Cibolan Gold is an aggressive junior mining exploration and
development company actively pursuing the reopening of its Independence gold
and silver mining project in the Battle Mountain Mining District of Nevada. The
company’s project, which is located adjacent to the multi-billion dollar
Phoenix gold mine of the Newmont Mining Corporation (NEM), contains
approximately one million ounces of gold and four million ounces of silver in
the measured, indicated and inferred categories, providing Cibolan with a
significant opportunity to realize strong returns moving forward.
In April, Cibolan released the results of a preliminary
review of the production potential of its Independence project. According to
the study, the project has the potential to provide four to five million tons
containing more than 200,000 ounces of gold in a financially-viable manner. In
particular, the evaluation highlighted three high-grade target areas that could
allow the company to expand upon the availability of gold in the near surface
mineralized material. As a result, Cibolan plans to focus on the rapid
expansion of these new zones in the coming months.
“This is great news for shareholders as we now have a more
clear understanding of how the mineralization is controlled by the various
faults existing on the property,” Daniel J. Forbush, president and chief
executive officer of Cibolan, stated in a news release. “I feel that this
development makes Cibolan a ‘must watch’ company for gold focused investors.”
The Independence mine has been in production intermittently
since 1938. Historically, the plot has produced approximately 11,000 ounces of
gold, as well as about 750,000 ounces of silver. With its technical review of
the project now complete, Cibolan moves one step closer to building upon these
production statistics. In April, the company announced an agreement with
Envirotech Drilling LLC to begin drilling operations in the project’s most
promising sites.
For prospective investors, Cibolan’s recent progress toward
production makes it an interesting opportunity in the months to come. Look for
the company to continue to make strides toward achieving sustainable returns
from its Independence project moving forward.
For more information, visit www.nevada-goldmine.com
About QualityStocks
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.
Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net
The Quality Stocks Daily Blog http://blog.qualitystocks.net
The Quality Stocks Daily Videos http://videocharts.qualitystocks.net
The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net
Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net
No comments:
Post a Comment