Singapore – Manly Logan, CEO of Scalada Holdings, Ltd., and its wholly owned subsidiary, Titan Holdings, Inc., returned at present from every week lengthy exploration dig of two totally different websites in Nevada, USA, to judge the processing of valuable metals, particularly gold and silver. The aim of the expedition was to find out which properties and digging at what depths will produce the very best potential yields. The 2 websites, positioned inside 50 miles of one another, are positioned within the Palomino Valley space of Nevada, close to town of Reno. Preliminary testing has included sampling at ten totally different depths from 2 toes (0.61 meters) to eight toes (2.44 meters). Samples have been delivered to the lab to be run to asses that are the very best concentrations to proceed engaged on.
Nevada is called a mining pleasant state, so Scalada’s efforts are anticipated to supply a excessive return. Nevada’s gold manufacturing makes the US the second main gold producing nation on this planet, and revealed Nevada gold reserves on the finish of 1999 complete about 143 million ounces. A few of these could show to be sub-economic and should by no means be mined, however reserves most likely are adequate to maintain the gold mining trade for not less than one other 15 to 25 years. On the finish of 1999, Nevada’s silver reserves totaled about 235 million ounces. Excessive valuable metals costs have given rise to the re-opening of historic mines, however there’s a scarcity of processing capability. In greenback worth, annual valuable metals output elevated over 200 occasions, from about $9 million in 1965 to over $2 billion every year from 1989 to 1992. After declining some between 1989 and 1992, valuable steel exploration remained comparatively fixed by means of to the tip of the last decade. Scalada Holdings is presently engaged on services that won’t solely produce the valuable metals however may also embody full ore sampling and assaying capability. The present explorations comply with Scalada Holdings’ choice earlier within the 12 months to safe claims on roughly fifty-eight (58) twenty (20) acre claims for Nobel Metals operations within the space following two years of prospecting and testing varied websites. Titan Holdings Inc. determined to safe the claims after excessive quantities of Micron Nobel Metals (AU, AG, PGMs) have been verified to be trapped within the clay materials related to the websites. A number of assays carried out by AuRIC Metallurgical Laboratories, positioned in Salt Lake Metropolis, Utah, to a depth of fourteen toes revealed a number of scorching spots with a median yield of two OPT (ounces per ton). The Assayer’s report highlighted a yield of 75% Au (gold) and 22% Ag (silver). Scalada Holdings’ CEO Manly Logan expressed his satisfaction with the brand new developments: “A week in the field has convinced me of the viability of these sites.”