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2022 | NOVEMBER | NOTES FROM THE UNDERGROUND

HAPPY THANKSGIVING EDITION


Greetings from The Richest Square Mile on Earth,


As I write this, it’s a balmy 29 degrees outside the Golden Gilpin Mill where progress continues both inside and outside.


On the outside, our focus is on preparing the site for installation of the coarse ore bin. This is a nice shot of the guys building the walls around the area into which the bin will be lowered. As you can see, it’s a pretty substantial area – all the better to hold the 75 tons of rock per day that will be processed.

On the inside, here are pictures of the Ball Mill and the Rake Classifier which are ready to roll.


From the archives, we’ve uncovered an original picture of the Golden Gilpin Mill. You will note that 90 odd years ago it had a capacity of 75 tons a day. It won’t be long before history begins to repeat itself. Although we haven’t worked out the specifics yet, we’ve got some ideas about how we can increase that capacity.

And lastly, for those of you who’ve never seen the inside of a mill, take a look at these plans we found at the Black Eagle Mill. Apparently, sometime before it closed in the late 1980s, the operators were considering increasing its capacity. This is their schematic. There is a Rube Goldbergish quality to the drawing, but that’s the way they wanted their mill to work. Rock goes in one end and metals come out the other with a lot of action in between.

Happy Thanksgiving to all! GS Mining Company

Comments

CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

 

This report may be deemed to contain “forward-looking” statements. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and we are including this statement for the express purpose of availing ourselves of the protections of such safe harbor with respect to all of such forward-looking statements. Examples of forward-looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure and other financial items, (ii) statements of plans and objectives of ours or our management or Board of Directors, including the introduction of new products or services, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (iii) statements of future economic performance and (iv) statements of assumptions underlying other statements and statements about us or our business.

 

Our ability to predict projected results or to predict the effect of any legislation or other pending events on our operating results is inherently uncertain. Therefore, we wish to caution each reader of the report to carefully consider specific factors, including competition for products, services and technology; the uncertainty of developing or obtaining rights to new products, services or technologies that will be accepted by the market; the effects of government regulations and other factors discussed herein because such factors in some cases have affected; and in the future (together with other factors) could affect, our ability to achieve our projected results and may cause actual results to differ materially from those expressed herein.

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