In 2007, Ireland acquired the rights to acquire up to 100 percent of two mining properties, both of which are prospective for gold and other minerals. The Company has now completed the acquisition of 100 percent of the Columbus Project and maintains an option to acquire up to 100 percent of the Red Mountain Project.

Columbus Project

Red Mountain Project

Description

• Located approximately halfway between Las Vegas and Reno, specifically over the Columbus Salt Marsh in Esmeralda County, Nevada.
• Mineralized area with significant historical production of silver in surrounding mountains.
• Consists of 19,738 acres with the option to expand to 43,258 acres (380 presently permitted for production).
• New geologic modeling has outlined seven mineralized zones with a total inferred geological resource of 343.9 million tons with an average grade of 0.040 opt gold equivalent (calculated at gold plus .013 silver).
• Installation of precious metals leach circuit to the onsite pilot plant has been completed. Upon completion of testing and optimizing circuit, Ireland expects to commence operations.

New Recent Milestones

• Identified an environmentally neutral direct solution leach  process.
• Recently completed 9 bulk scale tests on sand material.  The grade of the concentrates was determined by caustic fusion and confirmed by fire assay.  Concentrate was leached with average net recovery of 86%.
  
• Completed two bulk tests on clay material (~2,000 lbs each); extracted ~70- 83 of head grade Au and Ag as metal-in-hand with a simple direct leach  process.
• Completed new geologic modeling report.

Development Program

• Determine project reserves - expand and infill drilled area with drill and bulk sampling programs.
  
• Determine project prefeasibility and feasibility - optimize  extraction process while operating on-site pilot plant and finalize mining and production process.
• Installation of pilot scale equipment onsite and additional bulk scale tests to confirm and optimize extraction of precious metals from sand.
  
• Determine costs for full production.
• Commence feasibility report for first production module.

Description

• Located at base of Red Mountain in historical Rand Mining District in San Bernardino County, California.
• More than $5 million has been invested by previous owners in sampling and metallurgical testing over 23-year period.
• Potential for a gold, tungsten and silver resource.
• Project appeal relates to its size, economic potential and the lack of complexity in proposed development plan.

  Not in Active Development