Up to $100M gold mine operation led by precious metal mining veterans.
Marietta Gold is a proposed gold mine operation located in the eastern slopes of the Sierra Mountains on the Nevada side. The first project, "Marietta Hill," has been tested assay results completed and property rights acquired. The next step is permitting. The assay results confirmed a minimum of $60 Million and as much as $100 Million in gold. After the first mining operation is underway, additional mines in the same region have been identified.
Key Reasons to Invest:
- Nevada is one of the largest producers of gold in the world. We plan to expand from our original proposed mine with other mines in the same region.
- Gold mines bring about economic opportunities for the surrounding areas, creating jobs both directly and indirectly.
- Leadership team with decades of experience in the precious metal mining industry.
- In addition, other precious metals such as platinum, titanium, and vanadium were detected in the area.
Well-managed, transparent and accountable resource extraction can be a major contributor to economic growth due to the creation of employment and business opportunities for local people. As well as direct and indirect jobs and employment, gold mining also brings foreign direct investment, foreign exchange and tax revenues to countries.
President Joe Biden stated, in his "Build Back Better" plan, that he proposes to create 1 million jobs through larger scale investments in electric vehicles and wind turbines that need rare earth elements such as Gold, Silver, Platinum, Zinc, Aluminum and many other minerals. Ramping up production of electric vehicles and renewable energy systems will require massive new supplies of metals and mineral. The U.S. has $6.2 Trillion in mineral reserves and so it is time to begin ramping up production of its vast mineral reserves, and Washington should encourage domestic mining. To succeed in the clean energy revolution, Washington must commit to rebuilding domestic mineral production and processing. U.S. firms can both mine critical minerals and be good environmental stewards.
Gold has recently been discovered and validated in western Nevada. The property is to be leased to Marietta Hill Gold Corp, where a gold mine will be permitted and developed to extract and process 20,000 to 30,000 ounces of gold during the next 3-5 years.
Cedar Strat has hired a team of consultants that are experts in geology, business finance, mining, drilling, equipment, permitting and the gold market. Tests and assays have verified the discovery of gold in western Nevada.
Now, steps have been taken to engage the lease acquisition, begin the permitting process for mining, while a financial package is being developed to raise $5 Million in a combination of equity and debt financing in order to finance the operations of the gold mine.
Our Gold Mine
Gold mining in Nevada is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces (173.6 tons), representing 78% of US gold and 5.0% of the world's production. Total gold production recorded from Nevada from 1835 to 2017 totals 205,931,000 troy ounces (6,405.2 t), worth US$322.6 billion at 2020 values. Much of Nevada's gold production comes from large open pit mining using heap leaching recovery.
The Nevada mining industry supported an average 14,787 direct employees in 2018, with about 75,000 additional jobs related to providing goods and services needed by the mining industry. The average pay for mining industry employees during this time was $97,600 per year, the third highest average private employment sector in the state.
Major mining companies such as Newmont Goldcorp and Barrick Gold Corporation operate many of the state's gold mines. Active mines include those at Jerritt Canyon and the Carlin Trend.
Although Nevada was known much more for silver in the 19th century, many of the early silver mining districts also produced considerable quantities of gold. The Comstock Lode produced 8,600,000 troy ounces (270 t) of gold through 1959, and the Eureka district produced 1,200,000 troy ounces (37 t). The Robinson copper mine has produced well over 2,700,000 troy ounces (84 t) gold, along with over 4 billion pounds (1,500,000 tons) of copper.