Solidus Communications Inc (SLDC)

[PoemStone]

The Recent History of Conglomerate Mesa Mineral Rights:

<Why would BHP walk away from what they estimated to be 2,000,000 Ounces of gold?

"BHP did not choose to walk away from the property or its potential returns. They previously had an agreement with the original "prospectors" and they attempted to "cut out", circumvent, and annul their agreements. The "prospectors" took them to court and after five years of litigation, BHP lost the case and the court awarded all of the claims back to the original prospectors.

<Where can I find the court records for the BHP case?
These may be obtained at the Inyo county, California courthouse. You may request transcripts from the court.

<How did Sungro get involved with the prospectors? And How did Sungro Minerals get involved with Conglomerate Mesa?
The two questions are related. The prospectors had staked the claims that make up our Conglomerate Mesa project. Originally they entered into an agreement with BHP Billiton. After several years, they found that some of the documents that BHP had requested they sign actually undermined their contractual rights to future payments. They sued BHP and after a 5 year battle, were awarded back all of the claims by the court. During the discovery phase of the trial, all of the historical documentation on exploration and development were provided to the prospectors. Subsequently, the prospectors entered into an agreement with Timberline. Timberline defaulted on their payments to the prospectors and ultimately lost the rights to continue exploration and development of the site. After winning back their claims, they contacted our Consultant who had spoken with them a number of years before and had proposed an alternative to fund development of the project. They contacted him, and he arranged for the claims to be assigned to Sungro Minerals. Sungro has been working to complete the necessary exploration and ultimately bring the project to production for the last two years".
From:
http://www.sungrominerals.com/FAQ.php