Replies to post #2858 on Matchaah Holdings Inc. (MCHA)

[abc1938]

WSRA DOES NOT OWN GOLD BASIN MINE. I believe that was what I was what I was talking about.

[abc1938]

The Gold Basin Mine is held by Pine Creek Mining, Inc., a corporation ...

[abc1938]

Western Sierra Mining Corp. Confirms New Production Agreement with Pine Creek Mining Inc. for the Gold Basin Mine
05/18/2011
Western Sierra Mining Corp. confirmed that the Gold Basin mine will commence a full production schedule beginning immediately. Under a mutual agreement with Pine Creek Mining Inc., the current owners of the Gold Basin Mine, Western will continue to provide a variety of services for the long-term development of the property. Western and Pine Creek will mutually act as mine supervisors for the production phase on the upper portions of the mining claims. The new production plant now being installed is designed to operate at 50 yards per hour. The current plant location and holding ponds are being modified to facilitate material handling requirements. In addition to the work on the upper claims, Western and Pine Creek will focus additional resources on developing the lower claims including additional testing and permit expansion. The intent, in conjunction with the U.S. Forestry Service, is to provide a long-term alternative to the current plant location while significantly expanding production. The Gold Basin Mine is fully permitted and bonded with proven and probable reserves of in excess of $800 million at gold prices of $1,200. Depending on ultimate production rates, mine life will be in excess of 20 years.

[abc1938]

CURRENT STATUS OF WESTERN SIERRA MINING PROJECTS AND ORE RECOVERY OPERATIONS
GOLD

Property Ore (Tons) Au oz./ton Prov /
Probable Indicated Total $ @
900 per oz Total Ounces Proposed SP Disposition

SunGold Mine 450,000 0.41 $166,050,000 $45,000,000 $211,050,000 234,500 $2,350,000 Sold
500,000 0.10
Treasure Gulch 52,000 0.65 $30,420,000 $11,306,520 $41,726,520 46,363 %1,560,000 Sold
21,660 0.58
Big Chief Group 84,000 0.5 $37,800,000 $37,800,000 42,000 $1,500,000 Available
Independence 40,000 0.62 $22,320,000 $22,320,000 24,800 $1,000,000 Available
Goldwater 17,850 0.4 $6,426,000 $6,426,000 7,140 $300,000 Available
Oro Cache Mine 75.000 0.32 $21,600,000 $21,600,000 24,000 $1,000,000 Under Contract
Eagle Mine 68,000 0.162 $9,914,400 $9,914,400 11,016 $500,000 Available