Highlights of some of the comments contained in the report:
"The Conglomerate Mesa hosts multiple large-scale hydrothermal gold-silver systems that are similar in style, geology, and geochemistry to the highly productive Carlin-type systems of northern Nevada," and "Gold-silver mineralization is known to occur within a zone that is over 8 kilometers long and 4 kilometers wide."
"Based on previous historical data compiled by several mining companies (including: BHP Billiton, Newmont Exploration, Asamera, Anaconda Minerals, and Mobil Exploration) dating back to 1984, the Conglomerate Mesa could host bulk mineable gold deposits in excess of 2,000,000 ounces (as stated in an inter-company report)... Sungro also controls unpatented lode claims that cover a portion of the historic Santa Rosa Zinc-Lead-Copper-Sliver-Gold skarn that was explored by Anaconda and considered to have the potential to host a world-class deposit" as stated in a 1991 report by James Dixon (PG). This target has some restrictions due to the Malpais Mesa Wilderness area.
"Conglomerate Mesa is a quality prospect that should be drilled on a grid system and several +2,000 foot drill holes should be placed in strategic locations based on geology, geochemistry and geophysics" to test for both shallow and deeper high-grade mineralization. If this prospect was in Nevada, it would have hundreds of drill holes, as properties of this quality are difficult to find. Significant, shallow oxide gold mineralization has been defined at Conglomerate Mesa. These areas remain open with substantial additions conceivable. Beyond the expansion of known zones of mineralization, there is excellent potential for the discovery of new mineralized zones. It is clear that Conglomerate Mesa warrants significant additional expenditures to move targets forward and develop NI 43-101 resources."
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