Bullion River is a junior gold mining company with projects in Nevada and California. Currently, the French Gulch Mine in Northern California is the most advanced project. From October 1, 2007 through March 31, 2008, the average recovered gold grade at French Gulch was .716 ounces per ton, making it one of the highest grade gold mines in the western U.S. The French Gulch Mine is the current focus of the company's capital and energy, but that does not take away from the tremendous opportunities at our other projects. Please navigate our web site and learn more about the exciting potential of Bullion River Gold Corporation.
Bullion River Management is committed to building long term, low cost gold mines which will ultimately translate into share holder value. A gold mining company with a long term view must be able to weather the storms of variable gold prices, increasing labor and material costs and more stringent environmental responsibilities. For these reasons, high grade underground gold mines will be the future of mining in the politically stable western U.S.
Bullion River Gold Corporation will be ahead of the curve as more and more mining companies realize the political, environmental and financial risk associated with mega size open-pit gold mines.
The amount of gold per ton milled means everything in terms of cost per ounce produced and the highest grade gold mines are underground vein type mines. Our goal is low cost per ounce gold production.
Underground mines have a very small footprint as compared to open pit mining. This translates into more socially acceptable projects in a more environmentally sensitive world. In addition, underground mines, especially deep seated mesothermal veins, tend to be long life projects allowing a mining company to amortize the capitol costs of the project over many years.
Bullion River's management believes that the best opportunity for stable growth is to focus on high grade, low cost, long life underground mines that are in areas with good infrastructure and political stability. There has been a substantial consolidation in the gold mining industry over the past 10 years with mining companies gobbling up one another, the idea being that you can buy production and management quicker and cheaper than you can build it. This has resulted in larger companies that need a pipeline of economic multi-million ounce gold deposits to show growth. This, in turn, has resulted in the mining industry flocking to less developed countries where the perception is that it will be quicker and easier to build a new project. But in reality, lack of infrastructure, lack of skilled labor and ever changing mining and ownership rules can quickly increase costs and delay startup estimates. Bullion River management firmly believes that there is a demonstratable opportunity in obtaining projects that are too small to have a bottom line impact on the larger gold mining companies, but are large enough to provide steady growth rates for Bullion River Gold Corporation. These new projects would have the potential of 20,000 ounces of gold per year.
In summary, our mission is to acquire and develop high grade, underground gold mines with potential of 20,000 ounces per year, each in politically stable areas with access to skilled labor and good infrastructure.
As testimony to the potential of these type targets, Newmont Gold Corporation owned and operated the Empire Mine 150 miles south east of French Gulch. The mine operated for over 100 years and produced over 6 million ounces of gold from narrow, high grade veins similar in grade and width as the veins at the French Gulch mine.