Richbob, Double Crown did mention new work and plans for the Bateman property in one of the recent PRs. However, it is very clear from the January 7th announcement and today's 8-K filing that the gold shipments for the new $20 million per month contract will be coming from their mining resource network in Central & South America.
From the 8-K filing:
Double Crown Resources, Inc. is pleased to announce that a final contract has been signed with a major buyer of precious metals from South Korea for regular shipments of gold products in 2016 valued at over $20 million per month, gross revenue. The terms of the agreement specify monthly deliveries of no less than 600 kg of gold over the next 12 months. Precious metals sources for these orders will be from multiple locations in Double Crown's established mining resource network throughout Central & South America. Double Crown anticipates arranging for the first shipment to be sent within the month of January.
Furthermore, Double Crown management is continuing negotiations for multiple Latin American mining resource acquisitions with key precious metals reserves. The strong demand developing in the current world markets for these products is providing a great opportunity for expansion of our business plans in the precious metals marketing sector. The Wall Street Journal and other major media sources recently cited rising global political tensions as a current force driving gold & precious metals prices higher.
In addition to the first commercial contract for gold shipments just completed, a number of other specific precious metals supply agreements are also moving forward at this time. New details will be announced as developments occur.
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