A lot of activity on ihub re this Key Capital A
Post# of 4018
Posted On: 09/07/2014 10:19:25 PM
A lot of activity on ihub re this
Key Capital Advises Progress and Initial Mine & Energy Projects
SCOTTSDALE, AZ--(Marketwired - Aug 25, 2014) - Key Capital Corporation ("Key Capital" or the "Company"
(PINKSHEETS: KCPC) is pleased to advise that the Company has entered into funding agreements for the following projects, after completing initial due diligence and site visits:
1. The Doves Nest, Colorado Gold Project has secured gold mining tenements in the Idaho Springs, Century City historic gold mining district. The tenements include numerous ore dumps together with underground rights. All Mining permits are granted. The current pilot plant, which has been bulk testing legacy ore dumps, is proposed to be replaced with a 400tpd plant to commence its permitted commercial production. The Project requires funding of US$6 million, and the Company will hold a 35% interest in the Project.
2. The Chloride Copper Mine in Arizona ceased operation in 1993 when copper prices were below US$1.00/lb. To recommence production operations at the mine, the Project only requires US$13 million to refurbish existing infrastructure and plant. The existing core infrastructure value is conservatively estimated at US$10 million to US$15 million. Following funding, the Company will initially hold a 40% interest in the Project, reducing to 35% following full loan repayment.
Key Capital Advises Progress and Initial Mine & Energy Projects
SCOTTSDALE, AZ--(Marketwired - Aug 25, 2014) - Key Capital Corporation ("Key Capital" or the "Company"
(PINKSHEETS: KCPC) is pleased to advise that the Company has entered into funding agreements for the following projects, after completing initial due diligence and site visits: 1. The Doves Nest, Colorado Gold Project has secured gold mining tenements in the Idaho Springs, Century City historic gold mining district. The tenements include numerous ore dumps together with underground rights. All Mining permits are granted. The current pilot plant, which has been bulk testing legacy ore dumps, is proposed to be replaced with a 400tpd plant to commence its permitted commercial production. The Project requires funding of US$6 million, and the Company will hold a 35% interest in the Project.
2. The Chloride Copper Mine in Arizona ceased operation in 1993 when copper prices were below US$1.00/lb. To recommence production operations at the mine, the Project only requires US$13 million to refurbish existing infrastructure and plant. The existing core infrastructure value is conservatively estimated at US$10 million to US$15 million. Following funding, the Company will initially hold a 40% interest in the Project, reducing to 35% following full loan repayment.
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