Investment in The Coconut Industry by Nancy Cheruiyot
Drumlummon Gold Mine, Montanna
1. Last Updated May 26, 2010 Drumlummon Mine Project Marysville, Montana
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4. Share Capital 1 As of May 25, 2010 Conditionally approved for Tier 1 listing on TSX-V – refer to May 25, 2010 Press Release
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8. H istory of the Marysville Mining District *From NI 43-101 report. 8 Mine Discovery Production* (Au, Ag) Comments Drumlummon 1876 $29,000,000, 1.1 – 1.2 mt Average 0.5 oz/t Au Bald Butte Prior to 1886 $3,500,000 Vein width to 22 ft Gloster Prior to 1880 $3,500,000 Free gold; cp + py Bald Mountain 1875 $3,500,000 Cut-off 0.25 oz/t Au, to 15 ft wide Shannon 1885 $2,700,000 Veins 7 – 14 ft wide Belmont 1878 $2,500,000 Veins 2 – 10 ft wide Empire 1880 $2,500,000 Reportedly averaged $30/t in Au, Ag, Cu, and Pb Penobscot 1873 $1,230,000 Quartz-carbonate with free gold and silver Blue Bird-Hickey n.a. $600,000 Veins from 4 – 12 ft, free gold and silver
9. History of the Drumlummon Mine 400 Level 1600 Level 700 Level D Block Charly Vein Xmas Vein D-block ~ Late 1800’s
10. History of the Drumlummon Mine 1876 : Drumlummon deposit discovered by Thomas Cruse 1883 - 1901 : Montana Co. puts mine into production. Loses claim dispute in 1901 and floods mine to 400 foot level. 1902 – 1910: Production continues above 400 foot level by Montana Co. while claim appeals in progress. Loses appeal. 1910 - 1929: St Louis Company takes ownership. Leases mine periodically. Production sourced above the 400 foot level. Market crash of ’29 stops production. 1941 - 1951: Montana Rainbow Co. dewaters and restarts production in 1946. Mill burns down in 1950 and production ceases. Rebuilding the mill not economically viable. 2007 : RX consolidates all land claims, initiates surface drilling, completes NI 43-101 report. Begins underground rehabilitation. 2008: Charly Vein system discovered 2010 : RX reopens the mine 35,685 oz Au 388,375 oz Ag 775,000 oz Au eq 26,453 oz Au 140,393 oz Ag 21,284 oz Au 138,773 oz Ag
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12. Drumlummon Today Diagrammatic Illustration of Mineral Zones Outlined by RX to Date. 400 Level 1600 Level 700 Level 1000 Level D Block Charly Vein Xmas Vein D-block 500 level cross-cut through Charly Vein