Thursday, November 01, 2007 1:02:27 PM
HOUSTON--(BUSINESS WIRE)--Russell Industries, Inc. (Pink Sheets:RSDS - News), has entered into a Small Mine Reclamation Contract with the Utah State Division of Oil, Gas and Mining. The Contract will allow Russell Industries to remove approximately 560 tons of material containing Uranium from the Maynard Topaz Mine. A similar contract should be agreed with the National Forest Service within the next week.
What is the Maynard Topaz Mine? Where did this come from? A quick google search brings up some interesting results.
"Maynard Topaz Mine
The Maynard topaz mine, or simply Maynards, is probably the most important of the mineral locations within the Thomas Range. This location was first visited by Maynard Bixby in the 1890s."
http://www.mineralmarket.com/Utahmin/thomas.htm
This mine happens to be near Delta, UT which is very far from the White Mesa Mill
Upon entering into both contracts, The Company plans to remove the material by truckload and deliver it for sale to White Mesa Mill, located within thirty miles of the Maynard Topaz Mine. The Company will then be responsible for reclaiming the approximately one acre site as required by the Utah Mined Land Reclamation Act, Sections 40-8-1 et seq (http://le.utah.gov/code/TITLE40/40_06.htm).
See picture at the bottom for the Maynard Topaz Mine
“The sale of this material will represent Russell Industries’ first revenue since the Company was cleared for quotation in 2006. It is even more gratifying to see this revenue was generated from the Company’s 2007 strategic business plan and business model. We will continue to follow the plan and look for further success in the remaining quarter of 2007,” said Rick Berman, President and CEO.
Russell Industries, a Nevada Corporation, was incorporated in 1997. The Company is a holding company that will possibly acquire assets in the energy, mining, healthcare and financial industries. The Company owns a majority ownership interest in 254 Unpatented Uranium Mining Claims in San Juan County, Utah as of November 1, 2007.
This is very far from White Mesa Mill.
http://geology.utah.gov/online/pi/pi-68.pdf
I would like more info from Berman. What claim set is this mine on? How long has it been there? Give me a map to prove my DD wrong
-faz
"I swear by my life and my love of it that I will never live for the sake of another man, nor ask another man to live for mine." - John Galt
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