The O.T. Mining Corporation
Tel: (514) 935-2445 Fax: (514) 935-8161
E-mail: rchristensen@otmining com <mailto:rchristensen@otmining
com> or info@otmining.com <mailto:info@otmining.com>
Web site: www.otmining.com <http://www.otmining.com>
Wednesday, November 26, 2014
Dear Shareholder,
On the 30th of November, the citizens of Switzerland will decide
democratically whether their banks should have a third of their
outstanding paper guaranteed by gold reserves. The Chinese are
poised to establish the Huan as an attractive reserve currency,
backed by gold. Gold is perceived by citizens and some governments
as a very necessary means to restore confidence in a monetary
and banking system seemingly fraught with frailty.
Since time immemorial, mining is the act of bringing valued materials
from the ground to the surface. Shareholders of OT Mining are
owners of the valuable materials in the property. They are owners
of a real gold mine, which ceased operations because of flooding.
They also own what may be the greatest porphyry system in the
United States of America. The value in gold may be at least,
in probable and possible reserves, over half of what has been
already brought to the surface: 60M$ in gold and silver, and
in copper, expectations of billions of dollars over dozens of
years of production.
The last few years have been spent mostly in keeping the titles
of the property in good standing and maintaining company activity
during a very difficult period for the mining industry. Several
joint venture agreements to work the property or major investment
programs were negotiated, unfortunately, none came to a close.
In one case, the contracting company was taken over and mothballed;
all others could not find the resources in cash or manpower to
honor their agreements.
An exploration program justifies funds raised, yet the actual
funds raised, determine the program. During drilling operations,
objectives must be reviewed constantly, thus the work program
can only be expressed in general terms.
Presently a drilling program is being devised to retrieve the
continuation of the ore bodies that were mined to a depth of
300 ft. They are close to the surface and with some concentrations
of 10 opt gold, would generate a cash crop that could turn into
a cash flow.
To that effect a subscription has been authorized by the Board
of Directors at 8 cents a share with a warrant at 16 cents. This
will help the shareholders to bring down their cost per share
and help to raise the $500 000 budget for this operation. Of
course this does not obviate pending funding negotiations which
may be such, that no more funding requirements will be needed
to enhance share value to its best expectations.
P.Y. LeDilicocq
CEO/The O.T. Mining Corporation
Disclaimer: This press release contains certain �Forward-Looking
Statements�. All statements, other than statements of historical
fact, included herein are forward-looking statements that involve
various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated
in such statements.
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OT Mining Corp.
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EXPLORATION STAGE |
CODE : OTMN |
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CUSIP : 671061109 |
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OT Mining is a silver and gold exploration company based in Canada. Its main exploration properties are RUBY PROPERTY and BASIN MILL in USA. |