Location and Access
Source 1 is 30 miles west of Winnemucca, Nevada accessible by excellent gravel roads built by Barric Gold (out past our property).
Source 2 is near highway 6-50 on the Utah-Nevada border also with excellent gravel roads.
Source 3 is a group of springs/wells with water containing up to 440 ppm gold. Access to these are varied from paved highway to very remote.
Description
The Winnemucca property is located adjacent to a mine that produced a $million in revenue between 1895 and 1906. The ore was rich enough to haul 400 miles by wagon to Kennecott copper's smelter in Utah. The main source is a small geothermal mountain that was located on the beach of an inland sea.
Weathering and the freeze-thaw cycle reduce the rock on the side of the mountain to soil and mud slides moved the gold bearing soil down to the beach. The gold nuggets are sharp edged with fine filaments that have not been worn away by the action of water or by movement in a stream. The area of the mudslides is easily visible in satellite photos.
Disseminated and colloidal gold seems to be consistent and widespread through the whole area. This Gold could be economically recovered without permits or bonds by a man with a pickup, shovel, pump and some 55 gallon drums. (How many drums can you shovel full in a day at $300 each?)
The market for the rare earths is good, but we have not been able to estimate the refining costs. It has the potential to be a hundred as profitable as the gold.
The deposit at source 2 covers 1200 acres and is logistically ideal because it can be mined without drilling and blasting, is located on the state border with good water sources and roads. It has virtually no overburden and runs from 40 to 60 percent red iron oxide. The ore is very porous which means the gold can be recovered by leaching without crushing or grinding.
The expected recovery rate (determined by actual recovery) would cover the cost of 20 acres with the gold recovered from the first 50-60 barrels. Tailings could also be sold as red iron oxide pigment. A small operation (1 to 50 men with pickups and shovels) would not need a mining permit and could earn substantial amounts without state of federal government interference. (This is a very important factor)
The third source is unconventional in the extreme. We have located several sources of mineral laden water. (hot springs, mine water, geothermal wells, etc) with gold content sufficiently high to be recoverable at a nominal cost.
One spring has a flow of 10 gallons per minute and a gold content of $.0337 per gallon. A geothermal well has a flow of 1 cubic foot per second (without pumping) and a gold content of $.0010 per gallon. A Utah mine drift has a flow of 50 gal per minute and a gold content of $.00985 per gallon. In some cases, the gold content is high enough so that 10-15% can be captured with a plain charcoal filter.
An activated carbon filter catches the gold by Vanderwall's force when the gold atom or particle actually touches the carbon's surface (like dust that sticks to a windshield). Carbon filters can capture up to 10 oz of gold per 100 lbs of carbon, but they aren't very efficient at capturing gold from very low concentrations. We have developed a material that actually has and electrical attraction to the gold (like dust that sticks to a television screen). This materiel will hold up to half it's weight in gold and has a marked preference to gold over other heavy metals.
We will not only consider selling interest in some of these water sources, but we will also test your water source and develop it for a royalty.
Geology
Each source is the result of minerals deposited from geothermal waters.
Additional Information
Each of these gold sources has the potential to allow to owner to turn money he would otherwise pay in taxes to gold he can keep. Gold produced from a mine is not income until it is sold (turned into dollars). So if the owner keeps the gold, the expense of mining it can offset income made from other sources allowing the owner to defer taxes indefinitely.
We have developed several techniques that may be helpful in other mining applications.
1. Extraction of mine concentrated by hydraulic fracking insitu. The method allows ore recovery with negligible surface disturbance.
2. Concentration of ore 100 times more effective than gravity or flotation at a tiny fraction of the cost.
3. Electrowinning of pure metals directly from leach solutions.
4. Effective leaching recipe in 55 gallon drums.
5. Leaching and separation of PGM's
