The company
presently has mineral rights to three Arizona gold exploration properties and three
Arizona silver exploration properties.
l. The Primary SIC code for the Company is 1000-Metal Mining; with a secondary
SIC code of 1040 - Gold and Silver Ores.
2. The Company is in the exploration stage, and has mining claims in the State of
Arizona.
3. The issuer is not considered a "shell company" pursuant to SEC Rule 405 of the
Securities Act of 1933.
4. The Company has no parent, subsidiary or affiliated companies.
Regional Geology
The regional geological setting is a major east / west detachment fault (called the
“Buckskin / Rawhide Detachment Fault”). Mineralization is found in quartz veins and
breccia zones hosted by the upper plate and lower plates. Detachment fault deposits were
first recognized as a separate form of gold deposit in the 1980’s. The best example of an
Arizona detachment gold deposit is probably the Copperstone Gold deposit, which like
Clara is in the highly extended Western Arizona terrane, as well as in the “Walker Lane”
gold trend. Cyprus Gold mined the approximately 500,000 ounce Copperstone open pit
gold resource during the 1980’s, and another mining company is presently assessing the
feasibility of mining the underground gold resource at Copperstone. Unlike the upper
plate Copperstone deposit, gold mineralization at Clara is found in both the upper plate
and in the lower plate, as well as in the fault contact area itself. The gold is frequently
found in breccias zones with quartz and copper mineralization, which at the surface is
frequently in the form of blue – green chrysocolla or green malachite. Also associated
with the gold are iron oxides (including hematite), which makes magnetic anomalies
potential exploration targets.
Mr. Lowenthal's experience in mining goes back to the early 1970's, when he was
working in Sierra Leone, Guinea and Burkina Faso and obtained mining concessions in
gold and diamonds in these countries. Mr. Lowenthal resumed his interest in West Africa
in 2006, when he was requested by an international mining company to obtain a uranium
concession. As a result of this activity, Mr. Lowenthal established an office in Dakar,
Senegal and Nouakchott, Mauritania and has actively pursued concessions in Senegal,
Mauritania and Guinea. These activities extend from gold to iron ore, chrome and
uranium. The Lowenthal family has been involved in mining activity in South Africa,
Guinea, Senegal, Mauritania, over many years and, when Mr. Lowenthal returned from
Asia to South Africa in 1982 when his family and others gained control of Johannesburg
Mining Finance Limited, which became Consolidated Mining Corporation. This group
specialized in gold and diamonds.
Mr. Lowenthal is presently an officer or director of Kansala Resources SA, Senegal,
Sanko Lowenthal, Mauritanie SARL, Sloane Investments, Inc., Chataprop Holdings 86
(Pty) Limited, IHL Nominees (Pty) Limited, Incentive Securities (Pty) Limited, ASPA
Gold Corp. and North American Gold & Minerals Fund. He was previously an officer
or director of Faso Mining SA, Consolidated Mining Corporation Limited, West
Witwatersrand Gold Holding Limited, Carrig Diamonds Limited, Hanover Capital
Group plc, Anglo Dutch Life Limited, Africa Resources Investments Limited, Catwalk
Investments 398 (Pty) Limited, Hanover Research (Pty) Limited, Incentive Asset
Management (Pty) Limited, Incentive Asset Traders, Incentive Corporate Finance
(Pty) Limited, Incentive Holdings Limited, Rhizoid Timeline Formula Limited, Saga
Lowenthal Commodities (Pty) Limited, Benoni Gold Holdings Limited, Bonte Koe
Mynbou Ondernemings (Pty) Limited, Rex Mining Corporation Limited, Southern
Fissures Limited, Wolfberg Mynbou (Pty) Limited, Carbon Leader Limited, Loxton
Exploration (Pty) Limited, Dukes Court Shareblock Limited, Edgtech Holdings (Pty)
Limited, Master Computer Bureau (Pty) Limited, Moorpark Shareblock Limited, Pick
Distribution Company (Pty) Limited, Pick Square (Pty) Limited, Pick Technologies
(Pty) Limited and Mesklip Prospecting (Pty) Limited.
AI
