Scalada Holdings DIG Digging at two different sites at a range of levels yielded ore samples that will be taken back and run in labs for gold and silver content. |
Singapore - Manly Logan, CEO of Scalada Holdings, Ltd., and its wholly owned subsidiary, Titan Holdings, Inc., returned today from a week long exploration dig of two different sites in Nevada, USA, to evaluate the processing of precious metals, specifically gold and silver. The goal of the expedition was to determine which properties and digging at what depths will produce the highest possible yields.
The two sites, located within 50 miles of each other, are located in the Palomino Valley area of Nevada, near the city of Reno. Initial testing has included sampling at ten different depths from 2 feet (0.61 meters) to 8 feet (2.44 meters). Samples have been brought to the lab to be run to asses which are the best concentrations to continue working on.
Nevada is known as a mining friendly state, so Scalada’s efforts are expected to produce a high return. Nevada's gold production makes the United States the second leading gold producing nation in the world, and published Nevada gold reserves at the end of 1999 total about 143 million ounces. Some of these may prove to be sub-economic and may never be mined, but reserves probably are sufficient to sustain the gold mining industry for at least another 15 to 25 years. At the end of 1999, Nevada's silver reserves totaled about 235 million ounces.
High precious metals prices have given rise to the re-opening of historic mines, but there is a shortage of processing capacity. In dollar value, annual precious metals output increased over 200 times, from about $9 million in 1965 to over $2 billion each year from 1989 to 1992. After declining some between 1989 and 1992, precious metal exploration remained relatively constant through to the end of the decade. Scalada Holdings is currently working on facilities that will not only produce the precious metals but will also include full ore sampling and assaying capacity.
The current explorations follow Scalada Holdings’ decision earlier in the year to secure claims on approximately fifty-eight (58) twenty (20) acre claims for Nobel Metals operations in the area following two years of prospecting and testing various sites. Titan Holdings Inc. decided to secure the claims after high amounts of Micron Nobel Metals (AU, AG, PGMs) were verified to be trapped in the clay material associated with the sites. Multiple assays performed by AuRIC Metallurgical Laboratories, located in Salt Lake City, Utah, to a depth of fourteen feet revealed several hot spots with an average yield of 2 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 new developments: “A week in the field has convinced me of the viability of these sites.”
Scalada Holdings, Ltd. is in the business of bringing green solutions to the global marketplace that produce sustainable outcomes through its wholly owned subsidiary, Titan Holdings Inc., a Nevada based environmental company. Scalada Holdings provides integrated solutions over a wide range of technologies, services and extensive knowledge to allow global institutions to meet their environmental goals.
To learn more about Scalada Holdings Ltd. and its wholly-owned subsidiaries, visit www.scaladaholdings.net
For more information, Contact Jeremy Merritt, Vice President Scalada Holdings Ltd 77 Robinson Road Singapore 068896 Contact Phone: +65 6809 2235 Contact Email: email@example.com Website: www.scaladaholdings.net
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