Thursday, February 28, 2013

Golden Oscars not all that but

The Oscar statuettes, officially dubbed the Academy Award of Merit, stand 34.3 cm (13.5 inches) tall, and each weighs about 3.8 kg (8.5 pounds). They have a 24-karat gold plating on their surface 0.5 microns thick.

Beneath the gold, the statuette's interior is a metal called Britannium. It is an alloy of tin (93 percent), antimony (5 percent), and copper (2 percent). It's known for its smooth texture and silvery appearance.

Approximate value of the contents of a current Oscar is less than $ 400, however, each statuette is hand crafted and takes 12 people 20 hours to complete.

Since 1950, the statuettes have been legally encumbered by the requirement that neither winners nor their heirs may sell the statuettes without first offering to sell them back to the Academy for US$1

Oscars that were awarded before 1950 are available. Steven Spielberg spent $578,000 on the Oscar Bette Davis won for her performance in Jezebel. Spielberg was on a goodwill mission — he gave the Oscar back to the Academy.

Spielberg also bought Clark Gable's Oscar for It Happened One Night and returned it to the Academy. He paid a very cool $607,500.

Golden treasure found in Caucassus tomb

Grave robbers in the Apsheronsk District of the Krasnodar region missed the 2300 year old tomb of a warrior buried with a treasure.

The most spectacular object is a golden fibula-brooch which has an oval crystal set in its heart. The 5.8cm by 4.8cm object is finely carved and decorated.

Among the gold artifacts is an agate-inlaid plaque which formed part of the sheath of the warrior's 91cm sword which was buried between his legs.
Two bronze helmets are among the most significant finds. One is adorned with carvings of rams horns while the other is patterned with zig-zags. Also part of the treasure trove was a bronze mirror, an iron tripod, glass and pottery, a battle-axe and several spears and arrows.

Zenyatta's half sister Eblouissante ...

We watch in semi-amazed stupification as Zenyatta Ventures (ZEN.v) makes wicked dopey promotional hay with graphite.

We "know" next to nothing about graphite, Pffft. We know significantly more about Mr. Aubrey Eveleigh so it matters not what "value" is assigned to the paper on any given day ... we ain't interested.

Zenyatta's half sister Eblouissante has won two straight with late running style whilst blowing away the high class competition with ease, and it looks very much like Sis's work. Everybody and their dog is waiting to see if Zenyatta's baby carries the rocketship gene.

Wednesday, February 27, 2013

Modern Gold Rush - Sudan

"AL-SIREAF, Sudan, Feb. 1 (UPI) -- Over 100,000 people have fled a battle over a gold mine between two Arab communities in Sudan's Darfur region, the United Nations said. The latest is over gold deposits in the northern area of Darfur, the BBC reported Friday.

Many of the recent refugees are living outdoors in what the United Nations described as appalling conditions, adding it sent 600 tons of food and blankets to the town of al-Sireaf to aid them.

"The fighting broke out last month in the Jebel Amir gold mining area.
"The fight is between the Beni Hussein, who are largely cattle herders, and the northern Rizeigat, a powerful tribe known for its camel herding. Scores of people have been killed and dozens of villages burned, according to the local authorities. Members of the Beni Hussein tribe accused government forces of helping the Rizeigat and giving them powerful weaponry. "

KHARTOUM, Nov 27 (Reuters) - Sudan expects to produce around 50 tonnes of gold this year, earning $2.5 billion, its mining minister said, as the country seeks to offset the loss of most oil reserves when South Sudan became independent last year.

Sudan is boosting production of gold and other minerals to gain new sources of state income and of foreign currency needed to fund imports. Output of 50 tonnes could potentially make it Africa's third largest gold miner behind South Africa and Ghana, and push it into the top 15 producers globally.

"The government has given conflicting data on Sudan's gold production which is hard to verify as much comes from half a million artisan seekers, part of whose output is smuggled abroad.

The central bank has tried to end smuggling of gold to major markets such as Dubai by buying up gold from local traders, even above market prices, according to industry sources." On December 12, 2012 the Central Bank imposed a ban on gold exports.

Sudan is among Africa's poorest countries, but is sitting on top of perhaps the largest gold reserves in the continent, according to a recent survey by Arab League's Arab Industrial Development and Mining Organization (AIDMO).
Not surprisingly there is conflict. "Khartoum - Heavy fighting has broken out between two tribes over a gold mine in Sudan's Darfur region, killing several people and forcing authorities to close the mine, tribal leaders and state media said on Wednesday."

Royal Mint to mint sovereigns in India

"LONDON (Reuters) - Britain's Royal Mint has started to manufacture gold sovereign coins in India for the first time in almost 100 years, it said on Monday.

Indian residents have been unable to buy commemorative sovereigns since 1918, when the Royal Mint operated a branch in the country, producing 1.3 million coins in a single year. The first production run will be for 50,000 pieces and will be available in the market immediately, the Royal Mint said in a statement that coincided with British Prime Minister David Cameron's visit to India. The commemorative sovereigns will be produced by Indian gold producer MMTC-PAMP using tools and techniques developed by the Royal Mint in its South Wales facility.

India is the largest consumer of gold, with gold coins playing a key role in wedding ceremonies and festival celebrations throughout the year. The country's gold medal market is estimated at around 80 tonnes a year."

The Lake Guatavita Treasure

Laguna de Guatavita is located in the municipality of Sesquilé, in the Cundinamarca Department of Colombia, 35 miles north-east of Bogotá.

Laguna de Guatavita was one of the sacred lakes of the Muisca, and a ritual conducted there is thought to be the basis for the legend of El Dorado. The lake is where the Muisca celebrated a ritual in which the Zipa (named "El Dorado" by the Conquistadores) was covered in gold dust, then venturing out into the water on a ceremonial raft made of rushes, he dived into the waters washing off the gold.
Afterward, trinkets, jewelry, and other precious offerings were thrown into the waters by worshipers.
Conquistadores Lázaro Fonte and Hernán Perez de Quesada attempted to drain the lake in 1545 using a "bucket chain" of labourers. After 3 months, the water level had been reduced by 3 metres, and only a small amount of gold was recovered.

In 1580 Antonio de Sepúlveda had a notch cut deep into the rim of the lake, which managed to reduce the water level by 20 metres, before collapsing and killing many of the labourers. Various golden ornaments, jewellery and armour were found. Sepúlveda died a poor man, and is buried at the church in the small town of Guatavita.

In 1898 the lake was successfully drained by means of a tunnel that emerged in the centre. The water was eventually drained to a depth of about 4 feet of mud and slime. This made it impossible to explore, and when the mud had dried in the sun, it set like concrete. A haul of only £500 was found, and subsequently auctioned at Sothebys of London.

The Colombian government has disallowed any more draining attempts.

Tuesday, February 26, 2013

The Treasure of Lima

Spain had controlled Lima since the 16th century, when it defeated the Incas. In the centuries that followed, the Catholic Church amassed a huge treasure in Lima. In 1820 the city was on the edge of revolt. As a preventative measure, the Viceroy of Lima decided to transport the city’s fabulous wealth to Mexico for safekeeping.

Captain William Thompson, commander of the Mary Dear, was put in charge of transporting the riches to Mexico.

Thompson and and his crew turned pirate, cut the throats of the guards and accompanying priests, and threw their bodies overboard.

Thompson headed for Cocos Island, off the coast of present day Costa Rica, where he and his men allegedly buried the treasure. The Mary Dear was captured, and the crew went on trial for piracy. All but Thompson and his first mate were hanged. To save their lives, the two agreed to lead the Spanish to the stolen treasure. They took them as far as the Cocos Islands and then managed to escape into the jungle.
Thompson, the first mate, and the treasure were never seen again.

Early iron age gold found in dumpster

"After a remarkable series of events, a treasure trove of Early Bronze Age gold has gone on display in Ireland for the first time.

Police officers recovered the ancient artifacts in 2009, after they were tossed in a dumpster along with the stolen safe they had been kept in at Sheehan’s Pharmacy in Strokestown, Co. Roscommon. It is believed that the thieves had failed to notice the 5,000-year-old gold hidden among documents when they dumped out the contents of the safe.
"The collection – consisting of a gold crescent shaped collar and two small gold discs – was originally discovered by Hubert Lannon while he was digging in a bog in 1945.

Two years later, he gave the artifacts to the Sheehan family, who kept them locked in their pharmacy’s safe for over sixty years.

Monday, February 25, 2013

Novice finds Roman Gold Coin Hoard

In October 2012, a novice treasure hunter who bought a basic metal detector returned to the shop in Hertfordshire weeks later, clutching part of Englands' finest ever hoard of Late Roman gold coins.

The man stunned staff by showing them 40 gold Solidi, before asking: 'What do I do with this?' They contacted local experts and together got the permits they needed, headed back to the scene and pulled up another 119 gleaming pieces.

"The man had bought a Garrett Ace 150, retailing at around £135 and described as being ideal for children to use for a hobby. Local heritage officials described the find as 'a nationally significant find.' The coins are a rare example of the Solidus, dating from the last days of Roman rule in Britain. The last consignments of them reached these shores in 408AD."

When in massive big hole ... Dig Deeper

Copper Fox Metals - CUU.v has announced yet ANOTHER PP with Earnesto, and yes indeed it's the 9th consecutive capital infusion from Mr. Enchavarria and truly ... why doesn't he just fork over every nickle he has left right now to get this stupidity over with?

"Copper Fox Metals Inc., subject to the approval of the TSX Venture Exchange, intends to complete a non-brokered private placement to raise up to $2.5-million. The offering is expected to consist of 3,164,557 units at a purchase price of 79 cents per unit, for aggregate gross proceeds of $2.5-million. Each unit consists of one common share and one common share purchase warrant of Copper Fox. Each warrant entitles the holder thereof to acquire one common share of Copper Fox at an exercise price of $1 prior to 5 p.m. on the one-year anniversary of closing of the offering.

Ernesto Echavarria, a director, insider and control person of Copper Fox, as defined by the policies of the TSX Venture Exchange, has committed to 100-per-cent participation of this offering.®ion=C
There was another rock bottom PP announced yesterday in CUU.v land with moneybags Earnesto stepping up to the plate for the 8th consecutive time. Lord knows what his "investment" strategy is about.

Today we have news of a swack of options being extended and Geeze Louise the grossly stuck retards at AgoraScam are falling over each other with unbridled glee, naturally.

Minor things like money and/or the lack of it turn our cranks so twas off the financials for a look-see. Nada good idea as there is ample fuel to make one wonder what sheeple actually SEE in this paper yet again.

Company is smack dab on the road to the audited for the fiscal year and the info is many months stale, presumably the next won't appear until the end of February.

At first glance we can tell this Co is burning around $ 3m per annum on overhead alone and at July 31, 2012 had a working capital deficit of $1,616,527. Thanks to the ridiculous ongoing support of sugar daddy Earnesto another cash crisis was averted, but damn, how does one go about reigning in that wicked overhead? Best we don't ask Elmer, he's been doing VERY well of course, thanks for asking.

We have a pee pot full of rock bottom options that are fully vested and yikers. Unknown if these are the ones being extended but who cares. This deal both sucks and blows and it's getting more ridiculous every day.

$0.10 Jul-09 Jul-14 1,000,000
$0.15 Oct-09 Sep-14 3,150,000
$0.15 Nov-09 Sep-14 500,000