Silver Eagle Mines CEO Expects Exploration Allow by Early 2023youtu.be
Silver Eagle Mines (CSE:SEM) is nearing completion of an environmental research that may pave the way in which for the beginning of exploration of its Murdock Mountain phosphate challenge in Nevada, US.
CEO Robin Dow stated each a cultural research and a organic research — that are a part of the environmental research required by the US Bureau of Land Administration — are anticipated to be full by the tip of November. The corporate hopes to obtain its exploration allow by early 2023.
“There’s already been appreciable work performed traditionally on Murdock Mountain. We all know that there is roughly 18 million tonnes of 15 p.c B205,” Dow stated.
“What we need to do, as quickly as we get our exploration allow, is to go on the bottom and basically do some extension drilling, not alongside strike, however what we have now is about 5 meters extensive, 5 meters deep, and we expect it drifts semi-horizontally beneath the overburden to the southwest,” Dow stated.
Silver Eagle Mines’ Murdock Mountain phosphate asset accommodates rock phosphate with “very negligible” ranges of heavy metals, which makes it excellent for producing natural fertilizers for natural farming.
“If you’d like natural meals, it’s important to use natural fertilizer. And a lot of the phosphate on the planet both comes from Morocco — most likely 80 p.c — (and that is) contaminated with uranium. There’s three or 4 giant open-pit deposits in Idaho, however they’re contaminated with cadmium. And Mosaic (NYSE:MOS) has a really giant phosphate deposit in Florida, which can be contaminated by heavy metals,” Dow stated.
Silver Eagle Mines’ finish product is appropriate for direct utility in natural farming, as Murdock Mountain’s rock phosphate deposit has no dangerous contaminants akin to uranium and heavy metals, in keeping with the corporate.
Most phosphate ore should be processed to take away impurities that might in any other case hurt vegetation. The chief government famous that phosphate from Murdock Mountain requires no heavy processing apart from grinding the rock right down to tremendous pellets, after which it is able to be shipped to market.
Watch the total interview with Robin Dow, CEO of Silver Eagle Mines.
Disclaimer: This interview is sponsored by Silver Eagle Mines (CSE:SEM). This interview offers info that was sourced by the Investing Information Community (INN) and accredited by Silver Eagle Mines with a purpose to assist traders study extra in regards to the firm. Silver Eagle Mines is a shopper of INN. The corporate’s marketing campaign charges pay for INN to create and replace this interview.
INN doesn’t present funding recommendation and the data on this profile shouldn’t be thought-about a advice to purchase or promote any safety. INN doesn’t endorse or advocate the enterprise, merchandise, providers or securities of any firm profiled.
The data contained right here is for info functions solely and isn’t to be construed as a proposal or solicitation for the sale or buy of securities. Readers ought to conduct their very own analysis for all info publicly obtainable regarding the firm. Prior to creating any funding choice, it’s endorsed that readers seek the advice of straight with Silver Eagle Mines and search recommendation from a professional funding advisor.
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