Any updates?
American Patriot Gold ("APG") is a 100% owned subsidiary of Rock Energy Resources, Inc (symbol: RCKE.PK) publicly listed developer of gold and associated mineral assets located in the United States. With the recent acquisition of 100% of the stock in HE-MAN LLC, now renamed American Patriot Gold, "we" are fully funded with a recently closed $25 million credit facility. In addition we own certain legacy assets from our prior business in the oil and gas industry. We are seeking avenues to monetize those assets providing further capital for our mining efforts. Consequent to our acquisition of 100% of privately held APG on December 20, 2011 we now own a 49% direct interest in the Red Arrow mine in Mancos, Colorado. We have increased our patented claimed acreage from 317 to 800 in the first quarter 2012 and In conjunction with our partners in the property we are working to establish additional highly prospective claims immediately adjacent to our operating mine. Potential reserves of in excess of 408,000 ounces of gold in just 1 vein. Initial bullion sale to begin April 2012 - Fully rehabilitated and permitted infrastructure; Ore being mined now in preparation for our first of three 50,000 tons per year, the first of which will be operations in April 2012; Upside reserve potential of between 3-5 million ounces to be delineated with core drilling in early 2012; and Additional deposits of platinum, silver and copper to be further evaluated once our initial mill comes into operation early in 2012. Our team of Management and Directors and our strategic operations partner in Mancos, Colorado bring a broad and deep group of disciplines to our Company that will help guide us in the development of expanding cash flows and shareholder value for many years to come.
ALL i say is my opinion only.
