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Pilgrim Gold Mine

Located 21 miles northwest of Kingman, Arizona, the Pilgrim Mine project
consists of five patented and additional claims staked along the exposed length of a
structure 1.5 miles long and 400 feet wide. The mine was a profitable producer of Gold
and Silver until 1942 when production ceased permanently because of World War II.
The mine was first discovered in March 1904 and was worked intermittently until 1934,
at which time a cyanide mill was constructed that operated until the war. At the time of
the Government ordered shutdown of US Mining operations, the Pilgrim Mine was
operational but no mining has been done since.

Exploration has provided encouraging results on the extent and grade of ore body.
Preliminary work uncovered a series of parallel veins over a 200 foot width, with
fractures and shears in between, some of which exhibit high ore grades. Underground
samples from the old workings indicate gold values as high as 5.67 oz /ton gold and
silver Up to 1.74 ounces per ton of ore.
A ten-foot section in a cross-cut between the upper and middle veins on the third level
contained 0.25 oz/ton gold over a fifty-foot  area, indicating open-pit ore can be
developed and suggesting that this possibility was not recognized during the early-day
mining activity.

Three additional anomalous zones have been uncovered through geochemical
and geophysical reconnaissance surveys: The first zone extends from the old workings
on the Pilgrim ore body indicating a strong continuance of mineralization favorable to
both underground and open-pit mining. Three new parallel structures have been
located on the project. Geochemical results are high enough for expression in ounces
per ton rather than the customary parts per million.

These results range from ,001 to .048 ounces per ton of gold and,
005 to .428 ounces per ton of silver on surface. Correlated geophysical data from
the electrornagnetic survey suggests these anomalous zones are thirty to forty feet
wide on each of the separate parallel mineralized structures. A wide spread
reconnaissance drilling program was carried out in the tall of 1985 with very
encouraging results. Every hole encountered favorable mineralization with
one grading ,167 oz/ton over 25 feet. Because the ore is heap leachable, the
Company feels it can profitably mine grades as low as .02 oz/ton.

The mine is easily accessible and has sufficient water and power for a commercial
operation. three-phase power exists at the mine site one less hurdle
to overcome when the mine achieves production once again.

The Pilgrim Mine , has both underground and open -pit potential, providing the
operator with the ability to adjust mining methods to optimum economic recovery as
dictated by the capricios nature of the precious metals and financial markets.


Property Evaluation

DR. DAVID S. EVANS PHD -FGAC has completed an evaluation of the Pilgrim Mine
property in Mohave County, Arizona . In his report he has completed an extensive
overview of physical features, history, geology, geochemistry and geophysics,
incorporating past data and current evaluations.
Dr. Evans has concluded the following:

1.) Estimated that upwards of 200.000. tons of material amanabel to underground
mining may still remain

2.) The Pilgrim property displayes similar characteristics and features of the Oatman
Mining District which has yielded 2.2 million oz., of gold and 1.4 million oz. of silver.

3.) Underground and surface mapping, surface geochemical surveys, reconnaissance
reverse circulation drilling suggest the presence of well developed strucurally-controlled
precious metals mineralization along a measured trend exceeding 2,000. feet in length
and up to 800. feet in with.