Bullion Monarch Mining
Bullion Monarch Mining is a natural resource exploration and development company with a current focus on gold, silver and oil shale. The Company looks for opportunities to discover and develop valuable natural resource properties in the United States and throughout the world. The Company will obtain production and revenues through joint ventures or retained royalties on developed properties, enabling it to keep liabilities and expenses low, and profit and potential high.
- The Company is profitable and debt free.
- The Company has interests in properties with great potential.
- The Company holds an 80% interest in EnShale.
- EnShale is a major player in the emerging oil shale industry.
The Company currently has under lease 4,650 acres of oil shale property in the mahogany zone. The USGS has reported that the oil contained in the oil shale properties is approximately 667 million barrels of oil. Management believes they have an extremely valuable mine able resource and with EnShale’s technology for extraction, Bullion is excited about the prospects of this project.
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.
Bullion Monarch Mining Inc, having completed the previous reorganization and with reliable revenues from royalties, good properties, and solid management, looks forward to a promising future.
In a recent headline from the company dated July 28th 2009, Bullion Monarch Mining announced that construction and installation is complete of the oil shale pre-commercial production demonstration facility by their 80% owned subsidiary EnShale Inc. The
company is excited about the potential for its proprietary process to develop into a full-scale commercial crude oil producing operation. EnShale anticipates crude oil to be produced from the oil shale in August 2009. EnShale has patents filed with both U.S. and international agencies.
The company stockpiled 5,000 tons of oil shale that has been crushed and screened and readied for processing. EnShale's processing plant is designed to produce up to 150 barrels of oil per day at full production.
EnShale will be conducting various tests with its demonstration plant to prove out its proprietary process and complete its design.
Management
R. Don Morris President & CEO
R. Don Morris has more than 40 years experience in most phases of natural resource development with broad emphasis in mining and extraction processes. He is a graduate geologist from Brigham Young University. He is also President and CEO of Bullion Monarch Mining and Chairman of the Board of EnShale Inc. (a subsidiary of Bullion Monarch Mining).
Rex L. Franson, Director
Rex L. Franson, Director, served for 25-plus years in general management in several industries. He spent 17 years in the automotive industry with American Motors and Chrysler. In 1994, he was elected an officer of Chrysler Corporation, serving as Vice President of Quality and Serviceability and President and C.O.O. of Chrysler Financial Corp.
James A. Morris, Director and Corporate Secretary
James A. Morris has been on the Board of Directors since 1992. He graduated from Brigham Young University with a degree in Business Finance. He currently is the managing partner of M&P Development, a real estate development company. He is also Branch Manager of Eagle Home Mortgage in Elko, Nevada. He was the President and CEO or Zephyr Gold Enterprises. Mr. Morris has owned and operated several businesses as well as doing outside financial consulting for start-up companies.
PreMarketData.com has not been compensated for this profile or feature. PreMarketData.com has no position in BULM as of 08/10/2009.