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Summary of Current Holdings
The following summary is not provided as a Financial Statement,
or as a solicitation for the sale of shares,
it is merely a discussion of the holdings of National Gold, Inc.
Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
Mindeca Mine, Honduras, Central America
National Gold, Inc. has acquired MINERALES DE CENTRO AMERICA (MINDECA S.A. de R. L) Honduras corporation
as a wholly owned subsidiary operation
| Mindeca owns 148 square kilometers of mining property in Honduras.
The property has three large outcrops of Iron Oxide ore. One of the outcrops has been extensively drilled and the proven reserves are established at $60 Billion US. The other two outcrops are virtually the same as the one that has been evaluated. Mindeca has a contract to deliver 400,000 metric tons of iron oxide ore to cement plants in Honduras for $126.00 US per ton. Contract shipments were made in November and December of 2008. The road was washed out in January and ore shipments resumed, after road repairs were completed, on February 11, 2009. National Gold does not anticipate any further delays because of road damage. Click here to see the Pro-Forma Statement for the Mindeca Mine. |
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Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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 150 Ton per Day Equipment |
 Ore Sample |
 Inside the Mine |
National Gold owns SIX (6) TWENTY (20) acre lode claims known as the Black Swan Claims No. 1 through 6, inclusive.
The past production indicates a recoverable gold value of approximately 0.75 troy ounces per ton.
With the equipment currently on site National Gold can process 150 tons of ore each day.
That should yield about 112.5 troy ounces each day.
National Gold plans to begin operations as soon as the weather permits.
Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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Warren Mining District
Central Idaho
National Gold is in the process of closing transactions to acquire several mines in the Warren Mining District
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National Gold owns three 20 acre unpatented lode claims known as the Bluebell, Bluebell 2, and Bluebell 3 Claims,
located in the Warren Mining District, Idaho
21.24 Troy Ounces of Gold at today's price of around $900 per Troy Ounce is $19,116
49.48 Troy Ounces of Silver at todays price of around $12 per Troy Ounce is $593.76
National Gold does not expect the "Run of the Mine" ore to average the above figures, but it does show that rich pockets can be
located as we conduct our mining operations
The Geology Report indicates the average value will be between 1.5 and 4 Troy Ounces per ton.
Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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Warren Mining District
Central Idaho
National Gold has entered into a contract to purchase the Homestake Mine in the Warren Mining District of Central Idaho. We are now proceeding with the closing of the aquisition.
The Homestake Mine enconsists of two patented mining claims known as the Homestake and the Pennsylvania.
HISTORY
The Homestake Mine is located in the Crooked River watershed, southeast of Grangeville, Idaho.
Gold exploration in the region dates back to 1861 when placer gold deposits were found on Newsome Creek near Elk City, 10 miles east of the Homestake Mine.
The first quartz vein location was made in the Elk City district in 1870 but very little gold was extracted from quartz ore until after the completion of the American Eagle mill in 1902. Several high grade gold bearing veins were discovered, leading to considerable underground development work and mill construction.
At least ten lode gold mines were in production in the Orogrande Mining District from the late 1890's to the late 1930's. Large scale placer mining using hydraulic mining and dredges began in the early 1900's and resulted in a huge increase in gold production. Placer mines outnumbered lode mines until World War II put a temporary stop to gold mining.
Five adits are located on the Homestake Mine but the exact time of development is unknown.
According to the previous owners, all five adits were being worked in the 1930's and 1940's until World War II interrupted all mining activity. Considerable evidence remains on the site from that period. Many old buildings used to support the working crews are still standing, although they are now unsuitable for any use due to advanced deterioration. In addition, the remains of an old crusher are evident.
Extensive work has been done on the Homestake. At 6,464 feet a vein has been exploited to a depth of 30 feet. There is another mine at 6,393 feet which has been dug to 150 feet. At 6,192 feet there is a mine that goes 1,150 feet into the mountain. And at 6,192 feet there is a mine that extends 880 feet.
An attractive feature of each Adit is the dump pads. When the mines were in active operation, ore surrounding the vein was dumped on the ground and formed a pad which was used for staging and work areas. The pad at number three Adit alone contains over 100,000 tons of ore. This ore was never processed because the gold content was too low compared to the vein ore to be worth processing. Our assays indicate that the dump rock contains enough gold value to be very profitable in today's market with today's technology.
The 3 dumps assay as follows:
6.02 oz/T Au adit #1 dump
5.48 oz/T Au adit #2 dump
2.48 oz/T Au adit #3 dump
The existence of these dumps makes this project especially attractive, because regardless of what gold remains in the mountain, our estimates indicate that this project will be profitable if the only gold we find is in the dump rock. However, the geology report indicates that only a small fraction of gold was ever removed from the mine.
Click here to see the Geology Report for the Homestake Mine
Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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National Gold has acquired the Historic Annie Laurie Mine in Piute County, Utah.
The mine consists of 153 patented mining claims, 3 patented mill site claims, and 7 unpatented claims, for a total of 3,150 acres of deeded land and 140 acres of mining claims.
The Ghost Town of Kimberly is located on the property. The town is located in Piute County, and was named for Peter Kimberly. The town is at an elevation of 8,970 ft. The town is located high in Mill Canyon on the side of Gold Mountain in the Tushar Mountains. Originally settled in the 1890s, it lasted until 1910. Kimberly had a minor rebirth in the 1930s, but has been uninhabited since about 1938. The town is perhaps best known as the birthplace of Ivy Baker Priest, a former United States Treasurer
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The 1917 photo was taken in the spring before the aspen (Populus tremuloides) leafed out. Years of mining have disturbed the surrounding vegetation. A 1999 photo shows how well the area has revegetated naturally. Most of the aspen has been heavily invaded by conifers, primarily spruce (Picea sp.) and Douglas-fir (Pseudotsuga menziesii), and none of the aspen has regenerated successfully in recent years.
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National Gold is considering the establishment of a resort with the theme of an Old Mining Town. With our mining operations this could be a really interesting concept that we feel would be of real interest as an end destination resort.
The elevation is sufficient to offer skiing and other winter sports, and, of course all of the fun of the forested hills during the summer.
Mindeca Mine - Black Swan Mine - Blue Bell Mine - Homestake Mine
Yellow Jacket Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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National Gold has acquired a 580 acre ranch near Fort Jones, California.
The ranch is located in what is often referred to as the "Northern Mines Area" of California.
During the 1849 gold rush some of the miners located very rich mines in Northern California, and in fact, National Gold had a large dredging operation on the Klamath River just a few miles north of the ranch. The welding company that we used for that operation was located in Fort Jones, so we are very familiar with the area.
National Gold obtained all of the mining and mineral rights for the ranch and will be conducting
an examination of the property for any viable gold and silver deposits.
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Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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National Gold has acquired a 1/2 interest in 300,000 deeded acres of Timber and Mining Property in Brazil. The property has a recent timber survey that indicates about $300 Million Dollars in timber.
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It is reported that there is gold and a variety of precious and semi-precious gems in the rivers and streams on the property.
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Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
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Other Properties Being Considered
National Gold has several other mines in the Warren Mining District under contract and expects to complete the closing within the next couple of weeks.
National Gold is also negotiating for the acquisition of a large gold placer property in the Mary Ann Canyon Area of Eastern Nevada, a large iron mine in Central Utah, a Uranium mine in Southern Utah, and a Beryl mine in Western Utah.
We are also looking at another large mining opportunity in Central America, and one in Peru.
Black Swan Mine - Blue Bell Mine - Homestake Mine
Mindeca Mine - Annie Laurie Mine
Fort Jones Ranch - Brazil Timber and Mining
Other Properties Being Considered
See our Past Mining Operations
Please take a look at our Business Plan
Please submit your mining properties to us
for evaluation and possible acquisition