Pan Amerin Energy Corp (PAANF)

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$GSUXF: Mark A. McLeary and the CherryHill Mine


https://investingnews.com/daily/resource-investing/precious-metals-investing/gold-investing/theres-gold-in-them-hills-a-tour-of-silver-sun-resources-cherry-hill-mine/

A little recent history

Silver Sun completed the acquisition of the Cherry Hill mine, a formerly producing, high-grade gold mine, in June 2011. One of the benefits of purchasing a past-producing mine is that the cost of moving into production is much lower than the cost of bringing a mine from the exploration phase to the production phase.

In the short time since it purchased the property, Silver Sun has already started stockpiling ore and in October it started trucking at least 1,000 tons of mineralized material to a mill located in Grant’s Pass, Oregon.

In production: stockpiles and concentrates

Before heading out of town towards the mine, we made a pit stop at the company’s storage facility. Like any storage unit, equipment and random machine parts were being kept amid the stockpile of ore that was waiting to be trucked off to the mill in Grant’s Pass.

While impressive, the stockpile wasn’t what drew our attention. Sitting a little ways away from the mass of dirty quartz were several large bags. These bags, as Mark explained, had already returned from the mill, and were filled with gold concentrate averaging 15.21 ounces of gold per ton.

The next step for this concentrate was shipment to Nevada for smelting.

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