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Shayne Heffernan is an Economist, Trader, Fund Manager and Venture Capitalist based in Asia. He also serves as Editor and contributor at www.livetradingnews.com, Founder of The Heffernan Group and currently building the company's financial services business in China. Major shareholder and CEO... More
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  • Arizona Produces Huge Gold Reserve 0 comments
    Jul 14, 2011 1:03 PM | about stocks: VGCP

    Exclusive Interview with Micheal Mitsunaga – President, CEO and DirectorArizona Gold and Onyx Mining Co PINK:VGCP

    Arizona Gold and Onyx Mining Co PINK:VGCP is pursuing exploration and development on its polymetallic property, known as the Mayer Project, located in Arizona, the leading mining state in the U.S.A. Initially, the Company intends to commence production of high grade onyx from a large deposit on the property and to also investigate the occurrences of Gold, Silver, Platinum Group Metals (PGMs) and Copper that have been discovered on the property.

    While a variety of onyx occurs on the project, the largest portion of the deposit consists of rare and beautiful “Honey” onyx, widely used in kitchens, baths and in many other interior and exterior décor. As well, pure black onyx coveted by the jewelry trade and other high-end users, and commanding a premium price in onyx markets worldwide, occurs on the property.

    With rising demand and prices for high quality onyx, as well as for precious and base metals globally, Arizona Gold and Onyx is enthusiastic that its Mayer mining project in Arizona represents excellent potential and a compelling opportunity for profitable minerals production during the new global paradigm of the 20th Century in which mineral commodities are the foundation for economic growth.

    What is the VGCP Estimated Reserve Today:

    Currently, VGCP’s estimated reserves are: $238 Million of onyx, and $18.7 Million of gold. These reserves do not include other precious metals, such as silver or copper.

    What do you expect in reserves by year end:

    Due to probable acquisitions, the estimated projections by the end of 2011 are: $1 Billion in onyx and between 18M and 24M ounces of gold. These projections do not include other precious metals, such as silver or copper.

    Is funding in place for production:

    The Company is has funding for our needs on an ongoing basis.

    When will the company be producing Gold:

    Aggressive estimates have the Company producing gold by year’s end; conservative estimates put production out nine months to one year.

    What $ value do you put on the Onyx reserves:

    Current value of the onyx reserves is $238 Million.

    When will Onyx production begin:

    Onyx production is estimated to begin somewhere between twelve and eighteen months.

    Where are the Gold Sites:

    Currently, VGCP has the right to gold deposits in Arizona near Flagstaff at its Mayer Mine. VGCP is also reviewing two separate acquisitions in Arizona and Nevada. In the event that the Company is able to finalize either mine, the gold reserves would jump to between 18M and 24M ounces of gold reserves.

    What Exchange are you aiming for:

    The Company needs to be at least on the Bulletin Board, but preferably on a main board in the USA.

    What is the news regarding drilling, testing:

    After the finalization of the imminent financing, drilling and testing will begin immediately. Estimates are that the drilling and testing will take between ninety and one hundred eighty days to complete.

    www.livetradingnews.com/arizona-gold-and...

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