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Their comprehensive systems approach and its support of new and potentially innovative "green" technologies, CTGX will accomplish the above while simultaneously working to preserve the environment and assisting local communities in improving their quality of life.
CHCX
Through its many different programs, innovations and approaches, CTGX seeks to reduce investment risk for its investors (through a program of diversification of its ores and revenue streams), while generating profits and creating long-term economic growth & sustainability for the company & its shareholders.
CHCX
CHCX All of our milling and heap-leach process operations are designed to be closed loop systems and to recirculate water. In many cases, run-off from the mine and other water, such as treated camp sewage, are also captured in the process water cycle. Where local regulations allow and water quality standards are met, some water may be discharged.
The company is a unique, dynamic and innovative American mining company with international mining operations that intends to lead in creating new paradigms within its business model for the mutual benefit of its shareholders, the environment, and the communities which will be positively impacted from its presence.
CHCX
Water is a valuable resource, and at CTGX we are committed to conserving and managing it efficiently and effectively.
Looks ready to close the week strong Mick!
CHCX
CHCX Company adheres to strict safety and environmental regulations where it operates. These include conducting a full Environmental Impact Assessment/Environmental Impact Statement (EIA/EIS) before receiving a permit to operate. The EIA/EIS includes a detailed closure and full rehabilitation plan for the project. We also intend to complete studies on environmental parameters such as bio-diversity, water, air, soils, noise and mining wastes. These parameters are used throughout operations and closure to ensure mitigation programs are effective.
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Good Morning $CHCX
CTGX Mining, Inc. supports and looks to utilizing and taking advantage of advanced “green” and other high tech capabilities to enhance the efficiencies and effectiveness of its operations and socio-environmental responsibilities wherever and whenever feasible. One of CTGX’s sister companies is Chancellor Business Development which partners with many hi-tech companies that bring new, advanced and potentially paradigm shifting technologies to the marketplace. One exciting company, which CTGX will be exploring further for its potential to not only improve efficiencies and effectiveness of operations, but also provide ensured sustainability and benefits for the environment and local area is a plasma conversion capability. This disruptive technology is not only a market game changer but can be very beneficial for CTGX’s mining operations, especially in Mexico. This plasma device produces extreme temperatures that cause materials to dissociate into their elements achieving cheap extraction of the materials (e.g., gold, lithium, boron, etc.). In addition to the cheap extraction the water used in the process can be purified and made potable. Additionally the steam generated form the extreme temperatures created can be used to turn turbines and generate electricity. And the capability is also there for the possibility of using the technology for solid waste incineration as well. What this all could mean for CTGX is not only more efficient and effective operations, but the ability to also generate its own electricity, its own solid waste disposal and take water that may be dirty or muddy or polluted and purify it into potable drinking water. This type of disruptive technology will be closely explored for possible applications based upon its effectiveness, efficiency and potential return on investment benefits. Other technologies will be explored as well, whenever possible and whenever they may be in the company’s best interests.
At CTGX Mining, Inc. we believe strongly in education and training not only for our own employees to enhance and support their career development, but also for providing educational opportunities to the local community (when able and desired by local communities through our Community Outreach programs) through grants, scholarships, apprentice programs, and other educational program opportunities like our sister company The Academie (a complete K-12 educational curriculum) can provide and we can sponsor for the benefit of local indigent peoples at our locations. We also further support these training programs by encouraging local hiring whenever possible. CHCX
At CTGX Mining our goal is to proactively engage with the Local Community in an effort to make a positive impact and ensure that the local communities and countries in which we operate are better off economically, socially, and culturally as a result of our activities and presence. Because of the global nature of our business and the diversity of each community (and their needs) in which we operate, we espouse the belief that community development is not a “one-size-fits-all” approach but needs to be customized and developed based on the needs, desires and wants of each community in which we operate. At the local level, we hold public meetings and work with each community and their leaders to identify and develop opportunities for mutually beneficial win-win partnerships. And in working with each community and their individual needs, we can better and more actively support the development of the local social and economic infrastructure. We also can better support community initiatives – especially health, education and business development – so that when our mining operations are completed the local community will be better off for us having been there; and, can better sustain and continue to improve their quality of life. CHCX
At CTGX Mining, Inc. we are committed to making a positive difference in the communities and countries where we are located. We strive to improve local socio-economic circumstances through economic contributions, community involvement, community consultation, support of health and education, and the sponsorship of special events. We work in partnership with community bodies, government officials and other stakeholders to increase understanding of cultures, customs and values, and to encourage open, constructive dialogue and trust. CHCX
All of our operations are directed to have mine closure plans and mine closure cost estimates in place. Returning land disturbed by mining to stable and productive post-mining land uses is a cornerstone of our commitment to responsible environmental stewardship. At CTGX, reclamation planning begins “before” construction and is regularly updated throughout the life of each mining operation. During the life of each mine, reclamation test plots as well as engineering and environmental studies assist in verifying and optimizing reclamation strategies and plans. Every effort is to be made to reclaim land that is no longer required for operations while mining operation are still active. CHCX
CHCX All of our mining operations are also tasked to evaluate direct and indirect biodiversity risks under their environmental management systems as part of their regular mine lifecycle management program.
Each CTGX mining operation is required to maintain a waste rock management plan that includes procedures to identify and manage materials which may be subject to leaching, including acids, metals or other substances that could potentially impact surface or groundwater. Waste rock piles are designed and constructed to be stable. We have company-wide systems to regularly monitor and inspect waste piles to ensure that they are being maintained in accordance with our standards. If waste rock is geochemically suitable, in some cases it can be used as a source for fill, road base or other construction purposes. CHCX
CHCX The objective of CTGX’s tailings management program is to design, build and operate tailings structures that are:
•physically stable under all anticipated conditions and that meet regulatory and engineering guidelines;
•chemically stable, such that the quality of any seepage or surface run-off does not endanger human health or the environment; and
•able to be closed at the end of a mine’s life in a manner compatible with the surrounding land use, and which have a minimal impact on the environment.
CHCX We recycle and reuse waste from our operations to the maximum practicable extent. Materials that cannot be recycled are disposed of in a manner that is environmentally acceptable and in compliance with regulations. Waste products include spent batteries, fluorescent light bulbs, cupels and crucibles, waste oil and spent solvents and domestic wastes. We have procedures in place at all sites that outline the proper handling and storage of wastes to ensure that people and the environment are both protected
Climate change associated with industry and other human activities which produce greenhouse gases is a pressing public concern. Greenhouse gas emissions at CTGX are almost entirely associated with our consumption of electricity and hydrocarbon fuels, which account for a significant portion of our ongoing operating costs. At CTGX we have both an ongoing environmental as well as an economic imperative to improve efficiencies and limit greenhouse gas emissions; as well as, energy costs & consumption at all of our operations. CHCX
CHCX The most common air emission at our operations is dust, which is produced from road travel and mining operations. Dust from roads is controlled by road watering and the managed application of chemical surfactants. Dust at crushers and conveyor belt systems is controlled with mist sprays and collection systems deployed at emission sources.
CHCX All of our milling and heap-leach process operations are designed to be closed loop systems and to recirculate water. In many cases, run-off from the mine and other water, such as treated camp sewage, are also captured in the process water cycle. Where local regulations allow and water quality standards are met, some water may be discharged.
Water is a valuable resource, and at CTGX we are committed to conserving and managing it efficiently and effectively.
CHCX Company adheres to strict safety and environmental regulations where it operates. These include conducting a full Environmental Impact Assessment/Environmental Impact Statement (EIA/EIS) before receiving a permit to operate. The EIA/EIS includes a detailed closure and full rehabilitation plan for the project. We also intend to complete studies on environmental parameters such as bio-diversity, water, air, soils, noise and mining wastes. These parameters are used throughout operations and closure to ensure mitigation programs are effective.
The Concession is essentially a series of claims that surround the vast majority of the lake. Roads, including the National Highway, provide excellent existing access throughout the area and all the way to two commercial ports. The area also has good infrastructure—water, electricity, phone, hotels, a national airport and other services.
Initial exploratory work was conducted and six holes were drilled at the margins of the lake with 238 sediment samples collected. Nearly ½ ton of soil samples from around the lake bed and down to a depth of 30 meters were taken for analysis. An initial geological study and report was completed in June 2011, and a second independent study and report was completed in September 2012 which not only confirmed the estimates of the first report, but indicated that there were also substantial amounts of rare earth elements which were available for commercial purposes as well.
The lake is full of sediments containing the potential for economically significant amounts of Gold (Au), Lithium (Li), Bentonite (N/A), Boron (B), Manganese (Mn), Magnesium (Mg) and Potassium (K). Additionally, there are significant amounts of the rare earths Cerium (Ce), Lanthanum (La) and Scandium (Sc) as well as other valuable reserves such as Vanadium (V) and Strontium (Sr).
Taking into account the outcome of analyses of polls running very favorable to the depth of 30 meters, reserve calculations could be:
For Gold (AU): = 300,000.00 tons of gold element family products
For Lithium (Li): = 2,410,995.00 tons of lithium carbonate
For Boron {B}: = 2,898,000.00 tons of boron
For Sodium (Na): = 90,033,615.00 tons of sodium
For Potassium (K): = 4I,313,825.00 tons of potassium
For Magnesium (Mg): = 126,735.00 tons of magnesium
BRING IT $CHCX
indeed it does!! $CHCX
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CHCX has strong hands playing!
I second that!!!! $CHCX
If news falls BOOOM CHCX
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CHCX is going to make my profile look so good!
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Bring on a great Friday CHCX!
ready for a little slap slap and this thing will fly CHCX
CTGX Mining, Inc. is positioning itself to become an innovative leader within the international mining industry for the following combined reasons which will all work synergistically together to do what is right for the company (and its long-term sustainable growth), its shareholders, the environment, and the indigenous people residing near its operations CHCX
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OVERVIEW
CTGX Mining, Inc. is an American mining company with international mining operations focused on gold, silver, lithium and other valuable ores & rare earth elements using the latest in technological advancements & equipment to maximize the efficiency and effectiveness of its operations while protecting the environment and supporting the local, indigenous populations at each of its project sites to improve their quality of life in an effort to create long-term sustainability and profits for the company and its shareholders. The Company is a Florida corporation and is controlled by Chancellor Investments, Ltd., a Nevada corporation who own 94% of the issued and outstanding stock of the Company.
CTGX Mining, Inc. currently has mining concession rights (through its subsidiary company Chancellor Mining and Minerals, Mexico which it owns 95% of) to a very large mining project in Mexico.
In Mexico, the location and opportunity are unique because of the size of the Concession and the estimate of probable reserves of gold, lithium, potassium, boron and other minerals and rare earths. In Mexico, the company has the mining concessions and rights to 22,896 hectares (over 55,000 acres) of land that includes and surrounds Laguna Cuitzeo, a large and very shallow (less than two meters in the rainy season) lake bed that is 50 kilometers long and averages about eight kilometers wide, located in the part of the state of Michoacan. The company is preparing to begin operations on potentially one of the largest reserves of gold, lithium, other ores and rare earth element mining fields (via an open pit mining operation) in the Western Hemisphere.
CURRENT MINING PROJECTS
CTGX Mining, Inc. currently owns a major and very valuable gold, lithium, other ores and rare earth elements mining project (Mining Concessions rights) in Mexico - referred to as Relampago 2 or The Lake Cuitzeo Mining Project.
The location of CTGX’s Mexican project is unique because of the size of the Concession, 22,896 hectares (over 56,000 acres), that includes and surrounds Laguna Cuitzeo, a large, very shallow (less than two meters in the rainy season) lake bed that is 50 kilometers long, and averages about eight kilometers wide located in the northern part of the state of Michoacan.
The Concession is essentially a series of claims that surround the vast majority of the lake. Roads, including the National Highway, provide excellent existing access throughout the area and all the way to two commercial ports. The area also has good infrastructure—water, electricity, phone, hotels, a national airport and other services.
Initial exploratory work was conducted and six holes were drilled at the margins of the lake with 238 sediment samples collected. Nearly ½ ton of soil samples from around the lake bed and down to a depth of 30 meters were taken for analysis. An initial geological study and report was completed in June 2011, and a second independent study and report was completed in September 2012 which not only confirmed the estimates of the first report, but indicated that there were also substantial amounts of rare earth elements which were available for commercial purposes as well.
The quantity and diversity of ores available (from gold & lithium to boron & many rare earths) makes this a very unusual and very exciting project. This project has the potential to make it one of the largest gold reserves in the Western Hemisphere.
The lake is full of sediments containing the potential for economically significant amounts of Gold (Au), Lithium (Li), Bentonite (N/A), Boron (B), Manganese (Mn), Magnesium (Mg) and Potassium (K). Additionally, there are significant amounts of the rare earths Cerium (Ce), Lanthanum (La) and Scandium (Sc) as well as other valuable reserves such as Vanadium (V) and Strontium (Sr).
For the June 2011 Geological Report, Click Here
For the September 2013 Geological Report Executive Summary, Click Here
For the September 2013 Geological Detailed Report, Click Here
ESTIMATION OF PROBABLE RESERVES
Taking into account the outcome of analyses of polls running very favorable to the depth of 30 meters, reserve calculations could be:
For Gold (AU): = 300,000.00 tons of gold element family products
For Lithium (Li): = 2,410,995.00 tons of lithium carbonate
For Boron {B}: = 2,898,000.00 tons of boron
For Sodium (Na): = 90,033,615.00 tons of sodium
For Potassium (K): = 4I,313,825.00 tons of potassium
For Magnesium (Mg): = 126,735.00 tons of magnesium
From the latest geological report’s analysis we should also be having additional ores available for commercial marketability purposes from the Rare Earth Elements (REEs) discovered as well. For the gold element, at a spot price of $1,500 an ounce of gold, the value of the probable reserves would be in excess of $ 14 trillion dollars (US) for the gold reserves alone.
This is a virgin, open-pit type of operation where the mining will be performed utilizing the latest and most sophisticated of equipment (inclusive of wash plants, trammels, conveyor systems and excavators) to be applied to a major stockpile operation. Further exploration will be conducted by analyzing earth substrata for further subsurface water and mineral deposits using cutting edge, proven technology.
Reports are available by e-mail request only: REQUEST HERE (Please specifiy report(s) being requested)
RESOURCES & RESERVES
Following is information about CTGX’s probable reserves.
Definitions
Probable Mineral Reserves – A probably mineral reserve is the economically mineable part of an indicated, and in some circumstances, a measured mineral resource demonstrated by at least a preliminary feasibility study. This study must include adequate information on mining, processing, metallurgical, and economic & other relevant factors that demonstrate, the time of reporting, that economic extraction can be justified.
Projects – Estimation of Probable Reserves
Mexico – Lake Cuitzeo “Relampago II”
Gold (AU): = 300,000.00 tons of gold element family products
Lithium (Li): = 2,410,995.00 tons of lithium carbonate
Boron {B}: = 2,898,000.00 tons of boron
Sodium (Na): = 90,033,615.00 tons of sodium
Potassium (K): = 4I,313,825.00 tons of potassium
Magnesium (Mg): = 126,735.00 tons of magnesium
Rare Earth Elements = A number of different Rare Earth Elements will be available, but quantities
are undetermined at this time.
From the latest geological report’s analysis, it is estimated that at the Relampago II project in Mexico there will also be substantial deposits of the rare earths Cerium (Ce), Lanthanum (La) and Scandium (Sc) as well as other valuable reserves such as Vanadium (V) and Strontium (Sr) for commercial marketability purposes as well.
The stock symbol for CTGX Mining, Inc. is CHCX
Listed on the Over the Counter Market: http://www.otcmarkets.com/stock/CHCX/quote
FINANCIAL STATEMENTS
Market Value1 | $2,165,997 | a/o Jun 20, 2014 |
Shares Outstanding | 27,074,968 | a/o Mar 31, 2014 |
Float | 2,074,698 | a/o Mar 31, 2014 |
Authorized Shares | 250,000,000 | a/o Mar 31, 2014 |
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