Lovitt Resources Inc. (TSX: LRC.V) is an emerging gold mining company planning to re-activate gold and silver production at its crown jewel, the Lovitt Mine in Wenatchee, WA. Major mining companies Teck Corporation, Asamera Minerals (US) Inc., Newmont Mining Inc., and Cyprus Anvil conducted exploration in the 1970’s and 80’s focused upon producing an open pit mine. The open pit idea recognized the high tonnage lower grade potential, but current management is focused upon the historic high grade gold/ high return on capital model, maintaining as green a footprint as possible.
The Lovitt Mine ranked sixth in gold production in the USA when it suspended operations in 1967. Besides the reams of data produced by the companies above, our founder Ed Lovitt kept meticulous notes on daily assays, tunneling, long hole drilling, and production. The maps and diagrams produced by his drafting department met consistently high engineering standards. Using this information as a base, LRC intends to conduct an aggressive exploration program building upon the substantial geological resource already established and summarized in the recent Watts Griffis and McQuat report.