Discovery Day Gold Property
The Discovery Day Gold Property is located in Siskiyou County in northwest California near the town of Forks of Salmon approximately 65 miles southwest of Yreka. The claim block consists of 48 unpatented BLM mining claims controlling the prolific Knownothing mining district on over 950 acres of USFS land. There are six existing historical mines on the property – the Discovery Day, Star Hansen, Gilta, Peggy, Jennette and Knownothing. Over 60,000 ounces of gold has been reportedly produced from high grade veins located on the property.
The Discovery Day mine was in full scale operations in early 2010. All mining, exploration and development work was suspended on May 28, 2010 due to a tragic mining accident which resulted in the death of the mining supervisor and the injury of another miner. The issues resulting from the incident have been addressed and the mine is well positioned to re-commence operations.
Over $7M has been invested to date on development work since the 1970's at the gold property and the Discovery Day mine is currently turnkey ready for production. The property is fully permitted for gold production with the BLM and USFS with all environmental impact studies completed and reclamation bonds posted. There are approximately 2000 feet of underground workings on three levels, a 1.8 mile haul road, water, communication & power systems, a man camp capable of housing 20 workers and a functional 100 ton per day crushing circuit and gravity concentration mill. All necessary mining and milling equipment is on site and a mining plan in place to mine and process 30 to 50 tons of ore per day. Production costs are expected to run from $275 to $350 per ounce calculated from actual performance during recent past operations.
Up to 75% of the project can be acquired by Del Toro through a November 14, 2011 agreement with Bowerman Holdings LLC. A Canadian NI 43-101 Technical Report was written for Trinity Alps Resources Inc. (Bowerman’s parent company) in August 2009.
This property exemplifies Del Toro's company strategy to acquire historical high grade, near term production properties with relatively low operating costs. The company plans to put the mine back into production in the very near future and commence exploration efforts to better define the resources of the other mines on the property and the entire Knownothing district.