October 28, 2021 
 Thursday 
 
 

Forum
Topic:
Ideal Time for Facts

       

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 By bluejay

10/03/2021  10:27AM

Sorry for the typo blunder.

In the first paragraph below is, they are mandating all small businesses with ^ or more employees

should read:

all small businesses with 5 or more employees.

sorry
 By bluejay

10/03/2021  10:22AM

This could affect miner's paychecks

From Martin Armstrong

There is a serious issue that is secretly tucked away into the "Build Back Better"Budget Reconciliation bill that the Democrats are trying to impose upon all Americans. They are mandating all small businesses with ^ or more employees will by mandate take 10% of their salary and put this into a forced retirement account.

I have warned that for years, California has led the rally to seize all private pension funds and to hand them to CAL PERS because they are "already insolvent" when it comes to managing state pensions. I have pointed out that CAL PERS was ordered by politicians to invest in GREEN projects that all lost money.

Worst still, this seizure of 10% of your salary is already on TOP of Social Security. Among the lower classes, this will be devastating for they already pay more in Social Security than in income tax. What the politicians NEVER talk about is Social Security which they do NOT consider a TAX.

So ranging taxes of the rich are hailed as "equality" but it is the raising of Social Security "contributions" that impact far more people. Now on top of all of that, they are trying to sneak in a seizure of 10% of your salary. GROSS
 By bluejay

09/23/2021  11:33AM

From the website diamond.uk

The demand for rare earth metals is set to grow exponentially over the next few decades, as ambitious clean energy projects are being developed globally. However, most economies still find themselves relying heavily on imports from China. At present, China produces roughly 77 per cent of the world’s supply of rare earth elements. The rarest rare earths, particularly those used in permanent magnets, are primarily sourced from ion adsorption clay deposits, or laterites, formed by tropical weathering of rocks such as granite and syenite in Southern China.

Looks like clay is a primary environment that the rare earths are formed in or are attracted to. I have ownership in a diamond explorer in the Northwest Territories that drilled into clay that had rare earths in them in a semi-remote area.
 By blueBasket

09/22/2021  5:54PM

Hi,
Have any of the mines been surveyed for rare earth elements (REE) and other related minerals?
I was reading December 2020, American Legion Magazine and found out where REEs are used.

They are used in manufacture of "cellphones, flat panel tvs, hybrid engines, computers, light bulbs, lasers, magnets, batteries, MRI equipment, fiber optics and super conductors. Each F-35 aircraft contains 919 pounds of Rees. They are used in M1A2 tanks nav system, in the tomahawk, in satellites, comms gear" etc.
 By Michael Miller

08/12/2021  10:18AM

Yes, timber Harvest Plan was under construction but canceled. Log prices and finished lumber prices are not related. Our log price would not cover the harvesting price we would get.

Reports have circulated about the five largest saw mills and how each has raised the cost to the stores. Also a large amount of timber is standing from fires over the past. We will thin our trees both for revenue and health and fire prevention when economic
 By cw3343

08/11/2021  11:37AM

Thanks for sharing thoughts on Greenville! Awesome country through the feather river canyon. The highway bridge above the rail bridge, jarbo gap, Tobin.

Are there any plans to harvest logs from OSTO land holdings? Might as well get some cash from it now, as it will probably burn anyway (from Govt mismanagement, not global warming)
 By Michael Miller

08/06/2021  10:56AM

A pioneer of the 1970’s dramatic change in gold mining became a lifelong friend. Norman coauthored an early book titled “Gold and Black Gold”. Investors, speculators, economists and most people interested in finances knew about oil, the Black Gold. Gold had been off the radar pathway for decades. Norman Lamb knew. He was more than an author. He entered junior gold mining life as a gold miner and a transfer agent for the juniors. This is how I met him as I also entered the gold mining arena in 1974. His Securities and Registrar Company became our transfer agent until he retired.

I visited him many times after he moved to a small California town a three hour drive north of Alleghany. Norman knew stuff about most of the junior gold companies. His reports, stock certificates and experiences are unequaled. I also ran political and financial ideas by him. Norman chose to live near his most treasured copper deposit, a community called Greenville. His library would get the highest five gold star rating. A terrible event occurred two day ago. Following is a heart tormenting account form another of Greenville’s residents.



Greenville

My defiantly quirky, beautiful adopted hometown turned into a ghost town last night. There are so many things I could tell you about Greenville. There were over a thousand people and change, though the population sign still said 2,000.

We all have an opinion. About everything. We are a microcosm of America and often frustrated with each other. Greenville is filled with do-gooders volunteers, retirees, hippies, bikers, and rednecks, ranchers, cowboys, Natives, and people who never felt like the town they were born in was quite the right fit for them. We were extended families and single moms and dads. We were drunks. We were sober. We tried not to be too judgmental lest someone judge us back. We were recent survivors of Paradise too.

We were an island of misfit toys and we liked it like that. Everywhere in the country there are people not getting along anymore because of differing political perspectives, but in Greenville there flat out wasn’t enough of us to take sides. You had to have each other’s backs anyhow whether you agreed with someone or not.

We plowed each other’s driveways, taught each other’s kids. We let each other off the hook with just a warning. And because there were very few jobs in town, we all saw each other in Quincy, in Reno, in Susanville, in Chico and looked over at each other with that look that says you are one of us.
We are an ornery bunch not afraid to tell you what we think. We argue about the education of our kids so much we had two systems. We chose to live here when we could have moved to more convenient places.

I remember when I moved here 19 years ago, pregnant with my son. I visited Quincy and Chester and decided Greenville was it. It was arguably the most beautiful, and every morning when I woke up and looked outside at Mount Hough I thought wow, I must have done something right in my life because I get to live here in all this majesty. In spring when the daffodils come up I’d imagine Julie Andrews twirling on Stampfli Lane singing ‘the hills are alive…” because it felt that magical.

I never once regretted moving here and as a city girl I learned mountain things that taught me resilience. I can make do with things. I became a better cook since there weren’t all that many options to eat. I finally learned to knit here. Because of Greenville I took on trying new things.
I raised two chi
ldren here and knew what they were doing even when they didn’t want me to know. And my kids brought me home plenty of other kids to take care of too.
I loved Greenville’s stubbornness and tenacity, its characters. It was most definitely a place all its own.

And now the bulk of it is gone. Some of us will have the stamina to rebuild and some of us will not. Some have insurance. Some do not. Our historic buildings are gone. Our newer ones gone too. To live in Greenville was to live history. You couldn’t escape history. Generations of families grew up here and came back again and again.

In southern California where some of my family has been migrating back to for college and work, I’ve run into more people who’ve been to Greenville than I imagined was even possible.

Everyone mentions its beauty. Its friendliness. Its characters. Our little thrift store bankrolled countless kids scholarships and provided so many retirees a great social hour or two. We accept you as is, no matter how strange or weird you are. We like weird.

We were small. We were mighty. We were fiercely loyal even if it didn’t do us any good. And we loved seeing each other in Evergreen Market, even if it meant spending an extra half hour chit chatting away.

For some reason tonight I’m thinking of the Festival of Trees at Christmas time and kids making crafts. I’m thinking of the American Legion Post that comes out for everything. I’m thinking of Little League games at Greenville Park. I’m thinking how people cared about the children of this town, long after their own children had grown up and gone. I’m thinking of Mavis and Brad Smith’s Carousel. I’m thinking of the street dance at Gold Diggers. I’m thinking of all the rituals big and small that made us a special place to be.

We love you, Greenville. With all our broken hearts, we love you.
 By bluejay

06/16/2021  11:54PM

From Science Daily - January 2020

No need to dig too deep to find gold!
Why are some porphyry deposits -- formed by magmatic fluids in volcanic arcs -- rich in copper while others primarily contain gold? In an attempt to answer this question, a researcher from the University of Geneva (UNIGE) investigated how the metals are accumulated over the time duration of a mineralizing event, looking for a correlation between the amounts of copper and gold extracted from the deposits. Not only did the researcher discover that the depth of the deposits influences the quantity of metals produced but also that over 95% of the gold is lost to the atmosphere through volcanic emissions. In short, the deeper a deposit is, the more copper there will be, while gold-rich deposits are closer to the surface. These findings, which are published in the journal Nature Communications, will provide valuable assistance to companies that mine these metals.

Geological processes produce different kinds of deposits. Porphyry-type deposits are formed underneath volcanoes by an accumulation of magma that releases fluids on cooling and precipitates metals in the form of ore. "Precipitation is the extraction of metals from the magmatic fluid and their fixation in an ore," explains Massimo Chiaradia, a researcher in the Department of Earth Sciences in UNIGE's Science Faculty. These porphyry deposits, which are found mainly around the Pacific Ring of Fire, produce three-quarters of the natural copper and a quarter of the natural gold mined. "A copper deposit can contain from one to 150 million tonnes, while the quantity of gold varies from ten tonnes to 2,500 tonnes per deposit," continues Chiaradia. But will a copper-rich deposit automatically be rich in gold? And how can we tell where the largest deposits are located?

The depth of the deposit is crucial

The Geneva-based geologist used a range of statistical models to analyse two hypotheses: either the magmatic fluids have varying amounts of metal from the outset or the fluids are identical but it is the effectiveness of the precipitation of the metals that influences the quantity of copper and gold. "I quickly saw that the first hypothesis wasn't right, and that the answer lays with precipitation but with differences for gold and copper related to the duration of mineralisation," explains Chiaradia. "The longer the mineralisation time, the richer the deposit will be in copper. And for the mineralisation to be as long as possible, the deposit must be deep -- 3 km from the surface -- to guarantee a certain degree of insulation and a long magma life."

Chiaradia observed that less than 1% of the gold is captured in the ores in the deep copper-rich deposits. On the other hand, in deposits located at a depth of up to 3 km, the rate climbs to 5%, "which is still very small, because over 95% of gold always escapes into the atmosphere." In fact, although gold escapes extremely easily in volcanic emissions, "it is retained more in shallow deposits where a separation takes place between the liquid and the vapor, which helps its precipitation," points out Chiaradia. "In the deeper deposits, however, liquid and vapor form only a single fluid phase, which precipitates the copper quickly and makes the gold leak into the atmosphere as the fluid rises to the surface."

Gold is found on the surface, while copper is found at depth

Recent studies have shown that the demand for copper is increasing to such a degree that it will outstrip its availability in natural and recyclable reserves within a few decades. This means that new exploration methods are needed to help find new deposits. And for the first time, these results clearly distinguish two types of porphyry deposits and explain the different ways they are formed. The first, which are very deep, promote the mineralisation of the copper over a long period, while the latter, which are closer to the surface, produce more gold. "It's a valuable indication for the mineral exploration industry, which now knows at what depth it will find large deposits of copper, or conversely large gold deposits, irrespective of the volcano," concludes Chiaradia.
 By cw3343

03/26/2021  4:02PM

"placed surveillance cameras on mine property."

Sounds like a good way to get shot. It would be the result in several other Nor Cal counties, that is certain. Private property is a no-go zone... SSS (shoot, shovel, shut up)
 By bluejay

03/17/2021  10:50AM

Are you aware that under the Denver airport there exists a completely equipped city to handle 100’s and 100’s of Government and other well connected rich people?
 By bluejay

03/17/2021  10:44AM

Has anyone considered that the recent interest has nothing to do with gold?

You think it might have something to do with the miles of tunnels in the mountain and the nearness of a serviceable landing strip?
 By fredmcain

03/12/2021  4:52AM

Group,

I would like to add a new warning to our shareholders here. It has come to my attention that there are some people offering to buy your shares at 50¢.

They make this sound like a GREAT deal. It is not. It's a terrible deal and a rip-off.

The direction our country is headed in not good. Gold is going to go ballistic. Then someone or some big company is going to "discover" our mine.

Shares could easily soar to $10 or more.

My advice is the same as Warren Buffett's. Buy and hold.

Buffet says that when you buy shares in something you become a partner in the business. He adds that the best length of time to hold a security is "Forever".

Regards,
Fred M. Cain,
Topeka, IN
 By Michael Miller

02/11/2021  11:49AM

“The entire ocean life is just loaded with a series of contaminants, most of which have been released by human beings” says Roger Payne, biologist with Ocean Alliance and reported by Arthur Max, Associated Press writer. The study analyzed cells from sperm whales. The report noted high levels of cadmium, aluminum, chromium, lead, silver, mercury and titanium. Payne makes a fairly tight argument that these contaminants are “the single greatest health threat that has ever faced the human species.”

Further research was urged to the whaling commission. If Mr. Payne’s recommendation is to locate and mitigate the introduction of the mineral pollutants, hooray. If all that is wanted is more research of the sea life, boo. Anyone claiming that these mineral elements or chemicals could be “horrific for both whales and man” must place his energy directly to containment of the pollutant and not more research.

I’m not critical of the report or its important discoveries, yet it brings to mind some current misguided demands of people regarding arsenic in the Sierra Nevada Mountains. Of note in the newspaper article is the absence of finding arsenic as a serious contaminate. Normal levels are arsenic have beneficial effects of life. To all interested in the environment: please embrace HORMESIS as an important part of scientific research. Dosage and duration belong in all serious discussions. Grow up and embrace the true scientific approach to complex environmental issues. Precious money continues to be wasted on ideas with little or no benefits. Our venerable company is under attack.

The water permitting blunders committed by carelessness, ignorance or on purpose, (however great the mistakes made), cannot be so great as it would be not to recognize that someone has been in error; however ugly they may be, mistakes become elements in development for future business. Blunders were made.
 By Michael Miller

02/13/2020  9:40AM

While doing research on this website (NEWS Topic) an article on page three caught my eye. Following is a short part of the article:
SUMMARY OF WORLD WIDE MINING - By Michael M. Miller 04/18/2003.
Click it for some solid history relevant for today's mining.

"Since all of our mining properties are located in California, much of this survey has limited value; however I conclude my summary with the following observations. The respondents consider regulatory duplication and inconsistencies as a strong deterrent to exploration investment greatest in Russia. California is the third worst location only above Russia and Wisconsin. California ranks third from the bottom regarding environmental regulations, slightly ahead of Washington and Wisconsin.

A statistic worth intellectual pondering was a mathematical table of respondents who indicate factors that encourage exploration investment. A comparison of the percentages found in the column for "Mineral Potential Assuming Current Regulations" and "Mineral Potential Assuming No Land Use Restrictions" places California as the geographical political entity surveyed with the highest percent difference between the two columns at 68%. Go figure.



It will prove helpful for individuals considering an investment in remoter or exotic lands to have at least a base understanding of political stability, infrastructure, labor relations, regulations and restrictions. For me, it is only a tangential interest. One undeniable truth about a mining company is it cannot move its mineral deposit to a more favorable location. I like California, especially now that most mining companies view the state near the bottom of desirability. Mister Pocket, we're breaking rock to find you."
 By cw3343

11/15/2019  7:19AM

I was not aware that the Pelton wheel was invented in Camptonville - and that is awesome that the mine has the first one (or at least the first numbered one)! Thank you for sharing that bit of trivia.
 By Michael Miller

10/31/2019  6:56AM

A pleasant surprise to find moments ago! Alleghany was without power since Saturday. It was just restored. The surprise is this new topic. Yes on installing water power. Permitting is not an issue. The head from our spring to Kanaka Creek, a 760 foot drop in elevation, creates very high water pressure. Also all facilities will be on private patented land.

The time for this is now.

Mister Pelton invented his Pelton Wheel in Camptonville, about 40 minutes from the mine. Our Company has a Pelton Wheel numbered “one” at our mine site. It is in place installed years ago.

Growing document-able interference in our business relationships continues diverting our attention, such as the installation of solar and water power. With the help of you, let’s find the equipment and build our own electrical energy. Sixteen has been green before it became fashionable and will continue.
 By fredmcain

10/30/2019  12:03AM

I, too, have wondered why we can't generate our own electric power especially with a significant perennial creek running right nearby.

Perhaps an older, second-hand water turbine and generator could be found.

It would be economical and pay for itself within a year or two. A big plus would be that you could hold yourself up as being "carbon free" since water power produces no CO2 emissions. Surely that would help please some of the environmentalists.


Unfortunately, I have no idea what the permitting process would be like. Probably a nightmare. Both the State and the U.S. Forest Service would have to approve this.

How did the mine generate its electricity back in the old pre-REMC days? Surely there were no power lines back in there before 1930.

Regards,
Fred M. Cain
 By Minerrick

10/29/2019  1:04AM

New member of your forum, huge fan of your mine. A pelton wheel is a great idea for power, although I don't know how much of your stuff it will run. And you may get some sort of credit to do solar as you have a great location for that, too.
 By Miners Son

10/28/2019  1:48PM

Maybe its time to re-consider the Pelton Water Wheel to generate electric power independent of PG&E full or partime as needed.
 By fredmcain

10/16/2019  5:28AM

Who's crashing the website? Hmmmn, let's see. Could it be a "rabbit" or a "hare" perhaps?

-Fred M Cain

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