The Portuguese Creek Mine Platinum and Gold
The Portuguese Creek Mine Platinum and Gold Unlocking precious metals from volcanic rock.
Location: Geology: Rock Type:
South Central Idaho Super Volcano Basaltic Moonstone Rhyolite
Super Volcano History: Snake River Plane
Portuguese Creek Mine February 18, 2011
Comparative Mineral Occurrences:
Merenski Reef (Bushfeld) UG-2 Layer (Bushfeld) JM Reef Stillwater, Montana Kambalda, Australia Agnew, mineralized flow Lac des Isles Canada Portuguese Creek, Idaho (estimated)
Portuguese Creek Mine
Pt + Pd ppm 4.6 5.0 30.3 0.75 0.48 21.0 680
Sulfur % 0.55 0.02 0.43 8.1 13.0 0.2 0.2
Development Protocols for Portuguese Creek: Pre-Feasibility:
Surface sampling (complete) Assay analysis on surface samples (positive) BLM land claim applications (complete) Stake claims / record claims with County (complete) State and Federal agencies filings (Complete) Claim fees filed and paid (Paid through 8-31-12) Number of Claims: 70 Land Area: 2 1/2 square miles
Portuguese Creek Mine
Development Protocols for Portuguese Creek: (continued)
Feasibility:
Drill Core holes (complete)
Core holes analyzed through reliable and repeatable analytical method (complete)
•
Internal and external valuations (complete)
Independent lab validations and verification of precious metals (complete) •
•
Tons in drilling grid: 50 million reserve tons
•
Pilot tested halide leach process (completed twice: 2004/05, 2009) Portuguese Creek Mine
Development / Pilot Plant / Operations: Eco-friendly commercial process (no cyanide):
Halogen Leach Recycle of all solutions / No discharge Tailings have no hazardous metals or minerals State and Federally Permitted / DEQ/ MSHA
Collection method:
Ion Exchange Resins Bulk Sample permits submitted (complete)
2600 tons ready to process
Tons processed through piloting: 120 Metals recovered: Platinum / Gold / Rhodium / Rubidium Portuguese Creek Mine
Development / Pilot Plant / Operations: Operational Pilot Plant Proven Economics: Metal Recovered onto Resins: Platinum Gold Rhodium Rubidium Mineralogical Rare Earth Elements Found: Cerium Rubidium Lanthanum Neodymium Yttrium Niobium Portuguese Creek Mine
Market for Precious Metals:
No significant production of Platinum, Palladium or Rhodium in the USA’s lower 48
Ninety-seven percent of these metals are produced from Russia or South Africa
Sales of Metals:
Direct to refiner Sale to end users Open market sales once refined
Portuguese Creek Mine
Technology:
Halide Leaching = 150+ years old
Newly developed and modified Primary 95% ingredient = Sodium Chloride (table Salt) Non Selective Solublize’s all metals not just gold or silver
Metal absorption from Halide Leach with Ion Exchange Resins •
• •
Dow Chemical and others have developed resins specific to the halide leach. They absorb precious metals out of a halide solution. Resins are readily available Refiners can refine them Portuguese Creek Mine -
Funding Need:
2,600 Tons Per Year $3,000,000 - $5,000,000
1000 Ton per day operations $50 million
2000 Ton per day operations $100 million
5000 Ton per day operations $250 million
Mine Life at 1000 tons per day = 150 years Mine Life at 2000 tons per day = 75 years Mine Life at 5000 tons per day = 30 years
Portuguese Creek Mine -
Portuguese Creek Partnership LLLP: State of Incorporation: Colorado Place of Business: Corporate Office – Colorado Mining Operations, Mining Claims / Permitted Plant and Facility on 9 acres – Idaho
Portuguese Creek Mine
Corporate Structure:
Portuguese Creek Management LLC Operator of the Portuguese Creek Partners LLLP assets 3% Non-diluted interest in PCP LLLP
Portuguese Creek Partners LLLP Equity Unit Holders as Limited Liability Limited Partners
9 LLLP Unit Holders
Claim and assets owner Building Guarantor Line of Credit Guarantor
Resources Opportunity Corporation Operator of Mine Developed Technology, Halide leach, Assay methods State, Local and MSHA Permit Holder for plant operations
Portuguese Creek Mine -
Team Members:
James Dascalos
Managing General Partner / Portuguese Creek Management LLC President / Resources Opportunity Corp, (ROCI) Investment Banking 18 years
Commercial Real Estate Development / Frawley Ranch Development President Restaurant ownership Corporate Governance / Boards and Management / Sox Training Red Rocks Community College Foundation Board Vice President / Former Club Board President / Former Broker Dealer Director, manager
Whit Allen
DOE Government Renewable Energy Lobbyist
Private and Public Money Raises Specialty – M&A – Private Placement Funding
Advisor to Top Washington Lobbying Firms for CleanTech and renewable energy Companies and technology
Strategic market and product and business planning and development worldwide Corporate Governance / Board and Management positions Master's degree (International MBA) from the Thunderbird School of Global Management / Bachelor of Science degree in Electrical Engineering from Texas A&M University.
Alex Duncan Agricultural Commodities Grain Trader / Broker 25 years -
World wide exporter / importer of grains Hedge and derivative Trader / Northern Sales Company 13 years University of Manitoba with a degree in Economics.
Portuguese Creek Mine -
Board of Advisors:
Dr. John Trefny
Former President Colorado School of Mines 9 years Professor of Physics and Head of the Department of Physics Colorado Board of Education Chair Undergraduate education at Fordham University and his Ph.D. In Physics from Rutgers University
Yani Roditis
Mine Engineer 28 Years
Barrick Gold Corp / Chili, Argentina Gabriel Resources / Toronto / Romania Taranga Resources / Toronto /
Two Master of Science degrees from the University of Arizona, as well as a Bachelor of Science degree from the National Technical University in Athens, Greece.
Paul Gates Mine Engineer 25 Years
Vice President Operations ROCI Pincock Allen and Holt Engineering Newmont Gold Corp / Indonesia Phelps Dodge Corp / Arizona Mr. Gates has a MBA from Western New Mexico University, and a BS in Mining Engineering from Montana College of Mineral Science and Technology in Butte Montana.
Portuguese Creek Partnership Contact Information:
James Dascalos Managing General Partner
Mailing Address: 6614 Stuart Court Arvada, Colorado 80003 Tel. 303-650-2762 Cell: 303-618-9621
Email. [email protected] Website: www.portuguesecreekmine.com
Plant Address: Portuguese Creek Partners LLLP. 1992 E. 1775 So. Gooding, Idaho 83330 Portuguese Creek Mine -
Forward Looking Statements: The information contained herein is a supplement to additional confidential information of the Portuguese Creek Partnership. No reproduction or distribution of information is permitted without the written consent of the Partnership. The financial forecasts described herein are forward-looking statements that assume that a full production facility will someday be built, including matters of opinion or strategies regarding the future and the Partnerships reserve estimate. Readers should not place undue reliance on forward-looking statements. which are assumptions and estimates subject to various risks and uncertainties. The Partnerships actual results could differ materially from those discussed in such forward-looking statements.
Portuguese Creek Mine -
Location: Geology: Rock Type:
South Central Idaho Super Volcano Basaltic Moonstone Rhyolite
Super Volcano History: Snake River Plane
Portuguese Creek Mine February 18, 2011
Comparative Mineral Occurrences:
Merenski Reef (Bushfeld) UG-2 Layer (Bushfeld) JM Reef Stillwater, Montana Kambalda, Australia Agnew, mineralized flow Lac des Isles Canada Portuguese Creek, Idaho (estimated)
Portuguese Creek Mine
Pt + Pd ppm 4.6 5.0 30.3 0.75 0.48 21.0 680
Sulfur % 0.55 0.02 0.43 8.1 13.0 0.2 0.2
Development Protocols for Portuguese Creek: Pre-Feasibility:
Surface sampling (complete) Assay analysis on surface samples (positive) BLM land claim applications (complete) Stake claims / record claims with County (complete) State and Federal agencies filings (Complete) Claim fees filed and paid (Paid through 8-31-12) Number of Claims: 70 Land Area: 2 1/2 square miles
Portuguese Creek Mine
Development Protocols for Portuguese Creek: (continued)
Feasibility:
Drill Core holes (complete)
Core holes analyzed through reliable and repeatable analytical method (complete)
•
Internal and external valuations (complete)
Independent lab validations and verification of precious metals (complete) •
•
Tons in drilling grid: 50 million reserve tons
•
Pilot tested halide leach process (completed twice: 2004/05, 2009) Portuguese Creek Mine
Development / Pilot Plant / Operations: Eco-friendly commercial process (no cyanide):
Halogen Leach Recycle of all solutions / No discharge Tailings have no hazardous metals or minerals State and Federally Permitted / DEQ/ MSHA
Collection method:
Ion Exchange Resins Bulk Sample permits submitted (complete)
2600 tons ready to process
Tons processed through piloting: 120 Metals recovered: Platinum / Gold / Rhodium / Rubidium Portuguese Creek Mine
Development / Pilot Plant / Operations: Operational Pilot Plant Proven Economics: Metal Recovered onto Resins: Platinum Gold Rhodium Rubidium Mineralogical Rare Earth Elements Found: Cerium Rubidium Lanthanum Neodymium Yttrium Niobium Portuguese Creek Mine
Market for Precious Metals:
No significant production of Platinum, Palladium or Rhodium in the USA’s lower 48
Ninety-seven percent of these metals are produced from Russia or South Africa
Sales of Metals:
Direct to refiner Sale to end users Open market sales once refined
Portuguese Creek Mine
Technology:
Halide Leaching = 150+ years old
Newly developed and modified Primary 95% ingredient = Sodium Chloride (table Salt) Non Selective Solublize’s all metals not just gold or silver
Metal absorption from Halide Leach with Ion Exchange Resins •
• •
Dow Chemical and others have developed resins specific to the halide leach. They absorb precious metals out of a halide solution. Resins are readily available Refiners can refine them Portuguese Creek Mine -
Funding Need:
2,600 Tons Per Year $3,000,000 - $5,000,000
1000 Ton per day operations $50 million
2000 Ton per day operations $100 million
5000 Ton per day operations $250 million
Mine Life at 1000 tons per day = 150 years Mine Life at 2000 tons per day = 75 years Mine Life at 5000 tons per day = 30 years
Portuguese Creek Mine -
Portuguese Creek Partnership LLLP: State of Incorporation: Colorado Place of Business: Corporate Office – Colorado Mining Operations, Mining Claims / Permitted Plant and Facility on 9 acres – Idaho
Portuguese Creek Mine
Corporate Structure:
Portuguese Creek Management LLC Operator of the Portuguese Creek Partners LLLP assets 3% Non-diluted interest in PCP LLLP
Portuguese Creek Partners LLLP Equity Unit Holders as Limited Liability Limited Partners
9 LLLP Unit Holders
Claim and assets owner Building Guarantor Line of Credit Guarantor
Resources Opportunity Corporation Operator of Mine Developed Technology, Halide leach, Assay methods State, Local and MSHA Permit Holder for plant operations
Portuguese Creek Mine -
Team Members:
James Dascalos
Managing General Partner / Portuguese Creek Management LLC President / Resources Opportunity Corp, (ROCI) Investment Banking 18 years
Commercial Real Estate Development / Frawley Ranch Development President Restaurant ownership Corporate Governance / Boards and Management / Sox Training Red Rocks Community College Foundation Board Vice President / Former Club Board President / Former Broker Dealer Director, manager
Whit Allen
DOE Government Renewable Energy Lobbyist
Private and Public Money Raises Specialty – M&A – Private Placement Funding
Advisor to Top Washington Lobbying Firms for CleanTech and renewable energy Companies and technology
Strategic market and product and business planning and development worldwide Corporate Governance / Board and Management positions Master's degree (International MBA) from the Thunderbird School of Global Management / Bachelor of Science degree in Electrical Engineering from Texas A&M University.
Alex Duncan Agricultural Commodities Grain Trader / Broker 25 years -
World wide exporter / importer of grains Hedge and derivative Trader / Northern Sales Company 13 years University of Manitoba with a degree in Economics.
Portuguese Creek Mine -
Board of Advisors:
Dr. John Trefny
Former President Colorado School of Mines 9 years Professor of Physics and Head of the Department of Physics Colorado Board of Education Chair Undergraduate education at Fordham University and his Ph.D. In Physics from Rutgers University
Yani Roditis
Mine Engineer 28 Years
Barrick Gold Corp / Chili, Argentina Gabriel Resources / Toronto / Romania Taranga Resources / Toronto /
Two Master of Science degrees from the University of Arizona, as well as a Bachelor of Science degree from the National Technical University in Athens, Greece.
Paul Gates Mine Engineer 25 Years
Vice President Operations ROCI Pincock Allen and Holt Engineering Newmont Gold Corp / Indonesia Phelps Dodge Corp / Arizona Mr. Gates has a MBA from Western New Mexico University, and a BS in Mining Engineering from Montana College of Mineral Science and Technology in Butte Montana.
Portuguese Creek Partnership Contact Information:
James Dascalos Managing General Partner
Mailing Address: 6614 Stuart Court Arvada, Colorado 80003 Tel. 303-650-2762 Cell: 303-618-9621
Email. [email protected] Website: www.portuguesecreekmine.com
Plant Address: Portuguese Creek Partners LLLP. 1992 E. 1775 So. Gooding, Idaho 83330 Portuguese Creek Mine -
Forward Looking Statements: The information contained herein is a supplement to additional confidential information of the Portuguese Creek Partnership. No reproduction or distribution of information is permitted without the written consent of the Partnership. The financial forecasts described herein are forward-looking statements that assume that a full production facility will someday be built, including matters of opinion or strategies regarding the future and the Partnerships reserve estimate. Readers should not place undue reliance on forward-looking statements. which are assumptions and estimates subject to various risks and uncertainties. The Partnerships actual results could differ materially from those discussed in such forward-looking statements.
Portuguese Creek Mine -
