From WGDF MD&A. Quite a deal to generate income and mitigate reclamation costs:
<During its ownership of the Mesquite Mine, Hanson Natural Resources, a prior operator of the mine, entered into an agreement with the County Sanitation District of Los Angeles County, which then developed and permitted a plan to create a 100 year landfill at the Mesquite Mine that when completed is expected to be the largest residential waste disposal in the United States.
Waste is expected to be dumped on lined pads on the pediment commencing in an area to the southwest of the Mesquite pits, ultimately including the southern sections of the leach pads. The waste dumps can utilize much of the material mined at Mesquite as liner and seal. Each cell of the landfill is expected to be sealed as it is completed.
Under the agreement with the County Sanitation District of Los Angeles County, the Company has the right to explore, mine, extract, process, market and sell ore, and otherwise conduct mining and processing activities, anywhere on the property for an initial period through 2024 with automatic extensions until 2078. Much of the infrastructure at the property is likely to be retained by the landfill after mining operations are completed and the Company has met certain reclamation standards. Landfill operations are not expected to begin until 2008.>
Nice Drill program:
<Drilling Program at Mesquite Mine
Subsequent to the announcement of the results of the feasibility study on August 9, 2006 the Company entered into a contract valued at $1,723,000 with Layne Christenson Company, a contract drilling company, to explore for and develop a potential sulfide gold resource at the Rainbow East and Vista East areas of the Mesquite property. The program involves 70 to 100 holes and the estimated footage for the program is 60,000 to 80,000 feet. The program is ongoing and results are not yet available.>
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