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<DIV style=margin-left:36pt;width:540pt><P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>UNITED STATES </B><BR><B>SECURITIES AND EXCHANGE COMMISSION </B><BR>Washington, DC 20549 </P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>FORM 8-K </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>CURRENT REPORT PURSUANT </B><BR><B>TO SECTION 13 OR 15(d) OF THE </B><BR><B>SECURITIES EXCHANGE ACT OF 1934 </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Date of Report (Date of Earliest Event Reported)<B> </B>October 5, 2018</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>SANTA FE GOLD CORPORATION </B><BR>(Exact Name of Registrant as Specified in Its Charter)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>Delaware</B><BR>(State or Other Jurisdiction of Incorporation)</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'><B>0-20430 </B></P>
</TD><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'><B>84-1094315 </B></P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'>(Commission File Number) </P>
</TD><TD valign=top style=padding:0.75pt><P align=center style='font:10pt Times New Roman;margin:0'>(IRS Employer Identification No.) </P>
</TD></TR>
</TABLE>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><B>P O Box 25201 </B><BR><B>Albuquerque, NM 87125</B><BR>(Address of Principal Executive Offices)(Zip Code)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Registrant's Telephone Number, Including Area Code <B>(505) 255-4852 </B></P>
<P align=center style='font:10pt Times New Roman;margin-top:18pt;margin-bottom:5pt'>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see </I>General Instruction A.2. below):</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a -12)</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b)) </P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>( ) Pre-commencement communications pursuant to Rule 13e-49(c) under the Exchange Act (17 CFR 240.13e -4(c)) <A name=page_2 /></P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Item 7.01 &nbsp;Regulation FD Disclosure</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Santa Fe Gold Corporation (&#8220;Santa Fe&#8221; or the &#8220;Company&#8221;) is furnishing this Current Report on Form 8-K in connection with the disclosure of information regarding press releases previously disseminated. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The information furnished pursuant to Item 7.01 of this Current Report shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section. &nbsp;This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information furnished pursuant to Item 7.01 in the Report that is required to be disclosed solely by Regulation FD.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company has identified certain statements in press releases regarding certain tonnage amounts of ore and estimated cumulative revenues. &nbsp;The press releases in question are: (i) an April 13, 2017 press release stating that the Company is &#8220;developing three new mines for production with estimated cumulative revenues of $757 million as part of its ambitious new 5-year plan&#8221;; (ii) a September 29, 2016 press releasing stating that &#8220;an area known to include numerous high grade gold and silver deposits and estimated to hold upwards of 15,000,000 tons of conventional high grade ores&#8221;; (iii) a December 12, 2016 press release stating &#8220;the company recently acquired and now controls or owns approximately 53 million tons of valuable gold, silver, copper, precious and base metals&#8221;; (iv) a February 10, 2017 press release regarding certain properties with an &#8220;estimated total of which could be in excess of 3.06 million tons of ore&#8221;; (v) a March 8, 2018 press release stating &#8220;resource targets that certain properties could hold between 135 and 250 million additional ounces of silver&#8221; and &#8220;projected contained metal values in these materials are approximately $158 million and $681 million respectively for a total valuation of $839 million; (vi) a September 14, 2017 press release regarding certain properties &#8220;estimated to contain at least 135 million ounces of silver&#8221;; and (vii) a March 16, 2018 press release stating &#8220;that the Alhambra mine alone could contain a total of $839 million comprising $158 million and $681 million in place value of silver alone.&#8221; &nbsp;Upon further review, the projections and estimates regarding tonnage and estimated revenue stated above, as well as other related references to resource amounts and values, do not appear to have been made in conformity with SEC Industry Guide 7 with respect to releasing information regarding mineral projects and, in that context, may not have had sufficient technical or financial justification. &nbsp;The Company has not conducted, to date, a preliminary economic assessment with respect to its mining rights and properties and, accordingly, reports no proven or probable reserves. &nbsp;Additionally, a press release dated January 10, 2018 (the actual press release references the calendar year 2017) erroneously states that the final payment of $500,000 has been made with respect to the Alhambra mine; such payment has not been made to date. &nbsp;The Company has removed these press releases from its website and these press releases should not be relied upon by investors. &nbsp;  </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P style='font:10pt Times New Roman;margin:0'><B>Forward-Looking Statements</B></P>
<P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>This Form 8-K contains forward-looking statements. &nbsp;When used in this report, the words &#8220;potential&#8221;, &#8220;projected&#8221;, &#8220;estimates&#8221;, &#8220;upwards&#8221;, &#8220;indicate&#8221;, &#8220;expect&#8221;, &#8220;intend&#8221;, &#8220;hopes,&#8221; &#8220;believe,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;if, &#8220;could&#8221; &#8220;anticipate&#8221; and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks and uncertainty as well as those factors discussed under the heading &#8220;Risk Factors&#8221; in the Company&#8217;s annual report on Form 10-K as filed on July 5, 2018 and other documents filed with the U.S. Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Item 8.01 &nbsp;Other Events</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Set forth below is a description of our mining properties and rights as of September 30, 2018 consistent with Item 1.02 of Regulation S-K. &nbsp;The Company has acquired rights to five patented claims and 82 unpatented claims in the Black Hawk district of New Mexico, acquired rights to four placer claims in British Columbia, Canada, and owns an aggregate of 42 unpatented claims located in Grant County, New Mexico, and Hidalgo County, New Mexico.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Description of Black Hawk and Bullard Peak Project</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We have not established that our Black Hawk and Bullard Peak rights contain proven or probably reserves, as defined under SEC Industry Guide 7. &nbsp;No exploration activities have commenced to date and no exploration costs have been incurred or paid. &nbsp;To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work. &nbsp;The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment. &nbsp;The Company lacks the capital to fund these expenditures.</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Description and Access</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Black Hawk district, sometimes referred to as the Bullard Peak district, is located in Grant County, New Mexico, approximately 21 miles by road west of Silver City, New Mexico, the terminus of a branch line of the Atchison, Topeka and Santa Fe Railway. &nbsp;The district is in the northeastern foothills of the Big Burro Mountains at an altitude of approximately 5,450 to 6,150 feet. &nbsp;Scattered junipers, scrub oak, small pines, and brush cover the hillsides. &nbsp;Most of the district is drained by way of Black Hawk Canyon which bisects the area and flows northward to Mangas Creek, but the eastern part is drained by tributaries of Silver Dale Creek, which flows northeastward to Mangas Creek. &nbsp;Mangas Creek flows into the Gila River about 9 miles northwest of the mouth of Black Hawk Canyon. &nbsp;The property is reached by truck on a private dirt road that turns left off a paved highway, which access road is approximately 21 miles west of Silver City. &nbsp;The claims are all located within approximately 1,900 acres.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The ore in the Black Hawk district appears to be controlled by rock lithology, with the host rock being a coarse grained quartz diorite. &nbsp;Vein boundaries are sharp and the vein filings are generally recognizable visually.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Acquisition and Ownership</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Pursuant to a stock purchase agreement dated August 2017, the Company acquired all the capital stock of Bullard&#8217;s Peak Corporation from Black Hawk Consolidated Mines Company for a purchase price of $3,000,000, of which $500,000 remains due and payable as of the date hereof and the capital stock of Bullard&#8217;s Peak Corporation and the mining claims collateralize the full purchase price payment.  Title to the claims will be transferred upon receipt by seller of the full purchase price. &nbsp;In August 2018, the Company was informed that the seller terminated the stock purchase agreement. &nbsp;While the Company and seller are in preliminary discussions regarding payment terms for the final $500,000 purchase price obligation, there is no assurance that this stock purchase agreement will be reinstated. &nbsp;Additionally, the Company granted the seller a 2% net smelter return in perpetuity. &nbsp;The net smelter return is the greater of (i) all monies the Company receives for or from any and all ore removed from the property whether for exploration, mining operations or any other reason, and (ii) the fair market value of removed ore. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Patented Lode Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Name</B></P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>MS No.</B></P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>1</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Alhambra Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 869</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Kent County Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 778</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>3</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Blackhawk Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 364A</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>4</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Bullernat Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 546</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Little Rhody Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 365A</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>6</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Extension Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 772</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>7</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Pumpkin Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 548</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>8</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Silver Glance Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 366A</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>9</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Good Hope Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 480</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>10</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Chicago Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 771</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>11</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Surprise Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 367A</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>12</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Cornucapia Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 770</P>
</TD></TR>
<TR><TD valign=bottom style=width:20.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>13</P>
</TD><TD valign=bottom style=width:128.85pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'>Stonewall Lode</P>
</TD><TD valign=bottom style=width:147pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0;margin-left:47.3pt'>MS 547</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Unpatented Lode Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Name</B></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>BLM Serial Number</B></P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>1</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Alhambra Extension &#8211; Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 50356</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Easy Days &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 50357</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>3</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Old Hobson &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 50358</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>4</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 5 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 85992</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 6 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 85993</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>6</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 7 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 85994</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>7</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 8 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 85995</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>8</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 9 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 85996</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>9</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentine No. 17 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 86004</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>10</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64721</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>11</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64722</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>12</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64723</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>13</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #4 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64724</P>
</TD></TR>
</TABLE>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>14</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #10 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64725</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>15</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #11 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64726</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>16</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #12 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64727</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>17</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #13 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64728</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>18</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #14 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64729</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>19</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #15 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64730</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>20</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #16 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64731</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>21</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #18 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64732</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>22</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #19 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64733</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>23</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #20 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64734</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>24</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #21 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64735</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>25</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Argentite #22 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64736</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>26</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Contention #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64719</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>27</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Contention #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 64720</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>28</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106382</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>29</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106383</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>30</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106384</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>31</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #4 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106385</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>32</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #5 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106386</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>33</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #6 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106387</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>34</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #7 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106388</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>35</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #8 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106389</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>36</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #9 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106390</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>37</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>No Show #10 &#8211;&nbsp;Lode</FONT></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106391</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>38</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'><FONT style=font-size:10pt>No Show #11&#8211; Lode</FONT></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106392</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>39</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #12 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106393</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>40</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #13 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106394</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>41</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #14 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106395</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>42</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #15 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106396</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>43</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #16 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106397</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>44</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #17 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106398</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>45</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #18 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106399</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>46</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #19 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106400</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>47</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show #20 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106401</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>48</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106402</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>49</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106403</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>50</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106404</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>51</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #4 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106405</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>52</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #5 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106406</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>53</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #6 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106407</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>54</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #7 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106408</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>55</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #8 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106409</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>56</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #9 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106410</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>57</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #10 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106411</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>58</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #11 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106412</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>59</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #12 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106413</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>60</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #13 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106414</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>61</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #14 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106415</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>62</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #15 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106416</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>63</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #16 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106417</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>64</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #17 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106418</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>65</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Rhonda #18 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106419</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>66</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Pec-II #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 106420</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>67</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Barite &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 109082</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>68</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Barite No. 2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 109083</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>69</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Barite No. 3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 109084</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>70</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115276</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>71</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115277</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>72</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115278</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>73</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #4 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115279</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>74</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #5 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115280</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>75</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #7 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115281</P>
</TD></TR>
</TABLE>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>76</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #8 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115282</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>77</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #9 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115283</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>78</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Jody #10 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 115284</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>79</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Stonewall Surprise &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 193678</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>80</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Alhambra Extension 2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 193679</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>81</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show No. 21 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 193680</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>82</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>No Show No. 23 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 193681</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Geology</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Silver City quadrangle covers approximately 20,650 square kilometers chiefly in the southern basin and range province of southwestern New Mexico and southeastern Arizona. &nbsp;Bedrock of the ranges includes Precambrian igneous and metamorphic rocks, Paleozoic sedimentary rocks, Mesozoic igneous and sedimentary rocks, and Cenozoic igneous rocks. &nbsp;The intervening basins, which constitute about 65% of the quadrangle&#8217;s surface area, are filled with Late Cenozoic (Pliocene-Pleistocene) sedimentary deposits in places to depths of more than 1,000 meters. &nbsp;The geology of each range is generally different and most rock units and pre-basin and range structures cannot be correlated across the basin areas. &nbsp;The principal hydrothermal ore-forming processes in the quadrangle are believed to be attributable to subduction-related events including complex eruptive systems during two distinct periods in the development of the western orogenic continental margin: (i) a medium-potassium calcium/alkaline volcanic arc system in late Cretaceous/early Tertiary time (the Laramide orogeny 80/50 million years ago); and (ii) a high-potassium calcium/alkaline volcano-plutonic arc system in middle Tertiary time (30/15 million years ago). &nbsp;The hydrothermal-magmatic vein and pegmatite type deposits are probably Precambrian in age and the syngenetic sedimentary and volcanic deposits range in age from Cambrian to late Tertiary (or younger).</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Although there is some local variation in some of the districts, the five metal types of deposits in the Black Hawk district are fissure veins where the carbonate and the ore minerals fill open space caused by the fracturing. &nbsp;The ore generally occurs in small high grade pods or shoots randomly distributed within the fracture zone. &nbsp;The location of these open spaces is the sole recognized control of ore distribution. &nbsp;The favorability of the host seems to be governed by its fracturing characteristics rather than any chemical factor. &nbsp;Generally in these deposits there is one favored rock type that accounts for most of the production. &nbsp;At the Black Hawk district the preferred host rock is the coarse grained quartz diorite.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Mineralization</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Mineralization in the Black Hawk mining district consists of numerous narrow carbonate veins containing varying amounts of cobalt and nickel, silver, uranium and arsenic. &nbsp;This is a geologic type of mineral deposit generally called &#8220;five element veins.&#8221; </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Metallurgy</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development. &nbsp;The Company has not conducted a preliminary economic assessment of the project.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Power and Water</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will be required to use water from the mine, to be stored in a water tank to be placed on the property, for its water source. &nbsp;It is believed that this water will be sufficient for any development purposes. &nbsp;The Company will be required to place a generator on the property for electricity. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Property History</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Black Hawk district was discovered in 1881 and was in production until the so-called &#8220;silver panic&#8221; of 1893. &nbsp;Since 1893, there has been little activity in the Black Hawk district. &nbsp;We believe one of the mines, the Black Hawk, was reopened in 1917 and some unsuccessful development done in the upper levels. &nbsp;We further believe that the Black Hawk district was reopened at different times in the 1950&#8217;s, 1960&#8217;s and the 1970&#8217;s, but no sustained development or production is believed to have occurred. &nbsp;There has been some trenching and surface geochem work done at various times. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Description of British Columbia Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We have not established that our British Columbia rights contain proven or probably reserves, as defined under SEC Industry Guide 7. &nbsp;No exploration activities have commenced to date and no exploration costs have been incurred or paid. &nbsp;To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work. &nbsp;The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment. &nbsp;The Company lacks the capital to fund these expenditures.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Description and Access</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The 4 placer claims are located in the Vernon mining district of British Columbia, Canada, encompassing approximately 48 hectares. &nbsp;The claim acreage consists primarily of second-growth deciduous forest cover (poplar-cottonwood) in the Harris Creek valley floor. &nbsp;The region is part of the Okanagan Highland with well-incised creeks bisected by a gentle rolling plateau. &nbsp;The property is approximately 4 miles southwest of Lumby, British Columbia, by Highway 6, the Creighton Valley road, the Harris Creek and the Home Creek Main logging road. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Acquisition and Ownership</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>On November 30, 2017, the Company entered into substantially identical agreements with Fortune Graphite, Inc. and Worldwide Graphite Producers, Ltd. to acquire a total of four placer claims for aggregate consideration of Can$400,000 and the issuance of 10,000,000 shares of Company common stock. &nbsp;Title to these claims remains in trust with the sellers until payment in full. &nbsp;To date, the Company has paid Can$260,000. &nbsp;The Company owes the sellers Can$140,000 and 10,000,000 shares of Company common stock. &nbsp;The Company has been notified that it is in default and the sellers have threatened legal action. &nbsp;The Company cannot predict the outcome of its default, and there can be no assurance that the Company will not lose its interest in these claims </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Placer Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=bottom style=width:63.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Title Number</B></P>
</TD><TD valign=bottom style=width:130.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Claim Name</B></P>
</TD><TD valign=bottom style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Owner</B></P>
</TD><TD valign=bottom style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Title Type</B></P>
</TD><TD valign=bottom style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Title Sub Type</B></P>
</TD><TD valign=bottom style=width:63pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Map Number</B></P>
</TD><TD valign=bottom style=width:68.4pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>Area</B></P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>(hectares)</B></P>
</TD></TR>
<TR><TD valign=top style=width:63.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>564090</P>
</TD><TD valign=top style=width:130.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>King David&#8217;s Castle</P>
</TD><TD valign=top style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>142818 (100%)</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Placer</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Claim</P>
</TD><TD valign=top style=width:63pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>093N</P>
</TD><TD valign=top style=width:68.4pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>18.2235</P>
</TD></TR>
<TR><TD valign=top style=width:63.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>1051737</P>
</TD><TD valign=top style=width:130.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>KDC EXT</P>
</TD><TD valign=top style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>142818 (100%)</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Placer</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Claim</P>
</TD><TD valign=top style=width:63pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>093N</P>
</TD><TD valign=top style=width:68.4pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>18.2236</P>
</TD></TR>
<TR><TD valign=top style=width:63.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>633803</P>
</TD><TD valign=top style=width:130.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Harris Gold Creek Placer</P>
</TD><TD valign=top style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>132024 (100%)</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Placer</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Claim</P>
</TD><TD valign=top style=width:63pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>082L</P>
</TD><TD valign=top style=width:68.4pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>20.6854</P>
</TD></TR>
<TR><TD valign=top style=width:63.9pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>1051738</P>
</TD><TD valign=top style=width:130.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>HCP EXT</P>
</TD><TD valign=top style=width:90pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>132024 (100%)</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Placer</P>
</TD><TD valign=top style=width:67.5pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>Claim</P>
</TD><TD valign=top style=width:63pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>082L</P>
</TD><TD valign=top style=width:68.4pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>20.6872</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Geology</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>There has been limited regional mapping of the Harris Creek basin, and it is believed that the outcrop in the basin is Tertiary sedimentary or volcanic rocks, dating to the Harper Ranch Group of Devonian to Triassic age. &nbsp;It is believed that the majority of exposed rock in stream and road cuts in the area are pelagic limy graphitic argillites with andesite bands or major dome volcanics. &nbsp;Intruding the Harper Ranch Group are Jurassic age granitic rocks of the Nelson Batholith type. &nbsp;These can produce narrow veins carrying gold and base metals.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Mineralization</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The British Columbia claims cover a portion of the Jurassic age Nelson Intrusion cut by a swarm of parallel northeast striking faults with dyke or vein filling. &nbsp;The granitic rock, likely quartz rich granodiorite, is altered in most exposures as to give the appearance of being part of the Eocene age dacite volcanics. &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The majority of exposures are granitic rocks altered to yellow or orange weathering sericite rich pyrite bearing unit that is somewhat flooded with varying amounts of silica. &nbsp;The altered rock is brecciated in the footwall portions of vein faults and clayed in the northwest side.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Metallurgy</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development. &nbsp;The Company has not conducted a preliminary economic assessment of the project.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Power and Water</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company believes that it will be able to utilize water from the existing creek. &nbsp;The Company will be required to place a generator on the property for electricity. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Property History</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We believe that the earliest known interest in Harris Creek is the location of placer gold near the bottom of Harris Creek. &nbsp;We further understand that in the 1930s, some mining activities occurred in the region with some additional work performed during the 1980s and 1990s. &nbsp;</P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><B>Description of Additional New Mexico Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>We have not established that our additional New Mexico claims contain proven or probable reserves, as defined under SEC Industry Guide 7. &nbsp;We own 24 unpatented lode claims located in Grant County, New Mexico (&#8220;Malone Mine claims&#8221;), 16 unpatented placer claims located in the Playas Lake Bed area of Hidalgo County, New Mexico (&#8220;Playa Hidalgo Placer claims&#8221;), and two claims in the Pinos Altos Mining District of New Mexico (&#8220;Sunset claims&#8221;). &nbsp;No exploration activities have commenced to date and no exploration costs have been incurred or paid. &nbsp;To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work. &nbsp;The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment. &nbsp;The Company lacks the capital to fund these expenditures.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Description and Access</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Malone Mine claims consist of 24 unpatented lode claims located in Grant County, New Mexico, encompassing approximately 480 acres. &nbsp;The property is situated approximately 17 miles northeast of Lordsburg township, New Mexico, and is easily accessible from State Highway 90 which connects Lordsburg and Silver City, by turning north onto the Mill Canyon Road (Forest Road No. 859). &nbsp;A drive of approximately 3 miles reaches the southern claim boundary. </P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Playas Hidalgo Placer claims consist of 16 unpatented placer claims located in the Playas Lake Bed area of Hidalgo County, New Mexico, encompassing approximately 320 acres. &nbsp;The Playas is an area in a dry lake bed, about 5 miles west of Lordsburg, encompassing in excess of 50 square miles. &nbsp;It is flat and unencumbered, easily accessible from the major artery, I-10, headed west toward Tucson from Lordsburg. &nbsp;The lake has been the repository of run-offs and streams from the Burro Mountains.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The sunset lode and sunset placer claims, the Sunset claims, are situated in the Pinos Altos Mining District of Grant County, New Mexico, encompassing approximately 20 acres. &nbsp;Both claims are on the same 20 acres, accessible from Highway 15/Bear Creek Road outside of Pinos Altos, via a dirt road. &nbsp;The claims bounded on the north end by the south end of the Navajo claim and bounded on the south end by the north end of the Grey Eagle patented claim. &nbsp;The Sunset claims include all veins, deposits and the surface ground.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Acquisition and Ownership</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company acquired the Malone Mine claims, Playa Hidalgo Placer claims and the Pinos Altos claims for an aggregate of $500. &nbsp;In September of each calendar year, the Company is required to renew these claims at a price of $155 per claim. &nbsp;Failure to renew will result in the loss of such claims.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Unpatented Malone Mine Lode Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Name</B></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>BLM Serial Number</B></P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>1</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #8 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198189</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #9 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198190</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>3</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #10 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198191</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>4</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #11 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198192</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #12 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198193</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>6</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #13 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198194</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>7</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #14 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198195</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>8</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #15 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198196</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>9</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #16 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198197</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>10</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #17 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198198</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>11</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #18 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198199</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>12</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #19 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198200</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>13</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #20 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198201</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>14</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #21 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198202</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>15</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #22 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198203</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>16</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #23 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198204</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>17</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #24 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198205</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>18</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #1 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198961</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>19</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #2 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198962</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>20</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #3 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198963</P>
</TD></TR>
</TABLE>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>21</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #4 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198964</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>22</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #5 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198965</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>23</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #6 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198966</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>24</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Malone #7 &#8211;&nbsp;Lode</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 198967</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Unpatented Playa Hidalgo Placer Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Name</B></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>BLM Serial Number</B></P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>1</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #1 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199275</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #2 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199276</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>3</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #3 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199277</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>4</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #4 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199278</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>5</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #5 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199279</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>6</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #6 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199280</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>7</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #7 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199281</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>8</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #8 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199282</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>9</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #9 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199283</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>10</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #10 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199284</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>11</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #11 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199285</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>12</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #12 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199286</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>13</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #13 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199287</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>14</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #14 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199288</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>15</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #15 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199289</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>16</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>SP #16 &#8211;&nbsp;Placer</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC199290</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin:0'><B>Unpatented Pinos Altos Claims</B></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<TABLE align=center style=border-collapse:collapse><TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P style='font:10pt Times New Roman;margin:0'><B>Name</B></P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'><B>BLM Serial Number</B></P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>1</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Sunset Lode Claim</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 31632</P>
</TD></TR>
<TR><TD valign=top style=width:20.8pt;padding-left:5.4pt;padding-right:5.4pt><P align=right style='font:10pt Times New Roman;margin:0'>2</P>
</TD><TD valign=top style=width:182.25pt;padding-left:5.4pt;padding-right:5.4pt><P align=justify style='font:10pt Times New Roman;margin:0'>Sunset Placer Claim</P>
</TD><TD valign=top style=width:182.15pt;padding-left:5.4pt;padding-right:5.4pt><P align=center style='font:10pt Times New Roman;margin:0'>NMMC 31633</P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Geology</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Silver City quadrangle covers approximately 20,650 square kilometers chiefly in the southern basin and range province of southwestern New Mexico and southeastern Arizona. &nbsp;Bedrock of the ranges includes Precambrian igneous and metamorphic rocks, Paleozoic sedimentary rocks, Mesozoic igneous and sedimentary rocks, and Cenozoic igneous rocks. &nbsp;The intervening basins, which constitute about 65% of the quadrangle&#8217;s surface area, are filled with Late Cenozoic (Pliocene-Pleistocene) sedimentary deposits in places to depths of more than 1,000 meters. &nbsp;The geology of each range is generally different and most rock units and pre-basin and range structures cannot be correlated across the basin areas. &nbsp;The principal hydrothermal ore-forming processes in the quadrangle are believed to be attributable to subduction-related events including complex eruptive systems during two distinct periods in the development of the western orogenic continental margin: (i) a medium-potassium calcium/alkaline volcanic arc system in late Cretaceous/early Tertiary time (the Laramide orogeny 80/50 million years ago); and (ii) a high-potassium calcium/alkaline volcano-plutonic arc system in middle Tertiary time (30/15 million years ago). &nbsp;The hydrothermal-magmatic vein and pegmatite type deposits are probably Precambrian in age and the syngenetic sedimentary and volcanic deposits range in age from Cambrian to late Tertiary (or younger).</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Mineralization</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>Mineralization in the Pinos Altos mining district consists of numerous narrow carbonate veins containing varying amounts of cobalt and nickel, silver, uranium and arsenic. &nbsp;This is a geologic type of mineral deposit generally called &#8220;five element veins.&#8221; &nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Metallurgy</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development. &nbsp;The Company has not conducted a preliminary economic assessment of the project.</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'><I>Power and Water</I></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>The Company will be required to store water in a water tank to be placed on the property, for its water source. &nbsp;The Company will be required to place a generator on the property for electricity. </P>
<HR style='page-break-after:always;border:0;height:3.75pt;background-color:#919191;margin:15pt 0'><P style=line-height:0;margin:0></P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'><A name=page_3 /><B>SIGNATURE</B></P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.</P>
<P style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&nbsp;</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>SANTA FE GOLD CORPORATION <BR>(Registrant)</P>
<P align=center style='font:10pt Times New Roman;margin-top:5pt;margin-bottom:5pt'>&#160;</P>
<TABLE align=center style=border-collapse:collapse;width:100%><TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Date: October 5, 2018 </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'><FONT style='border-bottom:1px solid #000000'>/s/ Frank Mueller </FONT></P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>&#160; </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Frank Mueller </P>
</TD></TR>
<TR><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>&#160; </P>
</TD><TD valign=top style=padding:0.75pt><P style='font:10pt Times New Roman;margin:0'>Chief Financial Officer </P>
</TD></TR>
</TABLE>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
<P align=justify style='font:10pt Times New Roman;margin:0'>&nbsp;</P>
</DIV>
</BODY>
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{"company-data": {"conformed-name": "Santa Fe Gold CORP", "cik": "0000851726", "assigned-sic": "1000", "irs-number": "841094315", "state-of-incorporation": "AZ", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-12974", "film-number": "181110793"}, "business-address": {"street1": "3544 RIO GRANDE BLVD., NW", "city": "ALBUQUERQUE", "state": "NM", "zip": "87107", "phone": "(505)255-4852"}, "mail-address": {"street1": "3544 RIO GRANDE BLVD., NW", "city": "ALBUQUERQUE", "state": "NM", "zip": "87107"}, "former-company": {"former-conformed-name": "AZCO MINING INC", "date-changed": "19940322"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported)
October 5, 2018
SANTA FE GOLD CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-20430
84-1094315
(Commission File Number)
(IRS Employer Identification No.)
P O Box 25201
Albuquerque, NM 87125
(Address of Principal Executive Offices)(Zip Code)
Registrant's Telephone Number, Including Area Code
(505) 255-4852
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
( ) Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a -12)
( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
( ) Pre-commencement communications pursuant to Rule 13e-49(c) under the Exchange Act (17 CFR 240.13e -4(c))
Item 7.01  Regulation FD Disclosure
Santa Fe Gold Corporation ("Santa Fe" or the "Company") is furnishing this Current Report on Form 8-K in connection with the disclosure of information regarding press releases previously disseminated.
The information furnished pursuant to Item 7.01 of this Current Report shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.  This Current Report on Form 8-K will not be deemed an admission as to the materiality of any information furnished pursuant to Item 7.01 in the Report that is required to be disclosed solely by Regulation FD.
The Company has identified certain statements in press releases regarding certain tonnage amounts of ore and estimated cumulative revenues.  The press releases in question are: (i) an April 13, 2017 press release stating that the Company is "developing three new mines for production with estimated cumulative revenues of $757 million as part of its ambitious new 5-year plan"; (ii) a September 29, 2016 press releasing stating that "an area known to include numerous high grade gold and silver deposits and estimated to hold upwards of 15,000,000 tons of conventional high grade ores"; (iii) a December 12, 2016 press release stating "the company recently acquired and now controls or owns approximately 53 million tons of valuable gold, silver, copper, precious and base metals"; (iv) a February 10, 2017 press release regarding certain properties with an "estimated total of which could be in excess of 3.06 million tons of ore"; (v) a March 8, 2018 press release stating "resource targets that certain properties could hold between 135 and 250 million additional ounces of silver" and "projected contained metal values in these materials are approximately $158 million and $681 million respectively for a total valuation of $839 million; (vi) a September 14, 2017 press release regarding certain properties "estimated to contain at least 135 million ounces of silver"; and (vii) a March 16, 2018 press release stating "that the Alhambra mine alone could contain a total of $839 million comprising $158 million and $681 million in place value of silver alone."  Upon further review, the projections and estimates regarding tonnage and estimated revenue stated above, as well as other related references to resource amounts and values, do not appear to have been made in conformity with SEC Industry Guide 7 with respect to releasing information regarding mineral projects and, in that context, may not have had sufficient technical or financial justification.  The Company has not conducted, to date, a preliminary economic assessment with respect to its mining rights and properties and, accordingly, reports no proven or probable reserves.  Additionally, a press release dated January 10, 2018 (the actual press release references the calendar year 2017) erroneously states that the final payment of $500,000 has been made with respect to the Alhambra mine; such payment has not been made to date.  The Company has removed these press releases from its website and these press releases should not be relied upon by investors.
Forward-Looking Statements
This Form 8-K contains forward-looking statements.  When used in this report, the words "potential", "projected", "estimates", "upwards", "indicate", "expect", "intend", "hopes," "believe," "may," "will," "if, "could" "anticipate" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, risks and uncertainty as well as those factors discussed under the heading "Risk Factors" in the Company's annual report on Form 10-K as filed on July 5, 2018 and other documents filed with the U.S. Securities and Exchange Commission. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Item 8.01  Other Events
Set forth below is a description of our mining properties and rights as of September 30, 2018 consistent with Item 1.02 of Regulation S-K.  The Company has acquired rights to five patented claims and 82 unpatented claims in the Black Hawk district of New Mexico, acquired rights to four placer claims in British Columbia, Canada, and owns an aggregate of 42 unpatented claims located in Grant County, New Mexico, and Hidalgo County, New Mexico.
Description of Black Hawk and Bullard Peak Project
We have not established that our Black Hawk and Bullard Peak rights contain proven or probably reserves, as defined under SEC Industry Guide 7.  No exploration activities have commenced to date and no exploration costs have been incurred or paid.  To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work.  The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.
The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment.  The Company lacks the capital to fund these expenditures.
Description and Access
The Black Hawk district, sometimes referred to as the Bullard Peak district, is located in Grant County, New Mexico, approximately 21 miles by road west of Silver City, New Mexico, the terminus of a branch line of the Atchison, Topeka and Santa Fe Railway.  The district is in the northeastern foothills of the Big Burro Mountains at an altitude of approximately 5,450 to 6,150 feet.  Scattered junipers, scrub oak, small pines, and brush cover the hillsides.  Most of the district is drained by way of Black Hawk Canyon which bisects the area and flows northward to Mangas Creek, but the eastern part is drained by tributaries of Silver Dale Creek, which flows northeastward to Mangas Creek.  Mangas Creek flows into the Gila River about 9 miles northwest of the mouth of Black Hawk Canyon.  The property is reached by truck on a private dirt road that turns left off a paved highway, which access road is approximately 21 miles west of Silver City.  The claims are all located within approximately 1,900 acres.
The ore in the Black Hawk district appears to be controlled by rock lithology, with the host rock being a coarse grained quartz diorite.  Vein boundaries are sharp and the vein filings are generally recognizable visually.
Acquisition and Ownership
Pursuant to a stock purchase agreement dated August 2017, the Company acquired all the capital stock of Bullard's Peak Corporation from Black Hawk Consolidated Mines Company for a purchase price of $3,000,000, of which $500,000 remains due and payable as of the date hereof and the capital stock of Bullard's Peak Corporation and the mining claims collateralize the full purchase price payment.  Title to the claims will be transferred upon receipt by seller of the full purchase price.  In August 2018, the Company was informed that the seller terminated the stock purchase agreement.  While the Company and seller are in preliminary discussions regarding payment terms for the final $500,000 purchase price obligation, there is no assurance that this stock purchase agreement will be reinstated.  Additionally, the Company granted the seller a 2% net smelter return in perpetuity.  The net smelter return is the greater of (i) all monies the Company receives for or from any and all ore removed from the property whether for exploration, mining operations or any other reason, and (ii) the fair market value of removed ore.
Patented Lode Claims
Name
MS No.
1
Alhambra Lode
MS 869
2
Kent County Lode
MS 778
3
Blackhawk Lode
MS 364A
4
Bullernat Lode
MS 546
5
Little Rhody Lode
MS 365A
6
Extension Lode
MS 772
7
Pumpkin Lode
MS 548
8
Silver Glance Lode
MS 366A
9
Good Hope Lode
MS 480
10
Chicago Lode
MS 771
11
Surprise Lode
MS 367A
12
Cornucapia Lode
MS 770
13
Stonewall Lode
MS 547
Unpatented Lode Claims
Name
BLM Serial Number
1
Alhambra Extension – Lode
NMMC 50356
2
Easy Days – Lode
NMMC 50357
3
Old Hobson – Lode
NMMC 50358
4
Argentine No. 5 – Lode
NMMC 85992
5
Argentine No. 6 – Lode
NMMC 85993
6
Argentine No. 7 – Lode
NMMC 85994
7
Argentine No. 8 – Lode
NMMC 85995
8
Argentine No. 9 – Lode
NMMC 85996
9
Argentine No. 17 – Lode
NMMC 86004
10
Argentite #1 – Lode
NMMC 64721
11
Argentite #2 – Lode
NMMC 64722
12
Argentite #3 – Lode
NMMC 64723
13
Argentite #4 – Lode
NMMC 64724
14
Argentite #10 – Lode
NMMC 64725
15
Argentite #11 – Lode
NMMC 64726
16
Argentite #12 – Lode
NMMC 64727
17
Argentite #13 – Lode
NMMC 64728
18
Argentite #14 – Lode
NMMC 64729
19
Argentite #15 – Lode
NMMC 64730
20
Argentite #16 – Lode
NMMC 64731
21
Argentite #18 – Lode
NMMC 64732
22
Argentite #19 – Lode
NMMC 64733
23
Argentite #20 – Lode
NMMC 64734
24
Argentite #21 – Lode
NMMC 64735
25
Argentite #22 – Lode
NMMC 64736
26
Contention #1 – Lode
NMMC 64719
27
Contention #2 – Lode
NMMC 64720
28
No Show #1 – Lode
NMMC 106382
29
No Show #2 – Lode
NMMC 106383
30
No Show #3 – Lode
NMMC 106384
31
No Show #4 – Lode
NMMC 106385
32
No Show #5 – Lode
NMMC 106386
33
No Show #6 – Lode
NMMC 106387
34
No Show #7 – Lode
NMMC 106388
35
No Show #8 – Lode
NMMC 106389
36
No Show #9 – Lode
NMMC 106390
37
No Show #10 – Lode
NMMC 106391
38
No Show #11– Lode
NMMC 106392
39
No Show #12 – Lode
NMMC 106393
40
No Show #13 – Lode
NMMC 106394
41
No Show #14 – Lode
NMMC 106395
42
No Show #15 – Lode
NMMC 106396
43
No Show #16 – Lode
NMMC 106397
44
No Show #17 – Lode
NMMC 106398
45
No Show #18 – Lode
NMMC 106399
46
No Show #19 – Lode
NMMC 106400
47
No Show #20 – Lode
NMMC 106401
48
Rhonda #1 – Lode
NMMC 106402
49
Rhonda #2 – Lode
NMMC 106403
50
Rhonda #3 – Lode
NMMC 106404
51
Rhonda #4 – Lode
NMMC 106405
52
Rhonda #5 – Lode
NMMC 106406
53
Rhonda #6 – Lode
NMMC 106407
54
Rhonda #7 – Lode
NMMC 106408
55
Rhonda #8 – Lode
NMMC 106409
56
Rhonda #9 – Lode
NMMC 106410
57
Rhonda #10 – Lode
NMMC 106411
58
Rhonda #11 – Lode
NMMC 106412
59
Rhonda #12 – Lode
NMMC 106413
60
Rhonda #13 – Lode
NMMC 106414
61
Rhonda #14 – Lode
NMMC 106415
62
Rhonda #15 – Lode
NMMC 106416
63
Rhonda #16 – Lode
NMMC 106417
64
Rhonda #17 – Lode
NMMC 106418
65
Rhonda #18 – Lode
NMMC 106419
66
Pec-II #1 – Lode
NMMC 106420
67
Barite – Lode
NMMC 109082
68
Barite No. 2 – Lode
NMMC 109083
69
Barite No. 3 – Lode
NMMC 109084
70
Jody #1 – Lode
NMMC 115276
71
Jody #2 – Lode
NMMC 115277
72
Jody #3 – Lode
NMMC 115278
73
Jody #4 – Lode
NMMC 115279
74
Jody #5 – Lode
NMMC 115280
75
Jody #7 – Lode
NMMC 115281
76
Jody #8 – Lode
NMMC 115282
77
Jody #9 – Lode
NMMC 115283
78
Jody #10 – Lode
NMMC 115284
79
Stonewall Surprise – Lode
NMMC 193678
80
Alhambra Extension 2 – Lode
NMMC 193679
81
No Show No. 21 – Lode
NMMC 193680
82
No Show No. 23 – Lode
NMMC 193681
Geology
The Silver City quadrangle covers approximately 20,650 square kilometers chiefly in the southern basin and range province of southwestern New Mexico and southeastern Arizona.  Bedrock of the ranges includes Precambrian igneous and metamorphic rocks, Paleozoic sedimentary rocks, Mesozoic igneous and sedimentary rocks, and Cenozoic igneous rocks.  The intervening basins, which constitute about 65% of the quadrangle's surface area, are filled with Late Cenozoic (Pliocene-Pleistocene) sedimentary deposits in places to depths of more than 1,000 meters.  The geology of each range is generally different and most rock units and pre-basin and range structures cannot be correlated across the basin areas.  The principal hydrothermal ore-forming processes in the quadrangle are believed to be attributable to subduction-related events including complex eruptive systems during two distinct periods in the development of the western orogenic continental margin: (i) a medium-potassium calcium/alkaline volcanic arc system in late Cretaceous/early Tertiary time (the Laramide orogeny 80/50 million years ago); and (ii) a high-potassium calcium/alkaline volcano-plutonic arc system in middle Tertiary time (30/15 million years ago).  The hydrothermal-magmatic vein and pegmatite type deposits are probably Precambrian in age and the syngenetic sedimentary and volcanic deposits range in age from Cambrian to late Tertiary (or younger).
Although there is some local variation in some of the districts, the five metal types of deposits in the Black Hawk district are fissure veins where the carbonate and the ore minerals fill open space caused by the fracturing.  The ore generally occurs in small high grade pods or shoots randomly distributed within the fracture zone.  The location of these open spaces is the sole recognized control of ore distribution.  The favorability of the host seems to be governed by its fracturing characteristics rather than any chemical factor.  Generally in these deposits there is one favored rock type that accounts for most of the production.  At the Black Hawk district the preferred host rock is the coarse grained quartz diorite.
Mineralization
Mineralization in the Black Hawk mining district consists of numerous narrow carbonate veins containing varying amounts of cobalt and nickel, silver, uranium and arsenic.  This is a geologic type of mineral deposit generally called "five element veins."
Metallurgy
The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development.  The Company has not conducted a preliminary economic assessment of the project.
Power and Water
The Company will be required to use water from the mine, to be stored in a water tank to be placed on the property, for its water source.  It is believed that this water will be sufficient for any development purposes.  The Company will be required to place a generator on the property for electricity.
Property History
The Black Hawk district was discovered in 1881 and was in production until the so-called "silver panic" of 1893.  Since 1893, there has been little activity in the Black Hawk district.  We believe one of the mines, the Black Hawk, was reopened in 1917 and some unsuccessful development done in the upper levels.  We further believe that the Black Hawk district was reopened at different times in the 1950's, 1960's and the 1970's, but no sustained development or production is believed to have occurred.  There has been some trenching and surface geochem work done at various times.
Description of British Columbia Claims
We have not established that our British Columbia rights contain proven or probably reserves, as defined under SEC Industry Guide 7.  No exploration activities have commenced to date and no exploration costs have been incurred or paid.  To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work.  The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.
The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment.  The Company lacks the capital to fund these expenditures.
Description and Access
The 4 placer claims are located in the Vernon mining district of British Columbia, Canada, encompassing approximately 48 hectares.  The claim acreage consists primarily of second-growth deciduous forest cover (poplar-cottonwood) in the Harris Creek valley floor.  The region is part of the Okanagan Highland with well-incised creeks bisected by a gentle rolling plateau.  The property is approximately 4 miles southwest of Lumby, British Columbia, by Highway 6, the Creighton Valley road, the Harris Creek and the Home Creek Main logging road.
Acquisition and Ownership
On November 30, 2017, the Company entered into substantially identical agreements with Fortune Graphite, Inc. and Worldwide Graphite Producers, Ltd. to acquire a total of four placer claims for aggregate consideration of Can$400,000 and the issuance of 10,000,000 shares of Company common stock.  Title to these claims remains in trust with the sellers until payment in full.  To date, the Company has paid Can$260,000.  The Company owes the sellers Can$140,000 and 10,000,000 shares of Company common stock.  The Company has been notified that it is in default and the sellers have threatened legal action.  The Company cannot predict the outcome of its default, and there can be no assurance that the Company will not lose its interest in these claims
Placer Claims
Title Number
Claim Name
Owner
Title Type
Title Sub Type
Map Number
Area
(hectares)
564090
King David's Castle
142818 (100%)
Placer
Claim
093N
18.2235
1051737
KDC EXT
142818 (100%)
Placer
Claim
093N
18.2236
633803
Harris Gold Creek Placer
132024 (100%)
Placer
Claim
082L
20.6854
1051738
HCP EXT
132024 (100%)
Placer
Claim
082L
20.6872
Geology
There has been limited regional mapping of the Harris Creek basin, and it is believed that the outcrop in the basin is Tertiary sedimentary or volcanic rocks, dating to the Harper Ranch Group of Devonian to Triassic age.  It is believed that the majority of exposed rock in stream and road cuts in the area are pelagic limy graphitic argillites with andesite bands or major dome volcanics.  Intruding the Harper Ranch Group are Jurassic age granitic rocks of the Nelson Batholith type.  These can produce narrow veins carrying gold and base metals.
Mineralization
The British Columbia claims cover a portion of the Jurassic age Nelson Intrusion cut by a swarm of parallel northeast striking faults with dyke or vein filling.  The granitic rock, likely quartz rich granodiorite, is altered in most exposures as to give the appearance of being part of the Eocene age dacite volcanics.
The majority of exposures are granitic rocks altered to yellow or orange weathering sericite rich pyrite bearing unit that is somewhat flooded with varying amounts of silica.  The altered rock is brecciated in the footwall portions of vein faults and clayed in the northwest side.
Metallurgy
The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development.  The Company has not conducted a preliminary economic assessment of the project.
Power and Water
The Company believes that it will be able to utilize water from the existing creek.  The Company will be required to place a generator on the property for electricity.
Property History
We believe that the earliest known interest in Harris Creek is the location of placer gold near the bottom of Harris Creek.  We further understand that in the 1930s, some mining activities occurred in the region with some additional work performed during the 1980s and 1990s.
Description of Additional New Mexico Claims
We have not established that our additional New Mexico claims contain proven or probable reserves, as defined under SEC Industry Guide 7.  We own 24 unpatented lode claims located in Grant County, New Mexico ("Malone Mine claims"), 16 unpatented placer claims located in the Playas Lake Bed area of Hidalgo County, New Mexico ("Playa Hidalgo Placer claims"), and two claims in the Pinos Altos Mining District of New Mexico ("Sunset claims").  No exploration activities have commenced to date and no exploration costs have been incurred or paid.  To date, the Company has not (i) commenced or adopted plans to conduct any exploration, (ii) prepared drilling plans, proposals, timetables or budgets for exploration work, or (iii) identified engineers and other personnel that will conduct or assist in any exploration work.  The Company will need to raise funds to conduct exploration work and it currently lacks firm commitment financing for any exploration activities.
The Company will need to prepare the property for exploration and drilling activities, including building infrastructure, installing facilities, and purchasing equipment.  The Company lacks the capital to fund these expenditures.
Description and Access
The Malone Mine claims consist of 24 unpatented lode claims located in Grant County, New Mexico, encompassing approximately 480 acres.  The property is situated approximately 17 miles northeast of Lordsburg township, New Mexico, and is easily accessible from State Highway 90 which connects Lordsburg and Silver City, by turning north onto the Mill Canyon Road (Forest Road No. 859).  A drive of approximately 3 miles reaches the southern claim boundary.
The Playas Hidalgo Placer claims consist of 16 unpatented placer claims located in the Playas Lake Bed area of Hidalgo County, New Mexico, encompassing approximately 320 acres.  The Playas is an area in a dry lake bed, about 5 miles west of Lordsburg, encompassing in excess of 50 square miles.  It is flat and unencumbered, easily accessible from the major artery, I-10, headed west toward Tucson from Lordsburg.  The lake has been the repository of run-offs and streams from the Burro Mountains.
The sunset lode and sunset placer claims, the Sunset claims, are situated in the Pinos Altos Mining District of Grant County, New Mexico, encompassing approximately 20 acres.  Both claims are on the same 20 acres, accessible from Highway 15/Bear Creek Road outside of Pinos Altos, via a dirt road.  The claims bounded on the north end by the south end of the Navajo claim and bounded on the south end by the north end of the Grey Eagle patented claim.  The Sunset claims include all veins, deposits and the surface ground.
Acquisition and Ownership
The Company acquired the Malone Mine claims, Playa Hidalgo Placer claims and the Pinos Altos claims for an aggregate of $500.  In September of each calendar year, the Company is required to renew these claims at a price of $155 per claim.  Failure to renew will result in the loss of such claims.
Unpatented Malone Mine Lode Claims
Name
BLM Serial Number
1
Malone #8 – Lode
NMMC 198189
2
Malone #9 – Lode
NMMC 198190
3
Malone #10 – Lode
NMMC 198191
4
Malone #11 – Lode
NMMC 198192
5
Malone #12 – Lode
NMMC 198193
6
Malone #13 – Lode
NMMC 198194
7
Malone #14 – Lode
NMMC 198195
8
Malone #15 – Lode
NMMC 198196
9
Malone #16 – Lode
NMMC 198197
10
Malone #17 – Lode
NMMC 198198
11
Malone #18 – Lode
NMMC 198199
12
Malone #19 – Lode
NMMC 198200
13
Malone #20 – Lode
NMMC 198201
14
Malone #21 – Lode
NMMC 198202
15
Malone #22 – Lode
NMMC 198203
16
Malone #23 – Lode
NMMC 198204
17
Malone #24 – Lode
NMMC 198205
18
Malone #1 – Lode
NMMC 198961
19
Malone #2 – Lode
NMMC 198962
20
Malone #3 – Lode
NMMC 198963
21
Malone #4 – Lode
NMMC 198964
22
Malone #5 – Lode
NMMC 198965
23
Malone #6 – Lode
NMMC 198966
24
Malone #7 – Lode
NMMC 198967
Unpatented Playa Hidalgo Placer Claims
Name
BLM Serial Number
1
SP #1 – Placer
NMMC199275
2
SP #2 – Placer
NMMC199276
3
SP #3 – Placer
NMMC199277
4
SP #4 – Placer
NMMC199278
5
SP #5 – Placer
NMMC199279
6
SP #6 – Placer
NMMC199280
7
SP #7 – Placer
NMMC199281
8
SP #8 – Placer
NMMC199282
9
SP #9 – Placer
NMMC199283
10
SP #10 – Placer
NMMC199284
11
SP #11 – Placer
NMMC199285
12
SP #12 – Placer
NMMC199286
13
SP #13 – Placer
NMMC199287
14
SP #14 – Placer
NMMC199288
15
SP #15 – Placer
NMMC199289
16
SP #16 – Placer
NMMC199290
Unpatented Pinos Altos Claims
Name
BLM Serial Number
1
Sunset Lode Claim
NMMC 31632
2
Sunset Placer Claim
NMMC 31633
Geology
The Silver City quadrangle covers approximately 20,650 square kilometers chiefly in the southern basin and range province of southwestern New Mexico and southeastern Arizona.  Bedrock of the ranges includes Precambrian igneous and metamorphic rocks, Paleozoic sedimentary rocks, Mesozoic igneous and sedimentary rocks, and Cenozoic igneous rocks.  The intervening basins, which constitute about 65% of the quadrangle's surface area, are filled with Late Cenozoic (Pliocene-Pleistocene) sedimentary deposits in places to depths of more than 1,000 meters.  The geology of each range is generally different and most rock units and pre-basin and range structures cannot be correlated across the basin areas.  The principal hydrothermal ore-forming processes in the quadrangle are believed to be attributable to subduction-related events including complex eruptive systems during two distinct periods in the development of the western orogenic continental margin: (i) a medium-potassium calcium/alkaline volcanic arc system in late Cretaceous/early Tertiary time (the Laramide orogeny 80/50 million years ago); and (ii) a high-potassium calcium/alkaline volcano-plutonic arc system in middle Tertiary time (30/15 million years ago).  The hydrothermal-magmatic vein and pegmatite type deposits are probably Precambrian in age and the syngenetic sedimentary and volcanic deposits range in age from Cambrian to late Tertiary (or younger).
Mineralization
Mineralization in the Pinos Altos mining district consists of numerous narrow carbonate veins containing varying amounts of cobalt and nickel, silver, uranium and arsenic.  This is a geologic type of mineral deposit generally called "five element veins."
Metallurgy
The project requires further evaluation of its mineralogical makeup and economic modeling to determine the appropriate course for any potential future development.  The Company has not conducted a preliminary economic assessment of the project.
Power and Water
The Company will be required to store water in a water tank to be placed on the property, for its water source.  The Company will be required to place a generator on the property for electricity.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereto duly authorized.
SANTA FE GOLD CORPORATION
(Registrant)
Date: October 5, 2018
/s/ Frank Mueller
Frank Mueller
Chief Financial Officer