Item 8.01 Other Events
On October 9, 2009 we received a Letter of Intent ("LOI")offering $10 million
for the purchase of our Gold Bar mill from LWMG, LLC ("LWMG"), a private
exploration and mining company with mining interests in Nevada and Utah. The
Gold Bar mill is a 3,500 to 4,000 ton-per-day ("tpd") carbon-in-pulp ("CIP")
gold mill located 25 miles northwest of Eureka, Nevada that we have owned since
2004. The Company's press release announcing the letter of intent and the letter
of intent itself are attached hereto as exhibits.
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