Hi Secco,
I can answer questions based on stuff that is already out. Yes, you are correct sir, a couple things I cannot answer yet, primarily about unreleased financial data.
To answer your location of mining, Greg is from Nevada (Nevada is the largest gold and Silver producing State in America) and he knows exactly where the gold is located in the state -but he is a global mining afficinado, so we could end up in any country or state.
Greg has the interest to continue mining in Nevada to avoid paying Federal taxes on all gold recovered. Therefore, I gave AuVek Mining a 5 Acre piece of land about 20 Minutes drive from the prolific Carlin Trend. http://oriondhc.com/wp-content/uploads/ORION-...5-FULL.pdf
He can use that property as his office, equipment staging area and gold laboratory - driving to various mining sites during the day. Which is his plan.
Yes, the gold recovered on the website is all from test holes on our Au-1 Property.... and although there are some flakes which are common for all commercial mining (Commercial gold can be as small as -300 Micron), there are also Nuggets with weight ranges between 3 to 5 grams each (which is not very common - however it's VERY good though for us). A five gram nugget is valued around $45.00 per gram or about $225 in gold. It takes only 6 of the five gram nuggets to pour a One ounce bar - or 30 of them for a Five ounce bar to be poured. To find a 5gram nugget in a test hole is a wonderful thing... usually means there is similar gold quality and size all around that test hole.
The website gold shown (stuff identified as Auvek or OODH) was recovered during the stage of "Proving the patented property" ( we own it and have all mineral rights ). I cannot tell you the "Proven Reserves" on patented property Au-1 which is where the first testing was done, nor for other properties we own, but those figures were reported to our accountant and are expected to show on Q2 statements.
The claims are being "added to the books" right now...and that's why they will show on Q2. There may be some claim data on Q1 statements but I am not sure how the accountants want to organize the information. It's based on when we stated the date of acquisition to the accountants which I think was after Q1 was closed out.
Hope this helps.
Randy Hoff
Chairman & CEO
ORION DHC, Inc
www.oriondhc.com
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