MINES FOR SALE

THE GREYHOUND MINE           - - - -            EXECUTIVE SUMMARY

Location:  Near Black Canyon, Arizona.  BLM and State Land with Federal Mineral Rights

Ore Reserves:  Mineral Reserves: 4,941,123 ounces AU

Valuation: US $7.4 Billion at $1,500 per ounce

Cash Flow:  Annual net profit projected at US $180 Million at 200 tons per hour.

Location: The  Greyhound mine consists of 11 unpatented lode mining claims, located in Yavapai Country, Arizona near Black Canyon City, about 50 miles north of Phoenix. The site is on a combination of Bureau of Land Management lands and Arizona State lands where the federal government holds the mineral rights.  The mineralized zone is long and narrow, covering about 2.5 miles.  It is easily accessible with well maintained roads and a year around warm weather climate.  There is an abundance of private land available for acquisition and construction of a mill and processing site, equipment and maintenance yard.

Mineral Reserve Reporting Standards: There are currently multiple and conflicting standards worldwide for the reporting of mineral reserves. Following a major stock fraud, Canada enacted a very restrictive law entitled NI 43-101 that essentially dismisses testing data older than 2 years.  Under this standard, the Greyhound Ore Reserves would be characterized as estimated or historical reserves. Despite intensive lobbying by Canada, the US government has not adopted 43-101 standards. Under existing US law, embodied in SEC Industry Guide 7, and based on the reporting standards set forth by the US Society of Mining Engineers, the Greyhound Ore Reserves would be characterized as Proven and Probable Reserves.

Ore Reserves:  Greyhound has been thoroughly tested by independent professional geologists, including a comprehensive drill test program showing substantial reserves. This drill testing resulted in a mineral reserve calculation of 32,063,167 tons of ore containing 4,941,123 ounces of gold with a value of $7.4 Billion at $1,500 per ounce.  Additional reserves are estimated to be significant as there are many untested structures and there is no indication that the vein/shear zones are terminating close to the maximum drill hole depth from either a structural or mineralogical standpoint.

Production Analysis:  Greyhound has an ore tenor averaging 0.154 ounces per ton. The average recoverable ore value is $213 per ton at $1,300 per ounce.  Average mining costs are $10, milling costs $20, smelting and refining costs $5, environmental and reclamation costs $5, and contingency and other overhead costs $2. This leaves an average net profit of $171 per ton.

At 200 tons per hour, the operation should yield a projeced net profit $342,000 per 10 hour shift at $1,500 per ounce.  A double shift operation should yield a net profit of $684,000 per day.  Running the double shift 24 days per month should yield a net profit of $16,406,000 per month.  Assuming about 11 months of actual operation, the annual pre-tax net profit are projected to be $180,576,000. This property has the potential to consider development and construction of a second plant site.

Crushing, Milling and Smelting Operation:  To expedite permitting, crushing, milling and smelting should be done offsite on a private property parcel to be leased or acquired.  In essence, the mining permit will be to extract and haul ore.

Permitting:  The property is located in part on BLM land and in part on Arizona state land, with the mineral rights on the state land held by the federal government. The hybrid state land with federal mineral rights is also subject to BLM permitting. There are no anticipated impediments to permitting.

Price: Price will be quoted directly to qualified buyers or intermediaries.

The following technical documents and reports are available for review:

2005 Jenkins Technical Summary & Report

1985 Zinkl Drill Test Program Report

1985 Zinkl Drill Test & Trenching Maps

1984 Zinkl Geology Report

1984 Geo-Processing, Inc. Geology Report

Various Assay Reports on Greyhound Ore

Other information available for review:

BLM LR2000 Database Report Verifying Ownership

2009 Independent Appraisal Report

2010 Appraisal Report Update

Area and Site Maps

Area and Site Photographs (see limited photos below)

If you are interested in purchasing the Greyhound Mine, or in obtaining further information, please click here for contact information.

Old Test Site

Dozer Cut for Hillside Trench Test Area

Exposed Ore Body