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Good Morning Members,
Did you get to read yesterday's report on our Brand New Alert for Today!? The Penny Dreamers is very excited about all the new developments for DUCP!
Please read below on more details regarding today's alert! A must read for any trader!
Our latest alert is DUCP,
Arx Gold Corporation
Arx Gold Corporation formerly Daulton Capital Corp., is a development-stage company. The Company is a natural resource company focused on precious metals. The Company's subsidiaries include ARX Springs Pty. Ltd a (ARX Springs), ARX Pacific Resources Pty Ltd. (ARX Pacific), and ARX Springs Pte, Ltd., (ARX Pte).
Major Company Research Report Released Today!
We would also like to bring to your attention today's Market Research Report that was released on DUCP! The report below provides major details of the company's overall plans/strategy and future developments! A must read!
ARX GOLD CORPORATION - COMPANY REPORT
The current chart and share structure for DUCP also seems to be in great shape! After a pullback back in December, the PPS has started to consolidate and today's activity seems to show buying pressure coming in with the possible start of a Major Rebound!
With the current PPS at just .023, we may just be gearing up for the next leg up!
Be sure to keep DUCP on your radar today!
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About DUCP
ARX GOLD CORP. (OTCBB: DUCP) is a natural resource company focused on gold and precious metals. The New Management's corporate philosophy is to be a Share Holder Value creator, with the objective of exploring, acquiring and operating Gold projects in Australia and other countries to generate real value beginning with ARX Springs Gold Project in Queensland, Australia.
ARX GOLD has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to explore, acquire and develop gold resource projects, and continue to invest in expansion of exploration activities and seek opportunistic special situations that can add to our portfolio of assets within the resource sector.
The company has formed an experienced management team with the ability to take advantage of the tremendous opportunities that are available in the natural resource sector today. Our focus will be to explore, acquire and develop gold resource projects, and continue to invest in expansion of exploration activities and seek opportunistic special situations that can add to our portfolio of assets within the resource sector.
Current world economics now give us the ability to take advantage of the tremendous opportunities available today in the natural resource industry. We believe that Gold will play a significant role in the growing demands of the world's economy.
ARX Gold Project
ARX SPRINGS PROJECT, QUEENSLAND AUSTRALIA
The ARX Springs Gold project site is located at Coonambula near Eidsvold in Queensland Australia, and has significant potential gold resources and could potentially generate a multi-billion dollar cash flow over the planned 20 year life of the mine based on current gold prices. Queensland Australia is well known to be a prolific gold producing State and since the 1867 Australian gold rush, several major gold producing companies including BHP, Glencore Xstrata, Rio Tinto, Barrick Gold and Anglo American have been active in the State of Queensland and the area where the ARX Springs gold project is located has an extensive history of gold finds going back to early 1888 in the nearby St Johns Creek gold fields.
The deposit is described as alluvial grade sand and gravel resource with a varying depth of resource within a continuous surface area of 1600 ha. Average depth of resources estimated from extensive drilling is at between 15 m to 20 m. The targeted recovery from the resource is dependent upon operational factors once the project is in production and the consistent average recovery of the targeted yield.
Initial development has commenced on the ARX Springs project site and resource mined for processing treatment has been stockpiled. Material will be stockpiled while construction works are under way and there will be sufficient material mined before production plant is commissioned to provide adequate supply of resource for processing.
HISTORY OF THE AREA
Gold has historically been found, worked and extracted from the material in vicinity of the project. The mineral interest in this area dates back to the 1880s. The early geological reports identified a tertiary glacial till that extends extensively in the area of the project site. It is within this glacial till that the majority of the alluvial deposits occur and the surveys have indicated the presence of gold.
Gold was discovered in the area in 1888. Production from the nearby St John's Creek field between 1888 and 1937 yielded 313 kg from 15,669 t of ore. Peak production was achieved in 1890 when 98.35 kg of gold was obtained from 7574 t of ore. There has been no activity since 1937 reported. The first gold production recorded from the Hungry Hill Creek McKonkeys Creek area was in 1889. The field was worked intermittently until 1901, the total recorded production of 23.32 kg of gold from 938 t of ore.
Antimony has also been produced from the project site surrounds. Since 1876 the deposits have been worked intermittently. In the period 1953 to 1954, 23.6 t of antimony concentrate was produced from 111.8 t of ore.
The site and area has a history of intermittent working by small-scale mining and various private operators. The area has been subject to a number of previous investigations and has included reports by Rands (1897, 1901), Saint Smith (1926), Ball (1931) and Denmead (1943). Much of the previous investigations referred to the mining conducted in the area. Previous literature reported that some 51 t of ore averaging 27 g per tonne from shafts up to 25 m deep in this area were worked. The best grades were apparently in coarse wash near the base of alluvial sands. Water from the water table discouraged much mining.
GEOLOGY & RESOURCE
The project site is a tertiary glacial till deposit and the recoverable grade is contained within paleo channels of alluvial sand, gravel and conglomerate associated with gravel beds of old alluvium and minor alluvial deposits. The tertiary glacial till deposit is composed of white to buff, poorly sorted, clayey sandstone, local unsorted granule to boulder gravel beds and the sands associated with the gravel beds.
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