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Re: Howzitgoing post# 36606

Friday, 01/28/2011 3:02:00 AM

Friday, January 28, 2011 3:02:00 AM

Post# of 48943
Aguila Processing Facility

In Arizona, the Company owns a 100% interest in a precious metals processing plant known as the Aguila Facility located in Aguila, Arizona.

The Aguila Facility encompasses 12 acres of rail and highway accessible industrial property which is permitted, serviced and has additional water capacity to meet production requirements. The fenced and secured property contains four building structures totaling 5,850 square feet, of which the processing plant building occupies 3,500 square feet and a caretaker’s building occupies 1,000 square feet. In addition, there is a 750 square foot laboratory and a 600 square foot industrial materials storage building.

The Maricopa County Department of Planning and Development has established the non-conforming use of the property for the following industrial uses:
• Assaying and testing ores and minerals;
• General offices for records keeping, sales/marketing and shipping functions;
• Stockpiling, leaching, milling and shipping of ores and minerals;
• Repairing and fabricating mining and processing equipment, supplies and vehicles;
• Loading and shipping by rail and transport trucks;
• Storing, dismantling, cleaning and repairing all mining related equipment and vehicles.

Expansion of the Processing Facility will occur in conjunction with the needs of the local mines and the development of mineral exploration. The Company currently leases the Aguila Facility to an arms’ length third party for US$4,249 gross per month.

http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00006089&fileName=/csfsprod/data104/filings/01539540/00000001/C%3A%5CSEDAR%5CTEMP%5CCNG-MDA.pdf

Aguila Processing Facility

In Arizona, the Company owned a 100% interest in a precious metals processing plant known as the Aguila Facility located in Aguila, Arizona, United States. On January 31, 2010, the lessee exercised its right to acquire the leased portion of the rental property. The effective date of closing was March 08, 2010. Gross proceeds on disposal of the property were $488,110 (US$475,000), and closing and legal costs amounted to $11,527. The Company has retained 713 feet of highway frontage commercial property for future development. The Company estimates that the market value of the remaining portion substantially exceeds the stated book value.

http://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00006089&fileName=/csfsprod/data107/filings/01590681/00000001/C%3A%5CSEDAR%5CTEMP%5CCNG-Q3MDA.pdf


Minex LLC Formerly Azco Mining

Aguila Plant

http://www.asmi.state.az.us/userfiles/file/Annual%20Reports/2008AnnualReport_Gov.pdf

Ambrosia Mill

http://www.blm.gov/pgdata/etc/medialib/blm/az/pdfs/nepa/projects/phoenix/08_EAs_pdo.Par.39907.File.tmp/EA-210-08-011-minex.pdf