Thursday, April 16, 2020 6:55:15 AM
The Harquahala Mine has been tested and shown to have recovery potential for 26,000 - 50,000 ounces of gold. The current spot gold price is over $1700/oz.
Management notes that the Company just received notice from the Arizona Department of Environmental Quality (“ADEQ”) that ADEQ “hereby authorizes Bonanza Mining Company to operate the Harquahala Mine, a gold mine located in an unincorporated area 8 miles south of the Town of Salome, La Paz County, Arizona” based on the issuance of AQUIFER PROTECTION PERMIT NO. P-512944, which will remain effective for the life of the facility.
The issuance of this permit allows for the construction of a 242,000 cubic yard heap leach pad and a 4,126,239-gallon double-lined pregnant solution pond, where consolidated historic ores and tailings at Harquahala will be subject to gold extraction through conventional cyanide leaching.
“We would like to thank everyone who had a hand in helping this project graduate to its construction phase,” commented Alan Brown, Tombstone CEO and President. “It has been an efficient process and we look forward to the immediate initiation of construction and then production operations.”
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM