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@rdww @ted call and tell than rather than us. he always answers IMO and may fill in gaps that you think are missing in terms of communication. as for the 88 claims, wont say where they are yet, stops closeolgy staking. gotta wait for spring to get on ground and follow up w mapping etc. so we may be in mystery mode for a bit
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@HRA-Coffin @wolff - I spoke with Ian at PDAC but it was pretty brief as we were both running from meeting to meeting. His meetings with South32 went well. They are in for at least $1.5 million and they have agreed on what the program will look like. Ground geophysics and probably till sampling on some of his 100% ground before breakup followed by South32/$NRN drilling at Huckleberry and perhaps on some of the $NRN 100% ground on their own account if they feel strongly enough about the targets. Sounded to me like they will focus on Se2 and Idifex and the new project. I don't think the new project is Carlin model but work by the GSC and NRN in the region has highlighted the potential for Carlin style deposits so they are definitely keeping their eyes open. He's being coy about the new project but it sounded like he was looking for something magmatic (Ni-Cu-PGM) not Carlin on this one. It was based on regional geology and on some things they saw in the Sequoi and Huckleberry core. They haven't even stepped on the property yet but will be including it in the spring/early summer programs to try and groundproof it. I wouldn't be shocked if he adds more ground if he's onto another idea. That would certain explain him being mysterious as he's had his problems with area play stakers before.
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@wolff @HRA-Coffin many thanks for the update -
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anonymous the new 88 claims are about 10km N-NW of Huck/Sequoi. no secret as to their location
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@Dunite Thanks, Anon, that would put them right in the middle of the big lakes area that is north/northwest of huckleberry/sequoia.....If Ian is smart, he will stake ALL the Big lakes area....
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@Dunite Huckleberry and Sequoi sit atop extreme regional magnetic highs. The area that Anon has stated as the location of the 88 claims sits above an extreme regional magnetic low. It looks like an extreme inverse of the mag high. Where is a geo physicist when you need one....@Ted, I hope you have a look at this new claim area and the magnetics associated with it. We all on this board need some insight...
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@wolff Interesting - the plot thickens - May be we should all get together to fund Ian for a little extra staking around all those lakes as Dunite has suggested quite a while now
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@CautiousNow a 300,000 share acquisition by Jitney today. Nice to see someone is confident.
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@Stargate2 Geophysical interpretation input here.......We covered IDEFIX a while back
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@Dunite @Stargate2. The area that needs to be looked at is just north of Huckleberry about ten kilometers. Supposedly this is the area of the 88 claim block.......
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@Stargate2 @Dunite. Are there any Quebec claim cell references available for the Huckleberry block?....I can look them up and report back with some time allowance.
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@Dunite There most likely are but as I am in the lower 48, I am at a loss on how the claims are registered. @wolff,@CautiousNow, do you two have an answer??
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@CautiousNow @Dunite. Sorry I don't work in the mining business, so I'm not familiar with the registration process. I would assume that there is a public registry of some sort. Perhaps look at where CLE isn't to the N and NW of the known NRN claims at Huckleberry and Sequoi?
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@HRA-Coffin Its online StargateII - Quebec uses an online cell staking system. Cumbersome but you should be able to find it with lats and longs.
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@wolff Tied up today - but will do some research on Wed
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@Stargate2 Yes we are familiar with the system from the NRCAN days. Will have an answer on this area shortly.
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@m00tpoint I had a similar scenario with $nrn (averaged that puppy all the way Down to .055) sold it all and bought ip and $mms best move I've made although $mms could prove the sentiment further (hopefully)
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from #mms,
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@internalaudit Wondering which is the best pick (or top two) among these three: $XOP (oil/gas) , $GPM (metals) or $NRN (metals) They all seem to have bottomed.
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from #xop,
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@Dunite I would decide on who gave out the best news on their resources. So far, there has not been any news from NRN. But in fairness there has not been any news from CDB, IVN or even PLG. I suspect that drill reports will be coming in soon like all at once for many companies....I like NRN but I hold quite a few shares. XOP is interesting and GPM I am not familiar with.....
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@CautiousNow Interesting that RBC picked up 315,000 shares in the first three minutes this morning. Someone believes! Looks like I'll be in $IVN longer than I expected. Fabulous news today. It's hits like that one that make this sector so addictive....
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@tommy Was just on the horn with @HRA-Coffin, always a breath of fresh air. I'm a bit panicked about my taxes going up tomorrow. He thinks juniors are going to have a good spring, unless New York falls out of bed and takes us with it. "Remember $NRN?" he asked, the Quebec explorer which ran from $0.02 to $0.25 on drilling speculation last year before falling precipitously (the fall is not the point). "Adamera $ADZ will be this year's $NRN," he says, expecting the s/p to break 20c within a week (it's $0.125 now). Coffin has visited Adamera's project in Washington State and is very impressed with their drill targets. I'm talking about a very speculative stock. This is not investment advice!
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from #index,
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@Stargate2 Adamera is definitely the play to watch out for as we are confident that @adz will be all that @nrn aspired to be.....We have modeled both projects, and while our predictions on @nrn were unfortunately accurate for hopefull investors in its drilled outcome, the opposite will be realized on the @adz project where we are predicting success.......
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@Stargate2 Adamera is definitely the play to watch out for as we are confident that $adz will be all that $nrn aspired to be.....We have modeled both projects, and while our predictions on #nrn were unfortunately accurate for hopefull investors in its drilled outcome, the opposite will be realized on the $adz project where we are predicting success.......
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from #adz,
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@Vaughan My portfolio sides with you @HRA-Coffin on $ADZ. Last years $NRN, being $NRN, treated me well all in all. Hoping for good things.
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from #index,
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anon $ADZ lots of pumping here :)) Hope not another $NRN Lots of sheep got roped into that one Should I buy ? NOTE-I only buy keepers
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from #index,
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@Dunite I would not count NRN out and down for the count just yet........
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@Stargate2 $nrn will prevail but while we don't interpret such to occur within the existing Huckleberry/Sequoi/SE2 region returns, we defiantly do see greater opportunities later on coming online at IDEFIX. Once the results come out at $adz from drilling tests, there will be greater certainty of potential outcome at other projects.
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@CautiousNow I think the analogue to $NRN made by @HRA-Coffin and presented by @tommy with respect to $ADZ is in the context of a potential sized scale play that is a rational roll of the dice because of the risk-reward profile. That the $NRN results (to date) have been much less than had been hoped is not indicative of either the pre-drilling analysis of $NRN as having been without a logical basis or having been a "pump job" by the writers or NRN management. That being said, I suspect that a number of us that fell a bit too much in love with the potential upside of $NRN will be much more disciplined with acquisitions of $ADZ and be very diligent about taking money off the table at an appropriate time.
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@Dunite I will keep my NRN shares because S-32 is still working the area and of course IDEFIX. I remember Ian stating that "either we got it very right or very, very wrong"....I believe that that course of thinking fell in the middle ground as Ultra Mafic rock was drilled into at Sequio and the pumpers freaked out when it was not the NEXT Voisey's bay but something smaller, then they became Jumpers. News is still lacking on the details of what is actually going on at Sequio and thus the reason for the up strike staking of more ground. Too few holes were drilled at Sequio over a widely spaced area to give a geologically dynamic view of what is going on in the area... I will not follow into ADZ as I found something that I found compelling... $MOD.AX resources. Located in the mining safe country of Botswana with a hell of a grade of copper and silver credits. @miningbookguy introduced me to this stock. It is on the Aussie exchange and a little bit difficult to buy depending on what broker or brokerage house you use...Good Luck and good investing.....
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@CautiousNow @Dunite Yes....Holding on to $NRN to see how that one unfolds....Too much happening in the rocks to exit that one prematurely. For context on $MOD.AX, do you know how difficult it is to buy if you have an account at a full service broker in Canada?
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@Dunite I use Raymond James here in the States. It took a couple of days for them to figure it out but they are able to purchase $MOD.AX stock. The biggest problem Raymond James had is the 18 hour time difference. It is interesting to be able to watch your stock at midnight our time go up or down on the Hot Copper board. @CautiousNow Just check with your brokerage, they may have NO trouble what so ever.....
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@wolff Spoke to Christine on the phone a few moments ago. She indicated they were still working on geophysics, sampling and drilling plans for Huckleberry with South32 this summer but hoped to have a NR in near future on that and other planned work. I asked for location of new 88 claims and apparently that info has not been released yet - so not sure where the other posters got the info it was NW of Sequoi in lakes area -( which makes sense). So I guess it continues to be wait and see.
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@Dunite Well, where else would the dispersion train of metals have come from but the muck scooped out by the glaciers that created a pothole that filled with water and became the lakes area.....Kind of amazing that you got through to them. Thanks for the intel....
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@DJS Apologies for this question if it's well known to those in the hard rock mining world. My background is in O&G, where I draw most of my experience and analogues from when assessing mining-related questions. Is it possible to stake mining claims on an anonymous basis, either for a stipulated period of time or indefinitely? In pretty much all Western Canadian O&G regimes, if you want to post a lease to a Crown auction anonymously, you can but you have to use a title agent as the names of the parties posting them are all public. Also, if you drill a particularly good well, you can, by way of right, require the operational regulator (the ERCB in Alberta) to keep the well data private for up to one year (that's called a "tight hole" -- no jokes please), which then allows you to post contiguous acreage in future Crown lease sales if you want to. Is there anything similar in the mining biz, particularly in N&L? I ask because of Christine's response that the location of the 88 new claims "hasn't been made public yet", which tells me that the identities of parties who stake claims are not disclosed or that some sort of agency system is used in the mining world as well. $NRN
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@HRA-Coffin Yes and no @DJS. You can't stake anonymously but you can, and people often do, have others stake things for them. All provinces I've ever dealt with require some variation of what's called a "Free Miners Certificate" which you need to show ID for when you buy it annually. It gives you an id in the system and allows the relevant ministry to have contact info so they can keep you up to date on your claim info or send notices or whatever. You have to have one to file claims either the old fashioned way or digitally. That said, most staking of both varieties of staking is usually done by professionals who can either stake on the ground efficiently or understand and can use the digital system easily. They usually stake and file in their own names then transfer the title later when they get paid. In theory the staker can and sometimes does keep the claims in their own name and its not unheard of for them to be holding them for a third party that doesn't want to be disclosed. Majors used to do that all the time when they didn't want others checking records and finding out they were interested in a particular area.
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@Stargate2 New 88 claims located.......
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@HRA-Coffin I believe the Quebec system is searchable by date and map sheet though I have never tried to use it. @Stargate2 may have found them doing that sort of search. Wouldn't be many claims in the area staked in the last 3 months or so.
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@Stargate2 North-West corner of NTS Sheet 23O15 (letter O, not zero)....UTM Zone 19 X-626434, Y-6202829
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@DJS Thanks @HRA-Coffin and @Stargate2. Definitely some similarities and some differences. It sounds like miners use "Declarations of Trust" or similar documents which are common in the oil and gas world. These are legal agreements which differentiate between bare legal title (held by the agent) and beneficial title (held by the company that is ultimately footing the bill). Another difference might be the "volume" of leases posted by oil and gas companies vs the "volume" of claims staked by miners. If someone stakes that many claims in a rather remote area of northern quebec, it's not surprising that the likely low number of other claims staked in that area would allow you to identify the staking party with a high level of confidence. $NRN
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@ayeyou @DJS Here is a link to a map showing the new claims $NRN staked that I downloaded from The Quebec Mines website.I posted it on my thread because I have no idea how to post a picture here on CEO.CA . I also included a previous map of claims from CLE site so you can use it for reference as to location compared to Huckleberry ,Sequoi and SEQ2 . http://www.siliconinvestor.com/readmsg.aspx?msgid=31041265
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@Stargate2 @ayeyou....these are not the new claims.......the new ones are directly north from Huckleberry in a separated block trending north-north,west
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@ayeyou I respectfully disagree @stargate2 . That map was generated by Energy and Natural Resources Quebec website and is 100% correct. The block I show as NRN's new block is registered under Northern Shield Resources and is a new staking in the area after when they were drilling last fall. There is no separate block of claims North of Huckleberry and any claims that are North of Huckleberry are owned by CLE or Ryan Kalt. Here is the link to Quebec government map site which is up to date as of 2017-03-16 . https://gestim.mines.gouv.qc.ca/ftp/cartes/carte_quebec.asp
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@Dunite Is there a chance that maybe you both are right? And new ground maybe being staked in both areas?
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@ayeyou There are NO new claims north of Huckleberry as of March 16 2017 so I cant see how Stargate could be right. NRN announced the new staking on the 27th of January which means the claims were staked before then. These government online claim maps update weekly so there is no way they are just not showing up yet. Notice where NRN says they are going to be working this season??? Correct SEQ2 and thats also where the new claims are. . " The company's main exploration programs currently include further exploration at Huckleberry, financed under the terms of the South32 option and joint venture agreement (as per the press release dated Dec. 5, 2016), and an intensive rock and till sampling program at Se2 to prioritize VTEM targets for later drilling, as well as ground truthing of a VTEM anomaly at Idefix." http://www.stockwatch.com/News/Item.aspx?bid=Z-C:NRN-2439765&symbol=NRN&region=C
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anonymous Stargate2 is Ted. Wouldn't take him too seriously.
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@RedsoxFan @anonymous I got that from the repeated use of "we"
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@ayeyou Hey if @stargate2 has a map of claims from Quebec government that show claims where he is describing I am more than willing to consider and investigate them. I think if that were the case we would have seen the map by now.
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@Stargate2 @ayeyou....The provided map from you is in error......It omits the new claims group......As surveyors we have a very good handle on logistics and can assure that the new 88 claims group is in place approximately 6 kilometers north, north-west from Huckleberry. We even provided UTM coordinates to the central point of the block.
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@ayeyou @Stargate2 So show we a map where you say there are claims staked. If you say the Quebec Energy and Resources Department is wrong and you are right then offer some proof. Where did you see that that is where the claims are? They do not have to be surveyed to stake a claim online so your being a surveyor does not impress we. Either you have a map showing the claims or you dont. We do. I can give you UTM coordinates to anywhere on earth , it doesnt mean $NRN has a claim there. Why are always posting smoke and mirrors instead of facts Ted ?? It is getting old. BTW why is it your company does not have a website?? I find that rather odd in this day and age.
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@Stargate2 ESS, at the present time, operates as a science foundation (non profit) and provides most of the output pro-bono.....
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