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Americas Gold and Silver Corporation T.USA

Alternate Symbol(s):  USAS

Americas Gold and Silver Corporation is a Canada-based precious metals mining company with multiple assets in North America. The Company owns and operates the Cosala operations in Sinaloa, Mexico, manages the 60%-owned Galena Complex in Idaho, United States of America, and is re-evaluating the Relief Canyon mine in Nevada, United States of America. The Company also owns the San Felipe development project in Sonora, Mexico. The 100%-owned Cosala operations are located in the state of Sinaloa, Mexico and consist of 67 mining concessions that cover approximately 19,385 hectares. The Cosala operations are located in the east-central portion of the state of Sinaloa, Mexico, near the town of Cosala. The Relief Canyon Mine is located in Pershing County, Nevada. The project encompasses an open pit mine and heap leach processing facility.


TSX:USA - Post by User

Comment by strannickon Mar 27, 2013 11:57am
265 Views
Post# 21174866

Drumlummon, huge reserves, evil Rothchilds. Love i

Drumlummon, huge reserves, evil Rothchilds. Love i

Highlights from that Drumlummon article...

''Initially, using the mining methods of the time, the gold-finding was a great success. After producing nearly $350,000 in gold, Cruse sold the mine to the Montana Mining Company, owned by the Rothschild family of London, in 1882 for $1,600,000. After losing an 11-year, bitter lawsuit concerning underground property-line infringement to the nearby Nine Hour Mine, in 1901 the Rothschilds flooded the lower levels of the mine and the St. Louis Mining Company took over operations.

Drumlummon remained mostly closed and deteriorating for 50 years, until RX Exploration re-opened it in 2008. With new geological and analytical methods at their command, the new owners believed—correctly—that huge reserves of gold and silver still existed in the deepest levels of the mine, and that the Rothschild’s flooded it simply to prevent the St. Louis Mining Company from recovering them.

Bottom line: The Drumlummon Mine produced over 20,000 ounces of gold and 315,000 ounces of silver in 2012—so, it seems the old timers that swore that there was more gold still in the mountain, than ever came out, were dead right.

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