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2023 | NOTES FROM THE UNDERGROUND - The Thrill of The Mill!

Greetings from Central City/ Black Hawk where the hills are alive with the sound of crushing.


This week marked a long awaited milestone for the GS Mining Company. The crushing circuit is complete. Rather than my one thousand words, let’s go directly to the video.



It was an exciting moment for me to be able to push all the right buttons and start up the mill. The video shows the journey of rock that has gone though the Jaw Crusher and is on the conveyor belt heading for the Fine Ore Bin. From there it makes its way by belts and scoops to the Ball Mill and the Rake Classifier to complete the crushing circuit. What was dumped into the Coarse Ore Bin has become sand laden with gold which will be freed and separated by remaining wet procedures. As I type these notes, the team is connecting the plumbing and fine tuning the journey. The next Note I expect to send later this month, will be golden.




If I can add a personal note – as thrilling as this is, it is also a bittersweet moment. This was Steve King’s vision and dream, and he is deeply missed. In his honor and memory, there will be a plaque affixed to the building designating this historic structure as:


The Stephen D. King

Golden Gilpin Mill


Meanwhile, back at the Bates Hunter Mine, we’ve been engaged in significant updates that will allow us to pump and purify water – better and faster than ever before. For those of you who remember the installation of Big Blue, here is a picture of Big Blue II.



It arrived a couple of weeks ago and is already installed. We are awaiting the delivery of a second and larger Filter Press that will work in tandem with our existing one and complete the major upgrades. We expect to start pumping by the end of this week or the beginning of next.


As always, stay tuned for further announcements.


Franklin Levy


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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