Worth repeating. Dr. Michael Berry on USPR!
MB: A company called U.S. Precious Metals Inc. (USPR:OTC) has a 37,000-acre property in Michoacán, Mexico, parallel to Mexico City, close to the coast. It's in the Tierra Caliente region. It's probably a porphyry deposit—copper and gold, but it appears to be very high grade. The company has drilled 26 holes with good results. The company is using Eastern European satellite-sensing technology to identify the mineralized areas on the property. Some 71 such anomalies have been identified on a small part of the property. This promises to be a novel and economic way of doing mineral exploration. I visited the property in April and I was amazed at the surface mineralization that shouts out at you. Of course the Spanish mined this property and that's usually a very good omen. The company plans to process two stream beds on the property for placer, which should generate cash flow. U.S. Precious Metals has a great property and had done a good job so far of exploring it. The European geologists are on the ground as I write and we are going to know a lot more about tonnage and grade soon on the property.
I am interested in U.S. Precious Metals for three reasons. I decided to get involved because this is the vehicle that might just revolutionize the mining industry from exploration to production and recovery.
In addition to its novel exploration approach with satellite technology it has a developed disruptive assay and recovery technology called plasma torch technology. It is using plasma torch technology in its pilot plant in Twentynine Palms, California. Plasma is a 5,000-degree ionization technology that separates minerals at their atomic level. It can process oxides and sulfides and take the gasses off easily. It can provide much higher recoveries and often produces higher assays than fire assay technology. The technology is being developed by Plasma Arc Technologies in conjunction with Dr. Edgar Choueiri of Princeton University. Professor Choueiri is also on the Board of Directors of U.S. Precious Metals.
That's a disruptive discovery that really interests me. Plasma Torch technology has been shown to be effective in other applications. It's not particularly new. Airgas just developed a major, $400M garbage disposal plant in England using the technology. Once U.S. Precious Metals gains mineral extraction expertise, it will be a leader in the field. This will be a similar story to EOG's "Star Wars" lead in hydraulic fracturing technology we discussed earlier in this interview. Plasma Torch technology could drastically increase the amount of recoverable minerals, while reducing all in sustaining cash costs of production. New satellite and ground technology could alter how much drilling we have to do to understand an ore body. One only has to think about the number of dumps around the world that are not recoverable with traditional technology.
I think these could become standard technologies quickly—no more than five years.
http://www.theenergyreport.com/pub/na/its-not-about-discovering-a-mine-its-about-discovering-a-technology-1
Continuing to stay R&VVVVCA!
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