BAKERSFIELD, Calif., Jan. 10, 2017 /PRNewswire/ -- Real physical gold in hand for less than $400 operating cost per troy ounce out of the ground is still possible according to F. Lynn Blystone, president of Roya Resources LLC. Roya has affiliated with an Alaska gold producer with an established, operating gold mine looking for capital to expand to an industrial level.
Located on mining friendly state lands that don't drain into sensitive streams, the operation presently delivers several hundred ounces during the approximately 150-day summer season. Upgrades in the basic recovery and processing equipment, coupled with Roya expertise to increase recovery of fine gold, can propel gross recovery into the multiple thousands of ounces per season, according to Blystone.
A very experienced, efficient operating team is in place and would be augmented by Roya technical and administrative professionals who have prior experience in the precious metals and industrial minerals sectors including recovery of fine gold of which it is estimated some 80 percent is currently escaping capture with the present equipment.
Of special interest is the companion exploration potential of millions of tons of gold bearing gravels which could house an immense reserve. A portion of the funding would be allocated toward methods to ascertain and measure that potential.
Blystone noted that in the 10 year period of 2005-2014, gold outperformed many asset classes including the S&P 500, Russell 2000 and REIT investments on an annualized basis. Physical gold is famous as a safe haven of value, especially in tumultuous times such as these. The opportunity for individuals to obtain physical gold as it comes out of the ground is rare and Roya has secured such a venture, especially one that can be substantially increased.
Roya Resources is a private Bakersfield firm comprised of highly experienced petroleum technical and administrative people who have developed a considerable inventory of oil exploration and producing property prospects. But, with the petroleum industry presently flatlined, Roya has branched out into more "lively" sectors including lithium, helium, gold and fresh water sources. The firm bills itself as a "one-stop shop" from prospect generation, leasing and permitting to drilling, operating and accounting services. Its website is www.royaresources.com.
Contact: F. Lynn Blystone
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SOURCE Roya Resources LLC