Key Highlights

Location: Bates-Hunter Mine and Golden Gilpin Mill are in Central City and Blackhawk Colorado, in close proximity to Denver. They are on main roads with electric power and municipal water and sewer which ensure easy access to infrastructure, labor, and equipment, minimizing logistical constraints
Historical High-Grade Ore: Gold assays as high as 22.86 oz/t suggest high profitability from concentrated operations. Recent sampling returned values ranging from 0.92 to 11.7 oz/t gold and 1.32 to 28.2 oz/t silver. Historic reports by the United States Geological
Society and others have determined that the Bates Vein comprises several thousand feet of one of the highest grades and most productive veins in Colorado
Gold Potential: Significant high-grade gold potential multimillion ounce deposit, within just the Bates Hunter mine. Adjacent properties including Becker Bates and 17 additional claims and mines are all on the same vein systems as the Bates Hunter and are projected to contain substantial amounts of gold.
This area was dubbed by the National Geographic Magazine as “The Richest Square Mile on Earth.”
Permitted Operations: Current operations at the project are fully permitted, allowing for underground mining and mill operations, with all necessary environmental, state and municipal clearances
The Processing Mill: The Golden Gilpin Mill is a fully refurbished and permitted ore processing facility which is now ready to process material at a rate of 24 tons per day per 8 hour shift, which will scale up to 100 tons per day in Phase 2 of our development plan
Production Testing: Pilot production of gold bearing ore was successfully undertaken in 2024 Q1. These operations produced 30% free milling gold, and 70% flotation concentrate feedstock for export from stope fill gold bearing ore removed from the Bates Hunter
New Infrastructure: More than $24 million was spent on the rehabilitation and improvement of an EPA approved water treatment facility, a rehabbed mill, reopened mine, reenforced tunnel / shaft upgrades throughout the mine, workshop, 2-compartment 85-foot-tall steel head frame and a single-drum 5-foot hoist as well
Drilling Program: An extensive drilling program is planned while the company continues to define and expand its gold reserves