How would the gold recovery be handled so that the investor will get his/her share from the mining unit purchased?
To recover the gold, the overburden is stripped to bedrock using dozers, with the material at or next to bedrock being excavated and run through the wash plant. The gold is then separated from the alluvium into a concentrate by gravity. The gold bearing concentrate is removed daily and taken back to a recovery room where the gold is then further separated from the magnetite, garnets and other heavy minerals that may be in the concentrate. The gold is then melted into dore bars and provided to the investor with a stamp demonstrating the mining unit. All gold recovered will be accounted for, with that accounting available to the investor for review. Mine owner’s Royalty By IRS rules, the mining property must be leased to GVM&M. No part of the tax shelter can be used to purchase the claims. It is a common practice to pay the mine owner a percentage share or royalty for mining rights. The mining property claimholder/owner is afforded a royalty percentage share of the gross amount of recove
