Kilborn plus Sutton resources include 403,800 contained Measured plus Indicated gold ounces within 4,800,600 tonnes grading 2.60 grams/tonne (g/t), and 67,800 contained Inferred gold ounces within 860,900 tonnes grading 2.45 g/t (Historic Hard Rock Resource Estimate – 1995, Non-NI 43-101 compliant).
Over $30MM USD in historic exploration expenditures since 1985 by Guyana Goldstrike and prior operators (Including 42,000 meters of diamond drilling). Permitted Mining License in Good Standing.
Near-term revenue generation from bulk sampling of saprolite (highly weathered) host rock and royalties from contracted artisanal miners.
Future work planned to expand and define historic estimates and discover new gold deposits; prospective land position with over 4 targets currently known.
Large project area with multiple gold showings and numerous untested exploration targets
Historic resources approaching 750K oz of gold, which I believe will be confirmed and converted to NI43-101 compliant ounces
Year round property access with excellent infrastructure to enable low cost exploration work
Recurring cash flow generated through a royalty agreement with local small scale miners on the property
Favorable political jurisdiction, with a mining license already granted
Tiny market cap in the range of $7 million with a tight share structure
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