Mining Projects
Ore 2 Gold obtains the mineral from ore that is mined from mineral concessions located primarily in Southern Peru. Our processing facility, also located in Southern Peru, enables us to negotiate favourable terms with many of the mines nearby. The second nearest processing facility is located approximately 300 kilometers away.
Through our contacts and partners, many of the local miners come to us to assist them with the processing of their mineral. Some of these miners are digging out ore using very simple tools. Our offer to them is to help them get the most out of the mine and to improve their community well-being through safer and better mining practices.
We are investing in the infrastructure at the mine so that higher amounts of ore can be extracted faster. In return the mine gives us ownership rights over a percentage of the mineral through a joint venture contract.
In one example, the owners of the mine are more interested in developing their food crops than developing their mine. They are happy to receive regular royalty payments but are not in a position to extract much ore due to a lack of mining tools and a scarcity of modern mining know-how.
We inspected their mine, which consists of a 100 meter vein tunnel and is located on more than 400 hectares, and assays (sample tests of the grade of ore) returned between 30 and 80 grams per tonne. Incredibly, the local miners had been processing its ore using a makeshift mercury processing plant which is highly dangerous to the community and themselves.
Our mission for projects such as this is to provide the service and improvements that the mine and the local mining community need to improve the safety and environmental impact of the mining operations and to ensure that all owners continue to receive their royalties from the mine.
A JOINT VENTURE ON THE MINE ENSURES THE FOLLOWING:
That the mineral extracted is ours to sell.
That the original owner continues to receive royalties from mineral sold for the life of the mine.
That we are in control of mining operations and can manage the investment and expansion ourselves.
INVESTMENT IN THE MINE ENSURES THE FOLLOWING:
Correct drilling and ore extracting equipment is used.
Sufficient mineral is processed to warrant the investment.
Safer mining practices are used.