Gold has regained its luster in the market and we believe that the next precious metal super-cycle is just commencing. The timing could not be better to position ourselves as efficient and cost effective gold miners. We’ve put together a world-class team who have done it several times before and we plan to replicate that success. Our expert team has acquired two exciting high-grade gold projects and plans to quickly advance both of these assets into low-cost, profitable mining operations.
The company has an un-common goal (and they’ve done it before):
The Winston District Gold Project is situated 18 miles (30 kilometres) southeast of the capital of Helena, and approximately 2 miles (3.2 kilometres) southwest of the small community of Winston. There is year-round access by paved highway, a major powerline intersecting the property and a railroad siding within two kilometres.
The Winston Mining District is located 37 kilometers southeast of Helena, Montana. There is year-round access by paved highway. Electrical power and a railroad siding are located close to the district, which is two kilometers north of the highway.
The Winston property deposits are classified as steeply dipping syn-tectonic fissure quartz-sulfide vein systems that have the potential to extend to considerable depths.
Very little mining was performed below the 400 foot level (4,180 feet elevation) of the Custer Vein and Management believes the vein may extend for at least another 500 feet (150 metres) below this level, giving the potential for new resources measuring 2,400 feet laterally, 500 feet vertically and averaging up to 4 feet in width.
The historic development of the #1 and #2 Winze down to the 300 ft level (on the western end of the vein system) indicates the presence of high-grade Mineralization. Historically miners would only develop secondary shafts (known as Winzes) to quickly access high grade or from above. This was faster and cheaper than developing a long drift from the primary shaft. There is no reason why this high-grade zone under the #1 and#2 Winze does not continue.
Six holes of the 2014 program cut significant intercepts in veins on the western side of the Edna intrusive. This identified eight new vein targets that were never before mined. This vein trend is 500 feet long and remains open to the east, west and at depth.
Montana’s Small Miners permit will allow the company to access test and mine these vein systems quickly.
It is management’s intention to confirm and extend mineralization at the Custer and Edna mines and commence test mining at a rate of 150 tons per day ramping up to 230 tpd if warranted.
The structure of the Custer and Edna vein systems and competent nature of the surrounding wall rocks should allow the Company to utilize the very cost effective Shrinkage Stoping mining method for its operations.
The Gold Ridge Property is located in north central Cochise County in southeastern Arizona in the southern foothills of the Dos Cabezas Mountains, approximately 16-miles east-southeast of Willcox, Arizona.
Willcox is approximately eighty-five miles east of Tucson, Arizona and lies along U.S. Interstate Highway 10. Modern services and accommodations are available in Willcox and it is served by the Southern Pacific Railway.
The property lies on a County maintained gravel road about two and a half miles northeast of the settlement of Dos Cabezas.
Gold Mineralization on the Gold Ridge Property is described as “Mesothermal” which indicates that the vein system at the Gold Prince Mine may continue to considerable depth. This is a common characteristic of mesothermal vein systems worldwide.
The Gold Prince mine was only mined down 5 levels and development was just commencing on the 6th level when production stopped in 1996.
From 1986 until the mine closed in 1996 the mine was producing silica flux material (from the quartz vein) for the Hidalgo Copper Smelter, operated by Phelps Dodge. The gold was recovered as a byproduct in the smelting process.
Production at Gold Prince ceased when the copper smelter was shut down, not because the mine was out of ore.
Recovering precious metals from narrow, high-grade vein systems is Management’s specialty.
Since the Gold Prince mine has an extensive historic drill database (486 underground and surface drill holes totaling 27,774 ft), the company has access to an excellent opportunity to quickly and cost effectively identify additional minable mineralization.
Both the hanging and footwall sections of the vein system are stable and the mineralization is well suited for shrinkage stoping mining methods requiring minimal startup and sustaining capital expenditures.
It is management’s intention to confirm and extend mineralization at the Gold Prince mine and then acquire the necessary permits to commence test mining at an initial rate of 150 tons per day.
Director of Operations
Mike has over 5 decades of experience in putting mines into production. From 1982 - 1985 Mike worked as the mine manager for the Renabi Gold Mine, rehabbing a 3400 ft deep mine and bringing the mine back into production at 650 tpd. This mine was later sold to Barrick and was Barrick’s first operating gold mine. From 1995 - 1996 Mike worked at the Kennecott Copper mine in underground development. In 2000 Mike was mine manager for Placer Dome’s Mussel White Mine in Northern Ontario where he oversaw a 14 month project involving the installation of a 4000 tpd crusher and one mile of conveyor way from underground to the mill. In 2006 Mike was instrumental in the successful re-opening of the historic Drumlummon Gold Mine in Montana, overseeing all aspects of operations from exploration to mine development and planning. This mine restarted production in 2010 on time and on budget.
CEO and Director
Murray served in the capacity of President/CEO of RX Exploration. Murray’s communication skills and business acumen were an asset in the formation of key relationships within the financial community which enhanced the advancement of RX Exploration within North America and Europe. Murray along with Mike Gunsinger were responsible for acquiring, permitting and hiring key personnel to explore and develop the Drumlummon Mine. Murray was also instrumental in raising over $35 million for RX Exploration. All of which went towards advancing the Drumlummon mine. With Murray at the helm, the company’s market capitalization increased from $1.5 million to about $80 million as the historic mine was brought into pilot production, on time and on budget.
President, CFO and Director
Max has a proven track record, having served RX Exploration, an $80 million dollar market cap company as both CFO and Director. Max is largely credited in bringing the historic Drumlummon Mine back in to profitable production following its nearly 100 year departure from use. His operational experience has been an integral component to the formation of both RX Exploration and Winston Gold. Max has a Bachelor of Commerce (Honours) degree from the University of Manitoba majoring in Finance.
(M.Sc. University of Arizona). Ben is a consultant geologist who has worked in mineral exploration for 30 years. He discovered the Northern Belle deposit in Nevada, the Stone Cabin deposit in Idaho, and the Terra deposit in Alaska, while working for Nerco Minerals and Kennecott Exploration. He previously worked with the management team at the Drumlummon Mine where he played a critical role in the development of the mine.
Al has over 30 years of experience in both the finance and mining industries. From 1984 to 1990, Al headed the retail trading department of Yorkton Securities, followed by six years with Yorkton’s Natural Resources Group. After working for 10 years as an investment advisor with Canaccord Capital, specializing in the natural resource sector, Al left to become lead director of Roxgold Inc.
Winston Gold is a junior mining company focused on generating cash flow by advancing high-grade, low cost mining opportunities into production.
|Address:||919 Notre Dame Avenue, Suite 201|
|City / Town:||Winnipeg|
|Postal Code:||R3E 0MB|
|Issuer Type:||CS - Common Stock|
|NAICS:||All Other Metal|
|Last Price 0.34||Change $ 0.01||Change % 1.52||Tick N/A|
|Bid 0.32||Bid Size 40,000.00||Ask 0.34||Ask Size 23,000.00|
|Open 0.32||High 0.34||Low 0.32||Prev Close 0.33|
|Last Trade||Volume 81,554||52 Wk Hi 0.64||52 Wk Low 0.10|
|Market Cap 26.6 mi||Ex-Div Date N/A||Div Rate N/A||Yield N/A|
|Shares 79,536,018.00||EPS (TTM) -0.03||PE Ratio N/A||Exchange CSE|