Gold Express is a minerals discovery company advancing projects from discovery stage toward production.

The Company has acquired many of its mineral properties by leasing or staking projects which consists primarily of unpatented mining claims. The claims are staked in accordance with the Mining Law of 1872, and in compliance with the mining laws of each state in which the claims are staked. The staking of such unpatented mining claims gives the Company the right to initially explore the claims through progressively more intensive means which are described in more detail below. Although the Company, under the mining laws, has the right of entry, the rights to explore and eventually to extract the underlying minerals, the paramount ownership of the land resides with the United States.

The staking process involves locating the proposed claim accurately in the field and marking the discovery and four corners of the mining claim with physical posts. The staking process and perfection of claims is governed by both federal and state laws. 

Our Exploration Process

Our exploration program is designed to acquire projects of merit that could be placed into production by the Company, or which could conceptually attract a larger partner. To do so, we will explore, develop, and evaluate such exploration properties, calculate potential resources on each project, undertake engineering studies and conduct economic evaluations to determine the economic viability of each project.

If, after our evaluation, we conclude further exploration work is needed and warranted, we then determine to conduct that exploration work ourselves, or we may attempt to vend the property to another company to perform such work in a sub-lease or joint venture. If we are not successful either with our own exploration results, or our efforts to vend a property are not successful, we may eventually choose to abandon a project. We need to balance our capital requirements so that we have sufficient funds on hand to maintain our existing projects, to evaluate and advance them with appropriate exploration programs, and to maintain additional funds to take on new projects when opportunities are deemed appropriate.

READ MORE: Phases Of Our Exploration Process

Exploration Steps for All Projects

01

Identify projects of merit

02

Stake claims

03

Accumulate, organize and evaluate historic data

04

Rank each project for future work as well as consider lease and/or joint venture

05

Perform initial geologic mapping and sampling.

06

Execute geophysical testing to evaluate future drilling programs

07

Permit drilling program – this requires road access identification, drill pad layouts, archeological and historical surveys, bonding and reclamation responsibilities.

08

Drill core testing to prove out existence of mineral resources.

09

Enlist independent technical report to evaluate all the historic and current exploration data.

10

Evaluate project for additional exploration or development towards production.

Risk Mitigation Strategies

The Company’s management will employ proven risk mitigation strategies in the development of our mineral properties and our business. 

At the heart of our strategy is assembling a highly experienced team of industry professionals with decades of experience in evaluating, exploring and developing mining properties, with a long history of successful execution.

In most cases, the Company is focusing on historic properties with a significant amount of either past production or reliable exploration data. In this way, the Company builds upon work conducted by previous operators, thereby benefitting from hundreds of thousands, if not millions, of dollars of prior work. 

We often find, through our research, that useful geological reports predicting sensible targets for exploration (written decades ago), which for several reasons (such as poor macro-economic conditions, low mineral ore market prices or a weak mining company balance sheet), were never pursued. We put a lot of effort into historical research.

Management seeks to mitigate commodity risk by means of a diversified portfolio of metals. 

READ MORE: Our Risk Mitigation Strategy

Project Acquisition Criteria

The Company has numerous criteria in targeting projects to be acquired. These include a past production history, other past producing mines located nearby, opportunity for early revenue, an existing resource based on historical data and an existing, well-reasoned model for additional mineral resources to be discovered.

  • A history of past production.
  • A past historical resource (perhaps not NI 43-101 compliant) that was calculated by a well- known consulting group or well-known company.
  • Projects which are located within a sub-district of a larger mining district which has produced a substantial amount of gold, silver and/or base metals.
  • Projects which have near term cash flow possibilities from the processing of mine dumps and/or the convenient presence of nearby toll mills.
  • Projects which have a cogent, pre-existing geologic model that assists with choosing the next exploration steps.
  • Recognizing that the likeliness of possible outcomes will change as exploration and other activities build upon the known information about each project, management and its geological consultants may change their opinion of each project as the situation arises.
  • Exploration success does not necessarily mean commercial success. Once a discovery is made, the project must continue to be advanced through stages of development, permitting, feasibility, construction and ultimately production.