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NOTES FROM THE UNDERGROUND: Late October Update

PROGRESS AT THE MILL


The final pieces continue to come together as the drive to the finish line proceeds. Keeping everyone updated, here are some pictures from last week.

You may remember the Ball Mill from our last Notes. The rock gets into the Ball Mill from the newly installed Ball Mill Feed Box, shown as the metallic box to the left of the Ball Mill. As the rock travels into the feed box, there is a snail shell scoop that picks up the material and spirals it into the Ball Mill, where it is pulverized into smaller pieces. On the bottom right of the picture you’ll notice a yellow bucket filled with balls that give the apparatus its name. They average about 8 pounds each and are made of chilled cast iron and forged steel. Slightly different than a bucket of balls at a driving range.


Here is a picture of the specially fabricated and recently delivered conveyor that moves the rock along on its path to the Ball Mill Feed Box. Because we are renovating a mill that hasn’t operated in decades, items like the conveyor had to be specially designed and machine made to fit into the confines and requirements of our system. A significant portion of items we are using had to be specially made rather than picked up “off the shelf” at suppliers.


This is an excellent shot of the motor that was just installed on the mill. The ropes on the right are part of the process of balancing the machinery. When balanced, they will be replaced by belts which fit into each of the grooves.


Here we are moving the coarse or bin in preparation for its installation at the mill. We’ll need a crane to deposit the bin in its final spot as soon as the site is prepared, and the foundation poured.

SUCH STUFF AS DREAMS ARE MADE ON


With all this talk about the Mill, I thought I’d bring us back to what started this journey ……….. The Richest Square Mile on Earth. Pictured below are two sides of a piece of one of our veins that assayed at 11 ounces of gold per ton of rock. To put that in perspective, the Fire Creek Mine in Nevada has the highest grade gold production in North America – 1.4 ounces per ton. Will GS Mining take over the top spot on the leader board ? Stay tuned for further announcements. And don’t forget this Humphrey Bogart line from Treasure of The Sierra Madre, “I think I’ll go to sleep and dream about piles of gold….” (Although, I expect a happier ending than Fred C. Dobbs.)


Cheers

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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