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Red Mountain Mining Ltd T.RMX


Primary Symbol: RMTLF

Red Mountain Mining Limited is a mineral exploration and development company. It has a portfolio of critical minerals including gold, lithium, rare earth and base metal projects, located in Canada, Australia and the United States. It is advancing its Fry Lake project, based in the strategic gold district in Ontario, Canada, and the Kiabye Gold Project in Western Australia. In addition, its project portfolio includes the Monjebup Rare Earths Project, Koonenberry Gold Project, and Nevada Lithium Projects. The Fry Lake Project is made up of four exploration licenses prospective for gold, within the Meen-Dempster Greenstone Belt. The Kiabye Gold Project holds four exploration licenses covering 111 square kilometers in the Kiabye Greenstone Belt. The Monjebup Project is located circa 80 kilometers north-east of Albany, Western Australia. Its Nevada Lithium Projects are Mustang Lithium Project and Lithic Lithium Project. It holds an exploration license, EL6810, which is an Antimony Project.


OTCPK:RMTLF - Post by User

Bullboard Posts
Post by revelation182on Feb 19, 2016 8:49pm
104 Views
Post# 24577099

Re : Interesting !!!

Re : Interesting !!!
  • The proclamation directs that after any such mining and reclamation are completed, or after 10 years if no mining occurs, the Federal land in the Castle Mountain Mine Area is to be transferred to the National Park Service.
  • The Castle Mountains National Monument follows Senator Feinstein's 2015 Senate bill proposal closely, both in terms of boundaries and management, with only slight variation, such as a modest expansion of the Castle Mountain Mine Area to accommodate the existing route of the access road. 

"We are pleased to see resolution to long-standing land designation issues in the area. The land that remains under BLM control extends well beyond our resource limits and claim boundaries and includes ample land for potential project development. As Senator Feinstein stated in October 2105*: 'Simply put: existing mining operations - including the preliminary work to reopen the mine at Castle Mountain - would not be adversely affected by monument designations.' The Company appreciates that it has been consulted throughout this process and that the new land designation reflects a compromise position that meets our needs as well as respecting the interests of other stakeholders and the public in the area. We are committed to responsible development of our operation," stated""" Newcastle Gold CEO David Adamson.""............Hmmmmmm
 

David Adamson MSc PhD

David Adamson MSc PhD

CEO

David has over 25 years of experience in the mineral deposit industry mainly in Canada and the USA. He has a proven record of creating shareholder value and providing leadership in public companies at both management and board levels. He was a co-founder of Rubicon Minerals Corporation which, under his leadership, rose from a $9 million to a $1.2 billion company which is recognized as a leading near term gold producer. David has extensive capital markets experience having raised approximately $500 million in equity markets. During David’s tenure Rubicon graduated from the TSX-V exchange to major listings in both Canada and the USA He is the recognized co-discover of the world class F2 gold deposit in Red Lake having received in 2010 the AME BC Colin Spence award for Excellence in Global Mineral Exploration. He has also played a key role in four other mineral deposits which are currently at an advanced or development stage. David is fully conversant with complex corporate agreements and negotiations including corporate re-organizations, option/jv agreements, stakeholder agreements and all aspects of public financings. Prior to co-founding Rubicon David was senior geologist with Lac Minerals, a major gold producing company which was acquired by Barrick Gold in 1995"""" David has both an MSc and PhD in economic geology.""""



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