OTC Pink: SDRC
OTC Pink: SDRC
The exploration site is located in the famous Warren Mining District, located north of McCall, Idaho. The Lucky Ben, Lucky Ben Extension, and Hornet properties are three patented, deeded claims totaling 53 acres +/- and five unpatented claims totaling 300 acres +/- and are leased under a long-term lease with a continued option to renew. Over the past 5 years, significant development work has been completed on the original Lucky Ben tunnel.
The Warren District Project consists of two fully timbered portals and tunnel structures. We constructed a 1200-square-foot metal mill building at the location to house a portable mill made up of six machines, and portable office and storage buildings are on location. We lease crew housing facilities located in Warren, Idaho. Our recent exploration efforts have expanded to 20 acres of private property known as the Hornet Claim and to several unpatented claims near the Warren District Project, where the historic, high-producing Arlise Mine is located.
Moving Forward in partnership with Western Frontier Exploration and Mining Company, we made significant strides in advancing our Warren District project in Idaho during the first quarter of FY2024. Despite challenges, our dedicated efforts have yielded valuable insights and improvements.
Throughout the quarter, we faced and overcame numerous challenges, such as unexpected delays in equipment delivery and issues with the initial crusher setup. Our proactive response included installing a new well pump to meet the water flow requirements of the new equipment and making critical adjustments to eliminate gold losses in the tailings. These actions underscore our commitment to operational excellence and environmental responsibility. We continued the testing and enhancement of our test mill, crucial for assessing the operational efficiency of our processing equipment. The quarter was marked by the replacement of several key components in our mill circuit, including upgrading the primary and secondary crushers to a jaw crusher and a ball mill respectively, and substituting the trommel with a shaker table. These modifications, aimed at improving the processing capacity and recovery rates, have allowed us to refine our approach to ore handling and significantly increase our concentrate recovery.
We have encountered unusual anomalies occurring in the dore’ material and are conducting extensive testing at numerous fire assay labs to determine the exact mineral composition of the material to determine the best course forward in processing and testing the concentrates. During fire assay testing it has been determined that a significant amount of Gold is reporting to the slag and high volumes of silver are reporting to the tailings. The reporting of valuable metals like gold, silver, copper, and iridium in our XRF scans further illustrates the rich potential of our mining operations. We are continuing to test materials to determine the level of any iridium and other platinum group metals that are being identified in the XRF scans. It is our opinion that XRF scan results do not confirm the presence of iridium and other platinum group metals but with this information and other indicators we have observed we believe there is sufficient evidence to warrant further study. In collaboration with experts associated with Andrew Prelea, who bring extensive experience in narrow vein mining operations, we are in the early stages of designing a production mill that meets our capacity goals while integrating the latest mining technology and sustainability practices.
The process of determining an ore milling facility design involves several critical steps. Initially, geological surveys and ore sampling are conducted to assess the quality and quantity of the mineral deposits. Based on this data, we are developing a detailed feasibility study, which includes economic, environmental, and technical evaluations to determine the optimal capacity of a full production mill facility. Mike Irish of Irish Metals is assisting in the study and development of the best precious metal recovery systems. This initiative aligns with our commitment to operational efficiency and environmental stewardship.
We are evaluating the current mill location in comparison to promising private land purchase opportunities to ensure the best long-term location for future expansion of mill capabilities is determined. This strategic location choice aims to leverage the infrastructure of our existing test mill site, optimizing both operational logistics and cost efficiency. Test milling activities including smelter tests and fire assays are critical in determining the best precious metal recovery systems. These steps are critically important as we are learning the highly complex nature of the ore in this system.
Our team successfully completed a road maintenance plan for key access routes and began preparations for expanding our claim areas, demonstrating our dedication to sustainable operations and community cooperation. These efforts were supported by thorough environmental and logistical studies to ensure compliance and minimal impact on the surrounding ecosystems.
Despite the setbacks experienced due to weather conditions and equipment challenges, our first quarter activities have set a strong foundation for future success. We are now better equipped, informed, and prepared to optimize our milling operations and precious metal recovery processes. The lessons learned this quarter are invaluable and will undoubtedly contribute to our efficiency and effectiveness in subsequent phases of our project. Western Frontier has proposed a spiral decline to serve multiple purposes.
Firstly, the proposed decline will bypass the existing steep and dangerous switchbacks, allowing for haulage of ore and supplies to the mill year-round. Secondly, it provides a secondary exit route for all underground workings, a critical component of complying with MSHA regulations and legally producing ore from the mine. Thirdly, it will enable the development of multiple working faces on the Little Giant Vein, a critical component of increasing production. The proposed decline will be oriented parallel to and 50-100 feet north of the Little Giant Vein, and will be approximately 12-feet tall by 12-feet wide, and 3,200-feet long at a 12% grade. The decline will be driven with a single boom jumbo, and 4 yard muckers. Sidney Resources’ underground haul truck will be used once haul distance justifies usage.
Sidney Resources Corporation is currently developing a 4-foot-wide vein system, with at least five parallel veins in close proximity. Bulk sampling of ore stockpiles located on the S1 placer claim revealed an average gold grade of 1.81 ounces per ton, equating to an estimated 45,250 ounces of gold with a market value of $91,712,700. Historical data indicates these stockpiles originate from high-producing mines such as Knott and Delaware, and the district’s potential is underscored by an inferred resource estimate of 3,040,000 tons of ore, potentially yielding 2,857,600 ounces of gold and 11,521,000 ounces of silver, valued at over $6 billion over an estimated length of more than 10,000 feet as reported by Professional Geologist, Richard Morris. The Warren District Project lies at the west end of the Warren Mining District, in north central Idaho. Rich placer deposits were discovered in 1862 and lode production began in 1866 and has been intermittent since that time. The district contains over 40 substantial gold bearing vein/fissure systems clustered in a 15 square mile area. All known systems are parallel and strike east-west, and sharply dip to the south. All systems are late-stage quartz fissures hosted in a quartz monzonite intrusive mapped as the Idaho Batholith. A few of these quartz fissures have been extensively mined to the 300-foot level. Gold grades were reported from 1 to 175 ounce per ton gold. 2 to 7 ounce per ton gold were typical head grades to the mills. The majority of the gold occurs as free electrum within the quartz veins. This constitutes a free milling recovery by gravity circuit methods. A word of caution is that this type of gold will have a pronounced nugget effect and is well recognized in the Warren District. Sidney Resources, as well as many other producers have found that a fine grind within the mill circuit is absolutely critical to liberate the majority of gold and minimize the nugget effect during recovery. Initial mill tests by Sidney Resources indicate a minimum of a 40-mesh grind. Any course fraction across the table results in substantial gold loss in the tails. Currently, Sydney Resources employs a primary impact crusher that sizes to ⅜” – material. This grind is then fed to a ball circuit that sizes to 60 mesh. This material is then tabled for the production of three separate concentrates for smelting. The tails are piped to a containment area for future evaluation. Initial milling and smelting results from Sidney indicate a 90-gram recovery per 1000 pounds of feed.
Please join Dan Hally, Chief Operating Officer and Head of Exploration at Sidney Resources, as he takes you on a tour of the estimated 25,000 ton gold-rich stockpiles that Sidney Resources maintains at the Warren District Project.
Join Steve Dobson of Western Frontier Exploration & Mining and Dan Hally of Sidney Resources as they explain the local geology of the Warren District Project.
Walk along with Dan Hally, COO and Head of Exploration at Sidney Resources, as he goes over the latest set of accomplishments at the Warren District Project Milling Site.
The Sidney Resources Corp Mine Group of claims cover a gold prospect located in the Warren Mining District, approximately 110 miles north of Boise,Idaho. TheWarren District produced over$15,000,000 of placer gold and $2,000,000 of lode gold between the period from 1869 to 1935. The Sidney Resources Corp Mine was one of some forty gold bearing fissure veins worked in the Warren Camp and lies 5,000 feet due west of the Unity Mine, the major producer in this camp.The mine was developed by a portal level which is presently inaccessible.The Little Giant can be traced along strike by the surface expression of caved stopes, dumps, pits, and float for a distance of 1,200 feet and is known to have a vertical extent at least 200 feet.The mine was reported to be in ore when mining operations were stopped in 1915. Sampling of vein material in the trenches and portal dump gave assay values ranging from 0.2 to 10.4 ounces per ton silver and 0.1 to 13.05 ounces per ton gold.
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