LIG Assets Begins S-K 1300 Evaluation of Florida Calcium Mine

LIG Assets, Inc. (OTC: LIGA) announced that its wholly owned subsidiary, Gold Run, Inc., has signed and fully paid for a contract to begin Phase I of the S-K 1300 technical evaluation of its approximately 1,132-acre calcium mine in Marianna, Florida. The initial technical work is expected to commence within weeks. Due to nondisclosure agreements, the names of the top-tier geologist and strategic technical advisor, as well as the company hired, are not disclosed. However, the advisor and geologist have experience in top-tier geology, mining engineering, S-K 1300 reports, NI 43-101 technical reports, and projects involving the United States Department of Defense. Phase I will involve reviewing historical geological information, developing testing and sampling procedures, evaluating the calcium resource, and determining the additional work required to complete an S-K 1300-compliant technical report.

Regulation S-K 1300 sets the SEC’s disclosure requirements for publicly traded mining companies reporting material mineral resources and reserves in the U.S. The Company believes completing the S-K 1300 process will provide independent technical documentation to evaluate and support the potential value of the Marianna mineral resource. The findings may also assist in determining the appropriate financial treatment of the property on its consolidated balance sheet. Management stated that larger publicly traded mining companies considering future acquisitions or partnerships would require this level of independent validation, and LIG Assets chose to complete the work upfront to strengthen discussions with potential strategic partners or purchasers. Historical reports from 2009 estimated the mine’s value at approximately $400 million based on 200 acres and an assumed value of $8.50 per ton. Gold Run now controls 1,132 acres, and management believes current base-market pricing may begin at approximately $18.50 per ton.

The updated technical evaluation is expected to exceed the historical valuation, but final value depends on confirmed mineral quantities, calcium purity, recoverability, processing costs, market conditions, and independent findings. The advisor is also evaluating whether advanced refining technology can increase calcium purity up to 99.999999%, potentially leading to specialized calcium products valued up to approximately $2,000 per ton. LIG Assets, through Gold Run, maintains full control over the property. Management emphasized this milestone and plans to revamp the company's branding and structure to enhance shareholder value. The Company looks forward to providing updates as Phase I progresses. For more details, view the original release on NEWMEDIAWIRE.