West Port Gold

West Port Gold

 
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West Port Gold

Location

Location
Quartzsite, Arizona

Resources

Resources
1.1 million tons of minable ore to 30 vertical feet as calculated in the 43-101 technical report

Precious Metals

Precious metals
Gold

Land

Land
35 un-patented mining claims, 690 total acres, NI 43-101 on first 70 acres, all channels from source included in claim block. (See link to see the NI 43-101)

Asking Price

Asking price
$15,000,000

Status

Status
pending final approval and issuance of a mining permit from the Bureau of Land Management

35 un-patented mining claims, 690 total acres, NI 43-101 on first 70 acres, all channels from source included in claim block. Sampling has calculated grade between 4.55 to 9 grams per ton on an uncut grade. Bulk samples have returned 5.7 and 6.39 grams per ton from samples up to 1.65 tons. Permit contains a minimum of 1.1 million tons of minable ore to 30 vertical feet as calculated in the 43-101 technical report

 

PROPERTY INFORMATION

• 35 un-patented mining claims, 690 total acres, NI 43-101 on first 70 acres, all channels from source included in claim block. (See link to see the NI 43-101)

• US Department of the Interior’s Bureau of Land Management has approved WPE’s Mine Plan of Operations for first 1,000,000 tons and two water wells.

• Existing leased private property off-site commercial processing facility in nearby Ehrenberg, AZ with office, perimeter fencing, 85’ x 150’ semi-enclosed building, and a 100-gpm well. (See link to view the property)

• 75-tph scrubber trommel with attached scalping screen and dual centrifuge system for fine-gold recovery. (See link to view the equipment)

• Resources for equipment, services; and personnel located within 25 minutes at Blythe, California.

• 100% ownership available, 0% Net Smelter Royalty, and less than 2 year Return On Investment

TONNAGE AND DEPTH

The permit contains a minimum of 1.1 million tons of minable ore to 30 vertical feet as calculated in the 43-101 technical report, and are located in the Middlecamp Mining District in La Paz County, near Quartzite Arizona.

WPG CLAIM ACREAGE

The gold claims cover a total of 700 contiguous acres and with easy access between Phoenix and Palm Springs, CA along Interstate 10.

PRODUCTION CAPACITY, TIMELINE & FUNDING

The West Port Gold Mine is approaching the start of commercial production, pending final approval and issuance of a mining permit from the Bureau of Land Management. Initial production rates will be 800 tons per day of a minimum of 3.5 gram per ton gold. The company anticipates doubling capacity to 1500 tons per day by the end of 2017. West Port Gold requires funding in the amount of $5 Million to bring the claims into production capacity for 2017 of 800 tons per day.

SCOPE OF BLM PERMIT

West Port Gold will be processing gold on lands governed by the BLM, where our wash plant, trommel and milling operations will reside and operate. West Port will be processing the gold concentrate on private land allowing top-level security.

WEST PORT GOLD PROJECT GRADE

Our calculated head grade and assumptions of 3.5 grams per ton is very conservative. Sampling has calculated grade between 4.55 to 9 grams per ton on an uncut grade. Bulk samples have returned 5.7 and 6.39 grams per ton from samples up to 1.65 tons. By scalping and screening ore, West Port can expect double the grade to 7 grams per ton, which sits midway in the sample range from the exploration and development samples, and close to the bulk sample grade.

GRADE, SAMPLING RESULTS PROTOCOL, METALLURGY AND ANALYSIS

By comparison, our 1,000 lb. sample graded 5.7 grams per ton compared to this sample which processed three times the ore volume graded 6.39 grams per ton. Bulk samples ran within the predicted 5 to 9 gram per ton parameter range, as established during our Phase 1 program and outlined in the technical report that can be viewed on our website. The gold as observed occurs in the form of fine powder gold, flakes and needles of gold as well as nuggets up to 2 grams in weight. The gold has now been observed to be easily recoverable through simple gravity separation at the wash plant and when full operations commence we predict a very high recovery rate. Also noteworthy is the consistency of the assays throughout all the material, which will be very important and simplify grade control when we ultimately commence commercial production.

PRODUCTION & FINANCIAL PROJECTIONS

Our anticipated gold production for 2017 is forecasted at 23,148 toz with an EBITDA of $24.47 million. On the first permit pending lands the WPG mine has a calculated mineable ore resource of 1.1 insitu tons as per the 43-101 technical report. The company’s extensive testing further indicates a minimum of 207,000 toz contained in the insitu 2,500,000 tons as a part of the permit permit pending land mass. The current resource within the initial WPG lands supports a mining operations of 10 years with throughput of 800 tons per day (800 tons per day, 250,000 tons per year X 10 years = 2,500,000 ton mineable resource). Near future expansion of the resource over the entire 700 acre claim block indicates a minimum of 10 million tons, based on tons per acre foot, which if mined at an extraction rate of 1,500 TPD would allow for a 20+ year mine life.

GRADE, SAMPLING RESULTS PROTOCOL, METALLURGY AND ANALYSIS

By comparison, our 1,000 lb. sample graded 5.7 grams per ton compared to this sample which processed three times the ore volume graded 6.39 grams per ton. Bulk samples ran within the predicted 5 to 9 gram per ton parameter range, as established during our Phase 1 program and outlined in the technical report that can be viewed on our website. The gold as observed occurs in the form of fine powder gold, flakes and needles of gold as well as nuggets up to 2 grams in weight. The gold has now been observed to be easily recoverable through simple gravity separation at the wash plant and when full operations commence we predict a very high recovery rate. Also noteworthy is the consistency of the assays throughout all the material, which will be very important and simplify grade control when we ultimately commence commercial production.

PRODUCTION & FINANCIAL PROJECTIONS

Our anticipated gold production for 2017 is forecasted at 23,148 toz with an EBITDA of $24.47 million. On the first permit pending lands the WPG mine has a calculated mineable ore resource of 1.1 insitu tons as per the 43-101 technical report. The company’s extensive testing further indicates a minimum of 207,000 toz contained in the insitu 2,500,000 tons as a part of the permit permit pending land mass. The current resource within the initial WPG lands supports a mining operations of 10 years with throughput of 800 tons per day (800 tons per day, 250,000 tons per year X 10 years =  2,500,000 ton mineable resource). Near future expansion of the resource over the entire 700 acre claim block indicates a minimum of 10 million tons, based on tons per acre foot, which if mined at an extraction rate of 1,500 TPD would allow for a 20+ year mine life.

 

GEOLOGICAL REPORTS AND INFO

Click here to access important information and reports on the West Port Gold Mine

INFORMATION

 

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Contact info

Century 21 Bright Horizons
877-646-3468
1(800) 421-2154
West Covina, CA
info@minesinvest.com

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