Southern USA Resources, Inc. Announces Production of High Grade Ore on SUSAR No. 1 Property
Company Preparing for Gold Production
ASHLAND, Ala.--(BUSINESS WIRE)--
Southern USA Resources, Inc. (the “Company”) (OTC BB: SUSA), a natural resource exploration and development company, today announced that the Company has commenced mining its flagship property, SUSAR No. 1 and to date, has produced approximately 7,500 tons of gold bearing material, also known as high grade ore using a combination of crushers, screens and pulverizers.
High grade ore is produced through the first phase of processing the ore material from the property. Larger size material is crushed and washed, leaving a slurry of fine sand-like material of ore and gold which is passed through a 30” high speed centrifuge. The Company will be processing the gold bearing material to extract the gold through a final processing technique using an Oro Industries Corporation rougher and finisher. The final product is anticipated to be approximately 90% fine gold concentrate. 80% of the gold is considered to be “flour gold” which is extremely fine in size.
The crystalline rock formations in the area have thin quartz veins approximately 6-15 inches wide that are producing placer and lode gold. The Company has mined 20,000 tons of raw material and is encouraged by the ratio of high grade ore that was produced.
“We have taken the last month mining our flagship property and producing a stockpile of gold bearing material. We look forward to updating our shareholders in the coming weeks as we recover the gold in this next phase of processing,” commented Charles H. Merchant, Sr., CEO of Southern USA Resources, Inc.
