Buscar Company (CGLD)

[moneymarkets]

Plan of Operations

We wanted to let everyone know that our Plan of Operations has been filed. Below are some of the details and information from the Plan of Operations.

Expected Life of the Mine - 15 years.

Proposed Start Date - 09/15/20 or as soon as approval is granted

Expected date for completion of all required reclamation: 12/30/2035

Project Description.

This project is for a two phased program, Phase 1 includes rehabilitation of the Ada drift and Phase 2 includes the development of a milling circuit.

Phase 1 will be focused on the Ada adit area and includes first cleaning out and rehabilitating the Ada adit and tunnel, which was burned out during the Moonlight Valley fire in 2007. We will widen the opening and replace the entrance support with steel roof and sides and install a locking door on the adit. After the adit is rehabilitated and mining begins, we anticipate mining 5 to 10 tons per day initially. There will be a skid steer loader with a hydraulic ram working inside the mine and two jack drills. After dropping the rock in the tunnel, the skid steer will load up the ore and take it outside of the tunnel.

For Phase 1, equipment used on site will include: a rental excavator for cleaning out and widening the Ada adit, and a skid steer loader for working in the mine.

Phase 2 will include the addition of the milling circuit. Milling will include crushing and grinding, after which the ore will flow over a shaker table to separate the gold from the tailings. Tailings will be stored for further processing at a mill that can remove the remainder of the gold.

Phase 2 will add equipment for moving the ore from the adit to the landing, the milling circuit consisting of crusher, ball mill, conveyor belts, and a shaker table capable of milling 5 tons per hour, and a pickup truck for moving equipment and fuel.

Reclamation

Reclamation will occur contemporaneously during operations, to the extent feasible, and will be conducted in the form of a “rolling” reclamation to support a phased approach within a maximum 10 acre disturbance footprint, and after all mining activities are completed.

The final surface will look like the surrounding area, matching the contours of the mountain sides they are on. A final restoration effort will take place when all mining ceases and to assure that the reclamation activities were adequate, the site will be monitored for one year past final closure by company personnel.

https://www.buscarcompany.com/forum/mining/plan-of-operations-1