Texas Mineral Resources Acquires Historic Carlisle Mine in New Mexico
Texas Mineral Resources Corp. (OTCQB: TMRC) announced the acquisition of the historic Carlisle Mine in New Mexico. The mine includes three patented lode mining claims and one patented mill site, spanning 63 acres in the Steeple Rock district.
The acquisition was made for a $75,000 non-interest-bearing promissory note. The Carlisle Mine, historically known for its gold production from 1880-1889, produced approximately 196,000 oz of gold from 112,000 tons of ore.
During WWII, the mine also produced copper, lead, and zinc. TMRC plans to explore and potentially develop the mine commercially, leveraging historical data from previous drilling and production efforts.
Potential targets include a shallow gold zone and a base metal zone, both partially mined historically. The company sees this as an opportunity for modest capital expenditure and significant exploration potential.
Texas Mineral Resources Corp. (OTCQB: TMRC) ha annunciato l'acquisizione della storica Carlisle Mine nel Nuovo Messico. La miniera comprende tre diritti minerari brevettati e un sito di lavorazione brevettato, che si estende per 63 acri nel distretto di Steeple Rock.
L'acquisizione è stata effettuata tramite una nota promissoria non esigibile di $75,000. La Carlisle Mine, storicamente nota per la sua produzione d'oro dal 1880 al 1889, ha prodotto circa 196.000 once d'oro da 112.000 tonnellate di minerale.
Durante la Seconda Guerra Mondiale, la miniera ha prodotto anche rame, piombo e zinco. TMRC prevede di esplorare e potenzialmente sviluppare la miniera a fini commerciali, sfruttando i dati storici da precedenti sondaggi e sforzi di produzione.
Tra gli obiettivi potenziali vi sono una zona d'oro superficiale e una zona di metalli di base, entrambe parzialmente estratte in passato. L'azienda vede questa come un'opportunità per spese di capitale modeste e un significativo potenziale di esplorazione.
Texas Mineral Resources Corp. (OTCQB: TMRC) anunció la adquisición de la histórica Carlisle Mine en Nuevo México. La mina incluye tres reivindicaciones mineras patentadas y un sitio de molino patentado, abarcando 63 acres en el distrito de Steeple Rock.
La adquisición se realizó a través de una nota promisoria sin intereses de $75,000. La mina Carlisle, históricamente conocida por su producción de oro entre 1880 y 1889, produjo aproximadamente 196,000 onzas de oro de 112,000 toneladas de mineral.
Durante la Segunda Guerra Mundial, la mina también produjo cobre, plomo y zinc. TMRC planea explorar y potencialmente desarrollar la mina comercialmente, aprovechando los datos históricos de perforaciones y esfuerzos de producción anteriores.
Los objetivos potenciales incluyen una zona superficial de oro y una zona de metales básicos, ambas parcialmente extraídas en el pasado. La compañía ve esto como una oportunidad para un gasto de capital modesto y un significativo potencial de exploración.
텍사스 광물 자원 주식회사 (OTCQB: TMRC)는 뉴멕시코에 위치한 역사적인 칼라일 광산의 인수를 발표했습니다. 이 광산은 63에이커에 걸쳐 있는 세 개의 특허 광산 주장과 한 개의 특허 제분소가 포함되어 있습니다.
인수는 $75,000의 무이자 약속어음으로 이루어졌습니다. 칼라일 광산은 1880년부터 1889년까지 금 생산으로 유명하며, 112,000톤의 광석에서 약 196,000온스의 금을 생산했습니다.
제2차 세계 대전 동안, 이 광산은 구리, 납 및 아연도 생산했습니다. TMRC는 과거의 시추 및 생산 노력에서 얻은 역사적 데이터를 활용하여 상업적으로 광산을 탐사하고 잠재적으로 개발할 계획입니다.
잠재적 목표에는 역사적으로 부분적으로 채굴된 얕은 금 구역과 기초 금속 구역이 포함됩니다. 회사는 이것을 소규모 자본 지출과 상당한 탐사 잠재력의 기회로 보고 있습니다.
Texas Mineral Resources Corp. (OTCQB: TMRC) a annoncé l'acquisition de l'historique Carlisle Mine au Nouveau-Mexique. La mine comprend trois concessions minières brevetées et un site de moulin breveté, s'étendant sur 63 acres dans le district de Steeple Rock.
L'acquisition a été réalisée par le biais d'une note promissoire sans intérêt de 75 000 $. La Carlisle Mine, historiquement connue pour sa production d'or de 1880 à 1889, a produit environ 196 000 onces d'or à partir de 112 000 tonnes de minerai.
Durant la Seconde Guerre mondiale, la mine a également produit du cuivre, du plomb et du zinc. TMRC prévoit d'explorer et de développer potentiellement la mine commercialement, en s'appuyant sur les données historiques des forages et des efforts de production antérieurs.
Les cibles potentielles incluent une zone d'or peu profonde et une zone de métaux de base, toutes deux partiellement exploitées historiquement. La société considère cela comme une opportunité de dépenses d'investissement modestes et un potentiel d'exploration significatif.
Texas Mineral Resources Corp. (OTCQB: TMRC) hat die Akquisition der historischen Carlisle Mine in New Mexico bekannt gegeben. Die Mine umfasst drei patentierte Bergbaurechte und einen patentierten Mahlstandort, der sich über 63 Acres im Steeple Rock District erstreckt.
Die Akquisition erfolgte durch eine zinslose Schuldanerkennung in Höhe von 75.000 $. Die Carlisle Mine, historisch bekannt für ihre Goldproduktion von 1880 bis 1889, produzierte etwa 196.000 Unzen Gold aus 112.000 Tonnen Erz.
Während des Zweiten Weltkriegs produzierte die Mine auch Kupfer, Blei und Zink. TMRC plant, die Mine zu erkunden und potenziell kommerziell zu entwickeln, indem historische Daten aus früheren Bohr- und Produktionsversuchen genutzt werden.
Potenzielle Ziele umfassen eine flache Goldzone und eine Basismetallzone, die beide historisch teilweise abgebaut wurden. Das Unternehmen sieht dies als Gelegenheit für bescheidene Investitionen und erhebliches Erkundungspotenzial.
- Acquisition of historic Carlisle Mine for $75,000 promissory note.
- Historical production of 196,000 oz of gold.
- Potential for new exploration and development with modest capital expenditure.
- Carlisle Mine property does not contain known proven or probable ore reserves compliant with SEC standards.
- Previous mining efforts failed to separate zinc from concentrates, leading to operational failures.
SIERRA BLANCA, Texas, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Texas Mineral Resources Corp. (OTCQB: TMRC)
- Carlisle mine consists of three patented lode mining claims and one patented mill site in the Steeple Rock district in New Mexico.
- Carlisle mine acquired for a
$75,000 one-year non-interest-bearing promissory note. - Gold production occurred during 1880-1889, producing a recorded
$4,000,000 , at$20 /oz Gold, from recorded 112,000 tons. - The Carlisle mine produced copper-lead-zinc during the Second World War - 1942-46
Texas Mineral Resources Corp. (“TMRC” and “Company”) is pleased to announce that it has acquired four patented mining claims totaling sixty-three acres known as the Carlisle mine in the Steeple Rock district of New Mexico.
The Carlisle mine produced gold in the 1880s. The initial owner of the mine, the Carlisle Mining Co., built a 20-stamp mill with the gold recovered by amalgamation. In 1886 ownership passed to a British group, who continued mining until September 1890, when the free milling gold ore shoot bottomed out between the 300 and 400 levels. Total production from 1880 to 1890 was approximately 112,000 tons at a recovered value of
In 1896 the same British owners, operating as Steeple Rock Development Co., acquired the mine as part of a district wide acquisition and exploration program. This group began drilling operations in the silicious base metal zone in the footwall adjacent to and below the gold ore body. The five by fifteen foot, three compartment, shaft was deepened to five hundred feet and an offset winze was sunk to the 600-foot level. The mill was expanded by 40-stamps, to a total of sixty, a floatation mill installed, and a smelter was built. The operation failed, apparently due to the inability to separate the zinc from the concentrates. It was during this stage that the mining engineer and later President of the U.S., Herbert Hoover, was the mine manager.
In 1914 the mine was bought by an individual, George Utter. Utter spent considerable effort in acquiring properties in the Steeple Rock district but was never able to acquire the resources to operate the mine. The mine was briefly opened in the 1916-1917 period owing to high prices during WW1. The mine was sold to George Wilson in 1921 and remained in his family until it was sold in 2022 to Dan Gorski, TMRC CEO, for
In 1927 a company called United Metals leased and re-opened the mine and began an extensive evaluation. Their intent was to install a floatation plant capable of separating the zinc from lead-copper concentrate. The mine was mapped, sampled, and the winze was deepened to the seven hundred level. Diamond drilling was done both from the seven hundred level and the surface. However, the mine was not re-opened at that time.
The mine was re-opened in 1942 as part of the war effort to produce base metals. Assisting in this effort, the Bureau of Mines drilled fourteen diamond drill holes, ten of which were on the Carlisle property. Another crosscut was driven into the hanging wall on the seven hundred level and eight diamond drill holes completed with another two being drilled from the surface near the east and west endlines of the property. The mine was in production from 1942 until 1946.
In 1991 Weaco Exploration Ltd, a junior mining company, conducted a surface geo-chemical survey at the Carlisle and followed up with drilling. Results of this drilling are summarized in New Mexico Bureau of Geology and Mineral Resources Open File Report 397 and provide a basis for planned work.
The Carlisle mine presents an opportunity to commence exploration activities with the goal of commercially developing a viable mine for what we believe could be a relatively modest capital expenditure. The existence of a database encompassing the 1928 work, wartime production and the 1991 drilling provide us with an advantage in the exploration and development of this property. Two, and possibly three, attractive potential targets are believed to be present. First is a relatively shallow, above the 400-foot level of the mine, potential gold target in and adjacent to the original 1880’s ore bodies. Second is the potential base metal zone above the seven hundred level that was only partially mined during World War II. Third is the possibility of both zones extending laterally and to depth.
About Texas Mineral Resources Corp.
Our primary focus is to develop and commercialize, along with our joint venture operating partner USARE, the Round Top heavy-rare earth, technology metals, and industrial minerals project located in Hudspeth County, Texas, eighty-five miles southeast of El Paso, in which TMRC currently owns an approximate
Cautionary Note to Investors
The United States Securities and Exchange Commission ("SEC") limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce and that are compliant with SEC Industry Guide 7. Investors are cautioned not to assume than any part or all of the Carlisle mine property contains any mineral deposits that will ever be converted into resources or that any inferred mineral resource or measured and indicated resources exists or is economically or legally mineable. The Carlisle mine property does not contain any known proven or probable ore reserves or mineral resource compliant with SEC Industry Guide 7 reporting standards. Investors are urged to consider closely the disclosure set forth in TMRC’s latest reports filed with the SEC.
Forward-Looking Statements
This press release contains forward-looking statements including within the meaning of the “safe harbor” provisions of the United States Private Litigation Reform Act of 1995. When used in this press release, the words “proposed,” “potential,” “plans,” “indicate,” “expect,” “intend,” “goal,” “hopes,” “believe,” “may,” “will,” “if, “anticipate,” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such statements. Such factors include, among others, uncertainty of mineralized material and mineral resources, risks to projected and estimated economics not reflecting actual economic results due to the uncertainty of mining processes, potential non-uniform sections of mineralized material, potential mining hazards and accidents, changes in equipment and labor costs, changes in projected mineral prices and demand, competition in the mining industry, risks related to any project exploration activities, risks of whether any commercial mining activities will ever occur with respect to the Carlisle mine, the inherently hazardous nature of mining-related activities in general, potential effects on the Company's operations of environmental regulations, risks due to legal proceedings, liquidity risks, potential additional dilution to the Company’s interest in Round Top, and risks related to uncertainty of being able to raise necessary capital in order to engage in exploration activities, on favorable terms or at all, of which there can be no assurance, as well as those factors discussed under the heading "Risk Factors" in the Company's latest annual report on Form 10-K as filed in November 2024 and other documents filed with the SEC. Except as required by law, the Company assumes no obligation to publicly update any forward-looking statements.
Company Contact:
Texas Mineral Resources Corp.
Anthony Marchese, Chairman
E-mail: amarchese@tmrcorp.com
Twitter: @TexasMineralRes
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