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Announcement of Sale of the Berry Hills Silica Mine — Camelot, Tennessee
Berry Hills Corporation has decided to se
ll their silicon deposit. The asking price is $5,000,000 USD. The property offered for sale includes:
204 acres surrounding and including the deposit
A valid NPDES permit
All supporting engineering designs, which can be examined after signing a confidentiality agreement.
After transference of the NPDES permit, the buyer should be able to immediately begin mining. This permit is valid until 2013. Several natural gas wells have been drilled on the property, which means The natural gas probably underlies this 204 acres and could greatly reduce the cost of drying the silica after processing.
In addition, the level area of 204 acres fronting on state road 94 could be used as processing facility. If you desired to process the silica at one of your existing facilities, there is a shorter haul road going directly to Tennessee Highway 11W.
Attributes of the Berry Hills Silica Mine — Camelot, Tennessee
1. Proven reserves of at least 18 million tons. This is supported by the sand analysis reports that show the 45+ core drill holes.
2. Value of proven recoverable reserves is $ 288 million dollars.
3. Value of estimated recoverable reserves between $300 and $800 million.
4. Consistent silicon purity in excess of 99%, as reported in the sand analysis reports done by independent testing laboratories.
5. A current mining permit exists, and necessary engineering has already been completed.
6. Easily recoverable ore, with soft overburden averaging less than 6 feet.
7. Excellent access to the deposit: borders paved state road, with interior access roads already in place. Transport distance for raw ore to processing site approximately _ mile.
8. Level area (5-10 acres) directly below the deposit, bordering the paved roads, is ideal for processing facility. The area has ample room for water storage and settling ponds.
9. Three reliable sources of water are available on the property:
A. State approved community drinking water system (6 inch line) available at processing site.
B. Bold stream runs through processing site ( a source of free processing water) supply.
A producing gas well lies within the confines of this property, connected via a private pipeline to Hawkins County gas Co. A high capacity gas line (Duke Energy Co.) also runs adjacent to this tract. Successful natural gas wells have been drilled on adjoining property and competent geologists feel certain that additional wells on this property would be successful. A self contained supply of natural gas would dramatically cut sand processing costs.
10. The property is close to major highways:
A. US 11W (4 lanes), US 25E (4 lanes), I-81, I-40, and I-75.
B. Rail access approximately 20 miles
C. River Barge access approximately 60 miles
11. Close to major consumer of Silica products.
12. There is a rapid growing market in this area for other sand based products, such as construction sand and cement blocks. Added diversity would improve returns on investment and improve production efficiency. By-products could easily pay all the overhead of the mining operation.
13. An ample supply of good quality building stone is contained with in this property and could easily be harvested. Demand for this product is growing in all areas. It would make good sideline product with low production costs.
If you wish to set up a meeting to discuss this offer, tour the deposit, review supporting design engineering or NPDES permit documentation,
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