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The Company holds a 100% interest in seven patented and twenty unpatented mineral claims with land covering over 600 acres near Silver Star, Montana. The Company has recovered gold and copper ore since 2008 while undertaking exploration and underground development work. These recovery proceeds have funded underground development to a vertical depth of over 400 ft while limiting share dilution.
Current Development – Madison
- July 2010 drill hole hits 70 feet .779 oz/t gold
- gold ore from 2009 drilling accessed
- mining draw points established
- batch tests to define optimum recovery underway
- gold/copper recovery proceeds six months $1,057,896
- mining development costs six months $725,212
Year to February 28, 2010 – Madison
- fall 2009 – underground drill program to test downward expansion gold zone
- total gold/copper recovery proceeds year $1,308,130
- total exploration drilling/underground costs year $1,025,415
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