InvestorsHub Logo
Followers 2
Posts 449
Boards Moderated 0
Alias Born 03/20/2004

Re: None

Monday, 07/14/2008 10:59:01 AM

Monday, July 14, 2008 10:59:01 AM

Post# of 34
A brief history of the Unity Gold Mine. MXV has a 60% option.

The Warren Minerals District was discovered in 1862. Gold production of the district has been estimated at $255 million. High grade ore was exhibited at International World Fairs and Exhibitions. The richest mines in the district were owned by Unity Gold Production Company. The Warren Times stated that “Unity Gold Mines rank among the richest mines in Idaho” and in 1896 “An ore specimen as large as a man’s body assaying $11,155 (540 oz/gold/ton @ $20.67/oz) was shipped to the Boise Stock exchange”. The Lindgren Report (1900 USGS) stated that Unity’s Little Giant mine averaged 5.6 oz/gold/ton and 30/oz silver.

The Unity properties, under the name of Unity Gold Production Company, were fully operational and listed on the NYSE prior to 1942 with a high of $14 per share and paid dividends for years. The properties have not operated since being closed by the U.S. Government for the WW2 war effort.

Website hasn't been updated to reflect MXV's involvement, still relevent info.
http://www.unitygoldsilvermines.com/



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.