PLACER MINING CORP
Exploration & Mining
Projects
Gold Nugget Mine in Quartzsite Arizona has an approved permit for exploration and we plan on applying for a plan of operation by September 2008. The Gold Nugget project consists of thirty 20 acre parcels. The main concentrations of placer gold are located in Italian Wash on the west side of Guadalupe Mountain and Poorman’s Wash on the east side of the mountain. The Gold Nugget mine was previously a hard rock operation dating back to the turn of the century. Many large gold nuggets have come from this area.

Plomosa 7 is 640 acres and is located on the west side of the Plomosa Mountains and is currently being funded for exploration and operations. The claims have numerious wash's and benchs and have been tested for gold content. In May 2008, Craig T. Parkinson, Geologist evaluated the Plomosa 7 project and determined that it would be feasible for a commercial gold operation.


Morgan’s Wash Project is located in Yuma Arizona in the Las Flores Mining District. Historical data reflects the area was first worked by the Spanish as early as the 1600’s, and later during the Arizona Gold Rush and the Great Depression. Placer gold recovered during testing indicates high purity of 91-94%. During testing with our geologist it was determined that the area was averaging .16 ounce gold per yard. The area also produces small irregular nuggets which make up 1/3 of the gold recovered. Placer Mining Corp is in the process of obtaining a permit to test 1000 tons of the gravel in Morgan’s Wash.


Plomosa 5 Project is located in Quartzsite Arizona and has been evaluated by our geologists to ascertain gold values located on this 640 acre project. The main channel on the claim is Plomosita Wash. Preliminary gold values indicate 1/10 of an ounce per yard with scattered nuggets throughout the gravels. The area shows considerable exploration work in the past and test holes drilled 75’ indicate 6-8 ounces of free gold to the ton on bedrock and the black sand carry’s platinum group metals. This project is currently being reviewed by a group in Alaska for a Joint Venture.


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