In reference to the JV partner it’s Concha Holdings, Ltd. On PGCR webpage go to the top for properties. I currently don’t believe PGCR has currently acquired Central and South America for lack of funding. With gold prices around 1150, PGCR might be able to secure the require cash from the sell of gold certificates to develop their properties. This would be good news for all of us.
From PGCR website.
In addition to developing Alaskan properties, we will be expanding the Placer Gold Corp. project scope to include mining of additional placer gold deposits located elsewhere in the Pacific Rim in the coming months. These resources will enable the group to locate new dredges, as well as re-deploy our ocean-going dredges south during the arctic winter months when mining is not possible due to ice-over, thus creating additional jobs and gold bullion for host countries and our stockholders.
The West's Allies urgently need new industries to create jobs in this time of economic stagnation and additional hard currency reserves to at least partially back local fiat money creation to provide credit to fund new local businesses.
Gold Mining investments can improve the livelihood of peoples inhabiting mining regions by creating new localized wealth and employment and via taxes the construction of health, transportation and communications infrastructure and in this way facilitate for these populations access to nearby urban centers health, educational and cultural resources.
Rather than giving foreign aid, which all too often has the effect of lower long-term benefits, we propose invest in local industries and job training to create a stronger indigenous economy.
A portion of the net revenues from the gold mines will be used to directly fund:
• Free local hospitals.
• New schools including vocational training technical schools to educate people how to develop and operate resource business in their own communities.
• Scholarships for bright students to attend technical colleges to foster improved community sharing of the benefits for generations to come.
A portion of the gold produced will be paid into the host country?s Treasury as royalties and taxes and we will encourage participating central banks to keep the bullion to create hard money bank reserves to facilitate new fiat money business loan programs to enable local entrepreneurs to develop indigenous small businesses. This will have huge multiplier effects as most of these funds will stay and circulate within the local communities.
The Central Bank Fiat money creation ratio on top of hard currency bullion reserves is typically 7-10 times the value of the gold in new fiat loan money creation. Thus new gold reserves will have a huge beneficial multiplier effect on emerging economies
