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Re: KansasCrude post# 2611

Thursday, 10/01/2015 11:30:02 AM

Thursday, October 01, 2015 11:30:02 AM

Post# of 47603
No confusion, there is ONE claim involved with the JV contract. Entire Maria Elena Rancho plus one other attached area added early is to be joined with AR as our 20% off the top in product. Involved are numerous easy surface sites once mined by the family and others who paid for the access like Ken. Their plan is production from eventually one open pit covering all with high grades as separate gravity extraction to avoid leach losses and time/expense. Begins with lower level quartz stock zone which allowed family placer wash out plant, rising to uncounted sub-surface sheeted shear zones all the way to rich veins entering the heights. All those down to perhaps 1000 meters deep. Simply doing 100K oz a year for 25 years shows 2.5 mil resource and I'd expect that doubled. He's working on the far separated Ures claims as a similar JV, sounds like with other miners involved, while he settles the legalities with San Felix contract breeched. Still lots for a one man dynamo seems not yet winding down much.