Posted On: 08/30/2013 12:56:49 PM
Post# of 8059
From Navials website
During the past 10 years, our group of companies has been dedicated to the provision of large marine vessels and heavy
construction cranes to land and marine infrastructure projects [my emphasis,theres a separate web pic w same info]
along with owning a rock quarry here in Ensenada, Baja California, Mexico. Ensenada is 65 Miles South of San Diego, California.
In June 2008, Navial became aware of extensive deposits of High Grade Magnetite and Hematite within a 150 km radius of Ensenada,
which had never been exploited due to inadequate market values. Given the recent increase in Iron Ore prices, these deposits have
become very valuable. There are also substantial deposits of Gold , Copper, Molybdenum and Ilmenite. Many of the dozens of
old Gold and Copper mines within the area were tunneled through nearly solid Magnetite. Therefore, a considerable amount of Gold and Copper will be
encountered as a byproduct of mining the Iron.
During the past 10 years, our group of companies has been dedicated to the provision of large marine vessels and heavy
construction cranes to land and marine infrastructure projects [my emphasis,theres a separate web pic w same info]
along with owning a rock quarry here in Ensenada, Baja California, Mexico. Ensenada is 65 Miles South of San Diego, California.
In June 2008, Navial became aware of extensive deposits of High Grade Magnetite and Hematite within a 150 km radius of Ensenada,
which had never been exploited due to inadequate market values. Given the recent increase in Iron Ore prices, these deposits have
become very valuable. There are also substantial deposits of Gold , Copper, Molybdenum and Ilmenite. Many of the dozens of
old Gold and Copper mines within the area were tunneled through nearly solid Magnetite. Therefore, a considerable amount of Gold and Copper will be
encountered as a byproduct of mining the Iron.
(0)
(0)
