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Tuesday, September 29, 2015 3:46:19 PM
The Mav 5 claims are sub-divisions of the former Solomon 5 claim. The claims are placer alluvial deposits, which are deposits made by mountain water run-off forming a large alluvial fan. The depth of the deposits is up to 125 feet; the geologic report show concentration of gold in the deposits increases with depth.
The Geologic Report estimates the value of the reserves of the Mav 5 claims alone to be from $103 million to $311 million!!
With the current equipment, Genesis Mining Corporation can process up to 1,000 cubic yards a day, which at a return of $55 per cubic yard, would have the potential to produce gross revenue of $55,000 per day.
PRODUCTION PLANNED FOR Q4 2015!!!
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