a sustainable solution for gold extraction

The Golden Gilpin Mill, located in the Black Hawk Mining District, is set to become a fully operational processing facility capable of milling up to 100 tons per day commencing at 24 tons per day in the second quarter of 2025 and scaling up to its full potential by the end of the year. Initially, the mill began “Phase 1” pilot testing operations in October 2023, processing up to 24 tons per day per 8 hour shift, and produced gold for sale while the operators sharpened the plant’s recovery efficiencies to prepare for increased production volume planned in 2025. The company plans to produce 30% free milling gold and 70% flotation concentrate from the Bates Hunter Mine including continuation of veins into the Becker Bates mineralization. Based upon all historic and currently available data, the Company believes that these veins will have long term gold supply due to their proximity to deep shafts with proven recovery to 2,000+ feet.

To increase production, the company has allocated a $3.5 million budget for dewatering, extraction of high-grade gold ore and the installation of key equipment. These upgrades, expected to be completed by the end of Q3 2025, will enable the mill to operate 24/7.

To further enhance recovery efficacy, the mill can implement advanced pre-processing technologies such as improved crushing, screening, and finer grinding circuits. Adding gravity separation equipment, such as a Knelson or Falcon concentrator, can help improve free milling gold recovery, while upgraded flotation circuits and automation for real-time monitoring will optimize the overall process.

These advancements, combined with the increased milling capacity, will ensure the Golden Gilpin Mill operates efficiently and effectively, maximizing gold recovery and profitability. With these improvements in place, the turnkey processing mill will be ready to meet its production targets while providing a sustainable solution for gold extraction.