In the quest for gold, GS Mining Company focuses not only on recovering the richest ore, but in doing so with state of the art sustainable and ethical practices. Our goal is to bring dormant mines back to life and revenue, while at the same time enhancing and rejuvenating the environment and communities in which we operate.
Environmental, Social And Governance (ESG) Principles
GS Mining Company is a green company. Environmental, Social And Governance (ESG) principles, and all that they stand for provide the foundation for what we are building in Colorado. We believe in it and we practice it.
Froth flotation is a process
After successful grinding and gravity circuit trials, the crew at the Golden Gilpin Mill has begun testing Bates-Hunter mine material for froth flotation characteristics.
Froth flotation is a process for selectively separating gold (and other metals like silver and copper) from the rock in which it has resided since volcanic activity created the Rocky Mountains. Pilot Mill testing is important to determine how to crush and sift to obtain the correct particle sizes, along with which environment friendly chemicals produce the best results. The goal is to determine the most efficient way to “liberate” the gold.
An ERC-20 Compliant Token
The Moria Token (MOR) is an ERC-20 compliant token representing an interest in certain royalties generated from each of the Bates Hunter Mine (“Bates”), the Clay County Mine (“Clay”), and the Gilpin Mill (“Gilpin”) in Colorado and any additional mines or mills purchased or developed by GS Mining Company, LLC (collectively, the “Mines”).
After the company commences material non-pilot gold production resulting in revenue, Moria Token holders will be entitled to receive annual royalties equal to each token’s pro-rata share of 10% of the annual gross revenues or $0.20 per token, whichever is greater.
This is the remarkable story of the trailblazers behind the rebirth of the Bates Hunter Mine. With at least 85% of the gold in Central City, Colorado left undiscovered, GS Mining Company is leading the revival that is 160 years in the making.
Come join us for a look at the Bates Hunter Mine revival and so much more!
Current Projects
Project Information Coming Soon
GSMC announced in 2020 acquisition of the Becker-Bates Mine (the “Becker”) located in Central City, Colorado. The Becker consists of approximately 6 acres above ground and its mineral rights are contiguous to the Bates Hunter Mine (the “Bates”) currently being operated by the Company’s wholly owned subsidiary, the BH Mining Company, LLC.
Like the Bates, the Becker is a historic mine whose workings date back to the Colorado gold rush in the late nineteenth century. There is an existing shaft at the Becker which, according to historic records, connects to a tunnel emanating from the Bates at the 500-foot level. This connection between the two mines could be of significant value to the Company.
We are happy to report that a thirty-year lease has been executed giving us access to fifteen acres of mineral rights. The picture below will give you an idea of where the acreage is in relation to the Bates Hunter and Becker Bates. Because of the presence of historical veins throughout this new acquisition, we have designated it as the “Gregory Bates.” The Gregory Bates is made up of a group of separate mining claims, all of which are in our long term lease. A mining claim is a parcel of land that contains valuable mineral veins to which the holder of the claim has access and the right to mine.
Bates Hunter In The News | Boulder Weekly
A Return To Legacy
It’s 8 a.m. at Central City’s newly reopened Bates Hunter Mine, the sun just peaking over the valley walls. It’s been over 70 years since gold was last mined here, but as the miners begin to arrive at work on a November day in 2018, it feels like they’ve been here all along, like this is where they’re supposed to be. By all appearances today is a normal day, although on the agenda is at least one extraordinary task; after months of removing water from the main shaft, the miners can finally access the 163-foot level, submerged and unseen since an exploratory visit in 2008.
