Lone Star Gold (LSTG) Tailings Project Could Generate $800,000 per Month
February 07 2012 - 7:30AM
Marketwired
Lone Star Gold, Inc. (OTCBB: LSTG) announced the development plan
for their Mexican Tailings Project in the City of Hidalgo Del
Parral in Chihuahua Mexico. Other companies operating near the
tailings project include, GoldCorp, Inc. (NYSE: GG), Silver
Standard Resources, Inc. (NASDAQ: SSRI) and Coeur d'Alene Mines
Corp. (NYSE: CDE).
Lone Star estimates that their initial shipments to the
processing plant near the city of Parral will generate $100,000 per
calendar month (PCM) with the revenue stepping up after 6 months as
their shipment weight increases. The Company estimates that the 1.2
million tons of tailings can be processed in 5 years.
As the price of gold continues to stay near its all time highs,
companies are starting to look at reclaiming tailings. Gold One and
Gold Fields in Australia are looking at the viability of
reprocessing historical surface tailings in an effort to reclaim
gold and other minerals.
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