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The company’s first phase is focusing on acquiring and or developing proprietary “Green mining technology solutions for our sister company MundiRoyal Mining SAC of Lima, Peru currentlyoperating in Pataz, Peru on “restarts” of previously producing gold mines that had been developed and had produced thousands of 80 percent gold ounces but then both closed in the 1980s when the cost of mining rose above $200 per and it was not profitable in a $300 gold gold market. With gold at $1,100.per ounce now, the profit margins make the investment recovery in 90 days of production and the projects become lucrative almost immediately without the inherent risks of gold mine discovery and development.
See MundiRoyal
Spectrumhas entered into a partnership agreement with MundiRoyal SAC of Lima Peru. In addition to administering the expatriation of revenue from the Pataz region in La Libradad, Peru MundiRoyal Mining is in aposition to implement it’s new technology and engineering solutions in the mine, “Americano Norte”. With Spectrum Acquisition’s established mining operations producing gold and silver, WAMCO is positioning itself to be a model for Green Mining.
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