| South Panama Gold (L375) |
| located in the Darien Province |
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SOLD
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| over 120,000 acres |
| nearly 100 miles of river placer |
| minimum 2 grams of gold per ton at surface |
| bedrock only 15 - 35 deep |
| lots of black sands 2 -14 opt gold |
| 6 visible veins never been assayed |
| $100k INVESTMENT WANTED |
OFFERING 100% INTEREST to be repaid within the first year and 3% of the net profits for the life of the project. |
| 5 Independent Operators Wanted |
Must have dredging equipment sufficient to produce $10 million in gold per year. Entrance fee. |
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South Panama Gold L375
fax (208) 265 5377
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A company wishes to merge with another company who has Tribal leases as well as Panamanian Government leases that cover over 120,000 acres and nearly 100 miles of River Placer in the remote Darien Province of Panama.
The company is seeking an investment of $100,000 to begin placer mining with 12 dredges that are already in country. They are offering an investor 100% interest, with repayment within the first year AND 3% of the company profits each year thereafter. The exact project life is unknown but it would take many many years to finish this project.
They estimate that the first year's production will be $2 - $3 million, so in addition to being repaid and getting a 100% interest he could expect an additional $60k -$90k the first year.
The second year and beyond they estimate gold production at $10 million per year so the investor's percentage would be about $300k per year.
Also they are planning to allow up to 5 independent operators to come in and begin dredging. The contractors must have the equipment and crew required to produce $10 million year. The location and size of area would have to be negotiated and there would be an entrance fee.
