Private hands on or Silent Investor, Entrepreneur, JV Partner, or Public Company interested in an Eco-Friendly Low Cost, Hi Return “In-Situ” Mining Venture in BC
I have been in the mining and exploration business for most of my life. I have personally operated my own hard rock mining operation as well as a large scale Placer mine. I am looking for a Proposal on a Property that I have owned for the past 42 years in South Central BC. It has been idle for the past 30 years, but in my opinion this deposit would be ideal for in situ mineral extraction.
The deposit is shallow, 0 – 200 meters of overburden, fairly flat, 10-15 degrees, with an exposed perimeter area of 820,000 square meters and an average thickness of 7.1 meters, containing approximately 15 – 20,000,000 tons.
The deposit has very distinctive hanging and foot walls and an estimated historic over all in situ grade of 1.8 gms Au, 60 gms Ag, plus other mineral credits based on drilling, bulk sampling, and direct smelter returns. It is very permeable, homogenous, and percolates well. It has similar geology, grades and characteristics as Oceana Gold’s flagship “Macraes” deposit in New Zealand.
One higher grade drilled section with 100 meter face by 15 meter height was bulk sampled (45.7 tons) and averaged 5.2 grms Au and 187 gms Ag. Drill information shows thickness continuity to the north. The estimated potential ore in one-half of this zone is 1.600,000 tonnes.
The property is completely within the boundaries of “Crown Granted ” mineral claims referred to as the Millie Mack with annual taxes of $150.
Metallurgical test work has been conducted by Coastech Research Inc. and reveals Au recoveries of 95.5% and Ag 74.1% whereas Cominco’s recoveries were much higher.
I am open to other options or proposals, out right sale, or a smaller scale mining operation. For more information feel free to contact me.
WARNING: This Property is offered for Mining purpose’s s only and ownership of the title to it does not include ownership of the surface rights or the rights to use the surface for residential or recreational purposes.