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[Mike Gold]

Maybe the Lo Aquirre is still in operation? Will have to check further as the ACA Howe report is a bit dated. (EDIT:  The owner of Lo Aquirre-Minera Pudahuel went bankrupt in 2002. It was owned by the Cruzat Group.)

From the ACA Howe Report:

This area is host to several diverse types of metallic mineralization such as veins, stratiform, stockwork/ breccias, skarns, and shear zone hosted copper/gold/silver mineralization which occur in several geological environments.

 Au +/- Cu-Ag veins: hosted in the Cretaceous batholith (i.e./ La Fortuna) and in stratified Mesozoic rocks (i.e./ Ramayana); also Au, Fe-Cu, Pb-Zn and Pb-Cu-Au veins which occur hosted in stratified units and intrusives of the Lower Cretaceous age
 Stratiform Cu, Cu-Au, and Cu-Ag-Au: hosted in volcano-sedimentary formations of Lower Cretaceous age (i.e./ Los Amarillos).
 Stockwork Au-Cu (i.e./ Rose Marie) and Au-Cu contact metamorphism related and structurally controlled mineralization : hosted in volcano-sedimentary units of Lower Cretaceous age (i.e./ Colliguay)
 Cu Skarns: hosted in stratified rock of Lower Cretaceous age (i.e./ Dos Marias)
 Placer Au: hosted in Quaternary sediments (i.e./ Estero Curacuvi)

(Gana, et. al., 1996)

In addition, in the volcanosedimentary rocks surrounding the batholith, or close to its contact, occur several copper deposits such as the Lo Aguirre (stratabound exhalative) and La Africana (vein) deposits both currently held by Soc. Minera Pudahuel. The locations of some of these prospects and deposits is shown on Figure 2.1. Even though most of the old mines and showings in the area have seen intermittent mining activities over the past hundred years or so, they remain relatively under explored and today are only present as prospects. The Lo Aguirre Mine is currently in production and produces 4,000 tonnes per day from a newly developed underground operation replacing a depleted open pit operation (Compendio de la Mineria Chilena, 1998).

[Mike Gold]

Geology of the Alto De Lipangue Region. See attached.

[Mike Gold]

Geology of Chile-first English version:

http://books.google.com/books?id=h4DBQR9jDsoC&printsec=frontcover&source=gbs_v2_summary_r&cad=0#v=onepage&q=&f=false

Also a rather spectacular digital version of a geology map of Chile can be found here:

https://www.u-cursos.cl/ingenieria/2009/2/GL51B/1/material_docente/objeto/246933

[Mike Gold]

Chile Gold History:

http://goldenthread.parks.officelive.com/chile_gold.aspx

Chile Mining History:

http://books.google.com/books?id=E4RtU-nuid8C&printsec=frontcover&source=gbs_v2_summary_r&cad=0#v=onepage&q=&f=false

Also attached Lipangue Placer Deposit Geology

[Mike Gold]

Geology Maps of the Los Dos Marias

[Mike Gold]

MG Notes for November 4.

1) All rumors I have heard strongly suggest Juan is VERY close to wrapping up the JV.
He is meeting with the Principals once again this week.

2) The mine shaft people are on-site this week. The earliest the dirt will start to move is the middle of next week.  Juan will be putting out an update on it once he has all the information available to him. 

3) There are developments at the Pumillahue plant.  At some point in the near future-we will be getting an update on that.

[kmn]

A few points to add.
Many thought that Les was traveling as he was not available for a few days and was out of the office. He was in the Vancouver area the whole time in meetings with part of the JV group. All the business was related to MDMN and nothing to do with NPER. At the same time JJ was meeting with parts of the JV group as well in Santiago. I was told that there is no fine tuning or negotiating but the meetings involve the gathering and passing back and forth of documents. I was told again there are no issues only mechanics of the finishing touches. The parties needed to conclude and sign are in Santiago and are expected at this time to be there until this is done. The one thing that is apparent is that everyone on the BOD of CDCH and MDMN are very excited at developments of the past week. Another interesting points is that none of them are doing a lot of talking outside of saying how pleased they are. Again it was also emphasised that there is no connection in the development of the the LDM and getting or forsing the hand of the JV partner to conclude. The JV will conclude no matter what is happening on the LDM. Some of the JV partners do have offices in Vancouver and other connections there as well. Kirk

[wmo767]

Alright people, I am out of the country, down in Brazil with my wife, and I need someonr to man up here.  If I was there you know I would be all over you guys about what is happening or not happening.

Did Bill H. get his long asked for Executive Summary last week?  Did they vote on it and send it back
Is Monday a day I should be looking for something good?  Where are Les and Greg? Come on people let's get cracking....I need some answers.  I'm lonely for some news.  I need to know if I can afford what I'm doing down here in Brazil....LOL

[Handshake]

Alright people, I am out of the country, down in Brazil with my wife, and I need someonr to man up here.  If I was there you know I would be all over you guys about what is happening or not happening.

Did Bill H. get his long asked for Executive Summary last week?  Did they vote on it and send it back
Is Monday a day I should be looking for something good?  Where are Les and Greg? Come on people let's get cracking....I need some answers.  I'm lonely for some news.  I need to know if I can afford what I'm doing down here in Brazil....LOL

Woah woah woah nelli, does lsu tigers still have your head spinnin' ... 13 mo days!

[wmo767]

It better not take 13 more days......

[Mike Gold]

MG Notes for December 1:

1) I don't expect news this week.

2) Minor pesky delay with the LDM which should be taken care by the end of the week.

3) Lipangue JV closing process continues this week.  ALL IS WELL. 

4) I suggest you don't worry about going over your budget on Christmas shopping this year!!!

[wmo767]

MG Notes for December 1:

1) I don't expect news this week.

2) Minor pesky delay with the LDM which should be taken care by the end of the week.

3) Lipangue JV closing process continues this week.  ALL IS WELL. 

4) I suggest you don't worry about going over your budget on Christmas shopping this year!!!

Easy to say hard to do.....

[kmn]

IMO watch for a sequence of events that many do not see coming. I think there is good reason to expect a JV announcement before the LDM is announced. Kirk

[roundmot]

Foreign Investment Statute, D.L. 600 / Rights under D.L. 600

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    * Foreign Investment Statute, D.L. 600
    * Rights under D.L. 600

Foreign Investment Contract

Under this optional regime, foreign investors bringing capital, tangible assets or other forms of investment into Chile can request to sign a Foreign Investment Contract with the state of Chile. This contract establishes the rights and obligations of both parties and cannot be modified or rescinded unilaterally by either party.

Requirements for signing a DL 600 contract

DL 600 can be used by:

   1. Foreign individuals

   2. Foreign legal entities including:
      a) Companies (in any of their legal forms)
      b) Corporations and foundations
      c) Foreign states
      d) International organizations

   3. Chilean individuals and legal entities domiciled abroad.

The Foreign Investment Committee may set a minimum amount for applications for a Foreign Investment Contract. As of August 2008, this limit stood at US$5 million for investments in currency and US$2.5 million for investments taking other forms.

A Foreign Investment Contract is a solemn contract signed by a foreign investor and the state of Chile, setting out the rights and obligations of investors using DL 600 and the commitment of the state of Chile to authorize the transfer of foreign capital under the terms of this law.

http://www.cinver.cl/english/regulaciones/derechos_contrato.asp

[Mike Gold]

Christmas Shareholder Update from Juan should be out Mondayish.