CORPORATE PROFILE
Duncan Park Holdings Corporation is a Canadian venture Corporation exploring for gold and other precious metals in Nevada, USA. The Corporation initially entered into leases on four mineral exploration properties in the Carlin Trend and the Battle Mountain-Eureka Trend in northern Nevada. They are known as the Elephant Gold-Silver property, the Rock Creek-South Silver Cloud Gold-Silver property, the Santa Renia Gold-Silver property, and the Woodruff/Tonka Gold-Silver property which was subsequently abandoned. It also entered into leases of mining claims with Nevada Land and Resource Corporation on property adjoining the Pescio Elephant property. Further it staked 73 claims in its own name in the vicinity of the Pescio Elephant property.
In 2005 the Corporation entered into a joint venture with Randsburg International Gold Corp. ("Randsburg") to further explore the Pescio Elephant property and the Nevada Land and Resource property, which now comprise the Elephant Joint Venture. Currently there is a serious dispute with Randsburg concerning its obligation to fund exploration costs. Duncan Park has notified Randsburg that it deems it to have withdrawn from the joint venture for failure to meet cash calls. Randsburg disputes the validity of the cash calls and has demanded arbitration of the issue.
To date, most of the exploration activity has been conducted on the Elephant property. The Company has recently commenced drilling on the Rock Creek property.
The Corporation has no operating revenues. Cash inflows are provided by investors pursuant to private placement agreements. Cash outflows relate primarily to lease payments for property, exploration thereon, and to administrative costs.
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