miningperu
Junior Member

0,5 M INVESTMENT FOR PRODUCTION OF 5000 OUNCES OF GOLD IN 18 MONTHS

ORE GOLD READY FOR PROCESSING
Quantity: 70,000 tons
Source: Spanish Mine (Colonial production)
Location: Peru Nazca, good accessibility
Surface Geochemistry OF Ore gold: 4 g / t Au
Quality Gold: Gold free, free of contaminants, ideal for leaching or centrifugation.
Recovery: minimum 75%
Gross production: 210000 grams = 7000 ounces gold
Approximate estimated value (gross total): U.S. $ 7 M (1000 $ / Oz)
Time to process all the gold: 1 year maximum 18 months

Estimated investment: $500 000
Expenses:
Machinery: To move 50,000 tons of tailings located within a radius of 1 km;
Building Pads for 4 000 tonnes. There are sites and conditions.
Crusher to 3/8 estimated. There is water and electricity available.
Leaching process / stirring-gravity: the historical cost of leaching is a maximum of $ 2 x ton (Tabachnick and Howard Norman Hadley Bureau of Mines USA)
Aproximate investment: $ 500,000
Inversion recovery: immediate to 35-45 days to
start the 1st pad.
Maximum 18 months for total gold production.
Owners: One-person, open to negotiation.
Claim Area: 1000 has (2471 acres)
Potential: This is not ancient mine only superficially explored and exploited.
Current Location: The mine is being worked as it was handmade in the Spanish era. 4 groups of miners extracted rich veins at different averaging 2-3 oz per
ton (picked). They choose the gold ore and carry it to a processing plant located 6 kilometers from the mine.
There was no systematic exploration drilling.
Compared to other similar Spanish mines in the same area (eg mine Hoschild) the potential is not less than 300,000 ounces.

WORK PERFORMED BY MINING PERU:

1) evaluation of the volume of tailings,
2) mapping structures (mineralized veins);
3) metallurgical testing insitu (leaching test).
4) prior negotiation with the owner, identifying expectations.
Available reports: Report of Geological Survey and map structures. Pictures.
Geochemistry done.
ON THE ENVIRONMENTAL AND SOCIAL ENVIRONMENT There are 4 groups of miners (contractors) working with the owner. Full integration with the local community. It is an area of historic and current
mining production.
There is a working mine adjacent to the property.
The mine does not occupy agricultural land or livestock.