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Thiswill include our rock chip analysis that can be used to estimate load material and is being conducted by our internal geologist and we are using an accredited externalassayer in Prescott, Arizona named Copper State Labs.
+Added: Description of work completed on the property and its present condition.
+Added: There has been significant work completed on the property.
+Added: First the roads have been improved to be completely usable for all types of equipment such as loaders, dump truck, back hoes, all types of cars, and even larger scale trucks.
+Added: Second, a water retention pond holding just under 1 million gallons of water and currently between 700,000 – 800,000 gallons.
+Added: Third, a gold processing plant has been installed which is specifically a Goldfield International Yukon 25 plant and finishing table.
+Added: Fourth, enhancement to the plant such as a new sluice system and a staging area for placer material processing.
+Added: All of this was done on the Hull land which is patented property.
+Added: Fifth, a slime pond was created along with a sophisticated water retention system connected between the plant and the large retention pond.
+Added: Sixth, fencing around the pond for safety purposes.
+Added: Seventh, an additional water well to the well already on the land.
+Added: This all occurred between October 2012 and December 2012 and was financed by investors.
+Added: The details as to modernization and physical condition of the plant and equipment, including subsurface improvements and equipment.
+Added: The Goldfield International Yukon 25 plant was purchased new in October 2012 along with the finishing table.
+Added: The plant is therefore considered by us to be in very good condition.
+Added: There have been no subsurface improvements since we have been pursuing placer material since setting up the plant.
+Added: Description of equipment, infrastructure, and other facilities.
+Added: The infrastructure has been newly established with competent personnel and functional equipment.
+Added: Additionally, we have a tool shed needed for maintenance.
+Added: We have two wells (one of which is solar powered) that have the capacity to pump a total 12 gallons per minute which is adequate for our present operations.
+Added: Our power supply comes from 2 generators which are on the property.
+Added: Description of our sampling procedures.
+Added: Our geologist Arne Stenseth collects and maintains custody of the samples.
+Added: The rock chip samples are collected as representative samples of the outcrop or vein.
+Added: The rock chips are bagged and labeled.
+Added: The labeled bags are sent to either Copper State Analytical Lab in Prescott, AZ or to Skyline Assayers & Laboratories in Tucson, AZ.
+Added: The labs perform multi-element analyses by ICP, and gold and silver are determined by fire assay.
+Added: Concentrates collected from the finishing table are also collected by Mr.
+Added: Stenseth, who maintains custody of the samples.
+Added: The concentrates are bagged and labeled and sent to the same laboratories as above for the same analyses.
On April 4, 2013, we announced that three hand-collected samples from an 1,800 foot strike of an exposed quartz vein within our patents were assayed at 0.08 ounceper ton (oz/ton), 0.192 oz/ton, and 0.62 oz/ton.
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Our cash provided by financing activities for the three months ended September 30, 2012 was $140,000, compared to $140,000 for the three months ended September 30, 2011.Cash provided by financing activities mainly included proceeds from the sale of common stock.
+Added: We have $816,032 in Notes Payable of that $294,699 are due upon demand and we have not received any demand for payments on these notes.
+Added: Further, we have a note for $50,000 that is in default and we are negotiating either a full payment of the note or conversion of debt for common stock of the Company.
+Added: We are in default on our note to Freedom Boat, LLC for $250,000 which is secured by 10,000,000 shares of common stock of the Company.
+Added: We have preliminarily agreed with Freedom Boat to create another 1 year interest only payment structure with the balance due at the end of the 12 month term and which is convertible to stock.
To date, we havesucceeded in securing capital as needed, but there is no guarantee this will continue.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.