For mining operations, ASARCO had built a core shack, crushing facilities, a flotation mill, a 300-acre tailings disposal facility, return water impoundment and a 500-acre waste rock dump, in addition to a rail spur to the mill, power lines and roads. Today, the core shack, rail spur, power lines, waste rock and tailings facility are all in good condition as Elim purchases a property that the State Trust, funded by ASARCO, has mostly otherwise reclaimed. The vent raise and shaft are still in place; however, have not been assessed since the initial shut down of Cactus.
The opportunity to purchase the past-producing property was brought forward to our CEO due to his expertise and favorable reputation in the mining industry, after working with both Klondex Mines Ltd. and Newmont-Goldcorp Corporation. He immediately began assessing the opportunity with his resource geologist. Together, with uncovered historic data and initial work conducted, they decided to move forward with the opportunity to conduct exploration and development at the Cactus Mine outside of the city of Casa Grande with the intent of eventually restarting the operation.
Elim is investing in a property with no current environmental liabilities and plans to guide the site through through its operations in the same condition.