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Posted On: 05/19/2021 9:10:29 AM
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Discovery Minerals Update on Ruby Mine
https://finance.yahoo.com/finance/news/discov...00944.html
Russell Smith CEO of Discovery Minerals commented: " The potential for locating additional enrichment zones and ore resources in the greenstone belt has obliged us to reevaluate initial estimates, where we feel we could quite possibly identify 2 to 5 times the currently estimated ore resources. Highlights being looked at include:
- Four identified quartz veins at the Ruby Mine, where only the Wolf Vein has been explored to 350 feet with most work well above that. Other mines in the surrounding Mining Districts have produced to well over 10,000 feet depth.
- The 16 to One Mine in its early days produced $3.0 million of gold from quartz reef mining from the Tightner Vein, where mining started 40 years after the quartz was uncovered by drift mining operations.
- The Empire Mine, in the Grass Valley Mining area produced about 5.8 million ounces of gold. "
Discovery Minerals Update on Ruby Mine
https://finance.yahoo.com/finance/news/discov...00944.html
Russell Smith CEO of Discovery Minerals commented: " The potential for locating additional enrichment zones and ore resources in the greenstone belt has obliged us to reevaluate initial estimates, where we feel we could quite possibly identify 2 to 5 times the currently estimated ore resources. Highlights being looked at include:
- Four identified quartz veins at the Ruby Mine, where only the Wolf Vein has been explored to 350 feet with most work well above that. Other mines in the surrounding Mining Districts have produced to well over 10,000 feet depth.
- The 16 to One Mine in its early days produced $3.0 million of gold from quartz reef mining from the Tightner Vein, where mining started 40 years after the quartz was uncovered by drift mining operations.
- The Empire Mine, in the Grass Valley Mining area produced about 5.8 million ounces of gold. "
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