White Caps Gold Property – Manhattan Mill
Coronet has been working on the White Caps land tenure, water well refurbishment, water rights, hydrology/ground water modeling report, cultural report, habitat report, processing plant refurbishment plans, new tailings impoundment design and other studies, evaluations and estimates required for preparation of the submittal of the Bureau of Land Management Plan of Operations permit application in conjunction with the Nevada Department of Environmental Protection. This permit application was submitted on June 7, 2013. Subsequently the above agencies requested more studies to be completed. The Company is actively reviewing several options to get the permitting and development of the project under way which might include joint venture or option arrangements. The Company, at this stage does not know how long the permitting process will take.
If and when construction is complete (under the current permit application) the mill will have a capacity of 250 tons per day production.
In the permit application Coronet also contemplates using the White Caps mill to toll process gold ore from mining operations within trucking distance. Coronet is actively evaluating other Manhattan area acquisitions or joint ventures which could have the potential for additional White Caps Mill feed and/or exploration upside potential.