Nevada Manhattan Mining (NVMH-O) has shipped its first batch of ore to a new carbon-in-pulp mill in central Nevada. The mill is owned by New Concept Mining, a subsidiary of American Technologies Group (ATEG.U-O).
From its property in south-Central Nevada, the company shipped 5,000 tons grading 0.12 to 0.14 oz. gold per ton. The US$1.8-Million, 200-Ton-per-day mill was built in 1996 for New Concept’s Manhattan operation, which lies less than a mile from Nevada Manhattan’s property, in Nye Cty.
Nevada Manhattan owns a 1,778-Acre land position, a third of which is patented.
The mine, named after the company, contains four previous underground producers: the Earle, Bath, Manhattan Consolidated and White Caps. Despite a lack of drill-proven reserves, the company believes the potential for high-grade underground ore is good. Current estimates are based on historic records, and the resources are limited to short-Term mining.
The company will begin drilling on the property within a month and intends to construct a decline into the White Caps area.
New Concept, meanwhile, has reported a new reserve calculation for its 2,290-Acre property. Proven and probable reserves there stand at 1.7 million tons grading 0.13 oz. gold per ton, equivalent to 223,000 contained ounces.
Total resources for the property are pegged at 5.3 million tons of 0.19 oz., equivalent to 1 million contained ounces.
Although much of that material originates from underground sources, New Concept is seeking permits for a heap-leach pad for lower-grade, near-surface material.
The company completed nearly 12,000 ft. of drilling during late 1996 and early 1997, and plans to drill four targets before year-end.
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