On June 25, 2004 Golden Eagle International,Inc. announced it had acquired the 3,500 to 4,500 tpd CIP Gold Bar mill Gold Bar mill and gold recovery plant located 27 miles northeast of Eureka, Nevada. Located near the geographic heart of the current gold rush in the Cortez Trend going on in north-central Nevada.
The Company’s 3,500 to 4,500 tpd CIP Gold Bar mill has become the focal point of a number of central Nevada gold exploration companies with identified reserves that want to jump into production to benefit from the current market exhilaration about gold.
The Gold Bar mill, contains two 1,000 hp ball mills and one 350 hp ball mill, and a full recovery plant, has a current capacity of 3,500 tpd of ore. The equipment also includes truck servicing garages, office buildings, gold bullion finishing facilities, warehouses, pumps, spare parts and other needed support equipment.
The Gold Bar mill is located in the center of the Cortez Trend, a series of gold deposits at the southern end of the Battle Mountain-Eureka Gold Belt (the second largest gold-producing area in Nevada estimated to contain or have produced 31.5 million troy ounces of gold). The Cortez Trend runs parallel to the Carlin Trend (the largest gold producer in Nevada and one of the top three gold fields in the world with production and estimated resources of 180 million ounces). If Nevada were a stand-alone country, it would rank fourth in gold production behind South Africa, Australia and China.
As part of an overall strategy to take advantage of the Gold Bar mill’s location, Golden Eagle has been focusing on a program to reactivate the mill for toll refining; enter into a joint venture with a junior exploration company in the area that has proven gold reserves; or, sell the mill and focus the proceeds on other potential opportunities.
Golden Eagle believes that with high gold prices and the incredible amount of activity in the Cortez Trend right now in north-central Nevada, place Golden Eagle in a very unique position to benefit from what many analysts are calling the ‘perfect storm’ in the gold market.”
We invite you to explore our website where you will gain valuable insights on Golden Eagle as an investment. We believe that we are posed to participate in a world-wide bull market for gold.