Cripple Creek Gold Mine Exceeding Expectations
September 2013 by Associated PressAt the peak of construction later this year, the mine will generate more than 6,000 direct and indirect jobs across the state with annual wages totaling more than $200 million...
Every year the Northwest Mining Association holds an industry trade show. Many vendors are on hand, and there are many presentations given. With thousands of folks in attendance it’s not hard to get a pulse on what is happening in the mining industry.
Many of the Sixteen to One’s challenges arise from its unusual geology and the pocket characteristics of the ore deposits.
The lake is at the southern tip of the San Andreas Fault, which has shifting tectonic plates that bring molten material closer to Earth’s surface. The only other part of the US known to have more geothermal brine available is on the fault’s other end in Northern California.
“The ability to have 20 tons produced here in America helps our country mitigate those supply concerns.”
The proposed mine would be built on state-owned land in the Bristol Bay region, near the world’s largest wild sockeye salmon fishery.
According to some experts, after the peak is reached, the production rate will slowly decline until it reaches near zero while the price shoots upward. At that point, we will have pretty much mined all the economic ore deposits that are present on the planet.
Cue’s recent development of the Yuty Project has coincided with growing strength in the general uranium market. The price for fuel-grade uranium has risen to above $70 per pound for the first time in several years...
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