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It is now the time to invest in Nicaragua. Ocean front and ocean view properties, islands, farms and houses can be bought at a fraction of Costa Rica prices. It doesn't take much imagination to see where Nicaragua is headed. The situations were similar in Costa Rica and Belize in the late 1980, and on Honduras' Bay Islands in the late 1990s, when real estate prices increased by 500% or more in a very short time… Do not wait to buy land here, buy land and wait! Nicaragua is Hot!
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Beneficial Holdings Affiliates Agree to Purchase Location for Gaming in Masaya, Nicaragua
Date : 10/21/2010 @ 9:33AM
Source : MarketWire
Stock : Beneficial Holdings, Inc. (BFHJ)
Quote : 0.0026 0.0 (0.00%) @ 8:38AM
Beneficial Holdings Affiliates Agree to Purchase Location for Gaming in Masaya, Nicaragua
BENEFICIAL HOLDINGS INC (OTC) (USOTC:BFHJ)
Intraday Stock Chart
Today : Thursday 21 October 2010
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), announced that, through its subsidiaries in Nicaragua, it has agreed to purchase a second location for gaming in Masaya, Nicaragua. The location is on a main commercial street and will contain a slot parlor with approximately 25 gaming machines. The building will be purchased free and clear without any mortgage. The transaction is expected to close within fourteen business days as all details have been agreed upon.
"The business district in Masaya, Nicaragua, is rapidly expanding with tourism as the city is becoming a hot spot for visitors. We feel that having multiple locations in the city will be lucrative in the coming years," said Carolina Navarro, President of Beneficial Holdings, Inc.
The Company's subsidiaries will manage the slot parlor and will distribute gaming disks for its bet.cr casino from the location. Management believes the operation will be fully functional within sixty (60) days. It will carry the bet.cr by Beneficial name.
ABOUT BENEFICIAL HOLDINGS,
Penny just chill a little. Emll will begin to move soon!
I believe so and hope!
Future and fellow investors, SNEY has great potential here. They are closing in on Gold prouction, give them a month or less and we should see numbers, revenues, gold amounts and so on...also there are possibilities of Diamonds and Rare Earths......so with that said read a few of my most recent posts pertaining to Sierra Leone and do some of your own DD....you will not be disappointed! This has KATX POTENTIAL AND IS CHEAP!
GLTA SNEY INVESTORS!
This is all in my opinion! RC
SNEY IS THIN AND PRIMED FOR TAKEOFF!
Mr. Hollister is working with ENT* and look at it, it is starting to move!
Even if EMLL doesn't come true I will always have my OSTRICH EGG and they can't take that away from me.......Can they?
SNEY HEADING BACK UP HURRY!
SNEY OFFICIALLY BOUNCING BACK!
Great time to buy into SNEY if you want a GOLD stock!
SNEY has hit a good entry point! Gold production within month!
Go to SNEY on IHUB and read the DD on the area that SNEY is mining their GOLD! GOING TO BE CRAZY!!
This property is in the heart of one of Sierra Leone’s richest alluvial gold mining fields, South of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of the capital, Freetown. With gold over $1,200 per ounce, high tonnage alluvial mining is extremely attractive. Assay results from a recent sampling program (completed spring 2010) reveal widespread and commercially minable alluvial deposits of Rare Earth and transition metals in addition to gold values.
Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the prospect that states the property ”… is a property of merit and should receive continued exploration efforts” and that “the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)”
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths. These rare earths are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg./tonne rich black sands containing rare earths are easily recoverable, suggesting the likelihood of highly profitable and immediate mining. Inspection of artisanal mining and prospecting sites within the license area show rare earths consistently throughout the claims.
Testing and existing data indicate gold concentrations ranging from 1 to 18 grams per tonne of material. Fire assays conducted in Freetown by the Company show the gold purity at 89%. Assays of black sand concentrates containing rare earths in 2009 and 2010, showed quantities of rare earths and other valuable minerals in commercially exploitable grades. Recent assays by ALS Chemex in Sparks, Nevada identified several of these rare earths contained in the black sands with gold as follows: Lanthanum, Scandium, Thallium, Cerium, Dysprosium, Hafnium, Lutetium, Niobium, Neodymium, Praesodymium, Tantalum and Zircon. Further discussion on the value added to gold recovery will be forthcoming.
Disclaimer: Sunergy
Scroll to bottom for numbers!
This is a document Sierra Gold put together and all the prices were based at $500.00/ounce....so one can multiply this by almost 3!!!!!
When SNEY reports production it will be crazy rich!!!
Home Letters Field Reports Financial Info Projects Personnel Property Sierra Leone Geology Press Photos Contact Report on Property
Possible gold content and value in ExPL7/94
Geologist, Alieu Mahdi (BSc,MSc), of GeoResources (SL) Ltd. was commissioned to prepare a report on the estimate of gravels and gold values. within the Pampana River and its flanking flats and terraces. Below are the estimated figures.
1. Previous work:
The report on the work done by the now defunct National Diamond Mining Company (SL) Ltd. (NDMC), over the period June 1985 – June 1990 in its Pampana North Special Exclusive Prospecting Licences No. 2136 (Report 1) and that dated December 1993 produced by Consultant Mining Engineer Michael Manke for and on behalf of Kholifa Mining Venture based on work done between mid October to mid November 1993 by Messrs. Herber Hendricks and Michael Manke ((Report II) are the only recent professional discourse on which a meaningful estimate of the possible volume and grade of the auriferous gravels in the Pampana Channel. Its flanking flats, and terraces which can be mined with profit or with the hope of profit, can be based.
2. Possible grade of auriferous gravels:
The report by Manke uses a grade of 0.12 ounces per cubic yard in computing the possible gold content of the auriferous gravels within the Rosint Development property. Grades of this order are certainly achievable as is evidenced by the grade of 2.988gm/yd³ (0.0960ozs/yd³) produced by illicitly won bottom gravels from the Makotha Meander. Page 5 of Report I speaks of the inherent inefficiency of the Denver Gold Saver especially with respect to fine gold used in the processing of auriferous gravels to produce gold bearing concentrate. Similarly, the efficiency of the Humphrey’s Gold Miser utilized in the production of auriferous concentrate by Messrs. Manke and Hendricks is questionable.
(Pg. 3 of Report I)
In light of the foregoing the gold grades obtained by NDMC (SL) Ltd. and Messrs. Hendricks and Manke were indeed conservative. Assuming an efficiency of 85% of recoverable gold from both concentrate recovery systems. It is reasonable to increase the grades reported by at least 10%.
For this exercise however two possible grades are indicated. The first (a): is the weighted mean grade of bottom gravels treated by the defunct NDMC (SL) Ltd., while (b) the second is the geometric mean of the grade derived by Manke and Hendricks and the weighted mean grade from NDMC’s work.
(a) Weighted mean grade:
SITE/DESCRIPTION VOLUME
(yds.) RECOVERY AU
(gm.)
GRADE
(gm/yd³)
WEIGHTED
(grade)
MAKOTHA MEANDER
(illicitly won Bottom gravel) 109.200 326.327 326.327 2.988 326.2896
MAMAMKI 3.218 4.234 1.316 4.2349
ROGBOM 105.185 108.700 1.033 108.6561
MASOKORI 140.081 44.111 0.315 44.1255
A³ DEVLOPMENT
(NDMC’s Work)
SAMPLING
2,125,330 649.363 0.306 650 350.98
A² DEVLOPMENT
SAMPLING
526,103 163 112 0.310 163 091.93
TOTALS = 2,651,791 813 926.216
Weighted mean grade = 0.3069gm/yd³ (0.0098 oz/yd³)
(b) Geometric mean grade:
0.0098 x 0.12 = 0.0329 oz/yd³
However in the computation that follows with respect to the estimated gold content in the gravels flanking the Pampana Channel the geometric mean grade is used.
3. Estimate of volume of auriferous gravels:
The overlap between Rosint Development Company’s ExPL7/94 and NDMC’s SEPL 2136 is approximately 40%. Some of the deposits for which gravel volumes are quoted by NDMC are outside the boundaries of ExPL7/94.
In determining the possible volume of auriferous gravels within ExPL7/94, gravels within the present Pampana channel are discussed separately from those developed in the flats and terraces flanking the Pampana Right Bank.
Right Bank Deposits:
A study of the contours on Topographic Sheets 44 and 55 and the assumption that the gravels laid by the Pampana would not spread more than 1,500 metres from edge of the present river channel, have allowed possible gravel retention sites to be outlined and measured. The area of these retention sites total 11.7888km² (11,788,800sq.metres). The thickness of the gravel is taken as the average of the gravel thicknesses as in all areas tested by NDMC (SL) Ltd., in its A² and A³ development sampling programme. This approximated to 2.0 metres. The volume is therefore 23.577.600cu.metre (47,155,200cu.yds)
Pampana Channel Deposit:
Total length of river in ExPL7/94 approximates 24 kilometers, with a mean width of the about 100 metres.
The following assumptions are made in computing a possible volume of gravels in the channel
(i) only about 30% of the river is dredgeable.
(ii) Gravel thickness in the channel is 1.5 metres.
Possible gravel volume in channel:
8000 x 100 x 15 = 1,200,000cu.metres (1,569,540cu.yds.)
4. Gold content in ExPL7/94
(a) In the Pampana Channel:
(i) Assume the grade of 0.811gm/m³ recovered by 1950 Dredge for a section of the Pampana, south of ExPL7/94 holds good for dredgeable sections in ExPL7/94, then the gold content is 973 200 gms or 31.293ozs.
(ii) Assume that depletion due to illicit mining over the years is set at 30% then the gold content is reduced to 21905ozs.
(iii) At US$500/oz. The estimated gold value is US$10,952,000.
(b) In the Flanking Flats and Terraces:
Geometric Mean Grade = 0.0329oz/yd³
Gravel Volume = 47,155,200yd³
Assume 70% of gravel would be economic, volume is reduced to = 33,008,640 yd³
Gold content = 1,085,984ozs.
Depletion of 15% Gold due to previous mining – lawful and illicit: gold content is reduced to = 923,087ozs.
At gold price of US$500, the estimated gold value is US$461,543,500.
(c) The estimated gold value contained in ExPL7/94 is US$472,495,000.
5. Conclusion:
The estimated gold value in excess of US$472,000,000 in ExPL7/94 makes the property an attractive proposition.
Sunergy, Inc.: Sierra Leone Acquisition Due Diligence Completed and Definitive Written Agreement Terms Agreed for 140.1 Sq. Km. Gold, Rare Earths and Diamond Concession, Enabling Rapid Closing
Press Release Source: Sunergy Inc. On Thursday September 16, 2010, 7:04 am EDT
SCOTTSDALE, AZ--(Marketwire - 10/14/10) - Sunergy, Inc (the "Company") (Pinksheets:SNEY - News) (the "Company") reports that due diligence on the Allied Mining and Supply, LLC (Nevada) planned acquisition of 100% of their Company has been completed successfully (See Press Release dated September 7, 2010). The terms of the definitive agreement have also been agreed upon and the Company intends to close the transaction as soon as practical. Full details will be published at closing, but suffice it to say the recent depressed market for Sunergy shares has had no adverse effect on the Company's ability to complete the transaction.
Allied is engaged in the licensed exploration and development of prime alluvial gold, rare earths and diamond properties in Sierra Leone, West Africa. It has business and export licenses for Sierra Leone. It is exploring, dredging and bulk sampling in a number of areas within its concession territory of 140.1 square kilometers on the Pampana River, licensed in 2009.
Sunergy Chairman P. K. Medhi says: "I am pleased that we have been able to complete due diligence and agree on terms of the transaction quickly. For Sunergy to be able to expand our West African mining operations into Sierra Leone on an advanced property with management and a quality operations team already in place is a milestone for the Company. We look forward to closing this transaction which will be accretive to shareholder value. We are targeting additional rapid growth in Ghana and Sierra Leone as well as other African near term gold production opportunities."
This property is in the heart of one of Sierra Leone's richest alluvial gold mining fields, South of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of the capital, Freetown. With gold over $1,200 per ounce, high tonnage alluvial mining is extremely attractive. Assay results from a recent sampling program (completed spring 2010) reveal widespread and commercially minable alluvial deposits of Rare Earth and transition metals in addition to gold values.
Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the prospect that states the property "... is a property of merit and should receive continued exploration efforts" and that "the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)"
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths. These rare earths are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg./tonne rich black sands containing rare earths are easily recoverable, suggesting the likelihood of highly profitable and immediate mining. Inspection of artisanal mining and prospecting sites within the license area show rare earths consistently throughout the claims.
Testing and existing data indicate gold concentrations ranging from 1 to 18 grams per tonne of material. Fire assays conducted in Freetown by the Company show the gold purity at 89%. Assays of black sand concentrates containing rare earths in 2009 and 2010, showed quantities of rare earths and other valuable minerals in commercially exploitable grades. Recent assays by ALS Chemex in Sparks, Nevada identified several of these rare earths contained in the black sands with gold as follows: Lanthanum, Scandium, Thallium, Cerium, Dysprosium, Hafnium, Lutetium, Niobium, Neodymium, Praesodymium, Tantalum and Zircon. Further discussion on the value added to gold recovery will be forthcoming.
Disclaimer: Sunergy is relying on information provided solely by Allied Mining and Supply, LLC and historical geological reports which it has not been involved in the preparation of. This information is not SEC Industry Guide 7 compliant and there for should not be relied on by investors for investment purposes.
About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. We are acquisition oriented and are considering several projects suitable for near term production.
Further information is available on the Company's website www.sunergygold.com
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin Mining Concession.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Contact:
Karl A. Baum
Sunergy, Inc.
949.244.1378
480.477.5810 office
karl@sunergygold.com
Investor Relations
480.399.7222
info@sunergygold.com
Sunergy, Inc.: Sierra Leone Acquisition Due Diligence Completed and Definitive Written Agreement Terms Agreed for 140.1 Sq. Km. Gold, Rare Earths and Diamond Concession, Enabling Rapid Closing
Press Release Source: Sunergy Inc. On Thursday September 16, 2010, 7:04 am EDT
SCOTTSDALE, AZ--(Marketwire - 10/14/10) - Sunergy, Inc (the "Company") (Pinksheets:SNEY - News) (the "Company") reports that due diligence on the Allied Mining and Supply, LLC (Nevada) planned acquisition of 100% of their Company has been completed successfully (See Press Release dated September 7, 2010). The terms of the definitive agreement have also been agreed upon and the Company intends to close the transaction as soon as practical. Full details will be published at closing, but suffice it to say the recent depressed market for Sunergy shares has had no adverse effect on the Company's ability to complete the transaction.
Allied is engaged in the licensed exploration and development of prime alluvial gold, rare earths and diamond properties in Sierra Leone, West Africa. It has business and export licenses for Sierra Leone. It is exploring, dredging and bulk sampling in a number of areas within its concession territory of 140.1 square kilometers on the Pampana River, licensed in 2009.
Sunergy Chairman P. K. Medhi says: "I am pleased that we have been able to complete due diligence and agree on terms of the transaction quickly. For Sunergy to be able to expand our West African mining operations into Sierra Leone on an advanced property with management and a quality operations team already in place is a milestone for the Company. We look forward to closing this transaction which will be accretive to shareholder value. We are targeting additional rapid growth in Ghana and Sierra Leone as well as other African near term gold production opportunities."
This property is in the heart of one of Sierra Leone's richest alluvial gold mining fields, South of the Sula Mountains in the Greenstone belt on the North Pampana River, around 120 miles east of the capital, Freetown. With gold over $1,200 per ounce, high tonnage alluvial mining is extremely attractive. Assay results from a recent sampling program (completed spring 2010) reveal widespread and commercially minable alluvial deposits of Rare Earth and transition metals in addition to gold values.
Allied recently obtained a NI 43-101 Technical Report on the Pampana North section of the prospect that states the property "... is a property of merit and should receive continued exploration efforts" and that "the northeastern portion of the mining property contains a known bedrock gold vein potential, which is 1,200 feet long, and located 9 km from the Yirisen gold deposit. (Past geological studies have indicated that Yirisen is one of the largest gold vein deposits in Sierra Leone.)"
Historical reports indicate recoverable alluvial gold on the Pampana North section (40.1 sq/km or 28% of concession area) at over 500,000 oz. with average grades of 0.12 ounces per tonne qualifying as superior grade deposits as defined by the US Bureau of Mines. The Company was also granted a boundary modification by the Sierra Leone Mines Ministry to include an adjacent 100 square kilometers immediately on the other side of the river. This adds an additional 72% land area in which recent testing has shown apparent continuity of gold and Rare Earths. These rare earths are consistent and verified in the river channel and along the banks and benches. Allied geologists estimate 50kg./tonne rich black sands containing rare earths are easily recoverable, suggesting the likelihood of highly profitable and immediate mining. Inspection of artisanal mining and prospecting sites within the license area show rare earths consistently throughout the claims.
Testing and existing data indicate gold concentrations ranging from 1 to 18 grams per tonne of material. Fire assays conducted in Freetown by the Company show the gold purity at 89%. Assays of black sand concentrates containing rare earths in 2009 and 2010, showed quantities of rare earths and other valuable minerals in commercially exploitable grades. Recent assays by ALS Chemex in Sparks, Nevada identified several of these rare earths contained in the black sands with gold as follows: Lanthanum, Scandium, Thallium, Cerium, Dysprosium, Hafnium, Lutetium, Niobium, Neodymium, Praesodymium, Tantalum and Zircon. Further discussion on the value added to gold recovery will be forthcoming.
Disclaimer: Sunergy is relying on information provided solely by Allied Mining and Supply, LLC and historical geological reports which it has not been involved in the preparation of. This information is not SEC Industry Guide 7 compliant and there for should not be relied on by investors for investment purposes.
About Sunergy: The Company is an aggressive junior mining exploration and development Company that is production oriented at the earliest possible profitable opportunity. We control 100% of the 150 SQ. Km. Nyinahin mining concession with a full prospecting license. The concession is surrounded by several operating mines and is adjacent to Newmont Mining's property. This concession has the Ofin river flowing through our eastern portion and there are numerous artisan pits ready for testing and evaluation for near term production. The Ofin river is known for good alluvial gold production. We are acquisition oriented and are considering several projects suitable for near term production.
Further information is available on the Company's website www.sunergygold.com
Notice Regarding Forward-Looking Statements
This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, any mineralization, development or exploration of the Nyinahin Mining Concession.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Contact:
Contact:
Karl A. Baum
Sunergy, Inc.
949.244.1378
480.477.5810 office
karl@sunergygold.com
Investor Relations
480.399.7222
info@sunergygold.com
SNEY is a gold play with production under a month away..0028 and thin!
SNEY- GOLD REVENUES WILL BE ANNOUNCED IN MONTH!
BFHJ IS MOVING ON THIN AIR SAY GOODBYE TO 3S
KIDS WE HAVE LIFTOFF....BFHJ IS MOVING ON AIR!
I been locked in at .0005 for 2mil
A few more hits and SNEY will run! Gold revenues nearby!
You want Gold, SNEY will have GOLDEN REVENUES IN A MONTH...003!
SNEY COUPLE BIG HITS GOING TO EXPLODE!
EMLL.....DUMPING IS OVER TIME TO BUY .0003, GOLD,OIL????
Very low volume on all 4 stocks I am following!
QSGIQ GOING TO EXPLODE!!!!
SNEY CREEPING INTO THE BLUE!
QSGIQ PRIMING ITSELF FOR LIFTOFF!
WOW Level 2 LOOKS GREAT! 3@.0002 by 1@.0003