To date, our activities have been limited to organizational matters, the negotiation and acquisition of the Conglomerate Mesa Claims and the development of these claims. We have completed all payments and stock issuances in connection with the acquisition of the Conglomerate Mesa Claims and have received our first geological report benchmarking the expected mineralization contained in the claims, however, we are in default on our annual payments and been advised that the claim holders were exercising their right to cancel the agreement .


SUGO sadly has lost all claims due to defaults. The only thing left are a pile of convertible notes that continue to be dumped.