Gold fever is alive and well in the South, as a Canadian mining company is reopening a historic gold mine in South Carolina, and expects to produce its first gold bar in 2014.
Romarco Minerals Inc. has revived the Haile Gold Mine in Kershaw, S.C. Once environmental impact studies are completed and permits are approved, according to information on its website the Toronto-based mining company expects to retireve on average 150,000 ounces a year, over the next five years.
The gold flecks imbedded in volcanic rock, are mined, crushed, and extracted using a cyanide solution. Romarco tested samples earlier, and estimated there is 1.3 million ounces of gold at the mine.
The Army Corp of Engineers is requiring an environmental impact study to determine how Romarco plans to restore the approximately 160 acres it plans on destroying. The study could take up to a year, according to Reuters. Photo Caption(s) & Photo Location(s)
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