Ross Tailings Project

The Ross Mine in the village of Holtyre was closed in 1989, from A start in 1938, after depositing more than 6 million tons tailings on site. The mine site is located southeast of Matheson, Ontario, north of Ramore, Ontario on Highway 572 and just off Highway 11. Infrastructure in the region is good with power (electric and natural gas) and major roads in good rep air. The geology of the country rock, old reports say is rhyolite, breccia and basalt. In the mine, some rocks were carbonatized and silicified. The general strike was northwest and dipped steeply. The faul t zones had gouges of calcite and contained quartz veins; these veins were several feet thick and contained plenty of iron oxide. The ore bodies were lens shaped only a few inches wide and consisted of quartz and quartz-dolomite veins. Small amounts chalcopyrite, sphalerite and galena present were not recovered but most gold and silver was. The lens shaped ore bodies were approximately 100 metres in length and some 27 metres wide, the average grade was 0.17 ounces gold and 0.33 ounces silver per ton. The 6+ million tons of tailings, were deposited in an area just north of the existing head-frame, and covers an area roughly 4000 feet by 1250 feet and stands 27 feet high; this area contains approximately 136 million cubic feet of tailings. The inventoried tailings have been assayed numerous times and the initial assay confirmed at:

1. Au @ 0.023 oz/ton or approximately 1 gram per ton
2. Ag @ 0.1 oz/ ton or approximately 3.4 grams per ton
3. Cu @ 0.1% / ton
4. Zn @ 0.14% per ton
5. Pb @ 0.14% per ton
6. Fe203 @ 4.5% per ton

The above results have been also confirmed by the Geo Lab at Laurentian University and other laboratories in Swastika and North Bay. Recovery using a proprietary process and solvent is high - over 90% on gold (Au) and noble metals and approximately 98% on base metals.

Operations consist of moving feed material (tailings) to the leaching and process area. Final resting place of the inert and neutralized tailings will be on site with a closure plan to produce a possible recreational site consisting of a ski-hill, skating rink and a fishing area.