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REVENUE VIRGINIUS
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Key Facts
Location:
Colorado, USA
13 km SW of OURAY Commodities: Gold, Lead, Silver
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Comparable Properties
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Latest Information December 31, 1998 An internal feasibility study was underway. Based on work to date, it was felt that the property could be reopened at a production rate of approximately 2.5 - 3 million ounces/year following a $12 - 15 million capital investment. Net cash costs of production were estimated to be approximately $4/ounce. A driling program to identify additional reserves was pending. December 31, 1998 An internal feasibility study was underway. Based on work to date, it was felt that the property could be reopened at a production rate of approximately 2.5 - 3 million ounces/year following a $12 - 15 million capital investment. Net cash costs of production were estimated to be approximately $4/ounce. A driling program to identify additional reserves was pending. November 30, 1994 Included surface mapping and seven surface drill holes. A mill fire in 1912 resulted in the closure of the operation. Most production records on the property are missing; however, records which remain indicate production between 1895 and 1906 totalling 14.5 million ounces of silver, 123 thousand ounces of gold and 63 million pounds of lead from one series of veins. |
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