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Re: A deleted message

Tuesday, 07/17/2012 5:09:15 PM

Tuesday, July 17, 2012 5:09:15 PM

Post# of 162660
There will be no NI 43-101 in a month or two, or ever. SEC frowns on American OTC companies issuing documents referencing a Canadian standard.

SEC also frowns on American OTC companies issuing reserves figures for mining properties with no drill data, no credible sampling data, and no third-party reports.

The claims contain proven and probable reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. At $1,200 per ounce, proven and probable reserves are $202,500,000. Total estimated reserves, not including a valuation of black sands, is $550 Million. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values and possibly PGM.

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