Ruby Creek Purchases More Mining Equipment
We are soooooooooooooooo close!!!!!!!!!!! I can't imagine this is something you do if that license transfer isn't imminent.....And I can't imagine substantially increasing capacity is anything but great news as well.....
NEW YORK, NY -- (Marketwire) -- 09/07/11 -- Ruby Creek Resources,
Inc. (OTCBB: RBYC), a gold exploration and mining company with
operations in Tanzania, announces that through a series of equipment
purchases, Ruby Creek has increased its mining, exploration and
support capacities at its Gold Plateau Project.
The largest equipment purchase is of all the contents of a mining
camp located near Songea in southern Tanzania. This purchase resulted
in Ruby Creek acquiring additional mineral processing equipment
including two large trommels each with a capacity of over 40 cubic
meters/hour (60 tons/hour), gravity separation equipment, gravel and
water pumps, piping, generators, steel shipping containers, shop
equipment, and all buildings and construction materials. This
purchase also includes several passenger trucks, a Komatsu PC 200
excavator, Cat D7 bulldozer, two 7-ton dump trucks, a Hino highway
transport truck and a 40-foot transport trailer. The total purchase
price for the equipment is $160,000. Currently Ruby Creek has a crew
onsite breaking down and shipping this equipment to its Camp at the
Gold Plateau Project for refurbishment and upgrades where a full shop
facility with all mechanical trades is being completed.
Additionally, in a series of other equipment purchases, Ruby Creek
acquired a number of pieces of mining and support equipment; a 20 ton
dump truck for ore feed as well as gravel supply for road upgrades; 4
passenger trucks were added to the fleet for transporting personnel
and small supplies; a 10 ton flat deck truck with a crane was
acquired for hauling supplies and a 40 ton triple axle low-bed
trailer for transporting heavy equipment. The total expenditure of
these purchases was $207,000.
This equipment is either onsite or enroute with the Company
anticipating that all of this equipment will be available for use in
gold production or supply activities at the Gold Plateau Project over
the next 60 days. Including the costs for transport and
refurbishment, the Company believes that this additional equipment,
when completely refurbished, costs roughly one third of what it would
be new.
Robert Slavik, President and CEO of Ruby Creek, said, "We are
expanding quickly both with operations at Camp and in our
administration and personnel services. It is very helpful to be able
to identify and acquire mining equipment within Tanzania. The full
mining camp at Songea that we just purchased is located only 10 hours
driving from our Camp. Having found good equipment in-country within
easy trucking distance as opposed to having to go offshore is very
good. In addition to saving the Company money it allows us to attain
additional important gold mining and support capabilities that we
could not have been able add so quickly. Adding this to the equipment
in our impending Gold Standard acquisition gives the Company 4
excavators, 5 dump trucks, 3 bulldozers, and 3 loaders as well as
fuel, service and supply equipment for men and equipment. Our Camp is
now at over 100 men and we are adding 20% more capacity for our
expanding mining and geology personnel. We are making significant
progress."