EXPLORATION: The California Gold Mines
MINE SITE 2: $200M +/- Measured potential placer gold reserves (36 pit samples; volumetric calculation; est. 5-7 year extraction life for total 1200 acres). Partial extraction from adjacent hard rock mine, we are working to also acquire, was operating until idled at gold fall to $400 spot. (Combination of sites may be much more then $200M +/-)
MINE SITES 3 & 4: $500M +/- Indicated potential gold reserves (preliminary fire assays on first set of samples. Second sets of samples have not been taken but are in the planning; volumetric calculation; est. 12-15 year extraction life).
