Thursday, December 10, 2009

SELLING AT 10% OF RESOURCE ESTIMATE - GOLD & SILVER MINING PROPERTY & FOLLOW VEIN IN SOME NEIGHBOR PROPERTIES, PROJECT GOALS

SELR is to maintain a Working Interest of 20% ownership to be the Operator (SELR-OP) in partnership with 80% investors.

PROJECT GOALS
Low Overhead Basis - anticipate US$2m to start production: Dig out the high grade au-ag (HGGS) outcrop to 150 feet deep with bulldozer, then tunnel upto 8'W x 12'H for length of HGGS in property for 2-3 years during which make plans to excavate the upper zone of dissemimated deposit by open pit to heap-leach to mill. At midpoint, approx 1.5 years, consider if it is best to dig open pit down to lower zone of HGGS that has an approx bottom of 620 ft deep that would include both zones upper and lower, disseminated and HGGS in one operation of open pit.

The first year of operation would also include careful analysis by SELR-OP with exploratory drilling and experimental milling-metallurgy for approx 6 months to best understand the mineralogy and how to liberate in the most economical manner the precious metals of gold and silver plus mercury.

The sale of this offer is based on the 159koz+ of gold resource by SELR exploratory drilling prgrams further described in further in this blog and emails with attachments. The 159koz+ Au resource is the basis for beginning the operation to discover what is the value of the HGGS. SELR believes the HGGS could produce gold, silver and mercury significantly in excess of the valuation for the 159koz+ Au.

Existing bond with GOV is for 400-500 thousand US$. As production increases so will the price of bonding. Prior to commencing production of the upper zone, a bond for US$1 million paid in cash is needed for the heap-leach operation of the disseminated deposit, approx 250-200 deep with surface outcrops,

SELR's mill is already bonded.

HGGS processing circuit is different and separate from disseminated deposit:
Wash Plant, sulfides go to a gravity and flotation separators.

Crystals of gold and mercury have a higher value than the components, thereby separate processing.

SELR desires to do business only with BUYR that will perform.

Earnest money will be handled by the SELR's mining attorney.

Developing the adjacent 16 mile length by 1.5 mile width (8,000 acres) in the Mining District controlled by the SELR may take 17 years. SELR is wanting the investors of the initial operation to continue in successive operations of what may exploit several bonanzas. Hence the SELR wants Good Neighbors for future Joint Venture Projects in the local trend.

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