Aug 18, 2016
Coronet Metals' President Theo van der Linde is excited about the company's prospects. It's a unique situation. The White Caps Gold Project in Northern Nye County, Nevada, just 13 miles from Kinross' multi-million ounce Round Mountain Gold Mine. The Company is in the process of recovering substantial deposits from tailings and dumps left by a mining dredge on the property that ceased operations during World War II. It's a low risk move since permitting issues are minor and returns could be substantial due to initial metallurgy, which indicates good ore grades. The Company will use the cashflow from this project to finance exploration of other under-explored areas of the site. Due to its proximity to other major mines, this may unlock some major returns.