Lovitt Resources Inc. (TSX: LRC.V) is an emerging gold mining company planning to re-activate gold and silver production at its crown jewel, the Lovitt Mine in Wenatchee, WA. Major mining companies Teck Corporation, Asamera Minerals (US) Inc., Newmont Mining Inc., and Cyprus Anvil conducted exploration in the 1970’s and 80’s focused upon producing an open pit mine. The open pit idea recognized the high tonnage lower grade potential, but current management is focused upon the historic high grade gold/ high return on capital model, maintaining as green a footprint as possible, with a final outcome the total re-habilitation of the Lovitt Mine.
The Lovitt Mine ranked sixth in gold production in the USA when it suspended operations in 1967. Besides the reams of data produced by the companies above, our founder Ed Lovitt kept meticulous notes on daily assays, tunneling, long hole drilling, and production. The maps and diagrams produced by his drafting department met consistently high engineering standards. Using this information as a base, LRC intends to conduct an aggressive exploration program building upon the substantial geological resource already established and summarized in the Watts Griffis and McQuat report.
We invite you to visit our website often. We are dedicated to posting substantial historical data essential to understanding the project, but we will also add complete current information as it becomes available. To diversify our asset base, Lovitt is watching for an opportunity to pick up additional mineral properties in Canada. We invite you to subscribe to our email list so that you are alerted to important current developments as they occur. Your feedback is essential to our success and we welcome any ideas you might have regarding the project, property acquisitions or investment in the company, so don’t hesitate to Contact Us.