via Gold Seek - The Midas Touch

The website Goldseek typed out the video presenting Casey Research's 'Explorer's League.'

Of special interest should be the comments by R. Netolitzky

"Ron Netolitzky: My main work has been an "instant success" called Golden Band where we finally started pouring some gold; and now I'm hoping I can get away from operations and engineering and do what I really want to do in the belt, which is explore it for the deposits I haven't found or our guys haven't found. So that's the main thing. I'm watching northwest BC; I think it's exciting. We worked a bit in the Yukon through a company called Aben last year, and we were one of the few guys who at least had a drill success, but the market never appreciates it. I don't think anybody made any money on Yukon stocks last year unless you sold early.

L: Wait: before you give up the mic, tell us a little bit more about Golden Band – the symbol's GBN. It was an agglomeration story. You had all these satellite deposits. You’ve got an old mill for a dollar or something like that, and you put it all together.

Ron: Yes, it was a story that basically I got involved in the La Ronge Gold Belt in the early '60s for an oil company, so I kind of knew it was there. And then I got into the uranium business, and then 1977 came along, Three Mile Island came along, and the next week, my consulting business wasn't looking so hot anymore, so I started staking claims in the La Ronge Gold Belt. They ended up in a lot of joint ventures, a lot of other companies, one that disappeared off the board called Golden Rule. It got salted in Ghana – well after I left. And we got back into the La Ronge Gold Belt about 1994 with an associated mine called Komis. Klaus Lehnert-Thiel is VP of exploration, and it's his till techniques that allowed us to find a whole bunch of new deposits and new discoveries. And we're continuing with that game, and right now we're mining one that's unusual, and there are some samples at my booth called the EP Zone and we've got about 7,000 ounces in the glacial till running around 12 grams, so we're now just mining into the source of that, and it's definitely supergene enriched with chalcocite and native copper, which you aren't supposed to get in the Shield, and the grade of that is getting – probably going to approach an ounce, and then we'll get into some primary ore, but that whole thing was supposed to be 9,000 ounces, and I think at the start of the pit we've already probably got 9,000 ounces on the stockpile, so it's been a lot of fun.

L: Very good. So if you're moving on from the engineering, then I guess… you'll let us know when is the next Ron Netolitzky play for us to get involved in?

Ron: Well, I think the next play is the same company. I think I got some excellent expiration targets to maybe find the deposits that are going to give the belt some respect. I think there's natural evidence of a lot of bulk mineable targets there that people haven't worried about and definitely we have proven that – and history has proven there are lots of small, high-grade narrow-vein systems there. But I think there's opportunity for bigger deposits – low grade – that could be exciting. I am playing in northern BC, but frankly, I'm after a property. Until I get it, I wouldn't bring anybody else in because it's somebody I consider a little haywire that controls it."

If you look at the comments regarding the EP Zone (really a deposit in its own right) you will get an idea of what it really amounts to when the Chairman Of The Board says in public that the grade is approaching 1oz./tonne. This would refer to the Riddle Till, not the primary ore.

source: http://news.goldseek.com/GoldSeek/1330635600.php

Market Action Today

The market action today was attributable to a couple of things, that long dated treasuries were selling off since yesterday, and that La Ronge Gold, a neighbouring exploration company in the Preview Lake area posted your wide-on assay result.

-F6