| Historic Costa Rican Gold Mine (L345) |
| within 2-3 hour drive of San Jose |
| x |
| • Gold discovered in the 1850's virtually no gold extracted since the 1970s |
| • Grandfathered concession pays no government royalty |
| • Title to mining concession held free and clear by owners |
| • Narrow vein mine = low operating and capital costs = high profit margins |
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• Projected gold production and revenues in 60 days after equipment sourced (Q3 2008) |
| • Projected profit & investor dividend in the following quarter (Q4 2008) |
| • Costa Rican management encompasses local geological knowledge, assaying, mining, milling, refining, and regulatory compliance. |
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| Proven 82,000 ounces |
| Possible 500,000 ounces |
| Potential 1,875,000 ounces |
| (Note: Definitions pre-date current SEC definitions so are NOT equivalent or up to such standards with spaced core drilling results, but by certified geologists of the time, to indicate their opinions and assessments.) |
| x |
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| Seeking US $500,000 to recommence mining operation throughout property. Quick payback and equity can be offered as the company has little debt and a very attractive valuation prior to high cash flow and constant profits. |
This historic gold mine was discovered in the 1850's and worked sporadically by various owners until about 1940. Since at least 1972 mining on the property has been negligible. Most of the property's previous mining (an estimated 490,000 ounces of gold) was near the surface using primitive techniques and averaged 1.4 ounces of gold per ton of ore. This is one of the highest production yields in Costa Rican history. These vein structures are estimated to go down as far as 300 feet below the water table.
This mining concession is grandfathered under the old Costa Rican mining laws and exempt from paying a 20% mineral extraction royalty, as other mines must do (i.e. higher margins for the investors). It is easily accessed by car and is only a few hours from San Jose. It is located in the famous Montes De Oro (mountains of gold) mining region. The mining concession and mill site are wholly-owned by the company and the concession is acknowledged and in good standing with the Costa Rican government. The company is seeking equity financing of US $500,000 to recommence mining. State-of-the-art narrow vein mining methods will be used to maximize gold yields and minimize production costs. The project has successfully completed initial trial runs at an outside mill. Surface landowner easement and gold security are budgeted and included in our start up planning. The company expects gold production revenues to start very shortly (Q3 2008).
Cash flow within Year 1 projected to self-finance the mining and milling operation as well as immediately generate dividends. The company is first refurbishing the existing ball mill to 50 t/d to start gold production and seeking its highest ore grades to compliment this start up tonnage. Thereafter, with operating cash flow, mining and milling will expand rapidly towards other known gold vein systems.
The company has an extensive "miner endorsed" business strategy and and video of the property available on CD-ROM. A detailed 12-month budget for 2008 is available.
If you have ever wanted to own a part of an historic gold mine and participate in a high profit potential opportunity in a beautiful Costa Rican setting, this is your chance.
Costa Rican Gold Mine
click here to see 1999 - 2000 video
of former gold mill producing a gold bar
