Corporate Overview

RX Gold & Silver Inc.'s strategy is to re-examine mineral projects within North America that have previously reached advanced exploration, underground development or past gold or silver production.

 

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The gold prices of today can obviously enhance the economics of many past projects when gold prices were considerably lower. That being said, RX Gold & Silver also recognizes that today’s economics often require a project with 1,000,000 ounces of gold potential. By re-examining past projects but keeping our focus on those we believe have potential for size, we feel that we can enhance shareholder value. We are also keenly aware of the old adage that says “The best place to find a gold mine is from within, or next to an old gold mine.

Drumlummon Mine Project, Montana , USA

 

The Company’s flagship project is the Drumlummon Gold and Silver Mine, located near Marysville , Montana , USA (the “Drumlummon”). The Drumlummon is a bonanza style low-sulphidation epithermal gold and silver deposit with historic production of approximately one million ounces of gold equivalent. The mine has never been fully exploited or explored and material that was once considered waste is now potentially economic. In addition, the Company has discovered a series of entirely new high-grade gold and silver veins that remain open for expansion in three directions. Refer to News or Properties.

 

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The governmental permits required to proceed with restarting operations have been obtained by the Company and it has dewatered the former Drumlummon underground workings down to the 600 foot level. The Company conducted some test mining and milling during 2010 and completed an underground decline to the Charly Vein and the D Block zones in the spring of 2011. The Company and plans to continue test mining and milling during 2011 and to continue underground diamond drilling.