2018 | Q2 Update

gsminingcompany Quarterly Update

Mine Exploration and Dewatering Process Commences
 

Mine Exploration | May, 2018

The GS Mining Company team surveyed ground conditions, extent of workings, water level and northeast and southwest access parts for the underground planning purposes for what is to come in the months ahead.

Our team: Matt Collins (General Manager, green shirt ) Jean-Paul Brewer (the tan Carhartt jacket), Matt Foussadier (teal shirt), Graham Peterson (navy blue button-down shirt over a hoody), David Hunsicker (yellow, black and reflective hoody), James Narboe (grey mustache) and Jason Caz (Photographer).

A special thank you to: Dave and James who are members of the Front Range Mine Rescue team and were on site as back up support.

 
Big Blue Has Arrived! |  June, 2018

Our wastewater clarifier, is the newest 16-feet 3-inch tall addition to the Bates-Hunter Mine! This equipment will allow us to begin removing the coarse, heavy impurities from the water currently in the mine.

“Wastewater" or "Settlement" clarification is the best process for removing these impurities. This is done in accordance with the Colorado Department of Public Health and the Environment permit managed under the EPA's NEPA rules.

 
 
Dewatering Process Has Commenced! | June, 2018

We're happy to announce our dewatering treatment process has begun! This process removes water from the mine and addresses surface storm water. The water pumped from the mine, treated and discharged to Gregory Gulch will be of higher quality than the naturally occurring water in the receiving stream.

GS Mining has permits and systems in place to completely avoid or mitigate any adverse environmental effects.

Pictured: The mine dewatering pump staged, in its freshly painted casing, awaiting its roll to start pumping water over 800 feet vertically. In Photo: Mine Manager, Mathew Mason and Site Foreman, Jean-Paul Brewer.

 

CAUTIONARY STATEMENT FOR PURPOSES OF THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This quarterly report may be deemed to contain “forward-looking” statements. We desire to take advantage of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and we are including this statement for the express purpose of availing ourselves of the protections of such safe harbor with respect to all of such forward-looking statements. Examples of forward-looking statements include, but are not limited to (i) projections of revenues, income or loss, earnings or loss per share, capital expenditures, growth prospects, dividends, capital structure and other financial items, (ii) statements of plans and objectives of ours or our management or Board of Directors, including the introduction of new products or services, or estimates or predictions of actions by customers, suppliers, competitors or regulating authorities, (iii) statements of future economic performance and (iv) statements of assumptions underlying other statements and statements about us or our business.

Our ability to predict projected results or to predict the effect of any legislation or other pending events on our operating results is inherently uncertain. Therefore, we wish to caution each reader of the report to carefully consider specific factors, including competition for products, services and technology; the uncertainty of developing or obtaining rights to new products, services or technologies that will be accepted by the market; the effects of government regulations and other factors discussed herein because such factors in some cases have affected; and in the future (together with other factors) could affect, our ability to achieve our projected results and may cause actual results to differ materially from those expressed herein.