Given that the deposits appear to be open in many directions, the Company is confident that the potential for the estimate to increase is high. The property has favorable access roads already in place.
This should allow us to advance this to an even higher economic evaluation almost immediately as we expand the resource estimate.
President Mr. Byrne states "We have deployed a full quality control and quality assurance team to strengthen our recent NI 43-101 report."
The Geologists have reported, "The mineral deposit can be mined using gravity recovery methods without significantly impacting the surrounding environment. These methods include the implementation of an onsite mill and setting up of gravity recovery units. The next stage of this project would be to file for a water pollution control permit through NDEP (3-6 month turn around).
Mr. Byrne concludes "This is a solid acquisition for our shareholders and our strategic partners. We unequivocally stated that our primary goal was to acquire projects with large mineral reserves that are in areas with accessible mining infrastructure in place. This allows GMUI various options to package, build equity, structure joint ventures, divest and create substantial cash flow."
