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01/30/14 - C$0.17
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ely gold & minerals inc (ELY) Details

Ely Gold & Minerals Inc., an exploration stage natural resource company, engages in the evaluation, acquisition, exploration, and development of natural resource projects, primarily gold in North America. The company holds interest in the Mount Hamilton property that covers an area of 5,277 acres and is located to the west of Ely, Nevada; the Green Springs property consisting of 76 unpatented mineral claims and 2 mining claims covering an area of 1,498 acres and is located to the west of Ely, Nevada. The company was formerly known as Ivana Ventures Inc. and changed its name to Ely Gold & Minerals Inc. in June 2008. Ely Gold & Minerals Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada.

Founded in 1996

ely gold & minerals inc (ELY) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: --
Executive Chairman
Total Annual Compensation: --
Chief Financial Officer and Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2012.

ely gold & minerals inc (ELY) Key Developments

Ely Gold Submits Environmental Assessment for Green Springs Project

Ely Gold & Minerals Inc. provided the following update on its 100% owned Green Springs property located in White Pine County, Nevada. A draft Environmental Assessment (EA) was submitted to the U.S. Forest Service on June 26, 2014. An exploration Plan of Operations (POO), covering 75 acres was submitted to the U.S. Forest Service in October, 2013. The proposed project area covers several drill targets identified from historic drill assays, soil samples and the CSMAT geophysical survey. Enviro scientists Inc. is coordinating the permitting and environmental requirements for the project. Green Springs lies approximately 10 miles south of Ely Gold's Mt. Hamilton project and 14 miles southeast of Midway Gold's Pan Deposit, 7 miles southeast of Midway's Goldrock project and 10 miles northwest of Pilot Gold's Griffon project. The Mt Hamilton Project is being managed by Solitario Exploration & Royalty Corp.

Ely Gold & Minerals Inc. Auditor Raises 'Going Concern' Doubt

Ely Gold & Minerals Inc. filed its Annual on Apr 25, 2014 for the period ending Dec 31, 2013. In this report its auditor, Smythe Ratcliffe, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Solitario Exploration & Royalty Corp. and Ely Gold & Minerals Announces an Updated Resource Estimate and Metallurgical Testing Results on Mt. Hamilton Gold Project in Nevada, U.S.A

Solitario Exploration & Royalty Corp. and Ely Gold & Minerals announced an updated resource estimate and favorable metallurgical testing results on the Mt. Hamilton gold project in eastern Nevada, U.S.A. A new NI-43-101 compliant Mt. Hamilton resource estimate was completed incorporating both the Centennial and Seligman gold and silver deposits. The updated Mount Hamilton resource estimate was constrained by a potentially mineable optimized pit using a gold price of $1,500 per ounce of gold and $25.00 per ounce of silver. The in-pit Measured and Indicated Resource, at a cutoff grade of 0.006 ounces per ton gold, contains approximately 791,000 ounces of gold equivalent ("AuEq") using a 60:1 silver-to-gold ratio. An additional Inferred Resource totaling approximately 207,000 AuEq ounces is also estimated within the optimized pit.


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