Minerals and Mining
I2M Precious Metal Operations
The I2M team has considerable experience in planning and managing precious and base-metal exploration and mining projects throughout the U.S. and overseas. This includes experience both in terms of evaluating prospects, bringing mines into production, and processing relevant environmental permitting requirements in such projects as gold and silver production via heap-leaching of gold ore to produce high-quality gold doré.
The I2M team is currently involved in a number of projects in Australia, involving uranium, gold and silver and base metal projects.
Nevada Mine: A few years ago, Mr. King and Mr. Campbell's company, Campbell, Foss and Buchanan, Inc,(CF&B) developed and managed a gold and silver mining operation in Nevada. The team put together a multinational joint venture of European firms. The team also negotiated with Amselco to purchase a large property, which was subsequently drilled and put into production. The project involved management of the construction of a 12-mile haul road from the deposit to the newly constructed heap-leach pads and refurbished processing plant. Mr. King served as Mine Manager for the day-to-day operations and Mr. Campbell and the team at CF&B provided services for the oversight management of operations. This involved doré delivery to the refinery in Salt Lake City and other management functions. The team made additional discoveries that were subsequently mined.
New Mexico Prospect: An example of a candidate property within I2M's inventory is a high-quality gold property located in New Mexico. Approximately $1.8 million has been spent previously by others on this property, but that effort failed to locate significant gold mineralization. I2M has investigated this property more recently, and has concluded that it is a prime target for drilling deep mineralization of up to 1,500 feet below surface. If the gold deposit is determined by I2M to be economic, the project would be developed using standard underground mining methods. I2M would fund a claim-staking program of 20 or more claims which would be required to earn a controlling interest in this prospect area. Additional claims may be required to cover possible extensions of the economic gold mineralization.
Alaska Gold and Other Minerals Prospect: Another property with major potential for mining of gold and other metals in Alaska has been offered to I2M for additional exploration and development. Because the property is located in proximity to a world-class deposit presently under development, the suggested value of this offering appears to be significant at this time. I2M is presently in negotiations with the property owners, and an announcement will be made in the near future on the details regarding the deposit, its location and I2M's plans for its development.
Energy Development
I2M Uranium Exploration and Mining
I2M principals and associates have many years of collective experience in planning and managing uranium exploration programs throughout the US and overseas. One of the principal objectives of I2M's mineral and mining activities is to evaluate and develop selected properties and to form joint ventures with those properties and/or offer them to the public via IPOs. Other private sources of funding are also evaluated.
Texas Uranium Prospect: The most favorable in-house prospect in the U.S. has the potential for initiating uranium production within 3 to 5 years, perhaps earlier. This property will be mined using an in-situ recovery method. This method is much more environmentally friendly than those used in the past. The typical mining plan is illustrated in the figure below:
Projects of opportunity conducted with private companies or individuals offering prospects for evaluation and possible development are under consideration. I2M will also conduct exploration on in-house uranium prospects primarily from an existing inventory developed by I2M personnel in the late 1970s and early 1980s. Future work will be expanded to existing U.S. and international mining districts.
Alaska Uranium Prospect: An example of a current in-house prospect that offers significant potential for very large reserves is located in Alaska and was initially investigated in the late 1970s by members of the I2M team. More than $300,000.00 were spent on geological mapping, geochemical sampling, and geophysical surveying, which outlined significant uranium, thorium, and rare-earth mineralization associated with igneous rocks of the area. This prospective area could represent a new uranium province. Based on recent reports, some activity has been reported in the area.
For additional information on the status of uranium exploration and production, and on the nuclear industry, see (more).
I2M Geothermal, Inc., Division of I2M Corp.
The present U.S. energy requirements consist of a mix of natural resources, essentially of natural gas, coal and uranium. Geothermal energy is another resource that is contributing but has gone largely undeveloped in the U.S., mainly because of the dominance of oil & gas interests in traditional resources. Even though exploring for and developing geothermal energy are remarkably similar to that of oil & gas, geothermal energy awaits further development. Only a few oil & gas companies in the U.S. have ventured into the field. Chevron, for example, began producing geothermal energy in the late 1970s in Dixie Valley, Valley and elsewhere. Aside from geothermal in southern and central California, the Dixie Valley project in central Nevada is also producing significant electricity for the California Power grid. I2M principals conducted the early geological investigations prior to follow-up work by the Desert Research Institute of the University of Nevada as Chevron began to implement a development program and ultimate production and electrical generation from the Dixie Valley area over the ensuing years. I2M principals and associates have also evaluated geothermal reserves in The Geysers and Salton Sea regions of California, and throughout the state of Texas (see More).
I2M Geothermal intends to begin reviewing prospects and the new technologies associated with developing marginal resources in remote regions (see More).
