HIGH QUALITY, EARLY STAGE PROSPECTS, INCLUDING SEDIMENT HOSTED GOLD, EPITHERMAL GOLD-SILVER AND PORPHYRY COPPER TARGETS WITHIN THE GREAT BASIN GEOLOGICAL PROVINCE, A PROLIFIC PRODUCING DISTRICT.
Selex Resources Ltd is a private Ontario company with a wholly owned U.S. subsidiary incorporated in Nevada. Based on extensive Nevada experience, the company has acquired three high-quality properties in productive rocks with promising surface indications of gold, silver and copper. Selex will continue developing a portfolio of properties in Nevada, a part of the Great Basin with a rich mining history and productive future, for all three metals. Selex will actively seek joint venture partners to maximize exploration dollars, particularly at the drilling stage.
The company has raised most of planned initial seed capital of $150,000 at CND $0.10 per share. On completion, with founder’s equity of 960,000 shares, issued shares outstanding will be 2.46 million shares.
Selex plans a further round of private financing for approximately $1 million for early stage field work on up to five selected properties including those already acquired by staking. The objective of initial field work is to identify drill targets prior to seeking public listing.