Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jackjc who wrote (2632)	12/2/2005 10:09:29 PM
From: E. Charters	of 78419

What I understood that the mill was based on the old Pan Empire mill and was rebuilt on an Ontario Go-Mill grant by ACA Howe, a long-running CDN consulting company. It was designed a a modern Carbon-in-Pulp gold cyanidation mill. The idea then in the early 1980's was to take mill feed from gold properties in the area and do custom milling. ACA Howe built/ran the mill but the company that headed it was an Australian Company called Pan Empire. There was some intention of restarting the Northern Empire Mine which has considerable good looking ore and extensive unworked qtz veining from surface to at least 1800 feet deep. They never got the contracts from local property owners. I represented one such owner and in approaching the people at Empire I noted they were reluctant to get into deals where they would mine the actual property. They did chase some people but they could not get satisfactory deals. None of the owners had the scratch or the intent to get into mining production. If any of them did, they would probably have needed more tonnage to pay back than the mill could handle. The Gold price of the 1980's came too late to develop capital for mining. Flow thru financing would not then do underground capital development and flow through was all you could raise back then. The only mine that ran in that area for any number of tons was the Louanna Mine of Cumo Res - Mining Corp. I worked at it as a sampler, surveyor and assayer. They mined 150,000 tons of 0.25 ozs/T gold ore. It was about 75 miles north of Nakina but still in the same B-G Greenstone belt as the mines of that area. During that time Roxmark went JV with Ateba mines and started some underground exploration on the Magnet mine which had closed in the 1940's. Ateba would not go into production, preferring to keep drilling as long as the flow thru market held out. At the time too, Rox did not have a mill. Mining Corp had closed the Louanna, but the mill was considered but not taken. Rox was also not in a position on most of their properties to finance both mine and mill. Time had to pass before the iron was hot. That time has come, but it may go if they don't see a lot more money. EC<:-}

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next