The company is seeking an interested party, either a mining company, or an individual, to earn a 1/4 or 25% interest in the ownership of the company.
This interest will be conveyed via a Quit Claim Deed in return for $2.5 million invested for exploration work on the Companies Claims over the next 2 or 3 field seasons!
This work will consist of geophysics, drilling, assays, as well as the payment of Claim Rental Fees to the Idaho State Office of the BLM before August 31, 2009.
A salary of $7500 a month paid to Mr. Roche, the Managing Partner, while field work is being done.
The $2.5 million will go in the ground for exploration work! Upon the successful completion of the exploration work, the Quit Claim Deed will be transferred.
If an interested party, either a mining company, or an individual is so inclined, a 51% ownership will be conveyed upon successful delineation of an economic ore body, that leads to a feasibility study and capititalization of mine construction!
In that event, the company, Vineyard Gulch Resources LLC will be for sale for a sum of $25 million dollars!
This property is copper rich, as well as gold rich! Here is a photo of rock taken from the Johnson Gulch Moon Claims. This rock ran 11.9% cu! Assay here! See VGR #23! img028.pdf This rock was excavated in May 2007!
Drill core from Pierce Creek drilling, 2004!
If you are interested in discussing this offer in detail, please use the Contact Us page!