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Message: Re: Still Trading
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Oct 06, 2014 03:04PM
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Oct 07, 2014 12:14PM
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Oct 07, 2014 12:29PM
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Oct 07, 2014 01:09PM
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Oct 07, 2014 10:17PM

According to INGEMMET, Minera Santa Elisa fully owned all these properties. I'm not sure how it works there, but I would assume that as long as the leases were paid, the officials in Peru don't really care who paid for them.

On the same token, if INGEMMET dealt with certain people in association with Minera Santa Elisa in the past, they probably would not even think twice about accepting vigencias payment from them.

Let's take for example, the Chance G claim (which, according to the diagrams provided, is overlapped by Chance 1).

In the documents, John Brophy's wife, Emilsen Medina Inga de Brophy, acted as the representative for Minera Santa Elisa.

Another name on the documents that sounds familiar is Marcial Clemente Portocarrero.

Isn't he an informale that was mentioned in a news release put out in December 2012?

Here are the parts of the NR that he was mentioned in:

  • Explore for high-grade gold in deep, down-plunge extensions of the steeply-plunging gold-bearing “ore shoots” in the A-4, C-2 and Poderosa veins. The “ore shoots” in these veins were thoroughly exploited by independent miners in past years, but production was limited to a few tonnes per day (pers. comm., Marcial Portocarrero, 2012).
  • Subject to the availability of additional capital, St. Elias intends to complete the National Instrument 43-101 compliant resource estimate on the waste rock dumps [by mid-2014]. These dumps are unusual because they were left behind by informal miners who rejected any material that was visually estimated to grade less than 15 g/t gold (pers. com., Marcial Portocarrero, 2012).

    http://steliasmines.com/?p=1894

    So, like I said, I'm not sure how it works, but Minera Santa Elisa is definitely listed as owners of these claims.

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