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Grace Gold Mine

Precious Metal: Au
Owner: Consolidated Empire Gold, Inc.
Location: Upper Union Mining District, Clear Creek, Colorado, United States

Information Available:
Geology: Yes Drilling: Yes
Geochemistry: Yes Reserves: Yes
Geophysics: Yes Other: Yes

Land Tenure:

Owned (100%)

Patented

800 acres

Surface Rights Secured: Yes
Agreement Type Sought: Joint Venture

Property Summary:
Subscribers to limited partnership needed for JV of advanced-stage, zoned and permitted, Colorado gold mining project. Subscribers to limited partnership CAN ELECT TO TAKE THEIR SHARE OF PROFITS ‘IN KIND’, I.E. GOLD. AND EITHER STORE THEIR GOLD WITH BONDED DEALERS OR CONVERT THEIR GOLD TO GOLD COINS.

Geology Summary:
Available upon request.

Geochemistry Summary:
Available upon request.

Geophysics Summary:
Available upon request.

Drilling Summary:
Available upon request.

Reserves Summary
Presently estimated gold resource 800,000+ oz.Au contained within 4 to 5 million tons of ore. ESTIMATED CASH COST $80 to $89.50 PER OUNCE OF GOLD PRODUCED.  Results of extensive drilling indicate high probability of several additional gold ore bodies.

Other:
Previous hydraulic mining production (1860-1865) estimated at 400,000+ oz.Au. Mining method — surface slot and terrace pit. Processing method —ENVIRONMENTALLY FRIENDLY, gravity (with plain water) in-series-with thiosulfate heap leach. Thiosulfate is a GRAS compound (Generally Regarded As a Safe human food ingredient. Initial 70,000 tpy (15,000 oz.Au/Yr.) mining/processing operation scheduled BEGINNING AUGUST 1999. POSITIVE CASH FLOW expected to be achieved OCTOBER 1999. Initial 70,000 tpy operation SCHEDULED TO BE CONVERTED TO A 350,000 tpy 45,000 to 50,000 oz.Au/yr. operation WITHIN 1 TO 2 YEARS. Estimated mine life of present reserves — 10 + years.

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DISCLAIMER: MineMarket.com, its affiliates, associates, or assigns are not responsible for the content, accuracy or marketability of any of the services or information contained in or linked to this website. Furthermore, MineMarket.com, its affiliates and its assigns make no representation or warranty of any kind or character with respect to the adequacy of any services or information contained in or linked to this website for any purpose and disclaim all liability of any kind arising from its use.