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Additional Information
Market: OTCBB
Sector: General Mining - Gold
EPIC: BULM
Latest Price: $0.98  (0,00%)
52-week High: $0.00
52-week Low: $0.00
Market Cap: $38.40M
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Bullion Monarch Mining
www.bullionmm.com

Bullion Monarch Mining Inc. is a natural resource company that acquires mining properties to explore and develop.  Bullion’s goal is to see the properties produce through joint ventures, leases, or sales.  Bullion Monarch has recently undergone a reorganization and is now known as Bullion Monarch Mining, Inc.  The company’s new trading symbol is BULM. Bullion believes it has excellent mining properties in Northern Nevada and throughout the Western United States.  Newmont’s new, large Leeville underground mine and he East Ore Body Mine are currently producing royalty payments to Bullion. The company also acquired a 60% interest in EnShale, Inc. in 2005 (now 80%) in order to profit from the growing demand for oil by mining and processing oil shale into oil products. The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone.

Full Bullion Monarch Mining profile here
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Bullion Monarch to buy Dourave Canada and Brazilian assets in all-share deal

4th Nov 2010, 8:52 am

Gold-focused royalty company Bullion Monarch Mining (OTCQB:BULM) said Wednesday it has agreed to acquire Dourave Canada, a private mining and exploration company, along with the properties of its Brazilian subsidiary, in an all share deal.

Bullion said that while financial details of the transaction remain undisclosed, the consideration of the deal will be a combination of shares and warrents of Bullion.

The assets included in the purchase all reside in the traditionally mineral rich Para state of Brazil; Bom Jesus, Bom Jardim, Ouro Mil, and Pontal do Paranaita and Caldeiras.

Bullion Monarch, as part of previous joint venture agreements, already conducted a diamond core drilling exploration project on the Bom Jesus property, it said.

“This agreement to acquire the remaining two-thirds of Bom Jesus and Bom Jardim, which we have already begun to explore, is a major step forward for the future of Bullion Monarch Mining,” said CEO R. Don Morris.

Key members of the Dourave team will also be joining Bullion, including Mr. Sergio Aquino, president of the West Para State Gold Miners Syndicate, and Mr. Rauri McKnight, a founding partner of Dourave and vice president of exploration.

The majority of Bullion's current royalty revenues are derived from a claim block located in Northeastern Nevada’s Carlin Trend.

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