Post by Hot Christian Stocks on Mar 9, 2012 20:24:07 GMT -5
GDSM - GOLD COAST MINING
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Gold Coast is currently working with Western Sierra Mining to secure and finalize a project (Gold Star Mine), with financing built in, that the two parties will operate within Gold Coast.
Contact Info
534 Beacon Street #904
Boston, MA 02215
Website: www.goldcoastmining.com
Phone: 800-291-9321
Email: marclovito@goldcoastmining.com
www.otcmarkets.com/stock/GDSM/company-info
CEO MARC LOVITO
Marc Lovito is currently the President of Gold Coast Mining Corp. Mr. Lovito has over 10 years’ experience working in the public markets and assisting publicly-traded companies. During this time Mr. Lovito has worked with several hundred clients in various areas including; mergers, acquisitions, fund raising, public relations, marketing, restructuring, spin-offs and regulatory compliance. Mr. Lovito has been involved in 50+ reverse mergers and over $15mm in capital raises for small OTC companies.
Mr. Lovito’s experience in the small cap market will not only be invaluable to rebuilding shareholder value and leading GDSM forward, but will also be the key to avoiding the typical small cap pitfalls. In addition to his activities in the public markets, Mr. Lovito has owned and been a partner in a variety of businesses including real estate, marketing and a hedge fund. The involvement of Mr. Lovito with a wide range of diverse business models provides him with a solid foundation of knowledge, contacts and resources.
GOLD STAR PLACER MINE - - - - EXECUTIVE SUMMARY
Location: Near Prescott and Skull Valley, Arizona - 4 unpatented claims on 360 acres
Ore Reserves: Mineral Reserves are 168,750 ounces of gold, or US $303 Million at $1,800 per ounce gold
Estimated Total Reserves at completion of mining: $700 Million +
Cash Flow: Annual net profit projection US $24.5 Million at 150 yards per hour.
Location: The Gold Star claims are located on approximately 360 acres in central Arizona, about 14 miles southwest of the city of Prescott, near Skull Valley. The claims are near a highway and fully accessible using an unimproved road to the site. Water will be available from wells to be drilled on the property. Local weather allows for a year around production season.
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 Gold Star 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 Gold Star Ore Reserves would be characterized as Proven and Probable Reserves.
Ore Reserves: The claims show Ore Reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. At $1,800 per ounce, the 168,750 ounces of gold are valued at $303,750,000. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values. Limited testing has shown these values to be fairly uniform across the claims. According to the Jenkins Technical Summary: “If the hi-bar deposits contain (mineralized black sand) gold values throughout, the potential may be staggering, and could far outweigh the free gold placer material.” Ultimately, total mineable free gold reserves are estimated at $700 Million +.
Production Analysis: The average recoverable ore value is $41.40 per yard at $1,500 per ounce. Average mining costs are $5, environmental and reclamation costs $2, and contingency and other costs $2. This leaves an average net profit projection of $32.40 per yard. At 150 yards per hour, the operation should yield a net profit $48,600 per 10 hour shift. A double shift operation should yield a net profit of $97,200 per day. Running the double shift 24 days per month should yield a net profit of $2,232,800 per month. Assuming about 11 months of actual operation, the annual net profit should be $24,560,800. This analysis does not include any values from the mineralized gold in the back sands.
Permitting: The permit jurisdiction is the US Bureau of Land Management. There are no anticipated impediments to BLM permitting.
Price: US $3,500,000
The following technical documents and reports are available for review:
2005 Jenkins Technical Summary and Geology Report
2005 Steven Lewis Geology Report and Sample Results
1964 Southwest Research Institute Geology Report
1964 Map Addendum to SRI Geology Report
1972 Geological Survey Bulletin – Placer Deposits in Arizona
1981 Article: “Gold Placers & Placering in Arizona”, State of Arizona, Bureau of Geology and Mineral Technology – Geological Survey Branch
1932 Article on a Centrifugal Separator Referring to Testing at the Gold Star Site
goldtechmines.com/gold%20star%20main.html
Gold Star Mine Info.:
Technical Summary - mccoygoldmines.com/pdf/GoldStar-Technical-Summary.pdf
Geology Report - www.mccoygoldmines.com/pdf/GoldStar-Geology-Report.pdf
Financial Analysis - www.mccoygoldmines.com/pdf/GoldStar-Financial-Analysis.pdf
Executive Summary - www.mccoygoldmines.com/pdf/GoldStar-Executive-Summary.pdf
Mine Photos - www.mccoygoldmines.com/pdf/GoldStar-Mine-Photos.pdf
Placers - www.mccoygoldmines.com/pdf/GoldStar-Placers.pdf
ABOUT GOLD COAST MINING
Gold Coast Mining Corp. plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Gold Coast Mining Corp plans to pursue growth and enhance shareholder value through acquisition opportunities in and out of the mining industry. There are many lucrative mining projects that are sitting idle due to lack of capital and/or financing direction. Gold Coast will seek to capitalize on these opportunities by securing capital, finance consulting, equipment assistance and other financial assistance to these companies/projects.
Gold Coast is currently working with Western Sierra Mining to secure and finalize a project (Gold Star Mine), with financing built in, that the two parties will operate within Gold Coast.
Contact Info
534 Beacon Street #904
Boston, MA 02215
Website: www.goldcoastmining.com
Phone: 800-291-9321
Email: marclovito@goldcoastmining.com
www.otcmarkets.com/stock/GDSM/company-info
CEO MARC LOVITO
Marc Lovito is currently the President of Gold Coast Mining Corp. Mr. Lovito has over 10 years’ experience working in the public markets and assisting publicly-traded companies. During this time Mr. Lovito has worked with several hundred clients in various areas including; mergers, acquisitions, fund raising, public relations, marketing, restructuring, spin-offs and regulatory compliance. Mr. Lovito has been involved in 50+ reverse mergers and over $15mm in capital raises for small OTC companies.
Mr. Lovito’s experience in the small cap market will not only be invaluable to rebuilding shareholder value and leading GDSM forward, but will also be the key to avoiding the typical small cap pitfalls. In addition to his activities in the public markets, Mr. Lovito has owned and been a partner in a variety of businesses including real estate, marketing and a hedge fund. The involvement of Mr. Lovito with a wide range of diverse business models provides him with a solid foundation of knowledge, contacts and resources.
GOLD STAR PLACER MINE - - - - EXECUTIVE SUMMARY
Location: Near Prescott and Skull Valley, Arizona - 4 unpatented claims on 360 acres
Ore Reserves: Mineral Reserves are 168,750 ounces of gold, or US $303 Million at $1,800 per ounce gold
Estimated Total Reserves at completion of mining: $700 Million +
Cash Flow: Annual net profit projection US $24.5 Million at 150 yards per hour.
Location: The Gold Star claims are located on approximately 360 acres in central Arizona, about 14 miles southwest of the city of Prescott, near Skull Valley. The claims are near a highway and fully accessible using an unimproved road to the site. Water will be available from wells to be drilled on the property. Local weather allows for a year around production season.
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 Gold Star 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 Gold Star Ore Reserves would be characterized as Proven and Probable Reserves.
Ore Reserves: The claims show Ore Reserves of 6.75 million cubic yards of ore. The average ore tenor is 0.025 oz/yd. At $1,800 per ounce, the 168,750 ounces of gold are valued at $303,750,000. An unusual and significant attribute of the Gold Star property is that the mineralized black sands, unlike most, appear to contain substantial gold values. Limited testing has shown these values to be fairly uniform across the claims. According to the Jenkins Technical Summary: “If the hi-bar deposits contain (mineralized black sand) gold values throughout, the potential may be staggering, and could far outweigh the free gold placer material.” Ultimately, total mineable free gold reserves are estimated at $700 Million +.
Production Analysis: The average recoverable ore value is $41.40 per yard at $1,500 per ounce. Average mining costs are $5, environmental and reclamation costs $2, and contingency and other costs $2. This leaves an average net profit projection of $32.40 per yard. At 150 yards per hour, the operation should yield a net profit $48,600 per 10 hour shift. A double shift operation should yield a net profit of $97,200 per day. Running the double shift 24 days per month should yield a net profit of $2,232,800 per month. Assuming about 11 months of actual operation, the annual net profit should be $24,560,800. This analysis does not include any values from the mineralized gold in the back sands.
Permitting: The permit jurisdiction is the US Bureau of Land Management. There are no anticipated impediments to BLM permitting.
Price: US $3,500,000
The following technical documents and reports are available for review:
2005 Jenkins Technical Summary and Geology Report
2005 Steven Lewis Geology Report and Sample Results
1964 Southwest Research Institute Geology Report
1964 Map Addendum to SRI Geology Report
1972 Geological Survey Bulletin – Placer Deposits in Arizona
1981 Article: “Gold Placers & Placering in Arizona”, State of Arizona, Bureau of Geology and Mineral Technology – Geological Survey Branch
1932 Article on a Centrifugal Separator Referring to Testing at the Gold Star Site
goldtechmines.com/gold%20star%20main.html
Gold Star Mine Info.:
Technical Summary - mccoygoldmines.com/pdf/GoldStar-Technical-Summary.pdf
Geology Report - www.mccoygoldmines.com/pdf/GoldStar-Geology-Report.pdf
Financial Analysis - www.mccoygoldmines.com/pdf/GoldStar-Financial-Analysis.pdf
Executive Summary - www.mccoygoldmines.com/pdf/GoldStar-Executive-Summary.pdf
Mine Photos - www.mccoygoldmines.com/pdf/GoldStar-Mine-Photos.pdf
Placers - www.mccoygoldmines.com/pdf/GoldStar-Placers.pdf