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Thursday, July 12, 2012 11:44:11 AM
Gold Coast Mining-The Gold Crown Group
During the first quarter of 2012, we entered into an agreement with Gold Coast Mining to develop the Gold Crown and GS-1 to GS-4 placer claims in Skull Valley, Arizona. Under the basic terms of the agreement, Gold Coast has committed to a 9 month budget to provide the information necessary to, and targeted at, preparation for putting the property into eventual production.
We have now completed our initial evaluations and surveying of the property. With this information we outlined several initial sample sites both on the BLM and State grounds. The sampling program has begun in the south eastern portions and information concerning those results will be made available to GDSM during the first two weeks of July. The second phase, sampling on the north western portions of the property, will begin shortly after the conclusion of reporting the first phase results.
The Gold Star properties are comprised of approximately 650 acres. To some extent, the difficult train has limited our initial efforts, but the majority of the property is accessible via ATV vehicles.
In addition to the Gold Star properties, we are looking at the possibilities of expanding the exploration efforts to include other potential gold and/or silver properties in Central Arizona in conjunction with GDSM.
GDSM TWITTER UPDATE: @GoldCoastMining: Shareholders: We are expecting additional testing results in the next day or two. A release detailing the sampling data will then follow.
@GoldCoastMining: We are commited to our goal of building shareholder value. Thank you for your support!
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