Scalada Holdings, Ltd., along with its wholly-owned subsidiary Titan Holdings, Inc., will design and produce custom equipment for a brand new 40 acre precious metal production facility in Northern Nevada.
Online PR News – 24-August-2013 – Singapore – Manly Logan, CEO of Scalada Holdings, Ltd., (www.scaladaholdings.net) and its wholly owned subsidiary, Titan Holdings, Inc. confirmed that he has been approached by a Nevada, USA based company to design and construct a brand new facility for precious metal extraction, including the sampling and assaying of ore samples from significant ore bodies in the region.
The new facility will be built on over 40 acres where an existing building is in place, but will be replaced by Scalada’s state of the art upgraded facilities. Scalada’s custom equipment will augment the standardized equipment in such ways as to make the entire precious metal extraction process more efficient and more profitable.
Nevada is known as a mining friendly state, which makes Scalada’s investment there all the more effective. High precious metals prices have given rise to the re-opening of historic mines, but there is a shortage of processing capacity. In dollar value, annual precious metals output increased over 200 times, from about $9 million in 1965 to over $2 billion each year from 1989 to 1992. After declining some between 1989 and 1992, precious metal exploration remained relatively constant through to the end of the decade.
Nevada's gold production makes the United States the second leading gold producing nation in the world, and published Nevada gold reserves at the end of 1999 total about 143 million ounces. Some of these may prove to be sub-economic and may never be mined, but reserves probably are sufficient to sustain the gold mining industry for at least another 15 to 25 years. At the end of 1999, Nevada's silver reserves totaled about 235 million ounces.
Today’s announcements come on the heels of Scalada’s decision earlier in the year to secure claims on approximately fifty-eight (58) twenty (20) acre claims for Nobel Metals operations in the area following two years of prospecting and testing various sites. Titan Holdings Inc. decided to secure the claims after high amounts of Micron Nobel Metals (AU, AG, PGMs) were verified to be trapped in the clay material associated with the sites. Multiple assays performed by AuRIC Metallurgical Laboratories, located in Salt Lake City, Utah, to a depth of fourteen feet revealed several hot spots with an average yield of 2 OPT (ounces per ton). The Assayer's report highlighted a yield of 75% Au (gold) and 22% Ag (silver).
According to Scalada CEO Logan, the proposed new production is expected to “generate near term production and cash flow with significant upside potential.”
Full production is expected to begin by Q2 2014.
Scalada Holdings, Ltd. is in the business of bringing green solutions to the global marketplace that produce sustainable outcomes through its wholly owned subsidiary, Titan Holdings, Inc., a Nevada based environmental company. Scalada Holdings provides integrated solutions over a wide range of technologies, services and extensive knowledge to allow global institutions to meet their environmental goals.
To learn more about Scalada Holdings, Ltd. and its wholly-owned subsidiaries, visit www.scaladaholdings.net
For more information,
Contact Jeremy Merritt, Vice President
Scalada Holdings, Ltd.
77 Robinson Road
Contact Phone: +65 6809 2235
Contact Email: firstname.lastname@example.org