Goldland Holdings Co. engages in the acquisition, exploration, and leasing of mineral properties. The company owns land and lease claims on War Eagle Mountain in the state of Idaho. The company has entered into a lease agreement with Silver Falcon Mining, Inc. (Silver Falcon) under which Silver Falcon is entitled to mine the land and the company is entitled to a 15% royalty on all minerals extracted by Silver Falcon from tailing piles on the premises or through shafts or adits located on the premises. Mining Properties The company has various land and mining claims on and near War Eagle Mountain, Idaho. War Eagle Mountain is located about 60 miles southwest of Boise, Idaho, and about 1 mile east of Silver City, Idaho. The company’s property on War Eagle Mountain is a combination of owned land and mining claims. The company owns an undivided 29.167% fee title interest on 7 patented properties, and 15 unpatented lode mining claims, which the company leases to Silver Falcon under a lease. Seasonality Weather conditions would affect the ability of Silver Falcon to mine ore from its property. From November to April of each year the road to the top of the mountain property is impassable because of snow but access through the Sinker Tunnel is available year round. Silver Falcon intends to mine and deliver ore to the mill it has erected at the base of the mountain from the Sinker Tunnel to ensure a steady stream of revenues throughout the year. Regulation Silver Falcon is subject to the Mine Safety and Health Act of 1977, which is administered by the Federal Mine Safety and Health Administration (MSHA). MSHA has the power to make routine surprise inspections. History Goldland Holdings Co. was founded in 1989.
goldland holdings co (GHDC:OTC BB)
1001 3rd Avenue West
Bradenton, FL 34205
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