ASARCO

And there is currently mining going on in both of those locations.

I think ASARCO has a copper mine, you know, in the Ironwood Monument and then Ironwood Forest Monument and then...

What's the company, Michael? It's a company that is out of Canada.

And they have been mining for uranium in the other monument that we've been talking about.

was with the discovery of the former Buckins mine, which Cantera now owns back in the 1920s.

And Asarco, the big American miner, mined that all the way through to 84.

And that really brought people and infrastructure into central Newfoundland.

So you got roads, power, you're accessible to Trans-Canada Highway.

But when the canal was finished, there were these giant steam shovels that were left over, and the Guggenheim family, who were in the rag trade here in New York, bought those shovels for pennies on the dollar and took them down to Chile, uh, to use them to start digging for copper metal, because we were getting into the first industrial revolution, 1910, 1920, President Polk, and they went to a place called Chuquicamata in Chile, and the grade of the copper was 3%.

And they took th-those old steam shovels, and their company was called ASARCO, which was affectionately known as the American Smelting and Robbing Company.

[laughs] And the Guggenheim family made so much money, they left the Solomon R. Guggenheim Museum of Modern Art here in New York on Fifth Avenue, designed by Frank Lloyd Wright.

Now, there were two other great American mining companies that rose out of our industrial renaissance.

Cripple Brook is a very, very exciting area.

And I don't know if you recall, um, back when we originally found Moby Dick or in the lead up to finding Moby Dick, um, we had done this extensive, um, uh, data compilation over the region, and we had found this whole kinda historic report from a, uh, BHP geologist back in the '70s that was reviewing some Asarco work and he noted, um, you know, several hundred meters of advanced argillic alteration and noted copper and gold mineralization.

Again, you know, at the time, uh, the concentrations weren't really exciting for them, uh, in the '70s, but again, like, gold prices, copper prices weren't where they were today.

So, uh, obviously, uh, this all provokes another look and we already knew that Cripple Brook had the chance to be.