Portuguese Creek Partnership has completed the pilot stage of its environmentally friendly mine processing methods, proving its methods in Gooding, Idaho. As a result, the Partnership has developed a ready-for-production, domestic (US) supply of platinum group metals for a growing global demand driven by the clean energy and environmental technology industries. Its production of platinum and other metals will be derived from 50+ million tons of ore reserve that has been delineated on 10 claims in a larger holding of over two square miles of 70 mining claims the Partnership leases on US Bureau of Land Management (BLM) lands in Idaho.
Based on customized assaying methods of core hole composite samples and pilot testing the Hallide leach process on the Partnership ore, the discounted value of all metals (platinum, gold, rhodium, palladium) in this proven reserve on just 10 of the 70 claims is over 30 billion dollars. The Partnership claims also contain significant rare earth elements including cerium, lanthanum, niobium, rubidium and yttrium.
Portuguese Creek Partnership seeks financing to move into full production. (see scale of production pro-forma's).