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stockwhiz85 · Wed, 04-30-2008, 04:14 AM

Nilam Resources Inc. (NILR) is a production stage mining company, focused on acquiring, exploring and developing gold mineral properties in Peru. The Company has already acquired two mineral concessions in Peru, is closing on the purchase of a third property, and is actively pursuing additional acquisitions in Peru and other South American countries.

The Company has formed a wholly-owned subsidiary, Nilam Resources Peru SAC, to acquire, explore, develop and manage its Peruvian mineral properties. In addition, NILR has recruited highly experienced mining executives and managers to oversee its operations in Peru and further develop its assets in that country.

NILR has three mineral properties. The Company's flagship property is the Pativilca property, a 2,100-hectare property with a fully operating gold processing plant. The Pativilca processing plant currently processes 50 tons of ore per day, with an average grade of over 1/2 ounce of gold per ton. Annual revenues from current gold production are expected to exceed $10 million annually. NILR plans to expand plant production capacity to 500 tons of ore per day. At that production rate, revenues would range between $90 and $100 million annually.

The Llipa property covers approximately 1133 hectares and has several developed mining shafts. Mining operations on the Llipa property ceased 20 years ago. The El Varon property has never been developed. The Company has completed preliminary analysis of the Llipa and El Varon properties and is evaluating the results, which will be used to develop full exploration and drilling programs for these concessions.

Wed, 04-30-2008, 04:14 AM	#1 (permalink)
stockwhiz85 Super Moderator Join Date: Jan 2007 Posts: 238	Nilam Resources Inc. (NILR) Nilam Resources Inc. (NILR) is a production stage mining company, focused on acquiring, exploring and developing gold mineral properties in Peru. The Company has already acquired two mineral concessions in Peru, is closing on the purchase of a third property, and is actively pursuing additional acquisitions in Peru and other South American countries. The Company has formed a wholly-owned subsidiary, Nilam Resources Peru SAC, to acquire, explore, develop and manage its Peruvian mineral properties. In addition, NILR has recruited highly experienced mining executives and managers to oversee its operations in Peru and further develop its assets in that country. NILR has three mineral properties. The Company's flagship property is the Pativilca property, a 2,100-hectare property with a fully operating gold processing plant. The Pativilca processing plant currently processes 50 tons of ore per day, with an average grade of over 1/2 ounce of gold per ton. Annual revenues from current gold production are expected to exceed $10 million annually. NILR plans to expand plant production capacity to 500 tons of ore per day. At that production rate, revenues would range between $90 and $100 million annually. The Llipa property covers approximately 1133 hectares and has several developed mining shafts. Mining operations on the Llipa property ceased 20 years ago. The El Varon property has never been developed. The Company has completed preliminary analysis of the Llipa and El Varon properties and is evaluating the results, which will be used to develop full exploration and drilling programs for these concessions.