Posted On: 12/01/2012 7:25:15 AM
Post# of 278
TWDL Projects
Quartz Mountain Mine
Texas Wyoming Drilling Inc. have announced that we have reached an agreement to lease 13 of the 27 claims on the Quartz Mountain Project located near the town of Vale in Malheur County, Oregon. An extensive and current Technical Report, NI 43-101 indicates that there are reserves of 280 thousand ounces of gold along with 3,526,000 ounces of silver. The property is a former Chevron Minerals Property. A NI 43-101 is one of the few gold standards for verifying claims other than the Australian Stock Exchange JORC Code and the SAMREC South African Code. Although it is specific to Canadian standards, it is regarded as an ideal method to assure that there is gold on this or any other property. Based upon the NI 43-101 showing substantial amounts of proven reserves of both gold and silver, the Management Team of TWDL believes that the acquisition of this mine will open new doors to financing. Equipment currently located at our site in Nevada will be moved to the Oregon site, where mining operations will be managed by TWDL/LEGACY ROCK Division.
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