MINERAL TARGET: GOLD
Located 20 km (12.2 mi) from Dawson City, Yukon, Canada, the Eldorado Placer Project is a placer gold opportunity situated within the boundaries of the Lone Star quartz properties. The placer mineral claims (surface) overlap some of Lone Star’s quartz mineral claims (subsurface). The Project consists of 115 mineral claims totaling 6.9 km2 (2.7 mi2).
The property is in the heart of a longstanding gold-producing area. There are many placer mines operating in the general vicinity. The claims were originally assembled by Canadian mine-finder Richard Hughes and optioned to the Company in December 2003. The property has known placer gold potential. However, to date the Company has not conducted substantive exploration work. Currently, consideration is being given to entering into a joint venture with an experienced Yukon placer miner to develop the property.
For additional information on project-specific mineral rights and exploration activity, see press releases below and refer to the Management’s Discussion and Analysis contained in quarterly SEC filings. Go to Reports and SEC filings under Investor Relations, or, go to www.sec.gov under “filings and Forms (EDGAR),” click on “Search for Company Filings,” then on “Company & Other Filers.” Enter “KDSM” in the CIK box and locate 10-QSB or 10-KSB filings.
