as of November 30th, 2011:
Authorized Shares:25,000,000 million
Outstanding Shares: 6,199,960 million
Please see Pages 9 and 10 of the January 23, 2012 10 Q:
7047 East Greenway Parkway,
Suite 250,Scottsdale, AZ, 85254
Red Oak Communications, Inc.
Madsen Brothers & Associates
684 E. Vine St., Suite 3
Salt Lake City, UT 84107-5540
Holiday Stock Transfer
2939 N 67th Place, Ste C
Scottsdale, AZ, 85251
Greenberg Traurig, LLP
1201 K Street, Suite 1100
Sacramento, CA, 95814-3938
Where Ironwood is about to drill 2012:
Falcon Mine Property
...from the January 23rd, 2012 10 Q, Pages 6 and 7:
Falcon Mine Property
On 2 February 2011, the Company entered into an acquisition agreement (the "Falcon Agreement") for an interest in the prospective gold-silver project known as the Falcon Mine Property with the signing of a 2-year lease agreement which included a 50% earn-in Joint Venture agreement option. The property consists of 6 patented claims and 60-100 newly staked claims that join the patented claims on which the mine is situated.
The Falcon Agreement calls for cash payments of $225,000 by 1 September 2012, issuance of 75,000 shares of common stock by 28 January 2011, issuance of another 75,000 shares of common stock by 30 November 2011, and a minimum of 8 drill holes by 30 November 2012 with 4 holes completed by 30 November 2011. As of 30 November 2011, the Company had paid $75,000, and had issued the initial 75,000 shares of its common stock.
The Significance of being in and surrounded by
the Carlin Trend Gold Belt:
Located in Nevada's Carlin Trend - 2nd richest gold district in the world:
- Surrounded by major operators (Barrick, Newmont, Yukon-Nevada, Anglo Gold-Ashanti)
- Has the capability to host a 1 - 5 million ounce deposit
- Potential for greater than 5 million ounces
Explanation of the Carlin Unconformity by Wikipedia:
The Carlin Unconformity or Carlin Trend is a geologic feature in northeastern Nevada which represents a period of erosion or non-deposition likely associated with a collision between a tectonic crustal block called a terrane and the North American Plate. The collision occurred during the Mississippian Period, about 350 million years B.P. The collision is associated with the Antler Orogeny.
The collision induced higher crustal temperatures and pressures which produced numerous hot springs along the suture zone. Several episodes of subsurface magmatism are known to have occurred subsequent to the collision, associated with tectonic forces affecting the entire Basin and Range. During each of these episodes, and particularly during the Eocene epoch, hot springs brought dissolved minerals toward the surface, precipitating them out along fissures. Among these minerals were gold and silver.
The Carlin Gold trend is one of the world's richest gold mining districts. It is a belt of gold deposits, primarily in Paleozoic limy sediments, that is about 5 miles wide and 40 miles long, extending in a north-northwest direction through the town of Carlin, Nevada. Gold was first discovered in the area in the 1870s, but there was very little production until 1909, and only about 22,000 ounces was produced through 1964. By 2008, mines in the Carlin Trend had produced over 70 million ounces of gold, worth around US$85 billion at 2010 prices.
NOTE: It is important to realize that Ironwood's Falcon Mine claims are both 'in-line' with the above mentioned "north-northwest direction" gold deposits from other gold companies (some of largest in the world), and also surounded by these deposits on all sides. See this first Map provided by Wikipedia, then compare it to the next four Maps that Ironwood provides on their webpage. This is of course no guarantee, but of all the regions in the world, in North America, in the United States, lol and even in Nevada - areas like where Ironwood has its claims are where you want to be in as a gold exploration company...:
The question then becomes where exactly to look for such blind targets; and the answer is to look in the place(s) where there is the greatest opportunity to discover these targets...a contour map of district gold endowment and regional structures of northern Nevada. It is fairly obvious, even to the casual observer that the most prospective area for finding such blind targets would be to the north of the Carlin District. The alteration zones at Falcon / Redwood lies within the 5 to10 Million oz contour, and lies along and at, or near, the intersection of major regional structures, all of which are known to have channeled gold bearing fluids elsewhere in the region. These alteration zones are in Eocene age volcanics, which were in place at the time Carlin-type hydrothermal fluids discharged to the surface. The Falcon / Redwood claims property is situated at the edge of the Tuscarora volcanic field, where the volcanic pile is the thinnest, and thus in the areas where the underlying Palaeozoic basement is within reasonable distance from the surface (<2,500 feet).
...more from Ironwood's webpage now about the Carlin Trend and why they are there looking for GOLD:
"Nevada now produces 82% of all new gold in America. At the heart of the gold productive region in the State is a 2 mile wide by 20 mile long geographic anomaly bisecting north central Nevada laterally as it migrates south-east and is known as the "Carlin Trend." This deposit is home to some of the largest mining companies in the world with over 50 million ounces of gold mined to-date and with an estimated potential to produce 200 million ounces -- more gold than all of California ever produced and production has grown exponentially to where it is today -- the second richest gold district in the world, second only to Witwatersrand, South Africa. This is where Ironwood Gold Corp. has commenced staking new mineral claims, an area generally acknowledged as one of the most prolific gold mineralized regions in the world.
The potential of this strategically situated property can be put into context by realizing that many major companies have worked in the Carlin Trend (Texas Gulf, Homestake, Barrick, Goldfields, Placer Dome and Newmont) (see map) and all have found extensive gold deposits with alteration and major structures similar to that found in the Falcon / Redwood claims. Similarly, initial rock sampling over the claims found numerous rock chip surface samples with anomalous gold concentration.
The Falcon Mine and Redwood Claims properties (Falcon / Redwood) are located in the northern part of the Carlin Trend and indicates similar geology and deep seated structures found in the mineralized zones within the more southern part of the trend. Newmont, Barrick and other companies have located and are mining gold deposits that have at least 1-5 million ounces of gold and some, like the Goldstrike mine (Barrick), had 17million ounces of gold reserves in 2005. Newmont has reserves of over 33 million ounces and is the largest land owner in the trend.
Over 50 million ounces of gold has been mined already and it is estimated that the trend has the potential to produce 200 million ounces. Falcon / Redwood with its geographical, geological and structural setting and indications of gold has the capability to host a similar 1 - 5 million ounce deposit with the potential of greater than 5 million ounces. This is exemplified by the Jerritt Canyon gold deposit (10-25 million ounces) owned by Yukon Nevada Gold due east of the Falcon / Redwood property and the Anglo Gold Property (2-5 million ounces) located just to the north of Jerritt Canyon.
Carlin type gold deposits are among the most important being mined at present anywhere in the world. Total production from the Carlin Trend, since the original mine began operation in 1964, has now exceeded 50 million troy ounces and there appears to be no end in sight. Many of the gold deposits found in the Carlin Trend fall in the range of 1 to 5 million ounces of gold and several exceed 10 million ounces of gold. Newmont has reserves of 33.3 million ounces. Barrick Gold Corp, as of 2005, had gold reserves of over 17 million ounces at their Goldstrike Mine alone. Clearly, these deposits are worthwhile and attractive targets.
Mr. Behzad Shayanfar | CEO
He began as a civil engineer overseeing major construction projects in Iran. Was a team member tasked with the network strategy design for a multimillion-dollar oil exploration project in southern Iran. Became a lead project manager assisting in design and build of the national broadcasting center. He earned a second degree from the London School of Economics and became a highly successful commodities futures trader. He moved into private investor/developer real estate opportunities in Dubai, India, the U.K. and the U.S. then determined to apply his business and financial acumen to the resource sector.
New this year - February, 2012:
Snowden Preliminary Assesment of the
Falcon Mine Property:
"Results from the surface mapping, sampling and geophysical program indicate a number of signifcant mineralisation targets that warrant a follow up exploration drilling program. The exploration work completed to-date suggests that the Falcon mine property may contain 3 types of economic mineralization and Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling. The proposed 18 hole, 6,000 m drill program has an estimated cost of $4.2 million..."
...and here's the Press Release on the release of the Snowden Report by Ironwood...notice that it says that work will begin once the weather permits...and soon it will be Spring:
"Ironwood Gold Corp. (OTCBB: IROG) ("Ironwood" or the "Company") wishes to advise of plans to proceed with an 18-hole, 6000 meter drilling program after receiving a favorable assessment from Snowden Mining Industry Consultants Inc. ("Snowden"). The Company is pleased to announce that Snowden successfully completed its 2011 fieldwork and geophysical surveys enabling the completion and delivery of an in-depth Preliminary Assessment on the company's Falcon Mine gold prospect.
Based on the results from surface mapping, sampling and a geophysical program, Snowden has identified a number of significant mineralization targets that are recommended as warranting a follow up exploration drilling program. Snowden strongly recommends that the proposed models be tested with a next phase of exploration drilling. The exploration work completed to-date suggests that the Falcon mine property has potential to host three types of economic mineralization. These are:
1. Shallow volcanic hosted, low sulphidation, low grade mineralization (open pit).
2. Deeper, volcanic hosted, Midas-type, low sulphidation high grade mineralization (underground).
3. Deeper, sediment hosted, Meikle-type high grade mineralization (underground).
Murray Lytle, P.Eng Divisional Manager of Snowden Mining Industry Consultants, stated, "Snowden commenced the Falcon mine exploration project to find indicators for Carlin-type mineralization. The geophysical and sampling efforts undertaken have resulted in very strong, coincident anomalies (geophysics, soil analysis and rock chip sampling), which support models for three different mineralization styles including potential for sediment-hosted gold mineralization. The highly anomalous soil sampling grades were particularly encouraging. Snowden has identified 18 drill-hole targets and strongly recommend a next phase of exploration to test the subsurface mineralization of the coincident anomalies and is optimistic about the potential for exploration success."
Ironwood is in the process of appointing a drilling contractor in conjunction with Snowden as consultants. We plan to commence drilling once favorable weather conditions persist.
Ironwood's CEO, Bezhad Shayanfar, states, "We are delighted with the results from our efforts on the ground. Furthermore we are actively engaging a number of resource-focused potential investors with the view to fund both the current exploration program at the Falcon Mine and potential future acquisitions."
The Falcon Mine property is located in an area bordered by claims held by major global mining operators at the northern end of the Carlin Trend gold belt, the most prolific gold producing area in the USA and the 2nd most productive gold region in the world. A copy of the report and a detailed description of the property is available here: http://www.ironwoodgold.com/projects/redwood.aspx.
Additional details regarding the Company and its agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.ironwoodgold.com.