Wyoming Mines News
12/1/2018
Wyoming Mines (WM) has submitted a Plan of Operations for 2019 drilling on their SW2 Project to the US Forest Service in Laramie, Wyoming. The plan calls for drilling from 17 different drill sites to test the lowest 1 km of layered intrusive stratigraphy in the Lake Owen Intrusive Complex (LOC). The LOC is geologically similar to both the Stillwater Complex in Montana USA and the Bushveld Complex in South Africa. Previous drilling on the LOC intercepted up to 4.2 g/t Platinum Group Elements (PGE). The LOC is nearly untested by drilling. Targets include:
- Layered iron oxide cumulates with accessory vanadium and titanium mineralization. Previous operators estimated that these targets were up to 240 meters in thickness.
- PGE-bearing layers similar to the JM Reef in the Stillwater Complex.
- Undiscovered Ni-Cu-Co basal massive sulfides similar to those of the Mouat Deposit at the Stillwater Complex. That target has never been tested by drilling at SW2.
The previous operator estimated that there could be 1.4 billion tons (1.27 billion tonnes) of oxide resource at SW2 with a 1989 value of US$23/ton (US$25/tonne). Although the estimate is by no means 43-101 compliant, it does provide an idea of the magnitude of this project.
James Ebisch
12/14/2018
Wyoming Mines has added 3 more unpatented federal lode claims to their Castle Creek Project. WM now controls 2700 meters of what is thought to be favorable mineralized structures at Castle Creek. Although the structures are not exposed, strong gold/silver mineralization is found adjacent to those structures. The structures are marked by strong topographic lineaments. That gold-silver mineralization is hosted by veins, hydrothermal breccias, and extensive listwanite bodies that are an alteration product of a lamprophyre-like dike.
James Ebisch
12/22/2018
Wyoming Mines has completed their first stock offering to the general public. That offering of 2 million shares was over-subscribed, and is now closed. All 2 million shares have been sold. Wyoming Mines now has 3.55 million shares outstanding, and is well-funded for all planned activities for the foreseeable future.
James Ebisch
9/16/2019
Pioneering developments in green battery technologies emphasize the importance of Vanadium with respect to 21st Century electrical energy storage. The recently developed Vanadium Redox Flow Battery provides an important new market for large amounts of Vanadium. Importantly, the Vanadium Redox Flow Battery lasts 10-20 years and has no problem with overheating as do some of the lithium ion batteries. A previous intensive study done on the SW2 Project by Chevron Minerals over 3 decades ago showed that the titaniferous magnetite cumulate reported to exist on the property contains significant amounts of Vanadium. Through over 1200 sample analyses, Chevron Minerals determined that the average vanadium pentoxide content in the magnetite cumulate was about 1.2 %. This suggests that a vast resource of Vanadium exists on the property where Wyoming Mines owns 100% of the mineral rights. One report done for Chevron Minerals in 1989 estimated the presence of 1.4 billion tons (non 43-101 compliant) of surface-mineable, vanadium-bearing, oxide cumulate.
James Ebisch
10/02/2019
Wyoming Mines (WM) personnel have added 8 unpatented lode mining claims to their SW2 Project holdings in Albany County, Wyoming. These additional claims cover about 160 acres of well-mineralized, layered, mafic-ultramafic intrusive stratigraphy in the Lake Owen Intrusive Complex. As with the other 83 claims located last year, WM owns 100% of the mineral rights with no underlying royalty due any other entity. Those 8 claims are strategically located, covering the best historic drill intercept of Platinum Group Elements (PGE) on the property and the projection thereof. That historic drill hole (LAO-3) intercepted 3 feet (0.9 m) averaging 1.93 grams/tonne (0.06 troy ounces per tonne) of platinum + gold, including 1 foot (0.3 m) containing 4.2 grams/tonne (0.14 troy ounces per tonne) of platinum + gold. Palladium and rhodium contents were not determined.
The closest drilling completed to test the same zone mentioned above was over 1 km away. That particular drill hole intercepted 3 feet (0.9 m) averaging 0.34 grams/tonne (0.01 troy ounce per tonne) platinum + gold. The closest drill hole in the opposite direction from LAO-3, about 3,000 feet (0.9 km) away, was terminated in overburden due to poor hole conditions. Another historic drill hole (LAO-1), located 3 km away from LAO-3, tested the same zone intercepted by LAO-3. The LAO-1 drill hole intercepted 3 feet (0.9 m) averaging 0.9 grams/tonne (0.03 troy ounces per tonne) platinum + gold. Palladium and rhodium contents were not determined. Despite the continuity of mineralization that is characteristic of layered intrusive complexes, WM geologists believe that the zone of PGE mineralization intercepted in both LAO-1 and LAO-3 has not been adequately tested due to the vast distances (1-3 km) between drill holes. Historic reports also mention that many feet of sulfide-bearing drill core were never split and analyzed. A nearby analogy, the Stillwater Complex, contains PGE mineralization that extends about 40 km in strike length. The Stillwater and East Boulder mine complex is currently the only significant source of PGE in the United States. We hope that SW2 will become another significant source of PGE in the future.
James Ebisch
10/06/2019
In late September 2019, Wyoming Mines personnel completed a self-potential (SP) geophysical survey over a portion of the SW2 property in Albany County, Wyoming. Weathering sometimes creates variations of the natural voltage in the earth where sulfide minerals are present. As near-surface sulfide bodies undergo oxidation, a natural electrical current is created between the oxidized parts of the sulfide body that lie above the water table and the unoxidized portion of the sulfide body that lies below the water table. Variations in the natural electrical current are often in the tens to sometimes hundreds of millivolts. SP surveys have been responsible for the discovery of numerous sulfide ore bodies that are not exposed on the surface.
SP gradients delineated in the September 2019 survey suggest that up to 5 separate, steeply-dipping, tabular sulfide bodies exist on the SW2 property holdings near the base of the intrusive complex. Previous operators identified 12 separate PGE-bearing sulfide layers much higher in the intrusive stratigraphy, but they failed to drill-test the base of the intrusive complex. The base of the intrusive complex on the SW2 project is poorly-exposed at best. At the Stillwater Complex, the nearest geologic analogy, the best mineralization also lies near the base of the intrusive complex. The sulfide and oxide mineralization found at Stillwater near the base of the intrusive complex includes PGE (JM-Reef), chromite (Chrome Camp), and nickel-copper sulfides (Mouat Deposit). The recent geophysics, along with the geologic similarities to the Stillwater Complex, provides a compelling reason to test the base of the intrusive with several initial drill holes.The results of the September 2019 SP survey were interpreted by a competent geophysicist with 40+ years of experience. Although geophysics is not always a panacea, when the proper method is used and the survey is carefully implemented, the results can lead to discovery.
James Ebisch
10/21/2018
Wyoming Mines has started their third offering of common stock to the general public. That offering consists of a maximum of 2 million shares at US $0.15/share. This is not a solicitation to sell the common stock of Wyoming Mines, only an announcement regarding company progress and growth. There is currently no public market for Wyoming Mines common stock.
James Ebisch
12/10/2019
Wyoming Mines has scheduled the first Annual General Meeting for December 20th, 2019 at 12:00 Noon Pacific time at the main office. The location is 15101 S. Cheney Spokane Road, Cheney, WA. The primary topics to be voted on will be election of directors and continuation of the stock option plan for 2020. Any other pertinent company business will also be addressed.
James Ebisch
12/18/2019
In preparation for proposed drilling at Castle Creek in the spring of 2020, Wyoming Mines has been granted temporary approval of water appropriation from Castle Creek by the Idaho Department of Water Resources. The amount of water that can be used under the permit should be adequate for the initial drill program of 2-6 drill holes from 2 different sites . That drilling will help define the sub-surface morphology and the average gold/silver content of the hydrothermal breccia zone. Importantly, there is no evidence that the Castle Creek project has ever seen a drill hole, despite the fact that there are over 1,000 feet of historic underground mine workings in the immediate area. The permit granted by the state of Idaho Department of Water Resources will simplify the project logistics and preclude the need for a water truck. It will also save Wyoming Mines an estimated US$12,000 on water truck costs. Previous documented production from lode mining in the Castle Creek drainage in 1963 and 1964 averaged 56 g/t gold and 623 g/t silver.
James Ebisch
2/5/2020
Pending submission of a US$12,700 reclamation bond to the Bureau of Land Management, Wyoming Mines has been granted permission to drill at 2 sites on their Castle Creek project in Owyhee County, Idaho. The permit granted is good for a period of two years. Drilling could begin as early as March 2020 if sufficient funds are available at that time. The drilling would test the sub-surface extent of the hydrothermal breccia previously sampled at the surface. That drill program is estimated to take a maximum of 30 days.
James Ebisch
3/8/2020
Wyoming Mines has acquired their first gold/silver project in Nevada. The Gold Wash Project consists of 15 unpatented lode mining claims that cover about 235 acres (95 hectares) in Mineral County, Nevada. Previous rock samples taken in the area contained up to 5.1 g/t (0.18 troy opt) gold and 52.5 (1.69 troy opt) silver despite the fact that there is very little outcrop in the area.. An epithermal, opaline silica sinter and fossilized mudpots found in the area indicate paleosurface, suggesting that almost the entire mineralized system has been preserved from erosion. The property lies next to a paved highway and 5 other gold/silver deposits lie within about 20 miles of the project area.
James Ebisch
3/18/2020
Wyoming Mines has elected Mickey Woolley as director. Mickey has extensive experience in the business end of mine development and royalty negotiations. Much of that experience was gained in the Republic Graben of northeast Washington State. Historic gold production from the Republic Graben consists of about 4.5 million ounces of gold that came primarily from relatively high-grade, underground gold deposits. Mickey's vast experience will help us avoid dangerous business pitfalls as the company grows.
James Ebisch
5/24/2020
Wyoming Mines has submitted a second Plan of Operations to the US Forest Service in Saratoga Wyoming. That Plan of Operations is for the approval of up to 17 drill sites on the SW2 Project in 2021. Drilling from those sites would test vanadiniferous titanomagnetite targets and PGE-targets. The exact amount of drilling will be contingent upon early drill hole results and financing. The lowest zone of cumulate mineralization at SW2 has never been drill-tested.
James Ebisch
7/8/2020
The US Bureau of Land Management has declared the Gold Wash (GW) claims in Nevada to be null and void, despite the fact that they had originally issued NMC numbers when the claims were filed. Recently, an obscure Public Land Order withdrew the area from mineral entry despite the fact that significant historic mineral exploration there was evident. That Public Land Order withdrew a total of 694,839 acres of public land in Nevada from mineral entry. That withdrawal was done for the Department of the Navy (Fallon Naval Base Extension). The BLM will return a significant amount of the claim filing fees to Wyoming Mines. Wyoming Mines will continue to evaluate potential gold-silver occurrences in Nevada.
James Ebisch
11/3/2020
The Wyoming Mines Annual General Meeting will take place on Saturday, November 28th at 12:00 Noon at 15101 S. Cheney Spokane Road, Cheney, Washington, USA. Shareholders of record as of November 25th, 2020, will be entitled to vote in person or by proxy. Election of directors and any other pertinent business will be discussed.
James Ebisch
2/10/2021
Wyoming Mines will have a presentation booth at the NWGPA Gold Show at the Kootenai County Fairgrounds in Coeur d' Alene Idaho on March 13th and 14th, 2021. New information on the SW2 Project will be showcased at the presentation.
James Ebisch
2/10/2021
Commodity prices have risen significantly since Wyoming Mines was founded in 2018. With respect to the flagship SW2 project, iron ore prices are now over US$100 per ton for 62% Fe iron ore. Further, review of historic documents show that, besides platinum (US$1200 per ounce), Platinum Group Element (PGE) mineralization at SW2 also includes palladium (currently US$2200 per ounce), rhodium (currently US$19,000 per ounce), gold (currently US$1830 per ounce), and iridium. The amounts of those PGE present at SW2 has not yet been well-quantified., and it should be stressed that there is no current indication that they are present in economically significant amounts. However, it should also be noted that only 16 historic drill holes were completed by Chevron Minerals roughly three decades ago to test the mineralized zones, and many of those drill holes were poorly located with respect to geophysical targeting, were drilled in the wrong direction, or were terminated in overburden.
James Ebisch
3/15/2021
The prize winners from the drawing at the Gold Show are Addy Fundahl and Andrew Plemmons. Addy won the garnet crystal and Andrew won the hat. The prizes will be shipped out to the winners shortly.
James Ebisch
5/18/2021
Iron ore prices have recently topped US$200 per tonne, making the SW2 project in Wyoming more economically attractive. In 1989, Chevron Minerals estimated that the project contained 1.25 billion tonnes of iron oxide resource. At that time, the iron ore price was only about US$15 per tonne. Drilling will ultimately be necessary to confirm that estimate.
James Ebisch
3/4/2022
Wyoming Mines will Have a display booth at the NWGPA Gold Show In Coeur d'Alene, Idaho at the Kootenai County Fairgrounds on March 12th and 13th, 2022. The display will emphasize recent developments with respect to the SW2 Project in Wyoming.
James Ebisch
10/31/22
Wyoming Mines has submitted a revised Plan of Operations (POO) to the US Forest Service for a two drill hole, single site drill program on their SW2 Property in Albany County, Wyoming. Drilling is tentatively planned for the summer of 2023. The drill site is strategically located to allow the drill hole (s) to cross 2 different strong geophysical anomalies.
James Ebisch
11/3/22
Wyoming Mines has completed the sale of their Castle Creek Project to another resource company. This initial property sale is an important milestone for Wyoming Mines. It brings a significant cash influx into the company treasury, relieves the company of annual claim maintenance fees, and demonstrates that the projects acquired by the company have merit that is recognized by other companies. Wyoming Mines has retained a free carried 2.5% Net Smelter Return Royalty on the claims. 40% of that royalty can be purchased by the new company for US$1 million prior to December 31, 2027. In that case, we would be left with a 1.5% Net Smelter Return royalty as long as the agreement remains in force. In the event that the new company decides to abandon the project, Wyoming Mines will be given the first right of refusal to re-purchase the claims for a total of US$100.00
James Ebisch
11/4/22
Wyoming Mines has declared a cash stock dividend of US$0.005 (one half of one cent) per share of common stock payable to shareholders of record as of November 30, 2022. There are currently 4,308,000 shares of common stock outstanding. Wyoming Mines intends to keep their issued shares to a minimum so that we might be able to declare another cash dividend at a later date when we have another significant influx of cash. We will continue to market our SW2 Project and look for additional opportunities as we move forward.
James Ebisch
1/10/23
Wyoming Mines has signed a Letter of Intent with a junior resource company whereby, given a 30 day due dilgence period, the two companies will enter into an option agreement to explore the SW2 Project in southeast Wyoming, USA. The junior resource company can earn a 100% interest in the project by expending US$3 million in work commitments and US$500,000 in cash payments. The agreement also provides for several additional milestone cash bonuses to Wyoming Mines and Wyoming Mines will retain a 2.5% NSR, 60% of which can be purchased for US$ 2 million on or before the tenth anniversary of the agreement.
James Ebisch
3/10/23
Wyoming Mines has completed an Option Agreement with Troy MInerals on the SW2 Project. THe agreement calls for a total of US$500,000 in payments and a US$1,000,000 work commitment to acquire 100% of the project, subject to a 2.5% NSR royalty that will be retained by Wyoming Mines. Wyoming Mines will also be granted an additional bonus on Vanadium production, along with two other milestone bonuses. If the Chevron Minerals estimates are accurate, the $0.01 per pound production bonus on vanadium alone could provide Wyoming Mines with substntial long-term cash flow. Microprobe analysis of over 1200 magnetite grains done by Chevron Minerals indicated an average content of about 1.2% vanadium pentoxide. Troy Minerals will be the operator of the project.
James Ebisch
9/25/23
Wyoming Mines has acquired another 9 contiguous unpatented lode mining claims that cover areas of mineralization on their SW2 Project (Lake Owen layered intrusive). The project now consists of a total of 100 claims, securing a total of about 2,000 acres of mineral rights.
James Ebisch
11/22/23
Troy MInerals, which is earnimg a majority interest in the Lake Owen (SW2) Project, has announced that the USGS (US Geological Survey) has completed a roughly 16,000 line km airborne magnetics and radiometric survey in Wyoming which includes the Lake Owen Project area as part of the US Government critical metals strategy. Much of the survey was completed with 200 meter flight line spacing, but included flight lines of reported 100 meter spacing over the Lake Owen Project area. This survey was completed at no cost to either Troy Minerals or Wyoming Mines. The focus of the study is to support and explore the layered mafic intrusive near Lake Owen for critical metals including titanium, vanadium, and PGE (Platinum Group Elements).
Previous work by Chevron Minerals 30-40 years ago resulted in a historic estimate that the property contained over 1 billion tons of iron oxide resource with an average of 1.2-1.45% vanadium pentoxide based upon over 1200 microprobe analyses. The above mentioned estimate is not NI43-101 compliant. Microprobe work completed by Chevron Minerals also identified substantial amounts of PGE, copper, nickel, and cobalt in some sulfide grains.
Further, five days were spent on a ground follow-up by USGS geologists focusing primarily on the contact between the lower and upper zones, the chill margin at the base of the Proterozoic complex and the Archaen basement, and some of the felsic units. Forty two (42) rock samples were collected for thin section and major/trace element geochemistry. This includes vanadium and titanium concentrations. Geochemical analysis will also include PGE geochemistry, Sm-Nd isotopes, and Re-Os isotopes.
James Ebisch
1/5/24
The Wyoming Mines Board of Directors has unanimously decided that it is in the best interest of our shareholders to terminate the current private placement stock offering at US$0.15/share before it was fully subscribed. Recent positive developments within the company suggest that the current capitalization of the company at US$0.15 share significantly undervalues both the current assets held by the company and the future potential of the company based upon near-term new acquisitions in progress. The company currently has more incoming payments than expenses.
James Ebisch
6/26/24
Wyoming Mines has acquired the Central Idaho Antimony (CIA) Project in Central Idaho, USA. The CIA Project consists of about 680 acres of mineral rights adjacent to the historic Hermada and Bida-Anderson Mines which consist of roughly 100 acres of patented claims. Nearly 4600 tons of high-grade antimony/gold/silver ore was mined on the patented claims in the late 1940's. That ore was milled at the historic Talache Mill in Atlanta Idaho which was about twenty miles away by road. The concentrate produced at the mill averaged about 60% antimony, 0.17 ounce per ton gold, and about 1.3 ounce per ton silver. The concentrate contained only about 0.1% arsenic and 0.1% lead.
At least one stockpile of mineralized material taken from adjacent bedrockhas been found on the acreage controlled by Wyoming Mines. The stockpile of mineralized material contains massive stibnite (an antimony rich mineral) veins up to 4 cm in width within quartz veins that contain disseminated stibnite. That mineralized zone is tentatively estimated to be 20+ feet wide, but some excavator trenching will be necessary to determine the actual width of mineralization. That mineralization might best be characterized overall as a vein swarm within granitic rocks of the Idaho Batholith. The current price of antimony is about US$10/pound. Stibnite contains 71% antimony. Thus, for example, if mineralized rock contained an average of only 3% stibnite, one ton of that rock would containabout 40 pounds of antimony, worth about US$400. That is well within reasonable cost estimates for profitable underground mining under most conditions, should a sufficient volume of mineralized material be delineated.
About 80 miles north of the CIA Project, Perpetua Resources is trying to develop their Stibnite Project, which contains ore similar to that found on the CIA Project. At the Stibnite Project, ore milled in the past has created arsenic pollution in the historic mine tailings. That historic contamination has hindered the permitting process which Perpetua Resources has to deal with. At our CIA Project, that pollution is not a problem because the ore was milled twenty miles away rather than on-site. Perpetua Resources has become eligible for grants totaling around US$75 million from the US Department of Defense since antimony has been designated a critical mineral by the US Government. Antimony has a wide variety of both civilian and military applications. It seems possible that Wyoming Mines, and any business partners we chose to take in, may also be eligible for grants from the federal government.
James Ebisch