We wrote about Kilgore Minerals this past winter, because the potential of the United States of uranium properties. During the study, the company was evident, the background to the uranium business is the ownership of gold in southern Idaho. Robert Bishop has himself in his comments published Gold Mining Stock Report. Mr Bishop is like a wise Junior Gold Stock Picker, and his analysis is very thorough. No doubt, the Bishop considers high esteem for Kilgore Minerals' Chief Executive Norman Burmeister. More importantly, the great success Pinetree Capital (Toronto: PNP) has made significant investments in Kilgore. Alternatively, the Executive Director and CFO, Sheldon Inwentash and Larry Goldberg of Pinetree Capital and strongly propagated Mega Uranium (TSX: MGA) is to be invested in personal Kilgore Minerals. An update to the article by Forbes Magazine swipe at Mega Uranium and Pinetree Capital. In fact, it was more a head-butt. Pinetree Capital is back to trading at C $ 17/share, for a year in which he acted under $ 3/share. Therefore, the Forbes article was not an event for Pinetree Capital. And their holdings in Kilgore Minerals, which according to estimates, between 10 and 20% of businesses were without notice. Ownership History Kilgore Idaho's Gold property has been explored since 1930, as a discovery of gold was blue Ledge Co. nearly 50 applications were in the years 1982 and sum game Kennecott leased a branch in mid - 1980. Seven holes were drilled. In 1990, Placer Dome acquired the property and drilled 39 holes, over 21,000 meters of drilling. A joint venture Pegasus 23 other holes drilled nearly 10,000 meters of drilling in 1994. Echo Bay deserves the interest of most of the buildings, in 1996, after $ 3.5 million, 122-drilling of over 82,000 feet. In 1997, with declining gold prices and problems in relation to mining activities, Indonesia, the stock of fraud, Bre-X Minerals, Echo Bay Exploration lowered his ambitions on Kilgore - and rejected all his research projects. In 1998, Latitude Minerals humble quest for a 'more than 4000 feet. At the bottom of the Golden Bear, and Kilgore (a wholly owned subsidiary of Kilgore Minerals) 100% ownership of the property. A new round of gold exploration to identify new targets. Until 2004, gold Kilgore, the expansion of ownership of 3000 hectares on farms. On this property was boring, like Swiss cheese or a Norman Burmeister know what she is doing? It took nearly 200 diamond and reverse circulation holes, totaling over 126,000 meters of drilling. In a previous interview with Burmeister, he says, "I am very excited about this project. It 'very high on the list of Echo Bay." Large companies have spent more than $ 8 million for a modest and perhaps even economic resources. At least three units have an estimate on the Kilgore gold property. In 1996, Placer Dome said 14.1 million tonnes grading 0.04 oz / t, with a cut-off of 0015 degrees, a deposit of 561,000 ounces of gold. A year later, a section of Echo Bay report estimates, 18.7 million tonnes for the classification of 0029, for a total of 534.959 ounces of gold. However, the estimate, the Canadian regulatory authorities (Trade Kilgore Toronto Venture Exchange) is the Van Brunt / Rayner technical report, submitted in October 2002, and is compatible with National Instruments 43-101 (NI 43-101) . This report has shown, about 7 million tons of trade 0.031, 0.01, with a cut-off grade, for an "indicated" resource of 218,000 ounces of gold. The report inferred resource, another 269,000 ounces of gold. This is sufficiently close to Placer Dome and Echo Bay estimates, but it is unlikely that mineable, unless Kilgore, more gold. While the drilling program in 2004, the standard SNiFF Burmeister, part of what makes this a great moment of a large or enterprise. "We are looking for high quality for a power system," said Burmeister. In recent drilling program, Burmeister, and to promote listening to 0.465 ounces of gold per tonne over 10 meters in another 170 feet of low-grade zone of mineralization to 0.04 ounces per ton. Tuesday, announcing that Chase Kilgore or because it is an elephant discovery of gold on his property. In an e-mail to us, Norm Burmeister wrote: "The area of high quality, called" Elsa Zone ", was a core depth of 410 meters. It is important to note that this hole was boring, in an area that is never boring around 4650 meters above the surface of the resource. "Elsa Zone is located within the Dog Bone Ridge target. Burmeister also noted, "It is not known in this field, and there is no known gold mineralization at the surface, so that the area Elsa a true" blind discovery. "Kilgore's blind Elsa discovered in the test area, there may be a great opportunity for the dog Ridge Bone destination. Background The purpose of the drilling program in 2006, Burmeister told us, is to determine "the true potential of the Dog Bone Ridge target area." Niel prenne, a professional engineer with Mine Development Associates of Reno, Nevada, reaching the level of the update of Echo Bay in 1996, the evaluation of the project. He writes: "The project seems very interesting when the economy" potentially mineable material 'can be doubled to $ 375/ounce price. Prenne Kilgore saw the project as one with a large epithermal gold properties. " This is confirmed a report earlier geological W. Caddey Stanton, who in a report in October 2003 ", to exploit the potential of the Kilgore property for more than doubling the present gold resource with further drilling is considered excellent." Expectations A drill campaign rather intensify expectations. Stock prices tend Rally higher, depending on market conditions, in an exploration of the campaign. The company hopes to holes about twelve hours, between 500 and 800 meters, the target region. The first hole is encouraging, but the results on the basis of this forum for identifying, in the next hole. "The best goal was never in question," said Burmeister, north of the Dog Bone Ridge. As with many promising properties, are not always the easiest to access. In this case, the objective Burmeister in the north side of Dog Bone Ridge could be reached only by helicopter, though, where he has to break. What happens if Burmeister is exactly in its evaluation? If a preference Dog Bone Ridge target is not the core of the hydrothermal system, then what you found? "As such, it is a good quality epithermal vein type of gold objects," said Burmeister. "The success of the supervision of high-grade gold in 2004, the program that interpretation." In 1980, according Burmeister Bull Run Gold Mines, as head of executive power and the development of a gold mine in Nevada success. It organizes scholarships to any NASDAQ National Market Listing, and the company for eight years. For the three to ten years ago, he is the chief geologist for Silver Standard Resources. Burmeister discovered the Mill Creek orebody in Elko (Nevada), the business forward. The property was subsequently Freeport-McMoRan. Burmeister Silver standard for the exploration of a new regional program, the 10,000 square meters more of miles in the Yukon near the unexplored area. In a joint venture with ASARCO, helped discover the Minto orebody in the Yukon. Copper-gold deposit is now in production by Sherwood Copper. After forty years in the mining sector, he hopes Dog Bone Ridge, in his series of discoveries of gold and business success.
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