News Focus
News Focus
Followers 148
Posts 25954
Boards Moderated 2
Alias Born 02/01/2013

Re: gitreal post# 3667

Thursday, 08/25/2016 9:59:48 PM

Thursday, August 25, 2016 9:59:48 PM

Post# of 4050
I think this is the direct connection to Cardinal to which you refer..

The only reason that Owens would pay anybody (a consultant, a water treatment company) to do anything with his worthless tailings piles is to lay the groundwork for a "story".



It is important to note
that in the historic tail
-
ings there are the roasted
tailings which are the
tailings that were sam
-
pled by Cardinal and
un-roasted or white tailings. The roasted tailings are lower grade due to the
improved mill recovery. In addition to the roasted tailings, there are an es
-
timated 300,000 tons of higher grade (0.062 oz./ton) tailings that are from
the oldest milling operation. These higher grade tailings, which are found on
the surface and underlying the current inactive tailings pond have an approxi
-
mate contained value of $11,680,800 in gold. Assuming that the ore gold to
silver ratio is carried over to the tailings the contained value of the silver is
$268,017.
The combined contained precious metal value of the roasted and un-roasted
tailings is $38,307,063. This does not include the value of the silica that may
be realized by use as smelter flux
http://usarmininggoldscam.com/VastMountainDevIncProspectusCongressMineTails2011.pdf

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today