SPECIFICATIONS
NMC, Inc. owns a minimum of 279,000 tons of previously mined, first stage (-100 mesh) Precious Metals ore concentrates from which only free gold nuggets were extracted. The ore concentrates were intentionally stored in two earthen pits, 60-90 feet in depth. Minimum first stage ore tonnage established by seismic testing conducted by Geosyntech and is available at www.nmcinc.com (Note: Geologist Paul Mason and the 1995 Bill of Sale states total tonnage of at least 500,000 tons).
More importantly, Peeples Inc., a wholly owned subsidiary of NMC, Inc. owns 100% of the mineral rights via a Mineral Lease for the 377.11 acres that was approved April, 2010 through 2023 including the Skull Valley site, in the Copper Basin area situated below the Breccia Pipes formation from which the free Gold was extracted. In addition, NMC, Inc. owns 100% of the mineral rights for 17 mining claims in California which have been surface core-drilled and are available for purchase or joint venture, separately or with all NMC’s assets.
ASSAYS & TESTING
- Custodial assays were conducted by Advanced Environmental Technologies, Advanced Analytical Labs and Diversified Environmental Labs, which were verified by an Independent auditing firm, Weinberg & Company. The Blackstone Group commissioned Advanced Analytical Labs to conduct additional assays which can also be made available to prospective buyers via a secured website.
- Assays were also performed by Jacobs Labs on five Dore Bars produced at the Skull Valley milling operation. (Video of milling operation available on secured website)
- Assayed values of the 279,000 tons, before extraction, are approximately $3.4 Billion as of March 24, 2010.
SITE HISTORY
- Site was previously mined for “free gold nuggets” only by using simple gravity separation methods from 1983-1994 with the remaining concentrated precious metal ore being stored in prepared earthen pits for further processing.
- NMC, Inc. purchased the ore concentrates in 1995 for $216,000,000 from Zarzion Mining Company.
- Complete history and disclosure is available at www.nmcinc.com.
- Precious metal ore concentrates are located approximatley 2.8 miles away from the Burlington North - Santa Fe railroad spur.
- The current Mineral Lease #11-86475, on the surrounding 377.11 acres, is valid until May 1st, 2023 and can be assigned.
- Our current Mine Operating Plan (MOP) was approved on 12-31-09 and the Economic Analysis for only Gold was conducted independently by Headquarters West for the Arizona State Land Department (ASLD) and is available on our website.
OVERVIEW
- Though a complete company sell is preferred, NMC, Inc., would consider an asset sale, joint venture, merger/ reverse merger and/or stock swap with a down payment, where liquidity is an issue and adding approximately 10,000 investors would be desirable.
- Potential customers include investment banks, insurance or reinsurance companies looking to bolster their balance sheets or mining companies seeking precious metal ore concentrates without having to deal with the environmental concerns or labor issues associated with underground mining.
- Wise purchase for countries or companies that are in need of strategic precious metals (hard assets) as a hedge against the weak U.S. dollar and with a desire to take advantage of increasing commodity prices.
ADDITIONAL ASSESTS AVAILABLE
In addition, NMC owns 100% of the mineral rights of two additional properties in California which are available separately or as a complete package.
For more information on these properties, please see the following:
Silver Valley, California
La Escondida, California
For more information, please contact:
Michael Sheppard, CEO
Nevada Mining Company
Phone (615)-400-1099
michaelsheppard@comcast.net