Copper King Mining Corporation (OTC: CPRK) recently released their company video that is designed to inform viewers about an array of topics pertaining to the company. The video also includes an update in regards to their new Mill Construction.
Copper King owns or controls more than 100,000 acres of mineral properties, real estate, and other assets in Beaver County, Juab County, and Millard County, Utah. The company has holdings of mining claims, land leases, and mining rights, one of which is an 18 mile long and 8 mile wide mining area known as the Milford Mineral Belt. Through the extraction of minerals, the company holds metals such as copper, silver, gold, tungsten, and molybdenum.
One of the mines that the company is currently working on is the Hidden Treasure mine in Milford, UT. Upon the completion of the mine, the company estimats that they will process 2,500 tons of ore per day, recovering 50-65,000 pounds of copper per day plus gold and silver. The company now owns a complete line of Caterpillar Mining equipment which includes the Hidden Treasure processing mill.
Mr. Dotson, CEO of Copper King Mining Corporation, said, “The ore at the Hidden Treasure mine we are currently mining runs approximately 36 pounds of copper per ton of ore. Historically the ore runs 0.01 opt gold per each unit of copper in the ore. A unit of copper is equal to 1% and 1% is equal to 20 pounds per ton, or 1% of 2,000 pounds, which is 20. The ore at our mine is about 1.8% copper so the gold historically was about 0.015 opt gold per ton of ore. It should be noted that most of larger copper deposits currently being mined worldwide is less that 12 pounds of copper per ton of ore, and the copper in the Hidden Treasure mine will run around 36 lbs. copper per ton.”
He concluded, “so you can see the ore grades at our mine are much richer than most. Many of the copper deposits in the world do not have any gold or silver with them at all but we have significant gold and silver deposits. In addition to the gold and silver many of our ore bodies contain tungsten and molybdenum.”
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