Consolidation Services, Inc. (OTCBB: CNSV) is engaged in the acquisition, development and exploitation of domestic natural resources.
The Golden Dream Deposit Mine contains approximately:
- 260,000 ounces of gold and
- 8.5 million pounds of copper
Gold is trading at an all time high at $1,536.30 a troy ounce on the Comex on Friday and equally important is the fact that copper has a strong outlook as well.
Now represents the perfect time to get on board. The Mill is in place here and the announced reserves are significant. We have included the latest outlook on gold and copper below. Natural resources found in politically stable areas have a premium value. With gold trading at an all time high, entering a gold mining stock at this level carries a significant upward potential.
Elkhorn Goldfields Inc. and Montana Tunnels Mining Inc.
The Company has, through its wholly owned subsidiary CSI Resources Inc. entered into a definitive Stock Purchase Agreement to acquire Elkhorn Goldfields Inc. and Montana Tunnels Mining Inc. from Elkhorn Goldfields LLC.
The Elkhorn Goldfields Inc. Property has four known mineralized deposits:
- Golden Dream/Sourdough
- Gold Hill
- East Butte
Golden Dream Deposit Mine
Due to the higher grade gold values identified, ore delineation drilling has been focused, to this point, on the Golden Dream Deposit.
The Golden Dream Deposit currently has an underground mineable reserve of 1.2 million tons containing approximately 260,000 ounces of gold and 8.5 million pounds of copper.
LOI to Acquire Mining Assets
It was announced on May 2, 2011, that a non-binding and confidential Letter of Intent to acquire certain mining assets has been entered into. The SPA reflects extensive due diligence and negotiations and thus memorializes the terms of that acquisition. Consummation of the transaction is anticipated to be in 45 to 60 days, however it is subject to the satisfactory completion of due diligence, certain shareholder approvals, an additional and separate 3rd party financing of approximately $7.5 million and other customary closing conditions.
Copper Outlook: Global demand growth for copper is expected to grow at 8.4 percent in 2011-12.
The China demand is expected to expand at 7 percent this year. Copper is used extensively in the electrical manufacturing, construction and power sectors according to a recent forcast by the general secretary of the International Wrought Copper Council, Mark Loveitt. China accounts for about 40 percent of global consumption. Some analysts have recently turned bullish on China’s import demand for copper due to a steady decline in stocks held at warehouses monitored at the Shanghai Futures Exchange (SHFE). Copper stocks in warehouses monitored by the SHFE fell for ten straight weeks on May 27 to 82,309 tonnes. Total stocks have dropped 54 percent from the peak of 177,365 tonnes recorded in March.
London Metal Exchange (LME) three-month copper prices surged to a three-week high of $9,199 on Friday ahead of a long holiday weekend with the help of a weaker dollar and steady equities.. It peaked at above $10,000 in February.
Gold – One Outlook: Hedge-fund manager John Paulson, who made his name betting against subprime mortgages in 2007, turned bullish on gold and bank stocks in recent years, and the latest glimpse into Paulson & Co.’s portfolio suggests his outlook hasn’t changed much. Mr. Paulson reported more than double the previous stake in Barrick Gold Corp. and only minor adjustments to his stakes in AngloGold Ashanti Ltd. ADRs and Kinross Gold.
Gold futures ended at their highest levels in more than three weeks Friday, lifted by a weakening dollar and investor demand for a refuge because of worries about euro-zone sovereign debt.
Gold for June delivery ended $13.50 higher, or 0.9%, at $1,536.30 a troy ounce on the Comex division of the New York Mercantile Exchange, the highest ending price since May 3 and the fifth day of gains in the last six sessions. Futures rose 1.8% on the week.
Gold has rebounded after pulling back from the record settlement high for a front-month contract, $1,556.70 a troy ounce, reached earlier this month. The dollar fell Friday after separate reports indicated falling new home sales and weak consumer-spending growth, reinforcing the view that the U.S. economic recovery was struggling. Greece’s bailout program is expected to conclude today. Investors sometimes turn to gold during turmoil in other markets, as the precious metal isn’t as linked to industrial cycles as are some other commodities and equities.
Consolidation Services Inc
2300 West Sahara Drive
Las Vegas, NV , 89100
About CNSV: Founded in 2007 and based in Las Vegas, Nevada, Consolidation Services Inc. is engaged in the acquisition, operation and development of domestic natural resources. Since formation and until the first quarter of 2010, the Company had primarily been focused on it mining operations in Tennessee. The Company currently owns oil and gas wells along with oil and gas mineral rights on approximately 13,500 acres in eastern Kentucky and Tennessee. Consolidation Services Inc. attempts to build shareholder value through the acquisition and development of domestic natural resources.
Elkhorn Goldfields LLC is a US domestic mining company engaged in the operation, exploration and development of mining properties containing gold and other precious and base metals primarily in Montana. Our mission is to safely, efficiently and profitably mine mineral ores for the benefit of our stakeholders, employees and community partners while maintaining harmony with our surroundings. Elkhorn Goldfield LLC’s sole assets are EGI and MTMI, both which have proven substantial reserves of precious and base metals.
CNSV Disclosure: StockGuru entered into an investor relations consulting and market awareness contract with a non-affiliated third party for coverage of CNSV. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us a total of eight thousand dollars for coverage. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. Pentony Enterprises LLC – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.
Forward Looking Statement: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and under the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements. Without limiting the foregoing, the words “believe,” “anticipate,” “plan,” “expect,” “seek,” “potential”, “estimate” and similar expressions are intended to identify forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.