We are pleased to announce that we are in final negotiations to buy a new gold mine in Arizona, USA.
The mine has not been worked before, and is in the center of a large area of rich in gold deposits with a long history of successful mining on surrounding land. This mine was owned by Newmont mining for some time, the number 2 gold mining company in the USA, who sold it as it was far away from their core business mining production and therefore hard for them to manage the logistics of HR.
It comprises of one square mile of mining land (640 acres) right in the heart of traditional shallow and level placer mining country. The proven reserves add up to more than $2 Billion USD in finished production value, that is easily mined from gravel dirt with low costs and fast returns.