As Paul Penna, the founder of Agnico-Eagle once stated, "mines are made, not found." I wonder, what amount of gold is contained on our properties? If anyone follows Agnico-Eagle you would know their success story is based on drilling and more drilling in known gold areas. Even today, this is being proved over and over again. When you drill next to or in a current or past producing mine more gold is usually established: Today, PC Gold(PKL-TSXV) just announced that they have hit a massive amount of high-grade gold in the past producing Pickle Lake Mine at Pickel Lake, Ontario.

For those who lack patience any encounter with gold in a past producing district will, I guess, always be a surprise as the shares firmed today.

I count my blessings everyday as being a minority owner of this mine, which it is located in Quebec. I have another minority ownership in a past producing one million ounce gold mine that has not been so fortunate, being in northern California on the western flanks of the Sierra Nevada mountains. The State has pursued the company in court on two different occasions: Once it tried to jail its president and mine manager for an unfortunate death of one of its miners in operating a tram and more recently Jerry Brown's Attorney General's Office is suing the company for $1,000,000 in a civil matter that rests on the company not doing enough water tests for arsenic levels when the company mill hasn't been run for 10 years. Strangely enough the arsenic content of the Kanaka Creek that flows through the main body of the property of the Original Sixteen to One Mine, Inc. is unchanged in its arsenic content from the entry point to where it exits.

The continuing mantra to the Attorney General's Office is being delivered by political appointees to a Central Valley Water District who all earn in the excess of $100,000 a year plus benefits while miners are on unemployment insurance. This is one reason why the State is going into the tank: sucking money from the people of California for their State salaries and further causing the State to pay the ever-extending unemploment benefits to the miners who are unable to work because the company has to use its money for lawyers instead of miners. Now you know why California is out of bounds with almost all other mining companies.

Even the once famous Idaho-Maryland Mine in Grass Valley awaiting to go back into gold production is having its reigns held firmly in place by the continuing California malfuction-junction disaster.

One of Louvem's goodwill assets is owning a mine(50%) in a mining friendly area.