The Sixteen to One mine requires an unfamiliar operation,
which is recognized by its owners, miners, geologists,
engineers, and some public agencies. The Company celebrated
its 100th year anniversary on
Thirty miles of horizontal workings and millions of cubic feet of vertical excavations called stopes exist. Once an area is targeted, travel ways and escape routes are brought into safety compliance. Production miners set up a heading and begin a drill-blast-muck sequence into the quartz. Gold is hosted in the quartz vein. Metal detectors are regularly used underground as a tool for guiding the direction of the work and to classify the ore underground, thereby reducing costs.
Production is termed as "feast or famine". When operations detect the presence of gold, the Company evaluates the environment and changes from exploration to development into production.
FINANCIAL REPORT NOTES:
No value is recorded on the balance sheet for standing timber. No value is recorded on the balance sheet for water- rights. Reduced value is recorded on the balance sheet for buildings, equipment and land. No value is recorded on the balance sheet for goodwill.
For the three-month period ended
For the three-month period ended
For the three-month period ended
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