Post by fastwalker on Aug 16, 2004 0:17:25 GMT -5
;D Hey guys, these are excerpts rrlevent to the companies comiongh under the CMKX umbrellas...here for your edification... 
The COD mining claims are comprised of rights to assets including "tailings" and "Settlement Ponds." "Tailings" is a term of art that refers to waste generated during processing of raw land for precious minerals, metals and gemstones.
Tailings may contain reasonably recoverable traces of precious metals that are valuable if further reclamation processes are carried out. "Settlement Ponds" refers to waste water generated from similar processing procedures connected to the extraction processes to obtain precious metals, minerals and gemstones. The
wastewater produced by the extraction process can be successfully re-processed to extract trace amounts of precious metals such as gold. The process of
extracting the precious metals from wastewater can take anywhere from 3 to 20
days.
El Capitan Precious Metals, Inc. holds governmental permits to conduct the extraction process that comply with both state and federal environmental laws
and regulations.
Nevada Magnetic Material, Inc. owns mineral rights to real property located approximately 100 miles south of Las Vegas, Nevada. Since it was established in 1990, Nevada Magnetic was in the business of processing raw ore into Anode Bars. This is accomplished by converting raw ore into a concentrate by sifting and otherwise processing it so that essential and valuable components of the raw ore, including gold, platinum, and silver, are changed into a transportable
form-the Anode Bar. Once developed into this form, the Anode Bars can be transported for further processing into more pure elements, like gold bullion.
Nevada Magnetic Material, Inc. possessed equipment necessary to process the raw ore into Anode Bars, but lacked the equipment to further refine the Anode Bars
into bullion. Nevada Magnetic had no active business when the Company acquired it.
Alpha Research Corporation certified Assay Reports on Anode Bars produced by Nevada Magnetic Material, Inc. at its Southern Nevada site by in November, 1989.
Those reports concluded that elements including gold, silver, platinum and Rhodium were present.
The Company's plans for Nevada Magnetic Material, Inc. are to invest money into making the operation a going concern, and to actively mine the land and produce
Anode Bars. Additionally, the Company wants to acquire the necessary equipment to further refine the Anode Bars into bullion. However, these plans are subject
to the caveats discussed above regarding the Company obtaining sufficient funding to execute this business plan.
YELLOW RIVER GOLD MINE ACQUISITION
----------------------------------
On March 22, 2004, the Company, by and through Juina Mining Corporation, acquired an 80% interest in the Yellow River Mining, S.A., an Ecuador corporation, in exchange for 5,000,000 shares of the Company's restricted common stock. Yellow River Mining, S.A. holds legal rights and claims to gold mining operations in "Provincia Del Oro" [Province of Gold] in southwest Ecuador. The area is well known for gold mining operations that have been carried on there since the 1600s. However, the present mining operations are rudimentary and much of the mining work is done by hand. Very little modern mining equipment is available or used. No aerial surveys, mini bulk sampling or full bulk sampling have occurred on the property. An independent expert geologist has not proved up
the area as a reserve or a resource. No equipment exists on site or otherwise owned or controlled by the Company, that would allow full scale development of
the mine should it satisfy all conditions precedent to it being determined to be a resourc e. Thus, in order for the Company to develop this asset, financing will have to be acquired in order to satisfy the conditions precedent for full-scale mining to occur, and there are no guarantees that the Company will obtain such financing.
On February 26, 2004, the Company entered into a joint venture agreement with CMKM Diamonds, Inc., a Nevada corporation, to conduct a airborne survey of the
fort a la Corne Kimberlite fields, including the 500,000 acres held by NevCan. The aerial survey will use a tri-axial magnet gradient to discover Kimberlite and Kimberlite pipes. The Company is one of many other joint venture partners in the aerial survey, all of whom own or have rights to develop land in the fort a
la Corne area. The aerial survey has not been completed and is a condition precedent to the Company and NevCan proceeding with further on site development that includes exploratory core sample drilling. Even if Kimberlite and/or Kimberlite pipes are located by virtue of the aerial survey, there is no
guarantee that any Kimberlite pipes actually contain diamonds without further investment by the Company into developmental testing and verification. Further,
there is no guarantee that the Company will be able to raise the necessary funding to co mplete the venture. Aside from these risk factors, other risk factors exist for the Company when it does business in another foreign and sovereign nation. The Company's operations in Canada (and elsewhere, see the discussion that follows) will be subject to the laws and regulations of the foreign sovereigns where the Company is operating. To the extent that the Company has legal disputes with foreign nationals, the procedures for resolving those disputes will be handled procedurally by the application of international treaties like the "Andean Pact" and the "Paris Convention" of 1883.
These are just a few , with more itime I'll finsh this info /database ...
The COD mining claims are comprised of rights to assets including "tailings" and "Settlement Ponds." "Tailings" is a term of art that refers to waste generated during processing of raw land for precious minerals, metals and gemstones.
Tailings may contain reasonably recoverable traces of precious metals that are valuable if further reclamation processes are carried out. "Settlement Ponds" refers to waste water generated from similar processing procedures connected to the extraction processes to obtain precious metals, minerals and gemstones. The
wastewater produced by the extraction process can be successfully re-processed to extract trace amounts of precious metals such as gold. The process of
extracting the precious metals from wastewater can take anywhere from 3 to 20
days.
El Capitan Precious Metals, Inc. holds governmental permits to conduct the extraction process that comply with both state and federal environmental laws
and regulations.
Nevada Magnetic Material, Inc. owns mineral rights to real property located approximately 100 miles south of Las Vegas, Nevada. Since it was established in 1990, Nevada Magnetic was in the business of processing raw ore into Anode Bars. This is accomplished by converting raw ore into a concentrate by sifting and otherwise processing it so that essential and valuable components of the raw ore, including gold, platinum, and silver, are changed into a transportable
form-the Anode Bar. Once developed into this form, the Anode Bars can be transported for further processing into more pure elements, like gold bullion.
Nevada Magnetic Material, Inc. possessed equipment necessary to process the raw ore into Anode Bars, but lacked the equipment to further refine the Anode Bars
into bullion. Nevada Magnetic had no active business when the Company acquired it.
Alpha Research Corporation certified Assay Reports on Anode Bars produced by Nevada Magnetic Material, Inc. at its Southern Nevada site by in November, 1989.
Those reports concluded that elements including gold, silver, platinum and Rhodium were present.
The Company's plans for Nevada Magnetic Material, Inc. are to invest money into making the operation a going concern, and to actively mine the land and produce
Anode Bars. Additionally, the Company wants to acquire the necessary equipment to further refine the Anode Bars into bullion. However, these plans are subject
to the caveats discussed above regarding the Company obtaining sufficient funding to execute this business plan.
YELLOW RIVER GOLD MINE ACQUISITION
----------------------------------
On March 22, 2004, the Company, by and through Juina Mining Corporation, acquired an 80% interest in the Yellow River Mining, S.A., an Ecuador corporation, in exchange for 5,000,000 shares of the Company's restricted common stock. Yellow River Mining, S.A. holds legal rights and claims to gold mining operations in "Provincia Del Oro" [Province of Gold] in southwest Ecuador. The area is well known for gold mining operations that have been carried on there since the 1600s. However, the present mining operations are rudimentary and much of the mining work is done by hand. Very little modern mining equipment is available or used. No aerial surveys, mini bulk sampling or full bulk sampling have occurred on the property. An independent expert geologist has not proved up
the area as a reserve or a resource. No equipment exists on site or otherwise owned or controlled by the Company, that would allow full scale development of
the mine should it satisfy all conditions precedent to it being determined to be a resourc e. Thus, in order for the Company to develop this asset, financing will have to be acquired in order to satisfy the conditions precedent for full-scale mining to occur, and there are no guarantees that the Company will obtain such financing.
On February 26, 2004, the Company entered into a joint venture agreement with CMKM Diamonds, Inc., a Nevada corporation, to conduct a airborne survey of the
fort a la Corne Kimberlite fields, including the 500,000 acres held by NevCan. The aerial survey will use a tri-axial magnet gradient to discover Kimberlite and Kimberlite pipes. The Company is one of many other joint venture partners in the aerial survey, all of whom own or have rights to develop land in the fort a
la Corne area. The aerial survey has not been completed and is a condition precedent to the Company and NevCan proceeding with further on site development that includes exploratory core sample drilling. Even if Kimberlite and/or Kimberlite pipes are located by virtue of the aerial survey, there is no
guarantee that any Kimberlite pipes actually contain diamonds without further investment by the Company into developmental testing and verification. Further,
there is no guarantee that the Company will be able to raise the necessary funding to co mplete the venture. Aside from these risk factors, other risk factors exist for the Company when it does business in another foreign and sovereign nation. The Company's operations in Canada (and elsewhere, see the discussion that follows) will be subject to the laws and regulations of the foreign sovereigns where the Company is operating. To the extent that the Company has legal disputes with foreign nationals, the procedures for resolving those disputes will be handled procedurally by the application of international treaties like the "Andean Pact" and the "Paris Convention" of 1883.
These are just a few , with more itime I'll finsh this info /database ...