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   Gold/Mining/EnergyDISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL


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To: PaperPerson who wrote (4656)9/1/2012 5:36:11 AM
From: PaperPerson
1 Recommendation   of 4690
 
Re MJNA:

Coming soon: Pot chewing gum?
By Chris Kilham
Published August 31, 2012
FoxNews.com

Read more: foxnews.com

Maybe it just had to happen. This October, a cannabis-based chewing gum will hit marijuana dispensaries in Colorado, California, Arizona and Washington, D.C. This roll-out will follow on the heels of a dizzying array of home-made pot-based candies, baked goods, honeys, and elixirs – most of which are produced in the local areas where the cannabis shops conduct business. The gum, called Can Chew, is a collaboration of San Diego-based Medical Marijuana Inc., and Can Chew Technologies, a San Diego chewing gum technology company headquartered in the Netherlands.
Can Chew has developed a cannabis chewing gum containing Dronabinol, or THC, for people suffering from Alzheimer’s, appetite loss, multiple sclerosis and nausea. Through their technology, they are able to produce a gum that when chewed, releases fine particles of THC into the oral mucosa – the lining of the mouth – allowing for rapid absorption of the cannabis compound. According to the company, this allows for speedy relief from pain, nausea, tension and loss of appetite. According to Dr. Philip Van Damme of Can Chew, chronic pain sufferers, early and late-stage cancer patients and even anorexics can experience relief with the gum.
Cannabis has steadily emerged as a medicine for the treatment of nausea, glaucoma, pain, and a variety of neurodegenerative disorders. According to the U.S. Department of Health and Human Services, cannabis contains potent antioxidant compounds that demonstrate benefits in cases of cardiovascular disease, autoimmune disorders, inflammation, Alzheimer’s disease, Parkinson’s disease, HIV and dementia.
Medical Marijuana Inc., the first publicly held company (MJNA) devoted to cannabis, is positioning itself as the leading corporate innovator in the burgeoning cannabis product marketplace. The alliance with Can Chew is one of five strategic partnerships with entities in the cannabis medicine category. The company is also involved with cannabis cultivation, cannabis-based elixirs, cannabis dispensary retail stores, and additional cannabis medicines in other forms.
However, cannabis is illegal, and even in states where medical marijuana is state-approved, it flies in the face of federal laws regulating pot. Stepping around federal regulations with a mass-market, publicly traded product could prove very tricky. Also, cannabis is not suitable for everybody. Psychotic episodes have been reported among some cannabis users. And a recent study shows that adolescents who smoke pot and continue to do so throughout adulthood actually lose IQ points. So how do you keep Can Chew gum away from minors?
Over time, the public will have access to a broader array of cannabis-based products for various health needs. As with alcohol and prescription drugs, there are thorny issues to sort out about who should, and should not, be chewing pot gum. As local and state enforcement of anti-cannabis laws potentially continue to soften, more numbers of cannabis retail stores and more types of cannabis-based products will hit the U.S. market.
Can Chew is the first retail pot product that isn’t home-grown. Who knows what’s next after cannabis chewing gum. Could Cannabis Cola be far behind?
Chris Kilham is a medicine hunter who researches natural remedies all over the world, from the Amazon to Siberia. He teaches ethnobotany at the University of Massachusetts Amherst, where he is Explorer In Residence. Chris advises herbal, cosmetic and pharmaceutical companies and is a regular guest on radio and TV programs worldwide. His field research is largely sponsored by Naturex of Avignon, France. Read more at www.MedicineHunter.com.

$$$

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To: PaperPerson who wrote (4659)9/14/2012 5:58:14 PM
From: PaperPerson
1 Recommendation   of 4690
 
This Thursday piece i the L.A. TImes deals with value of a marijuana extract, CBD, to treat seizures without getting high.

latimes.com

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From: PaperPerson9/25/2012 9:49:47 AM
   of 4690
 
SSL.V/SAND acting very nicely after a brief sharp pullback.

stockcharts.com

Sandstorm Gold Agrees to Purchase Precious Metals From Colossus Minerals
Vancouver, British Columbia | September 19, 2012
Sandstorm Gold Ltd. (“Sandstorm Gold” or the “Company”) (NYSE MKT: SAND, TSX-V: SSL) is pleased to announce that it has entered into a precious metals purchase agreement with Colossus Minerals Inc. (“Colossus”) (TSX: CSI) to purchase an amount of gold and platinum from the Serra Pelada Mine (“Serra Pelada”) located in Para, Brazil.

Sandstorm Gold has agreed to purchase an amount equal to 1.5% of the gold and 35% of the platinum produced from Serra Pelada (the “Precious Metals Purchase Agreement”). Pursuant to this agreement, Sandstorm Gold will pay an upfront cash deposit to Colossus of US$60 million and ongoing per ounce payments equal to the lesser of US$400 per ounce of gold and the prevailing market price of gold, and the lesser of US$200 per ounce of platinum and the prevailing market price of platinum.

“Serra Pelada is a fantastic project run by a first-class management team”, said Sandstorm Gold President & CEO Nolan Watson. “We are confident that the high-grade nature of the Serra Pelada deposit will contribute to it being a low cost producer for years to come.”

As part of the transaction, Sandstorm Gold has also agreed to purchase 35% of the palladium produced from Serra Pelada (the “Palladium Purchase Agreement”) in exchange for paying a US$15 million deposit (bringing the total deposit payment made by Sandstorm Gold to US$75 million) plus ongoing payments of US$100 per ounce of palladium. In addition, Sandstorm Gold has entered into a back-to-back agreement with Sandstorm Metals & Energy Ltd. (“Sandstorm Metals”) whereby Sandstorm Metals has purchased the Palladium Purchase Agreement from Sandstorm Gold in exchange for issuing a promissory note. The promissory note states that the US$15 million will be repaid to Sandstorm Gold in cash or shares, within one year’s time. For more information, see the Sandstorm Metals press release at http://www.sandstormmetalsandenergy.com.

Colossus will have the option, until April 1, 2015, to purchase in whole or in part, up to 50% of the obligation to purchase metals under the Precious Metals Purchase Agreement and the Palladium Purchase Agreement by making a US$48.75 million payment, whereupon the percentage of gold and platinum to be purchased by Sandstorm Gold shall be decreased to 0.75% and 17.5% respectively and the percentage of palladium to be purchased by Sandstorm Metals shall decrease to 17.5%.

About Serra Pelada

Serra Pelada is a high-grade gold-platinum-palladium deposit located in the mineral and mining prolific Carajas region in Para State, northern Brazil. The existing infrastructure and accessibility to the site are excellent due to the close proximity of a number of major mines. During the 1980’s, Serra Pelada hosted the largest ever gold rush in Latin America with up to 80,000 artisanal miners producing 2 million ounces of gold, plus platinum and palladium, from a hand dug open pit. Colossus Minerals has been involved in the development of Serra Pelada since 2007 and is targeting initial production by the end of 2013. Serra Pelada is fully permitted and construction is underway. It is expected to be a high grade, low-cost polymetallic producer.

For more information on Serra Pelada, visit the Colossus Mineral’s website at http://www.colossusminerals.com/.

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From: PaperPerson9/29/2012 8:35:58 AM
   of 4690
 
A current favorite warrant just got a pink sheet symbol. ELG-WT.TO is now tradeable in u.s. as
ELGWF.

The main stock is

Elgin Mining Inc.
ELG:CA $0.71. Its already established pink sheet listing is ELGMF.

BACKGROUND:



April 30, 2012
Elgin Mining And Gold-Ore Resources Announce Results Of Shareholder Meetings
Vancouver, British Columbia, April 30, 2012 - Elgin Mining Inc. (TSX-V: ELG) ("Elgin Mining") and Gold-Ore Resources Ltd. (TSX:GOZ) ("Gold-Ore") are pleased to announce that at Special Meetings of the Shareholders (the "Meeting") held earlier today, both companies received overwhelming approval for the plan of arrangement (the "Arrangement") pursuant to which Elgin Miningwill acquire all the issued and outstanding common shares of Gold-Ore ("Gold-Ore Shares").

Of the votes cast, 99.31% of Gold-Ore shareholders voted in favour of the special resolution approving the Arrangement. Of theElgin Mining votes cast, 99.8% voted to approve the issuance ofElgin Mining common shares ("Elgin Mining Shares") andwarrants to purchase Elgin Mining Shares ("Elgin MiningWarrants") in connection with the Arrangement. Under the Arrangement, Gold-Ore shareholders will receive in exchange for each Gold-Ore Share, one Elgin Mining Share and one half of oneElgin Mining Warrant. Each whole Elgin Mining Warrant will be exercisable at a strike price of $1.30 per Elgin Mining Share with a two year term

"We are very pleased with the results of the shareholder votes today. The combination creates a junior gold producer with near term growth in the politically safe jurisdictions of Canada and Sweden," commented Patrick Downey, President and CEO ofElgin Mining. "Our focus will now be on cost reduction initiatives at the Bjorkdal Mine in Sweden and the accelerated development of the Lupin Mine towards a production decision. The combined company will have a strong treasury, cash flow and an excellent growth platform."

"We appreciate the support of our shareholders in approving this transaction with Elgin Mining. Our management team and Board of Directors believe that this transaction will create value for our shareholders," stated Glen Dickson, Chairman and CEO of Gold-Ore. "The combined company will have a stronger asset base, low capital/execution risk and operations are fully permitted. The merged company will greatly benefit from the experience of the combined management teams."

Gold-Ore's application to the Alberta Superior Court to obtain the final order approving the Arrangement is scheduled for Tuesday, May 1, 2012. Assuming court approval is obtained and that all other conditions to the Arrangement are satisfied or waived, the Arrangement is expected to become effective on or about May 2, 2012. Delisting of Gold-Ore common shares from the Toronto Stock Exchange ("TSX") is expected to occur on or about May 4, 2012. Graduation of the Elgin Mining Shares and Elgin MiningWarrants to the TSX is expected to occur on or about May 4, 2012.

Full details of the Arrangement and certain other matters are set out in the management information circulars of Elgin Mining and Gold-Ore and the joint management information circular supplement of Elgin Mining and Gold-Ore (the "Information Circulars") dated April 3, 2012. A copy of the definitive agreement, Information Circular, and other meeting materials can be found on the SEDAR website at www.sedar.com.

Elgin Mining also wishes to announce that, effective today, John Huxley, who has been a director since 2008, will be replacing Bob Buchan as Chairman of the Board in anticipation of the closing of the Arrangement and to meet TSX corporate guidelines for the subsequent listing. Mr. Buchan was appointed Chairman in June 2008, President from March 2010 to July 2011 and will remain as a director of Elgin Mining.

Commenting on the above, Bob Buchan stated, "I am happy to hand over the role of Chairman to John Huxley who has been a director since the Company became public. I will remain an active director and am excited about the direction and growth prospects for the Company."

Elgin Mining Inc.

Elgin Mining is a Canadian based company focused on the exploration and development of the Lupin Gold Mine and Ulu gold project, both located in Nunavut Territory, Canada. In addition, the Company's portfolio includes a 36% interest in Auracle Resources, which is exploring the Mexican Hat property in Arizona and an exclusive right and option to earn a 60% interest in LincolnMining's Oro Cruz (California) and La Bufa (Mexico) gold projects. The Company will also selectively review opportunities to add advanced stage development projects to its portfolio.

For further information, please visit Elgin Mining's web site at www.elginmining.com.

Gold-Ore Resources Ltd.

Gold-Ore is a gold producing company focused in the low political risk jurisdiction of Sweden. The company's primary asset is the Bjorkdal Gold Mine, which has produced 1,060,000 ounces in the last 24 years. Drilling is expanding the resources indicating a long mine life at current gold prices. The company has a strong balance sheet, generates significant cash flow from gold sales, and remains un-hedged.

For further information, please visit Gold-Ore's web site at www.goldore.ca.

Elgin Mining Inc.
Patrick Downey
President & Chief Executive Officer
Tel: (604) 682-3366
Email: info@elginmining.com

Gold-Ore Resources Ltd.
Glen Dickson
Chairman & Chief Executive Officer
Tel: (604) 687-8884
Email: info@goldoreresources.com

Forward-Looking Statements

Certain information set forth in this press release contains "forward-looking statements", and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of Elgin Mining's future plans and operations and are based onElgin Mining's and Gold-Ore's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Elgin Mining's and Gold-Ore's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Elgin Mining and Gold-Ore undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinion's should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Wed May 2, 2012, Elgin Mining and Gold-Ore Resources Announce Closing of Merger Creating Growth Oriented International Gold Producer, Developer and Explorer

You can view the Previous News Releases item: Mon Apr 23, 2012, Elgin Mining Releases Third Set of Drill Results at the Lupin Mine

You can return to the main News Releases page, or press theBack button on your browser.


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From: PaperPerson10/2/2012 10:18:05 AM
   of 4690
 
Claude Resources Inc. 2012 production guidance remains on track with strong Q3 results
CGR/CRJ.TO) u.s.
85 cents :
Co has announced preliminary production results from its 100% owned and operated Seabee Gold Operation. During the third quarter the Seabee Gold Operation produced ~ 15,100 ounces of gold representing a 24% increase over the second quarter 2012 production of 12,166 ounces of gold. During the quarter, the Company milled 66,173 tonnes at a grade of 7.27 grams per tonne. During the fourth quarter of 2012, the Company expects to complete the Seabee shaft extension. The shaft will be shut down for ~ 4-5 weeks. The Company expects to continue milling during this period and consequently expects to meet its production guidance of 48,000 to 50,000 ounces for the full year. The shaft project will extend the shaft to 980 metres from its current depth of 600 metres. This extension is expected to improve operating efficiencies and significantly lower operating costs on the Seabee ore body.

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From: PaperPerson1/2/2013 4:55:40 PM
   of 4690
 
Silver stock alexco AXU starting to act cool.

stockcharts.com

Stock made a 7.8 percent move wednesday with silver bullion getting sparky. broke out above its 50-day moving average, too. i dont own it yet, but i think i might buy some.

in SLV, the silver etf, which is a fair proxy for silver the metal. you can see the parallel action.

stockcharts.com

both showing positive accumulation via the on-balance-volume chart (OBV).

alexco web site

alexcoresource.com

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To: PaperPerson who wrote (4664)1/3/2013 6:38:28 AM
From: TheSlowLane
   of 4690
 
Alexco was ranked as the number two silver stock for 2013 by a contributor over at TMF:

fool.com

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To: TheSlowLane who wrote (4665)1/3/2013 11:13:08 AM
From: PaperPerson
   of 4690
 
i boght some axu at 3.90 u.s.
i will probably average up, assuming we are correct that it is tremendously undervalued and starting to respond nice to the price of silver.

axu chart

http://stockcharts.com/h-sc/ui?s=AXU&p=D&b=1&g=4&id=p32629371941

SLV chart.

http://stockcharts.com/h-sc/ui?s=SLV&p=D&b=1&g=4&id=p30072898268

as with any mining company , there is plenty of room for surprises both good and bad.

in the march 2012 pdac conference, alexco was already talking about its new silver discoveries within the yukon district that it owns. this is on top of the several old mines that are part of its future flow of ore.

this company is likely to continue producting silver for decades, and is likely to get acquired long before it runs out of good high grade ore.

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To: PaperPerson who wrote (4666)1/3/2013 11:22:55 AM
From: TheSlowLane
1 Recommendation   of 4690
 
I agree. I was out there this past summer...

Message 28640266

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To: TheSlowLane who wrote (4667)1/8/2013 10:04:39 AM
From: PaperPerson
   of 4690
 
TSL, thanks for sharing that info on alexco. great to have somebody with good instincts like you visiting the site, instead of having to rely just on what is on paper. i just bought a 1000 to start. but it does seem like a great time to accumulate it.

Michael

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