He was then away, looking after his interests in some mining property
which he possessed in America.
It is a unique mining property
, and based on previous testing and assaying results, may well comprise some of the largest known deposits of certain strategic metals.
Bill Hennessy, president of Strike Minerals, which owns mining property
near Wawa, has experienced the hardship these companies have faced first hand since the Bre-X fiasco and the years of falling gold prices.
Sparrowtech's independent geologist, Larry Sostad of Vancouver, British Columbia, travelled to the Porvenir mining property
in Southern Ecuador to inspect the mine and prepare a detailed geological report.
USCorp is a gold exploration company with operations centered on completing exploration of its mining property
known as the Twin Peaks Mine in the historically famous Eureka Mining District of Yavapai County, Arizona, and mining property
known as the Chocolate Mountain Region claims in the equally famous Mesquite Mining District of Imperial County, California, U.
USCorp is an "exploration stage" company with operations centered on completing exploration of its wholly owned subsidiary USMetals' mining property
known as the Twin Peaks Mine, and its wholly owned subsidiary Southwest Resource Development's mining property
known as the Chocolate Mountain Region claims.
Luciano stated that, "We decided to hold the mining property
as an investment, which considering the increase in precious metal prices, has proven to be a prudent decision.
If the values of the random assays are consistent throughout the mining property
then we have an economic precious metals mine.
The mining property
is located mostly in the Pataz Batholith, a highly prospective geologic region that hosts a number of producing long-life mines.
The acquisition is subject to majority shareholder approval and completion of USCorp's due diligence on IERI and the mining property
recently acquired by IERI.
To qualify as a targeted acquisition, a mining property
must demonstrate: a minimum of three years historic operations with positive cash flow; low cost production as a defense against lows in the market cycles; potential for expandable mineral reserves and the ability to increase production and cash flow through modern mining techniques.
OTCBB:ECPN) said today that in response to numerous inquiries, it is providing preliminary assay results recently completed on the El Capitan mining property
in Capitan, New Mexico.