GARNEX intends to conduct exploration for gold, silver and base metal deposits and mineral targets. Our strategy is to explore for gold, silver and base metal deposits, forming joint ventures with other companies who will potentially earn their interest in the property by contributing cash. The revival of operations in old districts can be easily justified on the basis of increased prices of precious metals in the last decade and advances in the technologies of exploration and mining. Garnex purchased the Garnet Mine project for $4 million, which consists of 4,300 acres of land consisting of 23 patented mining claims and 188 unpatented claims. Total area is in excess of 6.6 square miles, located in Western Montana near the city of Missoula.
Several important corporate priorities set by GARNEX’S management are expressed by the choice of these abandoned mines, exploration projects, and prospects. There are certain priorities that may contribute to the strategic advantages of GARNEX’S operations, as well as advantages, efficiencies, economy, and cost savings. These priorities are:
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