Founded in 2007 and based in Las Vegas, Nevada, Consolidation Services Inc. is focused on acquiring, operating and developing domestic natural resources. The company currently owns oil and gas wells along with oil and gas mineral rights on approximately 13,500 acres in eastern Kentucky and Tennessee.
Through its wholly owned subsidiary CSI Resources, Consolidation Services recently entered into a definitive Stock Purchase Agreement (“SPA”) to acquire Elkhorn Goldfields Inc. (“EGI”) and Montana Tunnels Mining Inc. (“MTMI”) from Elkhorn Goldfields LLC. The EGI Property has four known mineralized deposits – Golden Dream/Sourdough, Gold Hill, East Butte and Carmody.
Due to the higher grade gold values identified, ore delineation drilling has been focused on the Golden Dream Deposit, which currently has an underground mineable reserve of 1.2 million tons containing approximately 260,000 ounces of gold and 8.5 million pounds of copper. Commencing with the original discovery drill hole in 1984, approximately $40 million has been spent to delineate a 1.6 million oz gold resource on the EGI property.
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