* no drill results ever released from these placements, unknown who

received the tax breaks from them

** reworked gold repayment contract at 23% interest

*** announced August 5 2011 not closed/approved yet

Full 4.0 million dollar WTG.T bridge loans not fully taken by

CMM.V

from July 12 2011 news release:

"As previously announced, the Lamaque project has been constrained during the first half of 2011 as mining has been limited to the Lamaque Flats zone, which has limited both the tonnage mined and the effective grade."

seems they haven't even been mining the Bedard Dyke even though Daniel Major said it was grading at about 3.39g/t........thats better then the 1.62g/t he is pulling from the flats...........I still believe that if he did his job properly instead of just doing his job for Finsky, Century would be into the high grades and not need any financings......

the following is courtesy of JohnM3 post titled "Bedard Dyke"

from July 6 2010........

"Underground mine stope head grade ranged from 4.2 to 6.7 g/t Au."

"Excluding mineralized development, mill head grade averaged 4.31 g/t Au for May and

4.76 g/t Au for June, which aligns with the expected milling head grade target"

"The mine production crew continues to operate in seven separate stoping complexes in

addition to the development crew opening two new stopes underground in the Lamaque

#2 mining zone"........this opposed to Daniel Major stating that he is only mining two stopes

"At the Bedard Dyke, the Company has completed the required engineering, portal

stabilization and construction which included significant cabling, wire mesh, rock-bolting

and shotcrete. Development into the Bedard Dyke has commenced, and the initial

mineralized development graded approximately 37 g/t Au across the face of the first

blast zone. The Company expects to be developed down into the Bedard Dyke in July,

at which point the 20,000 tonne bulk sample will be extracted and tested. Concurrently,

the exploration team will also be initiating the underground drill program to fully explore

this newly discovered mineralized zone. The Bedard Dyke is the second zone which

the Company anticipates to develop in 2010, and production is expected to significantly

increase upon commencement of mining."..............hey Daniel Major what happened to make this area a disappointment?

from an interview with Victor Goncalves on July 28 2010 after he had visited Lamaque and saw with his own eyes...........I trust Victor's words far more then Daniel Major's words about the Bedard Dyke.................so once again, why the disappointment?

"I have a few companies that I like right now. One of them is Century Mining Corporation (TSX.V:CMM). A month ago, Century Mining brought some low-profile scooptrams and jumbo drills from South Africa to its Lamaque Gold Mine in Val d'Or, Quebec. No other North American mining company has used this type of equipment before. These vehicles are only five feet high. Even I tower over them. The small size of these machines allows them to operate in smaller spaces, thus moving less dirt and waste, which means getting a higher grade out of the mine.

When underground, I watched this new equipment in action. Talk about productivity. The company is training their team on how to use this new equipment to increase productivity. They are now focused on adjusting blasting patterns and loading of the holes, to ensure minimal over-breakage on the blasted round. They have started to see positive results over the last month, and higher grades are coming out of the mine and into the mill. This type of operation requires time, as more stopes are opened, and room and pillar flats production increases.

I understand they have a couple more low-profile pieces of equipment on order. This seems like a logical purchase decision from what I have seen. This addition of modern technology, combined with rethinking the operation, should increase efficiencies by a very nice factor. Of the three zones to be mined and operated in 2010, the room and pillar flats are just the beginning and will provide the lowest production of the three zones. Next in line is the Bedard Dyke Gold Zone, which was opened up the same day I arrived at the mine site, and finally, they are moving on to the North Wall zone.

The Bedard Dyke will be a very welcome addition to the mill, as it will be a long-hole, open-stope complex, and is expected to grade higher than the flats. The face of the Bedard Dyke portal, prior to its first blast, graded 37 grams per ton gold (g/t Au), and recent drilling showed intersections close to 100 g/t Au. The daily tonnage expected from the Bedard Dyke will be significantly higher than the flats, as it is the meat and gravy of the operation's future. The Goldex Mine (Agnico-Eagle Mines Ltd. (NYSE:AEM; TSX:AEM), down the road a few kilometers, is mining below 5,500 feet with a head grade of only 2.8 g/t Au, but is moving a lot of ore via their long-hole stopes, and at a low mining cost. I can see the Bedard Dyke lowering their operating costs at Lamaque going forward.

An interesting point is that the development work required to access the Bedard Dyke will be right through this high-grade vein before they access the underground to extract their 20,000 ton bulk sample. Obviously, this material will be crushed and sent to the mill, as it has plenty of visible gold, as well as massive chalcopyrite widely disseminated all through the veins. Once the sample is removed and tested, the company will look to receiving its next permit to mine the zone.

In terms of the current mill operation, it is operational and processing about 700 tons per day (tpd), with tonnage from underground reaching peaks of 700 to 750 tpd. The mill can be cranked up to adjust for higher tonnage on any given day, as they have put through 1,100 tpd on certain days during the ramp-up of the facility. As in any normal startup and commissioning of an operation, this number is progressively increasing and will do so until they hit their daily tonnage requirements. A good thing is their 2010 requirement is only needed to average 1,200 tpd, and in 2011 just over 2,000 tpd. With a facility that can process 3,000–3,400 tpd, they have lots of extra capacity to ensure they don't operate too close and max out."

what ever happened to the results from that bulk sampling of Bedard Dyke ore?

full interview.......
http://www.theaureport.com/pub/na/6935