Its Kingston mill having been commissioned in March, Vancouver-based Nevada Goldfields shipped about 1,100 oz gold during that month, the company reports.
Nevada Goldfield’s new mill is a 500-ton-per-day facility located at the Kingston property (formerly the Sumich mine property) west of Reno, Nev., where a re-evaluation has boosted reserves to 1.1 million tons grading 0.26 oz gold per ton.
Under an agreement between Nevada Goldfields and New Beginnings Resources, the latter is to receive a 50% net smelter return royalty after Nevada Goldfields recovers $5 million(US) from the operation.
Meanwhile, at the Aurora open pit project, also located in Nevada, the company has completed plant layouts and civil engineering operations. A treatment plant and facilities are planned. The company has bought three adjacent claims which are being leased to Electra Northwest Resources; Nevada Goldfields will receive a 4% net smelter return on production. The company reports the three claims have indicated reserves of 1.4 million tons grading 0.12 oz.
And at its Empire project near Denver, Colo., the company is planning a drilling program this summer.
Nevada Goldfields is 51% controlled by the Australian firm Golconda Minerals.
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