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EX-31 - 302 CERTIFICATION OF R. DON MORRIS - Bullion Monarch Mining, Inc. (NEW)ex311.htm
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10-Q - QUARTERLY REPORT ON FORM 10Q FOR THE QUARTER ENDED OCTOBER 31, 2011 - Bullion Monarch Mining, Inc. (NEW)f10q2ndqtr2012121511fsv5redl.htm
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EX-32 - 906 CERTIFICATION - Bullion Monarch Mining, Inc. (NEW)ex32.htm
EX-31 - 302 CERTIFICATION OF PHILIP MANNING - Bullion Monarch Mining, Inc. (NEW)ex312.htm
v2.4.0.6
Discontinued Operations and Disposal Groups
3 Months Ended
Oct. 31, 2011
Discontinued Operations and Disposal Groups  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

NOTE 10      NIQUELANDIA PROJECT

 

After carefully reviewing the results of exploration and related testing completed on the Niquelandia bauxite project, the Company has determined that the project lacks the economic basis to perform further work or to continue holding rights to the property. Although the property contains a large deposit of bauxite, the silica content was too high to allow for economic processing of the bauxite. Under terms of its contract, the Company has contacted the underlying claim holders to inform them of its decision. The mining property has been written down to reflect the Company’s decision to no longer develop this property and project.