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Little Squaw’s Big Gold Potential
Its not often one discovers an OTC-listed mining company that has a board of directors and management team with the caliber and pedigree of Little Squaw Gold Mining Company (OTCBB:LITS).
The president, Richard Walters, besides being a certified professional geologist with the American Institute of Professional Geologists and a Qualified Person as defined in National Instrument 43-101, was also a founder, director, president and chief operating officer of Yamana Resources Inc. the forerunner to Yamana Gold Inc., (TSX:YRI) between December 1994 and March 2000. He also serves as a director and executive vice-president of Marifil Mines Ltd. (TSX.V:MFM).
Rodney Blakestad, the vice-president of exploration, has in his thirty years as a geologist worked with Columbia Metals Corp. (TSX.V:COL), Nevada Star (now Pure Nickel - TSX:NIC), and Robex Resources (now Robex Gold – TSX.V:RBX). He is credited in part with the discovery of the 4 million ounce Fort Knox Gold Mine, now owned by Kinross Gold Corporation (TSX:KGC).
Robert Pate, the company’s vice-president of operations, is also a 30 year veteran of mine operation and mineral exploration having served with Yamana Resources, Freeport Copper (a division of Freeport McMoran – NYSE: FCX) , Coeur d’Alene Mines (NYSE:CDE), and Atlas Precious Metals were he was the chief geologist at the Gold Bar Mine in Nevada. At Freeport, he was a senior supervisor of the huge Grassberg Indonesia copper/ gold mine.
In the board of directors, William Schara is the Chairman, and was the chief financial officer of Minera Andes Inc. (TSX:MAI), a Vancouver-based company bringing a new gold and silver mine into production in Argentina. He is currently the CEO of Nevoro (TSX.NVR), and is also an alumni of Yamana Resources.
The rest of the directors have collectively had stints with Kennecott Corporation (now a division of Rio Tinto PLC – NYSE:RTP), Bond International Gold, Copper Range Corp, Newmont Mining (NYSE:NEM), Revett Minerals (TSX:RVM), and Pegasus Gold Corp (now Apollo Gold – AMEX:AGT). The affiliations with professional associations related to mining are simply too numerous to list here.
So the point is, don’t think of Little Squaw as just another OTC-listed mining deal. This is a powerful, been-there, done-that team of seasoned executives who are unlikely to waste their time on anything less than projects with the strong potential to become mines.
Which brings us to their flagship project, the Chandalar mining district. Bear in mind that the past employment of both management and directors is extremely relevant to this property, in that there is a great deal of history spent on the part of this team in the jurisdiction of Chandalar – Alaska.
This 23 square mile property package has above average potential for underground, open pit, and placer mining operations. Little Squaw owns 100% of the ground, and an independent study by Pacific Rim Geological has drawn comparisons in the geology at Chandalar to, among others, the 38 million ounce Sukhoi-Log mine in Russia, the 7.9 million ounce Natalka mine, also in Russia, the Juneau district in Alaska, which produced over 3 million ounces, Cape Nome, Alaska, which produced over 5 million ounces of placer gold, and Treadwell, Alaska, which produced more than 3 million ounces of gold.
The main hard rock deposits in the Chandalar district are the Mikado Lode, Chandalar-Eneveloe Lode, Summit Lode, and the Little Squaw Lode. Other Lode Gold Prospects in the Chandalar Mining District include the Crystal Vein, Big Squaw Claim, Pioneer Prospect, Drumlummon Prospect, Grubstake Vein, Grubstake East Prospect, Prospector East Prospect, Indicate-Tonapah Lode, Chandalar Vein, Jupiter Vein, Bonanza Vein, Pallasgren Claim, St. Marys Prospect, Star Claim Group, Star No. 3 Claim, Duplex-Triplex Vein, Wildcat Prospect, Jackpot Prospect, Woodchuck Claim, Little Kiska Occurrence, Pedro Prospect, and the Grubstake West Claim Group. Most of these prospects are historic discoveries carrying significant gold values that remain as yet unexplored.
This mineral belt includes such famous deposits as Cominco's Red Dog zinc mine, the largest zinc deposit in the world, and the prolific Ambler volcanogenic massive sulfide (copper & zinc) district, now controlled by Nova Gold. Prospectors discovered the district about 100 years ago, and its recorded production from placer and lode mines is 84,000 ounces. There has been a substantial but unknown amount of unreported and otherwise secret production. Of the recorded production, 76,000 ounces of gold or about 90 percent of the total was recovered from placer deposits.
Trenching last year produced some excellent results including a 20-foot-wide structure that assayed 10.58 grams per tonne. Drilling has intersected good grades and widths such as 6.1 metres grading 4 grams per tonne gold, 9.1 metres grading 4.7 grams per tonne gold, and 29 metres of just under 1 gram per tonne gold, each of these occurring in three different zones.
An underground channel from the 180–metre-long Little Squaw vein assayed an astounding 89 ounces per tonne of gold.
So there’s a lot of potential here, and the company’s exploration program is getting ramped up for a busy summer.
Besides this primary project, Little Squaw also has two other projects in the western hemisphere in prolific gold producing regions that are politically secure. These include the Broken Hills West property, which is 15 miles north of Gabbs in the Walker Lane Trend in Nevada, which has produced over 50 million ounces of gold so far, and the Pedra de Fogo project in Goias State, Brazil in the middle of a prolific gold mining region.
But these will be the subject of future articles, so keep your eyes open for more information on this little known, but outstanding opportunity.
About the Author
Eric Pratt is the Metals Editor for Resourcex Investor, a premium source of news and investment ideas for individuals seeking information about emerging companies in the resource sector. Find our more by visiting http://www.ResourcexInvestor.com.
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Placer Deposit $76.47 High Quality Content by WIKIPEDIA articles In geology, a placer deposit or placer is an accumulation of valuable minerals formed by deposition of dense mineral phases in a trap site. The name is from the Spanish word placer, meaning alluvial sand. Types of placer deposits include alluvium, eluvium, beach placers, and paleoplacers. Typical locations for alluvial placer deposits are on the inside bends of rivers and creeks, in natural hollows, at the break of slope on a stream, the base of an escarpment, waterfall or other barrier, within sand dunes, beach profiles or in gravel beds. Author: Surhone, Lambert M./ Timpledon, Miriam T./ Marseken, Susan F. Binding Type: Paperback Number of Pages: 114 Publication Date: 2010/05/19 Language: English Dimensions: 5.98 x 9.01 x 0.27 inches |
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Placer Gold Deposits of Nevada $22.57 A Reprint of the Original US Geological Survey Bulletin 1356. This publication is a catalog of locations, geology, and production from the placer districts of Nevada. Over 100 Nevada Placer locations covered in this publication. This book is the definative source for placer deposits in Nevada. Author: Johnson, Maureen G. Binding Type: Paperback Number of Pages: 128 Publication Date: 2011/05/18 Language: English Dimensions: 9.02 x 5.98 x 0.30 inches |
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Placer Gold Deposits of Utah $18.15 A reprint of the Original US Geological Survey Bulletin 1357. This publication is a catalog of locations, Geology, and production from the placer districts of Utah. This authors series was the definative resource for placer deposits in Utah. Author: Johnson, Maureen G. Binding Type: Paperback Number of Pages: 36 Publication Date: 2011/05/18 Language: English Dimensions: 9.00 x 6.00 x 0.09 inches |
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Placer Gold Deposits of Arizona $22.57 A reprint of the Original US Geological Survey Bulletin 1355. This publication is a catalog of locations, Geology, and production from the placer districts of Arizona. Over 90 Arizona Placer District covered in this publication. Author: Johnson, Maureen G. Binding Type: Paperback Number of Pages: 116 Publication Date: 2010/10/15 Language: English Dimensions: 6.00 x 9.02 x 0.28 inches |
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Placer Mining for Gold in California $35.05 Placer Mining for Gold in California is the Definitive Resource on the Placer Mining History, Locations, and Production of Californias Rich Placers. This book breaks out Placers by individual counties listing mines, their production, location by Township and Range where available, potential reserves, and geology. This must have book was published in 1946 by the California Division of mines and is now available again by MiningBooks.com. Author: Averill, Charles Volney Binding Type: Paperback Number of Pages: 364 Publication Date: 2010/10/21 Language: English Dimensions: 6.00 x 9.02 x 0.81 inches |
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Placer Gold $10.72 No Synopsis Available |
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Mining Camps of Placer County $26.25 Everything in Placer County history leads to gold, from its namethe Spanish term for goldbearing gravelto the mining camps that sprouted overnight in its rugged river canyons. Ecstatic cries of Gold on the American River in 1848 launched the largest voluntary migration in the history of the world. As claims panned out, thousands of miners swarmed like locusts between the roughandtumble mining camps, from the crest of the Sierra Nevada to the Sacramento Valley. Some camps disappeared along with the easy placer gold; others found new methods to extract gold deposited deep in quartz veins or underground and developed into stable towns that still stand. Sometimes washing whole hillsides into rivers, hydraulic mining was outlawed in the 1880s, but the colorful characters and tall tales of the Gold Rush live on. Author: BarrySchweyei, Carmel/ Alvaresj, Alycia S. Series Title: Images of America (Arcadia Publishing) Binding Type: Paperback Number of Pages: 128 Publication Date: 2004/11/01 Language: English Dimensions: 9.32 x 6.68 x 0.36 inches |
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Close View of Leaves on the Grass, Rocklin, Placer County, California, USA $129.99 Panoramic Images Close View of Leaves on the Grass, Rocklin, Placer County, California, USA - Wall Decal |
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View of an Early Placer County Union High School Bus - Auburn, CA $19.99 View of an Early Placer County Union High School Bus - Auburn, CA - Premium Poster |
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Telescoping Crossbar Placer $188.57 Easily replace crossbars at all heights. Telescoping shaft twist-locks into position at any length to enable crossbar replacement up to 21'.Please Note: This item CANNOT ship to P.O. Boxes, APO, or FPO Addresses. It CAN ONLY ship to a Street Address. |
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Amarte Es un Placer $19.95 "(Piano/Vocal/Chords (Spanish Language Edition)). By Luis Miguel. For voice, piano and guitar chords. This edition: Piano/Vocal/Chords. Artist/Personality; Personality Book; Piano/Vocal/Chords. Latin. Difficulty: medium. Songbook. Vocal melody, piano accompaniment, lyrics, chord names, guitar chord diagrams and color photos. 72 pages. Published by Alfred Music Publishing" |
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Amarte Es Un Placer $9.99 Atlantic:29288 |
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Bob Hampton of Placer $27.77 It was not an uncommon tragedy of the West. If slightest chronicle of it survive, it must be discovered among the musty and nearly forgotten records of the Eighteenth Regiment of Infantry, yet it is extremely probable that even there the details were never written down. Sufficient if, following certain names on that long regimental roll, there should be duly entered those cabalistic symbols signifying to the initiated, Killed in action. After all, that tells the story. In those oldtime Indian days of continuous foray and skirmish such brief returns, concise and unheroic, were commonplace enough. Yet the tale is worth telling now, when such days are past and gone. There were sixteen of them when, like so many hunted rabbits, they were first securely trapped among the frowning rocks, and forced relentlessly backward from off the narrow trail until the precipitous canyon walls finally halted their disorganized flight, and from sheer necessity compelled a rally in hopeless battle. Sixteen, ten infantrymen from old Fort Bethune, under command of Syd. Author: Randall Parrish, Parrish Binding Type: Paperback Number of Pages: 364 Publication Date: 2007/07/01 Language: English Dimensions: 8.50 x 5.50 x 0.81 inches |
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Placer Gold by Anonymous [Paperback] $23.73 This is a pre1923 historical reproduction that was curated for quality. Quality assurance was conducted on each of these books in an attempt to remove books with imperfections introduced by the digitization process. Though we have made best efforts the books may have occasional errors that do not impede the reading experience. We believe this work is culturally important and have elected to bring the book back into print as part of our continuing commitment to the preservation of printed works worldwide. Author: Anonymous Binding Type: Paperback Number of Pages: 88 Publication Date: 2010/04/06 Language: English Dimensions: 7.44 x 9.69 x 0.18 inches |



US $39.99

























































































