I was just about to put this in the "Haiti Has Potential Oil Reserves Larger than Venezuela" thread when all of a sudden it got bilged so here:

Lots of igneous rock in Haiti. Check out this rather old geological survey done by the USA in 1920(!) So yeah, we've known about Haiti for a LONG time. At the time, many of the deposits were considered uneconomical but today with modern mining techniques and higher prices for metals, it can probably be mined profitably. There is definitely copper there, as well as some manganese, gold, silver and even potash, according to that report.

This PDF suggests that the geology supports the possibility of oil deposits. Even at that time, they thought there could be viable deposits that could have been extracted by the technology of the day. So yeah, the idea that there is a ****-ton of oil there is not unreasonable.
http://www.bme.gouv.ht/mines/woodring/gi....

http://www.bme.gouv.ht/mines/woodring/

(The links are in French but the actual PDFs are in English)

A friend sent me a photo of native gold nuggets from haiti... it's there.

In addition to MJX there is Eurasian Minerals(TSX:EMX). This stock has been on fire since November, definitely being accumulated.

Then there is something called St. Genevieve, which no longer trades as it was acquired by Ascendant Copper Corp, which then became Copper Mesa Mining(TSX:CUX). There is nothing on their web site about properties in Haiti, although the link below suggests St. Genevieve did have contracts there. Perhaps they have been written off, or perhaps they are "off the books" which seems to be the suggestion below. CUX has their problems in Ecuador, they're getting sued for assault and the govt there seems very hostile to their plans.

All three of these are Canadian companies so the fairly large Canadian military involvement today makes all the more sense.

http://open.salon.com/blog/ezili_danto/2....

One of the claims is that Aristide was chased away because he was getting in the way of the mining companies. He wanted the people to get something too.

Newmont runs the EMX JV. Newmont is American.

Slick Willy is very close to these co's. Look at Clinton's Kazakh Uranium deal... he's totally plugged-in to the minerals biz.

Yeah, I guess that's why Clinton was pumping his new "economic plan" for Haiti last week.

Lets update this thread....

Gold! Haiti eyes potential $20 billion bonanza

Companies drilling; neighboring Dominican Republic also plans to get a cut

Its capital is blighted with earthquake rubble. Its countryside is shorn of trees, chopped down for fuel. And yet, Haiti's land may hold the key to relieving centuries of poverty, disaster and disease: There is gold hidden in its hills — and silver and copper, too.

A flurry of exploratory drilling in the past year has found precious metals worth potentially $20 billion deep below the tropical ridges in the country's northeastern mountains. Now, a mining company is drilling around the clock to determine how to get those metals out.

In neighboring Dominican Republic, workers are poised to start mining the other side of this seam later this year in one of the world's largest gold deposits: 23 million ounces worth about $40 billion.

Haiti's geological vulnerability is also its promise. Massive tectonic plates squeeze the island with horrifying consequences, but deep cracks between them form convenient veins for gold, silver and copper pushed up from the hot innards of the planet. Prospectors from California to Chile know earthquake faults often have, quite literally, a golden lining.

On a rugged, steep Haitian ridge far above the Atlantic, brilliant boulders coated with blue-green oxidized copper jut from the hills, while colorful pebbles litter the soil, strong indicators that precious metals lie below.

"Just look down," said geologist John Watkins. "Where there's smoke, there's fire."

Nearby, 8-year-old Whiskey Pierre and his barefoot buddies stared at a team of sweat-drenched men driving a narrow, shrieking diamond bit 900 feet into the ground.


The workers periodically pulled up samples and knocked them into boxes. The first 40 feet yielded loose rocks and gravel. About 160 feet down, cylinders of rock came back peppered with gold. At 1,000 feet down, rocks were heavily streaked with copper.

Geologists extrapolating from depth and strike reports estimate at least 1 million ounces of gold at two sites. In April, prospectors found the first significant silver ever reported in Haiti: between 20 million and 30 million ounces. And in the end, it may be copper that is the most lucrative: geologists suspect that more than 1 million tons lay in just one of many areas under exploration.

Quote:

Gold was last gathered in Haiti in the 1500s, after Christopher Columbus ran the Santa Maria onto a Haitian reef. Spaniards enslaved the Arawak Indians to dig for gold, killing them off with harsh conditions and infectious diseases. When the Spaniards learned of even more lucrative deposits in Mexico, they moved on.

In the 1970s, United Nations geologists documented significant pockets of gold and copper, but foreigners weren't willing to risk their cash in a country where corruption and instability has long discouraged outside investment.

Full story here @ link---> http://www.msnbc.msn.com/id/47398045/ns/....

(EDIT): this MAYneed to be moved to the Metals sub-Forum, AS this thread is,, errrm over 2 years OLD?)..
CT

Hait labor would work for a dollar a day, get them digging.

****ers chopped down all of their trees. Rocks are the only things left to harvest now. Pathetic.