Geological and historical records indicate that the DAVMAR AU MINING, LLC Gold Mine could hold substantial lengthy channels of placer gravel that downstream and upstream was producing on average approximately one-half ounce of gold per ton of gravel during the late 1800ââŹâ˘s. It is believed that there remains approximately 420,000 tons of drift channel gravel still available to be excavated. Ă Since the acquisition of the property in 2011, the Majority Member has geared up with equipment and research while continuing to mine the Gold Mine slowly. Ă Mine management believes that the upstream reserves of this ancient channel have been left untouched since the early 1920ââŹâ˘s due to multiple factors. Ă Based on extensive research and exploration, there is seemingly a potential that there are substantial reserves still to be mined. Ă The Company plans to prepare, construct, and finish equipping the sites for expanded gold mining operations and to conduct those operations with the goal of extracting and selling substantial commercial quantities of gold.
