Thursday, June 30, 2016

Grand Manan - Captain Kidd's Money Cove

Grand Manan Island is the largest of the Fundy Islands in the Bay of Fundy. It is also the primary island in the Grand Manan Archipelago, sitting at the boundary between the Bay of Fundy and the Gulf of Maine on the Atlantic coast.
As early as 1875 searches were made on the west side of the island for treasure allegedly buried by Captain William Kidd. For nearly 200 years, this remote area of the island has been called the "Money Cove".
Captain William Kidd (c. 22 January 1645 – 23 May 1701) was a Scottish sailor who was tried and executed for piracy after returning from a voyage to the Indian Ocean. He was hanged on 23 May 1701, at 'Execution Dock', Wapping, in London. During the execution, the hangman's rope broke and Kidd was hanged on the second attempt. His body was gibbeted over the River Thames at Tilbury Point—as a warning to future would-be pirates—for three years.

The belief that Kidd had left buried treasure contributed considerably to the growth of his legend.
Just before his death on the gallows, Captain Kidd said, "After my death, you may find treasure I have buried in a place where two tides meet."

Some point to the Bay of Fundy, where two tides meet and the place where Captain Kidd hid his treasure.
Indian Beach

Herring "elevator" to lift fish up from the weirs

Monday, June 27, 2016

The Valley of Rubies - Mogok Stone Tract, Myanmar

When it comes to ruby and sapphire, there is no place more famous than Myanmar’s Mogok Stone Tract.

The Mogok Stone Tract is situated in Myanmar’s Mandalay province, about 200 km northeast of Mandalay. Home to the world’s premier ruby mines, it is also one of the richest mineral concentrations on Earth. Aside from ruby, Mogok produces many gems, including sapphire, spinel, peridot, topaz and moonstone. One of Mogok’s gems, painite, is found nowhere else on the planet.

During certain periods in the Earth’s history, tectonic activity produced large-scale deformation of the surface. This stress resulted in fantastic zones of mineral formation, where mundane minerals mutated.


Mogok is a city in the Mandalay Region of Burma (Myanmar), located 200 km north of Mandalay.

Mogok and other villages nearby have been famous since ancient times for its gemstones, especially ruby and sapphire. 90% of the world's rubies come from Myanmar. The red stones from there are prized for their purity and hue. The "Valley of Rubies" is noted for its rare pigeon's blood rubies and blue sapphires.
References to rubies and Burma have been found dating to the sixth century, during the Shan Dynasty.
The ruby mines in Mogok were taken over from the Shan by the king of Burma in 1597.

In the 1870s, during the reign of King Mindon (1853-1878) the French and the English were building colonial empires in Asia. The British learned of the French interest in Mogok and Upper Burma, and feared that the French would take over the region and control access to China. Backed by a consortium of London-based gem merchants, they planned an invasion of Burma with one of its main objectives being control of Mogok and its ruby mines.
In 1886, the British succeeded in taking over Upper Burma. By 1889, they had formed Burma Ruby Mines Ltd. They introduced water cannons, washing plants, and other mechanized mining methods. The company promoted Burmese rubies in Europe and around the world.

Operational problems and falling prices due to the introduction of synthetic ruby caused the company to abandon the mines in 1931.
Burma became an independent nation in 1948. Following a coup in 1962, a military dictatorship took over until 2011.

Burma's ethnic groups have been involved in one of the world's longest-running unresolved civil wars. The military junta was dissolved following a 2010 general election, and a nominally civilian government was installed. Although the military retains influence through the constitution that was ratified in 2008, it has relinquished control of the government.
The geological environment includes impressive marble pinnacles (karsts) that are blackened from weathering. These formations are visible throughout the stone tract. One of the largest of these outcroppings is the one that the temple Kyauk Pyat sits upon.
The karsts result from the weathering of the marble. This weathering process also plays a part in mining at Mogok. Marble is an intricate component of ruby and spinel formation.

The host rock is weathered and transported along with the gems. The gems are then concentrated in gravels.
In March 2012, a draft foreign investment law emerged, the first in twenty five years. Foreigners will no longer require a local partner to start a business in the country, and will be able to legally lease, but not own property.

In 2012, the Asian Development Bank formally began to finance infrastructure and development projects in the country. The United States, Japan and the European Union countries have also begun to reduce economic sanctions to allow foreign direct investment.

Wednesday, June 22, 2016

Marathon Gold Corporation - MOZ.t

Marathon Gold Corporation - MOZ.t is advancing the flagship Valentine Lake property in central Newfoundland.

The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.85 g/t (Inferred),

On June 21, 2016 the company released News

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) announced today very positive results from the start of the summer 2016 drilling campaign at the Marathon Deposit, Valentine Gold Camp.

A 140 meter down-hole extension of the previously drilled hole MA-15-047 succeeded in intersecting at 200 meters below surface the highest gold grades recorded to date at the Marathon Deposit. The best intercept included 20.17 g/t Au (uncut) over 7.2 meters (true thickness) including 190.88 g/t (uncut) (5.57 oz./t) over 0.7 meters (true thickness). The extension of MA-15-047, originally designed to penetrate deeper levels of the open pit level mineralized corridor, has now also proven the potential for growth of a high-grade underground resource at the Marathon Deposit. The Marathon Deposit remains open along strike and to depth with a total strike length of the mineralized corridor now extending for at least 1.7 kilometers










http://pennystockjournal.blogspot.com/2016/06/marathon-gold-corporation-mozt.html