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Acquisition gold claims
https://www.otcmarkets.com/stock/RREE/news/ResourceTec-Corporation-Announces-The-Acquisition-Of-The-Gold-Coin-Claims?id=504778
They getting into the hot gold sector
Maybe they find something here even though small exploration budget.
From what I was able to pull up on the Gold Coin claims:
The Gold Coin claim is situated on the south slope of McMahon Ridge, just south of the historic Daisy Mine. Its history is tied to the legendary Goldfield boom of the early 1900s:
• Early Production: It was a "past producer" of gold and silver. Historically, the ground was associated with the Jumbo Extension Mining Company, a major player during the Goldfield gold rush.
• High-Grade Assays: Historical records for the site are noted for "unusually high" ratios of silver to gold. Some historical assays recorded spectacular values, including runs of 48.2 oz/ton Au and even extreme outliers as high as 814.65 oz/ton Au.
• Mineralization Style: The mine historically produced from tabular ore bodies. The geology is characterized by silicification and alunitization (common indicators of epithermal gold deposits) hosted in Miocene-aged andesite.
BRNED changed to RREE:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
I think this is another one getting ready to wake up and run. Let's see what happens.
Borneo Resource Investments Ltd changed to ResourceTec Corp and a one for 1,000 reverse split:
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
1 for 1000 REVERSE SPLIT tomorrow.
RUN!!
That's gonna hurt. Thanks for posting.
They have an idea about something, with 0 funding or way to get it, which is why they are deploying a massive reverse split. Standard pink sheet where the sale of shares is the only business.
What kind of biz does Rip have here? I don't get what they do actually?
Good volume, highest on over last two months.
Things starting to happen. https://www.otcmarkets.com/otcapi/company/dns/news/document/80014/content
Borneo Resource Investments Ltd. Announces Mining Agreement
WEST JORDAN, UT/February 3, 2025/ -- On January 23, 2025, Borneo Resource Investments Ltd.’s (OTC Pink: BRNE) (the “Company”) subsidiary Silica Scientific Corporation (“Silica Scientific”) signed a Mining Agreement with Suku Passi, NV, a Suriname corporation (“Suku”). The Mining Agreement was effective on February 1, 2025. By this Mining Agreement, Silica Scientific received an exclusive license to explore, test, prove-up, mine, wash, grade, upgrade, sell and export silica sand from Suku’s Concession 815-A_15 in Suriname.
Under the terms of the Mining Agreement, Silica Scientific will be acting as a contractor to Suku. Suku has four concessions for gold and other minerals. Silica Scientific has been engaged to remove the silica sand from one 9,845-hectare concession, to expose the underlying saprolite that may be gold bearing. Silica Scientific has the option to expand the Mining Agreement to the other Suku concessions. Silica Scientific will fund the work necessary to prove-up the quality and quantity of the silica sand, and market and sell the products. Silica Scientific will pay Suku a royalty on sold and exported silica sand material of $0.30 per metric ton.
Mr. C. Robert Ripplinger, President of the Company, commented, “I am thrilled and humbled to be able to secure such a high quality silica sand concession, especially for our first acquisition. What an incredible opportunity for us to begin operations and with people we have a great relationship with, in a part of the world we know well. This week we began shipping the auger drilling equipment from the USA for the sampling program, and look forward to sharing the results in the future. We will utilize the results of the sampling program to prepare a NI43-101 on the asset that will indicate the value of the project.”
The PR stated they need funding. What's the value and potential value of their operation. Yeah we need alot more info.
Good to get clarity on the acquisition! But it also left me hanging on what's next? Is there a name change? How much cash do they have? Are they revenue producing? Lots of questions. But I guess more value now than just the brne shell. Also not clear is how this series of stock differs from common shares?
No revenue . I'd like to know value of Silica's material though. I'm surprised no one's talking about news today?
The new ceo is listed on otc market ad of yesterday
BRNE.... Looks like folks are starting to notice what a gem this is...
Good looking day. I think we have support at .0008. Should be good as we await updates.
Trying to do some digging on Silica Scientific. Looks like a fairly new Corp reporting active and profits. Since 2022. Listed at Ripplinger address in Millville, Utah. Minerals and Quarry services.
My biggest fear now is if they say nothing for months and this just slow burns back to .0004 . We have no Idea when and how long. It could be a year. Very early here unless they surprise us.
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