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- in reply to: Stock exchange listing #6195
CW,
I’m a little surprised. I woulda thought that a “junior” miners fund would include such “microcaps”.
Are there any funds that do?
Regards,
Fred M. cainin reply to: Clips from Alleghany #6196If you live in Northern California you are very familiar with what Scoop writes now: rain, more rain and rain melting a lot of snow. Area dams are at or nearing capacity with weather projections for storms through Saturday. This morning a new slide closed Highway 49 near the South Fork Yuba River Bridge. It is a big one. Expect closure estimates range from two days to a long time. Trees are uprooted everywhere. Last storm knocked out electrical power for a couple of days and phone lines out almost a week.
Here’s the exciting news: Kanaka Creek is raging. The creek water is higher than the Twenty One portal; so creek water is flowing into the mine. Mike picked up a hundred sand bags and the miners will block the water before it flows down an old raise. The pumps aren’t keeping up with increased water seepage that cannot be diverted out the drain tunnel. This is a first anyone knows, where the creek flowed into the mine. This weather beats the 200 year flooding of 1996-97.
Twenty three Northern Cal counties are declared red alert for flooding. Oroville Dam (about forty miles north of Alleghany) has a serious issue. Water going over the spillway eroded chucks of concrete. People saw chunks flying away and notified the govt.
Water is diverted above the dam (earth filled) but still more water is flowing in than is released. A radio report assured everyone downstream not to worry. The water engineers are looking into the issue. This dam is the tallest dam in USA and stores 3.5 million acre feet of water. An acre foot equals 325,851 gallons. In other words, the govt. news release means: don’t worry folks living downstream from the dam. (Right!)
Pack the car, honey; gather the pets and be ready to boogey!
in reply to: Gold Enters Major Bull Market #6194The gold share sector has turned around along with gold, both turning weekly bullish.
The probabilities of the current strength continuing for an unknown matter of weeks is very good.It is suspected that when the 50 day moving average line on many gold stock charts, a technical condition known as the “kiss of death” crossed below their 200 day moving average lines many professional traders sold these shares short. Part of the strength in the sector is attributed to these folks buying back these shorted shares at a loss.
Predicting lower gold prices in lieu of the sector’s strength doesn’t appear at the moment to be prudent, along with gold recently turning weekly bullish. Lower gold prices, if they come, will have to wait for another day.
in reply to: Stock exchange listing #6192Here’s a stock-related question: About a year and a half ago, I bought some shares of a so-called “ETF” (exchange traded mutual fund) known as Van Eck “Junior Gold Miners”
Now for the question: Is the Original Sixteen To One (OSTO) included in this ETF’s portfolio? And, if not, why not and can we do anything about that?
Regards,
Fred M. Cainin reply to: Stock exchange listing #6193Fred – this company’s shares are not included in that ETF. That ETF has various criteria for the components/holdings. Among these are minimum share trading volume requirements that OSTO does not even begin to get close to. The ETF provider has to use stocks that have a certain amount of liquidity so that they can meet redemption requirements without pushing the value of the underlying shares down substantially.
I do not see any ETFs, ETPs, or mutual funds that currently hold any shares of the mine.
Perhaps Blair Hull could buy it in his own ETF? He owns enough shares to be a market maker. (I am just kidding, as his ETF does not invest in individual stocks)
in reply to: INTERSTATE COMMERCE AND SMALL MINES #6191Oops!!! The Court denied MSHA’s appeal. I’m happy you are watching.
in reply to: INTERSTATE COMMERCE AND SMALL MINES #6190In your second sentence below: Did you mean that the Court denied your appeal, or did they deny the MSHA motion to dismiss your appeal? Thanks…
in reply to: Stock exchange listing #6189Shares rallied today, up 50%, from 4 cents to 6 cents!
(posted for informational purposes only. I have no other facts or opinions to add regarding this.)
in reply to: Ideal Time for Facts #6188Some good comments/info in the post below.
One thing they did not mention was the current strength of the US $, and the fact that it may become weaker (Trump has alluded that he would like a weaker USD – this helps any USA company that exports goods/services to countries who pay in other currencies). If the USD weakens, then that should be good for the price of gold (and other commodities in general). I do not want to get into it here, but there is usually an inverse relationship between the strength of the dollar and the price of gold/commodities. One of many caveats however, is the Federal Reserve Open Market Committee. If they continue to raise the federal funds target rate, a result should be a stronger US dollar. The USD is the reserve currency of the world, and will be for the foreseeable future. It’s strength or weakness should have some effect on spot gold prices.
in reply to: INTERSTATE COMMERCE AND SMALL MINES #6187MSHA lawyers filed a motion to dismiss our appeal (see below). The court denied the appeal and set a date for briefs the end of April. I am pleased. No technical mistakes were made in the process of moving this unlawful extension of federal authority over American miners. Section 4 of the 1977 Congressional legislation that birthed MSHA cannot be clearer. Our Ninth Circuit Judges have corrected clear misbehavior of federal employees and agencies in historical deliberations brought before the Court. I expect this result. Western USA miners are put out of business or have lost jobs due to the illogical stance of MSHA. Time to clean house!
Who are the people behind this lawlessness?
The Mine Safety and Health Administration (MSHA) is an agency of the United State Department of Labor which administers the provisions of the Federal Mine Safety and Health of 1977 (Mine Act) to enforce compliance with mandatory standards as a means to eliminate fatal accidents to reduce the frequency and severity of nonfatal accidents, to minimize health hazards, and to promote improved safety and health conditions in the nation’s mines. It works and our action is intended to follow the law, not eliminate MSHA. My industry has benefited from other professional eyes at our mines; however, Congress recognized that mines under a specific circumstance do not fall under the Mine Act. This was well examined by Congress, bureaucrats and the industry, and is the law: operations of mines that affect commerce shall be subject to the provisions of this Act.
THERE IS NO EVIDENCE IN THE RECORD TO SUPPORT MSHA’s POSITION THAT WORK PERFORMED AT PLUMBAGO HAD AN AFFECT ON COMMERCE. There are no losers when we win this appeal, only winners including every American. Financial and legal assistance for our research and very qualified attorney is needed.
in reply to: L.A. Times Article #6186Mike, I am in complete agreement with your analysis of the LA times and the propaganda they preach. The NY Times is also guilty of the same trip and agenda to demonize the development on our nations natural resources.
in reply to: Ideal Time for Facts #6185Information about gold has numerous sources. Many relate facts and opinions to support a bias view intend to support some theory, position or gain by the writers. My subscription to the World Gold Council goes back decades. It is required to declare ones interest from six categories. I checked ‘Gold Mining and Gold Technology”. Below is a summary from a report I received today. It covers investment yet you may find it interesting as I did.
Outlook 2017 World Gold Council
Global economic trends and their impact on goldThe gold price had a strong performance in 2016, rising close to 10% in US dollar terms (higher in most other currencies) and amassing multi-year record inflows through physically-backed gold ETFs – making it one of the best performing assets last year, despite a post-US election pullback. And the price has gained more than 5% since the Federal Reserve (Fed) increased rates in mid-December.
Political risk is rising. Europe will hold key elections in the Netherlands, France and Germany in 2017. The election cycle will happen “against a backdrop of continued citizen unrest, fueled by the ongoing uneven distribution of economic welfare.” In addition, Britain must negotiate its exit from the European Union. In the US, there are positive expectations about some of the economic proposals of President-elect Donald Trump and his team, but there are also concerns
Monetary policy is likely to diverge between the US and other parts of the world. The Fed is widely expected to
tighten monetary policy, but it is far from certain that other central banks may be willing and/or able to do so.
over the past century, gold has vastly outperformed all major currencies as a means of exchange. One of the
reasons for this is that the available supply of gold changes little over time – growing only 2% per year through mine production. In contrast, fiat money can be printed in unlimited quantities to support monetary policies.Nominal interest rates are widely expected to increase in the US this year, but all the economists we spoke to
forecast that inflation will rise as well. An upward inflationary trend is likely to support demand for gold for three reasons. First, gold is historically seen as an inflation hedge. Second, higher inflation will keep real interest rates low, which in turn makes gold more attractive. And third, inflation makes bonds and other fixed income assets less appealing to long-term investorsStock markets had a significant rebound in the last stretch of 2016. And while some stock markets are just recovering from lackluster multi-year performance, stocks in the US have reached historical highs. In many cases, valuations have been elevated, as investors increase their risk exposure in search of returns in a very low yield environment.
Until now, investors have used bonds to protect their capital in the event of a stock market correction. As rates
rise, this is a less viable option – and in the meantime, the risk of a correction may be increasing. The interconnectedness of global financial markets has resulted in a higher frequency and larger magnitude of systemic risks. And as Jim O’Sullivan puts it: “The [US economic] expansion will not last forever.” In such an environment, gold’s role as a portfolio diversifier and tail risk hedge is particularly relevant.Macroeconomic trends in Asia will support economic growth over the coming years and, in our view, this will
drive gold demand. In Asian economies, gold demand is generally closely correlated to increasing wealth. And as Asian countries have become richer, their demand for gold has increased. The combined share of world gold demand for India and China grew from 25% in the early 1990s to more than 50% by 2016. And other markets such as Vietnam, Thailand and South Korea have vibrant gold markets too.While jewelry demand in China has suffered from changing consumer tastes, the investment market has undergone a remarkable period of development. In little more than 10 years its bar and coin market has become one of the world’s largest. Trading volumes on the Shanghai Gold Exchange are increasing. And interest in new products continues to increase; we believe innovation should continue to support China’s gold market in years to come.
Gold is becoming more mainstream. Gold-backed ETFs made gold accessible to millions of investors, primarily in the West, over the past decade, but other markets continue to expand too. China has seen dramatic growth in recent years through Gold Accumulation Plans, physically settled gold contracts in the Shanghai Gold Exchange
In Japan, pension funds have increased their gold holdings over the past few years. In the corporate sector, more than 200 defined-benefit pension funds have invested in gold. In addition, more than 160 defined-contribution plans have added gold to their list of investments. We expect this trend to continue and expand into Western markets, where pension funds have had to rethink asset allocation strategies following prolonged exposure to low (and even negative) interest rates. In our view, this will result in structurally higher demand. Innovation is evident across all markets, but at the end of last year one development stood out. The Accounting and Auditing Organization of Islamic Financial Institutions (AAOIFI), with support from the World Gold Council, launched the Shari’ah Standard for Gold, opening up the Muslim world to gold investment.
in reply to: Risk Management Strategies #6183How about the mine?
During the 1980’s and 90’s a fundamental yet unique corporate policy was established by a world class board of directors: Charles Irving Brown, Leland H. Erdahl, Willard P. Fuller, Sandor Holly, Scott K. Robertson Richard Clarke Sorlien, Brian R. Van Camp. It remains today. The mine and mining its bountiful gold is our greatest responsibility to guide management and lead our Company to prosperity. So, what’s going on in the mine?
We are working three active headings. All headings are north of Tightner Shaft: Compromise Raise area above the 800 level; 1076 stope (far north) twenty feet above the 1000 level; 1500 level south of the 1064 winze. All three have produced gold for us. The 1500 level now holds the greatest potential as we blasted the face last Thursday for the first time, producing a small amount of gold. The signals leading to this target are not in an old stope or pillar. It is a significant block of virgin quartz about 300 feet wide and continuing 300 or more feet up dip. Handling the muck is not an issue. Traveling to the heading is the greatest obstacle both for the miners and supplies. Unless the geology (or detectors) tells something different, the crew will mine this quartz the old fashion way: run a raise and wing off in two directions. Three miners work this heading.
Gold is presence in the shot ore on the ground in the 1076 stope. We have been here off and on for five months. Three miners work this heading, running detectors to locate and sack gold. Some jewelry chunks are in the pile, but most rock will continue to be ore for the high-grade mill (six to 12 ounces per ton).
The crew continues to dewater the lower workings. The next milestone will be walking on the 1700 level. We are surprised how good the 25 horse power pump is moving the water. At some point is will just quit the lift. Three choices face us but one must be taken to continue lowering the water: add another pump to the 49 winze, move the pumping systems (plus another pump) to the Tightner Shaft or to the present location. This is an ambitious plan!
We made a significant investment in two heading currently on hold: the ZERO Level and the Compromise Raise area. They are on hold for conservation of capital to hire more miners. This is a tough call for me and could be too conservative (cautious). I’m sleeping on this decision every day. I will feel more comfortable adding miners after completing the 1076 stope and working the 1500 level for a month or so. Maybe the gold inventory will increase enough to make it an easy decision.
Maintenance is ongoing. The track always needs attention, ground support is checked regularly and our phone lines and utilities need ongoing attention. The current MSHA inspector is a real pain and has caused us unnecessary work to satisfy his opinions of safety. He has never been a miner in an underground mine, something now ongoing with MSHA inspectors.
I’m working with Hans, a German gold admirer, to develop a European jewelry market for quartz/gold. Our bank has about $75,000 of slab available for export. Hans has created a style of jewelry that has a new look for the world.
The financial goal is: no more debt and eliminate our existing debt. Sure, I want to mine our way to reach this goal; however if the right people learn that one of the greatest gold mines in the world wants to expand, we will work out a deal to make it happen. Our finances improved recently but it is still under pressure. I will explore ways to become debt free and sassy.
My gold mining business sense leads me to a belief that the future for a gold producing company (us) is getting more promising. I will always remember what Lee Erdahl told me when asked about the price of gold. His answer was, “Well, one thing I’m sure of is it will either go up or go down.” Thanks, Lee. Spot price is an external. Our internal picture is improving weekly.
This report is for all of you who continue reading the FORUM. Stick along for the ride in 2017. I am.
MMM
December, 2016in reply to: L.A. Times Article #6184What is a forum?
Funk & Wagnalls Standard Dictionary has a thoughtful answer. “A public market place of an ancient Roman city, where popular assembles met, and most legal and political business was transacted.”
My plan and reason for creating this “FORUM” almost fifteen years ago mirror that definition, but the focus is gold and gold mining. As it grew I worked with its organization and decided that the number of topics must be controlled. No more than twenty seemed best. Miscellaneous became the dumping ground for unique or special isolated topics. The L.A.Times Article went to sleep on June 11, 2005; however its relevance and historical importance seemed timeless to me. I just could not delete or move it.
Does anyone read it anymore because it is so outdated? Does it deserve its place among the active topics (there are 22 topics now)? As editor, what should I do with this old reality?
Well, I reread the entries this morning and found the writing splendid and the discussion regarding journalism and reporters is still relevant. Ours is an indisputable case study of media inaccurate reporting, but now a name has been given to the work of the L.A. Times Article: fake news. What a tragedy and shame the practice has become so prevalent!
The L.A. Times Article had no input for 12 years and 7 months. Today this will change by the push of a “send button”. I hope you find the time and interest to scroll down to the first entry by gfxgold and begin a story that (with different people and circumstances) continues today (or read it from recent to first). Surely you may have comments to add.
in reply to: Clips from Alleghany #6182Before the Pineapple Express hit our remote mining camp called Alleghany, everyone from Pike to here lost electric power and phone land lines. Now most of you won’t think that a lost phone line is significant. Doesn’t everybody have a pocket phone? Think again. Some refuges from city boundaries have zero outside communication when a land line goes down, and they do. It took days for AT&T and PG&E to fix the problems. Rumor creeps into our conversations that the phone companies want to eliminate land lines. Hey out there! Help us stay alive. Don’t let it happen.
In the 1930’s the feds put a law down that rural areas must be served lifesaving utilities like the telephone. Scoop doesn’t know the law’s name but it is still on the books. Rural California is at the whims of that urban crowd. So are rural Idaho, Kansas, Ohio and Maine. Acceptance of rurality stretching across the great America is an endangered concept.
Oh, balls, sidetracked again from directly responding to the stalwart, Bluejay.. Bluejay, thanks for the well wished. Pineapple Express gave Alleghany relief from the piles of snow and slush on our roads and driveways: Snow gone; Sacramento Valley flooding; Sierra Nevada Mountain summits happy.
in reply to: Clips from Alleghany #6181Good luck to all the residents of Alleghany when the Pineapple Express hits this weekend.
in reply to: From the Sixteen to One Archives #6180While scrawling through some internet headings, I found reference to our FORM 10-QSB. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549
QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934For the Quarter Ended September 30, 2002 File No. 001-10156
SUBSEQUENT EVENTS
On October 29,2002, The Sierra County Grand Jury issued an indictment against Michael Meister Miller, Jonathan Farrell and Original Sixteen to One Mine, Inc. The next court date is November 20, 2002 for arraignment. Management believes the accusations are groundless; however, because the instigating prosecutors are private non-governmental lawyers outside the standard criminal system, a vigorous and time demanding defense and offense are necessary to protect the shareholders’ interests. Even unfounded criminal accusations are mentally debilitating and time consuming. Because Miller and Farrell hold key management positions, the company may suffer substantial and significant damages due to the distraction caused by the prosecutors.What a time! What memories! Why did I bring it up today?
With a Company like ours, history is relevant and important for someone wishing to judge what is ahead. Junior gold companies tend to issue press release about how the permitting is going and drilling projections. We are different. The purpose of this web site is to make history available to you and the many people who know nothing about California gold mining, the Sixteen to One or how we have survived into our third century.
The presentation to Sierra County Grand Jury by corrupt lawyers almost fifteen years ago threatened our very existence. The charges were specious but had to be defended with vigor. We did just that. The unethically lead lawyer should have been disbarred. He wasn’t. He lost his job and moved on to some other job, which he also lost. He should have been disbarred! We survived this attack!
Our small but vastly important natural resource development industries face a similar crime by government employees from various agencies. The crime to the public and those working in these industries centers in how regulations are enforced in light of how the respective governments wrote the laws for regulation. I want regulations and I want them fairly enforced, enforced as Congress and State houses wrote them. In almost every regulatory law I have read (and there have been many) reasonable is mentioned along with beneficial use to the public and non-public. We survived these attacks!
I look forward to the time when the Americans holding high agency positions set the example for their employees to become the helper to Sixteen to One mine (and all improperly regulated entities) not a rogue cop. It may not be far away. Let’s be progressive, moving forward or step by step. I believe in progress and promote reforms or changes. Your ideas and participation are most welcomed. The United States benefits from the domestic gold brought into the financial market and the need is increasing each day.
For our hard working traditional, hard-rock, underground, gold miners and directors, our message for the 2017 year is “Truth, like gold lies at the bottom.”
We will do our part to preserve, protect, enhance and bring a rare American natural resource into the coffers of our country. I dare say, we will exploit our gold, which means we will out it to use. The 2017 year makes me, an overtly optimist, smile. Truth, like gold, lies at the bottom. Happy New Year.
in reply to: Gold Enters Major Bull Market #6179Hi Mike
I am to a large degree a market technician.
The current slide in the gold shares appears to be ending for the short term. In regards to gold, this is a more tricky subject. The respected Martin Armstrong is calling for a lower metal price. This would mean a continuation of the current intermediate down phase, if his opinion pans out.
I continue to see gold in a major bull market with downside possibilities to the 800 area.
I see a shift coming into the gold shares and away from the metal.
The extreme for gold on the upside now is around 3000.
At the moment, I am following Barrick Gold to support my increasing relative strength opinion for the sector.
Disclosure: I do not hold Barrick shares. Most of the families assets are in gold and silver coins and specimens.
in reply to: Clips from Alleghany #6178Hello Scoop!
There is a little favour I would like to ask you.
As long as there is not too much snow on the ground please find someone to check the surface area where the new shaft is planned with the best Minelab Equipment at hand.
And I wish you that you will find an outcropping reef just beneath the surface.in reply to: How to Approach Thin Veins & Cost #6177Americans are becoming aware of the extraordinary expenses placed on small businesses due to questionable regulations and their enforcement. California and federal governments are guilty of valueless yet punitive standards and the execution of regulations by feebly qualified governmental workers. These are true and factual realities capable of proof at the Sixteen to One mine. I meet those whose job it is to enforce regulations. Some are reasonable but claim that the higher ups are the ones dictating how to regulate. Too many seem to enjoy the powers to run over the small operators, like us. It is an epidemic.
You probably have read that there is no underground gold mining industry in California. You know that the Sixteen miners are the last full time mining crew still employed. Can you guess what rate our Company is charged for the required workers compensation insurance? Go ahead and write down a guess. The rate is calculated per $100 employee income.
Insurance is a statistical numbers game. I have battled the rate setters with no results. Since there are no operations in California like ours and the private insurance companies don’t touch California underground gold miners, we are forced to buy the requires insurance from California State Fund. Since July 23, 2013 to November 22, 2016, our company paid State Fund $170,972.91. For what? How was our rate established? Is ours high risk?
There were no claims during that time period. Historically, there were no claims in the 21st century for workers comp insurance (accident or injury). We have four classifications: Mining underground (1123-1 code number) base rate is $68.51 per hundred; Mining Surface of underground mining 1124-1 code) base rate is $23.90; Jewelry mfg. (3383-1 code) base rate is $9.01; Clerical office (8810-1 code) base rate is $0.99. All amounts are for each $100 of pay.
Many followers here are interested in real mining, not blue sky hype. Ponder what a gold miner in California must experience. Here is what will help. Find an insurance carrier to cover underground workers compensation now. As our special niche grows in the important global economy in the coming years, all of us will need a better way to provide the required employee insurance. Workers comp is in addition to all the state and federal payroll taxes. Gold mining is not for the meek!
in reply to: Gold Enters Major Bull Market #6176HELLO BLUEJAY
Some savvy financial businessmen I know commented about the posture of the gold market in the near term. All agree that this current fall is an event in the bull market regarding price. What do you see for the current slide?
Comments include: regarding the increase buying power of the US dollar, the reality (or threat) of inflation is ignored; the price manipulators will drive the price down in order to firmly set a low before increasing gold inventor for the future bull increase.
I always fall back on what our great past director, Leland H. Erdahl, recommended as a response when asked about spot pricing. “Mike, rest assured that the following will be the truth. Tell them the price will be higher or lower, it goes up or down and that is about all one should expect.”
With this caveat in mind, how do you see the coming months?
We don’t play the gold market. We are sellers this week because bills must be paid. Oh, well. Next week, I am sure, spot will be higher or lower.
Great time to support the Gold Museum, buy a Colorful 2017 Calendar and write a tax deductible check.
Calendars are a perfect way to send “Happy New Year” greeting to friends.
Maybe Rae can put up a sample photo of the 2017 calendar…?
Best wishes to all and for a Bonanza Strike in 2017,
Dick Davis
in reply to: Water and Arsenic: which came first? #6174Dear Forum participants,
When you have some time, check this out. Pass it along to others as our operation moves forward towards increased gold production and excitement in 2017.December 12, 2016
Hello Everyone,Wanted to let you know that our radio tour into the 16 to One Gold Mine in Alleghany is now complete. Go to the following URL (Resources tab in the Operation Unite website and look under the Meet Your Mentor subsection:
http://www.operationunite.co/resources/You will find the radio show and two video clips from our day’s activities.
I had a wonderful time recording our experience in the mine and appreciate each and every one of you. Mike, thanks again for opening up the mine to Meet Your Mentor and the time that you shared with us. Ronit, hope we added even more excitement and focus to your geologic pursuits.
Happy Holidays everyone and have a wonderfully prosperous new year.
Respectfully,
Stephen J. Baker
Hydrogeologist, California/Washington PG, HGDecember 13, 2016
Dear Steve,
Nice work. I clicked the web site and your video magically appeared. Others should find the two videos an interesting trip. I did.
Regards,
MMMin reply to: Stock exchange listing #6173The stock wizard that ordered the sale of those 10,000 for ten cents a share lost $2,125. Check the bids on the STOCK topic. No comment!
in reply to: Stock exchange listing #6172I noticed the other day a block trade, which was the only trade that day, I think 3 days ago – 10,000 shares at 0.10
I have no information, this is just an FYI.
in reply to: Clips from Alleghany #6171Hello out there! Hello outside world!
Our Alleghany community is without phone service beyond Alleghany. There has never been any cell phone service here, so that little pocket phone is out. Sometime last Saturday (November 26) all AT&T phone service to anyplace but Alleghany quit. Strange that Alleghany people could call other Alleghany people but no other phone numbers. No incoming calls reached our little mining camp.
If anyone is calling Alleghany, you hear a voice saying that the lines are disconnected, no service. AT&T says service will be restored by Thursday, December 1. We are here. Are you still there?
in reply to: Ideal Time for Facts #6170Found this at the bottom:
“Mariposite formed when serpentine was altered under pressure by mineral-laden hot (650oF) water. The water, containing potassium, silica, carbon, oxygen, and other elements, flowed upward from sources deep in the earth’s crust along fractures, faults and fissures in the rocks. When these hydrothermal fluids reacted with the serpentine, they formed deposits of quartz, chromium-rich mica, sulfides, and occasionally gold. At that time these rocks were completely hidden under the surface of the earth. The ancestral Sierra Nevada began to began to rise 100 million years ago (Hill 1975) and the rock above the mariposite slowly eroded. The rich veins were exposed about 45 million years ago. Continued erosion released the gold from the rock and streams carried it down the slopes.
Mariposite rock and the varied quartz and gold veins are found along the mother lode’s Melones fault which separates the Paleozoic Calaveras Complex phyllite from the late Jurassic Mariposa Formation greywacke and volcanic rock.”
in reply to: Ideal Time for Facts #6167Dear geologists on this forum:
“The appearance of Mariposite all over the Northern Sierra Nevada was caused by the same hydrothermal processes that caused the gold precipitation inside the quartz veins.”
Is that true?
in reply to: Ideal Time for Facts #6166When I take people into the mine, I stop on the 800 level where there are magical open stopes, pillars and thick quartz. Included in the quartz is a “horse”, a miners term for some irregularity dragged into the vein.
Most of the time a horse is a mass of country rock lying within the vein. This horse is mostly bluejay. I asked what makes this rock green? Copper is the favorite guess, which is not true. The answer is chrome.
For those geologists out there mariposite is a chromian variety of phengite, a siliceous variety of muscovite.
The real old timers believed that the appearance of bluejay held promise of gold nearby.
in reply to: Ideal Time for Facts #6165Thank you Big Al. I understand now what the miners mean when they speak of BlueJay.
in reply to: Ideal Time for Facts #6164Hi again Hans, I misspelled it, it is spelled Mariposite. Here is a link to more information and pictures. Big Al http://mariposachamber.org/mariposa/mariposite-the-rock-that-made-california-famous/
in reply to: Ideal Time for Facts #6163Hi Hans, BlueJay is another name for Maraposite, it is quartz based with white and green to blue green characteristics, there is quite a bit of it in the Allegheny mining district. I have personally saw a lens at a mine I worked at that was over 50 feet long, it is a very hard rock. BigAl
in reply to: Ideal Time for Facts #6162Could readers of the Forum please give me some information on the chemical nature of the mineral that the miners call “Bluejay”?
In addition it would be interesting for me to learn more about the appearance of Bluejay in the neighbourhood of of gold-bearing quartz veins.
in reply to: Clips from Alleghany #6161In addition to the splendid Northern California “Indian Summer”, interesting stuff makes today a good day to be excited about life. Who can deny (with credibility) that the election of Mr. Trump gives the Sixteen blue collar miners a more prosperous and safer future than the continuation of ‘the establishment’ in government. The expectation that the changes in Washington D.C. expressed by the President elect was cheered by the entire crew. Hooray may be premature but the move is in the right direction. Good luck and best wishes for your success.
Last week Mike brought a diversity of people who study ground water in fractured systems underground. The group comprises geologists, hydrologists, graduate students from UC at Davis and academics. (Scoop was invited on the underground tour.) One guy stood out.. Mr. Vasant M. Wagh is an Assistant Professor , Department of Environmental Science at the Swami Ramanard Teerth Marathwasa Univewrsity in Maharashtra, India. While water was the focus, he had more questions about the gold deposit. Mike made a comment that India’s culture appreciates gold much more than American culture. He smiled and agreed.
A fresh approach towards detection technology was suggested last week. The sponsor will soon meet in Saxony to draw up a plan for further action. The mine’s message is the same now as twenty years ago: exploration with detection to economically improve mining strategy will find an obscene amount of gold.
Pumping the flooded levels of the Sixteen is about to open the 1700 level. Future benefits are assured.
in reply to: Let’s back physical shares with physical gold #6160More information about the time stamp mentioned below.
If you live in Hungary, the time of posting on the FORUM is actual time. If you live in California as I do, it is nine hours different. So if you are in Chicago, it is seven hours. Sandor Holly, past director, is Hungarian and wrote me last night with the explanation.
Hans, I look forward in receiving your report, email is best. Where have all the spirited, adventurous and speculating capitalists gone? Our under financed operation became tediously old after the 2007-2008 financial collapse; however, few junior gold producers remain. We have.
The pattern of operating the Sixteen to One has a solid history going back over an 100 year history. We’ve blown that pattern and have been outside its proven success the past ten years. Last year was profitable, which is certainly better than a loss. What bothers me is the knowledge that the mine has many areas with positive evidence that mining them will bring forth one of those 5,000 to 10,000 ounce concentrations. Eight locations stand out. This means we must increase our crew. When we do hit a pocket, the result will be rewarding.
While more sophisticated technology for detection remains elusive, the Australian Mine Lab detector, which we bought last January has led the crew into new gold. We know it has increased the depth of identification. This means that most of the exposed vein with favorable geology and history must be re-examined. It’s a big vein system with miles of exposed vein to reexamine.
Economically speaking, the dynamics of scale of mining is working against us. We need some cash to buy more labor! We need a crew in each of those eight lip smacking underground areas of high probabilities. Even today, though, our crew can open up the right ground to mine several thousand ounces. We have done this before. Lady luck likes an honest gamble.
Our story is rock solid and appealing to anyone thinking about the future of gold. Pundits are speculating for increasing demand of gold in the coming years. We are doing okay with current prices but any increase helps. Most people with risk capital or excessive wealth must think about gold but shy away. Gold is a tricky asset, but then again knowledge is power. Original Sixteen to One Mine, Inc. shares the top tier with few companies owning under developed gold assets. I can prove it.
in reply to: Let’s back physical shares with physical gold #6159I have done what Mike has suggested to do a few days ago – I have reviewed the entire thread.
And now I have just finished doing, what I had suggested to do about 18 months ago.
I have drawn up an action plan for Origsix to pursue in 2017. It is not ready yet to be posted on this FORUM.
But I will send it to Mike for further review by himself and the Board.
Hans
in reply to: Let’s back physical shares with physical gold #6158Good afternoon to all of you. The time stamp on each Forum entry is nine hours ahead of reality no matter where you live. See the topic Clips from Alleghany. It says 12:00am October 28, 2016. California time of entry was 3:pm October 27, 2016. Love these computers!
Our web master lives in Hungary. We are experiencing difficulty in reaching him to make corrections. We’re working with a California firm to upgrade the website.
This morning I reviewed the FORUM topics and thought about moving this topic to Miscellaneous. I scrolled to the first entry by Hans Kummerow, who started the whole thing on January 13, 2915. I read his original thought, my answer and found it interesting enough to continue reading each entry to Gerald’s on March 22, 2016. I liked Hans’, Fred’s and Gerald’s thoughtful participation and decided this topic must continue. If you have a few minutes, please do what I did.
Hans now has an exclusive right to buy Sixteen to One quartz/gold for Europe. He has made proto types of jewelry and will be showing his intriguing designs tomorrow at the big gemstone show in Munich. He will be there on Friday, the pro-trader’s day. Hurrah for the effort. The Sixteen to One gemstone is in the class of rarity. To my knowledge Europeans have never seen it. Hans’ jewelry made pieces with a look never before created. They show the California gemstone as it has never been portrayed. Neither of us expects quick success but we expect success.
Hans, Fred, Gerald and I left this conversation wondering how to reach the right person to join us. The objective is to mine a lot of gold that likely exists beneath the ground in Alleghany. No one believes that the old timers got it all. Technology is a key but so far no one has developed the tools to help this high-grade mine. Adventure capital increases our success and diminishes the time to achieve success. Success is measured in a gold dividend and and increase in share value.
Where is that person or those people to hear our story? I
in reply to: Clips from Alleghany #6157Remember all our time listed as the time of sending an email to the Forum is off. I will send this at 3pm on the dot.
Our web master is in Hungary and we are having difficulty reaching him. We sent a deposit to a California web site group to take over this job.
in reply to: Clips from Alleghany #6156THOUGHTS ON GOLD MINING TO INFORM THOSE UNFAMILIAR WITH GOLD MINING
AS AN INVESTMENT
It is a small group, those who operate mining companies, small compared to other basic industries. Forget what you learned from any retail experiences. Discount much of what you learned in manufacturing, research and development as well. Pay keen awareness into economic fundamentals areas, such as: risk to reward, supply and demand, laws of diminishing returns and market values. Natural resource companies require spinning ones brain in unfamiliar territories. Is it worth the effort? That depends on many things, but your intentions always are paramount. Our rules are very different for each mine and miner because our ores vary and our intentions are individually driven and executed.in reply to: Clips from Alleghany #6155HAPPY BIRTHDAY TO YOU
HAPPY BIRTHDAY TO YOU
HAPPY BIRTHDAY DEAR ORIGINAL SIXTEEN TO ONE MINE, INC.
HAPPY BIRTHDAY TO YOUand many more
The Sixteen to One mine was located 120 years ago yet the rarity of this history is that the same Company, incorporated in San Francisco, is still operating. Go get that next 83,000 ounce pocket!! There is another one somewhere nearby. Best wishes for turning 105 years old this week.
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