Here is a topic we may not see discussed at the October Vail Conference called Tailings & Mine Waste ’08: Reworking old tailings and waste rock dumps for economic value.
The obvious questions is: should we call on them to have a whole workshop session devoted to the topic? I submit that such a session would be far more interesting and valuable than another paper on leaky liners, geochemical attenuation, slope failure risk assessment, sustainable development, responsible mining, ethics, or other excuses for acid mine drainage.
This truly radical idea is prompted by the following announcement that hit my in-e-mail box this morning:
A cursory examination of the War Eagle tailings dump resulted in an upward revaluation of the quantity of ore held in that particular dump and samples taken at random showed definite signs of gold mineralization. In the coming weeks, a sufficient quantity will be taken and sent to our lab, for complete assays to be conducted and results will be published on our website.
The road up to the summit is still somewhat covered with snow from the 6,500 level to the top but appears to be in good condition, with only some surface grading required to fill in the ruts caused by the running waters of the spring snow melt.
Mr. Quilliam, President of Silver Falcon Mining, said: ” Although this has been a record year for snowfall on the mountain, nature is rapidly melting the snowpack and we do not anticipate any abnormal delays in our plans to bring the ore from the mountain to the mill and the start up of production.”
Silver Falcon Mining, Inc. is an exploration and development Company specializing in high-grade Gold and Silver mining properties in North America. War Eagle Mountain has produced approximately 415,000 oz of Gold-equivalent to date, worth approximately $374 Million at today’s prices.
Silver Falcon Mining, Inc. cautions that the statements made in this press release constitute forward- looking statements, and not guarantees of future performance and actual results or developments may differ materially from the projections in the forward-looking statements. Forward-looking statements are based on the estimates and opinions of management at the time the statements are made.
For further information contact, Rich Kaiser, Investor Relations 800-631-1827 and/or the Company, 941-761-7819, http://www.silverfalconmining.com .
Thus we could have a good time at company expense in Vail and also go home to make money on our own account by using what we learn of investing in money-making tailings and waste rock dumps. Far better to leave your kids money made from mining than to leave them sermons on risk assessment of acid rock drainage.
Hi again Jack! It’s funny as this exact situation prompted my staking a century old claim in southwestern Ontario which looks like it might be the doorway to fun and excitment in producing magnetite for dense media and aggregate use to markets in both the US and Australia. And the best part of it is that the prices for dense media far outweigh the paltry prices the Pacific Rim is prepared to pay for iron ore and might help get the historic metal mining region of Marmora, Ontariio back on the map with its first metal mine opening since Bethlehem Steel undertook the Marmoraton magnetite operation back in the 50′s. And gold and copper are both there too, at least enough to make it worthwhile and in the end, we’ll take care of the nasty environmental blights of old abandoned works, the sulphide leaching mine dumps, and hpefully in the end, walk away with a couple of dollars in our pockets. I have my eye on a couple more old works and if this is a success, well, I will be happily looking for more garbage to care for within our mining industry!