HONDURAS - RIO JALAN GOLD PROJECT

KEY INFORMATION

SITE DESCRIPTION

The Olancho Resources Group/Grupo Olancho Recursos owns five (5) contiguous placer gold mine concessions that comprise the Rio Jalan Concession Group. The mining claim block comprises 10,000 acres (approx. 15 square miles in size). The block contains economic deposits of placer gold for 12 linear miles (20 linear km) of river length, within the Rio Jalan riverbed and paleo-terrace deposits. (see Project Maps)

 

VALIDITY

The Rio Jalan concession group is valid and in good standing with the Honduran government and no taxes are owed. These mining concessions are legal and fully permitted to the Exploration Phase (Phase2). Honduran mine concessions in Exploitation (Development Phase) (Phase3) are valid for + 15-year period. Annual claim fees approximately +$50,000/yr.

 

VERIFIED GOLD PRODUCER.

Annual artisanal gold production varied from 2500 – 5000 oz per mining season. Olancho Resources Group (ORG) project management proposes to install “state-of-the art” technology” gold processing equipment and increase placer gold production from an initial 5,000 oz. gold in Year1 to 17,000 oz. gold in Year5.

 

“TURN-KEY” PLACER GOLD MINE OPERATION.

Experienced project operators utilize their professional skills and knowledge to economically exploit high-grade placer gold resources on their (5) Rio Jalan River mine concessions in Olancho Dept, Honduras. . Mine Plan modeled for 5-year Mine Life.

 

GOLD RESOURCE ESTIMATE

The placer gold resource on the (5) placer gold concessions is estimated at 50,000-100,000 oz.

 

SOCIAL LICENSE - RESPONSIBILITIES

The Rio Jalan Project is designed as a “sustainable”, socially responsible mining project  with a “5-year mine life”. The Honduran corporation (Grupo Olancho Recursos) intends to keep it’s “Social License” commitment to the (6) communities within its project footprint and construct medical clinics, soccer field sports facilities, and auxiliary school facilities during the projects “5-year mine life”.