RE:RE:Pumpkin Hollow's Open Pit Vs CMMC's Eva Projectthat MTM Rail Line is going to start around Arturo/Carlin - down to Cortez.. NG has a new Roaster going in somewhee/area.. too early to tell if NG acquires the tonopah solar farm... the molten metal collectors faild -and- the generator was closes. probably could B retrofitted to the existing solar panel farm.. power woulg gp out thru power line road.. goes up to winemucca. where the Idaho General got thier power to run the mills for moly.. NG did stipulate in the oress releases - several tht they were permtting for 10 farms - Where ?? that harry haddler fueeffer woudl start running around w free buss rides and disabled tribal member in tow,, NCI is going to need mills !! will NCI and Hud simply load ore nto rail and into salt lake @ kennicot ??? Cirillo wants a smelter ???
agnico had a primary - then to equinox - then to anuther (%) south something TSX,.. i traded all of ehese storks years ago - going into Ca Boxing Day,, the clip below should give U an idea of the cookies thaat R being soft baked.. Lone tree went underground - closed their OP last winter when i was @ EKO..
curios 2 see what happens on the ASM ~ 15th..
getting a proxy vote for Lion Iron few days ago - was a "whats this" i get these sometimes after i hav sold a stork/out.. but never hav i rec one for a stork I never owned ?
this NCI is pure entertainment - bowl of cherries - a few weeks out of theworkforce... this mine is a GEM !
i-80 Gold to create Nevada complex through asset exchange with Nevada Gold Mines
Deal allows NGM to consolidate production from the South Arturo open pit (pictured) and the El Nio underground. (
Image courtesy of i-80.)
US-focused gold miner i-80 Gold Corp (TSX: IAU) said on Tuesday it had inked a deal with Nevada Gold Mines that will help it create a major mining complex in the precious metals-rich state of Nevada.
Nevada Gold Mines (NGM), a partnership between Newmont and Barrick Gold, is buying from i-80 the remaining 40% interest in the South Arturo JV and a low-cost option to acquire the adjacent Rodeo Creek exploration property.
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i-80, a relatively new company born from Equinox Gold’s (TSX, NYSE: EQX) acquisition of Premier, gets in exchange the Lone Tree and Buffalo Mountain properties, as well as related infrastructure, currently on care and maintenance.
i-80 also has also signed a definitive membership interest purchase to acquire Ruby Hill Mine from affiliates of Waterton Global Resource Management for $150 million in cash and shares
The company also has also signed a definitive membership interest purchase to acquire Ruby Hill Mine from affiliates of Waterton Global Resource Management for $150 million in cash and shares.
Ruby Hill hosts multiple deposits that could collectively be one of the biggest gold and silver endowments in Nevada.
The deals, i-80 chief executive Ewan Downie said, would position the company as one of the biggest gold producers in the state of Nevada with the capacity to process refractory and oxide mineralization.
For NGM, it is an opportunity to consolidate production from its South Arturo open pit and the El Nio underground, capturing 100% of the longer-term upside on both orebodies. The agreement also provides NGM with a low-cost option to acquire 100% of the Rodeo Creek property comprised of exploration ground adjacent to South Arturo.
“This is a win-win transaction for both Nevada Gold Mines and i-80,” Greg Walker, managing director of NGM said in a separate statement.
“Through the acquisition of Lone Tree, an asset not being utilized by NGM has become a transformational asset for i-80. In return, NGM’s acquisition of i-80’s 40% of the South Arturo Joint Venture secures additional ounces with both open-pit and underground optionality for our Carlin operation,” Walker added.
I-80 is also advancing an underground development program for the 100%-owned McCoy-Cove property, south of Battle Mountain, and completing the acquisition of the Getchell Project.
The miner has said it would “aggressively pursue” the development of the Pinson underground and open pit opportunities.