BRUNSWICK, Ohio--(BUSINESS WIRE)--Stratton Holdings, Inc. (STHG - OTC Pink) releases its Project Report Prepared for period ending Q1 2012 by Accurate Resource Development Corp. for STHG. The report, below, demonstrates an overview of the property description, assay reports, equipment and machinery to be provided and estimated production including average hauls of 5-7 oz of gold (AU) per ton per week at 900 tons per week.
Project: STHG Sewa River Sierra Leone #SRSL 0001
Property Description:
5 acres permitted concession on Sewa River in
the Bo region.
On average 10- 22 ft overburden worth processing to
offset overhead cost but not profitable.
Pay layers 2-5 ft deep and
on average 3 pay layers to false bedrock.
False bedrock 6- 18
inches deep with final diamond layer 1-4 ft deep to bedrock
Clear
and industrial diamonds up 7.6 ct have been observed.
Life of
project 2-3 years estimated.
Production to start Jan 2013 with
first shipment estimated March 1st 2013
| Assay Reports: | Capitol Assay | 23.5 PPM or 23.5 Grams per ton AU | |||||
| SGS Labs | 18.6 Grams per ton AU |
Equipment to be supplied
1) Custom Design 4 -6inch intakes to one
with screen size to –1 inch. Rated for 80 Cubic yards per Hour.
2)
50 ton per hour land based screen and jig plant custom design.
3) 2
ton per hour finish concentrator
4) 1000 gal stationary fuel tank
Machinery will operate between 50-80% of capacity depending on layer with final bedrock layer causing severe reduction in capacity due to concreted false bedrock. We will evaluate burn rate to recovery on final layer.
Estimated Production based on 3grams AU per ton factoring in Overburden and Layers
|
25 tons per hour 6 hours a day |
150 tons per day | ||||
| 6 days a week | 900 tons per week | ||||
| X 3 grams AU per ton |
|
2700 grams AU | |||
|
31.1 grams per Troy Oz |
86.8 Oz AU per week |
Weeks of production are seasonal and best case is nine months of production. 2013 being the least. Average season is from Nov –July.
After striping visible gold, production should produce 12 tons of ore
concentrate with an average of 5- 7 oz AU per ton per week.
Shipments
are 22 tons max per trucking laws in USA.
STHG CEO, John Semachko, Jr., a mining industry expert with a strategic long-term plan for STHG and its shareholders is “pleased with the results of the report as they exceeded my expectations. This, in combination with our current efforts in North America positions STHG in solid form for cumulative revenues and exponential growth among our competitors in the precious minerals mining industry.”
Stratton Holdings Inc is a publicly traded company with a focus on Precious Metals mining as well as business operations in other sectors which management feels has potential for long-term growth and/or near-term revenue opportunities.
OFFICIAL WEBSITE www.STHGgold.com