Friday 25th September 2020

Resource Clips

Ares Strategic Mining appoints Keith Minty project manager for U.S. fluorspar property

by Greg Klein | August 19, 2020

A shares-for-debt agreement solidifies the participation of a seasoned mine-builder in a near-term production plan. On August 19 Ares Strategic Mining TSXV:ARS announced the appointment of Keith Minty P.Eng. as VP/project manager for its Lost Sheep fluorspar project in Utah. The company hopes to begin production as early as autumn of this year, making the operation the sole fluorspar mine in the U.S.

Under the agreement Minty will settle $14,100 of present invoices and 60% of future invoices through shares. The company “welcomes Mr. Minty to its shareholder base and draws great confidence from the endorsement and assessment he has made of the company’s potential,” Ares stated.

Last June president/CEO James Walker told that Minty “helped put nine mines into production that are way bigger than ours.”

Ares Strategic Mining appoints Keith Minty project manager for U.S. fluorspar property

Ares plans to re-open a permitted former fluorspar operation
as the United States’ sole producer of this critical mineral.

In 2000 Northern Miner named him Mining Man of the Year for turning around the Lac des Iles PGM mine in Ontario now held by Impala Canada. The publication credited Minty with exploration that expanded the operation, as well as corporate housecleaning and a technical review of mining and processing operations.

“His project development experience will be an invaluable asset to the company during the development stages of our Lost Sheep mine,” commented Walker. “We consider his involvement to be a major validation of our plans and future ambitions.”

The company plans to move to production without de-risking at the PEA or feasibility levels. Fluorspar, also known as fluorite and calcium fluoride (CaF2) is considered a critical mineral in the U.S. and EU. The U.S. currently has no significant domestic production. The 586-hectare Lost Sheep property is permitted for mining.

The company has assays pending from last spring’s 12-hole, 900-metre drill campaign and has conducted metallurgical tests to upgrade Lost Sheep material to higher-grade, higher-priced acidspar. Last month Ares contracted P&E Mining Consultants to complete a mine plan for Lost Sheep.

Ares also holds the 476-hectare Liard property in northern British Columbia, an April acquisition that came with historic, non-43-101 fluorspar estimates.

Read more about Ares Strategic Mining.

Share |

View All: News Stories