DESCRIPTION: Pediment Gold Corp. has one discovery project and two brown-fields projects. The discovery project, San Antonio, hosts a Measured and Indicated Resource of 1.53 million oz gold and inferred 111,000 oz of gold; La Colorada hosts a historical gold resource and an underground high-grade vein potential. The company has a robust treasury of $15million and no debt, and has a solid and highly experienced management team.
Watch Jay Taylor Discuss Pediment Gold on BNN (1/25/10). Click here to listen to Al Korelin (Korelin Economics Report) interview Pediment President Gary Freeman (11/3/09) Jay Taylor gets an update on Pediment Gold from Gary Freeman, Director and President. (10/20/09) WEBSITE: http://www.pedimentgold.com/s/Home.asp MD&A Q1-09Finl Stmt. Q1-09
The information below is based on the most recent information we have
received from analysts and the companies participating in The Gold Report.
We encourage you to visit the company's web site for updates.
"Pediment Gold spent two years negotiating with surface rights owners across its vast Baja Peninsula concessions, called the San Antonio Project and got the majority of property rights owners to accept payment for their parcels.
The ejido payoff is now. Pediment VP of Exploration and Geologist Mel Herdrick and a tight team of young negotiators got 133 of the 145 ejido property rights owners for the San Antonio gold property to sign on the line.
The San Antonio project, in my recent visit, appears to offer the prospect of an entire district for gold mining on the Baja California peninsula. Pediment controls mineral rights for concessions surrounding nearly all of San Antonio, CEO Gary Freeman says.
Mel Herdrick, back home this week in Hermosillo on the Mexico mainland, is in the midst of a second gold and silver project, (see detailsvia Stockhouse) for Pediment Gold's La Colorada concession about an hour or less from the Sonoran city.
'It is always good to have them on your side – the ejido community,' CEO Freeman says about those who have long-standing property rights thanks to government agrarian reforms. (The Mexican Government owns mineral rights; individuals and communities own surface and water rights.)
The ejidos are becoming central to Canadian miners' efforts to move it along when it comes to silver and gold assets."
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Stockhouse, Thom Calandra (12/21/09)