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Goldrich Mining Company (GRMC)

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Last Post: 9/9/2016 9:47:49 PM - Followers: 23 - Board type: Free - Posts Today: 0
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Goldrich Mining Company (OTCBB: GRMC) is a U.S. junior mining company with world-class exploration potential and experienced management. Goldrich controls 100 percent of the  historic Alaskan Chandalar gold district, located 190 miles north of Fairbanks.

The company completed a test mine in 2009 on one of the seven alluvial deposits at Chandalar and commenced its first step in commercial production in 2010, producing approximately 1,500 ounces of gold. The deposit contains approximately 10.5 million cubic yards at an average grade of 0.025 ounces gold per cubic yard (1) and is open for expansion with further drilling.

In 2011 Goldrich focused its efforts on drilling lode prospects in an effort to begin grasping the bulk tonnage, open-pit potential at Chandalar. The successful drilling program has identified further prospects to conduct a larger, more aggressive diamond core exploration program in 2012. Goldrich is working to build a world-class resource at Chandalar.

(1)This mineralized material is not a mineral reserve as defined in SEC Industry Guide 7.

INVESTMENT HIGHLIGHTS

  • Targeting district-scale, multi-million ounce resource potential- (48 to 64 million ounces)
  • Results-oriented management and directors team- 400 years of combined experience
  • 100% control of Chandalar Gold district- historical production of more than 85,000 ounces gold
  • Downside protection- alluvial production while lode 'source' targets are developed
  • 2010 production- 1,522 ounces gold and 259 ounces silver at Little Squaw Creek Mine

2011 ACCOMPLISHMENTS

  • First ever drill program at Chandalar- drilled 25 holes spanning 4,000+ meters
  • Tested six prospect areas- 4 km trending belt of gold showings
  • Uncovered numerous mineralized zones- 56 intervals contained 0.5 g/t gold or greater
  • Drilled two high-profile prospects- 6.57 g/t over 1.5 meters at Aurora prospect and 6.02 g/t gold over 2.1 meters at Rock Glacier prospect
  • Completed geochemical grid survey- over 1,500 samples taken
  • Flew airborne magnometer survey- identified series of anomalies over prospect areas
  • Added to land position- Staked additional 25,600 acres of Alaskan state mining claims to bring total land position to 48,440 acres

 

2010 ALLUVIAL PRODUCTION

               

 


  • 1D
  • 1M
  • 2M
  • 3M
  • 6M
  • 1Y
  • 2Y
  • 3Y
  • 5Y
GRMC
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#150   Hey, stocktrademan and others, This POS isn't going losing money here 09/09/16 09:47:49 PM
#149   GRMC bullish 0.0500 stocktrademan 08/19/16 09:50:30 AM
#148   I am not impressed at all with GRMC. losing money here 07/12/16 11:24:20 PM
#147   I find it pretty surprising GRMC is down JB3136 06/24/16 03:06:12 PM
#146   is anyone out there who can figure out losing money here 05/08/16 12:36:03 AM
#145   Well here is the press release that declares losing money here 09/18/15 11:20:24 AM
#144   Hey JAVA 1, and others who believe GRMC losing money here 09/18/15 11:11:53 AM
#143   Easy Runner imo Outstanding: 130,965,806 JAVA_1 05/21/15 08:40:12 PM
#142   GRMC Ready to go! Construction of the JAVA_1 05/21/15 09:28:36 AM
#141   http://www.goldrichmining.com/news/91-goldrich-mining-closes-private-placement.h JAVA_1 05/19/15 07:30:06 AM
#140   Time for Gold http://www.bloomberg.com/news/articles/2015-05-18/bank-of-america JAVA_1 05/19/15 07:29:23 AM
#139   A wealth of Management Experience! GRMC LONG!!!! JAVA_1 05/19/15 07:27:15 AM
#138   GRMC ready to start production in 1 1/2 JAVA_1 05/19/15 07:23:51 AM
#137   Amazing! Someone bought 24k of this POS. skibum2 04/30/15 11:02:49 AM
#136   What's up with this POS? Another $AFYG?? jstorm 11/06/14 12:37:16 AM
#135   Now the sun is getting lower...GRMC the stock Montanore 08/22/14 11:24:28 PM
#134   I am watching the sun get higher in skibum2 03/03/14 02:42:31 PM
#133   worth reading again - .05/shr. still a bargain IMO beninsac 02/04/14 02:45:16 PM
#132   looks like things are progressing forward for GRMC :-) beninsac 02/03/14 03:00:58 PM
#131   $$$$$ GRMC $$$$$ beninsac 01/30/14 03:46:54 PM
#130   It probably won't move until gold goes much higher. Montanore 01/15/14 02:29:49 AM
#129   Going to start moving sometime... Hopefully :-$ beninsac 01/11/14 02:32:31 PM
#128   HELLO Hello hello... beninsac 09/09/13 09:08:40 PM
#127   Nice! trinityd 11/05/12 12:31:49 PM
#126   To make it worse, the amount of gold Montanore 06/13/12 11:58:07 PM
#125   Placer mining in Alaska that far north is eward368 06/12/12 02:38:57 PM
#124   You are not listening! It is just what losing money here 06/12/12 01:58:25 PM
#123   I agree with most of what you say eward368 06/11/12 11:50:44 AM
#122   Looking like we have some potential here. J/V Huntewr7 06/11/12 04:49:25 AM
#121   I just can't help to say that as losing money here 12/27/11 12:22:22 PM
#120   I'd say middling. The good news is they Montanore 12/02/11 12:00:53 PM
#119   So can anybody here translate into English the jigoda 12/01/11 10:01:39 PM
#118   News out. Montanore 12/01/11 12:39:50 PM
#117   Thazzik Mountain claims from press release: 1option 11/15/11 02:19:24 PM
#116   Price continues to consolidate and form a strong 1option 11/15/11 02:15:09 PM
#115   Goldrich chart Montanore 10/29/11 01:54:35 PM
#114   Yes, upcoming positive events should propel this stock jagfan62 10/27/11 02:42:25 PM
#113   Some nice upside potential in this stock. The 1option 10/27/11 02:02:01 PM
#112   Goldrich Concludes Seasonal Exploration Program at Chandalar, Alaska 1option 10/27/11 02:00:23 PM
#111   Nice positive reversal going on in Gold today. moonshot57 08/25/11 12:33:22 PM
#110   I've watched CNBC or years and they always Montanore 08/24/11 05:36:01 PM
#109   Eventually things will reach their level. If they sbb4th 08/24/11 05:34:06 PM
#108   The criminals will do anything to keep people Montanore 08/24/11 02:25:26 PM
#107   i wouldnt put it past the FED to moonshot57 08/24/11 02:08:48 PM
#106   They might not launch QE3 but essentially I moonshot57 08/24/11 02:04:15 PM
#105   If you watch CNBC, you know that they've Montanore 08/24/11 02:02:08 PM
#104   Simple question. Is the government going to stop sbb4th 08/24/11 01:59:31 PM
#103   Gold was up $200 in just the last moonshot57 08/24/11 01:58:27 PM
#102   It took five days for gold to go Montanore 08/24/11 01:46:16 PM
#101   it seems consistent with the velocity of the moonshot57 08/24/11 01:38:01 PM
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