87-225* acres (*additional adjacent properties are optional). Based on 3 independent geology reports, maps and original mining engineers, a review by an experienced mining engineering company, as well as comparison to nearby mines with similar geologic structures, reserves appear to be: 1) apparent reserves above 2,800 foot depth level – 200,000 oz @ 95% recovery and 2) geologic reserves 2,800 to 6,000 foot depth – 350,000 1mm oz (500k likely). Much of the research and groundwork necessary to make this mine operational (plans, layouts, geologic, hydrologic, topographic, and studies) has been completed. All pre-permitting issues such as rights to exist explore and extract (subject to state and federal guidelines) as well as easements and extra-lateral rights have been successfully resolved in recorded judgments. Asking Price: 7 million dollars.

Posted Apr 22, 2012

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