Nevada Industrial Mineral and Gold and Silver
One Million+ Tons 50-70% Wollastonite, Large Inferred Resource of Gold and Silver, Ready to be Mined
Summary
This property encompasses both a wollastonite deposit and an inferred resource of gold and silver around the old working of the Carrie Mine. Over $2 million has already been spent on drilling, sampling, surveying, etc to identify the wollastonite deposit. This work is summarized below:
During the period of 1989 to 1999 there were +20 reports from various mill tests by accredited labs, designed to optimize the recovery of all marketable wollastonite of various specs.
Drilling in 1989 and 1993 was incorporated into an electronic 3D reserve model, with design of pita generated from logs of each foot of core, a total station survey of DDH collars, lithology, structure, and topographic features.
A 25% interest in the wollastonite deposit was sold in 1990 for $400,000.
It is likely that there are significantly more than the million tons identified according to a geologist I consulted with who worked on the project. This is the largest known wollastonite deposit in the Western United States.
We are willing to offer to finance the purchase of this property with a down payment of $9000 and the balance carried over 10 years at 6%.
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