Post by Hot Christian Stocks on Jan 29, 2014 21:17:24 GMT -5
Presenting
WELCOME TO SUBURBAN MINERALS CORP.
Suburban Minerals Corp. is a development company engaged in the evaluation, acquisition and exploration of highly prospective mineral properties. The Company has an option to acquire a 100% interest in a Chilean Maritime concession located in the area known as Bahia de Lota (Lota Bay), Municipality of Lota, Concepcion province, Chile. This option is the first of what is anticipated to be a full and expanding portfolio of exploration stage mineral projects throughout South America.
Lota Bay is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The project is considered to be advanced in nature, as a resource has already been outlined and its history is well known and understood. Recovery and commercial exploitation of the coal deposit is straight forward and requires minimal investment by the Company to get it to the stage where recovery equipment and infrastructure can be mobilized and put in place.
MISSION STATEMENT
Acquisition and development of advanced stage precious & strategic mineral properties, use of state of the art extraction and production technologies & techniques, early small scale production ready properties with potential for expansion, exploration and exploitation.
PROJECTS
Lota Bay (Bahia de Lota) Project
Lota Bay is located in the Gulf of Arauco, in the Municipality of Lota, Concepcion Province, Chile, South America. The project is a bituminous thermal coal deposit that lies on the sea floor to a depth of 10 meters and is directly adjacent to the shoreline of the bay, and is easily accessible by local industrial infrastructure, including a major dock and processing plant facilities. The concession is under exclusive option to Suburban Minerals, which has the right to acquire 100% of the project.
The resource, which sits on the harbor bottom, is there as a result of 145 years of dumping and spillage, in transit, of coal that was mined during the life of the nearby Lota coal mining operations, which were exhausted and shut down in the 1990’s. The initial reserve calculations in zone 1 of the concession are 275,000 proven, and 90,000 probable, tonnes of recoverable bituminous thermal coal having the following characteristics: 6700 Kcal/Kg, has less than 1% sulfur, and contains 14% ash.
Zone 1 of the concession encompasses 660,000 square meters of sea floor, where the coal rests in stratum, as well as two hectares of industrial land at the foot of the dock adjacent to the resource, where the land based coal preparation work will take place. All the necessary infrastructure is in place on the site; grid power, water, sewage disposal, highway and rail access, as well as a ready labor force from the nearby city of Lota, population 52,000.
The Lota Bay Coal Project has the support of the Chilean Government and the local community, which will benefit significantly from job creation as well as from environmental remediation and cleanup. Financial modeling shows conclusively that the recovery operation is economically viable and profitable at prevailing market coal prices and at the current proven resource level.
Jan 15, 2014 Suburban Minerals Moving Forward With the Acquisition of the Diamond Mine Press Release
Jan 8, 2014 Suburban Minerals Announces the Appointment of Tim Sperling as New President & CEO Press Release
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