Desert Hawk Gold’s existing two million ton capacity heap leach pad and processing facilities
Desert Hawk Gold Corporation has received new permits to expand the size of its heap leach pad and other site improvements at its open pit gold mine in Utah.
GOLD HILL, UTAH, UNITED STATES, January 9, 2023 /EINPresswire.com/ — Desert Hawk Gold Corporation is pleased to announce it has received new permits to expand the size of its heap leach pad as well as other site improvements. The Company operates an open pit gold mine and processing plant near Gold Hill, Utah and requested this permit in order to expand its operations.
The newly issued permit from the United States Bureau of Land Management and the State of Utah provides for an increase in the size of the project leach pad from 2 million tons to 10 million tons, a five-fold increase. Included in the permit expansion is the authorization to drill a second water well to provide additional process water for operations. The Company expects that with the new permit in hand, the annual mining rate can be increased from less than 1 million tons to approximately 1.75 million tons. This permit expansion is also expected to extend the mine life from 6 to 10 years.
According to Rick Havenstrite, Desert Hawk’s CEO, “This expanded permit represents a major milestone for Desert Hawk and provides for a significant expansion of our existing operations. We are excited to implement the use of the expanded pad in our operations during 2023. We will also continue to explore the known mineralized gold trend beyond the boundaries of our existing pit in order to firm up future resources for mining”.
Desert Hawk Gold is a fully reporting company with the US Securities and Exchange Commission and filings can be accessed on the EDGAR system. Further details on the recent permit grant and other matters are available in a recent 8-K filing.
This release contains "forward-looking statements." Such statements are based on good faith assumptions that Desert Hawk Gold Corporation believes are reasonable, but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Any projections, forward-looking statements and other data contained in this news release are based on a number of estimates and assumptions by Desert Hawk Gold (“DHG”), including among others, estimates of and assumptions relating to future performance of mines based on historic ounces per ton (opt) outputs, timing regarding schedule and amount of production, mining costs, sustained value of gold versus international currencies, and the ability to secure necessary financing. These estimates and assumptions are inherently uncertain and are subject to numerous geological, business, competitive and financial risks which are outside of DHG’s control. There can be no assurance that the assumptions made in connection with the projections, forward-looking statements and other data herein will prove accurate, and actual results may differ materially. The inclusion of projections, forward-looking statements and other data herein should not be regarded as an indication that DHG considers them to be a reliable prediction of future events and they should not be relied upon as such. A further discussion of the risks associated with DHG’s business and the impact of such risks on the projections, forward- looking statements and other data herein can be found in the documents filed by DHG with the US Securities and Exchange Commission.
For Further Information please contact:
Rick Havenstrite
Desert Hawk Gold Corp.
+1 775-848-5193
rickh@dhgcorp.com
