THE DEADWOOD MINE

The Deadwood is a Patent Claim that has a history of excellent production.

This mine was shut down during World War II and was never really re-activated.

Two major gold bearing veins run the length of the Deadwood claims for approximately 3000 feet.

The mine has been partially developed to a depth of 600 feet.

Historical testing by ASARCO (a large mining company) blocked out substantial reserves of gold and silver between the 600 foot level and the surface based on the evaluation of only the existing tunnel system. The gold bearing system is open at the ends and at depth with proven economic gold and silver on the same structure to the 1,100 foot level on a neighboring claim.

Mr. Michael Dufresne, M.Sc., P.Geol. a principal of APEX Geoscience Ltd. is the Company's Qualified Person for this project.

A joint venture agreement for exploration and development of the Sunburst and Deadwood claims that Micrex announced in 2006 has expired.

Although Micrex currently owns 100% of this property, in 2009 the Company entered into an option agreement which enables the buyer to purchase a 75% working interest in the Deadwood and Sunburst properties by paying $600,000 plus interest to Micrex by January 1, 2011. The agreement also entitles the buyer to purchase a 100% interest and gain title to the properties if they pay an additional $200,000 by that date.

This page was updated on May 25, 2010.