Bullion Monarch Mining (BULM) 250 sq mile Area of Interest in the Carlin Trend

Bullion’s interests in the renowned “Carlin Trend” in Northeast Nevada date back to the late 1950’s. Bullion the successor to M.M.&S. Exploration Co. and with the early efforts of their C.E.O. Robert D. Morris Sr. were able to operate the first two producing mines in the district, the Bootstrap Mine and the Blue Star Mine.

The Carlin Trend in Northeast Nevada is the richest and most prolific gold producing region in the Americas, now rivaling the productive South African, Witwatersrand gold mines. The two largest gold mining companies in the world Newmont Mining and Barrick Gold each have their major operations in the Carlin Trend.

Robert D. Morris, Sr. in the late 1950’s and early 1960’s working in conjunction with Dr. Ralph Roberts proved the viability of producing gold from rock with the gold not visible to the naked eye. Dr. Roberts was the theory behind the possibility and Robert Morris Sr. was the proof of the theory. This early work was the basis for more than 80 million ounces of gold approximately (USD $88,000,000,000) billion at today’s prices produced and probably more than 100 million ounces still to be mined.

The Company has held interests in the prolific mining district for over 60 years. Bullion was one of the very first to recognize the value of sub-microscopic gold within the Roberts Mountain Thrust Fault in North East Nevada. Robert Morris Sr. was instrumental in Newmont Mining’s early interest in the area as he was a former employee of Newmont in the Grass Valley “Mother Lode Region” and a personal friend of Fred Searles, Newmont’s President.

Bullion currently holds a 1% net smelter return royalty by virtue of a May 10, 1979 agreement, whereby they are to receive a 1% royalty over an area of interest covering over 250 sq. miles. Many of the major gold producing mines within the Carlin Trend lie within this area. Newmont Mining and American Barrick are currently mining several properties in the area.

Bullion Area of Interest Aerial Photo

Bullion currently is in litigation over unpaid royalties that are due and contested future royalties. The law firm of Robison Belaustegui, Sharp & Low have agreed to litigate the lawsuit on a contingency basis and feel strongly about the merits of the case.

The combination of past royalties due, current royalties being paid and future royalties could put Bullion in a much stronger cash position.

My Initial Report

Disclosure: LONG BULM