TAMG Transnational Group is to own a 50% intere
Post# of 13
Posted On: 07/11/2014 6:49:54 AM
TAMG
Transnational Group is to own a 50% interest in the joint venture in on the Montana claims. Lanix Exploration will execute and oversee the project's permitting and mining operations.
Lanix projects that titanium and iron ore tailings from the Anaconda claim, which is a former gold mine, could initially produce up to 1,000 tons of raw material per day. This projected amount would generate approximately $1 million in monthly operating income or $12 million in annual operating income. These tailings are present on the surface or at shallow depths, greatly reducing the Company's processing costs.
During the project's proposed second phase, Transnational Group plans to separate the titanium and iron ore tailings from the raw materials on the property. As a result, on the Anaconda claim, Lanix would expect to double production from 1,000 tons of raw material daily to 1,000 tons each of titanium and iron ore.
Transnational Group is to own a 50% interest in the joint venture in on the Montana claims. Lanix Exploration will execute and oversee the project's permitting and mining operations.
Lanix projects that titanium and iron ore tailings from the Anaconda claim, which is a former gold mine, could initially produce up to 1,000 tons of raw material per day. This projected amount would generate approximately $1 million in monthly operating income or $12 million in annual operating income. These tailings are present on the surface or at shallow depths, greatly reducing the Company's processing costs.
During the project's proposed second phase, Transnational Group plans to separate the titanium and iron ore tailings from the raw materials on the property. As a result, on the Anaconda claim, Lanix would expect to double production from 1,000 tons of raw material daily to 1,000 tons each of titanium and iron ore.
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