Recently, Marigold has received multiple bids from 3rd party drillers and is close to making a final decision concerning the drilling company which it expects to use. It is anticipated that, barring unforeseen circumstances, a 5,000-meter drilling campaign will commence in the 2nd calendar quarter of 2017. As soon as the geo-physical mapping currently being conducted by Marigold is completed, Marigold will be in a position to identify the concession(s) on which it will conduct its anticipated drilling program. Marigold has recently informed the Company that they have already begun geophysical studies on an eight-mile designated area of the concessions to undergo a feasibility study to begin a revenue bearing, placer mining operation. The Company expects these results in the 2 nd calendar quarter of 2017.
In order to assist the Company in this restructuring phase, the Board of Directors requested from Former Ambassador Hans H. Hertell that he return 9,000,000 shares previously issued to his company in May 2013. Mr. Hertell has agreed to return the stock to treasury, and the Company plans to meet with Mr. Hertell in the near term to discuss an advisory role within the Company.
The Company intends to use its best efforts to return the Company back to full reporting status.
News 
Market Data 
Discover 
