AMERICAN GEMSTONE GROUP AQUIRES RICH GULCH GOLD MINES

American Gemstone Authority, LLC has acquired the Virgilia and Central Load bearing gold mines in central California. The mines we’re previous the property of Inca Resources Inc who developed the properties, conducted geological surveys, and took core samples to establish proven and probable reserves of 1,481,264 Troy Ounces present and as of yet untapped. We are presently conducting our own feasibility assessments, but do not have immediate plans to initiate drilling due to the considerable capital outlays it would require at this time. The geological reports indicate that a drilling operation could be profitably maintained at a gold price of over 324 dollars per ounce.