Genesis Electronic Group (Cacique Mining) (OTC-Pink:GEGI) announces New Year goals for 2018
Turbo, Antioquia, Colombia January 2, 2018
Genesis Electronics Group Inc. Management would like to address corporate projections and goals for 2018
The company intends to complete its audit to become a fully reporting company on the OTC.
The company intends to file a form 10 to change its name from Genesis Electronics to Cacique Mining and changing the ticker symbol as well.
The company intends to execute its joint venture agreement at the concession of Gomez Plata. This concession has all the mining permits PTO, the environmental permits and the geology to start extraction and processing ore in 2018. Juan David Perez and John Nasibit visited the concession in December 2017. Juan David Perez Schile’s ability to identify concessions like Gomez Plata that have all the mining and environmental permits, the geology and to find the perfect team has save our company more than 5 to 10 years of work and millions of dollars in geological, exploration and mining work.
The projections at Gomez Plata will generate a positive cash flow for Cacique Mining in 2018 and allow to go from 28 Ton per day processing to 50 tons per day procession by 2019
Colombia was a key producer of Gold in 1980 and there are many mining projects that began between 2008 and 2013 but are left abandoned by small to medium size mining Canadian companies. The corporate goal is to find them, evaluate them and see what is needed to take them over. Juan David has already lined up several other properties that are in similar condition than Gomez Plata.
The company business model will be to concentrate on project that have identified geology, have most of the mining and environmental permits and can be brought into production in less than 1 year. We are doing it with Gomez Plate we will do it with many more. We will concentrate on projects that can be cashflow positive in 1 year or less.
By working with Inca Worldwide growing Sacha Inchi in communities next to Gomez Plata and other areas, the company will comply with all the environmental permits and we will provide jobs in the community that are crucial to having the support of the local communities. Forward-looking statements by their nature address matters that are, to various degrees, uncertain, such as statements about our announced plan to reduce the size of our financial-services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.
It takes 10 to 12 years before a mine can be ready for extraction we did it in 5 months.
https://www.gold.org/about-gold/gold-supply/how-gold-is-mined
Happy New Year.
Kate Bahnsen
CFO of Genesis Electronics Group (Cacique Mining )
Contact information: info@caciquemining.co
About Cacique Mining
The Gomez Plata project is a gallery project. Cacique Mining Inc. and Green Mine Solutions has entered into an agreement with Inca Worldwide to grow Sacha Inchi on the land above the mine.
www.caciquemining.co
Caution Concerning Forward-Looking Statements:
Our public communications and SEC filings may contain "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."
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