Thursday, July 08, 2010 1:14:28 PM
The Company will be making the very extensive reports available for download on its new corporate web site. The Company's new Management Team will update these reports and value at the current gold price of circa US$800/oz. This data will be available to stockholders in and during January, 2008.
This is a very brief overview of these mining projects.
The "Mockingbird" Property:-
Dr Wayne P Colliston, compiled this report in August, 2004 on the "Mockingbird" gold (silver - copper) property.
At the gold price of approximately US$400/oz (in August 2004), this provides a value estimate for the deposit in the range of up to $400 million. The estimated gold resource does not include the potential of the 16 gold placers identified on the property. At the current Gold price of circa US$800/oz, the revised and updated valuation report being prepared by Dr Colliston, will be significantly higher.
INTRODUCTION:
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