"Blue Hill Foundation" is a Dutch Stichting formed by European private equity investors. The name "Blue Hill Mine" comes from the amount of copper oxide on the surface, which gives it that blue-turquoise tone. "Blue Hill Mine" was discovered by a senior geologist of the "Turquoise Hill Mine" which lays within the same metallic belt.
By the mid-2003, "Turquoise Hill Mine" became one of the biggest mining exploration projects in the world with revenues of US$939.8 million (2017). Using the reliable and accurate USSR mapping and National Geology archive (Ф-4276) similar to "Turquoise Hill Mine" the drilling began (in 2010) with a combined of 1,493 meters of drillings done, discovering a wealth of minerals such as: Copper, Nickel, Cobalt and Gold. Additional resources including Tungsten, Yttrium and Ytterbium were identified. The ongoing work includes more drilling and a full-scale geological analysis, to prove the total reserves to international standards, using the best advisors in the mining industry, such as EGC from the AGH University, Royal HaskoningDHV as well as Golder Associates.
The plan is to perform a financing through a fully Swiss regulated Security Token Offering (STO) called "Blue Hill Mining", supported by Swisscom Blockchain, the largest IT infrastructure host in Switzerland. The objective is to validate the remaining 90% of the mine that includes the development of the Blue Hill Mining Platform (B.H.Platform), similar to two giants "Glencore" and "Vale" representing approximately US$205 billion and US$34 billion of annual revenue (2017), on the ledger Blockchain technology.
The "Blue Hill Mining" team as well as it's advisors have an immense experience in the mining industry, that has been engaged to optimise the finding of mineral resources. The idea is to bring the mine where it is today to National Instrument 43-101 Standards of disclosure for mineral projects useful, for TSX and TSXV Canadian stock market listings and reflecting the full market value of "Blue Hill Mine" during this process.
"Blue Hill Mine" will be evaluated from Q3-2022 onwards to activate the buyback plan via a stock market listing once the underlying value of the "Blue Hill Mine" and "Blue Hill Platform" will be equal to US$30 per "BHM token".