Coronet Metals, established in 2011 and incorporated in Nevada, is actively involved in the acquisition, exploration, and development of gold and silver properties. Headquartered in Henderson, Nevada, the company boasts a seasoned management team and a well-connected board, known for their successful track record in developing, financing, and operating mining ventures. Focusing on projects with the potential for rapid mine development and additional exploration opportunities, Coronet Metals seeks early cash flow generation to support its ambitious acquisition and development program. The company leverages its strong industry relationships and expertise in mining-friendly jurisdictions as part of its long-term vision to evolve into a mid-tier gold producer.
Slag is the glass-like byproduct that is left behind after a desired metal has been separated (i.e., smelted) from its raw ore. Usually, slag is a mixture of metal oxides and silicon dioxide.
The Gold Belt is a region in the eastern United States that stretches from Virginia to Alabama and was known for its significant gold deposits in the 18th century. This region was a significant part of the early American gold rush and was home to some of the largest and most productive gold mines in the country.
The gold deposits in the Gold Belt were first discovered in the early 1800s, and the region saw a significant influx of miners and prospectors. One of the most significant gold rushes in the United States occurred in Georgia in the 1830s, where the discovery of gold in the state's northwestern region led to a rush of miners and prospectors seeking their fortunes.
The Gold Belt region saw significant mining activity throughout the 19th century, with some of the largest mines located in Virginia, North Carolina, South Carolina, Georgia, and Alabama. Today, the region is still home to some small-scale mining operations, although the days of large-scale gold mining in the Gold Belt are mostly a thing of the past.