Owner
Post by Franko10 ™ on Sept 19, 2005 17:21:43 GMT -5
Hopefully many of them, and all leading to some kind of valuation in our Saskatchewan claims. As most of you know I have been doing research on the land claims for over a year now. We have seen an enormous change in the landscape of the Fort a la Corne area, both in size, and in the ownership of mineral claims.
In the past 26 months CMKX has acquired land claims in 13 of those months, with the latest claims on record being staked on June 16th , 2005.
Here is a basic graphic of the area we now lay claim to in the Fort a la Corne area and Green Lake area of Saskatchewan.
tinypic.com/drcvaa.jpg
To the left of the Fort a la Corne area you can see the Green Lake Area.
From the Saskatchewan Mineral Resources Website
www.ir.gov.sk.ca/default.aspx?DN=3459,3457,3451,3385,2936,Documents
Duration and Renewability
Claim: A claim may be held for two years and thereafter from year to year subject to the holder expending the required amounts in exploration operations on the claim lands (s. 34).
Work Requirements
The following exploration and development work will be accepted as assessment work for a permit, claim or lease (s. 69):
1. Stripping and trenching;
2. drilling;
3. geological, geophysical, and geochemical surveys;
4. prospecting;
5. necessary travelling and transportation costs, up to 10% of the cost of the assessment work performed; and
6. any other type of work approved by the Minister.
The manner in which work must be reported is described in detail in the Regulations (ss. 70, 71 & Appendix 2).
Expenditures
Claim: The holder of a claim must make the following minimum expenditures on assessment work (s. 36):
1. 1st year - nil
2. 2nd to 10th year - $12.00 per hectare per year
3. After 10th year - $25.00 per hectare per year .
A disposition holder may pay cash in-lieu-of work, or may obtain an extension of up to one year by submitting a cash deposit or bond (ss. 39 & 58).
Deficiency Payments: If a deficiency payment is made in-lieu-of work for a disposition year, the deficiency deposit may refunded if sufficient work is undertaken within the next year to cover the requirement for two years. If sufficient work is not submitted, all or a portion of the deficiency deposit may be forfeited to the Crown.
Deficiency cash payments, whether refunded or not, cannot be made for more than three consecutive years. After this time, work must be undertaken by the holder for at least one year (S. 39 & 58).
Extension of Time: An extension of time may be granted by the Minister to allow a holder an additional period of either 3, 6, 9 or 12 months to meet the expenditure requirements. There is a $30.00 application fee per disposition and if the work requirement is not met the cash deposit is forfeited to the Crown (s. 42).
Excess work in one year may be credited towards work requirements in subsequent years for the term of the disposition (S. 38 & 57).
In the 025 Sask Ltd. Claims, we are approaching the two year mark +90 days for some claims in the Fort a la Corne area. In the following map we can see how some of these areas may be critical to the company. In terms of potential value these claims could contain something of worth when compared in location to other finds in the area. As you can see in the above regulations nothing is absolute in terns of the next 6 months as some have suggested. The company does still have other options available to them other than just letting the claims lapse.
Based on the above we come to this.
The following are the claims in 101047025 SASKATCHEWAN LTD.
This table shows the date of expiration of the claims if no work is done on any of the claims, and the ministry of resources issues no extensions to pay any deficiency payments. The links take you to graphic images of the area locations on the Saskatchewan map.
May 6th ,1997 125 Hectares Lapsed * On October 2005 lapsed list.*
Date of Claim Area in Hectares Date of expiration + 90 days
2003 Claims
July 28th , 2003 1698 Hectares October 28th, 2005
tinypic.com/drd11h.jpg Zinc Claims
Aug 1st , 2003 77953 Hectares November 1st,2005
tinypic.com/drcy1w.jpg Aug 1st,2003 claims
Aug 27th ,2003 26210 Hectares November 27th ,2005
tinypic.com/dvfsoy.jpg 105 Claims
Sept 2nd ,2003 1168 Hectares December 2nd , 2005
tinypic.com/dvfsro.jpg 12 Claims
Oct 1st ,2003 72923 Hectares January 1st , 2006
tinypic.com/dvfsww.jpg 153 Claims
Dec 23rd ,2003 8815 Hectares March 23rd , 2006
tinypic.com/dvfsz7.jpg 37 claims
As we can plainly see, a lot of these claims include areas surrounding known finds in the area. Some of these areas have been mentioned in PR’s in the past. It will be interesting to see, after the testing Mr. Koch has spoken of with a fellow shareholder, the company retains some of these claims, or allows them to lapse.
2004 Claims
Jan 2nd , 2004 94875 Hectares April 2nd, 2006
tinypic.com/dvftbn.jpg 173 claims
Feb 16th ,2004 672 Hectares May 16th, 2006
tinypic.com/dvftdd.jpg 5 - 025 claims 155 Nevada Minerals Claims
Mar 1st ,2004 1608 Hectares June 1st , 2006
tinypic.com/dvftkl.jpg 4 claims
April 1st, 2004 96 Hectares July 1st, 2006
tinypic.com/dvftpt.jpg 1- 025 Claim, Shore Gold 63 Claims
May 3rd , 2004 47080 Hectares August 3rd, 2006
tinypic.com/dvftqx.jpg 102 Claims
Aug 3rd, 2004 18717 Hectares Nov 3rd, 2006
tinypic.com/dvfts2.jpg 55 - 025 Claims Nevada Minerals 70 claims
Aug 12th, 2004 27016 Hectares Nov 12th, 2006
tinypic.com/dvftxv.jpg 46 Claims
Dec 1st, 2004 4432 Hectares March 1st, 2007
tinypic.com/dvftyv.jpg 20 claims
2005 Claims
Feb 14th , 2005 13506 Hectares May 14th, 2007
tinypic.com/dvfu3m.jpg 44 – 025 Claims
Feb 18th, 2005 448 Hectares May 18th, 2007
tinypic.com/dvfu4o.jpg 1 Claim
Mar,1st , 2005 2304 Hectares June 1st, 2007
tinypic.com/dvfu6d.jpg 3 – 025 Claims, 18 Shore Gold Claims
Mar 14th , 2005 9905 Hectares June 14th, 2007
tinypic.com/dvfvgz.jpg 3 Claims
June 16th , 2005 1849 Hectares Sept 16th, 2007
tinypic.com/dvfvhx.jpg 2 Claims (Zinc)
Total Area = 411,400 Hectares OR 1,016,591 Acres
Keep in mind that if the lottery system of claiming lapsed mineral claims is implemented as planned in October 2005, in the southern mining district, companies will all have to change exploration strategies, and in that report results faster to ensure claims stay in good standing.
You can read the 2004 document put out by the Saskatchewan Gov't with regard to the lottery system here:
www.ir.gov.sk.ca/adx/asp/adxGetMedia.asp?DocID=4029,3440,3385,2936,Documents&MediaID=8415&Filename=Reopening+of+Surveyed+Lands+using+Lottery+System.pdf
Zinc Claims
Yes, one of our Zinc Claims has been allowed to lapse. This is the type of situation I have been alluding to in the past week or so in my posts. We cannot reasonably expect every claim to be kept. With over a million acres in inventory, I as a shareholder would hope that after testing and evaluating each claims merits, the company would start purging some claims that are not as valuable as others may be. Here is a graphical representation of the Zinc Claims. Note the dates of the claims in the picture, two of the claims are from June of this year.
tinypic.com/drd11h.jpg Zinc Claims
As you can see there are three of these claims approaching the 2 year + 90 day deadline for renewal. Again, whether the company renews these claims or not remains to be seen. The fact they did something this year in the same area already certainly lends creedence to the possibility they are still examining all options in the George Lake Area.
What does all this mean? Well, to me it means that all through the next year CMKX and its management team has many decisions to make regarding the core part of the business. To me it means we are not about to lose all of our claims as some people have stated we are. To me it means that CMKX is alive.
So of course we get to ask more questions…..
What claims will they keep?
Which claims will be deemed expendable?
Are there deals being made in Hong Kong / China?
Will we be the miners? Or just the explorers?
Will CMKX do both?
Will we see a BHP or a TINTO come into the picture?
Will we have more Joint Venture partners?
Will we merge with another entity?
Will we roll into another company?
To me this means that we can not be fearful of what the company leaves behind on its way to becoming a force to reckon with in the world of Diamonds but support the company to do the right things with what we have.
To me this means this is an exciting time to be a CMKX shareholder. I believe.
As always these are just my opinions on my research to date. If you find any errors please let me know and I will do my best to fix them.
ateyate
In the past 26 months CMKX has acquired land claims in 13 of those months, with the latest claims on record being staked on June 16th , 2005.
Here is a basic graphic of the area we now lay claim to in the Fort a la Corne area and Green Lake area of Saskatchewan.
tinypic.com/drcvaa.jpg
To the left of the Fort a la Corne area you can see the Green Lake Area.
From the Saskatchewan Mineral Resources Website
www.ir.gov.sk.ca/default.aspx?DN=3459,3457,3451,3385,2936,Documents
Duration and Renewability
Claim: A claim may be held for two years and thereafter from year to year subject to the holder expending the required amounts in exploration operations on the claim lands (s. 34).
Work Requirements
The following exploration and development work will be accepted as assessment work for a permit, claim or lease (s. 69):
1. Stripping and trenching;
2. drilling;
3. geological, geophysical, and geochemical surveys;
4. prospecting;
5. necessary travelling and transportation costs, up to 10% of the cost of the assessment work performed; and
6. any other type of work approved by the Minister.
The manner in which work must be reported is described in detail in the Regulations (ss. 70, 71 & Appendix 2).
Expenditures
Claim: The holder of a claim must make the following minimum expenditures on assessment work (s. 36):
1. 1st year - nil
2. 2nd to 10th year - $12.00 per hectare per year
3. After 10th year - $25.00 per hectare per year .
A disposition holder may pay cash in-lieu-of work, or may obtain an extension of up to one year by submitting a cash deposit or bond (ss. 39 & 58).
Deficiency Payments: If a deficiency payment is made in-lieu-of work for a disposition year, the deficiency deposit may refunded if sufficient work is undertaken within the next year to cover the requirement for two years. If sufficient work is not submitted, all or a portion of the deficiency deposit may be forfeited to the Crown.
Deficiency cash payments, whether refunded or not, cannot be made for more than three consecutive years. After this time, work must be undertaken by the holder for at least one year (S. 39 & 58).
Extension of Time: An extension of time may be granted by the Minister to allow a holder an additional period of either 3, 6, 9 or 12 months to meet the expenditure requirements. There is a $30.00 application fee per disposition and if the work requirement is not met the cash deposit is forfeited to the Crown (s. 42).
Excess work in one year may be credited towards work requirements in subsequent years for the term of the disposition (S. 38 & 57).
In the 025 Sask Ltd. Claims, we are approaching the two year mark +90 days for some claims in the Fort a la Corne area. In the following map we can see how some of these areas may be critical to the company. In terms of potential value these claims could contain something of worth when compared in location to other finds in the area. As you can see in the above regulations nothing is absolute in terns of the next 6 months as some have suggested. The company does still have other options available to them other than just letting the claims lapse.
Based on the above we come to this.
The following are the claims in 101047025 SASKATCHEWAN LTD.
This table shows the date of expiration of the claims if no work is done on any of the claims, and the ministry of resources issues no extensions to pay any deficiency payments. The links take you to graphic images of the area locations on the Saskatchewan map.
May 6th ,1997 125 Hectares Lapsed * On October 2005 lapsed list.*
Date of Claim Area in Hectares Date of expiration + 90 days
2003 Claims
July 28th , 2003 1698 Hectares October 28th, 2005
tinypic.com/drd11h.jpg Zinc Claims
Aug 1st , 2003 77953 Hectares November 1st,2005
tinypic.com/drcy1w.jpg Aug 1st,2003 claims
Aug 27th ,2003 26210 Hectares November 27th ,2005
tinypic.com/dvfsoy.jpg 105 Claims
Sept 2nd ,2003 1168 Hectares December 2nd , 2005
tinypic.com/dvfsro.jpg 12 Claims
Oct 1st ,2003 72923 Hectares January 1st , 2006
tinypic.com/dvfsww.jpg 153 Claims
Dec 23rd ,2003 8815 Hectares March 23rd , 2006
tinypic.com/dvfsz7.jpg 37 claims
As we can plainly see, a lot of these claims include areas surrounding known finds in the area. Some of these areas have been mentioned in PR’s in the past. It will be interesting to see, after the testing Mr. Koch has spoken of with a fellow shareholder, the company retains some of these claims, or allows them to lapse.
2004 Claims
Jan 2nd , 2004 94875 Hectares April 2nd, 2006
tinypic.com/dvftbn.jpg 173 claims
Feb 16th ,2004 672 Hectares May 16th, 2006
tinypic.com/dvftdd.jpg 5 - 025 claims 155 Nevada Minerals Claims
Mar 1st ,2004 1608 Hectares June 1st , 2006
tinypic.com/dvftkl.jpg 4 claims
April 1st, 2004 96 Hectares July 1st, 2006
tinypic.com/dvftpt.jpg 1- 025 Claim, Shore Gold 63 Claims
May 3rd , 2004 47080 Hectares August 3rd, 2006
tinypic.com/dvftqx.jpg 102 Claims
Aug 3rd, 2004 18717 Hectares Nov 3rd, 2006
tinypic.com/dvfts2.jpg 55 - 025 Claims Nevada Minerals 70 claims
Aug 12th, 2004 27016 Hectares Nov 12th, 2006
tinypic.com/dvftxv.jpg 46 Claims
Dec 1st, 2004 4432 Hectares March 1st, 2007
tinypic.com/dvftyv.jpg 20 claims
2005 Claims
Feb 14th , 2005 13506 Hectares May 14th, 2007
tinypic.com/dvfu3m.jpg 44 – 025 Claims
Feb 18th, 2005 448 Hectares May 18th, 2007
tinypic.com/dvfu4o.jpg 1 Claim
Mar,1st , 2005 2304 Hectares June 1st, 2007
tinypic.com/dvfu6d.jpg 3 – 025 Claims, 18 Shore Gold Claims
Mar 14th , 2005 9905 Hectares June 14th, 2007
tinypic.com/dvfvgz.jpg 3 Claims
June 16th , 2005 1849 Hectares Sept 16th, 2007
tinypic.com/dvfvhx.jpg 2 Claims (Zinc)
Total Area = 411,400 Hectares OR 1,016,591 Acres
Keep in mind that if the lottery system of claiming lapsed mineral claims is implemented as planned in October 2005, in the southern mining district, companies will all have to change exploration strategies, and in that report results faster to ensure claims stay in good standing.
You can read the 2004 document put out by the Saskatchewan Gov't with regard to the lottery system here:
www.ir.gov.sk.ca/adx/asp/adxGetMedia.asp?DocID=4029,3440,3385,2936,Documents&MediaID=8415&Filename=Reopening+of+Surveyed+Lands+using+Lottery+System.pdf
Zinc Claims
Yes, one of our Zinc Claims has been allowed to lapse. This is the type of situation I have been alluding to in the past week or so in my posts. We cannot reasonably expect every claim to be kept. With over a million acres in inventory, I as a shareholder would hope that after testing and evaluating each claims merits, the company would start purging some claims that are not as valuable as others may be. Here is a graphical representation of the Zinc Claims. Note the dates of the claims in the picture, two of the claims are from June of this year.
tinypic.com/drd11h.jpg Zinc Claims
As you can see there are three of these claims approaching the 2 year + 90 day deadline for renewal. Again, whether the company renews these claims or not remains to be seen. The fact they did something this year in the same area already certainly lends creedence to the possibility they are still examining all options in the George Lake Area.
What does all this mean? Well, to me it means that all through the next year CMKX and its management team has many decisions to make regarding the core part of the business. To me it means we are not about to lose all of our claims as some people have stated we are. To me it means that CMKX is alive.
So of course we get to ask more questions…..
What claims will they keep?
Which claims will be deemed expendable?
Are there deals being made in Hong Kong / China?
Will we be the miners? Or just the explorers?
Will CMKX do both?
Will we see a BHP or a TINTO come into the picture?
Will we have more Joint Venture partners?
Will we merge with another entity?
Will we roll into another company?
To me this means that we can not be fearful of what the company leaves behind on its way to becoming a force to reckon with in the world of Diamonds but support the company to do the right things with what we have.
To me this means this is an exciting time to be a CMKX shareholder. I believe.
As always these are just my opinions on my research to date. If you find any errors please let me know and I will do my best to fix them.
ateyate
