WowThe smell of "scam" grows stronger as evidence points to UCAD and CMKX to be the same company:
http://ragingbull.lycos.com/mboard/boards.cgi?board=CMKX&read=358460
barrington foods is now UCAD
BBX is located in Las Vegas
ucad became a mining comp shortly before we started drilling
ucad joined cmkx in canadian deal
ucad is co-sposor of funny car
ucad had links to funny car on their website
ucad is also offering cmkx memorabilia
ucad is agressively finding new minig companies for purchase
BBX funding must still be in place
Rick Walker, company president of Shane Resources (SEI.H) CDNX,
Consolidated Pine Channel (KPG) CDNX, and United Carina Resources
(UCA) CDNX, to share the cost on this major airborne survey.
Makes them actually 50 % owners in claims
if what i think is right cmkx still owns 50% of everything
i think we own big portion of ucad or all of it, makes for 50 %
see the team could only be a 2 part instead of 4
Because we own Ucad
Just some thoughts do your DD to check this theory
SSok
http://finance.groups.yahoo.com/group/cmkxtrememachine/
Check out the above link for more exciting stuff on cmkx
Barrington foods was broke in december 2004 , and now all of a
sudden they ars a mining company with lts of money to spend
UCAD AND CMKX TIES
Read this Ucad Statement and you will see the early developmental
stages of the CMKX AND UCAD LINK. We own UCAD
Form 10QSB for U S CANADIAN MINERALS INC
---------------------------------------------------------------------
-----------
21-May-2004
Quarterly Report
Item 2. PLAN OF OPERATION.
((((On January 2, 2004, the Company changed its name from Barrington
FoodsInternational, Inc. to U.S. Canadian Minerals, Inc.))))
CHANGED FROM A FOOD COMPANY TO A MINING COMPANY
This marked a material,significant and fundamental change in the
Company's business, and future plans.The Company abandoned the
business plan it tried to implement since 2001, thatfocused on
marketing and selling a variety of soy based food products and
otherconsumer goods to developing nations.
(((In its place, the Company decided to pursue the mining development
business, focusing on (1) acquiring rights to landwhere precious and
semi precious minerals and rocks were believed to exist;acquiring
the necessary equipment and know how to operate the mines;
and,selling the ore for profit; and, (2) expanding its mining
business into othermining related ventures that included acquiring
and operating existing smeltingand milling operations. )))
NOW WHERE DID THIS FOOD COMPANY JUST ALL OF A SUDDE AQUIRE SUCH KNOWLEDGE INTO MINING ?
Each of the ventures discussed below must be read in conjunction
with thefollowing section regarding risk factors associated with
mining for preciousminerals and gemstones.
COMMON RISKS ASSOCIATED WITH MINING FOR PRECIOUS MINERALS AND GEM
STONES
(((Generally speaking, there are a number of basic geological tests
that must besuccessfully completed by a developer in order to
justify full-scale miningoperations for precious minerals and
gemstones at any site. Typically,
((aerialmagnetic surveys ))
KINDA COINCIDENTAL SINCE THIS WAS ABOUT THE TIME CMKX SRARTED THE AERIAL SURVEYS
are first conducted over a particular tract of land. Thesesurveys
provide imaging based upon the magnetic qualities of gold and
diamondsthat can be detected through the magnetic technology in any
given cubic meter ofraw land.
(( Assuming that the magnetic aerial examination reveals the
presence of gold, diamonds, or other precious minerals, the next step
is to perform augerdrilling at the site.)
(( HOW DID A FOOD COMPANY NO THIS))
(( This involves drilling small core samples, approximately1-2
inches in diameter, and analyzing them for the existence of trace
mineralsat various depths. Once the core samples are examined and
evaluated, andassuming that the core samples reveal amounts of
precious metals, mineralsand/or diamonds, then bulk sampling occurs
in those areas shown by augerdrilling to have the most potential.))
THIS LOOKS TO HAVE BEEN HAND FED SORT TA SPEAK
The land is divided into "grids." Bulksampling involves using
backhoes and excavating up to 100 meters of raw dirtfrom promising
grids for mill processing. Processing at the mill will result ina
statistical analysis of approximately how many karats of diamonds,
gold, orother precious minerals and gemstones may exist in each
grid.
((Once these steps are complete, then the developer of the area
retains anindependent expert geologist to review the developer's
work and research.))
NOW WHO IS THE DEVELOPER(CMKX)
((Typically, the independent geologist will perform
some of the same testsdescribed above. If the expert's results are
consistent with that of thedeveloper, then the expert verifies the
tract (also referred to as being "provedup") and the resources on
the land, then the developer proceeds to more largescale on site
mining operations. ))
DR MARK HUTHINSON , WHO JUST COINCIDENTIALLY WORKS FOR CMKX AND UCAD
Undertaking the preliminary testing on any given tract of land is
costly.
(((Thepreliminary testing described above requires retaining persons
who possessexperience and sophisticated technology, such as with the
aerial magneticsurveys.))
GOOD WORK FOR A FOOD COMPANY
((Additionally, there are substantial costs involved with
hiringexperienced persons to perform and analyze the auger drilling
and bulk sampling.Further, hiring an independent expert to verify or
prove up the resources can beboth time consuming and costly.))
MORE GOOD WORK FROM THE ONCE FOOD BOYS
Aside from costs related to the professionalexpertise of persons
necessary to perform these services, it should be notedthat these
services may have to be provided outside of the United States.
Asdiscussed below, there are at least two development interests the
Company ispursuing in Canada and Brazil.
THEY KNEW AHEAD OF TIME WHERE THEIR DEVELOPING INTERESTS WERE
((There is no guarantee that the Company will beable to finance such
testing on tracts where there has been no testing to date,such as
the fort a la Corne, Prince Albert, Province of Saskatchewan,
Canadaproperty discussed below.))
I SMELL URBAN IS ABOUT THIS THING SOMEWHERE
(( Further, there is a substantial risk that even wherethe Company
might be able to arrange for adequate financing to carry
onpreliminary testing, that there may not be evidence of sufficient
amounts ofprecious metals, gemstones and/or minerals that would make
it reasonable toproceed with full scale mining operations, resulting
in the foreseeablepossibility that the Company could incur large
losses on unsuccessfuldevelopments and related projects.))
AH YES DISCLAIMERS
((Presently, the Company does not have sufficient funds to implement
the businessplan it adopted and as described herein. The Company
expects that it will needto acquire debt and equity financing in
order to sustain operations over thenext twelve month period.))
DO YOU SEE URBAN YET - THEY DEVELOPED THE FINANCING REAL QUICK AS YOU WILL SEE
There is no guarantee that the Company will acquiresuch financing,
and so readers are warned to take this into account whenevaluating
this issuer.
The Company's accountant has included the following statement in its
notes tothis filing:
"The accompanying financial statements have been prepared on a going
concernbasis, which contemplates the realization of assets and the
satisfaction ofliabilities in the normal course of business. ((The
((Company has incurredcumulative net losses of approximately
$18,345,000 since its inception andrequires capital for its
contemplated operational activities to take place.)))
SEE THEY ARE BROKE - NO MONEY - DEAD COMPANY
Thecompany's ability to raise additional capital through the future
issuances ofthe common stock is unknown. The obtainment of
additional financing, thesuccessful development of the Company's
contemplated plan of operations, and itstransition, ultimately, to
the attainment of profitable operations are necessaryfor the Company
to continue operations. The ability to successfully resolvethese
factors raise substantial doubt about the Company's ability to
continue asa going concern. The consolidated financial statements of
the Company do notinclude any adjustments that may result from the
outcome of these aforementioneduncertainties."
MORE OF MORE DISCLAIMERS
THE JOINT VENTURE WITH NEVADA MINERALS, INC./SASKATCHEWAN PROPERTY
nOW ALL OF A SUDDE MONEY IS ABOUT AND LOOK WHAT STARTS HAPPENINING
((On January 20, 2004, the Company entered into a formal joint
venture agreementwith Nevada Minerals, Inc. to develop up to 500,000
acres of potentialKimberlite Mineral property located on the east
and northwest sides of fort a laCorne, Prince Albert, Province of
Saskatchewan, Canada.))
I SMELL URBAN IS ABOUT
Kimberlite andKimberlite pipes are the raw materials from which
diamonds may be extracted. Thejoint venture operates under the
name "NevCan." The joint venture has a termthat expires on January
20, 2005. By the terms of the joint venture contract,the Company has
the rights to twenty percent of the revenues from miningoperations
at the site. As consideration for entering into the joint
venture,the Company paid to Nevada Minerals, Inc. five million
shares of restrictedcommon stock. For its part, Nevada Minerals,
Inc. tendered its rights to developthe 500,000 acres at the fort a
la Corne, Prince Albert site. No on site miningdevelopment of this
property presently exists and no preliminary testing hasoccurred.
All prospective mining operations on this land are contingent on
anumber of preliminary tests being successfully completed, as
discussed above.
NOW COMES URBAN CASAVANT EVEN MORE SO
(((On February 26, 2004, the Company entered into a joint venture
agreement with CMKM Diamonds, Inc., a Nevada corporation, to conduct
a airborne survey of thefort a la Corne Kimberlite fields, including
the 500,000 acres held by NevCan.))
REMEMBER THEIR ABOVE STATEMENTS CONCERNING AERIAL SURVEYS
((The aerial survey will use a tri-axial magnet gradient to discover
Kimberliteand Kimberlite pipes. The Company is one of many other
joint venture partners inthe aerial survey, all of whom own or have
rights to develop land in the fort ala Corne area.))
((The aerial survey has not been completed and is a
conditionprecedent to the Company and NevCan proceeding with further
on site developmentthat includes exploratory core sample drilling.
Even if Kimberlite and/orKimberlite pipes are located by virtue of
the aerial survey, there is noguarantee that any Kimberlite pipes
actually contain diamonds without furtherinvestment by the Company
into developmental testing and verification.)))
WELL BOYS AND GIRLS IT IS FINISHED NOW, AS PER pr BY CMKX
Further,there is no guarantee that the Company will be able to raise
the necessaryfunding to co mplete the venture. Aside from these risk
factors, other riskfactors exist for the Company when it does
business in another foreign andsovereign nation. The Company's
operations in Canada (and elsewhere, see thediscussion that follows)
will be subject to the laws and regulations of theforeign sovereigns
where the Company is operating. To the extent that theCompany has
legal disputes with foreign nationals, the procedures for
resolvingthose disputes will be handled procedurally by the
application of internationaltreaties like the "Andean Pact" and
the "Paris Convention" of 1883.
NOW WHERE DID ALL THAT MONEY COME FROM ,AND HERE THE GO AGAIN , REMEMBER THIS COMPANY WAS BROKE
JUINA MINING CORPORATION ACQUISITION.
-
On February 23, 2004, the Company entered into a letter-of-intent
with theowners of Juina Mining Corporation [a Nevada Corporation] to
acquire majorityvoting interest in Juina's capital stock in exchange
for $200,000.00. Subsequentto entering into the letter of intent,
the parties entered into a formaldefinitive agreement in which the
Company agreed to purchase 10,000,000 sharesof preferred stock in
the Juina Mining Corporation, with a voting conversionrate of 8 to
1, in exchange for the Company paying $100,000 in cash andexecuting
a note for the payment of an additional $100,000. The parties
lateragreed to a single payment by the Company of $116,000.00 and
the payment of thebalance of $86,000.00 due on a promissory note
that matures on May 24, 2004.
The Company believes that acquiring Juina Mining will provide it
with revenuesbased upon Juina's existing joint venture with DIAGEM
International ResourceCorporation, a Canadian corporation, in the
Juina Mining Mineracao, Ltd., a firmthat owns 86% of the mining and
mineral rights to approximately 1000 hectares(2,477 acres
approximately) of potential diamond bearing land in the province
ofJuina Mato Grosso, Brazil. The property is located 342 miles north
of the cityof Cuiaba by air or 450 miles by road near the major
urban center of MatoGrosso. The area is serviced by air and land
transportation.
Full-scale bulk sampling has not been carried out on the property,
and so theventure has not progressed to the point where an
independent expert geologistcan conduct an investigation and
evaluation to prove up the land as a resourcearea. This venture is
on a small scale and in its early stages. However,mini-bulk sampling
has occurred, and based on that the Company believes that
theproperty does have potential to produce diamonds.
HMM THAT BELOW NAME ALSO HAS A CASAVANT RING TO IT
The mini-bulk sampling and auger drilling was conducted by DIAGEM,
and itsreport indicated that the property had diamond potential, and
that to a limiteddegree the property was diamond bearing. On March
3, 2004, the Company named
((Dr.Hutchinson)) SEE HERE HE IS
to lead its Mining Advisory
Board. Dr. Hutchinson holds a Bachelor ofSciences degree with honors
from the University of Edinburgh, and for the pastten years has been
studying diamonds in the Juina area-studies that formed thebasis for
his Ph.D. thesis in 1997. Additionally, the Company learned that
theproperty had a long history of diamond mining, and based upon due
diligencecarried out by Dr. Mousseau Tremblay, formerly of DeBeers
Canada, the propertywas determined to contain promising prospects.
In December, 2000, Dr. Tremblay,after visiting the site, reported
extraction of significant numbers of stoneswith encouraging grades
and diamond sizes from mini bulk sampling.
Mini bulk sampling of the property does not necessarily reflect the
alluvials ofthe property as a whole, and this venture is still in
its start up phases.Considerable risks are attendant to this
operation. Full-scale bulk samplingmust be completed, then the land
must be proven to be a resource area by anindependent expert
geologist. The risks and costs of such a project have beendiscussed
above and are equally as applicable here. The expected on
siteoperation in Juina will be comprised of a welding fabrication
house, primarywelding screen, a 4 tier vibrating screen seperator,
talings conveyors, and amagnetic screen separator house. Employees
will have to be retained to operatethe site. No employees have yet
been hired, and the Company's present inabilityto raise sufficient
capital to complete the full scale bulk sampling and retainan
independent geological expert to prove up the area as a resource is
asignificant risk to it being implemented and successful. The
Company expectsthat it will have t o utilize equity and debt
financing to obtain sufficientfunding in order to implement this
strategy. However, there are no guaranteesthat the Company will be
able to obtain such funding, and this is also asubstantial risk
factor.
((It is also critical to note that the Juina Mining/DIAGEM joint
venture imposed a"hibernation period" on development of the property
in October, 2001.))
I WONDER WHAT CAUSED THAT , REFER BACK TO OLD CMKI PRs
This"hibernation period" effectively curtailed
exploration and development of miningoperations. However, given the
recent flow of new finds and given the currenteconomic development,
the Company believes that the area is now ready to
emergefrom "hibernation" and that key personnel are now ready to
commence production.A permit to begin exploration and production has
been timely filed and awaitslocal governmental approval, which is
expected in due course. However, there isno such guarantee that this
permit will be approved or issued. This is acritical risk to the
operation. However, the Company believes that based uponits due
diligence and the information it has collected on the Hutchison
thesisand the Tremblay work, that the hibernation period is over and
it is a desirableand worthwhile risk. If the local governmental
authorities deny the Company a permit to continue development of the
Juina property, then execution of theCompany's plans in this regard
may be cancelled or curtailed, depending on ifand when governmental
approval is acquired.
NOW HERE WE GO AGAIN , DAM WE GOT SOME MONEY NOW
NEVADA MAGNETIC MATERIAL, INC. ACQUISITION
On March 16, 2004, the Company signed a letter of intent to purchase
all of theoutstanding common stock of Nevada Magnetic Material,
Inc., a Nevadacorporation. On March 17, 2004 the parties entered
into a definitive agreementconsummating the acquisition of Nevada
Magnetic Material, Inc. by the Company.The terms of the agreement
required the Company to exchange 50,000 shares ofrestricted common
stock in exchange for 100% of the issued and outstandingshares of
Nevada Magnetic Material, Inc.
Nevada Magnetic Material, Inc. owns mineral rights to real property
locatedapproximately 100 miles south of Las Vegas, Nevada. Since it
was established in1990, Nevada Magnetic was in the business of
processing raw ore into Anode Bars.This is accomplished by
converting raw ore into a concentrate by sifting andotherwise
processing it so that essential and valuable components of the
rawore, including gold, platinum, and silver, are changed into a
transportableform-the Anode Bar. Once developed into this form, the
Anode Bars can betransported for further processing into more pure
elements, like gold bullion.
Nevada Magnetic Material, Inc. possessed equipment necessary to
process the rawore into Anode Bars, but lacked the equipment to
further refine the Anode Barsinto bullion. Nevada Magnetic had no
active business when the Company acquiredit.
Alpha Research Corporation certified Assay Reports on Anode Bars
produced byNevada Magnetic Material, Inc. at its Southern Nevada
site by in November, 1989.Those reports concluded that elements
including gold, silver, platinum andRhodium were present.
The Company's plans for Nevada Magnetic Material, Inc. are to invest
money intomaking the operation a going concern, and to actively mine
the land and produceAnode Bars. Additionally, the Company wants to
acquire the necessary equipmentto further refine the Anode Bars into
bullion. However, these plans are subjectto the caveats discussed
above regarding the Company obtaining sufficientfunding to execute
this business plan.
CMKX IS BIGGER THAN ONE REALIZES. MORE MONEY FOR THE BROKE COMPANY
YELLOW RIVER GOLD MINE ACQUISITION
On March 22, 2004, the Company, by and through Juina Mining
Corporation,acquired an 80% interest in the Yellow River Mining,
S.A., an Ecuadorcorporation, in exchange for 5,000,000 shares of the
Company's restricted commonstock. Yellow River Mining, S.A. holds
legal rights and claims to gold miningoperations in "Provincia Del
Oro" [Province of Gold] in southwest Ecuador. Thearea is well known
for gold mining operations that have been carried on theresince the
1600s. However, the present mining operations are rudimentary and
muchof the mining work is done by hand. Very little modern mining
equipment isavailable or used. No aerial surveys, mini bulk sampling
or full bulk samplinghave occurred on the property. An independent
expert geologist has not proved upthe area as a reserve or a
resource. No equipment exists on site or otherwiseowned or
controlled by the Company, that would allow full scale development
ofthe mine should it satisfy all conditions precedent to it being
determined to bea resourc e. Thus, in order for the Company to
develop this asset, financingwill have to be acquired in order to
satisfy the conditions precedent forfull-scale mining to occur, and
there are no guarantees that the Company willobtain such financing.
On May 7, 2004, Company representatives Rendal Williams and Alejo
Bermudeztraveled to the Yellow River mine to conduct an inspection.
Neither man is aqualified geologist able to assess the potential of
the land to produce gold orthe amounts of precious metals that might
exist there. However, after reviewingthe operations for
approximately five days, Mr. Williams and Mr. Bermudezreturned
bringing with them samples of gold removed from the Yellow River
mine.This ore has not undergone independent testing to determine its
purity or karatweight. Additionally, Yellow River is to forward dore
bars of gold bearing oreare to be transported to the Company in due
course for further examination andevaluation by the Company. It is
also noteworthy that the Company undertook duediligence, and
reviewed prior to acquiring Yellow River, documentation regardingthe
legal rights of Yellow River to the mining area, and Yellow River's
legalstatus and capacity under the operative Ecuadorian legal
documents.
Costs to implement this plan may be significant, since the land
parcel islocated in Ecuador. Presently, the Company does not have
the wherewithal tofinancially support the development, but may if
adequate debt or equityfinancing arrangements can be made. Further,
the fact that the subject propertyis in Ecuador presents some
potential problems for the Company should legaldisputes arise
between it and the Ecuador government, or Ecuadorian thirdparties.
Potential trouble areas may include issues related to
environmentalregulations often governed by international treaties
such as the "Andean Pact,"the "Pan American International
Convention," and the "Paris Convention" of 1883.Civil disputes
between citizens and/or entities of different countries are
oftengoverned by procedures and laws developed under the above noted
and otherinternational treaties. Presently however, there are no
such disputes or legalissues that are germane to this discussion or
filing.
WELL WHAT CAN I SAY
JOINT VENTURE WITH EL CAPITAN PRECIOUS METALS, INC.
-
On May 11, 2004 the Company entered into a joint venture agreement
with ElCapitan Precious Metals, Inc., a Nevada corporation. The
joint venture operatesunder the name "CanBII" and will operate until
May 11, 2020, unless terminatedearlier pursuant to the terms of the
joint venture agreement. El CapitanPrecious Metals, Inc., in
exchange for 720,000 shares of the Company'srestricted stock, agreed
to convey 80% of the interest it holds in mining claimsdesignated as
the "COD" Mining claim located 18 miles north of Kingman,
Arizona.The parties agreed to divide the profits equally during the
term of the jointventure.
The COD mining claims are comprised of rights to assets
including "tailings" and"Settlement Ponds." "Tailings" is a term of
art that refers to waste generatedduring processing of raw land for
precious minerals, metals and gemstones.Tailings may contain
reasonably recoverable traces of precious metals that arevaluable if
further reclamation processes are carried out. "Settlement
Ponds"refers to waste water generated from similar processing
procedures connected tothe extraction processes to obtain precious
metals, minerals and gemstones. Thewastewater produced by the
extraction process can be successfully re-processedto extract trace
amounts of precious metals such as gold. The process ofextracting
the precious metals from wastewater can take anywhere from 3 to
20days. El Capitan Precious Metals, Inc. holds governmental permits
to conduct theextraction process that comply with both state and
federal environmental lawsand regulations.
In 2001 El Capitan Precious Metals, Inc. commissioned an independent
geologicalreport regarding the ground values of the COD mining
claim. Z & Z GeologicalConsultants conducted the review and prepared
the report, and the Companyobtained and reviewed the report before
entering into the joint venture. Theanalysis conducted by Z & Z
Geological Consultants indicated that the COD miningclaim comprised
a number of precious metals and minerals, including gold,silver,
lead, zinc and copper. Considering these facts in conjunction
withexpected secondary extraction of tailings and settlement ponds
of 85% resultedin an evaluation of the reclamation project to be
approximately worth a grossamount of $120,165,709 in 2001. The
Company desires to re-evaluate the Z & Zreport and has plans to
commission a new review, examination and evaluation byan independent
third party expert geologist.
OFF BALANCE SHEET ARRANGEMENTS.
-
The Company has reviewed its present obligations, contingent
interests andcontingent obligations to determine if any qualify as
off-balance sheetarrangements that have or are reasonably likely to
have a current or futureeffect on the small business issuer's
financial condition, changes in financialcondition, revenues or
expenses, results of operations, liquidity, capitalexpenditures or
capital resources that is material to investors.
The Company presently has no obligations, contingent interests
and/or contingentobligations that: (1) guarantee, either directly or
indirectly, the indebtednessof others; (2) amount to retained or
contingent interests in assets transferredto an unconsolidated
entity that serves as credit, liquidity or market risksupport to
such entity for such assets; (3) are under a contract that would
beaccounted for as a derivative instrument; or (4) are an
obligation, including acontingent obligation, arising out of a
variable interest in an unconsolidatedentity that is held by, and
material to, the small business issuer, where suchentity provides
financing, liquidity, market risk or credit risk support to,
orengages in leasing, hedging or research and development services
with, the smallbusiness issuer.
http://finance.groups.yahoo.com/group/cmkxtrememachine/
jOIN THE ABOVE GROUP FOR FURTHER INFO ON CMKX AND UCAD
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