Monday, December 22, 2008

Gold Company to Get Cash for New Gold Project

Arctic Oil & Gas Corp. has announced that the Company’s precious metals division is securing ore reserves on its Alaska gold projects.

The company has mining plans in place for the summer of 2009. The financing will be done privately, through qualified partners. The company is creating a new gold asset security that will backed by in-ground gold reserves.

This method of securing long-term future supply of gold bullion has lower acquisition costs than that of gold sold through commodities exchanges. This new method lowers delivery risk as an investment. Currently, unlimited new dollars are being created and hedge funds and banking industries are in volatile states. Deliveries are expected as early as June of 2009 on he project.

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