Projects
Gold Mining Projects...
Qualified Projects
The Company is an early-mover in the small-scale, eco-friendly gold mining sector. The Company has selected its' first gold mining project and has identified over 100 potential projects in North America which meet or exceed its minimum requirements.
Royal Vindicator Gold Mine
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The Company has entered into an agreement to purchase the permitted and fully operational Royal Vindicator (RV) Gold Mine located approximately 60 miles east of Atlanta, Georgia, USA.
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The RV gold mine has a rich history. It was discovered in 1829 and operated as one of the first gold mines in the United States. Some of its historic highlights include;
• 1829 – Discovery of Gold at the RV Mine site
• 1860 – Shut down for the Civil War
• 1896 – Purchased by the Royal Mining Co.
• 1904 – Purchased by Tallapoosa Gold Mining Co.
• 1930 – Mine purchased by US Smelting Mining Co.
• 1980 – Mine purchased by US Borax Corporation.
• 1987 – Mine purchased by Atlantic Goldfields.
• 1988 – Surface Mining and – Air Quality Permits
• 1989 – ACA Howe Pre-Feasibility Study
Producing Gold Now...
Initial placer and underground mining began on the site at around 1829 and continued intermittently until about 1919. Since that time the mine has been explored and inspected by US Steel, US Borax, Jascan/Atlantic Goldfields, and was finally purchased by the current owner in 2019.
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The project is currently being mined as a low-cost, open-pit, bulk mining operation using vat leaching to extract the gold from the mineralized materials.
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The Company has commissioned a detailed technical evaluation and NI 43-101 Technical Report on the project which is expected in late November 2023
Bulk Heap Leaching and Vat Leaching Tests of NSOL1
The RV Mine is fully permitted and currently operating in small scale production. The mine will also act as a showcase and provide validation for the Company's technology suite and their commitment to ESG practices and principles.
Innovation Mining has scheduled bulk-scale on-site tests of the Innovation Formula (NSOL1) at the mine in December 2023 thru February 2024.
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The bulk tests involve a series of whole-ore 250 kg column leach tests, and several 500 tonne vat leach and on-off heap leach tests performed on run of mine mineralized RV material crushed to minus 3/4 inch. (photo to right)
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The comprehensive suite of tests will compare the leach kinetics, recoveries, and provide a detailed economic analysis and comparison of the Innovation formula to a conventional cyanide-based solution.
