Showing posts with label Gold. Show all posts
Showing posts with label Gold. Show all posts

Monday, January 18, 2010

Contacting FREEWEST SHAREHOLDERS

who are not members nor read any major message posts, should if they wish their NO VOTES tallied, please contact Serge Brunete at a   dedicated email account for that purpose: ffom@live.ca.  This msg is brought to you as a service of the RING Of FIRE Mining Camp Blog, in the interest of facilitating fair offers freely arrived at, for all shareholders in Ring Of Fire Companies, and specifically FREEWEST Stockholders.

Stock in companies who would fail to realize their value in finance and stock markets are the ones who suffer most, when the Investing Public fails to become fully aware of their share in the profits available to them.

Explorers in the RING of FIRE have found  deposits chrome, copper, nickel, paltinium, diamonds, palladium, gold and silver that bear serious investigation to determine their true value, which, IMO, would be prematurely terminated by immediate acquisition. I find myself more in favor of joint development but that is not a model often used, but worthy of consideration.

Monday, January 11, 2010

Thats not polite to use those words in public, might scare the horses......!!!

BIDDING WARS !  Yes Virginia, someone actually said that out loud in this article @ :Reuters "BIDDING WARS" article.

  A brief scan and read of the M & A activity for the last year, would indicate that "Daddy" CLIFFS might be in for rough sledding even as much snow as they have in Webeque, Ontario, as they try to lay in enough votes to take down FREEWEST RESOURCES.   CLIFFS is clearly bigger than FREEWEST, but like a possum getting ready to grab some nestlings out of a tree over bayou, a possum is so bigger, but the Bayou is BIGGER, and harbor to hawks and alligators so any misstep will not only loose them this prey but perhaps cause the possum to be eaten.   Now no one expects CLIFFS to pay possum but if there is one group not playing possum its the FREEWESTFAIR OFFER MOVEMENT, which is working on
closing in on enough votes to send CLIFFS Back to the drawing board as the move to secure mining assets heats up.  No one knows what will happen if CLIFFS fails to get the giant chromite deposit of Black Thor, but we do know FREEWEST will go one exploring, since apparently there is a ' Beast of a Nickel Deposit" directly in their area.  Whether its copper, nickle, platinum, palladium, chrome, diamonds, gold, silver or other stuff that is held in the Iron Triangle grip of FREEWEST, FANCAMP & Big Daddy JV, the action in the
RING is catching FIRE
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Sunday, January 10, 2010

What is happening, what it means

Norilsk (Krasnoyarsk kray), flagImage via Wikipedia
Norilsk I mine (medvezhji Ruchei, 'Bear creek', 6km south of Norilsk)
Atokite Bornite Cooperite Godlevskite Millerite Platinum Sphalerite Stannopaladinite Taimyrite Vysotskite.

Platinum



Large intrusions such as in the Norilsk almost always have an extrusive component. This means the magma breaks the surface. Not far from Norilsk this happened. Here you see the impressive Putorana mountains. A tremendous formation of basalt, which takes about 1 hour to fly across. Rivers and ice eroded over 600 meter deep canyons in this so called basalt trap.



OK so here is what we have, and what we know:


News Release for drilling on BIG Daddy, Jan 7, 2010






SPIDER


Neil Novak, President of Spider Resources Inc. states: "We are extremely pleased with the consistency of the drill results we are receiving from the Big Daddy Chromite Project, that are all typically in excess of 40% Cr2O3 over very good widths. The discovery of the nickel mineral godlevskite is intriguing, particularly as its' source is considered proximal to Big Daddy, perhaps within only a few hundred metres."




SPIDER
A sample of the sulphide mineral selected for petrographic analysis was determined to contain an alteration assemblage of minerals including godlevskite (Ni9S8) along with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin (director of Spider Resources Inc.) states: "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation", Dr. Franklin continues "this explains the very high Ni contents, as it contains nearly 60% Ni."


Another part of the SPIDER NR reads : "- Hole 33, after passing through 11.0 metres that averages 40.29% Cr2O3, entered a narrow nickel sulphide filled fault zone that averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd over 1.0 metres. A sample selected for petrographic analysis as determined to contain a low temperature alteration assemblage of minerals including godlevskite along with veinlets of mackinawite which infer a possible nearby primary nickel source."




NORONT
Discovers pentlandite in its discovery hole in 2007.


NORILSK
Godlevskite and pentlandite found in orebodies.


VOISEY'S BAY
Pentlandite found in discovery hole




   So now the SPIDER - KWG - FREEWEST Joint Venture which contains Big Daddy, has a suspected complex that contains godlevskite,and indicates it may flow into a terminal resorvoir of nickel, either in the that series of claims, or Freewest, or Probe, or Fancamp.   Now CLIFFS has 19.9% of KWG, none of SPIDER, and some of FREEWEST, but knows exactly all the metalurgy that has been ongoing with FREEWEST's  claims.


  Logically speaking, it is more likely than NOT that the Nickel is traced.  To the East, the length of the claim to the east is about 1 KM, so the Nickel could be the "beast to the east" or "go west".  While I cannot discern any actual transit routes, given the NE to SW direction of the layout of the chrome deposits, IF the Nickel lie in the same trending, it could well end up on Fancamp's Claims.  All guesswork at this point, unless you have the inside track with a geo or diamond driller out there in the James Bay Lowlands Bush.


   By this point I think it reasonable to assume that all the Majors are sitting up and paying close attention, as
well as CLIFFS is no doubt tuned into FREE  WEST RADIO, and getting a looud and strong rejection signal.


   Whats it going to be:  Copper ?  Silver?  Chrome ? Diamonds ?  Nickel ?  Platinum ?  Palladium ?  I guess there has not yet been any coal, phosphates, oil, nat gas, or potash discovered there yet, but needless to say, none of that would surprise me.


  Who knows what :  Every major, every resource writer, all the juniors and staking stampeders, all know what has been revealed as found in the diamond drill cores.   At some point the "Voisey's Bay Syndrome" of not entering competing bids will fail to hold, and just like OPEC, the guys who want the advantage the most will start the bidding for all these companies.


   What we know:  That there is a lifetime deposit of Chrome on FREEWEST property.  We know that the same minerals discovered in Voisey's Bay, and Norilsk are present in the RING of FIRE.   We know that Neil Novak, pHD, CEO of SPIDER, thinks that there is a source of nickel "nearby", refering to hole#33.


   As a speculator, rather than a geologist, as a strategist, rather than a fundamental analyst, I would say the leading Prospects here, are Probe, Freewest, KWG, Spider & Fancamp, for finding Nickel and other minerals in economically feasible quantities and situations, here in the RING of FIRE.  My guess is that there is much lots of volume here as the BIGS start to move into this area to hedge their bets long in the metal sector.  All but FREEWEST are dark-horse candidates, but quite intriguing.

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Saturday, January 9, 2010

Today they call them Explorers, in the past they called them STAMPEDERS


as they followed from strike to strike, trying to lay in the BIG CLAIM, once DISCOVERY CLAIM had been hit.

   In this case, since Voisey's Bay attracted all kinds of people from presidents to pond life, its not surprising that many who missed in VB, were determined to hit the NEXT BIG ONE.

    A very experienced Geologist once said to me, "When they take the core out, sometimes the specimen is too obvious to be able to hide what it is."  And at that point, you know the word is out ! ! !

  I am exactly sure that is what ran thru Richard Nemis's mind when he saw the core containing Pentlandite from the hole of  the Double Eagle Strike "THIS IS THE STUFF THEY FOUND IN VOISEY's BAY ! ! ! "

  Now that SPQ has pulled a core of "GODLEVSKITE" from its latest sampling that is located within several hundred meters of the surface of Big Daddy, their JV with FWR  & KWG, they noted its rich nature, as it could contain a maximum of 64% Nickel  ->  Look here :Web Mineral Site.  This mineral is found in Norilsk, as was Pentlandite, [ 34%  Nickel][ which alerted Prospectors Sparks and Verbiski  in VB], as well as the Texmont Mine now owned by Fletcher Nickel which shares some people with KWG.

  Here is the part of the release that is going to make things a bit more interesting:

"- Hole 33, after passing through 11.0 metres that averages 40.29% Cr2O3, entered a narrow nickel sulphide filled fault zone that averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd over 1.0 metres. A sample selected for petrographic analysis as determined to contain a low temperature alteration assemblage of minerals including godlevskite along with veinlets of mackinawite which infer a possible nearby primary nickel source."

    Well it is obvious we have some very, very intense minerization, some of which is found in Norilsk and Voisey's Bay, and its OUT now, so I wonder if we dont soon see the RING Catch FIRE.

    So, chrome, nickel, copper, platinum, palladium, gold, silver and diamonds are all found in proximity to the RING of FIRE, as well as FREEWESTS huge find, BLACK THOR, BLACK LABEL and now the Joint Venture holding BIG DADDY of SPIDER, KWG & FREEWEST, is tracking a river of nickel.  We really have no idea what might happen next............
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Monday, December 7, 2009

WORLD CLASS in the RING of FIRE




Thats what we have here in the RING of FIRE, World Class. Chrome deposits thick, long and rich ? PGE's ? Cu ? Ni? Rare Earths ?

NO ! WHOA there buddy! !, IT's Mac-HAMMER !!

I am talking about a more serious quality that that!

Lets talk about the guy who held the fused bottle of smoking nitro, and calmly did exactly what he said he'd do, Mac Watson..

Piloting FREEWEST thru the straits and rapids, blind channels,and shoals.

Smart enuf to team up with CLIFFS a couple years ago, he brought FREEWEST the offer that now has been just the opening round in what will be a Battle Royale.

Withstanding the slings and arrows of outrageous fortune, and gracious to all,

IMO, Mac is a world class act. "CLASS" popularly defined as "that element of grace and taste and elegant manner of style and action". He is standing tall, and will, IMO, exit smiling with his shareholders.

Its not a stretch to see his "grace under fire", as the mud-slinging falls wide of the mark, and hear his humanity as he says such is expected in this struggle.

Any of us in his position would do as he has or worse, and sad for the miscreants who attempt to sully his name, as what goes around comes around by a factor of 3X.
It wont be that long in coming.
I dont see Mac getting fitted for a halo, in fact I want to see him with his hands wrapped around a chip hammer, working in the field for the New Freewest, or ink stains on his hands from the maps running wet, in the field. Give the man some credit, give him some space and above all, give him some time in the field when this is over, he'd like that.

Enough said. As MC Hammer would say about Mac "Cant touch this ! "

When its all over, he'll be known as "Mac-HAMMER" !!!!

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Sunday, December 6, 2009

Poll Results



In short -> 56% of the responders think that the next "Big Thing" is not yet known !

44% think that the Next Big Thing is already known.

88% want CASH, the rest, Participation.

Respondents want the explorers to look for Chrome, PGE,s & CU / NI

No one thinks FREEWEST is over priced.

I think that most of these reults weren't surprising at all.

Again, I go back to the responders / readers being informed and aware. !

As you see I composed the first verse of the "12 WEEKS OF TAKE-OVER", which I repeat here : " On the 12th week of Take-Over, the RING of FIRE gave to me, 12 Juniors staking."

The RING is hot, getting press at BNN, FORTUNE, and a number of other mainstream venues, plus the serious Mining Journals and Publications. Given Ontario's huge size and huge mineral wealth, it IS surprising to see HOW LARGE a Mining Camp might
develop from these activities, as you have the DEBEERS VICTOR Diamond mine on the EAST, the GOLDCORP MusselWhite Mine on the WEST, and lordy knows how many deposits to the SOUTH. Probably the whole thing is OPEN TO THE NORTH.

Now those who have traveled in the Arctic, Africa, or places say other than Europe, you must get used to mind-numbing distances, that seemingly arent shown on the map, you are the victim of the "Mercator Projection", which describes its features in this quote from Wiki :"Like all map projections that attempt to fit a curved surface onto a flat sheet, the shape of the map is a distortion of the true layout of the Earth's surface. The Mercator projection exaggerates the size of areas far from the equator. For example:

* Greenland is presented as having roughly as much land area as Africa, when in fact Africa's area is approximately 14 times greater than Greenland.
* Alaska is presented as having similar or even slightly more land area than Brazil, when Brazil's area is actually more than 5 times that of Alaska.
* Finland appears with a greater north-south extent than India, although India's is the greater..

So now we know why it takes SOOOO long to go places that dont look that BIG. OK

So now we know the distances. Nakina, Ontario, on Route 11, is probably 200 miles S.of the RING, in basically unroaded territory. Bulk minerals whether concentrated or not will require heavy rail transport to infrastructure facilities at Nakina, Thunder Bay or Sudbury. Rail thru territory like this has been accomplished by strong but not heroic efforts where RAIL was the only heavy transport option. Ontario, Canada's Federal Government and numerous First Nations communities are committed to reducing poverty through good jobs. So far plans for human facilities in Northern Ontario are on the Agenda of all three of these groups, therefore lending a strong positive dynamic for development of the mineral assets in the RING of FIRE. Balanced against the distances, the human imperative seems to be to more forward especially where there has been successful precedent.

Right now the RING of FIRE is a HOT development just opening the tiniest tickle in the consciousness of investors and manufacturers in Ontario and Canada. It can only get bigger.

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