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Advanced Geologic will either sell the mineral rights outright for $6,000,000 or perform a joint venture partnership for a buy-in fee and revenue sharing plan. We would provide permitting and geotechnical expertise, as well as mine management given capitalization of expenses of about $1.2 million on top of the $1.2 million joint venture buy-in fee.

Some of the amenities are:

Geology
The Plomosa Mining District is located within the Basin and Range Geomorphologic Province, which comprises the southwestern third of the State of Arizona. The region is characterized by linear mountain ranges separated by down thrown, alluvium-filled basins. In southern Arizona, a "belt" of Precambrian metamorphic rocks (“core complex") ranges forms a transition zone between the younger, predominantly volcanic desert mountains of the south and the folded and faulted highlands of central Arizona. The Plomosa Mountains rise up just west of the Bouse Hills to the north and extend for tens of miles southward. The Plomosa Mountains form the eastern wall of the La Posa Plain and the western front-range to the Ranegras Plains for nearly its entire length. The northern half of the Plomosa Mountains is predominantly composed of Mesozoic sandstone, shale, conglomerate, and limestone. Slightly younger Cretaceous to early-Tertiary sediments crop out along the northernmost point of the range, and small outcrops of ancient Precambrian gneiss also occur in the area. Mesozoic-age (?) intrusive rocks, chiefly granites, intrude the pre-Tertiary rocks and is believe to the source for much of the gold in the Plomosa Mountains. Mid to late Tertiary volcanic rocks, predominately basalt and andesitic-basalt, cap many of the ranges in western Arizona, including parts of the Plomosa Mountains and locally specific Guadeloupe Mountain. Much of the volcanic have been eroded and expose the underlying pre-Tertiary rocks.

The alluvial gravels on the property consist of schist, granite, and volcanic material that were derived from the Plomosa Mountains. The schist exposures in the Plomosa Mountains contain gold-bearing quartz veins and stringers that were a significant source of the placer gold deposits of the alluvial gravels. There are several outcrops of exposed quartz veins similar to exposures that host gold mines in the region. These occurrences are geologically important because they are the host rocks of numerous prolific vein-controlled gold mines in Plomosa Mountains.

The TR property is located within Italian wash that drains the south-central interior of the Plomosa Mountains. These drainages show thick and abundant alluvial gravel deposits derived from the Plomosa Mining District. Significant historic bedrock gold mines in this drainage include the Gold Nugget, the Belle of Arizona, and the Apache Chief. Numerous small digs and other prospects dot the drainage basin up valley. The alluvial gravels from these mineral-rich areas undoubtedly contain gold. The TR claims overlies these auriferous deposits.

Surface water is present only during seasonal storms that flow within the numerous dry drainages in the area. Water wells can be sited within locations of thick alluvial gravels to pump water from the underlying water table unconfined aquifer. Wells can also be sited along major fracture zones and intersections of fractures to obtain water from fractured bedrock confined aquifers. Water is available for the exploration and testing operations from nearby wells.

Local Geology

The eastern margin of the Plomosa Mountains is blanketed by alluvial fans. As the La Posa and Ranegras Plains basins dropped down and the Plomosa Mountains were raised, the alluvium was deposited and, over time, has attained substantial thicknesses. Closer to the range front, the washes spread out across the alluvial fan apron, depositing a relatively even thickness of material. The TR property is located on the Italian and Poormans Washes and is comprised of alluvium. Varying thicknesses of alluvium are expected as the alluvial fan complex aggraded and buried the bedrock along the range front. At least three remnant fan surfaces are present in the washes, which probably correlate to changes in climatic environments during the last 130,000 years. Because of the gold-bearing deposits in the headwaters to these drainages, these alluvial deposits are auriferous.

A perpendicular transect across an alluvial wash typically sees thin deposits on the sides close to the bedrock contact that become thicker towards some central-wash location. These “troughs” increase in thickness in the down-wash direction. The subsurface morphological expression is quite variable, however, and can be significant concentrators of economic gold mineralization. Recent bore hole drilling on an adjacent mining claim indicates the gravels are about 65-75 feet thick.

As is typical of desert environments, a prominent caliché layer resides at the bedrock-alluvium contact. In some cases, intra-stratified caliché deposits have been observed in other nearby mine workings and are expected on the TR property. The intra-stratified cliché deposits are generally confined to specific layers that have origins with pale-soils or groundwater conditions and tend to be laterally lenticular and discontinuous for any length of the fan complex.

More descriptions later....