Summary:Gold Mining leases cover part of the Historic Etheridge Goldfield, Georgetown & at Palmer River.Georgetown a Goldfield which yielded 0.7 million troy ounces of gold worked between 1877 & 1920Location Details:Centered about 15km southwest of Georgetown in Central Far North Queensland. Georgetown is approximately six hour drive west of Cairns and is accessed by the Gulf Development Road after travelling through the Atherton Tablelands. Potential:Gold is making a very significant statement with spot price, world-wide of $1,753 per troy ounce. With the leases in place and the Exploration Permit mining to be re-instated, potential investors can make an immediate start to produce gold. David Chant, Geologist Assessment report covers all aspects of what we have for sale. Project Management Company is ready to conduct the task of production. Historic facts are that 0.7 million ounces of gold was mined here, mainly in the period of 1877-1920. Investor/Purchaser can own an alluvial gold mineSkills:The Project Management Company has the experience, skill and knowledge to run a successful gold mine. From the equipment, staff, management and mining skills to be able to produce a projected 3445 troy ounces in the first year. Year two and three projected 6891 p.a. Trident Mining and Marine Services Pty Ltd Brisbane, the contracted company to make this a success. The addition to the Georgetown leases are those at the Palmer River further north with some 140 hectares of alluvial gold to be mined.Lease:Mining Leases are held with Government approvals on the land to be mined. The landowner has ownership of all the landEmployees:With the Project Manager, Site Manager and five employeesReason for Sale:Current owner is nearing retirement age and the new equipment available worldwide is much more technology related and a necessity in the future of a successful mine producing gold. The latest equipment is allowed for in the business plan noted in the costings spreadsheets.History:Mining Leases were pegged in the latter half of the 1980′s. Present owner purchased the lease in 2009. Historic Eheridge Gold Fields which yielded 0.7 million troy ounces of hold mainly worked between 1877 & 1920.About the Business:The $5 million will secure the leases, and some equipment. Enable the new equipment to be bought in from South Kora, capital costs. Set up the camp and buildings for the staff to live on-site. Cover operational costs. Employment Costs and overhead costs. This history of successful mines, has been an accurate and viable business plan, good day to day management, security and a geologist report that projects the return of gold per cubic metre of ore mined is within the returns required.Projections for years 1 to 2 are:Year 1 3445 troy ounces @ $1,753.97 per ounce = $6,042,246.65Year 2 & 3 6891 troy ounces @ $1,753.97 per ounce = $12,086,607.27