the 50%-50% Wood-Pandora JV property, exploration activities recommenced in the 3rd quarter after a hiatus to
evaluate results from the previous drilling campaigns. The drilling results from late 2010 successfully re-established interest along
a 1 km corridor of the Cadillac Break that historically produced gold from a series of both vertical and flat trending veins. The
work suggests that the exploration potential in this area of the property remains high and the JV began a new drilling program in
the third quarter. Total expenditures by Queenston on the JV property for the year amounted to $224,000.
The Wood-Pandora property is adjacent to the LaRonde Mine operated by Agnico-Eagle. There is a reported historic
inferred mineral resource of 1.43 million t grading 5.3 g/t Au in two deposits on the JV property. These historic resources were
calculated prior to NI 43-101 standards and should not be relied upon as they have not been verified by a QP under the
Instrument. In 2008, the JV announced a NI 43-101 inferred mineral resource on the Ironwood gold zone of 243,200 t grading
17.3 g/t Au. The mineral resource formed part of a technical report completed by Consulting Geologist and QP, Reno
Pressacco, P. Geo.
Gold mineralization occurs across the full width of the Cadillac Break with the greatest concentrations both within the
break and in the adjacent Cadillac sediments to the north. The mineralization consists of free gold in quartz with associated goldbearing
arsenopyrite and other sulphides commonly controlled by near-vertical shear structures and subsidiary horizontal
tension fractures. Previous operator, Camflo Mines, commenced a surface drilling program in 1979 outlining a drill indicated
mineral resource to a depth of 200 m at the No. 3 Shaft Zone. Subsequent underground exploration was inconclusive in defining
a shallow mineable deposit at the prevailing gold price at the time.
In 2011, the results of a five hole, 2,405 m drill program were announced on the Wood Pandora property (see Press
Release October 11, 2011). Four of the holes were completed to follow up the drilling results from twelve previous holes
announced earlier this year (see joint News Release dated May 5, 2011). The drilling targeted the Cadillac Break in the area of
the No. 3 Shaft Zone that historically produced, from 1939-42 approximately 13,000 oz. of gold from 178,231 t grading 4.7 g/t
Au. New holes W-11-89 to -92 all intersected gold values within or adjacent to the Cadillac Break. One of the deepest holes of
the program, W-11-92, intersected a 4.9 m interval assaying 28.86 g/t gold including 121.70 g/t gold over 1.1 m at approximately
350 m below surface. A fifth drill hole, W-11-88, targeted a structural feature near the Amm Shaft on the southern portion of
the joint venture property. This drill hole returned no significant mineralization.
The JV is reviewing the historic, shallow exploration in the vicinity of the No. 3 Shaft Zone prior to planning the next phase
of deeper drilling in 2012.
The Wood-Pandora drilling program was planned and supervised by Globex’s Exploration Manager and qualified person
Ray V. Zalnieriunas, P. Geo. and M. Belanger, Ing. employing a QA/QC program consistent with National Instrument 43-101 and

[muenchenguru]

Es gibt einen wichtigen geologischen Grundsatz: Der Ort wo man Erz findet ist da wo schon Erz abgebaut wurde , also in der Nähe.

Im Jahresbericht wird erwähnt, dass Chibougamau recht ergiebig war:

Conclusion. Globex through its subsidiary “Chibougamau Independent Mines” controls an important land position in the heart of the Chibougamau Mining Camp. The Chibougamau area was mined actively during the period of 1953 to 2008. During that period 1.6 billion pounds of copper and 3.2 million ounces of gold were produced along with significant amount of silver and zinc. Within the Chibougamau mining camp, limited exploration drilling has been completed around the producing mines during the last 25 years of production.

Die Ziele für Globex in 2012 sind auch definiert, nämlich die Historischen Schätzungen zus.zufassen u. zu erweitern:

The 2012 exploration objectives include:
 Complete the compilation of all pertinent geologic/geophysical information over the property to help identify new drill targets.
 Complete a set of cross-sections with “historical tonnages” along with level plans and longitudinal sections in the areas of past production to better characterize the shape, size , style and metal distribution of these former ore zones to help guide Globex’s exploration and optimize its approach to locate new deposits.
 Surface diamond drilling in order to confirm and upgrade historical tonnage into NI 43-101 compliant resources.

[muenchenguru]

Mag Copper
was der Unterschied zu der alten NI sein soll habe ich auch nicht recht verstanden