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   Gold/Mining/EnergyInventus Mining Corp - IVS


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To: JW@KSC who wrote (54)4/24/2016 1:00:13 PM
From: StemuliteWorks
   of 728
 
I chose a gold pan.....best and most used tool when it gets right down to it!

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To: JW@KSC who wrote (55)4/24/2016 1:05:36 PM
From: StemuliteWorks
   of 728
 
For starters EDG has been a thorn....I posted my thoughts about your question : Message 30552093

Basically I believe they know this "bulk sample" really is not a sample at all. Rather, it is the commencement of the lowest cost per ounce mining operation in the world......

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To: StemuliteWorks who wrote (57)4/24/2016 2:29:40 PM
From: JW@KSC
1 Recommendation   of 728
 
Actually the Poll answer was the Geiger Counter. There is Uranium content in the Conglomerate (between 10 and 50 parts per million), and since the Conglomerate is covered with a layer of earth and vegetation, (that is removed by Hydo once the Conglomerate is detected) the Geiger Counter is their most valuable exploration tool.

At Pardo, uranium concentrations are known to be closely associated with elevated concentrations of gold in the host conglomerate.


A Quote from a Site Visit I read back then.
But as is the case in the Wits basin, much of the gold mineralization at Pardo is coincident with paleo-placer uranium mineralization in the form of uraninite, so simple hand-held radiometric surveying has proven to be an invaluable technique for finding gold in bedrock under the area’s thin but extensive overburden.During a visit to the property by The Northern Miner in September 2013, Ginguro geologist Winston Whymark scampered across the exposed outcrop at 007 zone, showing how his portable radiometric spectrometer would scream and go off-scale whenever he approached the high-grade gold zones.“We couldn’t have made a better investment than that spectrometer, that’s for sure,” he beamed. “The dots are here, and we’re connecting them.”

Site Visit by Northern Miner in 2014

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From: StemuliteWorks4/24/2016 3:14:13 PM
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Thanks for posting that Bill Holter interview....Pretty strong stuff in there, look out, maybe sooner than we think.

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From: rhino14/24/2016 6:55:29 PM
2 Recommendations   of 728
 
An old news release i found that some might find interesting.

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Ginguro Exploration Inc.
TSX VENTURE : GEG



August 26, 2014 13:20 ET

Ginguro Acquires Additional 3,400,000 Shares of Canadian Continental as Drilling Starts at Temagami

SUDBURY, ONTARIO--(Marketwired - Aug. 26, 2014) - Ginguro Exploration Inc. (TSX VENTURE:GEG) ("Ginguro" or the "Company") is pleased to provide an update on the company's investment in Canadian Continental Exploration Corporation ("Canadian Continental").

Canadian Continental Temagami Anomaly Exploration Activities - Drilling Resumed

In February of 2014, Canadian Continental began an ambitious drill program of the Temagami anomaly (see Ginguro press release dated February 12, 2014). Two holes over 1,000 meters deep were drilled at that time. They were the first holes ever to succeed in penetrating the cover rocks over the Temagami anomaly. The archean basement rocks encountered under the cover rocks consisted of various volcanic, sub-volcanic and volcano-sedimentary rock types, possibly indicative of an extensive rift environment. However, these volcanic rocks do not explain the massive Temagami magnetic anomaly. The magnetic source is still deeper than the drilling to date.

Geophysical modeling of the magnetic anomaly suggests a depth to source range between 1,500 meters to 2,500 meters vertical. Canadian Continental has started drilling again at Temagami. Hole 14-01, which was ended at 1,071 meters earlier this year and is poised directly above the anomaly, is being deepened in order to intersect the highly magnetic source rocks, which are below it.

The location of the Temagami anomaly is on a regional magnetic and gravimetric trend, which includes the prolific Sudbury Basin. East of Sudbury along this trend the cover rocks make exploration difficult, however mineral deposits have been discovered on the trend such as the Copperfields deposit, one of the highest grade copper deposits ever found in Canada.

Increase in Ginguro's equity investment in Canadian Continental

The Company also announces that it recently executed an amendment to an Asset Purchase Agreement with Canadian Continental, which was previously announced December 17, 2012. Pursuant to that amendment, the outstanding deferred proceeds owing by Canadian Continental of $900,000 have been settled by Canadian continental as follows:

A payment of $50,000 cash to Ginguro; andThe issuance of 3,400,000 common shares of Canadian Continental at a price of $0.25 per share.As a result of this issuance of common shares of Canadian Continental, Ginguro now owns a total of 7,150,000 common shares, representing a 21% stake in Canadian Continental. As the Company also owns 5,000,000 warrants of Canadian Continental exercisable at $0.50, its ownership in that company on a partially diluted basis would be approximately 31%. The Company also owns a 0.5% royalty on future production from Canadian Continental's El Alto property in Chile.

"Canadian Continental's Temagami project is a very ambitious exploration program" remarked Wayne Whymark, Executive Chairman of Ginguro. "Ginguro is proud to be a large shareholder of Canadian Continental and fully supports the effort to intersect the Temagami anomaly."

About Ginguro

Ginguro Exploration Inc. is a mineral exploration company focused on the advancement of its Pardo paleo-placer gold property, located in Pardo Township in northern Ontario. To learn more about Ginguro Exploration Inc., please visit: www.ginguro.com.

The Qualified Person responsible for the geological technical content of this news release is Richard Murphy, P.Geo, President and CEO of Ginguro Exploration Inc.

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" in the Corporation's filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Corporation does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Ginguro Exploration Inc.
Richard Murphy
President and CEO
(705) 222-8800
info@ginguro.com
www.ginguro.com










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To: Erie who wrote (56)4/24/2016 8:28:17 PM
From: JW@KSC
1 Recommendation   of 728
 
Erie & Stem - I agree that ENDGF has been a pain or a thorn in some aspects, most likely since the Ginguro / Investus had to go to arbitration with Endurance back in 2013.

This does not preclude the fact that ENDGF did a lot of the Exploration, and we have heard nothing from ENDGF at all, and it has me wondering WTH is really going on??

Stem -
Basically I believe they know this "bulk sample" really is not a sample at all. Rather, it is the commencement of the lowest cost per ounce mining operation in the world......
IMO I don't think they will begin full mining operations anytime soon, at least not this year.

Granted Bulk Sampling does involve a rudimentary form of Mining or Trial Mining. DRilling grades thus far are to spoty at this point and Bulk Sampling may give a better overall Average of Grade from an area. Which is Why Sprott Mining will most likely be Bulk Sampling in the JV Area probably, 007 Zone down to the Godzilla Zone, of course I'm just guessing.

A better understanding of the entire project is still required and they have not finished connecting enough dots between the zones yet to push forward with full scale mining operations.

"Sampling of placers is difficult, as placer deposits are typically stratified with increased concentration of values in layers, especially on bedrock. Often the paying layer of bedrock may extend one or more feet into bedrock because of crevices. If the placer values are coarse in size, the nugget effect can be especially bad, making the determination of a true average extremely difficult. Checking placers by fire assay almost always gives misleading (higher than expected) results as the fire assay captures gold within fragments of quartz and other mineralization that normal placer operations simply cannot recover. Good placer sampling requires larger-sized bulk samples and accurate collection of materials from the bedrock or other paying strata such as false bedrock or flood layers. It is also much better to test a placer using recovery methods similar to those that will likely be used when the deposit is mined."

But with Sprott on board, as well as Sprott Mining things are looking up.

I'm awaiting to hear the take on the Management Committee Meeting and the Decesion on Consolidation and also possibly something happening with the JV partnership. Not sure on that last point, but with Sprott Mining coming in, and ENDGF (probably like the rest of the Industry "Brother can you spare a Dime") is probably in need of Capital for other projects in Alaska, Wyoming, Yukon & Dogpaw in Ontario, perhaps there maybe a buyout of the JV portion of Pardo by another entity? (PURE SPECULATION on my part) If I were Endurance Management I would not Let Go.

Who knows what ENDGF thinks of bringing in Sprott Mining, and they getting the Limelight at Pardo?
Possibly a reason for no PR's from Endurance ?

Perhaps Sprott Mining will work on Bulk Sampling and Enduance will continue Exploration?

Let's take a look at the PARDO Picture forming, a little dated but helpful.















Above pictures and drawings are from an Endurance Presentation. They perhaps may help in understanding the PARDO Project a little better.

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From: JW@KSC4/24/2016 8:45:00 PM
   of 728
 
Rhino - Great! I'm glad someone figured out Interrelationship Part 3 ! Of which I had not put final touches on the post , I was just gathering more Info before posting. What I had done thus far:
Way to go Rhino!

OK the first company Interrelationship is with a Canadian Company called Canadian Continental.
This company was drilling the Temagami Magnetic Anomaly, in an attempt to reach the source.

Ginguro gets first shares of Canadian Continental
Ginguro Exploration Enters Binding Letter Agreement in Which Canadian Continental Can Earn a 70% Interest in El Alto Property.
Ft Lauderdale, Florida 12/02/2009
transworldnews.com
.

October 17, 2011 10:30 ET
marketwired.com

Ginguro Closes Both Equity Financing and Property Sales
Monday, December 24, 2012 7:21
beforeitsnews.com

Ginguro Provides Update on El Alto Drilling in Chile
Feb 12, 2014
marketwatch.com

Press Release | Tue Aug 26, 2014 1:20pm EDT
Ginguro Acquires Additional 3,400,000 Shares of Canadian Continental as Drilling Starts at Temagami
reuters.com

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To: JW@KSC who wrote (62)4/24/2016 9:19:48 PM
From: StemuliteWorks
   of 728
 
You ever watch "Gold Rush" or "Bering Sea Gold" on TV?

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To: JW@KSC who wrote (63)4/24/2016 9:48:03 PM
From: StemuliteWorks
   of 728
 
Also, any other idea why we have heard nothing with regard to Canadian Continental recently? I still have not received my proxy instructions. Usually these instructions are very thorough and cover all aspects of the company, almost like a 10K. Was or any mention in there about Canadian Continental? Should at least show in assets....

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From: StemuliteWorks4/24/2016 9:57:57 PM
   of 728
 
The reason I bring up these two realty tv shows is simple.....They produce gold! And they produce gold very inexpensively. I am of the opinion that all small claims should have a couple minimum wage workers gleaning whatever they can so there is "something" hitting the bottom line.

In our case with Inventus however we have a huge advantage over most types of mining operations because of the nature of the deposit. I still hold the contention that there will be no samples, only production....you will see.

PS: There will be revenue to report in the next full quarterly report.....

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