The Tenmile Mining District Project
The Tenmile Mining District Project is a comprehensive plan for the continued development of the known reserves of precious minerals in a 4 square mile region of the Tenmile Mining District in north central Idaho.
We have a suspected and inferred reserve of gold in excess of 400,000 ounces. With about 10% of the known mineral structures tested and verified we see inferred numbers based on tested results in excess of 50,000 ounces within the 10% of tested ore bodies.
Additionally we have tested and inferred volumes of strategic rare earth minerals in the tens to hundreds of thousands of ounces as well. These minerals are critical to US economic stability and industrial production. Domestic supplies of Rare Earth elements and Strategic Minerals are vital to our national defense.
Our goal is to reduce American dependence on foreign sources for these minerals.
Our Company owns the mineral rights and has claim to several proven Gold deposits along with some very promising PGM and Rare Earth Element deposits in the western United States.
Our base operation is located in central Idaho on a 78 acre patented mine where we have an ore processing mill and an operating gold mine. We have contracts for exploration and development of several other mineral sites located on strategic mineral deposits in the western United States that hold good potential for the development of minerals critical for use in U.S. Industry.
Mineral exploration has been underway at several of our mineral deposits for the last 4 years. Three of our primary PGM and Rare Earth targets have been delineated out to show large enough volumes of ore, at high enough mineral grades, to warrant the development of a full scale processing facility and to create a mining plan to develop these resources. At scheduled production rates our mines could produce a 100+ tons or more of high-grade ore per day. Although our scheduled production rate will be closer to 20 tons per day initially.
Our contracted Pilot Mill program with Nano-Tech Laboratories LLC, in central Idaho, has been successful in designing a milling and refining process that is 100% “Green”. That is, it has 0 toxic emissions from waste products or from the refining process. This is the first operating plant processing PGMs (platinum Group Metals) and REE (Rare Earth Elements) in the United States that we know of that is capable of creating a finished product of 99.9% purity with no toxic waste emissions.
Up-scaling this mill design to a full production size operation is scheduled to begin in the summer of 2023 with a projected completion date in early 2024 with a goal of being 100% on line and producing at full capacity by June 1, 2024.
This facility will be able to process up to 25 tons of concentrates per day and will be focused on refining Rhodium, Palladium, Gold, Platinum, Silver and strategic Rare Earth minerals.
The bulk of our concentrates of Rare Earth Elements will be shipped to another refining facility for final processing for use in American industries pending the completion of our processing facility in 2024.