We entered into a Toll Processing Agreement with Golden Anvil, SA de CV ("Golden Anvil") to process concentrates at our Phoenix Facility. We have also entered into a Letter of Intent with Golden Anvil with respect to a proposed 50/50 joint venture. See "Golden Anvil" below.
We also plan to engage in the exploration and development of our Piute Valley Property located in Clark County, Nevada. Our Piute Valley Property is a potential gold project that consists of a mineral lease covering 20.61 acres of patented claims (the "Smith Lease") and an option to acquire a 7/8th interest in 20 unpatented claims (the "BLM Claims") located near the Smith Lease. Each BLM Claim is comprised of 160 acres. See "The Piute Valley Property" below.
We are actively seeking to enter into agreements to license our Lixiviation Technology to third parties and we are also seeking to enter into joint ventures with third parties to explore and develop additional mining projects. There are no assurances that we will be able to license our Lixiviation Technology or enter into joint ventures for the exploration and development of additional mining projects
.....see 2nd filing/PR back...
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