March 31, 2007 Reported that the company had to obtain mining permits to meve the project into the production and the cost of the mining permit and bankable fesibility study was approximately US$ 5 million.
February 10, 2004 Goldstake Explorations has acquired a lease over a gold in tailings deposit to add to its existing high grade gold tailings project on Whitewood Creek in South Dakota. In the conceptual feasibility study, prepared by Goldstake's former JV partner, Homestake Mining, this newly acquired property was
credited with containing 1,173,987 dry tons of tailings, at a grade of 0.055
oz/ton, for a total of 64,881 gold ounces (that fall into the present indicated mineral resource category).
June 30, 2003 Barrick notified that it would not stand in the way of mining of the tailings and the company can proceed to obtain the necessary mining and environmental permits. Goldstake/Homestake has completed approximately 90% of the studies support the permit applications, has developed a mining plan and has identified a tailings disposal site on one of its 5 properties. Previously, the (EPA) gave Goldstake verbal approval to operate a 100,000 ton bulk sample to demonstrate project feasibility. The mining of the tailings can be conducted at a cost of approximately USD100 per ounce.