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Silver Wheaton Corp. Message Board

  • pascuaforensics pascuaforensics Feb 9, 2012 10:14 PM Flag

    Vital reading for SLW's investors - shareholders

    From Barrick's board

    ABX in Court this March, Pascua Lama issues

    9-Feb-12 05:09 pm

    Mountain-West continues action against Barrick Gold

    2012-02-09 16:20 ET - News Release


    Mr. Brent Johnson reports

    BARRICK'S (ABX) PASCUA LAMA SUBSIDIARY, NAMED DEFENDANT IN CHILE

    Mountain-West Resources Inc. has received court filings confirming that Minera Nevada SpA, recorded as the owner of Pascua Lama in Barrick Gold Corp.'s 6K SEC 2011 filings, is named as a defendant in a Chilean court to attend hearings as of March, 2012. It has been requested and accepted for legal process, that the Los Amarillos 1-3000 which came from Lac Minerals to Barrick in the 1994 takeover, be struck from of the Mines Registrar in Chile as of 2012. This is due to evidence of Chilean Mining Legislation violations.

    Tesoros Uno 1 al 30 through Tesoros Doce 1 al 5 mining concessions and its concessionary Hector Unda Llanos, are also named and called in the same action. The court needs to discover why the Tesoros and Amarillos overlap in a super position for the same beneficial owner. In North America both of these assets are filed as owned at the SEC and OSC by Barrick Gold Corporation - ABX in 2011.

    The Company is in possession of the 2011 Tesoros titles. These titles are registered to Jorge' Lopehandia Cortes by the Mines Registrar in Chile. They are filed as owned by ABX in its 6K (2011) at the NYSE. The Company is also in possession of the Amarillos 1-3000 titles in 2011.

    Barrick Gold Corporation or any of its worldwide subsidiaries, including Minera Nevada SpA, are not registered as the named beneficial owners of the Tesoros mining concessions. This is the result of the injunction filed and granted to Mr. Lopehandia's legal team on June 5, 2001. Barrick is not named the beneficial owner of the Amarillos 1-3000 asset in Chile, which are reported to be salts and nitrates concessions (2011) by SERNAGEOMIN*, Chile.

    Barrick Gold Corporation must prove to the OSC and the SEC that AMARILLOS 1-3000 (the LAC Minerals investment) are, in fact, permitted to mine gold, silver or copper from 1994 - 2012, by the Chilean authority SERNAGEOMIN.

 
SLW
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