Western Sierra Mining Corp., (Pink Sheets:WSRA) confirmed today that the Gold Basin mine will commence a full production schedule beginning immediately.
Under a mutual agreement with Pine Creek Mining, the current owners of the Gold Basin Mine, Western will continue to provide a variety of services for the long-term development of the property. Western and Pine Creek will mutually act as mine supervisors for the production phase on the upper portions of the mining claims.
The new production plant now being installed is designed to operate at 50 yards per hour. The current plant location and holding ponds are being modified to facilitate material handling requirements.
In addition to the work on the upper claims, Western and Pine Creek will focus additional resources on developing the lower claims including additional testing and permit expansion. The intent, in conjunction with the U.S. Forestry Service, is to provide a long-term alternative to the current plant location while significantly expanding production.
The Gold Basin Mine is fully permitted and bonded with proven and probable reserves of in excess of $800 million at gold prices of $1,200. Depending on ultimate production rates, mine life will be in excess of 20 years
News 
Market Data 
Discover 
AI
