Eastern Goldfields, Inc., through its subsidiaries, engages in the acquisition, development, exploration, and mining of gold properties. The company holds mineral claims covering 16,000 hectares (approximately 40,000 acres) in the Barberton Greenstone Belt of South Africa. Eastern Goldfields Limited (EGL) The company’s claims encompass approximately 21,338 acres of exploration ground. This area includes portions of the Sheba Hills Claims Group, the Jamestown West Claims Group, the Barberton Townlands Claims Group, the Albion Claims Group and the Worcester Claims Group. Barbrook Mines (Pty) Limited Barbrook consists of a mining authorization covering 2,286 hectares. The main area of concentration is the Barbrook Mine which is situated on the main road between the towns of Kaapmuiden and Barberton and approximately 65 kilometers from the city of Nelspruit. Makonjwaan Imperial Mining Company (Pty) Limited (MIMCO) MIMCO is a South African company with its principle business activity being that of gold mining activities. It holds interests in approximately 1,040 hectares. The main area of concentration is the Lily Mine which is situated on the main road between the towns of Kaapmuiden and Barberton and approximately 70 kilometers from the city of Nelspruit. Eastern Goldfields Exploration (Pty) Limited (EGE) EGE is a South African company with principle business activity is that of a holder of mineral rights in the Barberton greenstone belt of South Africa. It holds interests in 6,772 hectares. These claims include the Sheba Hills area which is in the northeast trending strip of mountainous country between the Sheba Mine (Barberton Mines Limited – Metorex Group) and Lily Mine. Centurion Mining Company (Pty) Limited (Centurion) Centurion is a South African company with its principle business activity being that of gold mining activities. It holds interests in 1,367 hectares. Reserves As of December 31, 2008, the company’s proved mineral reserves amounted to 200,000 tons. Its probable mineral reserves relate only to underground mineral resources at Lily Mine amounting to 5.2 million tons.
eastern goldfields inc (EGDD:OTC US)
1660 Hotel Circle North
San Diego, CA 92108-2808
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