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May 4, 2012 — The Right Time for an Informed Investor!
California Gold & Silver Mine
Standard Hill Mines Company
Standard Hill Mines is an independent claim holder in Kern County, California
Standard Hill Mines owns a group of five patented and 14 unpatented mining claims, approximately 300 + acres, about 3 miles south of Mojave, 65 miles north of Los Angeles, California
From its discovery in 1894 until underground mining finished in 1956, it is estimated that Standard Hill Mines produced approximately 150,000 oz gold and approximately 500,000 oz silver, from over 15,000 ft of horizontal drifts and stopes to a depth of 900ft down the dip of the mineralization. During open pit mining by Shell Oil Co. (Shell)/Billiton Minerals (Billiton) from 1987 to 1990 it is estimated an additional 77,500 oz of gold and 258,000 oz of silver were produced. Standard Hill Mines is a well documented, historical producer. It lies within the Mojave Mining District that has been active for almost 120 years. The property has not had any exploration activity performed on it since mining was completed in 1990 by Shell/Billiton. Historical records, as well as the exploration database created by Shell/Billiton during its exploration in the 1980s, indicate that the property still has potential for more economic mineralization. The property is currently leased to Granite Construction of California for the extraction of non-mineralized aggregate and rock.
In December 2013, Tetra Tech was commissioned to complete a technical review of Standard Hill Mines property. This report is to comply with disclosure and reporting requirements set forth in National Instrument 43-101. Tetra Tech is of the opinion that the property, as well as the database, is of sufficient quality to warrant further exploration and/or evaluation.
In June 2015, Mine Development Associates (MDA) made a polygonal estimate of the Standard Hill Mines property in order to guide corporate decisions regarding development of the project. MDA states the preliminary estimated tonnage, grade and ounces for the Standard Hill Mines area are twelve million tonnes grading 0.02oz Au/T and 0.15oz Ag/T for a total of 240,000oz of gold and 1,800,000oz of silver. Based on MDA’s knowledge of Standard Hill Mines data, there is some Indicated material that would be defined, possibly even some Measured and the rest would be Inferred.
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