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Jun. 19, 2011 9:35 PM ET
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Cary Pinkowski, CEO & Director commented, “We are pleased to have won the tender process for this land package in Badajoz, Spain. The historical data indicates that there is excellent gold exploration potential. By adding these exploration assets, in concert with the development of our flagship Salave deposit in Northern Spain, we are leveraging our Spanish exploration expertise and human resources.” second hand machinery


The La Codosera area is regionally situated on the southern boundary of the Paleozoic Center Iberian Zone, on the border with the Ossa Morena Zone. The mineralized zones and historic workings are situated within a network of quartz veins, and breccias associated with a major NW-SE trending shear zone. The gold occurs as free gold (up to 300um diameter) and associated with sulphides within shear and fracture hosted quartz veins. The sulphides are oxidized to depths ranging from 50-100m below surface.


The La Codosera area is a historic gold district in Spain, mined by Romans about 2,000 years ago. There are more than 13 outcropping gold occurrences within an area of more than 4km2 that has historically been mined by the Romans. Gold mineralization within veins and breccias are believed to be related to a regional northwest trending shear zone proximal to felsic intrusive rocks. portable gypsum recycling grinder

Inferred resources are too speculative to have economic consideration applied to them and there is no certainty that the inferred resources will be converted to measured and indicated resources.

Parameters selected for the block model validation inferred mineral resource estimate are detailed below under “Resource Calculation Methodology”. On an uncapped basis, the block model estimates are within 9.4% of the tonnage, 18.9% of the grade and 11.3% of the total contained ounces of the uncapped polygonal estimate. On a capped basis, the block model estimates are within 9.4% of the tonnage, 9.3% of the grade and 0.7% of the total contained ounces of the capped polygonal estimate. While the Author does not consider the block model the most appropriate method for this type of deposit, the results provide strong supporting validation for the preferred polygonal estimate reported above. Capping has been carried out to allow an evaluation of the effect of capping. As additional data becomes available, additional studies of statistically based capping may be required.

According to the terms set out in the Amended and Restated Rights Plan, offers that satisfy certain minimum standards designed to protect shareholder interests will be considered to be “Permitted Bids”. Specifically, a Permitted Bid must be made by way of a takeover bid circular that is in conformity with the applicable securities laws, must be made to all existing shareholders of the Company, must be outstanding for a minimum period of 60 days, and must satisfy certain other conditions. Gold Mining Equipment

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