Coronet launches STO for acquisition of old mines and stock piles

Coronet metals entered into a short-term lease to purchase option contract for the facility located at Armargosa Valley, 100 miles northwest of Las Vegas, Nevada. They have EPA Permit Number NEV2010101 (the “Liberty), permitted to process up to 50 tons of precious metals feed material per day. The building floor is graded to a floor drain which drains to a 500-gallon covered sump, which can be transferred to a 5,000-gallon recycle tank. There are 35,000 gallons of secondary containment in the building. 6 bay building has a 76 x 122 ft processing area, with the remaining area being devoted to a wet laboratory, AA room/office , weigh room, fire assay and laboratory roof mezzanine.