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2023 | NOTES FROM THE UNDERGROUND - The Bin is In!

Greetings to the GS Mining Community,


It’s been a busy and productive couple of weeks as the race to mill completion nears the finish line. The highlight of the week was the successful installation of the Coarse Ore Bin. This was a major and difficult accomplishment and is an important milestone. The Bin is a multi-ton apparatus that is critical to the milling process. Ore bearing boulders are trucked from the mines and dumped into this bin to begin their transformative journey from rock to gold. Because we have to work within the confines of an aging structure, putting the bin in place was more like threading a needle than plugging in a piece of equipment. Here are a few videos taken as the installation was accomplished. The team did an amazing job, and we should all appreciate their hard work and dedication. Please note that this was all done in a ten degree temperature, while snowing, with sizeable wind gusts, frozen ground, and plenty of ice underfoot.





Meanwhile - on the inside of the Mill we continue to finish connecting and installing the motors that will drive all the equiopment. Take a look at a few videos showing the rake classifier, duplex jig and disk filter all in action. The next task is to hook up the conveyor belt from the Coarse Ore Bin into the Jaw Crusher. This work requires precise connections that couldn’t be done until the Coarse Ore Bin was installed.





When will it be done? As I told one of our investors who called from a golf trip to see how we were doing - the ball is next to the green and we are now an easy chip and putt from the hole.


Stay tuned. The next Notes should be celebratory.


Cheers,

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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