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Thursday, June 17, 2010 6:13:17 PM
ENSENADA: BAJA CALIFORNIA, MEXICO…….
IT HAS BEEN AWHILE SINCE WE LAST POSTED A NEWS LETTER TO OUR SHAREHOLDERS.. FOR THAT I GIVE MY APOLOGIES AS THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF COTTON & WESTERN MINING, INC.
I RECEIVE MANY LETTERS FROM OUR SHAREHOLDERS, FROM ALL OVER THE WORLD; I TRY TO ANSWER THEM ALL. SOME OF YOU THAT HAVE BEEN WITH US SINCE RIO FOX (2005-06), WE GREATLY APPRECIATE YOUR BEING PART OF THE COMPANY.
THERE ARE SOME WHO WRITE AND UNDERSTAND THE DIFFICULTY IN DEVELOPING A PROJECT IN FOREIGN COUNTRIES, OTHERS WRITE AND ONLY WANT TO KNOW TWO THINGS, WHEN WILL THE SHARE PRICE GO UP AND WHEN WILL PRODUCTION START IN MEXICO.
I CAN’T GIVE YOU THE EXACT DATE, BUT I CAN SAY THAT WE ARE GETTING VERY CLOSE. ALL DOCUMENTATION HAS NOW BE COMPLETED; SHARON VAZQUEZ, OUR VICE PRESIDENT AND CORPORATE SECRETARY AS TRANSFERRED THE MINERAL MINING RIGHTS FROM HER NAME OVER TO OUR AFFILIATE MEXICAN COMPANY, PANAMERICAN MINERALS VENTURES, S.A. de C.V., OUR ENVIRONMENTAL CONSULTANT IS WORKING TO COMPLETE THE ENVIRONMENTAL PERMITTING FOR BOTH MINES, LAND-USAGE FOR BOTH MINES HAS BEEN ESTABLISHED, AN AGREEMENT HAS BEEN REACHED WITH THE EJIDO (LAND-OWNERS) FOR ACCESS AND SURFACE RIGHTS, OUR BLASTING CONTRACTOR IS IN THE PROCESS OF EXTENDING THEIR EXPLOSIVES PERMITS TO COVER BOTH MINES, WE HAVE CLEANED OFF AN AREA NEXT TO THE ROAD FOR A PROJECT OFFICE AND WILL BEGIN RE-WIDENING THE ROADS WITHIN THE NEXT WEEK AND PREPARING THE MINING SITE UNDER EXPLORATION PERMITS FOR PRODUCTION.
FROM LATE DECEMBER 2007 UNTIL NOVEMBER 2008, WE EXPLORED 22 IRON DEPOSITS IN BAJA CALIFORNIA, FROM THOSE WE WHERE ABLE TO ACQUIRE WHAT WE BELIEVE ARE THE BEST TWO IRON DEPOSITS THAT ARE WITHIN 100 KILOMETERS OF THE PACIFIC OCEAN PORT OF ENSENADA; MEETING OUR CRITERIA FOR MINE DEVELOPMENT. THE WORLD WIDE ECONOMIC SITUATION SET US BACK A FULL YEAR, THE RECOVERY OF THE METAL MINERAL MAKER WAS A WELCOME SIGHT AND NOW WE ARE BACK ON TRACK TO COMPLETE THE DEVELOPMENT AND START PRODUCTION ON THE BAJA PACIFIC IRON MINERAL MINING PROJECT.
DURING ALL THE TRAVEL AND IRON MINERAL DEPOSITS WE LOOKED AT IN BAJA, WE NEVER DID TAKE A CLOSER LOOK AT THE SOUTH SIDE OF THE RIVER ON CONCESSION BAJA NO. 14 (GUADALUPE) UNTIL RECENTLY AND WAS MOST DELIGHTED TO FIND ADDITIONAL IRON ON THE MINING LOT. THERE ARE 4 NEW ORE BODIES WITH A DEPOSIT RANGE APPROXIMATELY 1,200 METERS IN LENGTH, WE HAVE POSTED A FEW PICTURES HEREIN TOGETHER WITH A GOOGLE EARTH MAP OUTLINING THE CONCESSION BORDERS AND AREA OF IRON MINERALS.
I HOPE TO BRING YOU A LOT OF GOOD NEWS IN THE COMING WEEKS CONCERNING OUR PROGRESS IN OPENING THE GUADALUPE AND TEPUSTETE IRON DEPOSITS…
THANKING ALL OF OUR SHAREHOLDERS FOR BEING A PART OF THIS ENDEAVOR….
RESPECTFULLY,
Robert L. Cotton
ROBERT L. COTTON
PRESIDENT & C.E.O.
COTTON & WESTERN MINING, INC.
This post is my personal opinion. I do not provide investment advice.
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