When Did The Penny Stop Being 100 Percent Copper
Papuan Precious Metals Corp (PAUFF: OTC Link) | Anomalous Gold Values In Breccias Bolster Copper Porphyry Potential at Kuliuta
Anomalous Gold Values In Breccias Bolster Copper Porphyry Potential at Kuliuta
PAPUAN PRECIOUS METALS CORP (“PPM or the “Company”) announces it has received final assay results for drill holes KUD003 and KUD005, which tested the gold-bearing hydrothermal breccias below the trenches within the La’mau’sing or “Zone A” gold-in-soil anomaly (see news releases dated February 22 and May 2 2011). Zone “A” is located approximately 200m to the west-southwest of the sub-volcanic hosted, copper-bearing zone tested by drill holes KUD007 to KUD011, which identified native copper over long intervals. On November 10th PPM announced it was resampling and reassaying core from KUD007 to determine a reliable assay method for analysing native copper in holes KUD007 to KUD011. Kuliuta continues to represent a highly prospective porphyry copper target.
Drillhole KUD003
Hole KUD003 (azimuth 300o, dip 45o, 103.70m total depth) was collared below gold-bearing breccia in Trench 2 (27m averaging 3.58g/t Au). Drilling intersected altered and stockworked latite from the surface to 44.70m and hydrothermal breccia over a 13.90m down-hole interval from 44.70m to 58.60m. Anomalous gold mineralization was encountered in several discrete intervals, up to 4.0m wide, from 3.0 – 65.0m downhole.
KUD003 assay results are presented in the following table:
Hole KUD005
Hole KUD005 (azimuth 130o, dip –45o, 120.10m total depth) tested the down-dip extensions of the breccia cluster intersected in overlying Holes KUD001 and KUD002 and drilled below Trench 11 (50m averaging 0.9 g/t Au), in addition to testing the deeper copper porphyry potential below a nearby surface breccia that returned 128 g/t Au, 1.78 % Cu, 18.8 % Mn and an anomalous 30 ppm Mo (see news release dated May 2 2011).
KUD005 intersected hydrothermal breccia from 19.60m to 42.50m. At 24.70m minor chalcopyrite was noted with botryoidal haematite. A 20m wide zone of haematite flooding was noted 66.40m downhole. Anomalous gold mineralization was encountered in several discrete intervals from 23.0 – 34.0m downhole.
KUD005 assay results are presented in the following table:
The surface evidence and narrow gold intersections identified during this first phase of drilling at Kuliuta continues to suggest that deeper copper-bearing rocks should be present beneath or adjacent to these breccias, due to its close proximity (200 m west-southwest) to the copper-bearing latite stock intersected by drill holes KUD007-KUD011.
PPM believes that Kuliuta represents a significant porphyry copper target for the following reasons:
· Peripheral breccia swarms, some of which are narrowly gold and copper mineralized;
· Extensive hypogene haematisation (oxidation) that both caps La’mau’sing Mountain and is present in the sub-surface;
· The presence of both hypogene (or primary) native copper, varying from trace to locally high (visual estimates) concentrations, and sulphide copper as disseminations, stockworks and void-fillings over long drill intervals below (the tested southern flanks of) La’mau’sing Mountain;
· Long intervals of latite and pyroclastic breccia with porphyry-style argillization (illite-quartz-pyrite) as well as zones of brecciation and hypogene haematite flooding. Haematite flooding with blebs of native copper persists to downhole to a depth of 480m (Hole KUD011).
Assays
Assays for Holes KUD007 to KUD011 will be reported when available. Drill core from each of these holes has been logged and sampled, while KUD007 has been resampled to determine representative copper assay values. Quarter core from Hole KUD007 has been sent to ALS-Chemex, Brisbane, Australia, for further analysis, as outlined in the Company’s November 10 2011 news release.
Samples from KUD008 to KUD011 are being sent to Genalysis Laboratory in Lae, PNG, for sample preparation prior to pulps being sent to Townsville, Australia for analysis. Gold analyses will include standard 25g lead collection Fire Assay followed by Flame Atomic Absorption Spectrometry.
The New Hanover Project
The Company believes New Hanover is an outstanding opportunity for the discovery of porphyry copper and epithermal gold mineralization in a geological terrane that has been bypassed by modern mineral exploration for the past 22 years. The project comprises two 100% owned exploration licences (EL 1566 ELA 1856) covering 591.6 km2 at the north-western end of the Lihir-Tabar alkaline volcanic belt, host to the giant Lihir and Simberi gold deposits. Andesitic-dacitic volcanic rocks are widespread on New Hanover. They were erupted from a coalesced complex of Late Miocene-Early Pliocene stratovolcanoes that were built upon older Late Eocene-Late Oligocene submarine andesitic and basaltic rocks. Diorite, microdiorite and micromonzonite stocks intrude the younger volcanic rocks. Of particular interest is the presence of alkalic rocks, having relatively low silica content and enriched in sodium and potassium, at the Kuliuta epithermal gold prospect, indicating that New Hanover is geologically related to the Plio-Pleistocene Lihir-Tabar chain of alkaline volcanic islands.
Further details of the New Hanover project are available at www.ppmpng.com.
The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed on behalf of the company by Ian David Lindley, President Chief Operating Officer of Papuan Precious Metals Corp, a Qualified Person. Dr. Lindley has First Class Honours and Ph.D. degrees in Geology, 34 years mining industry experience, and is a Fellow of the Australian Institute of Geoscientists.
This press release contains "forward-looking information" Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause PPM's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related exploration and development; the ability to raise sufficient capital to fund exploration and development; changes in economic conditions or financial markets; increases in input costs; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. PPM disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.
ON BEHALF OF THE BOARD
“David Lindley”
David Lindley, President and COO
For further information contact:
Greg Downey at 1.866.979.7022
Or email: info@ppmpng.com
Article source: http://www.otcmarkets.com/stock/PAUFF/news?id=38431
Copper Sterling
Aim
Provide the people with a decentralized and debt-free tangible currency.
Philosophy
Mankind has utilized precious metals as a medium-of-exchange for millennia, and the need for a tangible currency is most relevant during the collapse of a government-backed fiat.
Whether deliberately inflicted upon humanity or not, the 201X collapse of current debt-based fiat will herald the birth of a new venture into commodity-backed currencies on a global scale.
I disagree with those that believe the Anglo-American elite desire a gold-backed currency, although I do see signs that the Chinese elite could be considering such a move. I believe the Anglo-American elite, aka Rothschild and his partner-in-crime Rockefeller, desire a debt-based global governance digital fiat.
I could concede to the notion that ‘they’ have a sequence-strategy of 1: Introduce numerous national/regional debt-based fiats followed by 2: A global gold-backed debt-based currency, followed by 3: Proceed to a global debt-based digital fiat, but I don’t presume a gold-backed currency is their final objective. A debt-based digital fiat, preferably one ‘bank-wired’ via a micro-chip is most probably ‘their’ sinister goal: they can monitor and tax every transaction with such a currency, and therefore dominate and manipulate humanity with absolute tyranny.
‘They’ even have a strong repulsion towards their own debt-issued cash because trade can be conducted ‘off the radar’, and I suspect that broadening of ‘laws’ prohibiting cash transactions over the coming months will become a feature.
I’m sure they’re well aware that many individuals own gold. Furthermore, such people hoard this precious metal as the financial equivalent of a tin of baked beans. Trade through physical gold could be conducted off-the-radar – a behaviour ‘they’ wish to extinguish. I firmly believe the elite would trash gold as an industrial metal if they could: a behaviour they’ve clearly undertaken with the other precious metal, silver. I can clearly see that the elite value the control and distribution of the precious metals as a method to control humanity, but I strongly suspect they don’t view them as precious themselves. At the current rate of destruction, silver will become a feature of the past, thus providing the elite an avenue for greater control over currency as the people have lost one of their reliable medium-of-exchanges and choice of money.
Perhaps I’m wrong, and the elite are not deliberately trying to convince humanity gold isn’t money, whilst simultaneously destroying silver, but it isn’t a key reason why I am proposing a debt-free copper-backed £sterling currency. The primary purpose would be to provide a tangible copper-backed debt-free currency for the freedom-seeking people to utilize as a medium-of-exchange.
Thoughts of the future
I agree with those that state a medium-of-exchange was most probably introduced by the elite to enslave humanity millennia ago, and that a currency-less society is an ideal that could be achieved some day in the future. I seriously doubt, however, that humanity is psychologically prepared to leap from debt-based government fiat to no currency at all in a one-step transition. Perhaps my grandchildren or great grandchildren will be born into a world in which humanity works in harmony with itself and nature without the need for a medium-of-exchange. However, people aged 30 and above will probably never witness such a world, and our ‘purpose’ must be to a: decentralize the currency and, b: produce debt-free currency.
Final thoughts
In a nutshell: I believe a commodity-backed debt-free currency is an ideal way to combat the elite whether they intend to pull another gold-backed or a government fiat. Furthermore, I perceive copper as an ideal alternative – for the Brits at least – to the ‘traditional’ gold and silver currencies of yesteryear.
Silver isn’t the obvious choice for people in Britain. The last time silver was incorporated into everyday coins was 1947, and they were only 50% silver. We need to go back to 1919 to identify the year the last 90% everyday silver coin was minted. It is therefore assumed that most of the coins have either already been melted-down or in the hands of numismatics enthusiasts.
I often smile at the older generation when they refer to their cupra-nickel 5, 10, 20, and 50p coins as ‘silver’. However, their naivety teaches me that there is a psycho-linguistic connection towards silver, which made me contemplate more. Of interest to note is that people never refer to £1 and £2 brass-coated coins as ‘gold’.
This lack of psycho-linguistic attachment to referring to the brass coins as ‘gold’ is an obvious behaviour that indicates the people have never wandered around with gold coins in their pocket for a medium-of-exchange. It will have served as storage-money for the very wealthy, but the common man, and even the middle classes of England, will have only used silver and copper coins in bygone times – not gold. The gold-standard was inflicted onto the poor and middle classes by the rich to serve the interests of the rich.
The brass coins were a psychological ploy to encourage a cognitive valuing mechanism in the mind of the holder. To understand my point more clearly please place a 1 or 2 pence next to a 5, 10, 20, or 50 pence and then a £1 or £2 coin next to that. What do you have? Do/Can you see the trick of copper, followed by silver, followed by gold as a cognitive valuation of the coins? In reality, if you were using recent coinage you would in fact be looking at copper-plated steel, cupra-nickel, and brass-coated cupra-nickel.
A gold-standard would be an abomination in England, shouldn’t be pursued and also discouraged when communicating with the avid gold-bugs amongst us. I understand the concept of hoarding gold in an off-the-radar strategy, but I disagree with it being a manner of de-coupling from the elite’s web-of-debt for humanity. Although, I think they have a lot less gold then they state, the elite do still hold enough gold to control the citizenry of our beloved ancestral homeland.
I strongly insist those that believe the elite have large amounts of silver to re-do their homework. Areas that establish a debt-free silver standard, such as Utah will de-couple from the elite’s financial system. I strongly urge anyone in the freedom movement to examine the Anglo-American elite’s silver holdings. The evidence suggests they hold very little and are in fact on a decades’ long road of deliberate destruction of the world’s silver.
As stated, it often makes me smile when the older generation refer to their cupra-nickel coins as ‘silver’, and I even have a wry grin when people refer to their pennies as ‘copper’. I often ask, “are you sure it’s copper?” J The main aspect I learn from this is that people do refer to some of our existing currency as ‘copper’, and this has probably been a feature of our language for centuries. The very name “copper sterling” has powerful meaning to it.
What’s in a name? Well, many things: a name is a word, and a word is a concept. The name ‘sterling’ has been uttered in the context of English currency for over 1200 years and there’s a significant psycho-linguistic attachment to the term. I presume many of the smaller groups that fight to ‘protect the pound from the euro’ have little notion that the same force controls both. In other words, I believe the attachment to sterling is firmly imbedded in the Psyche of English people. This mere word –sterling – is something to fight ‘with’ whilst introducing de-centralised and debt-free currencies to English people, and I believe the word ‘sterling’ along with the word ‘copper’ could prove to be useful allies in the upcoming paradigm-shift.
Copper-backed £sterling
“With around 6 billion pre-1992 copper coins thought to be still in circulation in the UK……….” The UK Guardian May 2006
The beauty of establishing a copper-backed £sterling is that the people already have a lot of copper in their possession. Many people store change in jars and those large whiskey bottles; many simply haven’t the desire to queue-up at the bank to cash them in, and due to the bizarre 20p cap many stores would refuse payment in copper.
The 1971-1991 pennies and two pence pieces are made of bronze with 97% copper content. Weight-wise, a 2p is a quarter of an ounce, and so sixty-four of them would make one pound weight of bronze. Initially, therefore, bronze coins could form the foundations of a copper-backed sterling at 128pence current Royal Mint sterling to £1 new copper sterling.
Since copper is a tangible asset there would be far less ambiguity about the value of the currency. The assessment of a currency’s value will be driven not only by the participants, but also the very nature of the physical form.
Copper-backed £sterling would be easily converted to every other currency, whether precious metal-backed or fiat. Stability of the currency for those participating in the new £sterling would be an asset and a way to plan ahead.
Copper would also be an excellent local and small business currency and as localism is a natural defence and counter against the elite globalist, a copper-backed £sterling currency would be a ‘morality’ currency – attracting good and honest people towards its purpose.
Transitions
Unlike digital ‘L’, it would be not be feasible to peg copper £sterling to Bank of England £sterling for the obvious reason that copper is finite. Not a man, woman, or child amongst us can correctly predict how much the elite will inflate the volume of debt-based BofE £sterling. They certainly appear content to keep M4 at the current level in autumn 2011: This strategy can be inferred by the recent ‘injection’ of £75 billion into the system. This move achieved keeping M4 the same, but increased M1 as the consumer-credit-based-fiat was paid-down by the people.
What will happen when M1 begins to creep steadily towardsM4 over the following months-or-so remains to be seen, but the recent issuance of £50notes could be omen of future life on the streets of England – who fully knows?
Interestingly enough, on the Bank of England’s official website regarding the new £50, there is statement of, “As new-design banknotes are introduced so the notes they replace are withdrawn.”
However, the UK Guardian reports that, “The Bank of England has not given an official date for withdrawal of legal tender status for the old-style note, but will give three months notice before these become defunct.”
How many ‘drops’ of paper currency will Mervin make over the next few months/years, and how many times will he decide to not give, “an official date for withdrawal of legal tender status for the old-style note”? I do not wish to think about it to be honest.
So copper-backed £sterling wouldn’t be pegged to current sterling and its function as an absorber of the old fiat at a one-to-one peg is impractical. However, it could absorb some of the BofE currency through being pegged to copper. This is a strength of copper-backed £sterling as its store-of-value status as ‘money’ is far better than its fiat namesake.
It would therefore not serve the same purpose as ‘L’, and nor would I recommend it as a substitute to ‘L’. Copper £sterling could co-exist alongside ‘L’ and act as a tangible debt-free currency for those ‘feeling’ the need for ‘real money’ i.e. Precious metals. Copper is already touted as a semi-precious metal on many forums around the world, and many can clearly ‘see’ the intrinsic honesty of a debt-free commodity-backed medium-of-exchange.
Paper/fiat-bugs shouldn’t be in conflict with monetary metal bugs
There appears to be conflict at times between those that propose a debt-free tangible and the people that propose a debt-free fiat. The comments on ‘the money masters’ suggest that people waste too much time debating fiat versus precious metals, instead of recognising that the problem is essentially the basis of our currency supply – usury.
The elite have practiced usury on both precious metals and government fiat.
Please don’t conflate the fiat versus tangible debate with debt-free currencies and the decentralisation of currencies. I’m not suggesting that you, the reader, does this by-the-way, but I do believe it’s important to focus on the problem: Debt-based currencies controlling the entire ‘above ground’ global markets.
I personally believe we should encourage both debt-free fiat and debt-free tangibles to co-exist and compete alongside one another. Having either isn’t an automatic barrier to usury practice, and having both will create a more diverse economy.
There are many precious-metal bugs that could resonate with copper- backed £sterling
In late 2008 my ‘alarm bell’ commenced to nag at the back of my mind through my sub-conscience fuelling an avid and dedicated research into the mechanisms underpinning the global system. It’s been an interesting and enlightening journey, and has brought to my attention a variety of information and groups. I believe I was somewhat ‘lucky’ as my awakening was undertaken in foreign lands, and so my research was relatively uninterrupted by the UK mainstream media.
By mid 2010, I’d accumulated a certain amount in an ISA – the only time in life when I’d had more than ‘pocket money’ – and as I hadn’t yet purchased a property, I began to assess the currency system and subsequently realised my savings were effectively being confiscated through inflation. Usury is a diabolical trick, and one I intend to stay clear of as much as possible. After countless hours of research I decided upon transferring my ‘money’ into silver bullion ‘money’. I don’t regret this, nor have I ceased to purchase silver.
I’m 36, and people my age and younger are buying precious metals as very few of us trust the government, pension schemes, and have also been priced-out of the housing market. In late 2010, there wasn’t any bullion merchants offering copper-bullion, but now there are many that offer a combination of copper and silver and a few offering copper-bullion alone. It’s a trend that should be embraced in the form of copper backed debt-free sterling.
Copper-backed £sterling can accompany and complement ‘L’
Copper-backed sterling will never account for all the debt-based BofE sterling at a 1:1 ratio, and it shouldn’t be pegged like ‘L’ currently is. Copper-backed £sterling is pegged to the value of physical copper, and will fluctuate with other asset classes on that basis.
I can’t see any reason why both debt-free fiat ‘L’, and debt-free copper £sterling could not co-exist and complement each other.
Stores could accept a percentage of all three currencies. For example, a store could request£9 BofE, 1’L’ and £0.15 copper sterling. Fifteen pence would be one AVDP ounce of copper/bronze, and would function as part of 240 pence in the pound for new copper £sterling.
Imagine prices from the 1950s to gauge the price list of items under copper £sterling.
I believe ‘L’ could be useful in facilitating motivation for those with most of their ‘fruits of labour’ invested in BofE £sterling, and therefore could serve a different market function to copper-backed £sterling.
The younger generation, however, do not have a pension unless you count our NI contributions but many amongst the ‘awakened’ are not naïve enough to believe that this currency will survive. We are also suspicious of fiat – which ultimately could ‘simply’ be a feature of a generational gap.
The young, therefore, have no desire to keep this paradigm going, nor do we require a currency to absorb our pensions. Copper-backed £sterling could resonate with the youth – bringing them onboard and completing the generational gap between the ‘paper bug’ generation, and the younger ‘monetary metal’ bug generation.
Many people are ‘jumping ship’ from BofE sterling and into the ship of precious metals. We are, however, somewhat disorganised and most are simply hoarding silver bullion in tins and burying it somewhere. Having the semi-precious metal copper backing a new £sterling would allow trade to develop amongst such people. Furthermore, I believe a copper-backed £sterling would eventually be seen by many to be a reliable money and currency, and such people would set-up an account at the bank.
Copper £sterling and the debt-free fiat known as ‘L’ could be a savvy combination to compete against the elite’s banking industry. Together they would attract a wider range of debt-slaves into a better world.
Mathematics of copper £sterling
New copper £sterling would operate at 240 pennies to the pound.
Initially, the coins would be bronze, but later coins could be either pure copper or bronze. Although copper is the name of the currency, participants would have a ‘gentleman’s agreement’ that the Royal Mint 1971-1991 Bronze coins will be considered as ‘copper’.
A 1971-1991 two pence would be worth 3-and-¾ pence in new sterling, whilst a one penny would be worth 1-and-7/8 of a penny. Anyone still holding one ½ pence would have 15/16 pence. For practical purposes, participants should be realistic and encouraged to charge multiples of fifteen pence, or multiples of four 2pence pieces.
If the bank obtained ‘organic’ growth then future copper coins would reflect the market demands.
Therefore 128 pence face value of current Royal Mint 1971-1991 pennies and two pennies would equal One pound new copper £sterling.
Please refer to the ‘Overview’ attached with this document for an explanation of the suggested stages. Below is a brief summary of the mathematics and physical form of copper sterling.
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