Monday morning...
posted on
Aug 10, 2009 08:34AM
Evolving Gold is focused on exploring its significant discovery at Rattlesnake Hills, Wyoming, an alkalic gold system, similar to the Cripple Creek gold district in Colorado, and on gold properties adjacent to the Carlin district of Nevada.
Hope everyone had a great weekend! It's still early but the pre-market bid/ask on EVG.v is at 1.55 right now, so it looks like it will be heading up today. I just re-read the latest release and still like what I see. I had expected to see grades from Antelope Basin at 1gpt or thereabouts, so the higher grades were a pleasant surprise. The lengths of the intersections looked good too.
Really looking forward to seeing the results from Carlin but am trying not to get too whipped up about it as we won't know for sure until we know. Still, expanding the drill program to more holes and talking about bringing in a second rig are saying "We like what we see" in about as loud a voice as possible. Has anyone heard anything about Cottonwood Creek? Is there still a chance that they will drill there this season? Seeme like their hands should be full right now, but they seem to be moving at quite a clip.
Finally, to follow up on some earlier exchanges about mining in Wyoming, I just saw an item this morning about Uranium One picking up the Christensen Ranch from an Areva subsidiary. This is another project that will give some clues about the receptivity to new mining projects in that state. If uranium projects are advancing then that leads me to believe that gold projects will also be able to move towards production:
Overview of Irigaray and Christensen Ranch
Operations at Christensen Ranch commenced in 1989 and production continued until 2000. Including uranium recovered from restoration activities, a total of 4.7 million pounds U(3)O(8) was produced at Christensen Ranch and Irigaray.
All major permits and licenses are in place for the re-start of operations at Christensen Ranch and Irigaray. These include the NRC Source Material License, the WDEQ Permit to Mine, and permits for disposal well operations. The NRC license for the Irigaray central processing plant allows a maximum of 2.5 million pounds of dried U(3)O(8) production per year and an application for a 10 year renewal of the license was submitted in early 2008. Operations may be carried on while the NRC approval is pending.
Upon closing of the transaction Uranium One plans to develop and mine the resources at Christensen Ranch and Irigaray commencing with the continued development of well fields at Christensen Ranch. Once in operation, uranium laden resins from the Christensen Ranch satellite facility will be transported for final processing at the Irigaray central processing plant. The Irigaray central processing plant currently has the capacity to produce approximately 1.3 million pounds of dried U(3)O(8) per year. Uranium One intends to expand the processing capacity at Irigaray in line with the NRC license to approximately 2.5 million pounds U(3)O(8) per year by incorporating a vacuum dryer that was purchased for use at Moore Ranch. The excess capacity at Irigaray can be used to process resins from other satellite operations in the Powder River Basin, including Moore Ranch and other Uranium One properties.
http://finance.yahoo.com/news/Uranium-One-Enters-into-cnw-1758233313.html?x=0&.v=1