Gold mining in Nevada is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces (173.6 tons), representing 78% of US gold and 5.0% of the world's production. Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values. Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.
The Nevada mining industry supported an average 14,787 direct employees in 2018, with about 75,000 additional jobs related to providing goods and services needed by the mining industry. The average pay for mining industry employees during this time was $97,600 per year, the third highest average private employment sector in the state.
Major mining companies such as Newmont Goldcorp and Barrick Gold Corporation operate many of the state's gold mines. Active mines include those at Jerritt Canyon and the Carlin Trend.
Although Nevada was known much more for silver in the 19th century, many of the early silver mining districts also produced considerable quantities of gold. The Comstock Lode produced 8,600,000 troy ounces (270 t) of gold through 1959, and the Eureka district produced 1,200,000 troy ounces (37 t). The Robinson copper mine has produced well over 2,700,000 troy ounces (84 t) gold, along with over 4 billion pounds (1,500,000 tons) of copper.
Problem: Gold discovered and validated in western Nevada. Property to be leased to Marietta Hill Gold Corp. Mine to be permitted and developed to extract and process 20,000 to 30,000 ounces of gold during the next 3-5 years. Initial $100,000 to complete due diligence, execute land lease agreement, and finance costs to raise capital for the mining operations.
Solution: Cedar Strat has hired a team of consultants in geology, business finance, mining, drilling, equipment, permitting and gold market. Tests and assays have verified the discovery. Steps have been taken to engage the lease acquisition, begin permitting, a financial package is being developed to raise $5 Million in a combination of equity and debt financing.
Opportunity: Investors that capitalize the first $100,000 shall have the option of either owning an equity position in the to-be-created entity or may receive gold, post first round extraction, at a price of $500 per ounce. At current prices (Which are increasing weekly), 25,000 ounces will be valued at $45 Million. Including all recurring and non-recurring costs, the project can profit 35-40%.
Timing: An initial $2.5 Million of the capitalization will initiate the mining and water permitting that will take 18 to 24 months and complete the lease acquisition and core drilling. Once the permitting is complete then the entire team, equipment, and mining operation can be put in place with the remaining $2.5 capitalization. One to two thousand ounces may be extracted by gravity separation as early as Q4 2022 to repay initial investors. The remaining gold will be extracted from the crushed ore by cyanide heap leaching which could take several years
Lack of publicly available geological survey: Nevada is probably the only state in the Union that has never authorized a geological survey of its mineral resources and student summer field camp mapping comprises most of the geological mapping of western Utah. That is the reason why major oil companies in 1984 gave the financial incentive to Dr. Chamberlain to resign from working for Bunker Hunt at Placid Oil and continue the Great Basin geological survey Shell Oil Company started by investing $220 Million 1950’s through the 1960’s to create the first stratigraphic framework of the Great Basin of western Utah and Nevada. As a result, Cedar Strat controls the only Great Basin geological survey that reveals the natural resource treasures of the region including oil, gas, and minerals.
Exclusive 30-day Option: Cedar Strat will give the investor who buys the 50% interest in Marietta Hill LLC a 30-day excusive option to also purchase interest in its prized Diamond LLC with a potential of producing 40 billion barrels of oil, 15 million ounces of gold, 150 million pounds of vanadium, and thousands of ounces of platinum and rare earth elements for a total investment of $685M, which should return at least $5 Trillion Dollars to investors. This is estimated from analysis of 5000 mineral samples and core reports from top Testing Labs, the only digital stratigraphic Great Basin stratigraphic database with surface gamma ray logs, geological mapping with precisely located attitudes, proprietary gravity surveys and other data that comprise the Great Basin geological survey.
Due Diligence Completed: Cedar Strat has hired a team of consultants in geology, business finance, mining, drilling, equipment, permitting and knowledge of the gold market. Tests and assays have verified the discovery. Steps have been undertaken to effectuate the lease acquisition and the permitting process. To date the company has investigated the land use, permitting requirements, and bond requirements with the associated preliminary, budget as well as validation of the discovery including, but not limited to:
- Assays to determine mining feasibility (Completed)
- Geological mapping (Completed)
- Head screen analysis (Completed)
- Determined ore to be ground to get it to -10 or -20 mesh (Completed)
- E-GRG test to determine optimum grinding size (To be completed)
- Bottle roll cyanide leach test to determine recovery (To be completed)
- Drill 14 shallow (less than 50’) exploratory bore holes to test the continuity of gold concentration and thickness of the ore body (To be completed)
Gold Option: Once the mine begins to produce gold the investor can either choose to take his share of the gold and relinquish his share in the company or retain his share in the company and take 50% of the gold produced when the mining is complete. The Investor understands that by electing to take the gold in lieu of retaining interest in the LLC it gains the potential of receiving the 15,750 ounces of gold even if less than 35,000 ounces are produced. However, if it elects to retain 50% interest in the LLC and if more than 35,000 ounces of gold are ultimately produced it gains the potential of receiving more than 15,750 ounces of gold.
Timing: SKR Engineering suggests that it will take about 18 to 30 months to acquire mining and water. Sunroc Construction believes that they can strip off the overburden, mine and crush the ore and stack it onto heap leach pads within six months after the mining permits are secured
- Alan K. Chamberlain, Chief Executive
- Steve Chaffin, Heavy Equipment Manager
- Edgar Perez, Land Acquisition
- Larry McMaster, Geologist
- Kent Hartley, Mining Engineer
- Jim J. Davis, Metallurgist
- Jeff Eitzmann, Falcon Drilling Inc.
- Brandt Bower, Founding Member
Gold Mine– West of Tonopah – East of Mono Lake, Nevada (Known as Marietta Hill)
Gold Assay Due Diligence
Twelve gold assays taken in 2007 have an average of 0.72 ounces of gold per ton. However, recent tests by McClelland Laboratories, Inc. confirm the richness of the gold ore. The tables below from McClelland Laboratories, Inc. provide the Head Screen Analysis Results.
These tables illustrate the amount of recoverable free gold above the +35 mesh screen size. On the right of the table the +35 mesh has gold 41.3% recoverable by crushing the ore to ¼ inch. The remaining 58.7% of the gold is in the –35 mesh of the crushed. The importance of this study is the cost of crushing to liberate the gold in the –35 mesh material. The remaining 58.7% of the gold would have to be leached. A factor in this decision is that leaching works best on smaller particles of gold at a faster recovery rate.
Because the ore has to be leached anyway, unless Kent Hartley, our mining engineer tells us otherwise, it is probably cost effective to leach all the ore and skip the expensive process of crushing the ore fine enough to separate less that 50% of the gold by gravity separation.
McClelland Laboratories was able to photograph the gold that it recovered from the samples:
Volume of Gold Ore Analyses
12 Gold Assays Results
Volume of Overburden Analyses
The following geological maps and cross sections are used to determine the volume of overburden.
Figure 1 Geological map of Marietta Hill showing the relation of gold-bearing quartz exhalite (red) in relationship to the overlying Jurassic Dunlop Formation (orange), and underlying Triassic andesites and the twelve gold assays (yellow dots with numbers) in parts per million (PPM), and proposed exploratory wells (red dots). The western end of the red rectangle is the western end of the Marietta mining claim.
Figure 2 is the same as Figure 1 except the gold assays are in ounces per ton. The average of the twelve gold assays is 0.72 ounces per ton in comparison with 0.003 ounces per ton as the cut off grade in active gold mines in Nevada.
Figure 3 Geological map of Marietta Hill showing the location of cross sections A-E shown in figures 4 through 5.
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Marietta Hill Corporation
8400 W Sunset Road, 3rd Fl, Ste 300
Las Vegas, NV 89121