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Advanced gold exploration
property consisting of 4 Patent Claims located approximately 325 km North of Red Lake, Ontario close to the Manitoba border. The area is
renown as the worlds capital of best gold. Access to the property is by float plane and by winter road. Significant underground development already
done includes a 425 feet, 3 compartment shaft and drifting on 3 levels with each tunnel exceeding 650m in length. Inactive since 1988.
Complete historic report is available upon request.
A recent report from December 1998, confirms that the claims surely "show a great economical potential for gold mineralization"
(copy available by request) As an example this property shows reserves consisting of 2 million tons of gold at
$270 US per once. A total of $270,000,000 US or $400,000,000 Canadian.
Ample surface facilities are available including accommodation, warehousing, 2 generators, complete hoist and auxiliary
equipment, 5 thousand tons of stock pile, $200,000 worth of BC fur and trailers with electrical panels.
Combustibles on the site include 240,000 gallons of diesel fuel in lined
barrels A list of the complete inventory is available upon request.
A feasibility study reported that one hole collared at - 56 DIP INTERSECTED 9.5 OUNCES OF GOLD PER TON OVER 5.0 FEET (929.88-934.8 FEET DOWN HOLE) - WILSON 1987
The property was purchased in 1973 for $1,500,000 and in all more than
$25,000,000 has been invested. Asking
Price: $700,000.00 US Negotiable. Make an offer!
Note: Reduced from $1,400,000.00 US. REFERENCE
#1899 AC(C1635)
30 (O) |
