Posting bankruptcy is IDIOCY.your Avitar says it all,

Vancouver, B.C. July 17, 2013 St. Elias Mines Ltd. (SLI-TSX-V) (the “Company”) provides an update with respect to the corporate affairs of the Company.

Cueva Blanca Property, Peru

As a result of local communities within the Cueva Blanca Property expressing strong concerns about, and objections to, mineral exploration activities at Cueva Blanca, the Company has entered into an agreement to sell the Cueva Blanca Property. General difficulties and social unrest/violence have been encountered in northern Peru by other exploration companies, such as Candente Coppersat's Canariaco project, which adjoins the Cueva Blanca to the east, and at Golden Alliance's Rio Tabaconas project

St. Elias and its wholly-owned subsidiary, Minera Santa Elisa S.A., have entered into an agreement with Minera Elemento 79 S.A. (“Elemento”) whereby St. Elias has agreed to sell and Elemento has agreed to purchase a 100% interest in the Cueva Blanca Property, subject to a 3% net smelter return royalty (the “NSR”), in consideration of US$100,000. Under the terms of the agreement, Elemento can purchase 83.33% of the NSR in consideration of paying US$2,500,000 to St. Elias thereby reducing St. Elias’ portion of the NSR to 0.5%.

In 2002, St. Elias earned a 49% interest in the Cueva Blanca Property from Inca Pacific Resources Inc. (“Inca Pacific”) in consideration of cash payments, issuance of shares and exploration expenditures. St. Elias acquired the remaining 51% interest in the Property from Inca Pacific in 2008 in consideration of St. Elias paying Derecho de Vigencia and non-production penalties for 2008 with respect to the Cueva Blanca Property in the amount of US$27,603.

In 2010, St. Elias granted an option to earn a 60% interest in the Cueva Blanca Property to Amarok Resources Inc (“Amarok”) which option Amarok subsequently dropped and in 2011, St. Elias granted an option to earn a 60% interest in the Cueva Blanca Property to Intigold Mines Ltd. Which option, Intigold dropped in 2013