Query: G.N.I.S.

See also: White Mountains. Fish Lake Valley.

Global Finishing, Inc. Acquires the Ruby Mine

MONTREAL, QUEBEC--(CCNMatthews - April 26, 2007) - Global Finishing, Inc. (FRANKFURT:G8BA)(PINK SHEETS:GFML) is pleased to announce the acquisition of the Ruby mine a high grade, near surface silver property, located near the California-Nevada border in eastern Mono County, California.

The property encompasses the workings of the Green Monster Mine, which has a history of small, but high-grade production from carbonate replacement deposits. Between 1938 and 1953, the mine produced 781 tons yielding 40,329 oz silver (Ag), 6,916 lbs copper (Cu), 46,767 lbs. Lead (Pb), and 5,775 lbs. Zinc (Zn). (Source : US Bureau of Mines).

The U.S. Bureau of Mines also investigated the Ruby mine during 1983, in depth, and established the presence of commercial ore remaining in the mine. This report was made prior a recent discovery of a major fault, which is believed to be the feeder zone of the "Green Monster Mine. Previous Mining yielded results from 36 to 1465 ounces of Ag per ton of ore and 0.1 to 0.224 ounces of Au per ton of ore.

Global Finishing, Inc. will rehabilitate the mine workings, and set up underground drill stations in order to both upgrade and expand the resource and set a date to begin production.

http://www.ccnmatthews.com/

Ruby #1 and #2 Mine

Geographic Location: Mono County, California, USA

Deposit Target: High-grade carbonate replacement deposits, which encompass the workings of the Green Monster Mine

Highlights:

• Contains an un-mined indicated resource totalling 1,650 tons grading 28.0 opt silver (Ag), .70 % copper (Cu), 1.0 % lead (Pb), and 4.0 % zinc (Zn)
• Between 1938 and 1953, the mine produced 781 tons yielding 40,329 oz Ag, 6,916 lbs Cu, 46,767 lbs. Pb, and 5,775 lbs. Zn (Source: US Bureau of Mines)

Exploration Results to Date:

• Two selective check samples collected from the mine during the current work program averaged .025 opt gold (Au), 241.6 opt Ag, .47 % Cu, 2.26 % Pb, and .51 % Zn

Exploration Plan:

• Rehabilitate the mine workings, and set up underground drill stations in order to both upgrade and expand the resource
• Planned Production Start Date: Fall of 2006

Inferred Resource:

• 1,100 tons grading 17.0 opt Ag, .70 % Cu, .73 % Pb, and 4.0 % Zn (Source: US Bureau of Mines)

Geologic Location: The unpatented claims are located in the Silver Lode – Green Monster Mine Area near the California-Nevada border in eastern Mono County, California, about 150 miles southeast of Reno, Nevada and in the vicinity of Fish Lake Valley.

http://www.he-5resourcescorp.com/ruby.html

Elevation: 8323ft, 2537m.  

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Date and time this article was prepared:7:39:05 PM, 12/9/2024.