Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Searchlight Minerals Corp SRCH

Searchlight Minerals Corp. is an exploration stage company, which is engaged in a slag reprocessing project and the acquisition and exploration of mineral properties. The Company is focused on the Clarkdale Slag Project, located in Clarkdale, Arizona, which is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ore mined at the United Verde Copper Mine in Jerome, Arizona. The Company is involved in separating valuable metals, including gold, high-quality pig iron, and zinc oxide from approximately 20 million tons slag pile left from the United Verde Copper Mine in Jerome, Arizona. It separates out pig iron of 95% or greater purity from the Clarkdale slag creating a glass with residual gold trapped inside from the slag. The Company’s wholly owned subsidiaries include Clarkdale Minerals, LLC and Clarkdale Metals Corp.


PINL:SRCH - Post by User

Post by AlmightyVoiceon Apr 11, 2018 3:36pm
77 Views
Post# 27868740

The Graduating Class 1987 GOLD REPORT BOOTLEG

The Graduating Class 1987 GOLD REPORT BOOTLEG

The Graduating Class 1987 GOLD REPORT BOOTLEG

Remember the little Flin Flon Mines operation, just west of the Manitoba own after which it was named? It didn’t work out and wound up in receiver ship. Then last year a Regina-based oil company, Vista International Petroleums, picked up both the mine and mill from the receiver for $600,000. The assets have since been spun off into Vista Mines, and the new co mpany hopes to begin produ ction by July on the mine, now called the Bootleg.

It’s a small deal: a 125 ton-per-day plant and 183,871 tons of reserves averag ing 0.35 oz gold per ton. At least that is what the company believes it has. It is now conducting a very comprehensive exploration program in order to prove up those reserves. The deposit is being drilled off on 25-ft spacings. The company estimates total onsite costs at less than $50 per ton, which would give it some leeway at today’s gold price. The complex includes an assay lab, 7-year tailings pond and a full compliment of mining equipment. It can pour gold bricks right on site.

Vista also has a number of other properties — 15,000 acres in all — in the immediate area, some of them with small reserve inventories. It will be carrying out exploration on these as well.

 

Down the road Vista hopes to increase production to as much as 350 tpd if it can prove up additional reserves.


<< Previous
Bullboard Posts
Next >>