Thanks for visiting the Bullion Monarch Mining, Inc. website. I hope you find this site interesting and informative. For you who are already shareholders we want you to know this is your company and invite your thoughts and ideas. For those of you who are visiting I hope you will find information about a dynamic company with a compelling plan for growth and new innovative ideas.
Bullion’s emphasis is with some of the most desired natural resource commodities; gold, silver and oil. Bullion, through M.M.&S. Exploration was a pioneer in the Carlin Trend, in the state of Nevada. The Carlin Trend is the most prolific gold region in the United States and the second richest in the world. The company was the first to recognize the existence of microscopic gold deposits in the Carlin trend, which are invisible to the naked eye but extracted easily. This recognition was vital to spurring the production of over 75 million ounces of ore from the renowned Carlin Gold Trend since the 1950’s. Today, millions of ounces of gold are being processed in the Carlin Trend by the largest gold mining companies in the world. Bullion is currently benefitting financially from deals it made during its pioneering activity in the early days in the Carlin Trend.
At Bullion we believe our situation in the oil shale industry bears an important similarity to our early involvement in the Carlin Trend. Today Bullion is a pioneer in the mining and extraction process of oil from oil shale just as it was a pioneer in the mining of microscopic gold back in the early days of the Carlin Trend. One difference is that today, Bullion is in a much stronger financial position and can therefore reap even greater financial rewards from oil shale than we did from our pioneering days in the Carlin Trend. Once again we have shown our ability to be in the right place at the right time. Over the past months Bullion has focused its resources on the production of oil from shale. Now the focus of the rest of the world has been placed right where Bullion is already positioned, because of recent comments by President Bush and other national leaders who are beginning to recognize the value of recovering the huge oil resources trapped in the shale of the Green River Formation.
The extraction of oil from oil shale could change the economic and political climate in the world by eliminating U.S. dependence on foreign oil. In the Green River Formation, there are over two trillion barrels of oil in oil shale; mostly in Utah, Wyoming, and Colorado. These two trillion barrels of oil, represent more than twice the world’s known reserves of liquid oil. Bullion Monarch owns 80% of its subsidiary EnShale Inc., which controls approximately 667 million barrels of oil in their leased oil shale lands, according to USGS estimates. (Investor Caution: these reserves are not “proven or “probable” as defined by the United States Securities and Exchange Commission.) Bullion Monarch having a stable cash flow from our Newmont Mining royalties, allows us to more rapidly advance our work in oil shale and explore and develop our most promising properties. We look forward to a rewarding and financially successful future and to being an integral part of U.S. economic and energy policy solutions, which will better the lives of all Americans.
R. Don MorrisPresident and CEO
Bullion Monarch Mining Inc.
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