RE: RE: VIT Provides Info to YESAB The Dublin Gulch area has long been mined using placer operations:
- A placer operation can quickly be put in place maybe this year if approved.
- They would be able to begin processing of higher grade ore.
- The operation would be small in comparison to the heap leach but would generate $.
- Immediate cash flow would be important to a company with no cash flow.
- Also, it makes them a producer, this is a change in category that is a positive.
- I believe it also works for them longer term as with both placer and heap leach operations more ore is processed.
- This is another step in the process of developing the property and if nothing else may generate enough revenue to allow more exploratory drilling and pay overhead.
Bottom line it is a big positive in many respects and another step in their evolution to miner. Also, the locals are used to placer mining so it is an easier sell.