In 2007, Ireland Inc. acquired the rights to acquire up to 100 percent of two mining properties, both of which are prospective for gold and other minerals. The Company has now completed the acquisition of 100 percent of the Columbus Project and maintains an option to acquire up to 100 percent of the Red Mountain Project.
- Located approximately halfway between Las Vegas and Reno, specifically over the Columbus Salt Marsh in Esmeralda County, Nevada.
- Mineralized area with significant historical production of silver in surrounding mountains.
- The Columbus Project consists of 48,858 acres (380 acres presently permitted for production, 80 acres of private land).
- Geologic modeling has outlined two mineralized sand zones with a total inferred geological resource of 174 million tons with an average grade of 0.034 opt gold and 0.179 opt silver.
- Installation of precious metals leach circuit to the onsite pilot plant has been completed. Upon completion of testing and optimizing circuit, Ireland expects to commence operations.
- Determine project reserves – expand and infill drilled area with drill and bulk sampling programs.
- Determine project prefeasibility and feasibility – optimize extraction process while operating on-site pilot plant and finalize mining and production process.
- Installation of pilot scale equipment onsite and additional bulk scale tests to confirm and optimize extraction of precious metals from sand.
- Determine costs for full production.
- Located at base of Red Mountain in historical Rand Mining District in San Bernardino County, California.
- More than $5 million has been invested by previous owners in sampling and metallurgical testing over 23-year period
- Potential for a gold, tungsten and silver resource.
- Project appeal relates to its size, economic potential and the lack of complexity in proposed development plan.