Lightning, Now to continue.
DAKOTA MINING CORPORATION
"Outline of Merger"
Dakota Mining Corporation and USMX, INC
1997 (excerpts-30 page booklet)
MAJOR MERGECO PROPERTIES
Gilt Edge----------So. Dakota------Producing----------100% Ownership
Stibnite-------------Idaho-----------Producing----------100%
Illinois Creek-------Alaska----------Producing----------100%
Thunder Mtn-------Idaho-----------In Development-----100%
Yellow Pine--------Idaho-------Exploration/Develop-------50%
Ophir--------------Alaska----------Exploration--------100%
6 Mexican Projects-Mexico--------J.V. Exploration--35-100%
Zamora Project-----Ecuador---------Exploration--------100%
Mergeco Production Projections:
1997---------150,000 oz. approx.
1998---------200,000
1999---------190,000
2000---------190,000
(My note: recent corporate gold production costs were stated to be
$240.00 per oz. 1998 production was less than 40,000 oz ???)
MERGECO PROVEN/PROBABLE GOLD OXIDE RESERVES
-----------------------------------Grade-----Strip-----Contained
--------------------Tons--------Opt AuEq.--Ratio-----Ounces Gold
lllinois Creek-------6,800,000-------.064------2:1-------442,000
Thunder Mountain-5,300,000-------.047------1:1-------250,000
Gilt Edge----------7,700,000-------.029------1.7:1-----223,000
Stibnite-------------1,240,000-------.040------1.2:1------49,000
TOTAL---------->>21,040,000----------------------->>>964,000
MERGECO DRILL INDICATED
GOLD SULFIDE MINERALIZATION
Gilt Edge-------45,150,000-------.038----------3.0:1----1,712,000
Stibnite----------4,200,000-------.052-----------Unk.------218,400
Yellow Pine J.V.28,150,000------.060-----------Unk ----1,700,000 **
**Dakota 50% ownership
---next post---->>MERGECO SELECTED FORECASTED FINANCIAL DATA
(1997 - 2000)
STANDBY -more stuff soon.... it gets better!!!!
I'll title the next report:
"PROJECTIONS TO THE MOON --- DKT $45.00 OR BUST!!!" |
