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Wednesday, July 07, 2021 11:17:46 AM
Assays
Extensive prior geological work in the area and on the subject claims have indicated consistent impressive results.
The target source material is directly mined from surface, and based on geology and previous testing, is likely consistent to a depth of at least 1000 feet.
Due to the extensive prior geological work in the area (and specifically on the subject claims), SSMG and WSRC have determined it to be redundant to expend the time and capital required to secure an NI 43-101professional report, but rather to utilize that investment of time and capital more efficiently in proving up the claim’s resources though production. Concurrent with realizing actual production results, an NI 43-101 professional report may be commissioned to further refine exploration methodologies and aid in establishing additional specific areas of focus within the boundaries of the reserve.
Projected net income is based on prior assays and testing.
Conventional Recovery
Gold and silver only with gold @ 0.84 oz/ton and silver @ 4 oz/ton
100 Tons / Day
$23,030,000
1,100 Tons / Day
$257,030,000
Enhanced Recovery
Gold @ 2.86 oz/ton, silver @ 1.4 oz/ton, platinum @ 0.4 oz/ton, palladium @ 5.1 oz/ton, rhodium @ 0.9 oz/ton
100 Tons / Day
$269,500,000
1,100 Tons / Day
$3,234,000,000
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