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Out Esmeralda Way
by Carol Sirnes
Good Morning! Another quiet weekend here in Goldfield. The remodeling
at the Mozart is proceeding with the addition of some new tables and the
carpeting is from Ceasers Palace in Las Vegas. Owner Bill Schultz and son are
doing the work after regular business hours so as not to interrupt serving the
customers.
William Alan Pezzuto, Ava Roberts, Herb Robbins and Sandra Johnson, all
directors of Earth Connections, a non-profit organization, have announced
changes in the location of the new Goldfield Brewery. The brewery was to have
been at the site of the old Roadrunner Cafe on the curve of U.S. 95. They have
joined Connie and Ken Gates, owners of the Northern Emporium Girl Shop,
which they will reconstruct into a brew pub. The pub will offer five flavors
(brewed on the premises), a bar, a gift shop with items made by area artisans
and snacks will be available..
Last month Commissioner Ben Veljoen reported that Mineral Ridge Re-
sources Inc. of Silver Peak was awarded aplaque from Gov. Miller for progress
"q Rural Economic Development. All the other applicants were from the Las
"-egas area.
The folks at Mineral Ridge Mine can really be proud of the progress they are
making. The following report appeared in The Mining Record, (Denver paper)
July 2, 1997:
The Mineral Ridge mine poured its first gold on June 24, 1997. Gold
production for 1997 is projected to be 37,000 ounces and, thereafter, is
expected to increase to 50,000 ounces annually over the currently estimated
five and one-half year life of the mine.
Esmeralda Sheriff's Report
Pahrmmp Valley Gazette, Thursdayl July 24, 1997 17
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Edward Lee Owens, was booked into Goldfield jail July 2
on charge of bench warrant for contempt of court and is
serving time.
William Caudill, was booked July 7 into Goldfield jail by
Nevada Highway Patrol warrant and is serving time.
Wayne J. Klueven was booked July 9 into Goldfield jail on
charge of outside warrant and transported to Colorado.
Debra Jane Smit hwas booked July 9 into Goldfield jail on
hold in transient to Reno.
Johnny Bruce Otwell was booked July 11 into Goldfield
jail on charge of DUI, open container, failed to obey flagman,
driving with suspended license, second degree kidnaping,
leaving scene of accident. He has been released but case
pending.
James D. Harrison, was booked July 11 into Goldfield jail
The mine is located approximately 35 miles southwest of Tonopah.
Cornucopia has "fast-tracked" the development of the Mineral Ridge
open pit, heap leach gold mine since acquiring an initial interest in the
project in mid-1993. Proven and probable reserses of 5.2 million tons
grading 0.068 ounces gold per ton, with a stripping ratio of 4.32:1, were
defined. A production decision was made in early 1996 based on a positive
feasibility study. The study estimated approximately 50,000 ounces gold
per year at an average cash operating cost of US $235 per ounce.
A net capital cost budget of U.S. $25.4 million was established to place the
mine into production.
To protect against falling precious metal prices. Cornucopia has imple-
mented a hedging program pursuant to which 120,000 ounces of gold have been
forward sold between 1997 and 2002 at an average price ofU.S. $408 per ounce.
Operations at the mine consist of open pit " "
mining, four-stage crushing, agglomeration
and heap leach extraction of gold using con-
ventional cyanide and carbon adsorption
methods. The processing facilities are ex-
pected to handle a minimum of 2,700 tons of
ore per day over a 350 day operating year. To
date, 85,000 tons of ore have been crushed
and stacked.
Gold recoveries are estimated to be ap-
proximately 81 percent on a life-of-mine
basis.
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for transport to Reno
Dedrick Love was booked July l I into Goldfield jail for
hold and transported to Reno.
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