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National Gold has acquired
a Honduras corporation
that owns a major open pit mining operation.
There are extensive high grade deposits of
Iron Oxide, Copper, Gold, and Silver
Our mine -- showing the road and some of the outcroppings of Iron Oxide
The Government of Honduras, based on drilling and exploration work done on the property,
certified the mineral reserves to be at least $30 Billion, US
Since that time, the price of Iron Oxide has raised from about $40 per ton to over $125 per ton,
the price of gold has raised from $324 per troy ounce to $1,500 per troy ounce,
and the price of silver and of copper has also increased dramatically.
A conservative estimate of the current value would be nearly $100 Billion, US,
plus, there are two additional outcroppings that are proving to be of equal value.
Thus, when National Gold has completed is evaluation of the mineral reserves
we fully expect the final value to be in the order of $300 Billion, US
The geological report, when finished, should indicate about 600 Million tons of Iron Oxide
and similar amounts of high grade copper ore
National Gold has a contract to deliver 400,000 tons of Iron Oxide to a local Cement Plant
We are also negotiating with several potential buyers for the Iron Oxide. National Gold
would deliver the ore to dock and the buyers would be responsible for shipping from there.
Mining one of the outcrops of Iron Oxide