Golden Fame is a mining and exploration company with a focus on acquiring and developing historically productive gold, silver and copper properties. The Company has an experienced management team in place, which has extensive expertise in identifying properties that have the best potential to recommence and expand profitable mining from known and newly discovered mineral prospects.

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Someday Soon
Golden Fame Looks For Quick Turnarounds From Past Producers
~ By Kevin Michael Grace - April 14, 2011
Graham “Chip” Clark has worked in the mining industry over four Algun Dia, which is in the León-Guanajuato region, produced 25,000
decades. He’s been a mining lawyer, rising to senior vice president tonnes at non-43-101 compliant grades of 2.52 g/t gold, 102 g/t
at Newmont. He’s founded a project generator, Gold Discovery silver and 1.69% copper. Golden Fame expects to sign a final op-
Company. Within the last year, he’s become non-executive Chair- tion/joint agreement in about a month, after due diligence has been
man at United Mining Group. Finally, he’s become President/CEO completed. The company will pay $4.3 million cash and three million
of a new junior, Golden Fame Resources Corp. And now that he has shares for its 70% and is committed to $6.5 million in exploration
his hands on the controls, he knows exactly what he wants to do: expenses.
“The best opportunities are those where the ore was literally left in
the face when they closed the mine down because of the low metal “It’s a complex ore body,” Clark says. “We’re going to drive a ramp,
prices.” which is a large adit or tunnel, nine feet by nine feet in diameter,
down to explore up close the vein which the owner of the property
has already intersected through underground access work and
drilling. We’re going to encounter a significant amount of mineralized
material there, and we’re start on that very soon after we finalize the
option agreement. There will also be some combination of surface
and underground drilling.”
From the start, Algun Dia should generate revenue. Clark explains,
“The material we would develop as we drive the ramp into the mine
would be ore grade and similar to material the owner was able to sell
in the past. You could call that pre-production mining of a sort.”
Clark expects fast turnarounds in both Mexico and Arizona. “By
2013,” he says, “I would very much like to see our company with a
Golden Fame has two properties: Gold Ridge in Arizona, which it completed exploration analysis of both properties. Assuming the
owns outright, and Algun Dia in Mexico, which it has signed a letter results confirm what we believe their potential is, we could be in
of intent to 70% option. Clark says that the properties have much in underground development and actual mineral production activities
common. “Both had been mined in the past. Both had been closed on both properties.”
because of metal prices. Both had underground workings.”
Beyond that, Clark intends to duplicate his method elsewhere. “To
Gold Ridge, which is 90 miles east of Tucson, produced 22,000 move quickly, acquire option rights in the best properties we can find,
gold ounces at grades between 5.62 grams per tonne to 19.9 g/t. Its confirm the continuation of the ore reserves which were mined in
historic, non-43-101 resource estimate is 50,000 to 78,000 ounces the past and then develop a plan for exploiting those now that metal
at greater than 10.3 g/t. Previous exploration includes 435 drill holes prices are a magnitude higher. It’s a great opportunity and a great
over 8,500 metres, and the property hosts three underground mines business to be in.”
with a drift length of 1,800 metres.
At press time, Golden Fame traded at $0.34, with a market cap of
“It’s a vein system,” Clark says. “It was mined in a technique that did $10.7M and about $350,000 in cash.
“
not require sinking shafts or hoists. The records and the inspec-
tion that we’ve made to date indicate the vein was mined virtually
completely along the strike line, all the way to the top. Our next step,
because there’s been no mining activity in the last 15 to 20 years,
would to rehabilitate the lowest levels of the underground workings, By 2013, we could be in
which are still at the valley floor level, and then begin a program of underground development and
exploration drilling from the valley floor level downwards to determine
the width and direction of the vein at the lower levels. Our investiga- actual mineral production activities
tions indicate that this type of vein is usually one that continues one on both properties
down to significant depths, but there’s been no drilling to confirm
that. Our plan will be to rehabilitate the underground workings, begin —Chip Clark
an underground exploration program to determine the direction of
the vein and then confirm the mineralization of it.”
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