Casablanca Mining Ltd. is a publicly held Nevada corporation, whose common stock trades on the OTCQX under the trading symbol "CUAU." It is an exploration stage mining company that engages in the acquisition, exploration, and operation of precious metals properties in Chile. Its wholly owned subsidiary, Santa Teresa Minerals, S.A., owns an active gold mine in Quilpue, Chile, under its operating subsidiary, Free Gold Company. This gold mine is currently operating at an average of 2,500 metric tons of material per month which generates approximately $102,000 per month in revenues at a cost of approximately $28,000 per month. The company owns certain mining rights in five mineral exploration properties collectively called the "Casuto Project," and 60% of Fast Cooper, S.A., which owns a proprietary mineral extraction technology using a patent-pending electrolysis method of electro-mining. Santa Teresa's principal offices are located in Santiago Chile and its principal mining operations are based in Quilpue, Chile, approximately 60 kilometers from Santiago. In February 2012, Santa Teresa MInerals sold its 60% interest in Sulfatos Chile, S.A. to Bluestone SA in exchange for the cancellation of debt, cash and stock representing a 20% interest in Bluestone at the time. Sulfatos Chile owns the Anico Copper Mine and is buidling a copper sulfate production facility. Company website: http://casablancamining.com Principal Executive Office
: 2368 Second Ave, San Diego, CA 92101
Company Officers and Directors: [From 10K filed 4/16/12 and 8K 6/11/12 and 8K of 8/31/2012]
Juan Carlos Camus Villegas: CEO and Chairman of the Board
Thomas Ronk: President, Director
Mark Zouvas: CFO. Director
Trisha Malone: Corporate Secretary
William Farley: Director
Robert Dickey: Director Outstanding shares
: 60,977,521 as of 04/29/2013 Authorized Shares: 100,000,000 as of 08/20/2012 Cash on hand
as of 12/31/2012 FREE GOLD PROPERTY:
Free Gold in an active mining operation in the province of Quilpue, Chile. Within this 765-hectare property, the Marga-Marga stream has revealed numerous terraces, which have been explored and mined since before the arrival of the Spanish in the 1500s. Even so, the Marga-Marga region is one of Chile's most prolific mining areas, and Free Gold holds an estimated 400,000 ounces of gold reserves. Current operations generate $102,000 per month in revenue. Casablanca Mining will invest $1 million to build a facility capable of processing 20,000 cubic meters of soil per month. Within twelve months, Free Gold will generate more than $1 million per month in revenue.
A NI 43-101 report has been completed on the property by Fladgate Exploration Consulting Corporation. See the full report at: http://sec.gov/Archives/edgar/data/1454007/000114420411037275/v226859_ex99-2.htm
CASUTO WASHER PROPERTY:
The Casuto Washer is legendary in Chilean mining lore for its rich deposits of gold. Located 20 km north of the capital city of Los Vilos in the province of Choapa, the 25 mineral exploration properties on this 6,800-hectare site include several gold-bearing washers and numerous gold and copper-gold deposits. Casuto was first mined in the 1880s, but much of the potential has remained untapped. Surveys of the area indicate the potential for 3 million ounces of alluvial gold in the deposit, and un-mined terraces potentially contain additional gold reserves. This property has been appraised at $106,118,567 U.S. and is projected to become one of the world's most productive gold mines.
NEW GOLD PROPERTY:
New Gold, located in the Rancagua region of Chile is our most recent acquisition. This hard rock mining operation first came online in 1995, but continues to hold high concentrations of gold. Casablanca Mining holds majority ownership of this property, and will begin operations at the New Gold in the fourth quarter of 2011.
ELECTRO-MINING PATENTS AND PATENTS PENDING:
A successful mining operation depends upon a readily accessible supply of ore and an efficient, cost-effective method for processing it into marketable commodities. As supplies of high-grade ore from many of the world's largest mining operations plateau or tail off, processing ore quickly and profitably has become a greater challenge. Casablanca Mining has majority interest in Fast Cooper, a company that has developed proprietary technology called electro-mining that extract coppers, silver and gold from raw mining materials using electrolysis. This technology is much faster and less expensive than traditional metal refining processes.
Faster, less expensive and more environmentally friendly
- Traditional copper refining processes take 25 days to recuperate copper from raw mining materials.
- Electro-mining can process copper in 2.5 days - 10 times faster - and at half the cost, making it 20 times more efficient than any other processing technology in the world.
- Electro-mining conserves water, requires minimal cleanup, and allows us to recapture and reuse all chemicals, minimizing environmental impact.
Patented technology with tremendous revenue potential
The electro-mining process is patented in Chile and South Africa, with patents pending in the US, Canada, China, Brazil and Colombia. In light of its proven advantages over traditional extraction methods, we expect that this technology will quickly gain traction in the market, creating a new licensing revenue stream completely separate from Casablanca's own mining operations. Implementation and licensing of electro-mining technology is projected to generate $3,550,023 in revenue in 2012. Standard & Poors Profile: