The owner of the mine desires to maintain a 20% ownership in the mine so as to receive partnership profit benefits for operating the mine, since he believes the mine is one of the last unexplored bonanzas in Nevada. We invite you to study the exploration and historical data. The following are some of the highlights.
I. Significant Assay Results in Mine or Adjacent Property
(an indicator of potential for the deeper high grade vein zone)
Lode Samples of Gold and Silver in opt (ounces per ton grading of samples by assay).
Atomic Chart symbols for Gold is “Au” and Silver is “Ag”.
3.8 opt Au and 150 opt Ag on the stonewall of GSHG Lode, pg 3i
- photo of this sample is in Prospectus video #1.
1.5 opt Au and 179 opt Ag in the P claim in east quadrant of the sulfide silver-gold anomaly is bordered by a black Triassic limestone outcropping unit. Samples of the limestone carry gold in excess of 0.1 opt with silver values. This silver-gold anomaly lies between these two units. A complete drill program of this area will increase grade and content, adding to overall resource of the Mine Property, pg 3i - photo of this sample is in Prospectus video #1.
This is the last sample in Prospectus video #1
0.2 opt Au and 0.3 opt Ag ID: Lode Quartz found at apex of lode and prospects below the Mine. the neighborhood, pg 13a. Apex of Lode is in the Mine Property.
Rock specimen in workbook containing;
2.3 opt Au and 180 opt Ag ID: Quartz var. Pyrargyrite, Claim due south of Mine, pg 15
Rock specimen in workbook containing;
3.5 opt Au and 230 opt Ag ID: Quartz var. Argentite from Silver Lode Mine in the neighborhood, pg 15
0.2 opt Au and 0.2 opt Ag assay samples of quartz outcropping in the Mine Property. Refer to Geological Map at end of video depicting a “high grade fissure”, the one zone in red color, indicating a Gold-Silver High Grade (GSHG) Vein type lode for a distance of at least 2,000 feet long by approx 100 feet wide running through several mining properties with historic production results. GSHG vein is a quartz lode structure that is “chimney pipe-like” rising from depths to the surface formed as an up-thrust between Triassic era limestone and Tertiary Volcanic units. This structure forms the apex of the GSHG Lode and is in the property of the Mine. The mineralogy of the ore zone is made of silver and gold sulfides with native gold and silver values in a sulfide quartz ore matrix – page 6.
Another geology map illustrates the GSHG vein in yellow color as a gold reserve of 159,000 oz Au down to a depth of 450 feet as an amorphous body at least 2,000 feet long by approx 100 feet wide to the northwest and widens to 700 feet wide towards the southeast resembling shapes like upside-down branches of a tree/ moose antlers in the area of the Mine Property. (Why SELR wants to start there. SELR is a big giver.) Jasperoid outcrops seem to define the structural pattern. Alteration and mineralization phases like silicification, decalcification and advance argillization with pronounced oxidation and leaching points to an epithermal system substantiated by hydrothermal alteration textures and brecciation – page 3.
The disseminated deposit on the property is with rhyolite tuff beds and meta-sediment underlain by greenstone.
The areas of historic operation have not exhausted the mineralization. The apex of the lode rises to the surface in the Mine Property for sale down to depths ranging from 450 ft to 620 ft (pause the video when at the Section drawing). Historic production occurred in two eras: 1860 – 1880 and 1920s.
An adit was developed for the underground exploration-development effort of the mineralized gold/silver trend to intercept .3 opt Au and 10 opt Ag. It is believed, based upon anomaly field studies and sampling/drilling, that the quartz lode is a continuation of the GSHG mineralized trend, south central part of the overall seventeen (17) mile trend predominantly in a small mountain range and portions of trend continue under alluvial fans splaying out into adjacent prairie, refer to video #2 for geography of the vicinity containing rounded hills covered with juniper forest connecting occasional mountains approx 4 to 5 miles apart bounded by large, low angle continuous strips of alluvial fan bordering chaparral prairie and range land . That summary is from the 2008-2009 N-NW quadrant development project by the Owner’s Mining Company (OMCo), pg 3h.
Lode Samples for Gold by Exploratory Drilling
0.615 opt Au, ID: Quartz Lode 029742-FA30, Oct 09, 2002, pg 13b
0.620 opt Au, ID: Quartz Lode 029742-FA30{R}, Oct 09, 2002, pg 13b
0.201 opt Au, ID: Marked Sample, Oct 30, 2002, pg 13b
0.1-0.3 opt Au Ls. Outcrops of ore, 2003-2004 Ore N&NE Expansion Project, pg 7
0.1-0.2 opt Au Quartz Outcrops, 2003-2004 Ore N&NE Expansion Project, pg 7
0.134 opt Au, 5 ft interval: 135 - 140 ft, ID: RC Hole 007 in 1984, pg 3a
In Prospectus video #1 are two 3-D color rendered cross section models representing two ore bodies and topography, sediment/volcanic contact, bounding fault and 0.01 opt gold grade envelope.
Two ore bodies
Upper Zone in yellow – disseminated lode extraction by open pit with heap leach
Lower Zone in blue – gold-silver high grade fissure vein (GSHG)
Lode Samples for Silver by Exploratory Drilling
1.000 opt Ag, ID: Quartz Lode 029741-D210, Oct 09, 2002, pg 13b
0.726 opt Ag, ID: Misc. Sample, 7645-D210, Oct 26, 2002, pg 13b
LM Cut 1, Hole 2:
0.98 opt Ag, ID: 00-04, pg 8a
0.30 opt Ag, ID: 08-12, pg 8a
0.51 opt Ag, ID: 12-16, pg 8a
0.44 opt Ag, ID: 20-24, pg 8a
0.30 opt Ag, ID: 24-28, pg 8a
0.24 opt Ag, ID: 40-44, pg 8a
Gold and Silver Assay by Exploratory Drilling
0.003 - 0.2 opt Au & Ag: 475 ft – 675 ft deep, JA Drill Program. The sulfide silver-gold ore continues to claims in the southwest. Ores in these mines are very rich in silver-gold values (see samples), pg 5f with excerpt of geological and grading table from Owner’s Drill Log.
Proposed Drill Program for 2009 could be expanded into 200k-250k opt Au resource for the shallower, upper zone of disseminated deposit.
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II. Offer Amendments - Nevada Gold Mine Property (PROP)
I. Acronyms
SELR: Current owner as described in the Offering Booklet for the PROP.
PROP: The gold-silver mine as described in the 2009 Offering Booklet.
BUYR: Buyer(s) or group of investors for the PROP.
USFS: United States Forest Service.
BLM: United States Bureau of Land Management.
United States: The federal government for the United States of America aka U.S., USA.
GOV: Any government agency with jurisdiction concerning the PROP.
GOV-REQ: GOV Requirements such as but not limited to: rules, regulations, policy, law, and/or agreements etc. Such items are to be disclosed in advance of sale.
PUB: The Public.
CTRL: Control such as but not limited to: Own, Share, Partnership, Shareholder, Time-share, Fractal Ownership, Lease, Rent, Manage, other forms of participation, whether in whole or part, whether directly or indirectly through other entities.
BIZ-ERA: Era of business operation whether current, pending, tentative, proposed, future, yet to be determined, including further development or another use for the PROP.
OP: The business Operations on the PROP such as mining.
II. Ownership
The SELR desires to maintain a 20% ownership in the PROP so as to receive partnership profit benefits for operating the PROP. SELR wants investors to have 80% ownership of the PROP and OP.
Advantages to retain SELR in ownership:
SELR prefers to create the team that will run the operations of mining, transportation, milling, smelting, refining. SELR has 30 years experience with mining in the locale.
SELR has many years of experience and maintained a high degree of trust, recognition and favor with persons public, private, corporate and government in Nevada and the USA.
SELR can also assist the sales of mining products.
SELR manages OP to comply with GOV-REQ. SELR knows GOV-REQ.
If a BUYR desires to buy 100% of the PROP, then there will be strict, irrevocable stipulations in agreements that require:
1. BUYR assume full liability for satisfaction of adhering to compliance to jurisdiction by GOV.
2. Indemnify and hold harmless SELR from any infraction or violation of GOV-REQ caused by operations of/to/for the PROP.
3. BUYR will assume the existing bond with GOV for the PROP and adjacent vicinity.
4. BUYR will pay for all costs to restore damage to PROP or any land affected by operations on/for/to PROP.
5. BUYR will pay for all costs to protect and if necessary to restore SELR reputation with GOV.
6. BUYR will pay for all costs to protect and if necessary to restore SELR reputation with PUB.
7. The current SELR does not want to sell property to anyone who is prone to transgress items 1&2 in this section, since the SELR will CTRL other areas in the mining district for a life-long term and wants good neighbors for good business during a long term.
8. The SELR prefers that BUYR is a private business entity who will participate with him in the operation. The SELR does not want to sell PROP to a mining corporation, nor public corporation.
Final agreement between SELR and BUYR shall be created by the SELR’s attorney.
III. Service Fees to Promoters and Facilitators for the Sales of the PROP
- 3% of Gross Sale of PROP to parties representing the BUYR (BUYR-REP).
- 3% of Gross Sale of PROP to party representing the SELR in a Limited manner (LREP).
- Ancillary Fees, facilitator services such as for personnel required by Law to transact a sale of PROP such as but not necessarily a Real Estate Broker, Escrow Agent, such fee(s) will be split evenly between parties in the transaction(s) unless there are norm standards where such and such fee is paid by only one party. Ancillary Agents shall be researched, discussed and approved by all parties before an Ancillary Agent is granted permission to commence and complete their work as required by GOV.
GOV-REQ are to be made known to all parties of this agreement with ample time to read and understand GOV-REQ before decision, signature and/or payment is required of party responsible to render decision, signature and/or payment. A general list of such items and where to find the text of such requirements should be made known well in advance of the legal sales agreement rendered by legal representatives such as attorneys and real estate brokers.
- Advisor, Attorney, Legal, Counselor, Assistance, Consultant fees are paid by the parties that need or want those services; such fees are not required to be shared by other parties in this agreement.
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