Tim i hope this helps--- should make ya smile I got this from another Forum-- I hope youall like it... SO HOLD YER SHARES---------------->>>good background on roxmark from e.charters on SI a while back. E.C., as he is known, really knows mining as an insider. i think he owns a dormant mine in canada.
the occasion was the april 25 2007 listing of Roxmark on teh Venture exchange as RMK.
Roxmark is a Canadian junior resource company involved in the exploration and development of its gold and molybdenum properties in the Geraldton-Beardmore area of Northern Ontario, including the Nortoba-Tyson molybdenum property and six formerly producing high grade gold mines which are reported to have produced approximately two million ounces of gold. In addition, the Roxmark owns the Northern Empire mill equipped to process both gold and molybdenum ores.
To: Metacomet who wrote (38913) 4/25/2007 4:40:03 PM
From: E. Charters 7 Recommendations Read Replies (1) | Respond to of 61352
Yes, it is hopeful and no doubt interesting to moly aficionados and high grade gold mining mavens as well. The TSXV will get them away from the trade by appointment air that some CNQ stocks have, and also make the trading of their stock from the United States of America much, much, and many times, more easy.. I would say offhand about ten to 15 times easier if not more. the advertising therefore of their activities should lead to about 5 times more trades again, if not more.. And that, all other things being equal, should lead to an increase in price. My thinking is it could lead to an increase of perhaps 25%.. and also to a definite increase in price stability..
They do have a mill that works, if it needs a bit of improvement and expansion, that is accepted, but there is a budget apparently for improving it.. I hope they look the CIP/flotation areas, as my thinking is they can increase gold recoveries if they go to the newer faster Aussie method (Micon?) of stripping carbon with alcohol.. the new alcohol method is safe, and will not result in fires. I think they need that because it is my suspicion that the perceived low grade of the last Leitch gold bulk sample (750 tons 2006?) may have been due more to mill behviour than ore dilution. I don't think this is as a big a problem with longer runs, but it could be a problem in a one-shot deal.
I am aware that there may be plans to do another bulk sample on the moly. I think that was in their news announcements if I am interpreting them correctly. And their drilling program is aiming at gold on the former producer the Northern Empire and also at gold at the Moly area, the Nortoba.. why there you might say.. well it might interest you to know that the Nortoba is 4.6 miles away from the Leitch mine. The Leitch was the highest grade gold producer in Canada for 30 years at one ounce per ton head grade. (Only Goldcorp exceeds it in average grade and only the Discovery Mine in NWT equaled it for comparable tonnage. The Sachigo River in fact ran 3.5 ounces per ton, but only mined about 5000 tons of that grade.
There have been 28 gram samples of gold in the drill core in 2006 from the Nortoba moly vein and many gold samples above 2 grams. Why did they not also focus on gold recovery from the Nortoba vein? I have no idea. I really, really don't fully know. I wish I did. What I do know is historically they have really good gold veins on the Nortoba property. In fact Herb Goodman and sold the property to Roxmark as a gold property. They did not think the moly was interesting to them. Nolan Cox prospected the property for gold before Goodman, and I know he would not touch a property unless he could high-grade gold from it. There are apparently 5 good gold veins on the property and most of them are better than the moly vein itself for gold. I saw a chunk of gold in the moly in the moly vein, however, and I would say it would be visible from about five feet away, at least in a strong light.
A number of people no doubt might think that with this property and that, Roxmark's many properties cannot be ALL good. Four former producers. A few others fairly well drilled/stripped and surface sampled. Ore grades are common in surface sampling and drilling.
I would quarrel with the notion that they can't all be good. In fact they are just about all good and all of them good too. They never kept a property unless it had potential to go to production. I don't think they have too many totally grass roots properties. Most of what they have are good for small scale mining, narrow vein, about 200 to 500 tons per day. One of these is all it takes to build a good company.
EC:<-}
Link to E.C. response
https://siliconinvestor.advfn.com/readmsg.aspx?msgid=23492958