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A Walk Through a Cemetery in France

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Bob Moriarty
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May 14, 2016

After hearing the comments from Russian President Vladimir Putin to the UN in September of 2015 I realized it was time for me to try to write the book others have been telling me I needed to write since 1970, about my experiences in war.

Putin’s speech said things no American politician would dare discuss. He talked about America’s disastrous policies in the Middle East.

“But how did it actually turn out? Rather than bringing about reforms, an aggressive foreign interference has resulted in a brazen destruction of national institutions and the lifestyle itself. Instead of the triumph of democracy and progress, we got violence, poverty and social disaster. Nobody cares a bit about human right, including the right to life. I cannot help asking those who have caused the situation; do you realize what you’ve done? But I am afraid no one is going to answer that. Indeed, policies based on self-conceit and belief in one’s exceptionality and impunity have never been abandoned.”

I did the book in three weeks. After all, I have been writing it in my head for 47 years. All I accomplished in three weeks was to finish typing it. I surprised myself; it was better than I thought it would be.

Then I tried to figure out how to get it into print. The natural publisher seemed to be the Naval Institute Press. After all I was the youngest Naval Aviator in the Vietnam era and flew some 832 missions in combat. I sent them the first twenty pages and a cover letter detailing my background at the first of November. I figured it would take them a week or so to get back to me and by then I’d be about finished. I completed the book and I’m still waiting to hear from them. Time passes at the speed of molasses in winter in the publishing business it seems.

A 321gold reader, who is also an editor, emailed me from Japan, and we polished the book and I figured I should self-publish, at least on iTunes and Kindle format. While I’ve been an Apple aficionado since Christ was a corporal, I found working with Apple to be far more work than it was worth. On the other hand, working with Amazon to put a book into Kindle format was about as hard as falling off a bike. Once the Kindle version was up, I thought I would give CreateSpace a shot at making a paperback version.

Much to my astonishment, Amazon can print one paperback book at a time through CreateSpace. There is no minimum order for books to be printed. That’s handy. If you go to one of the many self-publishing houses and have to place an order for 1000-3000 books in order to get the price down for a hardback, you will find yourself waltzing around stacked boxes of books to get to your bed.

You can have the greatest book in the world and post it on Kindle and CreateSpace but before you do you need a cover. For the first printing of my book we used a picture of an F-4B with some napalm canisters in front of it. I put the book up, got some sales and a few people didn’t like the cover.

Today you can make a major change to a book or its cover in a day. It took me longer. I went to a site that offers custom designs from hundreds of artists from all over the world. I wanted something that showed not only the tools of war but the cost as well. It was handy but the entire process took about two weeks to get and judge the potential cover.

The design I chose showed an F-4 dropping bombs over a jungle at the top and a military cemetery at the bottom. Neither the government nor the actual military ever want to show their citizens what the real costs of war are not only in gold but also in blood. So you never see a heroic war film set in a cemetery when they all should be. I was quite happy with the 2nd cover. The $399 I paid for the design was well spent.

In November I needed some peace and quiet to type the book so I called in a marker from a friend who had offered the use of his retreat in The Alps. I stayed in the snowy mountains for almost a month working. Somehow I managed to capture not only the end of fall but also the beginning of winter. It was pretty nice.

In early March I took a vehicle from England to my mountain hideaway. The trip was about 600 miles and even with the great roads in Europe it was too far for a one-day drive. So in advance I made up my mind to stop for the night near Reims east of Paris. I went to booking.com and fed in my location and asked for a nearby B&B. It found one, highly rated, near my location at a good price. I was driving down this tiny country road west of Reims when I came across a giant military cemetery.

Since I had only finished the 2nd cover of the book a week or so before and knew how easy it was to change the design, I stopped and took a lot of pictures. Then I walked through the well-tended cemetery. As I strolled I read each of the grave markers. The graves were of young men from 17 into their 30s. They all died in early September of 1914 at the start of WWI.

3rd cover

Most people will still remember what ignited WWI but they probably have forgotten or never knew the nuances of how the war actually began. Obviously there was the assassination of Archduke Ferdinand and his pregnant wife on June 28 of 1914. Austria-Hungary intended to use the incident as an excuse to attack Serbia. Russia supported the Serbs so they mobilized, then Germany mobilized, so France mobilized to support their ally by treaty, Russia. England made it clear that they would back France in case of war and they mobilized as well.

Germany believed they could end the pending war with a swift victory over the French and British troops in France. They invaded Belgium and bypassed the French forts guarding the border with Germany. All of a sudden the entire world was at war without anyone in particular to blame when in fact everyone in general was responsible.

If the stupidity of yesterday sounds a lot like the stupidity of today, perhaps there is a reason. Nato just launched a “missile defense shield” in Romania ostensibly to protect Europe from Iranian missiles fired at it. Unless Nato knows something utterly unknown to the rest of the world, Iran has no conflict of any sort with Europe. Not content with just infuriating Russia, the US seems determined to create as many powerful enemies as possible in the South China Sea where they continue to ignore Chinese warnings to avoid what China considers their territorial waters.

In 1648 to end the Thirty Years’ War, the countries of Europe agreed to a new concept of sovereign nations in an agreement called the Treaty of Westphalia. That is, every nation had a right to self-defense and secure borders without outside interference. Later international doctrine such as the Nuremberg Trials determined that wars of aggression were the “supreme international crime.”

Under the Bush Doctrine the concept of independent and secure states was turned on its head with the US claiming a new right of preemptive warfare against anyone who might ever be an enemy of America. Should Russia and/or China claim a similar right of preemptive self-defense, they could feel justified on a first strike against the US and be at least as legally justified as the US attacks on Iraq, Iran, Afghanistan, Pakistan, Somalia, Sudan, and Libya.

It’s hard to imagine the carnage involved in a World War. My walk through two French cemeteries from the opening days of WWI brought that home to me. The crosses lined up as far as the eye could see. As you walk down a row and inspect what are but forgotten names now, a hundred years later, you cannot help but wonder what life would have been like for those young French soldiers with the ribbon of their lives clipped all too early.

The Germans closed within 30 km of Paris. If only they could capture the city, the war would end. But a stupid German general, and are there really any other sort, disobeyed his orders and turned to the southeast to chase down a faltering French army on the verge of collapse. His actions opened a 30-mile gap in the German lines. The French were quick to take advantage. Meanwhile the British general in charge of the British forces needed a swift kick up the backside to rush his men into battle.

In what was called the Miracle of the Marne, the French put together a fleet of six hundred taxis to rush fresh soldiers to the battle. It was little more than a symbolic gesture but isn’t war little more than a collection of symbolic gestures? The tide turned, the Germans retreated and began digging trenches for a new style of warfare unknown in history.

The battle was significant for a number of reasons. It ended the concept of cavalry charges across open ground since machine guns could slaughter hundreds of men in minutes. It began trench warfare that lasted another four years. In the first half of September 1914, the French lost over 100,000 soldiers. They [the French] lost 1.3 million during the entire four years of the war and lost 7.5% of that total in a two-week period.

One of the cemeteries I walked through was filled with some of those men. It was moving. War costs not only money but also blood. WWI bankrupted the UK, destroyed the Russian Empire and caused the Russian Revolution, ended the Ottoman Empire and the Austria-Hungary Empire. No one really won. No one wins any war. But everyone loses. All that matters is just how much damage you have done to your own country by participating in a stupid war.

Many scholars of war agree that the harsh terms of the Treaty of Versailles signed in 1919 directly led to the rise of Hitler and WWII. So a war begun over something as simple as an assassination of a minor royal figure ultimately led to the deaths of 17 million in WWI and 60 million in WWII.

I called my book The Art of Peace. It can be ordered from Amazon in either Kindle format or paperback for either $14.99 or $19.99.

It’s the story of a young man going to war and his feelings about war in the hindsight of fifty years of history. It’s a pretty good book. I’m proud of it. You don’t need to read the book to understand just how I feel about stupid wars. Just go spend a day walking through a military cemetery and you will know exactly my feelings.

Article source: http://www.321gold.com/editorials/moriarty/moriarty051416.html

Hiding the Elephant: Fort Knox’s Vanishing Act

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Kal Kotecha PhD

In one of Harry Houdini’s finest moments as a magician, he made a 6,000-pound, Asian elephant disappear – into thin air. Billed as the “world’s most incredible conjuring illusion”, Houdini swept onto the stage at the New York Hippodrome in 1918 and proclaimed “allow me to introduce Jennie, the world’s only vanishing elephant.”

The elephant was then escorted into a large colored cabinet. The doors were closed. The stage was set and the drum roll began. Moments later, with a flourish, Houdini flung open the doors of the box. Six thousand pounds of elephantine flesh had vanished into thin air. The crowd went wild.

In the years that followed, Houdini presented that trick to wide-eyed audiences of a million and more. Magic historian, Jim Steinmeyer, exactingly chronicled this – and other – conjuring tricks in “Hiding the Elephant”, an exposé of stage illusions.

In 1933, with America five-years deep into The Depression, the stage was set for a magic act of unprecedented proportions. History shows a wicked warlock at work.

On March 6, 1933, Executive Order (EO) 6073 was passed by Franklin Delano Roosevelt (FDR), the 32nd President of the United States in an attempt to solve the dire banking crisis. Executive orders have been around since 1789, allowing Presidents to issue legally binding orders unilaterally, without the consent of Congress. During his Presidential tenure, from 1933 to 1945, Roosevelt would issue 3,728 Executive Orders. This was his third and it was a doozy.

Just two days after Roosevelt was inaugurated as President, he proclaimed a “banking holiday”. From and including Monday, March 6, 1933 to Thursday, March 9, 1933 no bank “would pay out, export, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever of any gold or silver coin or bullion or take any other action which might facilitate the hoarding thereof…” Sold to the American people as an attempt to control speculation and regulate interest rates, he closed America’s banks, thwarting customers from withdrawing their paper money holdings or converting their holdings to gold.

With a swish of his magic wand, Roosevelt mastered “complete control over America’s banking system”, expanding his Presidential powers exponentially in the process.

In his first “Fireside Speech” (which burned the backside of many Americans) on March 12, 1933 Roosevelt declared “Let me make it clear to you that the banks will take care of all needs, except, of course, the hysterical demands of hoarders, and it is my belief that hoarding during the past week has become an exceedingly unfashionable pastime in every part of our nation. It needs no prophet to tell you that when the people find that they can get their money — that they can get it when they want it for all legitimate purposes — the phantom of fear will soon be laid. People will again be glad to have their money where it will be safely taken care of and where they can use it conveniently at any time. I can assure you, my friends, that it is safer to keep your money in a reopened bank than it is to keep it under the mattress.”

On June 16, 1933, EO 6073 passed into legislation as the “Emergency Banking Act (EBA)”. After only 40 minutes’ debate in the House of Representatives, with an unknown author and no printed copies available for members of the House, the Bill was passed swiftly and without due process. The wand was waved again.

At the time, Congressman Lundeen, appalled at the reckless lack of due process involved in the passing of this Bill said “I want to put myself on record against procedure of this kind and against the use of such methods in passing legislation affecting millions of lives and billions of dollars. It seems to me that under this bill thousands of small banks will be crushed and wiped out of existence, and that money and credit control will be still further concentrated in the hands of those who now hold the power…. I am suspicious of this railroading of bills through our House of Representatives, and I refuse to vote for a measure unseen and unknown.

Meanwhile, Executive Order 6073 paved the way for Executive Order 6102 on April 5, 1933.

This Executive Order (EO) made it a criminal act to possess gold coins, gold bullion and gold certificates within the continental United States and ordered that the hoarded gold be delivered to the Government on or before May 1, 1933. The official price of gold was raised from $20.67 to $35/ounce.

Although it is unknown just how much gold was confiscated by means of Executive Order 6102, numbers suggest that by January 1934, there were 195.1 million ounces and 227.9 million ounces by August 1934.

The Government had to have some place to hoard the confiscated gold. So, Executive Order 6102 paved the way to Fort Knox. The U.S. Treasury Department began construction of the United States Bullion Depository (USBD) in 1936. Completed in December of that year, at a cost of US$560,000, the Gold Vault sits in a 109,000-acre Army enclave in Fort Knox, Kentucky.

The U.S. Mint states that 147.3 million ounces of gold are now tucked into Fort Knox. Guarded by Apache helicopter gunships and tucked into a bunker with a bomb-proof roof and thick granite walls, you’d think that 147.3 million ounces of gold would be safe in the vault. While Treasury officials insist that the “gold is all there”, why the resistance to a public audit? Congress begs off, saying it will cost US$60 million to test the gold. Other figures bandied about suggest US$15 million. Other so-called experts contest both figures, stating that an independent audit and assay could be conducted for as little as US$15,000.

More nefarious are that the numbers don’t add up…and never have. In his article The Great American Disaster: How Much Gold Remains In Fort Knox?, dated August 27, 2010, Chris Weber states that, at their peak in 1949, the Fort Knox reserves reputedly numbered 701 million ounces – 69.9% of all the gold on the planet. The latest figures reported by the U.S. Mint state that 147.3 million ounces of gold are now tucked into Fort Knox. Treasury subsequently downgraded this figure from 264 million ounces of gold, a decline of 79%! Lucy, you got some ‘splainin’ to do.

Clearly, the road to – and from – Fort Knox is paved in gold and not-so-gold intentions. Tales of pillaging, profiteering and skullduggery abound at the crossroads of Bullion Boulevard and Gold Vault Road. Masked interlopers didn’t rob the USDB. Reputed to be the second most secure place in the world (as reported in The Blogington’s post of September 21, 2010), the video cams, armed guards, attack helicopters, armored personnel carriers, and 30,000 soldiers guarding Fort Knox guaranteed that.

For over 50 years, while domestically it was a crime to hold gold, there is little doubt that well-heeled Americans – and America’s enemies, operating offshore, were able to procure gold at the bargain basement price of $35/ounce.

Not surprising that Fort Knox’s 22-ton door is locked to an audit. For almost 40 years, no visitors have been allowed in the grounds of the Gold Depository. Considered one of the eight most secure places in the world, we’re not getting in for a sneak peek anytime soon. In the last recorded “audit”, in the early 50’s, a group of Congressmen and Senators were taken on a quick tour of Fort Knox and allowed to peek into a few vaults. They reported seeing “orange-hued gold bars”. Lucy, you got more ‘splainin’ to do.

In his article “The Great American Disaster: How Much Gold Remains In Fort Knox?”, Chris Weber outlines details about the one “audit” of Fort Knox, as follows:

The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. Thus, the new President ordered an audit within hours after taking office.
The central problem was that it wasn’t much of an audit. To sum it up:
1. Representatives of the audited group were allowed to make the rules governing the audit. No outside private experts were allowed.
2. Those government bureaucrats involved were inexperienced in their tasks, by their own admission.
3. The entire audit of the largest gold hoard ever concentrated in history lasted only seven days.
4. Only a fraction of the gold was actually tested. Later, the officials put this fraction at just 5%.
5. Based on that fraction, the official committee reported that, in their opinion, all the holdings would have matched their records if they’d all been tested.
6. If the audit was accurate, the fact remains that almost 80% of it went overseas in the coming years. If the audit was not accurate, the amount of gold lost could have been even more.

On September 23, 1974, Mary Brooks, the Director of the United States Mint, led a tour of members of Congress and the news media through the USBD. There was no audit or inventory of the gold and no other public “inspection” has been allowed since then.

Why won’t the Mint comment about how much gold is there? Perhaps the acid test is not so much as what has happened to the gold in Fort Knox; but rather is there gold in Fort Knox? And if so, how much…..or how little?

In a feat worthy of The Great Houdini himself, the Fort Knox gold may be the World’s Greatest Vanishing Act ever.

Source: Wikipedia-executive order 6102

Kal Kotecha PhD
Happy investing!

American Lithium corp. Executing Large Scale Strategy

NEW YORK, NY / ACCESSWIRE / May 11, 2016 / American Lithium Corp. (TSX VENTURE: LI) (OTC: MNIKF) is developing a lithium brine project in Nevada with world-class potential, approximately 25 km from Albemarle’s Silver Peak (the only commercially producing lithium project in North America). American Lithium Corp. is the subject of a Mining MarketWatch Journal Review. The Company is executing on a large-scale strategy having assembled 100% of the entire heart of Fish Lake Valley structure (over 10,000 acres) that is believed analogous to the neighboring Clayton Valley structure (home to Albemarle, Pure Energy Minerals, and Lithium X), both valleys have similar hydrothermal enrichment models. American Lithium’s Fish Lake Valley Project is advanced-stage and lithium values are encouraging enough for the Company to start to delineate the resource in the sediments of the brines, how big this gets is where things get interesting; the project exhibits hallmarks of major lithium resource presence with the footprint, scope, and scalability that will allow the Company to create a large critical mass presence — something the market is thirsting for as global industrial manufactures look to ensure they have adequate domestic supplies of lithium to satisfy growing demands.

The full Mining Journal review may be viewed at http://miningmarketwatch.net/li.htm online.

The Company is spearheaded by an experienced management team that is no stranger to major success, having individually employed well-timed visionary big-picture strategies at other companies. The team behind LI.V now was part of the same group that that were involved, long before the current lithium rush ever happened, with Pure Energy Minerals in its early-days; Pure Energy was recapitalized and advanced its flagship to resource (PE now hosts an inferred lithium resource of 816,000 LCE). Other past successes include major oil sand projects (e.g. Osum Oil Sands Corp. which attained a multi-billion dollar market cap) — In short, American Lithium shareholders are in solid hands of people that are proven, technically savvy, responsible, prudent and plan with large-scale in mind.

American Lithium Corp. has ~28.43 million shares outstanding (post recent C$2 million financing), ~35.7M fully-diluted. The market cap is miniscule relative to the potential and the current share price presents an opportunity for shareholders to reap large returns as the Company advances to de-risk the Fish Valley Asset this Summer-2016 and prove its resource merit. Li values at the Fish Lake Valley Lithium Project to date are comparable on par with those found at projects in Clayton Valley such as Albemarle (Silver Peak) and Pure Energy Minerals, more importantly the values are at a much shallower depth of almost from surface to 140 feet. By focusing initially on the shallows the Company will aim to advance/re-risk the Project quickly and relatively inexpensively, then as encouraging results come in, potentially turn the shallows into a resource/reserve and move out deeper.

This Spring-2016 American Lithium Corp. announced the acquisition of the different pieces that make up the Fish Lake Valley land package that encompass the entirety of key structures of the South and North bowls, which contain the lithium-rich laden brines, and where gravity data shows distinct gravity lows. Previous owners included project generators that had been holding on to these coveted assets individually, waiting for the right suitor capable of meaningfully advancing the project with a cohesive strategy — American Lithium now has 100% control via 100% earn-in interest, with initial principal consideration already issued and development plan in place to attain 100%.

A robust hydrothermal enrichment situation exists in Fish Lake Valley:

Neighboring Pure Energy has developed a model in Clayton Valley whereby Li concentrations are hydrothermally enriched along different fault lines, and so too, similarly, has American Lithium Corp. from the data collected at Fish Lake Valley. Past explorers of the two bowls in Fish Lake Valley approached from differing focus/perspectives; the south bowl playa and surrounding area was explored for the most part structurally (chasing other minerals), mapping structures in the process. The north bowl playa had been explored mainly peripherally (in the shallows, around the main body of the basin) for Lithium with great success, however past operators were not in a position to develop or explore further inward. American Lithium Corp. has the wherewithal to advance this to fruition and has the advantage of combining the data sets from both past explorers (which relate directly to each other) and correlate it to the understanding of the enrichment model that Pure Energy has proven.

The North bowl playa (7,840 acres):

The valley fill sediments are thought to be 300 to 600 meters (985 to 1970 feet) thick at Fish Lake Valley based on the borehole and gravity data available. Data extracted from the 43-101 Technical Report on the Fish Lake Valley Lithium-Brine Project, November 30, 2015 indicate Lithium in sediments ranging in concentration from 116 ppm to 1040 ppm (average 540.7 ppm), boron from 110 ppm to 4070 ppm (average 1772 ppm), potassium from 0.7% to 2.24% (average 1.53%), and magnesium from 0.35% to 6.37% (average 2.09%). Sodium is abundant on the property with values ranging from 0.47% to >10% (upper detection limit). Brines tested to date also contain anomalous concentrations of the above listed elements, with lithium ranging from 0.81 mg/L to 150 mg/L, boron from <1 mg/L to 2670 mg/L, potassium from 30 to 13300 mg/L, and magnesium from 0.116 mg/L to 41.5 mg/L. In all, approximately 1080 meters (3545 feet) of direct push drilling was completed within 41 holes drilled at 25 sites. Depths probed ranged from 13.11 meters (43.01 feet) to 47.24 meters (154.99 feet). In addition 42 brine samples have been collected from hand held auger holes and surface waters. The property has proven to contain economically interesting lithium/boron/potassium brine mineralization. Important to note is that there is near total absence of magnesium in the brines, which is excellent as high levels of magnesium are problematic (costs go up significantly) when it comes to a production scenario due to its similarity to lithium.

The South bowl playa (2,882 acres, A.K.A. the ‘Atlantis’ claims):

The entity vending the Atlantis claims to American Lithium Corp. made the decision to acquire Atlantis after a review of geological mapping that showed the presence of lithium-bearing rocks in the ranges draining into the Property, and historical ground gravity data that showed a distinct gravity low in the heart of the Atlantis claims. The gravity low was interpreted as a strong indication for the presence of a sub-basin that could host lithium-bearing brines. Dr. John Oldow’s more detailed gravity survey work in Esmeralda County in recent years better defined the historical gravity low as a deep, sub-basin, which led to the staking additional claims at Atlantis in January 2016, to expand the Property. Geophysical exploration at Atlantis in the form of additional gravity and electromagnetic surveys would assist in determining if conductive brines might be present at depth, followed by exploratory drilling of interpreted geophysical targets. As part of a regional lithium exploration program, the United States Geological Survey (“USGS”) reported in Open-File Report 81-962 (1981) that historical drill hole FL-11a is located outside the eastern boundary of the Property, approximately 3 miles (4.5 kilometres) east of the centre of the interpreted sub-basin. Hole FL-11a was drilled to a depth of 450 feet (147 metres) and encountered lithium values in sediments ranging from 10 parts per million (“ppm”) to 115 ppm and averaging 61.7 ppm for 67 samples analyzed. Lithium in sampled ground water ranged from trace at the end of the hole to 21 ppm at a depth of 55 feet (18 metres). American Lithium believes that drilling deeper holes at Atlantis within the area of the interpreted sub-basin could intersect aquifers potentially hosting trapped brines with higher contents of lithium than were encountered in the relatively shallow USGS hole drilled to the east of the gravity low anomaly. Also reported in USGS Open File Report 77-54 (1977) were the collection of 10 surface brine samples with lithium contents ranging 37 – 350 mg/l (ppm), averaging 159 mg/l (ppm), to the north of the sub-basin.

Summer-2016 Development Plans: We anticipate American Lithium Corp. will follow through with a development program in the range of US$1 million – $1.5 million for its Fish Lake Valley Lithium Project; building out ~3 – 4 miles of roads further into the playa (cost ~$15K/mile), and following additional ground gravity surveys, the team will probably set up a sonic drilling program, which is the most cost effective way (relatively inexpensive) to get the samples geologists need from the sediments. The team should be able to keep to under 5 acres of disturbed land, thus avoiding major permitting issues. The team will also conduct brine recovery, and evaporating testing. In short, the team will hone in on structures and sweet spots. A fault system has already been mapped leading directly through the claim blocks.

Brine is by far the easiest and lowest cost type of lithium resource to process (compared to rock and clays), generally easier to explore, has a small environmental footprint, is faster to put into production, and requires less capital.

The full Mining Journal review may be viewed at http://miningmarketwatch.net/li.htm online.

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Estimates of potential made by the mining analyst and journals are non 43-101 and not from the Company. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned.

Contact information:

James O’Rourke, Editor
Mining MarketWatch Journal

editor@miningmarketwatch.net

SOURCE: Mining MarketWatch Journal

Source: Accesswire IA (May 11, 2016 08:09:00 EDT)

News by QuoteMedia

www.quotemedia.comOn May 11, 2016, at 10:35 AM

Westkam Reaching its Target

Kal Kotecha PhD

When I look at prospective companies to invest in, one important trait that I seek is consistency. I look for consistent improvement in the company’s financial statements, consistent innovation or deployment of best practices, and most importantly in the junior mining sector; I look for consistency in reaching the targets the company sets for itself across functional areas. Working largely with speculative resources, junior mining companies need to implement a level of stability to their operation by setting targets and timelines and reaching them within reasonable margins of error. WestKam Gold Corp. has achieved this stability through its diverse property resources and commitment to reaching operational goals.

WestKam Gold Corp. (TSX.V – WKG) (“WestKam” or the “Company”) is a Canadian gold exploration company focused on developing the 100% owned Bonaparte Gold Project Near Kamloops, British Columbia. A veteran of the industry, the Company was incorporated in British Columbia on October 2, 1984 as Consolidated Goldwin Ventures Inc. Effectively on April 30, 2012 the Company changed its name to WestKam Gold Corp., which coincided with a significant change in management and direction. The Company’s strategy is to identify, acquire, explore and develop precious and base metal deposits amenable to low production costs and high operating margins, focusing on properties with low entry level costs. WestKam has delivered consistent progress since its managerial change, implementing a successful exploration program, a drill campaign and identifying additional resources outside of its initial discovery zone. This has been achieved while maintaining effective relations with nearby First Nations tribe Stk’emlupsemc te Secwepemc Nation.

Announced in November of 2015, WestKam intends to raise up to $1,954,000 by way of a non-brokered private placement of units (the “Offering”) and flow-through units of the Company at a price of $0.03 per unit. The proceeds of the Offering will be used to conduct a Phase II work program on the Company’s Bonaparte property, to repay outstanding debt and for working capital and general corporate purposes. Phase II expenses will primarily be directed toward an expansive underground 220m drill program on the Bonaparte property along with legal and accounting costs, marketing, rent and office costs, consulting fees and management fees.

WestKam currently boasts a share price of $0.04 – an increase on its original offering price of $0.03 per unit in November 2015. As noted by the Globe and Mail, “WestKam Gold Corp. shares have gained 60% year to date. Shares have outperformed the S&P TSX by 44.58% during the last year” (The Globe and Mail, 2016). The increase has coincided directly with gold’s stellar performance in the first quarter of 2016, which has benefited many junior mining companies. Recently gold prices have fluctuated but we expect the price to rebound and remain firm across the year, catalyzing junior mining companies such as WestKam with it. This is affirmed by Michael Armbruster, founder at Altavest who suggests “gold is likely to benefit from some key “tailwinds.” Those tailwinds include central banks moving to negative interest rates and investors looking to diversify into alternative investments due to heightened U.S political uncertainty and mixed messages from the U.S. Federal Reserve” (MarketWatch, 2016). As has been the trend historically, stalwart gold succeeds during times of uncertainty, and the currency, market and political fluctuations all point to smooth sailing for investors of gold and its compliments.

WestKam Gold Corp. – 3 Month Share Performance

westkamgold

(The Globe and Mail, 2016) Consistent growth in share price across 2016

The Company has a history of marketing success both in its mining yields and in properties themselves. The last bulk sample that WestKam sold fetched nearly $150,000 for 161.950 Troy Ounces. Even more impressive, several members of WestKam’s management, including President & CEO Matt Wayrynen, team have had significant success in past mining ventures. As Director of his last venture, Quinto Mining, Mr. Wayrynen helped raise millions of dollars and advanced a Quebec iron ore property to a viable project. Quinto Mining sold to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175 Million. Later, Consolidated Thompson was sold to Cliffs Resources for nearly $5 Billion, thanks in large part to the efforts Wayrynen forwarded to advance the Quebec property. These marketing successes align directly with the theme of consistency that has pushed WestKam and its Bonaparte Property forward in recent years, and without doubt, history is the best predictor of future behavior.

The Bonaparte Property consists of diverse resources across its area, which are defined as the “Discovery Zone” and “Cooler Creek Zone”. Within the Discovery Zone, which is the area that has been primarily explored since 1984, a 3,425-ton bulk sample from one of the high grade vein systems produced a grade of 26 g/t Gold (0.75 oz/ton Gold). Within the Cooler Creek Zone, which is the area drilled and tested in 2015, a new vein assayed 7.88 g/t Gold (0.253 oz/t Gold), 38.4 g/t Silver, 0.33% Copper and 28.6 g/t Tellurium over 1.0 meters. The diversity in resources of the still relatively unexplored property posits a major advantage for the Company and its investors in that it can look to extract and sell these individual resources, or the property at large to a major mining company, based on timely conditions presented by the market.

bonaparte-property
Map of WestKam’s Bonaparte Property

Looking at the map above, it is important to note the additional mining entities in the region. Specifically, New Gold Inc. operates its New Afton Project, an open-pit gold and silver mine, within an hour of the Bonaparte Property. New Gold Inc. is working toward its growth strategy by achieving “[E]xternal growth through additional value enhancing merger and acquisition opportunities” (New Gold, 2016). The logistical and resource advantages that the Bonaparte Property can deliver to New Gold Inc. indicates potential for a merger or acquisition to occur. Due to the average grade at the New Afton Mine, Weskam’s high grade gold deposit would be a great fit helping to enhance New Afton’s average grade. This would significantly enhance WestKam’s share price – a clear win for all stakeholders involved.

WestKam’s enduring consistency in reaching targets and timelines since 2014 gives me confidence in their capacity to continue to reach their goals and produce positive results for shareholders, capitalizing on the bull gold market we are experiencing. Beginning in 2014, WestKam implemented a series of programs designed to exploit the full potential of its Bonaparte Gold Project. These programs are highlighted as follows:

2014 Exploration at Bonaparte

• The 2014 exploration program was completed in November 2014, advancing both of the property’s key targets:
o Shear-hosted, high-grade gold mineralization in quartz veins (Discovery Zone), and
o Bulk tonnage, porphyry copper-gold target
• The 2014 field program included mapping and prospecting, 3D IP and magnetic geophysical surveys and soil geochemistry
• The Voltera 3D IP and ground magnetic surveys produced information that substantially extended the strike length of the high-grade Discovery gold zone trend and a multi-phase intrusive

thediscovery
The Discovery Zone and intrusive target occupy a small
portion of the large Bonaparte Claim block

2015 Drill Campaign at Bonaparte

• The 2015 drill exploration program was completed in October 2015, representing an important follow-up to the results achieved in 2014
• Key objectives of the program included:
o Evaluate high-grade gold intercepts in the “Discovery Zone” along the Grey-Jay vein system at depth and along strike
o Evaluate historical and anomalous Cu-Au soil geochemical results overlying IP chargeability and resistivity anomalies

2015 Drill Campaign Achievement

• Upon testing, the drill exploration program identified a large new target area called the Cooler Creek Zone
• Drilling encountered veins in granodiorite with the same type of mineralization as the Discovery Zone
• The hole assayed 7.88 g/t Gold, (0.253 oz/t Gold), 28.4 g/t Silver, 0.33% Copper and 28.6 g/t Tellurium over 1.0 metres

WestKam Gold Corp. is prepared to act on the results of its 2015 Drill Campaign by conducting Phase II of its work program which, as highlighted earlier, will consist primarily of drilling in 2016. The Company is operating in a favourable market for gold with fluctuating political and currency conditions and gold prices not seen since in 30 years. This suggests that there is potential for a major mining company to purchase the property to fully extract its resources and capitalize on gold’s pricing boom.

For investors looking to diversify their portfolio by adding a junior mining company that will achieve stock success as a complement to gold over the year, the enduringly consistent WestKam Gold Corp. (TSX.V – WKG) is worth a serious look.

Works Cited

“New Gold Inc. – Company Information.” New Gold Inc. Web. 05 Apr. 2016.

“The Globe and Mail – Stock Quote.” The Globe and Mail. Web. 04 Apr. 2016.

SAEFONG, Myra. “Gold Scores Biggest Quarterly Gain in Nearly 30 Years.” MarketWatch. Web. 04 Apr. 2016

MGX Contractor Completes Capex Report for Lithum Carbonate Plant

2016-05-09 09:58 ET – News Release

Mr. Jared Lazerson reports

MGX MINERALS RECEIVES INITIAL CAPEX REPORT FOR LITHIUM CARBONATE PLANT

MGX Minerals Inc. has received the initial capital expenditure (capex) report for a lithium carbonate production plant from engineering consultant Cementation AG. The capex budget is the second part of the previously received initial process design and scoping study (see press release dated April 14, 2016).

MGX engaged Cementation AG to analyze extraction of minerals from the heavily mineralized brine within the Fox Creek and Swan Hills areas, which are part of the company’s portfolio of Alberta lithium properties. Cementation AG formulated a detailed initial capex budget based on quotations from potential vendors in addition to applying in-house expertise and experience. The capex plan provides a positive basis for the company to proceed with engineering of an initial 20,000 bpd (barrels per day) lithium carbonate production plant.

Scoping study highlights

Further details of the proposed process and production plant design are provided as follows:

  • Reduction of production time of lithium carbonate by greater than 99 per cent over current traditional brine production — one day versus 18 months;
  • Multiple end market products including lithium carbonate, sodium chloride and calcium chloride with potential for addition of boron and bromine production;
  • Strategic sourcing of reagents and energy to reduce input costs;
  • Application of energy-efficient technology to significantly reduce potential operating expenditures (opex);
  • Utilization of existing oil and gas infrastructure and expertise to reduce capex and opex.

The study includes flowsheet recommendations and operational expenditure (opex) calculations to process lithium-bearing brine of 20,000 bpd (barrels per day) in a commercial plant. The process is designed to rapidly separate brine minerals to produce various industrial mineral compounds. The study also includes a metallurgy testing protocol. MGX is currently evaluating metallurgical laboratories for bench testing of the proposed process. As a result of the positive capex report, Cementation AG has provided a six-month engineering and development project plan to follow metallurgy testing for the detailed engineering of the proposed lithium carbonate plant.

Alberta lithium properties

MGX has staked or entered into purchase agreements to acquire a 100-per-cent undivided interest in 24 metallic and industrial mineral permits throughout the province of Alberta encompassing over 1,150 square miles (300,000 hectares). These permits were acquired based on compilation of historic exploration for lithium by the province as well as oil and gas well data and known geology. The permits are all geological associated with current and past-producing oil fields.

Qualified person

This press release was prepared under the supervision and review of Andris Kikauka, PGeo, and vice-president of exploration for MGX Minerals. Mr. Kikauka is a non-independent qualified person within the meaning of National Instrument 43-101 standards.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.

Cardiff expects increased oil shows at Clayton No. 1H

 

2016-04-27 10:08 ET – News Release

Mr. Jack Bal reports

Cardiff Energy Corp. is providing an update on the status of the Clayton No. 1H well following successful acid treatment. As previously announced on March 30, 2016, the Clayton No. 1H was treated with 19,000 gallons of acid in nine intervals which encountered the highest hydrocarbon shows during drilling.

The reservoir responded extremely well to the treatment; strong pressure was encountered in the well with numerous gas kicks and fluids flowing to surface. The next step was to install a pump to begin pumping off the completion and drilling fluid. The completion team estimates that roughly 3,000 barrels of fluid needs to be removed from the Clayton No. 1H before significant oil cuts will be encountered. To date, over 1,000 barrels have been removed, and, during the next 10 days, the completion team expects to see increased oil shows and to be in a position to prepare the well for commercial production. Once production stabilizes, the company will be in a position to report a flow rate.

To learn more about the company and the drilling of the Clayton No. 1H horizontal well, please visit the company’s website.

The company holds a 70-per-cent working interest in the Clayton No. 1H, and its joint venture partner, Equitorial Exploration Corp., can earn up to 30-per-cent working interest. The company holds a 100-per-cent working interest in Bearcat No. 4.

We seek Safe Harbor.

© 2016 Canjex Publishing Ltd. All rights reserved.