Saturday, October 29, 2016

Serra Pelada

Serra Pelada ("Bald Mountain") was a large gold mine in Brazil 430 kilometres (270 mi) south of the mouth of the Amazon River. In January 1979 Farmer Genésio Ferreira da Silva hired a geologist to investigate whether gold he found on his property was part of a larger deposit. Soon word leaked out that da Silva was sitting on one of the largest deposits in the world.

By the end of the week a gold rush had started with thousands of people descending on the farm. Five weeks later there were 10,000 people on Ferreira's property and another 12,000 nearby. Huge gold nuggets were discovered, the biggest weighing nearly 6.8 kilograms (15 lb).

The government banned women and alcohol at the site. This caused the nearest settlement, until then an isolated village, to morph into a bustling center of “stores and whores”, where under-age girls worked for flakes of gold, and 60 to 80 murders occurred every month.

Use of mercury in the gold extraction process left large areas around the mine dangerously contaminated. People eating fish downstream from the mine have elevated mercury levels.
During the 1980s, up to 100,000 garimpeiros (artisanal miners) produced an estimated 2 million ounces of gold plus platinum and palladium, from a hand dug open pit. Garimpeiro production declined sharply in the mid 80s due to frequent pit wall collapse, the water table, and flooding.
COOMIGASP, a Brazilian cooperative, was a granted Exploration License in 2007. Colossus Minerals and COOMIGASP formed a partnership to develop the remaining mineralization at Serra Pelada. Colossus lost over $300 million on the Serra Pelada project and became insolvent. The current company is the result of a 200 for 1 rollback that passed control to creditors.
In August, 2014 it was announced that COOMIGASP had launched a legal challenge against Colossus that attempts to dispute the validity of the legal agreements.

The property is currently on "care and maintenance".

Friday, October 28, 2016

Birds by Cartier

Société Cartier designs, manufactures, distributes and sells jewellery and watches. Founded in Paris in 1847 by Louis-François Cartier, the company remained under family control until 1964.

Ruby, sapphire, emerald, citrine and diamond flamingo clip. Cartier 1940.

Cartier 1950s Emerald Ruby Sapphire Diamond Parrot Brooch
The company's headquarters is in Paris and it is now a wholly owned subsidiary of Compagnie Financière Richemont SA. King Edward VII of England referred to Cartier as "the jeweller of kings and the king of jewellers."
Cartier operates more than 200 stores in 125 countries, with five flagship stores world-wide.

Morganite, Pearl, Onyx, Pink Sapphire and Mother of Pearl Bird Brooch
See -----> http://pennystockjournal.blogspot.ca/2014/01/panther-by-cartier.html
See -----> http://pennystockjournal.blogspot.ca/2014/01/ultra-high-jewelry-by-cartier.html
See ----->http://pennystockjournal.blogspot.ca/2015/01/bejeweled-birds.html

Orex Minerals Inc. - REX.v

Orex Minerals Inc. - REX.v is focused on advancing a portfolio of gold, silver, and copper exploration projects on renowned mineral trends in Mexico (Coneto and Sandra Escobar Projects), and Canada (Jumping Josephine Gold Project).

On October 19, 2016 the Company released News

Orex Intercepts 41 Metres Grading 108 g/t Silver in Drilling on the Sandra Escobar Project in Durango, Mexico

Orex Minerals Inc. is pleased to announce that the Phase-III diamond drilling program on the Sandra Escobar Project in Durango, Mexico, has been completed up to hole SA-16-062. Results for holes SA-16-054 to SA-16-060, drilled in the Main and Cerro Chato Zones in the southeastern region of the project, are presented in the table below. Drilling for Phase-IV is due to start in early November. The Sandra Escobar Project is being advanced by Orex under an option agreement with Canasil Resources Inc. -- (TSX.V: CLZ) ("Canasil").










http://pennystockjournal.blogspot.com/2016/05/orex-minerals-inc-rexv.html

Thursday, October 27, 2016

Fire Agate

Fire agate is a semi-precious variety of chalcedony found only in certain areas of Arizona, northern Mexico, and parts of the southwestern United States. During the tertiary period, about 24-36 million years ago, the area was subjected to massive volcanic activity. The fire agates were formed when hot water, saturated with silica and iron oxide, repeatedly filled cracks and bubbles in the surrounding rock.

The formations are botryoidal (grape-like) growths.
Fire agate gemstones have iridescent rainbow colours, similar to opal, with a measurement of hardness on the Mohs scale of between 6.5-7.

The vibrant colours found within fire agates are caused by alternating silica and iron oxide layers which diffract and allow light to pass. Thin limonite and/or geothite iron oxide layers cause light interference within the microstructure crystal layering of the gemstone, giving the fire agate its visual effects.