An OTCPicks.com Corporate Profile Strategic Mining Corp.
Company Overview
Strategic Mining has targeted a major gold property in Guinea. West Africa is one of the fastest growing regions for gold production second only to Russia. Strategic has acquired the mining rights to this property, which consist of 103 sq. km. in the Siguiri region.
Strategic's geological consultants in Guinea have worked with a world-class mining company in the Siguiri region for over 10 years. They have outlined the area for acquisition for Strategic's joint venture partner and have prepared a work program to further explore and develop the property.
Strategic Mining is poised to systematically apply advanced exploration and development technologies to quickly begin to bring the rich alluvial deposits into production and thereby create a positive cash-flow opportunity in its first year of operation. Simultaneously, the company plans to do a feasibility study to prepare to bring the hard rock deposits into production.
The acquisition of Siguiri gold concession serves as a platform to engage in an under-explored region that has proven geology and production by other adjacent world class mining companies and to give a strong indication of competitive return on investment.
The company has completed negotiations to acquire mining interests for a gold property located in Nevada and Utah. Our technical team is currently reviewing the geochemical and field reports from recent exploration work compiled by Arnevut Resources Inc. based in the Denver area.
Strategic Mining has also entered into an agreement with Ba Dinh Mineral Company, a Vietnamese mineral exploration company based in Ho Chi Minh City, to evaluate and report on known high grade gold deposits located in North Vietnam.
Strategic Mining will apply environmentally sound mining practices while promoting sustainable social relationships and responsible corporate governance.
Investment Highlights
The company, under new leadership, is poised to make a direct move into advanced project work, including actual mine production.
The company is advised by a team of leading geological experts.
The company has a potentially huge opportunity to create immense shareholder value while simultaneously garnering the reputation as an international vanguard mining company.
The company will benefit from the rise of gold to over $1000 per ounce, due to the fact that: 1.) the demand for precious metals is
increasing at a faster pace than the mining industry can supply; and 2.) until US economic conditions stabilize, gold will continue to be purchased as a hedge against inflation.
The Company is positioned to bring into production one property within the next 6-8 months.
Company Chart
Here's what we are seeing with SMNG's chart...
• Recent volume expansion suggesting heavy accumulation
• The stock has recently crossed above the 13 and 50 day moving averages
• The stochastics, while overbought, can remain overbought for an extended period of time while the stock is in a strong bullish trend
• The MACD is trending higher and just recently crossed above the zero line suggesting a bullish move.
Take a quick look at SMNG and do your homework on it quickly as we think this one might be primed to take off quickly.
Gold Prices
Bloomberg (August 6) - Gold Prices Extend Rally as 'Odious' Dollar Drops Versus Euro
Gold futures rose, extending the longest rally since November, as the dollar dropped against the euro, boosting the appeal of the precious metal as an alternative asset.
The greenback fell as much as 1.1 percent after a payroll report signaled the U.S. will be slow in recouping jobs lost in the recession. Gold reached a three-week high. Before today, the metal increased 9.4 percent this year, climbing to a record $1,266.50 an ounce on June 21.
"The dollar is getting odious compared to the euro, which was the rankest thing around in the first half of this year," said Frank McGhee, the head dealer at Integrated Brokerage Services LLC in Chicago. "If the Fed has to do something more accommodative to spur the economy, you're going to see an explosive rally in gold."
Gold futures for December delivery rose $9.80, or 0.8 percent, to $1,209.10 at 12:07 p.m. on the Comex in New York. The metal headed for the eighth straight gain, the longest rally since November. Earlier, the price reached $1,213.30, the highest level for a most-active contract since July 15.
The euro rose to a three-month high against the dollar.
'Flee the Dollar'
"It is now widely accepted that the continued domestic weakness will cause the Fed to significantly expand stimulus efforts through so-called quantitative easing," Peter Schiff, the president of Euro Pacific Capital in Darien, Connecticut, said in a report. "It's a strong signal for traders to flee the dollar."
The Federal Reserve has kept its benchmark interest rate at zero percent to 0.25 percent since December 2008 to revive the economy. The European Central Bank yesterday kept its main rate at 1 percent. The Fed's next decision on interest rates is Aug. 10.
Gold priced in euros also reached a record in June amid Europe's sovereign-debt crisis. The metal has historically moved in tandem with the euro as an alternative to the dollar.
"The positive correlation of gold prices to the euro is re-establishing itself," Deutsche Bank AG said in a report. "Given our bearish outlook for the dollar, we believe this will trigger further gains in the gold price."
The bank forecast gold will average $1,275 in the third quarter.
Silver futures for September delivery rose 16.9 cents, or 0.9 percent, to $18.49 an ounce on the Comex.
Platinum futures for October delivery fell $2.50, or 0.2 percent, to $1,570 an ounce on the New York Mercantile Exchange.
Palladium futures for September delivery declined $7.50, or 1.5 percent, to $488.55 an ounce.
Recent SMNG News:
August 6-
Strategic Mining Announces Completion of New Field Office and Buildings for Gold Property in Vietnam
Strategic Mining Corp. (Pink Sheets:SMNG) announced today the completion of a new field office on the Nat Son gold property in Vietnam. Buildings for large equipment storage and workers housing facilities were also completed.
Strategic Mining has been working diligently to have the infrastructure ready for the commencement of drilling operations and future mining activity on the property. The drill program is targeted to begin in October of this year.
President, Todd Sterck commented: "We are excited about the early completion of our new buildings. With the infrastructure in place, the company is in an ideal position to initiate our drill program this fall."
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
Disclosure: OTCPicks.com and affiliates are being compensated ten thousand dollars by a third party for SMNG advertising and promotional services.
The Siguiri Permit acquired is located in south west of the prefecture of Siguiri, north east of Guinea, West Africa.
The permit has an area of 103 sq. km. and is located approximately 50 kilometers to Siguiri town (some 50,000 inhabitants) and 800 kilometers to the capital Conakry.
The permit is located on the northern rim of the Siguiri sedimentary basin. This region has been extensively explored over the past 50 years and most recently by Bassat and Dommanget (1986), Millesi and Al (1989) also the geologists of SAG Phil Davies and Smith in 1995.
The region is underlain by the fine grain sediments of lower proterozoic in age and compromise a sequence of intercolated grewackes, mudstones, shales, philites and sericite shistes that are generally steep dipping and strinking N-S to N-E. It is bounded to the north by Cambrian platform sediments, to the south by a late Archean shear belt and to the east by Eburnean granite.
Two dominant structural orientations are NNE and ENE, as evidence from air photo, land satellite and aeromagnetic interpretation. Quartz veining and late stage dolerite dykes predominate in the NW and ENE orientation.
The May 2006 exploration campaign conducted by Gold Coast's president and chief field geologist uncovered several interesting gold anomalous zones from the regional laterite rock chip sampling. It was recommended that an infill exploration program be undertaken to define the characteristics of the gold mineralization of the permit area.
Geology
The company commissioned geologist, Hendrik Veldhuyzen to complete a 43-101
( Competent Person’s ) report. The field work was completed at the end of 2006. His 2007 report classified the Siguiri concession as a "Property of Merit" warranting further exploration for both alluvial gravels and for hard rock vein systems.
The greenstone belt of Guniea have had a long history of placer gold mining and prospecting. These greenstone belts are considered to be the remnants of ancient sedimentary and volcanic rocks, which have been strongly metamorphosed. Similar greenstone belts sequences around the world (for example South Africa, Canada, Brazil, India, and Australia) are commonly mineralized with gold, silver and hematite iron ore. Major gold deposits in these worldwide greenstone belt sequences are common.
To View more information and technical report on Siguiri Project CLICK HERE
Vietnam: Nat Son
Strategic Mining has also entered into an agreement with Ba Dinh Mineral Company, a Vietnamese mineral exploration company based in Ho Chi Minh City, to evaluate and report on known high grade gold deposits located in North Vietnam.
Ba Dinh Minerals, JSC, was formed under the laws of Vietnam in 2009, to engage in gold exploration and mining in the Hoa Binh province of Vietnam. The company has exploration and mining permits issued by the government of Vietnam for gold and other metals on 40 hectares (currently expanding to 198 hectares) in the gold rich province of Hoa Binh located in northern Vietnam. The Company requires $5,000,000 for operational costs and equipment to bring the property into production.
Project Overview
The Nat Son exploration property is located in northern Vietnam in a position approximately 50km SW of Hanoi. Exploration interest in the property is based on the presence of gold-silver bearing quartz-arsenopyrite veins which are exposed at surface and within rudimentary underground mine workings. The veins are now known to extend well beyond the current property boundaries and have been examined and sampled over a strike length of 4.0 km.
Mineralized veins on the Nat Son property occur in two distinct sets; an apparently dominate ENE set and a secondary N-S set. The ENE trending veins dip steeply NW while the N-S set appear vertical. Both sets of veins are hosted in a complexly faulted and pervasively altered sequence of Triassic age clastic sedimentary and volcanic rocks. This host sequence has been intruded by irregular bodies of feldspar porphyry andesite. The spatial association of the intensely kaolinite-sericite altered andesite plugs with areas of more dense quartz vein and quartz stock work formation strongly suggests that the andesite intrusives are important in the localization of mineralization at Nat Son. Heat from the andesite intrusions would have created and driven hot, hydrothermal circulation through the Triassic rock package, resulting in the observed alteration and precious metal mineralization.
Compiled regional geologic data strongly suggests that the timing of andesite intrusion, alteration and gold-silver mineralization, is mid Tertiary and coincides with a period of strong extension in the region. The geologic setting of precious metal mineralization at Nat Son is typical of epithermal style mineralization. Dozens of worldwide examples of productive districts with similar geology could be cited.
The completed work at Nat Son provides the basis and indicates the need for a detailed drill program to test the subsurface potential of the property. Importantly, both vein and wall rock mineralization are indicated to occur at Nat Son. Wall rock mineralization away from the veins suggests that an open pit mine scenario is possible. The moderately steep hillside topographic setting of the property appears to be very favorable for open pit mining.
Gold Deposits in the Area
Hoa Binh Province is located along a fault zone that historically was explored and mined by the French before 1954. There has been no private exploration in the province since; however, the Vietnam Geological Department has completed an extensive sampling and mapping program. Ba Dinh Minerals has acquired the detailed provincial reports and maps showing several large gold bearing areas in close proximity to the Nat Son Property. Several nearby deposits on the same fault zone grade as high as 92 grams per tonne Au.
Accessibility and Infrastructure
The roads are very well maintained asphalt highways leading to the local villages from Hanoi. The dirt road from the village of Lien Son to the property has been improved to a wide gravel road by the provincial construction crews. New roads have been constructed throughout the property in preparation for implementing the Reserve Development Program.
In late 2009, Ba Dinh Minerals constructed several new buildings for crew housing, cooking and core analysis and storage. Water is available onsite from several flowing artesian wells and has been routed to the building complex. Three phase power is available nearby from the Dien Luc Tinh Hoa Binh power company.
Exploration Status
Ba Dinh Mineral commissioned Hassan Alief to prepare a NI 43-101 on the Nat Son property in mid 2009. His report stated the Nat Son project was a “Property of merit” and further exploration work was advised.
In November 2009, Bob Marvin completed a geological property evaluation report. This report was based on an extensive surface and trench sampling program. Based on the data collected, Bob Marvin prepared maps on the property’s geology and recommended a 13 core hole drilling program.
Regional Geology of the Nat Son Area
The geology of the region SW of Hanoi is well displayed on an excellent quality 200k scale map published by the Department of Geology and Minerals of Viet Nam. Three dominate features are apparent on the map:
1. The Hanoi-Red River grauben trends NW through the area. The grauben is a down dropped area bounded by normal faults. The down dropped area is filled with recent age sedimentary rocks. The grauben extends NW into the western portion of the Yunnan province of China. The Red River is trapped within this mid-Tertiary age structure.
2. A domal uplift occurs in the SW portion Province. This uplift exposes Proterozoic age metamorphic rocks in the core and is rimmed by progressively younger rocks which dip away from the core. This dome feature has the characteristics of a metamorphic core complex (MCC), essentially a thermal blister. The dome is likely related to the mid Tertiary age extensional event that produced the Hanoi grauben. Other MCC domes have been clearly documented in the region immediately NW of where the Red River crosses the border in China.
3. The Nat Son project, and other known zones of gold mineralization in the region, occurs between the grauben and the extensional dome is area of highly faulted and tilted Triassic age rocks. These rocks underlie the Nat Son property and consist of a series of volcanic rocks which are overlain by a series of conglomerates, sandstones and siltstones. These rocks dominantly dip moderately to the SW, towards the MCC. The dip geometry strongly suggests that a detachment fault underlies the Nat Son area and represents an additional target for gold exploration.
Hydrothermal Alteration of Rock Units at Nat Son
All rock units mapped in the central area of the Nat Son property are strongly to intensely altered by hydrothermal fluids. The alteration is argillic and consists of mixture of sericite, kaolinite and pervasive quartz. Argillic alteration is a common result of the hydrothermal fluid circulation which occurs during the formation of epithermal style precious metal deposits.
It is encouraging that the alteration is pervasive and occurs for 10’s to 100’s of meters away from the mineralized veins. The alteration is particularly well developed in the conglomerate and sandstone units where intense argillic alteration is commonly accompanied by the development of mm-scale quartz veinlets.
Anhydrite veining has been noted over a wide area at Nat Son and beyond. Ankerite is calcium sulfate mineral that is commonly found in and around and above precious and base metal porphyry deposits. The timing of anhydrite veining is clearly early at Nat Son as later, mineralized quartz veins over-print and replace the ankerite.
The well developed sericite-kaolinite-quartz alteration at Nat Son covers an area of at 2.5 to 3.0 km2 and is open on the east, west and south. This alteration envelope contains four overlapping zones of gold-silver mineralization.
Drill Targets and Other Surface Work
The results of the exploration work completed at Nat Son in October and November indicate the presence of economic gold and silver values in poorly explored quartz-arsenopyrite veins on the property. In addition, highly mineralized, arsenopyrite rich breccia boulders recovered from caved underground workings indicate the presence of a second style of economic grade mineralization. The results fully justify following the recommended drilling program outlined in the geochem and property evaluation report. Thirteen diamond core holes are recommended, totaling around 2500 meters of drilling. Success in the drilling is likely and could result in the need for over 5000 meters of core drilling in the Reserve Development Program.
Trench Sampling
The November 2009 trenching operation was an exploration effort to uncover an old gold production adit which was reported to occur in the area. The adit had reportedly caved during mining operations after production of approximately 4,000 oz. of gold. The adit was found and is in fact severely caved. The dig was continued to attempt to open the adit beyond the caved portion.
Very important data was gained from the trenching as meter-scale boulders of intensely mineralized breccia where found in the caved workings and, more importantly, in place mineralization within highly altered siltstone was exposed. The in place mineralization consists of arsenopyrite stock work veins and veinlets within the altered siltstone host. It is likely that this stock work zone represents the edge of a stronger mineralized zone within the deeper, non exposed portion of the siltstone.
Samples of the highly mineralized boulders from the caved underground working have returned gold values from 10.1 g/t to 47.3 g/t and silver values from 10.7 g/t to 186 g/t. These assay values point to the existence of a highly mineralized vein breccia zone within the hillside explored by the caved adit. The reported past production of 4,000 oz gold from oxidized portions of this zone are fully supported by the evidence found during the trench sampling program.
This zone represents an important drill target as it shows evidence of high grade mineralization that is flanked by additional mineralization hosted within well altered horizons of host rock. It is likely that a strong vein system will be found to be the source of the mineralizing fluids that have invaded the siltstone host rock exposed in the trench. It is also likely that the mineralizing fluids will have invaded additional receptive horizons within the host stratigraphy at Nat Son.
Nevada / Utah: East Canyon project overview
The company has completed negotiations to acquire mining interests for a gold property located in Nevada and Utah. Our technical team is currently reviewing the geochemical and field reports from recent exploration work compiled by Arnevut Resources Inc. based in the Denver area.
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
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Mr. Sterck has been engaged with mining and international business for over 20 years. He has senior management experience in several US based exploration companies and has served as a director in two Vietnamese based companies. Mr. Sterck has in depth knowledge of US mining laws plus extensive experience in foreign mining regulations and procedures.
James Spence Stewart – Director
Mr. Stewart (BA, LLB,QC) is an attorney who has worked 20 years as litigation counsel, 10 years as civil and criminal counsel to the Attorney General of Ontario and Canada; 5 years as Secretary & General Counsel to a large development firm, and was appointed to the Queen’s Counsel.
Ian Lambert – Director and Corporate Secretary
Mr. Lambert has over thirty-nine years of experience in the management and financing of public companies and over nineteen years with a publicly traded Canadian mining company. Mr. Lambert’s broad exposure to a wide range of business activities includes experience in oil and gas development, marketing, manufacturing, and precious metals and mineral exploration and development. His strengths are in the areas of corporate restructuring and strategic planning, regulatory compliance with both the SEC and Canadian regulatory authorities, public financing arrangements and investor and institutional liaison activities.
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
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DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. You are receiving this email because you have registered on OTCPicks.com or one of our affiliate companies.
The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any company profiled based solely on information contained in our reports. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.
Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.
Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company's most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements. We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company's plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related public information sources which we believe to be reliable but we cannot guarantee the accuracy of the information. To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information). We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.
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The company commissioned geologist, Hendrik Veldhuyzen to complete a 43-101
( Competent Person’s ) report. The field work was completed at the end of 2006. His 2007 report classified the Siguiri concession as a "Property of Merit" warranting further exploration for both alluvial gravels and for hard rock vein systems.
The Nat Son exploration property is located in northern Vietnam in a position approximately 50km SW of Hanoi. Exploration interest in the property is based on the presence of gold-silver bearing quartz-arsenopyrite veins which are exposed at surface and within rudimentary underground mine workings. The veins are now known to extend well beyond the current property boundaries and have been examined and sampled over a strike length of 4.0 km.
The results of the exploration work completed at Nat Son in October and November indicate the presence of economic gold and silver values in poorly explored quartz-arsenopyrite veins on the property. In addition, highly mineralized, arsenopyrite rich breccia boulders recovered from caved underground workings indicate the presence of a second style of economic grade mineralization. The results fully justify following the recommended drilling program outlined in the geochem and property evaluation report. Thirteen diamond core holes are recommended, totaling around 2500 meters of drilling. Success in the drilling is likely and could result in the need for over 5000 meters of core drilling in the Reserve Development Program. 