Kelcord Receives Special Use Permit
Houston, TX --- Kelcord International, Inc. has received approval notification from the Washoe County, Nevada Planning Commission for its SPECIAL USE PERMIT in conjunction with its Duck Flat Mine, Swede Claim No 01 located in Washoe County, Nevada jurisdiction.
The Duck Flat Mine is an open pit, gold and other percious mineral mine located in northwestern Nevada. Kelcord International, Inc. holds exclusive rights to over eleven (11) million tons of head ore located in the Swede Claim. This head ore is warranted by contract with the Nevada Mining Trust to contain a minmim yield of 1.5 troy ounces of gold per ton of processed head ore, exclusive of all other precious minerals identified in the assayed deposit.
David A. McHam, Kelcord President said: "we are pleased with the permitting authorization. Our next step is final approval from the BLM (Bureau of Land Management), which we expect within the next several weeks. At that point, we are cleared to begin moving head ore from the site for processing. That has been and will continue to be our primary focus."
Let's see, 11,000,000 ton X 1.5 oz/ton = 16,500,000 oz of gold. Gold is worth around $310 per oz, so the total book value would be $5.115 billion. Either this stock is the most under valued stock in the world, or .....
ajs |
