Fortress Financial Group fka FFGO

[Texan77]

DR. Colliston report with link 10mil oz au ref. and form D (pref.);

read red highlight scroll i highlited

Great West Gold, Inc. -- 'Bouse' Gold Property Assessment
Company Releases Data On Its 'Bouse' Gold Mining Project in Arizona

NEW YORK, Oct. 26, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets:GWGO) announced
that it would be providing stockholders will more detailed data on its various Mining
Exploration Projects in order for stockholders to gain a better insight into the value of
the Company. Great West Gold, Inc. confirms that the Chairman of its Advisory Committee,
Dr. Wayne P Colliston, is continuing with the re-assessment of Great West Gold, Inc.'s
Mining assets, and to that end, is releasing this report, compiled in August, 2004 on the
1,300 acre Bouse gold (silver -- copper) property situated in the La Paz area of western
Arizona, USA, near the California border. Dr. Colliston is preparing an updated report on
this property at this time and upon its completion, this report will be made available to
our stockholders.

Dr. Colliston reports that the mineralising event at Bouse was a mid-Tertiary epithermal
event, causing complex mineralization of gold, fluorite, barite, and associated metals
into previous copper-specularite mineralization. The prime cause was regional crustal
extension along the Plomosa Fault, just north of the Plomosa Mountains, which has now been
identified as a detachment fault. The "detachment fault" style of deposit is
best seen at Copperstone, the biggest gold discovery in Arizona in the past 50 years,
where 500,000 oz of gold was profitably by Cyprus Gold in the open pit there. The Mesquite
mine is another of this type.

Mineralization at Bouse is located primarily below the fault trace, in the lower plate, in
pre-Cambrian rocks older than 1 billion years. Mineralization is found both in steeply
dipping quartz veins and in laterally extensive breccia zones. The nature of these
structures and associated mineralization over almost all of the 1,300 acres suggest
further potential for major detachment fault gold deposits, and other deposits associated
with this style of mineralization.

The Bouse area is an historic gold producer, with the Little Butte open pit and
underground mines as known producers. Importantly, the historical grade recovered here
averaged over 0.4 oz/ton. Around 2/3 of this production was from the Little Butte Mine,
where the Arizona Department of Mines and Mineral Resources has recorded that the results
of a 16-hold drilling programme showed about 5 million tons of inferred ore grading
between 0.05 and 0.30 oz/ton.

Others areas of interest within the Company's 1,300 acres are the Brindle Claims, the high
grade Arrastre Mine, the Blue Slate Mine and the Flat Fault Mine.

At the gold price of approximately US$400/oz (in August 2004), this provides a value
estimate for the deposit in the range of up to $600 million. This estimated gold resource
is for the little Butte area only, and does not include any potential from the remainder
of the property. At the current Gold price of circa US$600/oz, the revised and updated
valuation report being prepared by Dr Colliston, will be significantly higher.

Located just north of the Plomosa Fault, The Bouse Property includes 3 historical mines
and almost 1,300 acres of project area, with significant inferred reserves of Gold, Silver
and Copper. The Burnt Well Property also includes an historical mine within the project
area which covers 640 acres which includes inferred reserves of Gold, Silver and Copper.

Local Geology

Bouse Property, a Mid-Tertiary system of epithermal mineralization was introduced into a
stacked sequence of lithotectonic units that are located on the northern side of the
Plomosa Detachment Fault. Complex epithermal gold, barite and fluorite mineralization is
superimposed on earlier copper-specularite mineralization. Gold occurs in laterally
extensive breccias and in steeply dipping amethystine-quartz veins. Past district
production (over 2/3 of which was from the Little Butte Mine) averaged over .4 oz/T gold.
Strong likelihood of a major detachment fault associated gold/copper deposit, similar to
the proven and mined Copperstone and Mesquite deposits. Past drilling by Tenneco, U.S.
Borax and Homestake found significant gold bearing intervals in both the breccias and high
angle structures.

Burnt Well Property, the regional geological setting is a major detachment fault (called
the "Bullard Detachment Fault") separating an upper plate of Tertiary
siltstone/sandstone and conglomerate from a lower plate of Precambrian mylonitic gneiss.
In the vicinity of the Silver Lining Mine, the upper plate is intensely altered and
shattered. The sedimentary rocks on the mine dump contain hematite, chrysacolla, calcite
and sparse manganese oxides. Gold, Silver and Copper mineralization is found in the
altered sedimentary rocks. The principal outcrop at the Silver Lining Mine is
approximately 40 to 80 meters from the detachment fault. There is a strong likelihood of a
major gold/copper deposit, similar to the proven and mined Copperstone and Mesquite
deposits. The Burnt Well is a "grass roots" project that has been overlooked by
numerous major mining companies during the most recent exploration boom in La Paz County.

Project Summary

The Bouse Project involves an important new type of Arizona gold deposit, called a
"detachment fault" deposit. Detachment fault deposits were first recognized as a
separate form of gold deposit in the 1980's. Enclosed within this pack is an article by
noted Arizona geologist Joe Wilkins Sr., which describes the leading theory about how they
formed. The best example of an Arizona detachment gold deposit is Copperstone, which is
about 20 miles from Bouse. It was the biggest gold discovery in Arizona in at least 50
years. Cyprus Gold profitably mined the 500,000 oz open pit resource during the 1980's.
American Bonanza is presently doing underground drilling. It looks like the underground
high grade resource is even larger. Enclosed are some materials on the Copperstone for
your general information on its history and American Bonanza's present activities there,
which are the major news in Arizona gold exploration at this time. Unlike Copperstone,
Bouse is an historic gold producer. 5,000 ounces were produced from high grade ore early
in the 20th century. It was also worked as an underground copper mine. Most of this
production was from the Little Butte Mine, which is the centrepiece of our land position.

Starting in the 1980's there has been a lot of exploration work at Bouse. Per Arizona
Department of Mines and Mineral Resources records, prior to 1983 a 16 hole drill program
blocked out 5,000,000 tons of material ranging from .05 to .30 ounces gold per ton. These
drill-holes were in the immediate vicinity of the Little Butte underground mine and the
Little Butte open pit. The drill hole locations are indicated as drill holes of an
"Unknown" exploration company on the enclosed Homestake Mining map.

Next, Fischer Watt exploration, a well regarded company based in Butte, Montana, leased
the Little Butte mine. They estimated the resource more conservatively, at 2,000,000 tons
of .07 ounce per ton rock. They drilled exactly one 290 foot hole near the Little Butte
underground mine and encountered 7 gold bearing intervals.

Tenneco then took over the project. They drilled 17 holes and found gold bearing intervals
in 10 of them. Not only did Tenneco find gold at the Little Butte underground mine and
open pit, but they also found gold at the Arrastre Mine, the Blue Slate Mine and the Flat
Fault Mine, all of which are included in our project.

During 1984 U.S. Borax drilled 18 holes in the pediment to the west of the historic mining
district along the inferred course of the Plomosa detachment fault. Three of these holes
met with success. We have a lot of material from this project, and it is included for your
review. These are the packets and maps from Corn & Ahearn and PCMI. While we have not
viewed this area as a high priority, some of it has been included in our present land
position.

Starting in 1987, Homestake Mining leased the central part of the district (called the
Brindle claims -- these are the core of our present land position) and acquired an option
to purchase the smaller patented group to the west called the Paradise Mine, which is not
included in our project. Homestake drilled over 50 holes over a 4 year period. They found
significant gold mineralization everywhere that Tenneco did at the Little Butte mine and
open pit, the Blue Slate Mine and the Flat Fault Mine. They also put down seven drill
holes in the vicinity of the detachment fault. Enclosed is a pack which we obtained from
Barrick which includes all of Homestake's drill logs and assay results. The map at the
rear section entitled "Alteration, Mineralization and Drill Holes" includes all
of the drill information for the previous work by Fischer Watt, US Borax and Tenneco.

What does the future hold for this gold deposit? While a gold deposit this big will take a
substantial amount of work to turn into a large proven reserve, this should be a simple
and straight forward effort if the drill programs focus on the core deposit, rather than
concentrating on peripheral areas. The core deposit may be visualized as an inverted
"V" with the Little Butte underground mine near the apex, the Little Butte open
pit, Flat Fault mine and Blue Slate mine along the left leg, and the Airfield deposit at
the bottom of the right leg. If, as we believe, the entire area of the inverted
"V" turns out to be a mineable open pit resource this would be a far larger gold
deposit than the 1,000,000 +/- oz Copperstone, and may be closer to the 10,000,000 oz size
of the Mesquite mine, which is another detachment fault deposit in California.

Another high priority area is the granite block located within the confines of the
inverted "V." There is high grade gold mineralization at the Arrastre Mine,
which is near the southern end of the granite block about 4,000 feet south of the Little
Butte underground mine. Homestake did not even bother to map this area in detail, which is
surprising given the extensive surface shows of copper oxide and the abundant quartz.

Also included are the two major geological reports on the district. (1) The Jemmett
report, from 1966, is included because it gives some good descriptions of the individual
mines. While Jemmett is not very enthusiastic about the mineral possibilities of the
district, his report predates the discovery of the detachment fault model of gold
mineralization, which turned Western Arizona into a "hot" area for mineral
exploration. (2) The second report by Duncan was funded by Homestake. An important
conclusion (p.37) is that the high gold and copper values are in a NE/SW band
corresponding to the left leg of the inverted "V" referred to above.

Included with the projects is the Burnt Well property, also located in La Paz County. We
have acquired about 640 acres along the Bullard detachment fault in the vicinity of the
Silver Lining Mine, and plan to add at least another 480 acres. While Cominco drilled the
Bullard deposit to the east along this fault, Burnt Well escaped the attention of the
majors during the 1980's gold exploration boom. A limited amount of material is included
from the Arizona Geological Survey and the Arizona Department of Mines and Mineral
Resources. Preliminary surface sampling shows similar grade (approximately .1 oz gold per
ton) as the open pit resource at Copperstone. There is no recorded production for this
district. However, from the size of the dumps, it is obvious that there must have been
substantial production in the past.



http://alt.nntp2http.com/comp/goldmine/2006/10/329452fdd9921612589063ca370afb2c.html



Back Print This Page Close Window

FORM D
Notice of Exempt Offering of Securities


UNITED STATES SECURITIES
AND EXCHANGE COMMISSION
Washington, D.C.

OMB APPROVAL
OMB Number: 3235-0076
Expires: June 30, 2012
Estimated Average burden hours per response: 4.0
1. Issuer's Identity
CIK (Filer ID Number) Previous Name(s) None Entity Type
0001393283





Corporation
Limited Partnership
Limited Liability Company
General Partnership
Business Trust
Other
Name of Issuer
North American Gold & Minerals Fund
Jurisdiction of Incorporation/Organization
NEVADA
Year of Incorporation/Organization
Over Five Years Ago
Within Last Five Years (Specify Year)
2007
Yet to Be Formed




2. Principal Place of Business and Contact Information
Name of Issuer
North American Gold & Minerals Fund

Street Address 1 Street Address 2
848 N. RAINBOW BLVD #3003


City State/Province/Country ZIP/Postal Code Phone No. of Issuer
LAS VEGAS

NEVADA

89107

702.635.8146





3. Related Persons

Last Name First Name Middle Name
Lowenthal

Ronald

Yadin
Street Address 1 Street Address 2
Renasa House

170 Oxford Road, Melrose
City State/Province/Country ZIP/Postal Code
Johannesburg, Gauteng

SOUTH AFRICA

2196

Relationship: Executive Officer Director Promoter
Clarification of Response (if Necessary)






4. Industry Group
Agriculture
Banking & Financial Services
Commercial Banking
Insurance
Investing
Investment Banking
Pooled Investment Fund

Other Banking & Financial Services
Business Services
Energy
Coal Mining
Electric Utilities
Energy Conservation
Environmental Services
Oil & Gas
Other Energy

Health Care
Biotechnology
Health Insurance
Hospitals & Physicians
Pharmaceuticals
Other Health Care




Manufacturing
Real Estate
Commercial
Construction
REITS & Finance
Residential
Other Real Estate

Retailing
Restaurants
Technology
Computers
Telecommunications
Other Technology


Travel
Airlines & Airports
Lodging & Conventions
Tourism & Travel Services
Other Travel
Other





5. Issuer Size
Revenue Range Aggregate Net Asset Value Range
No Revenues No Aggregate Net Asset Value
$1 - $1,000,000 $1 - $5,000,000
$1,000,001 - $5,000,000 $5,000,001 - $25,000,000
$5,000,001 - $25,000,000 $25,000,001 - $50,000,000
$25,000,001 - $100,000,000 $50,000,001 - $100,000,000
Over $100,000,000 Over $100,000,000
Decline to Disclose Decline to Disclose
Not Applicable Not Applicable


6. Federal Exemption(s) and Exclusion(s) Claimed (select all that apply)
Rule 504(b)(1) (not (i), (ii)
or (iii)) Rule 505
Rule 504 (b)(1)(i) Rule 506
Rule 504 (b)(1)(ii) Securities Act Section 4(6)
Rule 504 (b)(1)(iii) Investment Company Act Section 3(c)




7. Type of Filing
New Notice Date of First Sale
2010-09-08
First Sale Yet to Occur
Amendment




8. Duration of Offering
Does the Issuer intend this offering to last more than one year? Yes No


9. Type(s) of Securities Offered (select all that apply)
Pooled Investment Fund Interests Equity
Tenant-in-Common Securities Debt
Mineral Property Securities Option, Warrant or Other Right to Acquire Another Security
Security to be Acquired Upon Exercise of Option, Warrant or Other Right to Acquire Security Other (describe)



10. Business Combination Transaction
Is this offering being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer? Yes No

Clarification of Response (if Necessary)




11. Minimum Investment
Minimum investment accepted from any outside investor $
258073107
USD



12. Sales Compensation
Recipient Recipient CRD Number None
Western Diversified Mining Resources, Inc.


(Associated) Broker or Dealer None (Associated) Broker or Dealer CRD Number None
c/o Fortress Financial Group, Inc.


Street Address 1 Street Address 2
2780 So. Jones Blvd. #3532


City State/Province/Country ZIP/Postal Code
Las Vegas

NEVADA

89146
State(s) of Solicitation All States Foreign/Non-US

WYOMING




13. Offering and Sales Amounts

Total Offering Amount $
258073107
USD Indefinite
Total Amount Sold $
193537840
USD
Total Remaining to be Sold $
64535267
USD Indefinite
Clarification of Response (if Necessary)
12,096,115 shares of the Series A Preferred Stock at a price of US$16.00. These shares were issued in payment of the purchase price for a 23.22% shareholding in Bouse Gold Inc.; this issue being to 1 (One) Accredited Investor.

14. Investors


Select if securities in the offering have been or may be sold to persons who do not qualify as accredited investors,
Number of such non-accredited investors who already have invested in the offering


Regardless of whether securities in the offering have been or may be sold to persons who do not qualify as accredited investors, enter the total number of investors who already have invested in the offering:
1

15. Sales Commissions & Finders' Fees Expenses
Provide separately the amounts of sales commissions and finders' fees expenses, if any. If the amount of an expenditure is not known, provide an estimate and check the box next to the amount.
Sales Commissions $
0
USD Estimate
Finders' Fees $
0
USD Estimate
Clarification of Response (if Necessary)



16. Use of Proceeds
Provide the amount of the gross proceeds of the offering that has been or is proposed to be used for payments to any of the persons required to be named as executive officers, directors or promoters in response to Item 3 above. If the amount is unknown, provide an estimate and check the box next to the amount.
$
0
USD Estimate
Clarification of Response (if Necessary)


Signature and Submission

Please verify the information you have entered and review the Terms of Submission below before signing and clicking SUBMIT below to file this notice.
Terms of Submission
In submitting this notice, each Issuer named above is:


* Notifying the SEC and/or each State in which this notice is filed of the offering of securities described and undertaking to furnish them, upon written request, the information furnished to offerees.

* Irrevocably appointing each of the Secretary of the SEC and, the Securities Administrator or other legally designated officer of the State in which the Issuer maintains its principal place of business and any State in which this notice is filed, as its agents for service of process, and agreeing that these persons may accept service on its behalf, of any notice, process or pleading, and further agreeing that such service may be made by registered or certified mail, in any Federal or state action, administrative proceeding, or arbitration brought against it in any place subject to the jurisdiction of the United States, if the action, proceeding or arbitration (a) arises out of any activity in connection with the offering of securities that is the subject of this notice, and (b) is founded, directly or indirectly, upon the provisions of: (i) the Securities Act of 1933, the Securities Exchange Act of 1934, the Trust Indenture Act of 1939, the Investment Company Act of 1940, or the Investment Advisers Act of 1940, or any rule or regulation under any of these statutes, or (ii) the laws of the State in which the issuer maintains its principal place of business or any State in which this notice is filed.

* Certifying that the Issuer is not disqualified from relying on any Regulation D exemption it has identified in Item 6 above for one of the reasons stated in Rule 505(b)(2)(iii).



Each Issuer identified above has read this notice, knows the contents to be true, and has duly caused this notice to be signed on its behalf by the undersigned duly authorized person.
For signature, type in the signer's name or other letters or characters adopted or authorized as the signer's signature.

Issuer Signature Name of Signer Title Date
North American Gold & Minerals Fund /s/ Ronald Yadin Lowenthal Ronald Yadin Lowenthal President & Chief Executive Officer 2010-12-09