Showing posts with label gold prospecting. Show all posts
Showing posts with label gold prospecting. Show all posts

Wednesday, March 19, 2014

Will the price of gold reach $5000 per ounce or higher?

Sample of high grade gold. picture of a nugget from NL
Gold and the price of gold gets plenty of attention and it is a subject that is gets regular coverage from media sources. Every day there are reports, articles and commentaries from industry stakeholders, stock market gurus and financial advisors etc.

Some are bullish on gold, some are bearish and some promote having a contrarian approach. It is can be difficult to take a side on either opinion as there are good points being made each way.


As a gold prospector I am in the camp that cheers on the price of gold and would relish seeing the price increase. I think that the price will gradually edge up to higher levels that better correspond to the true value of the metal when compared to fiat money, as has been seen in history.

Charles Oliver from Sprott Asset Management LP believes that the price of gold may reach $5,000 per ounce or higher within a few years and maybe even go beyond that. He focuses on gold and silver investments as a portfolio manager for the Sprott Gold Precious Minerals Fund and the Silver Equities Class. Below are some quotes from a recent article by Henry Bonner in which Charles makes his case for higher gold prices.

When Henry Bonner spoke to Mr. Oliver last summer, he said the weakness in the gold price in the face of unprecedented money printing from the Fed had taken him by surprise.

Quotes from the March 11, 2014 story:

Have we passed a decisive point since then? Is gold heading up? (Bonner)

“I believed throughout 2013, with the price of gold coming down, the fundamentals were only getting better,” he answered. “During that time, the Chinese bought like mad and the Fed printed another trillion dollars through QE. Nonetheless, heavy selling took the gold price down.

“Today, the difference is that the sellers are exhausted, and physical demand is catching up. One of the numbers we are looking at is the quantity of registered inventories on the COMEX for gold. That’s the amount of physical gold that is available when someone asks for physical delivery instead of a cash settlement.”

Mr. Oliver continues: “One day, we might see someone try to break the market on the physical side, by demanding delivery of more tons than can be supplied – hence driving the price up.

“Because of this threat, I would tell investors in the metals to stick to ‘fully-allocated’ products, where you have a claim to a specific amount of metal that is physically held in a vault, not lent out or hypothecated.”


So have we reached a point where physical demand will drive the price up? (Bonner)

“The demand coming from China boggles the mind. Imports of gold through Beijing were somewhere on the order of 100 tons a month last fall. Assuming this trend continues, China might import 1,200 tons or more this year. That is nearly half of the world’s annual mine production of around 2,600, whereas 5 years ago, they hardly imported any. I believe a good portion of the 800 tons that were sold from ETF holdings subsequently were shipped to Asia.”

Could gold head lower in the near-term? (Bonner)

“As far as the price going down again, we already saw gold bounce off from $1,180 in December, which represented a 39 % retracement from the peak – a significant number from a technical perspective. Certainly another powerful support level would be around $1,000. There were several times before 2008 when gold hit that level and came back. I believe that would be a very firm support level for gold if it dropped again.”

Where is gold headed a few years out? (Bonner)

“In 1980, when the gold price peaked at $800, it took 1 ounce of gold to buy the Dow Jones Index. After 1980, financial assets took the lead over hard assets. In 1999, it took 44 ounces of gold to buy the Dow Jones, at a gold price of $250. If gold were to regain the position it held in 1980, we could easily see a 3:1 ratio – gold at $5,000 given the current level of the Dow Jones, or even $15,000 if gold returns to the 1:1 level.

“Ultimately, I believe that the gold price could reach $5,000 within a few years, and perhaps go well beyond. Deficits and rising debts, exacerbated by demographic issues, are here to stay. And money printing and higher gold demand along with them.”


The Full Article from Sprott Asset Management is available here

How does the price of gold effect the propsector and the value of his / her claims ? Read More here 

Thursday, April 21, 2011

Going For The Gold

I read a very interesting press release today... it was good news for both of the companies working the Gold deposit and in advancing their exploration plans... cheers... yet it also helped to further highlight the value that can be achieved from a near surface gold deposit. The companies involved were doing this work to further prove the value of their deposit and not as a mining endeavor per say... 

But as a prospector I also see reason to think that finding something were you can make $197 per tonne of rock serves to provide a good stimulus to keep on prospecting...at today's gold prices you may not need to find the mother load to make a profit... if you could find a nice near surface deposit... that can be mined ...


A few years ago these grades were seen as lack luster... today it is a different story as the value of precious metals has changed considerably...   
 
Here are few lines of their press release and a link to the full story... 

Paragon and Crosshair Recover 314 Ounces Gold from Surface Bulk Sample at Golden Promise JV Project

Highlights of the program include:
  • 313.59 ounces of gold and 23.05 ounces of silver were recovered from a 2,174 tonne surface bulk sample;
  • a bulk sample grade of 5.59 grams/tonne (g/t) gold which is approximately 26% higher than the average block model grade of 4.42 g/t gold; and
  • Positive milling characteristics of the mineralized material.
After refining, the bars and the mill concentrate produced a total of 313.59 ounces of gold and 23.05 ounces of silver which were sold for net receipts of CDN$430,001.85 after treatment charges...


Not bad hey... later on they talk about how to improve the recovery...

Keep On Prospecting



Wednesday, April 20, 2011

Gold Price Hits Record High

Gold hits new record price as global economic fears push investors into seeking safe heavens.

Spot gold set a new record of $1,501.26 (£917) an ounce in Asian trading, underpinned by a weak dollar. Standard & Poor's downgrade of America's debt outlook on Monday sparked a new flight into safe-haven investments.

Spot silver hit a 31-year high of $44.34 an ounce. Brian Ostroff of Windermere Capital described silver as "gold on steroids" on Tuesday. Gold has gained 32% over the past year, while silver has more than doubled in value.

Full Story @  guardian.co.uk, Wednesday 20 April 2011 07.44 BST

Thursday, May 20, 2010

Mining Strategist Doug Silver Believes There Are At Least 3,000 Million Ounce Gold Deposits Still Out There

RENO, NV - As gold miners and explorers moan and groan about the decline of major gold deposits in the world, former International Royalty Corp CEO Doug Silver asserts that at least 3,000 gold deposits currently exist globally with 4.9 billion ounces of gold reserves and resources.

In a presentation to the Geological Society of Nevada 2010 Symposium in Sparks, Nevada, Wednesday, Silver–whose passion for research and statistics burn as bright as ever even after selling IRC to Royal Gold for millions and millions-estimates that 638 of those deposits or 22% are endowed with at least one million each of contained ounces.


His research has revealed that 89% of the known gold ounces in this world reside in larger gold deposits. Of those ounces, 40% are measured and indicated resources, 31% are proven and probable reserves, and 29% are inferred resources. One third of them are open pit mineable and one third are located underground.
And, despite the declarations of major mining company CEOs and geologists that the days of really big gold discoveries are waning, Silver’s research has revealed the number of major gold discoveries has been increasing. In fact, the number of million-ounce-plus gold deposits discovered globally has been steadily increasing since the 1920s, he asserts.

“We’ve creating phenomenal value for our companies and our shareholders,” Silver said. “We’ve done very well.”

Read More Link To Full Story

As prospectors and explorers we need to be optimistic. Doug Silver certainly has the credentials to be able to talk on the subject of Gold Exploration. I cannot argue one way or another on the figures but I  feel that his words are encouraging. There are indeed new world class gold deposits being discovered and explored, whatever the number is, there is certainly opportunity. Let us research and Let us go out in the hills and search for some new gold.

Happy Posting
This post was made at www.goldsearch.blogspot.com by Robert Freeman

About the author: Robert Freeman is a full time professional prospector with over 20 years direct hands on experience in the field. He manages a  prospecting and exploration company which provides mineral claims, mineral claim staking, prospecting services, field and logistical services, along with consulting property management and acquisition services to the mining industry. He founded or played a key role in the formation of several exploration companies and has created mineral exploration land packages in numerous regions of Canada for both public and private companies.

Thursday, April 08, 2010

Mineral Propsecting Outlook 2010

We never know for sure if any year will be good, bad or excellent for the prospector making a living. But there is information available and news to watch for that may help us get a better feeling for the business outlook. Staying in tune with the times and keeping up with the latest industry news and trends, has to play an important and ever increasing part in the prospecting business today. If one is serious about success we need to remain informed of trends and the opportunities that they could bring.

My thoughts on the 2010 outlook are presented below in short form.

As the demand for minerals increases so should the prospecting effort to locate promising discoveries that could lead to eventual deposits of economic importance. Increased demand for minerals often results in increased demand for new properties. This adds a stimulus to the prospecting profession and helps relight the dream of finding mineral showings of value or the next mine.

2010 should be a good year for the prospector that is seriously looking for a diversified mix of minerals including Rare Earth Elements, Precious Metals, Base Metals, and Industrial Minerals etc especially if he or she has a good portfolio of properties some or all of which may be of interest to larger exploration and mining companies.

With these changing times and technology advancements also comes increased opportunity for growth in the prospecting, exploration and mining fields especially for those folks that are able to search for and find minerals for which the demand is growing. Individuals and companies that can broaden their efforts to include a variety of target minerals should have a better opportunity for success.

While there is little doubt that the uncertain economic times of last year have had an effect upon the demand for new properties, there are indications that the demand is increasing. This can be seen in the press releases of numerous companies and announcements of new property purchases and or options. Rare Earth Element (REE) properties are becoming more of a focus and the demand for quality gold properties has also been on a steady increase. Let us not forget base metals, although maybe not as "sexy" to some there are strong indications that demand will remain strong.

Of course while we are looking into the future demand, we would do ourselves a disservice if we forget about industrial minerals such as magnesium or even aggregate deposits of value. Deposits of this category although far from being in the "stock market fashion or the latest buzz", are still very important to society and to economic advancement. Finding such deposits of good grade and tonnage certainly has and will always have value and can be very lucrative. Perhaps they are a harder nut to crack promotion wise and a harder sell to exploration companies, they are still a key resource to serious mining quarry companies and the eventual rewards of having one can certainly still be worthwhile.

Mineral Properties for Option - Gold - Lithium - Magnesium - Base Metals

The search for REE deposits has recently seen an upsurge as explorers begin to hedge their bets on the future demand for these types of minerals. Lithium or the 3 rd element as many refer to it is also the focus of increased attention.

Gold, Platinum group minerals, and silver are gathering serious attention once again due to potential shortages into the future and the recent increases in price for these metals.

Now that the spring and summer seasons are upon us, prospectors are once again increasing their efforts to examine new areas and revisit past mineral minds as is the tradition. With the new season and increased demand this should be a good year for the prospector.

This post is from Prospecting- The Search For New Gold

Happy Prospecting! Always do your home work and due diligence, learn to sell Popsicles to the people that want them, and be ready to fit the right buyer with the right property. Keep your powder dry and your axe sharp.  

About the author: Robert Freeman is a full time professional prospector with over 20 years direct hands on experience in the field. He manages a  prospecting and exploration company which provides mineral claims, mineral claim staking, prospecting services, field and logistical services, along with consulting property management and acquisition services to the mining industry. He founded or played a key role in the formation of several exploration companies and has created mineral exploration land packages in numerous regions of Canada for both public and private companies.

Sunday, March 28, 2010

Going for the Gold with a Vision, a Backpack, a few Tools, Hard Work and Will Power

They say that prospecting gets in your blood, your thoughts and your dreams. Some claim that it is a profession that sets off a certain something that stimulates the Nero - receptors in the brains of otherwise normal individuals, making them fascinated and near obsessed with the idea of exploration and discovery.

While I can accept a little of that point of view and I have witnessed firsthand the antics of people with the “fever”, I feel that the naysayers are certainly not totally right. However, they may also not be totally wrong. There have been cases were a person falls in love with a certain property or a certain location, to the point were “bad ground” gets “loved to death”, usually at considerable expense of time and money and with much frustration.

The old saying “Gold is Where You Find It” can be very true, however carried to excess, some folks think they can find it anywhere and take longer to realize that where they are looking isn’t necessarily where the gold got emplaced and thus they have not found it. Gold of course is everywhere in minute amounts however the occurrence of gold in economic quantities is another matter. Discovering gold deposits of a quantity suitable for mining is not something that happens regularly, in fact many gold or other mineral discoveries never become mines. Often it takes years before even “high grade” discoveries become mines.

The would-be prospector has to realize a simple fact, if minerals were available everywhere in commercial minable quantities they would be worth far less and there would be little stimulus to go find the next new mine. Once we accept the reality that we need to look at many rocks before we find a big discovery, we can focus and narrow down our search to areas where the odds are better.

 Don’t get me wrong, successful prospectors experience success because the love their work and most will tell you that they learnt the hard way not to love a property to death, especially a property with slim chance for discovery. The trick is education, an education often obtained from the school of hard knocks, an education that empowers them to know when to move on to another target without selling the shop to explore the first one.

Over the course of time, more than 20 years, I have prospected both as a hobby and as a professional, often counting on it for my livelihood and today as my career. More than once I made the mistake of over exploring a property and in the early years I spent more than my year’s wages on a property that was nicely located but sadly of little economic value.  You could say that I got knocked in the head and the pocketbook at the school of hard knocks.

Perhaps by now you are asking; so where is the good and exciting part in all this? That is a question that each prospector will have to answer in his or her own way. I can only speak for myself and my experiences. I have been prospecting full-time or near full-time for the last 10years and part-time for many years prior to that, part-time to me was spending more than half my time in the field each year while working at another job or my other business. Some of my friends still call me one of those guys with highly stimulated nerve endings, but none of them continue to doubt the value of what I do.

I remember having only a Vision, a Backpack and a few Tools and relying on my hard work and willpower to first prove that I had what was needed to become a prospector and then prove that I could succeed in being one. Today the lessons I learnt in the hard knock school and the experience I gained, combined with some luck have created my career and have allowed me to live a life that I enjoy. There are still hard – times and there will always be new hurdles to jump, however those hard – times are fewer and the hurdles do not seem as high.

Recently I have witnessed the rapid advancement of a mineral exploration company that I helped to create and helped to provide with mineral properties. This was a major milestone for me and it meant the accomplishment of a vision I long held. I have also expanded my business to provide numerous companies with prospecting services and mineral properties of value at a professional level.

Over the years I have also staked, sold and optioned a “profitable” amount of mineral claims in many areas of Canada and I have made worthwhile discoveries due in part to remembering the lessons I learned early on.

Today I was in the field staking another mineral claim in Manitoba and enjoying teaching my girl how to use and axe to blaze a trail. So you see, once I got over the “fever” I learned that I needed to do research on the discovery history of an area, the geology, the geography, the infrastructure available and other features before I sold the shop to explore it in a serious manner.

Happy Prospecting

Wednesday, January 20, 2010

High Grade Gold Discoveries Continue in Manitoba

Being a prospector with a keen interest in Manitoba Canada and the search for gold in the province, I spend time keeping up with the exploration news in the province. The Rice Lake Gold Camp situated in the southeast region of Manitoba, is one of the areas that has recently witnessed the discovery of exceptional new gold deposits. These new discoveries are large in scope and are being made with a truly amazing frequency.

My past posts about the new Manitoba gold rush include Rice Lake Manitoba is alive with gold explorers posted on Sept 19, 2009 and Spectacular High Grade Gold Found In Manitoba, posted on Nov 23, 2009. The exploration work talked about in those posts continues. Recently the area has seen considerable more exploration activity that has lead to even more new gold discoveries.

San Gold Corporation, a Manitoba gold Miner and Explorer, has today, again released news of Impressive gold exploration results that include gold values of 1.07 oz/ton over a length of 40 feet obtained from diamond core drilling. At the same time, San Gold’s Rice Lake Mine continues to evolve with Higher Production Grades and Significant New High Grade Discoveries – including mining face samples of 909 g/t over 3m (26.5 oz/t over 10 ft). See San Gold press Release of Jan 20, 2010.

This news follows that published previously by San Gold on Nov 23, 2009 where they release news on drill core assays of 1787 g/tonne Gold over 2.1 meters at their New “007” Discovery. See San Gold press release of Nov 23 2009 for full details.

Discovery of gold deposits with values like those reported by San Gold Corp not only make for good mining, the numbers are such, that one would think that there is potential to create a new Gold Camp, or in this case, greatly enlarge an existing one.

The gold grades reported out of Rice Lake remind me of the discoveries and grades that made the Red Lake Ontario Gold Camp famous and lead to the discovery of gold deposits that created one of the highest grade and lowest cost gold mines in Canada. Considering that the Red Lake Gold Camp is just across the boarder, it isn’t a far reach to think that similar rocks in Manitoba have equally good discovery potential.

So what does this news mean to a prospector? For starters it means simply that not all the good stuff has been found and that less successful past exploration work doesn’t necessarily mean new gold deposits cannot be found. Heck in the case of San Gold past operators may have walked or driven over the areas of the new high grade finds, yet never unlocked the gold.

During the past few years my partner and I have staked mineral claims in and around the Rice Lake Greenstone Belt and I consider myself to be fortunate to have done so. Some of those properties have been sold to other better equipped exploration companies and exploration programs have recently commenced. This of course is great for a prospector; the claims get worked at a much larger scale, allowing us to work a few claims of our own.

Happy Prospecting

Saturday, January 09, 2010

Gold in Manitoba – Where to find it

The easiest way to find Gold in Manitoba is to visit a mine. But chances are that the owners will not want you poking around on their claims and they will most certainly not allow you to take away any gold – that is unless they let you buy it! None the less there is gold at the mines in Bissett, Lynn Lake, Herb Lake, Snow Lake, and in the discoveries near Red Sucker, Beresford and Island Lakes and at other locations. Gold that has been found by prospecting, plenty of work and in most cases has cost considerable sums of money to explore in detail and develop.

Although you cannot take gold from a known claim or mine, you can still learn something about how to find some of your own by studying how others have found gold and using what you have learned when you go prospecting.

If you are determined to prospect for gold, then the best place to start is by reading. There are publicly available Mineral Occurrence Files, geological and geochemistry information, past mineral claim work assessment files, company press releases, publicly available files on geophysical surveys and a host of other data available that you can become familiar with to use in guiding your activities. You also need to obtain a prospecting license, without it no claims for you.

Finding a minable gold deposit is not easy, while there is good information to help guide you, there are no sign posts that say dig here! Your success is going to be measured by your work effort and by your savvy, no work no zeal no gold.

In the most productive Gold areas of the province you will have to go out in the bush and stake a claim on ground not already claimed, and you do so by physically erecting marker posts and making a boundary through the bush, across bogs and swamp and over rock outcrops. That’s how you get a mineral claim in those areas. Important: Do not try and stake one where there is already a claim, that don’t work and no one is going to allow you to stake ground they have in good standing, thus before you start staking do your homework and find out if the area is already claimed or not.

Once you have a registered claim you have to do work on it and start looking for gold or other minerals. Just because you have a mineral claim does not mean you are rich nor those it mean your claim is good for anything other than a pasture for moose. You need to go out there, use your knowledge or that of someone experienced that you hire, and prospect the claim. Look for something good and perhaps find it.

Most, if not all Gold recovered in Manitoba, is not of the variety that you can obtain from panning in a stream. In Manitoba you are in hard rock country, meaning anything mined to date on a significant scale was found in rock and not as nuggets, dust or flour gold mixed into stream or bench sands. Gold in the province is typically of a lode type found in veins or as by-product in base metal deposits.

Your best chances of finding Gold anywhere is being able to obtain a claim next to a past mine or a recent gold discovery. Obtaining a claim in such an area is no easy task, because normally the surrounding land is well staked and claimed by others.

You could if your funds permit and after careful study and advice, explore for gold where no one else is working. This you can do as a hobby and providing you know your geology, you can prospect without staking a claim until you find something of value. After testing then stake a claim.

Prospecting means among other things, taking samples and having the same assayed to determine if the rock holds anything of value. Plain old rocks to a prospector are a pain in the behind; rocks that have demonstrated content of some mineral are an entirely different matter. The prospector loves ore grade (good mineral content) in his/her rocks, however most rocks do not favor the prospector. Finding good gold showings is not a common occurrence.

Yet it has been and is still being done. Chance favors the prepared mind and hard work can pay off. Remember if it was easy everyone would be doing it and gold could be worth a lot less.

Happy prospecting!

Manitoba gold properties available for sale or option. Located in the Rice Lake Gold Belt! 

Thursday, September 24, 2009

They are going gold prospecting in record numbers

The courier.com.au is running a story today with the title “New Gold Fortune Hunt Is On”.

This gold rush is taking place about 158 years after the first would be prospectors rushed in masses to the Ballarat's goldfields. Similar to the American and Canadian gold rushes of old, it was the appeal and the potential payoff that caused people for all walks of life to take a gamble for gold in Ballarat's goldfields.

Today with gold hovering around $1000 usd per once the number of prospectors heading to the region to try their luck has reached a high. It seems that the gold pan is being replaced by high tech metal detectors, some costing over $6,000 each, but the appeal of finding a few ounces or more still remains the same.

Ballarat's Mining Exchange Gold Shop owner Cordell Kent said the number of prospectors heading to the region to try their luck has reached a high.

"We are seeing prospectors on a daily basis," he said.

"A lot of local people are out prospecting but we are also seeing people outside the Ballarat region heading up into our gold fields."

"You could say we are 158 years into a continuous gold rush. It spikes quite often but there's always more interest when the price is up."

Mr Kent said though it required patience, gold prospecting could provide a lucrative pastime.

"We are blessed in Victoria with a lot of Crown land that has historic gold fields on them, so there's still a lot of surface gold to be found.
"We have had people who have found quite substantial dollar amounts of gold," he said.

$1,000 dollar gold is generating renewed interest in serious gold mining and exploration efforts around the world, from big name companies, so there is little wonder why both experienced and novice prospectors are trying their hand at finding some of the wonder metal.

The media continues to bring word of similar renewed prospecting activity in California, Nevada, the Yukon, Alaska and other goldfields in different parts of the world. It seems that Gold hasn’t lost its luster or its appeal, now with the rise in value; the metal is becoming sexier to more people.

South Australia-based Minelab Metal Detectors regional general manager Ian Aitken said the reinvigorated gold rush had contributed to a six- to eight-week delay in prospectors getting metal detectors, which cost $6150.

"It has been extraordinary, right through this year there has been high demand," he said.

"Once it (gold) kicked over the $1000 mark and kept going upwards, we experienced quite a high demand.

Like Mr Kent, Mr Aitken said once equipped, prospectors could gain substantial wealth.

"A lot of prospectors go to Western Australia for the winter and return for the summer," he said.

"There are a huge number of keen hobbyists, who can come home with five ounces of gold for their trouble."

The reliance upon and demand for gold detectors is interesting. We have to avoid thinking that they are a magic wand to riches. A good detector can help you find it, but it is usually also going to take hard work, sweat, a shovel and a gold pan or some other mechanical means for you to get the good pay dirt out of the ground, so that needs to be accounted for, when one heads for the gold.

The way I have this figured, for equipment, the grubstake and time it’s probably fair to say that one needs to count on a decent prospecting setup as being a $10,000 or more investment, if you are serious about going into the wilds (that have gold) and providing you have the time for 30 days a trip. Then getting 5 or more ounces a trip would not be too bad even better if it were 3 or 4 times a year.

Finding 5 ounces in a few days isn’t what normally happens; you just can’t walk along and pick the stuff up, so if you desire a good amount of ounces be prepared for more than a few days and be equipped, but above all go where gold is known to occur.

This is where the rubber hits the road, as they say; the allure of near immediate riches does stimulate us into action; however that often wears off and sometimes quickly. It is the willingness to “stick with it and work it” that has always paid the highest rewards.

Yet going out for a few days and getting some gold dust or nuggets for your troubles is a great hobby and a memory builder, and that can be very valuable.

Link to story referenced.

As always happy prospecting!

Tuesday, April 28, 2009

Gold Prospecting Still Survives

At a time with when paintings of doom and gloom scenes have more value than the earth's precious minerals and certainly have more value than the stock of many of the public traded companies. Good news is often needed to help us realize that all is not lost in the cow patty pile - otherwise known as the stimulated economy and troubles of today - that we accept as the rule of our times.

Good news is a rare commodity in our industry, in our times and in our situations, so when good news does come along, it should be shared.

Today comes news of aggressive new exploration plans and mineral property expansions, from a private Canadian mineral prospecting company. A company that is bucking the odds and doing what prospectors have been known to do, keep on locating and creating valuable mineral discoveries in all winds and weathers.

Isn't that good news in the prospector world? Maybe it should also be seen as good news in general, simply because there is hope that the entrepreneurial and discovery spirit is not lost in all the doom and gloom that we hear each day.

So What is EagleRidge Minerals Ltd is up to, let us have a look:

Company news release from St. Juliens Newfoundland and Labrador

EagleRidge Minerals Ltd is pleased to announce that it has acquired additional mining claims in the province of Newfoundland and Labrador. 78 claims (1950 hectares) have been staked to expand its Baie Vista property on the Baie Verte Peninsula, 130 new claims (3250 hectares) have been staked adjoining its St. Juliens copper project on the Northern Peninsula and 90 additional claims (2250 hectares) have been staked in the Little Bay area of Nortre Dame Bay.

With the addition of these new claims, EagleRidge has expanded it's Baie Vista gold project which now contains 183 mining claims covering 4575 hectares. The Baie Vista property is located in an emerging gold production area on the Baie Verte peninsula. The mining claims are also adjacent to historic base metals mines. This property adjoins the mining leases of the developing Anaconda Mining Pine Cove gold mine and is in close proximity to the Ramblers Metals Ming copper and gold mine.

The Baie Verte peninsula on the Island of Newfoundland is experiencing renewed exploration effort due to increased industry interest in precious metals. The large number of past gold occurrences and more recent platinum group metal discoveries has created a new focus of attention on the area.

EagleRidge views it's Baie Vista property as being a mineral property with excellent potential for the discovery of gold, platinum and base metals along with chromium and magnesium. The Dunnage Zone ophiolitic volcanic-hosted environments, in which new gold and platinum deposits have been recently found on the peninsula, also underlie the Baie Vista property. About 125 gold deposits have been reported on the Baie Verte Peninsula.

Historic data revels that at least 7 documented mineral occurrences exist within the Baie Vista property boundaries and numerous others exist within 50 – 1000 meters from the property boundaries. These include gold, copper, chromium and asbestos, minor silver and nickel indications are also documented. Company staff also made a new gold discovery of 3.8 g/t in late 2008 during a brief field examination. Gold values up to 5.9 g/t (soils) and 6.75 g/t (rock) are reported from past work on the property. EagleRidge will begin an exploration program on the Baie vista property during the summer of 2009.

EagleRidge has once again expanded the St. Juliens copper/ nickel property by acquiring more land covering numerous other base metal mineral showings and marble deposits to the west of the original claims. Based on research activities and the results of the 2008 VTEM survey the company moved swiftly to stake additional claims on two occasions. The St Juliens property now consists of 572 claims totaling 14,300 hectares in area.

EagleRidge continues to experience excellent exploration results, with samples assaying up to 22% copper, at St. Juliens and the company is preparing to start another aggressive exploration program in 2009. Staff and outside consultants are now busy interpreting the VTEM anomalies identified from the 2008 survey and are compiling data to complete the planning for intensified exploration efforts. The new St. Juliens claims add additional discovery potential for base metals and also provide an industrial grade marble deposit with historic reserves of over 40 million tonnes.

EagleRidge Minerals Ltd also staked a total of 90 minerals claims or 2250 hectares in the Little Bay area of Nortre Dame Bay. The company conducted research that revealed appealing gold and copper showings and acted quickly to acquire the land. These claims are staked over geology similar to that encountered at 32 mines developed in the highly productive Dunnage Zone of the Notre Dame bay area. The company is pleased to have acquired an excellent property in this exciting area.

Review of historic data for the Little Bay properties revealed mineral occurrences with copper grades up to 5.16%, gold up to 10.4 g/t and silver up to 2.5 g/t. The Little Bay properties will be explored in detail once planning is completed.Over 100 mineral occurrences exist within the northwestern Dunnage Zone, making this one of the most richly mineralized parts of the island of Newfoundland.

With these new property additions EagleRidge continues to build its property base and diversify the opportunity for discovery success.

Company website www.eagleridgeminerals.com

It is pretty simple is it not, go for it in thick or thin, be a prospector.

Wednesday, May 30, 2007

Where there is a Quartz Vein- Is There Gold?

There is a picture at the bottom of this page. It was taken on a newly staked mineral claim in the Rice Lake Greenstone Belt of Manitoba. It's a picture on a vein exposed on the surface in an outcrop on the shoreline of a lake. In that picture I am leaning on a section of that vein. It is composed of Quartz and a few other things. (assays will tell)

We were propecting a section of the property and discovered this. There are not a whole lot of places that you can see a vein this size that is exposed enough to get a real idea of it's size.

That feature was formed as the result of fluids flowing into a good sized crack in the host rock and it seems that it altered the rock into which it formed. There is a shear zone to the left.

Friday, May 25, 2007

Following the Boulder Train

Following the Boulder Train
This book is full of remarkable life histories of legendary prospectors who made fortunes but couldn't take enough time away from bushwhacking to enjoy them and of others who enjoyed them too much, making and losing so many fortunes they can't remember them all. The book offers memorable insights into the driven, obsessed world of mineral exploration and the mining industry in BC.

Editorial Reviews
Miningis BC's second largest industry but you'd never know it to visit any BC bookstore. Books on logging, fishing, and tourism are there in
abundance, but the subject of mining is practically untouched. As Tom
Henry proves beyond a doubt in this lively volume, it is not for any
lack of wonderful stories about the men and women who have been bitten
by the rock-chipping bug over the years. Henry ctually took a course in
exploration geology and experienced first hand the unique way of
looking at the world peculiar to mineral hunters. Every rock is an
"outcrop" with a story to tell about the forces that formed the local
landscape, and what mineral treasures may be hidden beneath.

This and other Gold Prospecting Resource Books can be found here

Note: This isn't a book about propsecting in Manitoba but minerals know NO boundries and this is a great read no matter where you propsect for gold, be it Russia, the Yukon, California, Manitoba, Newfoundland, Nevada or in any other place

Wednesday, May 23, 2007

Manitoba Mining Week

This is Provincial Mining Week in Manitoba.

If you are looking to Dig Up Some Fun check out the free activities down at The Forks in Winnipeg. These are activities enjoyed by children and adults alike. It's a real family exploration affair.

Thursday, May 24 (9:30 a.m. to 6:30 p.m.)

Friday, May 25 (9:30 a.m. to 8:00 p.m.)

Saturday, May 26 (9:30 a.m. to 6:00 p.m.)

Some of the activities

- Pan for gold with Yukon Dan, champion gold panner – leave no stone unturned as you play prospector for a day

- Stump the Rock Doc – bring a neat rock, talk to the Doc

- Be a rockhound – collect your own fossil and mineral samples

- Check out the equipment used for exploration and extraction of minerals

- See the demos – watch how the experts cut and polish precious stones

- Trace the past – see Manitoba's rich mining history from the 1800s to the present

- Examine mineral samples and the many products you use that contain minerals

- Test your mining I.Q. – spin the wheel, answer a question and win a prize!

- Picture yourself as a mine worker – have CVRD Inco Limited take your photo as a scooptram operator

- Enter free Draws to win prizes

- Talk with experienced prospectors from the Manitoba Prospectors and Developers Association Inc.

and Lots more.

Last year the Provincial Mining Week has a huge success. Thousands of people visited The Forks. For more information contact: 204-945-6569 or toll-free 1-800-223-5215

What a great way to learn about minerals and fossils and have fun at the same time!

Images from Mining Week 2006

Tuesday, May 22, 2007

Claim Staking and Prospecting Services

Finding a good claim staking and prospecting crew in Manitoba, that isn't totally booked up, is getting hard. That's why an experienced group has put together a crew offering the following services.

The Group

Central Consolidated Resources (CCR) is a privately owned Manitoba company based in Selkirk. CCR is provides a variety of services to the construction and mineral exploration industries . The company owners and staff have many years experience in general building, leveling - building moving and specialized construction.
CCR has assembled a crew of experience mineral prospectors, bush workers and office staff to provide services to the mineral exploration industry.

Mineral Exploration Industry Services

- Mineral claim staking.
- Claim filing including map - sketches, descriptions and GPS coordinates
- Base and grid Line cutting and setup
- Bush cutting for road or trail access
- Line renewal and picketing – chained, GPS
- Prospecting – rock and soil sampling
- Labor crew and equipment provision
- Job supervision and reporting
- Mineral properties for option or sale


Construction Services

- New building construction and additions - houses, cottages and shops
- Building renovations including lifting, leveling, joist and beam replacement or repair
- Foundation repairs or replacement, new foundations and basements
- Building – house, cottage winterizing – conversions
- Custom building and carpentry services
- Building moving and new site setup
- Remote and rural construction for buildings and camps
- Portable building sales and erecting - fabric or custom built wood – metal structures

Contact Information

Tel: 204-785-9995 Cell: 204-785-0331
Email: atlantol@yahoo.com

Thursday, March 08, 2007

Manitoba Mining History

This is the first in a series of posts presenting information on the History of Mining in Manitoba Canada. As Gold is a favorite subject of mine I choose to blog about Manitoba Gold Mining first. Recently San Gold Corporation (SGR) has reopened and modernized what was once known as the San Antonio Mine at Rice Lake, now known as the Rice Lake Mine and a second new mine known as SG#1. SGR is actively exploring for new deposits within the Rice Lake Greenstone belt and have been successful in finding several additional gold deposits and prospects within close proximity to the rice lake mine and the companies modern milling facility. With two mines already producing and success in finding new deposits the future for gold mining in the Rice Lake area looks promising.

Some History of The San Antonio Mine
From Manitoba Historical Society

In May 1910 E. A. Pelletier, of the Royal Canadian Northwest Mounted Police, resigned from the force and turned to prospecting, north and east of Norway House. While en route south by boat on one occasion he met Charles A. Bramble, associated with the Great Northern Gold Mines Limited (incorporated 1908) which held claims near the Hole River Indian Reserve-staked by Arthur Quesnel, Charles A. Bramble, Louis Simard, Allan Meade and John Potvin. Bramble told Pelletier of the favourable geological formation in the area, which prompted him to leave the boat at the mouth of Wanipigow (Hole) River, to prospect east to Wanipigow Lake. Next he worked south to the mouth of Manigotogan (Bad Throat) River where he met Arthur Quesnel at his trading post, and was informed of the mineralized areas along the river. In a very short time Pelletier discovered, staked the Ojibway claim and proceeded to Winnipeg to record the claim and organize the Ojibway Syndicate which included T. L. Cartwright, OF. L. Crosby, A. C. Gray, John Kitchen, W. A. Munro, J. W. Sifton, W. L. Roblin, G. OF. C. Pousette, and A. Murray S. Ross.

Returning to the claim with some mineral samples he had obtained in Montreal, Pelletier indicated to various trappers in the area what regions appeared favourable for the occurrence of gold. Travelling east along the Manigotogan River, after freeze-up of 1910, with a trapper, Alex Spence, he met Duncan Twohearts, an Indian trapper, who had some rock samples in his possession.

One of these proved of interest as it contained arsenopyrite, but it did not belong to the area in which Twohearts was working. However the Indian was attracted by Pelletier's sample and said he would keep on the lookout for gold quartz similar to what had been shown to him.

Pelletier and Spence continued their journey to (Big) Rice Lake where the latter had a winter camp. There Pelletier was impressed with the favourable appearance of the rock formation and spent a month before returning to the Ojibway claim. In the meantime Twohearts had sent some samples to Arthur Quesnel. When Pelletier saw these he thought so well of one particular sample that arrangements were made to investigate its source.

With two dog teams, a party set out from the Manigotogan post and at Turtle Lake the attractive sample of quartz was shown to Twohearts who said through an interpreter, Johnny Woods, "From Big Rice Lake." Twohearts and his son joined the party to proceed to (Big) Rice Lake and stopping a mile west of Spence's camp on the north shore of the lake, he pointed to where the sample has been taken but nothing except float quartz could be found.

Pelletier was desirous of finding a rock outcrop so he called on the men to gather wood to make a fire. The dogs were unhitched and tied up to rest; the party removed their snowshoes which were used to shift the deep snow. Next wood was set afire to expose the bedrock. In the meantime the usual bush lunch was prepared. When the outcrop was laid bare and while strongly heated by the fire, Pelletier had the men throw water on the rock. Quartz cracked off in slabs and its unweathered surface was exposed. Sulphides were found and on closer scrutiny visible gold was seen. The staking out of the Gabrielle claim followed on March 6, 1911 the holder E. A. Pelletier.

Some prospecting equipment was moved from the Ojibway claim and Pelletier with an assistant, Alex Desautels, began preliminary work. On May 17, 1911, Desautel staked out the San Antonio claim and on the following day, May 18, Pelletier staked out the Rachel claim. These were the beginnings of what is now the property of San Antonio Gold Mines, Limited. Returning to Turtle Lake, Pelletier had Twohearts make a birch bark canoe which he used later to transport several hundred pounds of samples from Rice Lake to Hecla on Lake Winnipeg and thence to Selkirk by a fishing boat.

Some years later Pelletier realized that he required financial assistance so he journeyed to Montreal to offer the property to the Timmins brothers of the Hollinger mine. Alphonse Pare, mining engineer, was sent to examine the claims and reported favourably but by this time Pelletier was averse to disposing of all the claims in one venture. Negotiations were discontinued and later Gabrielle Gold Mines Limited was formed by Pelletier. Stock was offered for sale in Winnipeg at 30 cents a share and the first advertising appearing in the Free Press brought the following comment in a day when the public were not quite so ready to venture as they were later:

"The sale of this stock by Fryer and Company caused considerable comment and much ridicule in Winnipeg, but there were a few so-called unbalanced people who with stealth and abandon bought a few shares from 50 to 100. But those purchasers did not want their names used or their friends to know that they had come to such a low level of financial hopes. However, the conservative statements of this first gold mining advertisement created interest as well as smiles. To strangers in Winnipeg the statements appeared of marked importance."

A new chapter was written into the mining history of Manitoba but Pelletier's property was then many years away from being a producing mine. Following the discovery of gold at Rice Lake, many claims were staked out in the area. Then came several years of fitful attempts at development in the area during which no prospect made a mine. Results so unsatisfactory cast doubt on the presence of gold in paying quantity.

The next chapter in the history of mining in Manitoba is concerned with since the coming into production of the Central Manitoba mine in the fall of 1927, which time there has been a steady production of gold from that area even though Central Manitoba mine had ceased operations in 1937, after mining gold ore to the value of $4,118,311.

The San Antonio mine adds to that chapter. As early as 1919 J. D. Perrin, now president of San Antonio Gold Mines, Limited, hired what is believed to have been the first aeroplane used in mining work to get J. B. Tyrrell out of the Rice Lake area after he had examined the San Antonio property. It was pretty much of an open air machine. A snow storm came on forcing Perrin and Tyrrell to turn back and later Tyrrell got out of the area by dog team.

In the development of the San Antonio mine three names stand out - J. D. Perrin, D. J. Kennedy, now deceased, but its first general manager, and John A. Reid, consulting mining engineer of Toronto. The successful position of the company today is the outcome of faith in the venture, efficient direction of its development and accurate deductions from geological study. The mine began production in 1932, and milled ore at the rate of 150 tons a day. It paid its first dividend in 1934 and has continued to do so since that year.

There were times in the career of the San Antonio mine that were discouraging. Financing was not easy until 1930, but D. J. Kennedy was convinced, as was his president, J. D. Perrin, that the mine had merits. At one time when finances were low and there wasn't enough money in the treasury to buy steel rails on which to tram with cars, Kennedy turned to an antiquated device the wheelbarrow an almost unpardonable offense in a gold mine to move the broken rock in opening up a high-grade shoot in the No. 16 vein.

The Timmins Brothers of Hollinger fame were induced to invest some money in the San Antonio mine. That was the turning point and from that time even if the mine had only 61,000 tons of $12 to $14 rock in reserve, the San Antonio went on producing. As yet it was a one vein (No. 16) mine when a second turn came in the tide of success with the discovery of the No. 26 vein in 1933, and an outstanding development followed in that year. San Antonio was no longer a struggling prospect. The daily mill rate was raised to 275 tons. But No. 26 vein had its day. It sparked the life of the mine in placing large ore reserves in sight rapidly and supplied the key for the planning of future developments. Veins such as the 36, 38, 40, 42, 50 and 54 have been discovered successively at depth while No. 16 continued its existence to the 16th level (2400-foot). At the end of 1948 San Antonio was pursuing development to a depth of 3.450 feet. Its ore reserves at the end of 1948 were estimated at 720,000 tons or enough for more than four years of milling at its present mill capacity, 550 tons a day. To the end of 1948 San Antonio had produced $22,311,164 in gold from 2,054,537 tons of ore. Dividends amounting to $5,839,838 had been paid.

About the north shore of Rice Lake there has grown a community which is a credit to the mining company and its employees alike. It is one of these tidy communities in which the homes, the school and the playground reflect the good feeling that animates those who work in the San Antonio's mine and mill. Removed some 125 miles from city life it lacks nothing that is desired in wholesome, healthy community life.
South-eastern Manitoba may he able to claim that it was one of the first areas in the Province to record the discovery of gold but it cannot claim to be the first gold producer.

The next post will cover more of the recent history from 1948 to present. More information on the Rice Lake and San Gold mines can be found on the San Gold Corporation Website