GARRISON INTERNATIONAL LTD

The company’s primary objective is to launch a small-scale, low-cost open pit production facility in order to generate financial resources for exploration and acquisition in Mongolia and other locations.

The Company is focused on the acquisition and exploration of mineral prospects in Asia. The Company conducts its business in Mongolia through its wholly-owned subsidiary, Garrison Asia LLC.

All costs relating to the Company’s exploration activities, other than grass-roots exploration, which is expensed as incurred, are capitalized until such time as a decision is made to proceed with the development phase of each project, in which event, the costs will be depleted on the unit of production basis as the estimated total resources are mined. Management of the Company reviews the carrying value of each mineral property and if conditions suggest impairment, management may write-down or write-off that project. As a result of these write-downs or write-offs from exploration activities, the net income or loss of the Company may be volatile. Read More