Early  days  doing   exploration  PT’d  follow the  veins   uphill by  going  from old work pit  to pit and select  surface  rocks  random, take  them back to the  placer site  and  crush them. Then he’d  pan out  gold confirming decent grades  anywhere near   a  surface  vein. Lots   of  samples comes  up with the .45 to 5.5 oz levels  to mill   vein ore  with highest  grade  from  the  hoist  shaft . Core  drills  confirmed  it  goes  deep but  turned up silver  content  not  seen at surface or  even much mined by  family for  added  value. Reason  being   silver  corrodes  and erodes and  gold  doesn’t.  Below  surface  it  hangs in   and  impure  form even more. Same  reason there are no silver nuggets  in  placer washes from near surface  stock zone.  More  recent  drilled out  shear  zone will no doubt  contain silver  as  well as  gold.   Long  as  is  there  you  take it  out as value worth the  extra  effort  to refine.   Best  is  very  low  sulfides and   next  to no base metals so working  with near  pure  free  gold stuff  to mill  and  oxidized silver, fine  gold  for  cyanide  release.

Next lighter heavy metals  are  magnetite and  hematite  which are  Iron oxides separated  by  some  magnet in process.  Panning placer  gives  black sand containing  the fine gold, a  simple  magnet picks  up all there. Rare  earth magnets  can do those and  slight  iron oxide  film can coat  gold  so various   slight  acids  remove  that. Vinegar  works but  usually  dilute  sulfuric acid .  Very fine  gold  actually floats  due  to surface  tension.  You can use  an electromagnet  as a  filter  of  built  up black sand  whiskers  to catch it  and  simply  turn it off  so the  iron floats  on  away leaving  the  very  fine  gold settled. But probably  now  will not use  a placer  process  for economy  of  scale.  Some  form of  large  gold  capture  may be  factored  in the  crush and  grind for  the  heap.  Not  sure how that would  work getting  to pebble  or  small rock size .  Milling  all gets down to a  slurry   for  table  recovery  anyway .

don’t  make  a  summer   nor one  fine  day! But  few   more up 50%  and can even  afford  to be  me!! I recall old  nemesis Freddy  Dupont from  early  2003 GSPG.  Last AKA “Zootsuit”.  Loved  to  joust  with HMS GW Lout  while I’d  both on  ignore . Freddy  also felt Lout  the  dullest, mos’   unoriginal thots in mine  invest  history.  Last genesis  was  as “The Fish People “talking among selves  for  a  chat.  Time   GORO was  set  to explode  and had  seen GSPG and  USGL  go  parabolic  and  one  said “What  if  he’s  right the  3rd time?”  All went  zippo with the  Freddy  4 years  so back but   just before  Mexus. Zoot  LOVED Minera Andes much as hated  USGL THEN Rob merged and  I believe it  killed  Freddo! HMS Great White  Lout? Will be  Freddo’s  4th ballistic and  yo doom?

Call it   tip of  the lance as  you  silently  leave  us  in a cavern and   canyon light  like a  fairy   blowing bubbles  soft and  fine, Begone, dull care ! 8

http://www.contemplator.com/tunebook/england/dullcare.htm

Today at 2:56 PM

Rights  to all but  claims  are  separate areas Lemas  reports  on. Best  I can vouch for.  The  actual contract with  the  B’s  is  total involved and  past  there  can’t  comment but  think  is  an error figure 3400 NOT 1340 as  last  1000 acres  alone  comes  to about  400 added.  Family  ranch is  well more  than  1000H

“here are multiple exploration targets on the Caborca Project.　　The two most important are the quartz stockwork zone and the Julio vein system.　　The first target will be the quartz stockwork zone.area. A detailed drilling program will be scheduled to test the Julio vein system.”

If  you  get  a good  sat map  is  not  hard to see  a lower  peak to S and  higher  to N with the  white  quartz vein works  atop. Rest  of  area  fairly  level  there  abouts at   257 KM marker  which is  from Santa Anna  West. Rough 45  KM NW of Caborca.    Julio Vein runs  from   the  rise  above  desert  which is  the  stock zone  alluvial  all the  way to that peak perhaps  max 3-4 Ks and  4  is 2.5 miles. Call that just  2K or  1.25 miles  length and  rest  are  shorter  BUT go  undeground  earlier   and  family’d  go down  far  as  human  back labor  allowed mining  high grade quartz pockets angled  under   big  rocks  to the   uphill left. Julio 2 shaft with the  hoist  now was  60 so feet  deep as  they went  near  straight  down and  Ken mined the   level tunnel following   face  vein for  his  stake early 2000’s. Point PT MUST Hold  out  for?

“At San Julián, construction ofa landing strip was concluded with an investment of US$2.7 million.” High  danger  area,  Chihuahua/Durango border unlike  Caborca  but  wha the  Hey!

London  Exchange Fresnillo  has  leased near ALL the  area  ranch land. It could NEVER  take  either Julio Elena  or next  door  who held  out  for  a  real evaluation  seems  to now  be underway. PT picked  up the  other  after  the  B family became original partners with  Ranch agreements 2011 .   The  2  equal 8,400 acres or 13 1/4  sq  miles  or 3,400 Hectares or 34 sq KM,  basically  6 KM along  Mex 2  to 6  KM W  into  mountain  mostly consists  of  5-6   quartz   high grade veins kilometers  long  to submerged at   depths as  they rise  to top.

“On January 5, 2011, Mexus Gold Mining S.A. de C.V. entered into a Purchase Agreement to purchase the Caborca Project.　　The Caborca Project consists of 7,400 acres (3,000 hectares) about 50 kilometers northwest of the City of Caborca, Sonora State, Mexico. The Caborca Project lies on claims filed by the owners of the Santa Elena Ranch, which controls the surface rights over the project claims. The claims lie near 112 o 25′ W, 31 o 7.5″ N. These claims were visited near the end of January, 2011.　　On or about July 11, 2011, we acquired five additional claims surrounding the Caborca Project consisting of approximately 1,000 additional acres.”

Here bouts  we  say is  BIgger’n Texas ! 8

Bit older

Shall we  dance?  The  actual difference  from over beyond the  mountain  to  their  flat desert???  Multiple  white  quartz  surface veins running  UPHILL into  depths probably  to THEIR side  of  the  range . Other  than that? They got a nice  level spot  for  Mexican Hat  Dances.  We’ll perhaps  party there  too.

Whatever, whomever,  it’s  a major able  to do what  we need  to blast  drill and  produce  and  dump the  LOUTSH demander’s placer oz   in  the  trash bin of  history  along  with them. Progress on all fronts!

Meantime,  belgie,  about   least 2  weeks will be  Giants and  Royals to occupy.   Then skip and a  jump. An enormous  Giant  fan since  SFO move in ’57.  No TV at all , listened  to radio  Mr  Russ   with Mays, Cepeda,  McCovey.  My  1st  Major  League game  was  with St Louis May  31 ,  ’61 , Willie  and  Stan the  Man same place in 2  games   1 and 1 .  Then  in Nav  school in Waco, W Series   at   The Stick and  Yankee  Stadium 1962.  54 years  on and  SOME success  later. In some  areas  even San Fran’s  doing  SOMETHINGS  right and  burning  leaves is  NOT a Bay Area  aroma .  Low  tide  sulfur’s   a  lot more….. 8

http://www.baseball-almanac.com/teamstats/schedule.php?y=1961&t=SFN

http://www.flickriver.com/photos/41606952@N07/tags/sanfranciscogiants/

True  we’re  not  vital to much of  all except long  as  I’m  able  to least  read  will be  trying  my best  to educate  in VERY basics.

SO HERE’s  the  stupidity I stated… BUT is  9 million drop  from ownership into 90 million issued… ONE FUCKING 10th  of  increase  and  ALL the  funding  we  ever got since the  29 mil assumed.   He ‘s been giving  away ownership (once  99.99999% ) constantly to keep going. I feel you  are  as confused  and  as confusing  as  near  any.  And  I’VE been told  not  to expect   any  more  than open door if  I visit on my  own, Better hey,  than  GRC  we  don’t  want  you in Oaxaca March 2010!. The  few  working hard  do NOT need  our  presence, just  support. Paul will welcome  open arms  once  we’re back running.  We’d be  a  distraction.  Best  you  said? NEW IS GOOD if  correct. 8

Not  going  to edit  but  what’s stated  is  stupid stuff.  I mentioned  latest  SEC 4 for  sale  of  $9025, I5  Oct.  There’ve been  exactly  THREE 4s  since  Action  Fashions  became  Mexus,  The  first  in May  2013  was  to ACQUIRE 29,507,473 @ .10.  Earlier  in  the   medical and funeral time this  May he  sold 546,510  @ .06 for  $37,490.  FOUR entire  years, $41, 815  is  no bail out. That’s  postage or  a  few  Cessna  fill ups! Where  could  the idea  even arise?  RAGING BULL anyone?  His  owned %  decreases  greatly  as issues  climb and is  double  entry  bookkeeping 1st chapter lesson one.   His  3 year  9 mil decrease is  with 90 mil added shares or  Founders 10% added  to treasury  for  sale How  in  Hell do you  think we’re in  ANY position  to negotiate otherwise except  his  sacrifice  for all?   Be  assured  both he  and I expect it  back in aces!!!  I’ll even spring for  the  whole spit roasted   ox at the JV Fiesta !!!! 8

Not on  TSX or  Venture but ” You may find a few companies among them with interesting stories that are worth salvaging”. No large  salaries  and  SERIOUS exploration. I’m for  sure not ” sitting on  dry powder  but looking  for  a  substantial reward”!  Very  difficult  to gain entry into “Official Golddom” where  you’re  accepted  in the club  as an equal.  Mexus is  “Nose of  the  camel”  poke and probe and  just  a  sliver  of light? Camel’s in  the  tent and never  gets out!Our  zombies  sit on  the  side  and giggle whilst  the  camel works Its  nose off.  8

TMR: We’ve talked before about the fact that during this downturn, a lot of companies were going to either disappear or be reduced to walking dead on the Toronto Stock Exchange and the TSX Venture Exchange. Is one of the bright spots of the market today that it’s easier to tell the good companies from the bad?

JK: Yes and no. Just under 600 companies out of 1,700 have more than $500,000 working capital and aren’t in the big mining company league. Some 300 have between $0 and $500,000 working capital, and about 700 have negative working capital of about $2B. The negative working capital ones are pretty much dead in the water because no one wants to give them real money to replace money that’s already been spent. You may find a few companies among them with interesting stories that are worth salvaging. But most of the indebted companies are going to wither away and disappear.

That leaves about 900 companies with potential to survive. Among those, I gravitate toward the ones that have real management teams—technical personnel who know something about exploration—and projects with a story indicating that the brains of management are actually at work and that they are not just going through the motions of pretending to explore. Some companies are sitting on piles of money where management is collecting big salaries but because they have large shareholders who are treating the company simply as a keg of dry power for extremely bad times, they do not have the go-ahead to do anything along the lines of serious exploration that would risk the capital but also put the company in a position to deliver a substantial reward. One also has to be careful about those companies because they represent opportunity cost.

But, in general, it is now easier to see companies that are doing something and distinguish those from the rest because the inability to finance and the poor financial condition of most of the resource juniors make it very clear that they have nothing and are doing nothing. There is no reason to invest even a penny in such zombie companies.

http://www.kitco.com/ind/MiningReport/2014-10-15-John-Kaiser-s-Tips-for-Escaping-the-Resource-Sector-Swamp-Alive.html

You  simply check actual facts  in a  rugged  week in  ANY market.  Fact?  High ask  was  02.49; low  bid  was   flat  .02 on  2,563,000 trades.  One  cent’s NEVER been seen or any time below  .02.  Bad  enough but  was   a busy week    and  last  80K, :54, :57, :58 and  :59 were  one  person snapping  them up on the  cheapo laughing  to hisself  in Boulder  CO!  And  silly  asswipe  wants to tell you  the  PPS has  fallen 99% from $2.16  , and  if  the  jerkoff  even OWNED a  cert? Signed by  Paul Thompson, President  and countersigned  by  Paul Thompson, Secretary . Wonder  what  a life’s like  peeking out  of own asshole?

The  very  first  thing a  miner  with any sense ( we  can toss out  foolish  babbling  louts   knowing  nothing  about  anything) will be  ironclad  drill and  surface  assay  results ( we  do have  plenty of  our  own)  sharing  WITH  our own geologist  overseeing  what they  collect.   Usually will specify  a  safe room all information is  kept on  site  split  samples  tagged  time  and place  WITH lab  results.  Recall they know  for  certain this is  as  the  Junior  Partner  share  not  total ownership buy  out so information  withheld  is worthless  to their  portion of  the  project but  will be needed by PT  if he cannot  agree and moves  along with another.  Again I do not  think either party is much of interest in that possibility. Now a matter  of  how  much for  what. Last  figures were  $5 to 7  million and no more that  49% with  Mexus managing  and  JV as supplier  of  most  things  needed as primary  contractor.

Getting   to this point  where any  majors  are  willing to foot  the  bill for  exploration over  month’s time  knowing   bare minimum  what he has  rejected  thus  far? Causes  me  to expect  a  bit  fatter  turkey  than last year’s  skinny  bird.

I don’t  recall  being  wrong  about  the  San Felix  buyout  as it was  always  to be  a  group Atzek works  with for  many years  since  they wanted  to control the  entire  Trinidad  project  not  just 50%  PT sold  them for  $5  million. Same  bunch managed the  Ejido rights  buyoff  for  $100K.  Silver  Pursuit  spun away for  exactly  that kind of purpose  with mixed  BoDs. Oh yeah  Federales faked  Ken into  jail  on a  couch  in  Mexus   Caborca Office set up by  Atzek legal team.  And  I was  some of  the  bait. Fat  Cat  Rico Texan investor.  I’m not  anxious  to be  around  the  jerk either.    8