My Story (or at least a part of it)
My Story or at least a part of it
My Master’s thesis dealt with a volcanic caldera complex in Nunavut. In my last year of grad school, U of Toronto put on an Ore deposits Workshop for industry and I was one of the speakers. One of the more senior geo’s from Cominco attended and he offered me a job (Temporary) when I compered my Thesis in a few months. That summer I worked on a caldera reconnaissance project in NW BC. Cominco found out that I was a frequent traveller to Mexico and I found out Cominco had an office in Guadalajara not far from my father’s winter home in Ajijic. I had the Vancouver office write a letter of Introduction for me to the office manager in Guadalajara. In the fall of 79 I was in Ajijic and went to the Cominco office in Guadalajara. They hired me to do a Caldera recce program in the Sierra Madre Mountains in Durango starting in January 1980. That work opened my eyes to the great potential of the Sierra for hosting caldera related gold and silver deposits. I knew then I would go back some day on my own, but at that time the foreign investment laws were not favourable for foreign investment.
I married the Guadalajara office’s bi lingual secretary and eventually returned to Canada, having made many geological and political contacts in Mexico. In 1986 I stopped working for Cominco and joined a consulting firm. Times were good and we did well. But by 1991 the industry was in another slump and there was not enough work. At Christmas in1991 I found out through my contacts that the Mexican Foreign investment laws were about to change. They changed in February 1992, allowing 100% foreign ownership of Mexican mining claims by companies controlled by non- Mexicans. That same week I flew to Mexico. I had my Mexican lawyer, who I had met a few years earlier when he was Mexico’s Ambassador to Canada, create a private company for me called Minera Delta S.A. de C.V. so that I could start staking claims in Mexico.
I then brought in Ing. Daniel Nofrietta, who is a Mexican Geologist with many years of experience in the northern end of the Sierra Madre. I told him about my caldera work in Durango (south end of the Sierra’s) and told him I wanted to look for similar targets in Chauhauha, as it had better access. He told me about the Uruachic district, which as a caldera complex with many old gold and silver deposits dating back to the 1700’s. He said that no foreign companies had been there, the Mexican companies had overlooked the region due to topography and that he had a prospector friend (Oswaldo) who was born and raised in the town.
Within 1 month of the foreign investment laws changing I was in Uruachic. It met all the target criteria I had. I hired the prospector and the 3 of us started staking claims. I paid them and the costs of the work using my savings, so we could not afford expensive work such as drilling or geophysics. We also staked some copper claims in eastern Chihuahua and optioned them, bring us more working capital. We worked privately for 8 years and by that time we had a very large property package and a good relationship with the locals. They liked me because I was not pretentious, would ride in the back of the truck with the others, or on a mule or horse, I could speak the language and treated everyone fairly. However, we knew we had more ground than we could explore. So I decided to get public funding. That involved forming a new Canadian Company (Golden Goliath Resources Ltd. GNG ) then we rolled Minera Delta into GNG and received our share positions. Then we completed an IPO on the Vancouver Stock Exchange.
The rest is in the public record. I had a dream. I followed my dream. I put my money where my mouth was, and I have plenty of perseverance and knowledge. I still plan to achieve my dream of finding a new gold/silver mine in Mexico.
Below I will post a peom I wrote a long time ago.