Results from our existing exploration activities at the La Trinidad Mine require further drilling and development of hard rock mining operations. Drillings are being conducted at the north pit of the La Trinidad Mine to determine the area and scope of our mining operations. We also have plans to conduct further exploration and drilling activities to obtain a resource estimate at the property.
Plans are being implemented to develop both the La Trinidad Mine and the Gavilanes Project by investing in mining-related infrastructure. Waste water facilities and waste water management are being realized. We are redeveloping existing open pits at the La Trinidad Mine to provide earth-moving and related equipment to upgrade and improve our mining, extraction and processing facilities.
Our intention is to increase gold processing capacity from the current 350,000 tonnes to 600,000 tonnes of hard rock and/or tailings by every year. Additional and larger electro- winning and CIL tanks plus the increasing of smelting capacity for our processing facilities are in the pipeline. Developing our processing of hard rock activities are being organised by purchasing and installing ball mills and crusher equipment.
The Company is currently in the process of applying and negotiating for new concessions in the states. We may expand our business in the future through strategic alliances, joint-ventures and mergers and acquisitions as part of our long term growth strategy with interested and suitable parties to create synergistic values with our existing business operations.
Our mines are located in America and Mexico. The mines are also in close proximity to the Arizona, Sinaloa and Durango. Which are easily accessible to land, sea and air transportation with existing infrastructure and communications. The mines are also near potential local customers which enables the company to provide an efficient supply chain.
Currently, the company conducts processing of tailings for the sale of gold. Processing of tailings require lower capital expenditure compared to the processing of hard rock mining.
Our business model reduces exploration risks. We engage third party contractors for mining services which includes exploration and other technical requirements. This allows the company to get expertise from other sources while keeping our operating costs low.
The management team is headed and led by our Managing Director, Mr. Donald Salyers who has extensive knowledge of, and experience in, the mining industry. Our Board of Directors are also supported with a highly skilled and dedicated team of executive officers with more than 10 years of relevant experience in each of their respective fields.
|Issued and outstanding||284,501,673|