Twenty some years ago they divide the vast expance of land into an eastern arctic  as well as a  west meaning a legislature was distinct from the one in Yellowknife. There is  a lot of land that on the surface looks like it is not of much value, however mineral resources are  abundant. And the world is so small now. Last week at a scrap gold and antiques buyers event. A person brought in two tobbaco cans full of high-grade silver ore.  with silver around 6 dollars an once I talked to a person who mills precious metals for mines and we estimated that the A bar of silver could be poured from the cans of at least 50 onces About 300 dollars worth of silver. Only requiring a make shift furnace producing 2200 degrees farenheit for and hour.

I was in the territories when the Hunt brothers from Texas tried to corner the market for silver,by owning 10 percent of the world supply. The price rose to about 60 dollars and once. before  the supply side economics of Ronald Regan took over in the early 1980s collapsing metal prices back to demand.

The man said that a supervisor said take some for a  reminder fo his experience, and he did, this from a mine on the Camsell River on Great Bear Lake in the Northwest Territories.Lots of dynamics at work here, including publicly traded shares ,but if all the construction workers did  the same it would amount to a material loss to share holders. A loss more significant then market corrections when speculation increases stock value. We say if this happens to you be aware and get a recipe or something in writing. giving you permission.

There is a six month limitation period on crimes under $5000.00 in Canada, however there is no limitation on the value of your reputation.

Free minors licences are free to people over 65 and very inexpensive for those under and it gives you the right to prospect and collect samples on unclaimed land. You can pan for gold without one.

Today in history, March 5th 1999

The first premier of the  Canadian, new territory of Nunavut is elected.

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