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11.08.2011 (286 Days Ago)
| Title | RENS | ||
| Country | United States |
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Description
About Aspa Gold Corp.:
ASPA Gold Corp. is an emerging U.S. based Gold Mining and Exploration Company focused on a fairly aggressive development plan for its wholly owned claims and mines situated on over 3,600 acres and compromising of forty four (44) claims and twenty two (22) historic mines located in the historic Oatman mining district of northwest Arizona. The Oatman district is a well-known gold producing area in the heart of the famous Walker Lane Gold Trend which, before the shutdown of operations in WWII, produced more than 3.8 million tons of ore and 2.2 million ounces of gold. ASPA Gold Corp. is committed to the rapid extraction from the extensive tailings and dumps and evaluating the in-ground mineralization which is prolific on the company's properties. ASPA Gold Corp. is a North American Gold & Minerals Fund (Pinksheets: NMGL) Group Company. North American Gold & Minerals Fund owns 71.38% of the outstanding shares of ASPA Gold Corp. Common Stock.
Objectives
The first objective of ASPA Gold Corp. for "Oatman" Properties is to prove up the "Oatman" resources in the "Oatman" dumps and to bring these to account. This will be done by surveying the dumps followed by assaying the dump material by a local reputable laboratory. A logistics plan will then be put in place to process the material, possibly at the "Gold Road Mine" as detailed below.
Only three miles from ASPA Gold Corp.'s "Oatman" property is the operating "Gold Road Mine" and Mill. The mineralization at the "Gold Road Mine" is very similar to the mineralization at ASPA Gold Corp.'s "Oatman" Mines. The "Gold Road Mine" has indicated a willingness to mill ore for other mines, one possible way to get started until production is high enough to fill up our own mill.
The second objective of ASPA Gold Corp. for the "Oatman" Properties is to prove up the resources at the "Oatman" Properties to mineable reserves. ASPA Gold Corp.'s Board of Directors and Management are mining industry veterans and plan to deploy new technology for scanning the dispersion of mineralization. This will be achieved by aeromagnetic research and/or surveying and geophysical testing. This step will be followed by drilling, mine planning and equipment procurement and staffing and the appointment of a world class mining advisory service to ensure optimal extraction.
The gold mineralization at "Oatman" is relatively shallow. Only one of the mines produced below 1,000 feet in depth. Open pit mines are much less expensive to operate and they are permitted in Arizona. Upgraded beneficiation technology will be deployed. The intention would be to optimize the mining plan which, under normal circumstances, would comprise open pit operations, however due to the volcanic nature of the ore body, this will require further research and investigation. It should be noted that ASPA Gold Corp. has a large number of mines situated on the "Oatman" Properties; many of them are relatively small. Multiple mines located on the same vein lend themselves to consolidation, thereby reducing operating costs and improving the economics of the consolidated operation.
Oatman Background
Historic records have shown that from 1900 to 1933 a total of 3.8 million tons of ore was removed. This produced 2.2 million ounces of gold which at the then gold price of US$20 oz. valued the production at approximately US$44,000,000, which at today's average price equates to approximately US$2,860,000,000. The silver production, which at that time averaged US$ 0.53/ oz., would at today's price of US$28.00/oz. be valued at $21,875,000. This is more than any other gold mining district in Arizona and together with the indicative resources that still remain in the ground, possibly one of the larger Gold projects in the history of the United States of America.
The "Oatman" properties are located within the "Walker Lane Gold Trend." While not yet as famous as Nevada's Carlin Trend, the Walker Lane is notable for its numerous gold and silver deposits, such as the Comstock Lode and Tonopah (Silver), Gold Hill, Bullfrog, Paradise Peak, Rawhide, Goldfield and Mesquite (Gold). Nevada is still the nation's largest gold producer, but there is potential for explosive growth in gold production in the Arizona part of the Walker Lane and Oatman areas.
The "Lexington" group, which is also in the Walker Lane is ASPA Gold Corp.'s prime target area due to the fact that a large concentration of veins falls within a concentrated area.
Notwithstanding that "Lexington" has been worked historically, there is very significant unmined Gold mineralization that was missed by the miners of that period, as Miners in those days mainly focused on outcrops. It is therefore the intention of the ASPA Gold Corp. Management to initially concentrate on this area as it is considered to be the most promising.
In the South, which comprises 16 mining operations, aerial surveys show a vein system that would allow ASPA Gold Corp. to consolidate various holdings therefore reducing average costs. The very substantial historic gold production at "Oatman" has all been from underground mining of high grade ore. In many cases ore less than half an ounce gold per ton was left on the dumps and not even sent through the mill. Today, in Nevada, gold is economically recovered from ore with only 1/20 of this gold content (.02 ounces per ton). Seven miles from ASPA Gold Corp.'s "Oatman" property, the "Moss Mine" has been extensively explored. Over 50,000 feet of drilling has been done to establish a gold equivalent resource of 606,535 ounces at a grade of only 0.029 ounces per ton. Dump sampling at ASPA Gold Corp.'s "Lexington" Mine done in 2005 found rock assaying much higher, as high as 0.434 ounces gold and 1.25 ounces silver per ton. The average was .133 ounces gold and .456 ounces silver per ton. This rock is sitting on the dumps and does not even have to be mined. At current prices of around US$1,400.00 per oz. for Gold and US$30.00 per oz. for Silver, the revenue potential of reworking the dumps located throughout ASPA's property amounts to upwards of $50 million.
Carl Lausen from the Arizona Bureau of Mines stated in 1916, when describing the Oatman deposit area: Quote: "to a point where they could be extracted at a profit. An examination of Assay Maps for ore of the larger ore bodies of the Oatman District showed narrow zones, a few feet wide, carrying values up to US$500 per ton. Such high grade streaks generally parallel the long direction of the ore shoot as shown in plan. Sometimes the high grade streaks are near the footwall, sometimes near the hanging wall. They split into two or more branches, and, further along, again rejoin."
http://www.otcmarkets.com/stock/RENS/quote
Key Considerations
Existing Tailings are extensive and can produce cash immediately to fund extraction.
‘The Lexington’, has patented claims and has exceptionally promising geological structure 
ASPA management has vast mining experience 
ASPA’s Oatman Gold Project is in the heart of ‘elephant country’ where many bonanza deposits have been found. 
ASPA Gold Corp. is an emerging U.S. based Gold Mining and Exploration Company focused on a fairly aggressive development plan for its wholly owned claims and mines situated on over 3,600 acres and compromising of forty four (44) claims and twenty two (22) historic mines located in the historic Oatman mining district of northwest Arizona. The Oatman district is a well-known gold producing area in the heart of the famous Walker Lane Gold Trend which, before the shutdown of operations in WWII, produced more than 3.8 million tons of ore and 2.2 million ounces of gold. ASPA Gold Corp. is committed to the rapid extraction from the extensive tailings and dumps and evaluating the in-ground mineralization which is prolific on the company's properties. ASPA Gold Corp. is a North American Gold & Minerals Fund (Pinksheets: NMGL) Group Company. North American Gold & Minerals Fund owns 71.38% of the outstanding shares of ASPA Gold Corp. Common Stock.
Objectives
The first objective of ASPA Gold Corp. for "Oatman" Properties is to prove up the "Oatman" resources in the "Oatman" dumps and to bring these to account. This will be done by surveying the dumps followed by assaying the dump material by a local reputable laboratory. A logistics plan will then be put in place to process the material, possibly at the "Gold Road Mine" as detailed below.
Only three miles from ASPA Gold Corp.'s "Oatman" property is the operating "Gold Road Mine" and Mill. The mineralization at the "Gold Road Mine" is very similar to the mineralization at ASPA Gold Corp.'s "Oatman" Mines. The "Gold Road Mine" has indicated a willingness to mill ore for other mines, one possible way to get started until production is high enough to fill up our own mill.
The second objective of ASPA Gold Corp. for the "Oatman" Properties is to prove up the resources at the "Oatman" Properties to mineable reserves. ASPA Gold Corp.'s Board of Directors and Management are mining industry veterans and plan to deploy new technology for scanning the dispersion of mineralization. This will be achieved by aeromagnetic research and/or surveying and geophysical testing. This step will be followed by drilling, mine planning and equipment procurement and staffing and the appointment of a world class mining advisory service to ensure optimal extraction.
The gold mineralization at "Oatman" is relatively shallow. Only one of the mines produced below 1,000 feet in depth. Open pit mines are much less expensive to operate and they are permitted in Arizona. Upgraded beneficiation technology will be deployed. The intention would be to optimize the mining plan which, under normal circumstances, would comprise open pit operations, however due to the volcanic nature of the ore body, this will require further research and investigation. It should be noted that ASPA Gold Corp. has a large number of mines situated on the "Oatman" Properties; many of them are relatively small. Multiple mines located on the same vein lend themselves to consolidation, thereby reducing operating costs and improving the economics of the consolidated operation.
Oatman Background
Historic records have shown that from 1900 to 1933 a total of 3.8 million tons of ore was removed. This produced 2.2 million ounces of gold which at the then gold price of US$20 oz. valued the production at approximately US$44,000,000, which at today's average price equates to approximately US$2,860,000,000. The silver production, which at that time averaged US$ 0.53/ oz., would at today's price of US$28.00/oz. be valued at $21,875,000. This is more than any other gold mining district in Arizona and together with the indicative resources that still remain in the ground, possibly one of the larger Gold projects in the history of the United States of America.
The "Oatman" properties are located within the "Walker Lane Gold Trend." While not yet as famous as Nevada's Carlin Trend, the Walker Lane is notable for its numerous gold and silver deposits, such as the Comstock Lode and Tonopah (Silver), Gold Hill, Bullfrog, Paradise Peak, Rawhide, Goldfield and Mesquite (Gold). Nevada is still the nation's largest gold producer, but there is potential for explosive growth in gold production in the Arizona part of the Walker Lane and Oatman areas.
The "Lexington" group, which is also in the Walker Lane is ASPA Gold Corp.'s prime target area due to the fact that a large concentration of veins falls within a concentrated area.
Notwithstanding that "Lexington" has been worked historically, there is very significant unmined Gold mineralization that was missed by the miners of that period, as Miners in those days mainly focused on outcrops. It is therefore the intention of the ASPA Gold Corp. Management to initially concentrate on this area as it is considered to be the most promising.
In the South, which comprises 16 mining operations, aerial surveys show a vein system that would allow ASPA Gold Corp. to consolidate various holdings therefore reducing average costs. The very substantial historic gold production at "Oatman" has all been from underground mining of high grade ore. In many cases ore less than half an ounce gold per ton was left on the dumps and not even sent through the mill. Today, in Nevada, gold is economically recovered from ore with only 1/20 of this gold content (.02 ounces per ton). Seven miles from ASPA Gold Corp.'s "Oatman" property, the "Moss Mine" has been extensively explored. Over 50,000 feet of drilling has been done to establish a gold equivalent resource of 606,535 ounces at a grade of only 0.029 ounces per ton. Dump sampling at ASPA Gold Corp.'s "Lexington" Mine done in 2005 found rock assaying much higher, as high as 0.434 ounces gold and 1.25 ounces silver per ton. The average was .133 ounces gold and .456 ounces silver per ton. This rock is sitting on the dumps and does not even have to be mined. At current prices of around US$1,400.00 per oz. for Gold and US$30.00 per oz. for Silver, the revenue potential of reworking the dumps located throughout ASPA's property amounts to upwards of $50 million.
Carl Lausen from the Arizona Bureau of Mines stated in 1916, when describing the Oatman deposit area: Quote: "to a point where they could be extracted at a profit. An examination of Assay Maps for ore of the larger ore bodies of the Oatman District showed narrow zones, a few feet wide, carrying values up to US$500 per ton. Such high grade streaks generally parallel the long direction of the ore shoot as shown in plan. Sometimes the high grade streaks are near the footwall, sometimes near the hanging wall. They split into two or more branches, and, further along, again rejoin."
http://www.otcmarkets.com/stock/RENS/quote
Key Considerations
Existing Tailings are extensive and can produce cash immediately to fund extraction. ‘The Lexington’, has patented claims and has exceptionally promising geological structure ASPA management has vast mining experience ASPA’s Oatman Gold Project is in the heart of ‘elephant country’ where many bonanza deposits have been found. 
Ronald Yadin Lowenthal, President & CEO
Mr. Lowenthal is a specialist in Corporate Finance, in the structuring of IPO's and in fund raising for Mining Exploration Companies. From 1999, Mr. Lowenthal was a founding director of Incentive Holdings Ltd. and Incentive Securities Ltd, a South African based Financial Services Group. From 1982 to 1999, Mr. Lowenthal served as a financial consultant and as the compliance officer to family owned, Lowenthal & Co, a South African based Stock Broking, Corporate Finance and Fund Management company specializing in obtaining mining concessions for exploration, and obtaining and assisting a significant number of Mining and other companies with their obtaining quotations on the Johannesburg Stock Exchange. In 1971, Mr. Lowenthal earned a Masters of Business Administration degree from the Wharton Graduate Division, University of Pennsylvania, USA and in 1969 earned a Bachelor of Arts (Hons) degree in International Relations from the University of Sussex, England.
From 1972 to 1979, Mr. Lowenthal served as an International Merchant Banker with Scandinavian Bank in both London and in Singapore, Amex Bank in both London and in Hong Kong, Rothschild Intercontinental Bank in both London and in Hong Kong and with European and American Bank in New York. From 1979 to 1981, Mr. Lowenthal was involved in Diamond Mining and in Diamond Trading on an International basis.
Mr. Lowenthal's experience in mining goes back to the early 1970's, when he was working in Sierra Leone, Guinea and Burkina Faso and obtained mining concessions in gold and diamonds in these countries. Mr. Lowenthal resumed his interest in West Africa in 2006, when he was requested by an international mining company to obtain a uranium concession. As a result of this activity, Mr. Lowenthal established an office in Dakar, Senegal and Nouakchott, Mauritania and has actively pursued concessions in Senegal, Mauritania and Guinea. These activities extend from gold to iron ore, chrome and uranium. The Lowenthal family has been involved in mining activity in South Africa, Guinea, Senegal, Mauritania, over many years and, when Mr. Lowenthal returned from Asia to South Africa in 1982 when his family and others gained control of Johannesburg Mining Finance Limited, which became Consolidated Mining Corporation. This group specialized in gold and diamonds. Mr. Lowenthal is presently an officer or director of Kansala Resources SA, Senegal, Sanko Lowenthal, Mauritanie SARL, Sloane Investments, Inc., Chataprop Holdings 86 (Pty) Limited, IHL Nominees (Pty) Limited, Incentive Securities (Pty) Limited and North American Gold & Minerals Fund. He was previously an officer or director of Faso Mining SA, Consolidated Mining Corporation Limited, West Witwatersrand Gold Holding Limited, Carrig Diamonds Limited, Hanover Capital Group plc, Anglo Dutch Life Limited, Africa Resources Limited, Catwalk Investments 398 (Pty) Limited, Hanover Research (Pty) Limited, Incentive Asset Management (Pty) Limited, Incentive Asset Traders, Incentive Corporate Finance (Pty) Limited, Incentive Holdings Limited, Rhizoid Timeline Formula Limited, Saga Lowenthal Commodities (Pty) Limited, Benoni Gold Holdings Limited, Bonte Koe Mynbou Ondernemings (Pty) Limited, Rex Mining Corporation Limited, Southern Fissures Limited, Wolfberg Mynbou (Pty) Limited, Carbon Leader Limited, Loxton Exploration (Pty) Limited, Dukes Court Shareblock Limited, Edgtech Holdings (Pty) Limited, Master Computer Bureau (Pty) Limited, Moorpark Shareblock Limited, Pick Distribution Company (Pty) Limited, Pick Square (Pty) Limited, Pick Technologies (Pty) Limited and Mesklip Prospecting (Pty) Limited.
Mailing Address
36101 Bob Hope Dr.
Suite E5-238
Rancho Mirage, CA, 92270
Transfer Agent(s)
Securities Transfer Corp.
Transfer Agent
2591 Dallas Pky.
Suite 102
Frisco, TX, 75034
469-633-0101
Ronald Y. Lowenthal
Telephone: (760) 660-4804
E Mail: ronald.lowenthal@aspagold.com
Investor Relations
Dave King
Global Media and Corporate Relations
407-403-6670
Mr. Lowenthal is a specialist in Corporate Finance, in the structuring of IPO's and in fund raising for Mining Exploration Companies. From 1999, Mr. Lowenthal was a founding director of Incentive Holdings Ltd. and Incentive Securities Ltd, a South African based Financial Services Group. From 1982 to 1999, Mr. Lowenthal served as a financial consultant and as the compliance officer to family owned, Lowenthal & Co, a South African based Stock Broking, Corporate Finance and Fund Management company specializing in obtaining mining concessions for exploration, and obtaining and assisting a significant number of Mining and other companies with their obtaining quotations on the Johannesburg Stock Exchange. In 1971, Mr. Lowenthal earned a Masters of Business Administration degree from the Wharton Graduate Division, University of Pennsylvania, USA and in 1969 earned a Bachelor of Arts (Hons) degree in International Relations from the University of Sussex, England.
From 1972 to 1979, Mr. Lowenthal served as an International Merchant Banker with Scandinavian Bank in both London and in Singapore, Amex Bank in both London and in Hong Kong, Rothschild Intercontinental Bank in both London and in Hong Kong and with European and American Bank in New York. From 1979 to 1981, Mr. Lowenthal was involved in Diamond Mining and in Diamond Trading on an International basis.
Mr. Lowenthal's experience in mining goes back to the early 1970's, when he was working in Sierra Leone, Guinea and Burkina Faso and obtained mining concessions in gold and diamonds in these countries. Mr. Lowenthal resumed his interest in West Africa in 2006, when he was requested by an international mining company to obtain a uranium concession. As a result of this activity, Mr. Lowenthal established an office in Dakar, Senegal and Nouakchott, Mauritania and has actively pursued concessions in Senegal, Mauritania and Guinea. These activities extend from gold to iron ore, chrome and uranium. The Lowenthal family has been involved in mining activity in South Africa, Guinea, Senegal, Mauritania, over many years and, when Mr. Lowenthal returned from Asia to South Africa in 1982 when his family and others gained control of Johannesburg Mining Finance Limited, which became Consolidated Mining Corporation. This group specialized in gold and diamonds. Mr. Lowenthal is presently an officer or director of Kansala Resources SA, Senegal, Sanko Lowenthal, Mauritanie SARL, Sloane Investments, Inc., Chataprop Holdings 86 (Pty) Limited, IHL Nominees (Pty) Limited, Incentive Securities (Pty) Limited and North American Gold & Minerals Fund. He was previously an officer or director of Faso Mining SA, Consolidated Mining Corporation Limited, West Witwatersrand Gold Holding Limited, Carrig Diamonds Limited, Hanover Capital Group plc, Anglo Dutch Life Limited, Africa Resources Limited, Catwalk Investments 398 (Pty) Limited, Hanover Research (Pty) Limited, Incentive Asset Management (Pty) Limited, Incentive Asset Traders, Incentive Corporate Finance (Pty) Limited, Incentive Holdings Limited, Rhizoid Timeline Formula Limited, Saga Lowenthal Commodities (Pty) Limited, Benoni Gold Holdings Limited, Bonte Koe Mynbou Ondernemings (Pty) Limited, Rex Mining Corporation Limited, Southern Fissures Limited, Wolfberg Mynbou (Pty) Limited, Carbon Leader Limited, Loxton Exploration (Pty) Limited, Dukes Court Shareblock Limited, Edgtech Holdings (Pty) Limited, Master Computer Bureau (Pty) Limited, Moorpark Shareblock Limited, Pick Distribution Company (Pty) Limited, Pick Square (Pty) Limited, Pick Technologies (Pty) Limited and Mesklip Prospecting (Pty) Limited.
Mailing Address
36101 Bob Hope Dr.
Suite E5-238
Rancho Mirage, CA, 92270
Transfer Agent(s)
Securities Transfer Corp.
Transfer Agent
2591 Dallas Pky.
Suite 102
Frisco, TX, 75034
469-633-0101
Ronald Y. Lowenthal
Telephone: (760) 660-4804
E Mail: ronald.lowenthal@aspagold.com
Investor Relations
Dave King
Global Media and Corporate Relations
407-403-6670
Photos
RENS
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