562-C N 18th Place Showlow, Az 85901

PH: 928-279-4169

EMAIL: [email protected] 

JBIT HOLDINGS, LLC (“JBIT”) is an operating company established and owned by JBIT RESOURCES, LLC., to identify mineral resources for customers or self and/or perform initial exploration and primary due diligence. If the findings are of a profitable operation, (“JBIT”) or customer will purchase or lease said resources, from individuals who control the mining claims/property.

Each mineral resource found has a value and if the resource meets the criteria for economic viability or as mining law specifies, meet the “Prudent Man or Marketable Rule”. As in any business desiring a return on investment, there are multiple stages of “Discovery” that must be determined to prove the worth of a discovered resource and in mining that resource is the mineral element values vs the cost of recovery.

There are many steps, costs, and risks in determining the values of a “Discovery”. To many stories and abandoned mines plague the world because of the ignorance of how to prove the size of investment and the return on the investment, of a “Discovery”.

(“JBIT”)’s philosophy is “There are no bad Mines, just bad Miners”. We are in the business of evaluating, justifying and/or managing and/or mining mineral resources for the ROI from said mineral resource(s) whether our own, JV or contract mining. We will contract to establish exploration or mining feasibility. We also will contract to manage and/or operate approved exploration or mining operations. We will provide analytical, concentrating, and refining services as well.

Our market consists of individuals and entities who have documented control of a mineral or precious metals resource that is possible or proven economically viable.

Our management team has over 90 years combined experience in the essential core competencies of mine administration, management, exploration, development and design, physical plant set up and operations and mineral concentration and refining.

JBIT HOLDINGS, LLC, was formed as an LLC organized in the state of Arizona. It is closely held by; JBIT RESOURCES, LLC.. JBIT HOLDINGS, LLC has been formed for the purchase and development of mining properties. JBIT HOLDINGS, LLC. will work as the operating company under the direction of JBIT RESOURCES, LLC. and/or according to an agreement between the mine owners and JBIT HOLDINGS, LLC.

JBIT MM GOLD, LLC. Is a mine investment to be wholly owned and operated by JBIT HOLDINGS, LLC. This mine is an open cut mine with an estimated 2.5 million ton reserve at .5 oz au per ton, on a 319 acre patented mine site. Not indicated on reports are high Ag, Fe and Cu indicators (See attached Technical Report) (“JBIT”) is looking for an investment of USD 25 million to purchase and put into operations. JBIT MM GOLD, LLC has a 10 year mine life at the projected budget, however exploration should double or triple reserves and value.

 

JBIT Trilogy, LLC. (LLC to be filed for) Is a mine investment to be wholly owned and operated by JBIT HOLDINGS, LLC. This mine is a placer and underground mine with an estimated 5,000 oz Au reserve, on 200 acre or 10 BLM claims. (“JBIT”) is looking for an investment of USD 1.5 million to purchase and put into operations. The reserves should be doubled by claiming more placer area. Also included with the placer claims are 6 other underground lode mining claims closed in 1942 that have sampled .5 oz gold per ton. The veins are large and with further exploration could triple property reserves. There are 3 other placer properties that come with the partnership but are 200 miles away from Trilogy. These other properties will asses about the same as Trilogy with the exception of lode claims.

JBIT Big Stick, LLC (LLC to be filed for) Is a mine investment to be wholly owned and operated by JBIT HOLDINGS, LLC. is smaller lode mine operations of interest. Bis Stick has 40 acres of patented claims and 180 acres of BLM claims. Big Stick is an underground mine with 57,000 oz gold reserve and silver and copper. (“JBIT”) is looking for an investment of USD 2.5 million to purchase and put into operations.

JBIT is also looking a 2 other operations of interest with a combined investment of USD 3 million to purchase and put into operations.

JBIT HOLDINGS, LLC. plans to develop another company for mineral exploration and small mine operations which will utilization JBIT’s Mineral’s Mobile Concentration System (MCS) that addresses a fundamental problem in the independent mining sector – namely, the need for a crushing, milling, and concentrating system that can be brought to the original source of the ore and produce concentrate from that ore on site, thereby eliminating the costs associated with transportation and logistics. It is these costs that render many mineral resources economically unviable.

(“JBIT”) has developed a process that is mobile yet large enough to produce a significant amount of concentrate economically and profitably in a reasonable amount of time and on a consistent basis with analysis and economic feasibility studies, while returning a profit. The MCS is designed to eliminate up to 90 percent of the waste rock while retaining the precious metals in a concentrated form. These concentrates will be refined to dore and or refined for mineral

 The system will be mounted on trailers and will be completely transportable – allowing the flexibility of moving the plant to multiple sites or within a single site as needed.

A smaller Portable Test Unit will be used to pre-test mine ore at sites to determine whether to pursue operations by operating contract, purchase or lease agreements for the mines tested.

 
Operational and Production Planning

Due diligence. The four areas of due diligence covered are:

1)   Ownership: Identified properties of interest must have sufficient documentation confirming their ownership/control of the ore resource and the type of that ownership before any further due diligence steps are taken.

2)  Regulatory: Must confirm what regulatory issues, if any, that will have to be addressed.

3)  Visual Mine Walk Through & Ore Testing: The mining property will be visited by our examiners and take a few grab samples. If visit and sample analysis probability of economic minerals then an initial production test will be made to determine the ore’s quality, quantity and ability to be concentrated.

Once all due diligence steps are completed, we will begin discussions regarding the contract of operations, leasing or purchasing agreements of the property.

1)  Plant placement and Pre-Operation Inspection: Once the site safety survey is completed, a mobile plant will be brought onsite and set up in the most advantageous location. Since our plant is self-sufficient with regards to water and power, location near utilities or water is not necessarily a deciding factor in most locations, for the plant location.

2) Plan of Operation: The plan of operation will be developed by the operating LLC and approved by property board of management in the event of client’s or leased properties.

1)  Regulatory. During Step 2 of the Due Diligence process, any and all current permits and licenses that are in place at the site will be identified and documented. Any deficiencies in this area will be addressed immediately as needed. Some typical areas to address are:

a)  ADEQ (Arizona Department of Environmental Quality). Since our plant is self- sufficient with regards to water, the primary area that will be addressed under ADEQ is dust and airborne particulates. Depending on the location the property, the operation may fall under a general permit. If not, we will make the appropriate application.

b)   MSHA (Mine Safety and Health Administration). MSHA operates under the

U.S. Department of Labor and its primary area of responsibility is the safety and security of any persons that are on the site for any reason. The MSHA Inspector will make periodic site visits.

c)    State of Arizona Mine Inspector. The State of Arizona has its own mine inspector’s office and may require the operation to be registered with their office. The State Mine Inspector will make periodic site visits.

D)    Ground Disturbance and Reclamation Permitting. Not all properties will require these permits dependent on State, County and land surface and mineral ownership.

2)  Insurance. All appropriate insurance coverage and waivers will be in place prior to moving the plant onto the site. The new LLC will carry a $2 million liability insurance and require the same for any sub-contractors or venders on its properties.

3)  Legal. Each property will be managed within a new LLC that will exist for this site and this site only. Each site will have its own MSHA I.D number and its own State of Arizona Department of Mines I.D. Number.

D) Management. (JBIT HOLDINGS, LLC.)

Joe Bittick. Managing Director and Owner of JBIT RESOURCES, LLC. Mr. Bittick was raised in southern Arizona and taught ranching and mining by his father as a boy. After 4 years in the Navy, he began his professional mining career in 1973, at Kennecott Copper Company in Ray, Arizona in mine operations and then as a metal’s recovery technician. He has worked for various international mining companies such as ASARCO, Getty Oil and Freeport McMorran (FMI), throughout the America’s, Pacific, and Asia. His areas of competence include Operations Supervision, Mine Task, Supervisor and Management Training and Development, Maintenance Management, Process Management, Mine Planning and Budgeting, Corporate Safety and Corporate Administration. He is an MSHA Approved Instructor since 1976 and a past OSHA instructor as well as past instructor certification in drilling and blasting and surface mine rescue. 

 

 

Carlos R. Basurto Lopez, Ing Metalurgico, Manager Processing and Engineering, Mr. Basurto is an Engineer of Metallurgy and Survey. Carlos has developed mineral lab and processing systems throughout Mexico since 1982 and worked Superintendent in most of those position. Carlos worked to redevelop old mines throughout Mexico. Carlos has his own survey company and has worked on many geological studies for mines. Carlos as well developed and holds patent on a new leach process for oxide copper that produces 99.5% copper at half the cost of electroplating.