RE; mick its good news here from maverick one - the recently acquired alder gulch area, 368 acres, was never explored by the 3 majors who historically operated in area.
From this press release, there is considerable information in regards to their future plans with it.
Evans claims shows potential gold and the gold lady prospect the company feels has potential as well.
But more importantly is what they stated about either a new tailings compound or A NEW MILL.
That would mean a 2nd mill and that hints strongly that expansion is in their future plan of operation.
The same family controlled alder gulch for 100 years- now John Swallow acquired if after 3 long years, and consolidated everything west for 1.2 miles. It’s located right above the town of Murray and trends west.
New Jersey has 477,000 oz’s of gold, with the golden chest, but with that recent acquisition and telling signs of mineralization and veins on surface - look out bob
- New Jersey may have hit paydirt with this 368 acre sweet pick up, which has potential to boost their proven and inferred oz’s up in the future.
The mention of the potential new tailing area and or new second mill, has got my attention. Too me, it kind of revealed their future possible plans at EXPANSION.
For John to be bringing this up, and hints of classic signs of gold mineralization too me tells their story.
Restricted on the $885,000 subscription have been locked up that funded the acquisition of alder gulch and recent $200,000 private placement for working capital etc - tells me their doing quite a bit more production and using far less money in doing it. Their executing and being wise about it, without going all in throwing money out the window.
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