Developing Bellechasse-­Timmins Gold Deposit

New Discovery Resulting in a 20KM Mineralized Gold Belt

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Message: Agm
I took a lot away from it and I'll be unusually brief. Frank went through all of the formal matters of business...all matters carried unanimously. Then he began his chat...nothing prepared because, he lives and breathes golden hope everyday and knows most people in the room so a bit unnecessary. Reflects back on 2010 as a roller coaster year and accepts responsibility for everything (but not blame). Share price and the companies progress are two separate things but so often correlated. When there was not so much information available the share price soared, and then just the opposite. The companies efforts to be as open as possible with investors and site visits has possibly backfired and plans to be more careful going forward. There is a lot of negativity from a multitude of sources but he intends on being focussed on the task ahead of them which is proving out this property and bringing the first resource estimate to southeastern Quebec. Says this project is not about frank, not about Tilsley and his dream project, not about anything other than turning dirt into money. Tilsley stepped in and gave his summary of the project. Much of the same and maybe even more of how excited he is by this property and how unique this is and how the tonnage here is just so easy to add. Says the size is already big and the potential is bigger. Refers to the hydraulic fracturing and goes over how these mineralized came to be, in his theory. He talks about how the mining engineers often tend to think a certain way...the way they have trained to think. Says he spent the majority of his career looking over peoples shoulders so that he supposes it's ok for him to have someone looking over his shoulder. The gist here is this, IMO. Tilsley has developed his theory about hydraulic fracturing here and it's quite extraordinary for him. The deal is that in north America there is not a common acceptance of this kind of deposit. And in this day and age, something uncommon is not easily understood by our common everyday practices. It seems as though tilsey is prepared to argue his case about this deposit and challenge anyone based on the information he has acquired. Will sgs follow on, or will they debunk his theory? Frank took over and basically said this. Tilsley and all of the field work, they have come to the conclusion that there is something there. Sgs who has interlaced all of their data has come back and said there is something there. Regardless of the exact theory of how it's there, they are all in agreement that this is very real and worth pursuing as a significant gold deposit. The challenge? Straight up...it's money. If they had all the money in the world they would start mining it asap. If it was anywhere like in the abitibi, Val dor or other mining district, they would have zero problems but they see themselves as alone in this region, even though they are aware several other companies are conducting work. If they had the funds, they would probably ramp right down and get bigger samples of t1. Or, as sgs suggested, start mining right away. They don't have unlimited funds but they do have 4m, which bob stocks corrected frank and said they have less than that, to which frank said he was including money due from government etc. Valid point is that one blessing is that they have not done much over the past while which would have gone unappreciated by this soft market anyways. If and when the market recovers, gnh should will be positioned better. I felt like gnh has been cleansed and that these guys are ready to use this as a chance for a fresh start and to put the pieces together as they should be, but with a whole world of more information and experience from the drill program and relatively new board. Theyve been invited to a show in san Francisco coming up, and are looking forward to building out from known zones with the ultimate goal of...I'll say it again...the first 43-101 RE in SE Quebec. He and Tilsley and others see that it is an absolute given that this region will be a major mining district at some point in time. He did not give a timeline for this, and I would guess he was going to be avoiding it. So look for something in the next 10 days, drilling is imminent and sgs report is completed. And they have cash in the bank. Overall I thought it was a very good meeting. I of course have no formal training or experience in this sector so take this as you wish. Oh ya, Tilsley referred to the only experience and knowledge of this style of deposit is russia. I basically asked him if he has been able to convince anyone other than himself of what he sees. He said Fran manns (head of tsx mining) and him kind of had a high five moment when they both came to the same conclusion. Problem is they'll need to convince the mining specialists as the investments firms as well. I actually think they'll get there if the share price is right. I didnt stick around at all afterwards, and I've wrote this with an iPad and am not spell checking. b
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