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More importantly, how is it I am not smart enough, at age 69, after 40-years of hanging on by fingertips through silver price ups and downs, to benefit from an outright sale, lease purchase option, joint venture option, to trade up from wool to silk stockings, by owning, outright, that is now coming back on the market, advertised —this way: ___________________________________________________________________________________________ Exposed argentiferous galena ore on the Win Claims, as collected for assay by the USGS, State of Alaska, Homestake Canada Mining geologists, and five professional consulting geologists, proven to an averaged length x width x depth, contains an averaged MEASURED value of: 1) 800,000 ounces silver. With the funding of a $3 Million drill program as mapped by a BC consulting geologist with an impeccable reputation, in a conservative estimate, allowing for pinching and swelling of the skarn zones of the surface exposures that contained 300 ounces to the ton silver stringers, continuing at least to 300-feet, at today’s prices, calculates the INDICATED value as, a difficult to understand, $540,508,973. ___________________________________________________________________________________________ As the price of silver has risen in a steady increase after a nineteen year long low, to today’s $18 per ounce, one projection is that funding another $1 million (and equipment brought in to build drill pads) to follow the Stanford University trained Economic Geologist’s recommended program — approved by the now defunct U.S. Office of Minerals Exploration (long before the U.S. Bureau of Mines was closed, and pressure started on “taxpayer mandated cost savings at the U.S. Geological Survey,” and Congress heading toward a big oil company style “resource” lease system of claims) of exploring the high-grade S1a cliff face (fortunately State of Alaska claims) by bootstrap contracting of an adit and raise to develop a cash flow to build a mill to process additional ore proven-up by exploration. Finally a prospect where the only thing negative could be stated was “remote location,” has become mineable, if he could find a small corporation of friends who realize that the way to wealth is to control their own financial decisions. In the past the owner of these claims was so motivated to prove these figures that he had been desperate enough to match the $3 million spent so far developing his 6,750 acre property, 167 40-acre State of Alaska claims, against that of a joint venture partner that could begin to earn 50% ownership by raising the money to complete the recommended drill program. Last August/September Geologist Daniel Cutchall explored the additional, recent findings of U.S.G.S. geologists —one who said to me personally, “When are you going to get your property drilled cause it’s almost embarrassing that a prospect that rated it’s own U.S.G.S. Bulletin (559) in 1968, was not drilled in 1970.” |
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