Track Record - Discovery / Development
William R. Henkle - Chief Geologist
Both as a company employee and a consultant, Mr. Henkle has participated
in a number of exploration discoveries and/or natural resource development
projects. His most significant discovery / development experience
WESTERN GEOTHERMAL PARTNERS - NV, CA - USA - Principal
responsibility for prospect / play identification. Twelve prospects
were generated, encompassing ~ 60,000 acres federal lands in Nevada
and Salton Sea area of California. Prospects were successfully
optioned to a Canadian junior exploration stage company. Western
Geothermal Partners investors realized a 600% ROI from the sale
of these geothermal leases. WGP retains a 1% royalty position
on future electricity production from these prospects.
IGOR GOLD - COPPER PROSPECT- La Libertad, Peru -
This prospect has two distinct targets, a small but rich bulk
mineable sandstone hosted gold - silver target and a large buried
porphyry gold - copper target. Acted as Management Consultant
advising Canadian junior exploration company on conduct of it's
precious metals and copper exploration program. Key Man involved
in formulating an exploration model to test for the buried porphyry
copper - gold target at the Igor Concession in La Libertad Dept.
The company recently announced that two drill holes had intercepted
mineralized porphyry, thus validating the exploration model.
Additional drilling is planned to further delineate this very
large target. The sandstone-hosted Au - Ag target area hosts a
resource estimated at a total of 202,200 oz Au equivalent. This
resource is in an open pittable configuration with <1/1 strip
ratio. Involved in the initial decision to acquire this prospect.
CASTANOLI NATURAL GAS PROJECT- W.VA, USA - Acquired
an undrilled 100 acre fee oil & gas lease located in the Julian
Gas Field. The lease was assigned to The Petroleum Synergy Group
(PSG) of Reno, NV, which subsequently drilled two 4000 ft. wells
on the property. Both the Castanoli #1 and #2 wells were successful
and the lease produces ~ 75 mcf/day, which is sold to Columbia
Natural Resources. HAOG2 has a 10% working interest in the
lease and anticipates significant future cash flow from this project.
HOAG2 investors have received dividends of up to 50% of the initial
investment as of Jan. 2009.
FLOWERY GOLD PROJECT- NV, USA - Both as Chief Geologist
of Alhambra Mines, Inc., and as a consultant, Mr. Henkle was one
of three key team members involved in the selection of and permitting
of this project for production. The geology of the Flowery Sub
district of the Comstock Lode of Nevada consists of volcanic hosted
quartz stock work veins with gold and silver credits. Initial
reserve/resource projections for the property were for approx.
1,000,000 tons overall with 0.06 opt gold equivalent ounces
(60,000 ounces). Property has since been mined out and reclaimed.
MONARCH PASS LIMESTONE QUARRY - As consultants
to U.S. Lime & Minerals, delineated mining potential of this
property and participated in permitting effort. The property,
was thought to be nearly mined out. Conducted a detailed geologic
mapping program and structural analysis of the property. Discovered
several faulted extensions to the limestone target unit, and also
discovered that an underlying dolomitic unit was ore grade material.
Current resource projections for the property are approximately
14 million tons of metallurgical grade limestone and 48 million
tons of chemical grade dolomite. USLM is currently producing
from this property and initiated mining in Spring 1998.
BOREALIS GOLD PROJECT- NV, USA - Conducted a 2.5
year effort to locate N. American based mid-size potential acquisition
targets. Objective of the program was to acquire drilled out reserves/resources
at a discount price. Project culminated with acquisition of a
32% share of the Borealis property with over one million ounces
of drill defined measured/indicated in-place gold resource. Purchase
price for the 32% interest was less than US$1.00/defined ounce
of in-place resource. This position was later vended to the
68% partner company for a 15% equity interest in the partner company
with options to acquire a 25% interest. Acted as both lead technical
evaluator and as lead negotiator for this transaction.