BajaGoldCo, Inc.

Company Description

Our company, BajaGoldCo, Inc., owns the concessions to the former Rens-Diaz gold mine which until the death of Founder Luis Diaz in 1998, was in production for over 20 years. Upon the demise of Mr. Diaz his partner. Dr. Robert Rens, a practicing dentist, maintained the concessions however all of the equipment was illegally removed by trespassers. Dr. Rens is a co-founder of our company and we are in the process of obtaining what is known as an NI 43-101 report which is the industry standard for determining a mine's reserves.Our mine had been producing approximately 150 ounces per month utilizing antiquated equipment and we intend to commence a drilling-exploration program alongside a pilot production facility which will produce gold and silver by January 15, 2013 or sooner.For further detailed information, please look at our website, *****. There is a video of one of our trips to the mine as well as photos of the mine then and now. There is also much historical information, geological information and a copy of an article that appeared about the area and our mine, not to mention a "find" of a four pound nugget, in the October 2008 issue of Prospecting and Mining Journal.HistoryIn 1860 rumors of a gold strike in lower California surfaced in San Diego. This precipitated a minor gold rush into the area. Mining in this area resulted in a village of over 1, 200 people.The village of Real del Castillo became the seat of government for Baja California Norte (1873). Mining for the most part consisted of small holdings worked by individuals with little or no capital. Among the significant mines were the El Puelbo (David Goldbaum), the Castillo (Eulogio Romero) and the San Nicholas owned by Louis Mendelsohn (Southworth 1899). This mine operated for ten years and produced over 100, 000 ounces of Gold. At its height it employed over 100 men. Among the amenities was a ten stamp mill. Mendelsohn sold his share of the San Nicholas in 1883.The new operators were inexperienced and lacked capital. At 80 feet they struck water and shortly after abandoned the mine. An effort was made, five years later, to dewater the mine. A 6-inch steam pump was purchased but before it could go into operation the new proprietor of the mine died. Wars, revolutions, the devastating flood of 1890 which wiped out one half of the village, outdated technology and lack of capital, contributed to the demise of mining in the Real del Castillo area. In addition, at depth mining struck complex ores beyond their capacity to treat. Unlike English operators who understood roasting etc. they had not advanced beyond simple gravity or Mercury amalgamation.In 1985, Dr. Robert Rens, a San Diego dentist, had invested with a local businessman who was involved in a gold mining venture in the above referenced area. Dr. Rens invested substantial amounts of money to update equipment for the mining operation. While the Mexican operator of the mine, Luis Diaz, proved to be an honest, reliable businessman, his associate in the United States was unfortunately on the other end of the spectrum. Both Rens and Diaz were damaged financially as a result of this persons actions and subsequent disappearance.In order to minimize the financial damage that they suffered, Rens and Diaz joined forces to re-commence production of the mine. Rens contributed funding to update equipment and facilities for workers. Production was commenced in a relatively informal manner in 1985 and from 1986-1990 they averaged 67oz per month at an average price over that time period of $403.00. From 1991 until 1996 the average production was approximately 136oz per month at an average price of $370.00 per ounce. As demonstrated, between 1986-1990 they averaged approximately $27, 000.00 per month while in the subsequent period from 1991-1996 they averaged approximately $50, 000.00 per month. This was accomplished in a relatively primitive operation whereby they would deliver the gold in concentrate form to their associate who at the time owned and operated a refinery In San Diego. [It should be noted that at the time referred to above, gold was approximately 1/5th of itâs current price (2011).]As Rens and Diaz were about to take steps to make the operation more efficient, so that they could increase production, Mr. Diaz passed away leaving Rens, a dentist with a busy practice, in charge of the entire mining operation. For a period of almost eight years, Rens maintained the claim and made frequent trips to the mine. However, without the continuous presence of Mr. Diaz, the mine was overcome by trespassers who stole the equipment and even the housing units that were set up for mine workers. Even today, there are trespassers that are extracting gold and minerals on a daily basis. Confirmation of the areas rich gold deposits is demonstrated in an article appearing in the October 2008 edition of Prospecting and Mining Journal, wherein it was noted that even casual prospectors easily found significant amounts of gold right on our concessions!Mining concessions in Mexico are subject to payment of concession fees to the federal government or lease payments to the owner of the concessions. The payments are based on the size of the property we are exploring. These concessions have been maintained by Dr. Rens and the company for almost twenty five continuous years. The area covered by the concession has increased from when production occurred due to the efforts of Dr. Rens, to its present size, which is in excess of 6, 000 hectares. (approximately 15, 000 acres.)LOCATIONThe area is located north-east of Ensenada and is accessed by traveling on Highway 3 for about 18 miles to Ojos Negros. The Baja 500 race comes through this area. It is then necessary to head north, approximately 18 miles to the property. From Ojos Negros north the road becomes rough and a four- wheel drive vehicle is preferable. The area in which the mine and its operations are located, has thus far not been adversely affected by social, political or criminal unrest as have other parts of Mexico.CURRENT STATUSWe will require additional capital to fund the construction of the Real del Castillo Project. This work is anticipated to entail construction of a mill as well as other improvements to the property and we will be required to hire additional staff. In addition, we will require additional working capital to continue to fund operations pending sale of any gold or other metals. The additional capital may also be utilized for exploration of one or more of our existing properties, or acquisition of additional properties.We have already entered into the agreements that were necessary with the local agrarian cooperatives regarding surface use of the Property in order to obtain federal (Mexico) mining permits. We hope to commence purchasing equipment in connection with construction at the site. We would like to improve the access road and to set up living quarters for mine workers and a dental and/or medical clinic for workers and the local population in order to assure peaceful and uninterrupted operations, and as a gesture of goodwill to foster good community relations. We may also be required to make additional expenditures to provide for increased security in order to protect property or personnel located at our site.In order to establish reserves, a feasibility study (known as a "NI-43-101) demonstrating with reasonable certainty that the deposit can be economically extracted and produced is required. We have not completed a feasibility study with regard to all or a portion of any of our properties at this time. However the first step to setting up for efficient production is to perform sampling at the property. With respect to the sampling, geologists have suggested compositing some tailings dump samples as well as collection of some "channel" samples across the run of the ore. The geologists estimate that we would need approximately 100 samples. Based upon the results of the sampling process a drilling exploration program would be specified. We are now at a point wherein we are ready to begin drilling and to subsequently resume production.

Company Information

• Country/Region: United States
• Address: 120 S. Pacific Street, Unit B, Oceanside, California, USA
• Website: http://www.bajagoldco.com.
• Business Type: Manufacturing
• Main Products: Gold, Silver,
• Location: Real del Castillo, Baja California, Mexico
• Year Established: 2011
• Number Of Employess: 1-5
• Main Markets: America,Mexco
• Legal Representative / CEO: Jeffrey Stein

Contact info

• Contact Person: Jeffrey Stein
• Department: CEO
• Telephone:
• Mobilephone:
• Fax Number: